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Wires

  • *Canada to U.S. pipeline shut after Nov. 16 oil spill. *Expectations of OPEC extension to oil curbs support prices. NEW YORK, Nov 24- U.S. oil prices hit their highest levels in more than two years on Friday after the continued shutdown of a key pipeline running from Canada to the United States was expected to reduce supply into a major storage facility.

  • *South Europe debt lags, Italy- Germany spread widens. LONDON, Nov 24- Euro zone government bond yields rose further off recent lows on Friday after a detailed account of the European Central Bank's October meeting showed that ratesetters were divided on when exactly it should end bond purchases. "For the central bank, this could be one point for an exit, if they link...

  • LONDON, Nov 24- Banks on mainland Europe have cut their exposures to Britain since the Brexit vote last year and are concerned about the legality of cross-border deals once the UK leaves, the European Union's banking watchdog said on Friday. EBA said in a regular risk assessment report that banks are worried about a "cliff-edge" if Britain, the bloc's most...

  • The preliminary ruling by an administrative court in the city of Nice overturned a decision by France's health and environment agency ANSES in September to grant a permit for the Closer and Transform crop chemicals, which contain the insecticide sulfoxaflor. ANSES's authorisation of the products angered environmental protection groups, which say they...

  • LONDON, Nov 24- The oversight body for global banking regulators said on Friday it will meet on Dec. 7, in the clearest sign yet that a deal on completing post-financial crisis capital rules is finally on the cards. The oversight body, known as the Group of Governors and Heads of Supervision, is chaired by Mario Draghi, president of the European Central Bank.

  • *U.S. import most popular in Britain. *Event gaining popularity in Germany, France and Italy. LONDON, Nov 24- Retailers across Europe chased shoppers on "Black Friday" in a test of consumer demand, particularly in Britain, where the spending spree imported from the U.S. looked set to outdo last year.

  • CARACAS, Nov 24- Venezuelan state oil company PDVSA said on Friday it has started making interest payments on two bonds that could go into default next week, including one backed by shares in its U.S. refining subsidiary Citgo. The $233 million in interest on the 2020 and 2022 bonds were due on Oct. 27 and Oct. 28. The 2020 bond, issued as part of a swap operation last year,...

  • NEW YORK, Nov 24- Gauges of global and U.S. stock performance set fresh all-time highs on Friday, buoyed by a bright business outlook and strong corporate earnings, while the economy's strength in continental Europe lifted the euro to a two-month high against the dollar. German business confidence hit a record high in November, a sign Europe's largest economy is...

  • HARTFORD, Conn.— Connecticut lawmakers are moving ahead with hearings next week about the now-settled impasse between Hartford HealthCare and Anthem Blue Cross Blue Shield despite an agreement on a new, three-year contract. Sean Scanlon, House chairman of the Insurance and Real Estate Committee, said Friday that while he's glad the two sides ended their...

  • BERLIN— A court in western Germany says an ancient forest near the Belgian border can be chopped down to make way for a coal strip mine. Cologne's administrative court ruled Friday against a legal complaint brought by the environmental group BUND that wanted to halt the clearance of much of the Hambach forest. The group said it would appeal the decision and seek...

  • SAO PAULO, Nov 24- The Brazilian economy likely sustained its gradual recovery in the third quarter as a long-awaited upswing in investments ushered in the next phase of a rebound, a Reuters poll showed. That would mean the pace of growth was unchanged from the prior quarter, but the consensus among economists reflects more certainty that Brazil will sustain its...

  • CARACAS, Venezuela— U.S. diplomats are demanding that Venezuela give them immediate access to jailed oil executives who hold American passports. Venezuela accuses them of embezzlement stemming from a $4 billion deal to refinance bonds. The international scuffle could further strain relations between the Trump administration and Venezuela as socialist...

  • CARACAS, Nov 24- Venezuelan state oil company PDVSA said on Friday that it has started the process of making interest payments on its bonds maturing in 2020 and 2022..

  • MOSCOW, Nov 24- Russia's Novatek has provisionally set Dec. 8 as the official launch date for its Yamal LNG plant, two sources with direct knowledge of the event planning told Reuters. Novatek's partners on the project are France's Total, the China National Petroleum Corp and China's Silk Road Fund. The project, on the Yamal Peninsula above the Arctic Circle, will be...

  • VENEZUELA STATE OIL COMPANY PDVSA SAYS IT HAS STARTED MAKING INTEREST PAYMENTS ON 2020 AND 2022 BONDS.

  • LONDON, Nov 24- Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. The U.S. Senate Banking Committee holds a hearing on Tuesday to confirm the nomination of Jerome Powell to succeed Janet Yellen at the helm of the Federal Reserve. The world's top economy is pretty much...

  • LONDON, Nov 24- Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. The U.S. Senate Banking Committee holds a hearing on Tuesday to confirm the nomination of Jerome Powell to succeed Janet Yellen at the helm of the Federal Reserve. The world's top economy is pretty much...

  • OTTAWA, Nov 24- Canada's budget deficit increased in September compared with the previous year as government spending on programs increased at a faster rate than revenues, the finance department said on Friday. The government posted a deficit of C $3.23 billion in September, compared with a shortfall of C $2.37 billion in September 2016. For the first six months...

  • BEIJING, Nov 24- Nissan Motor Co, an early mover in the electric vehicle market, will use the Los Angeles auto show next week to send a message about gasoline-fueled engines: They're not dead yet. A new Infiniti QX50 sport utility vehicle to be unveiled at a media event in Los Angeles on Nov. 28 will highlight one technology Kiga plans to use. Advancing the internal...

  • *Macy's up 4.3 pct on bullish comments from CEO. Nov 24- U.S. stocks gained on Friday, with the Nasdaq and the benchmark S&P 500 hitting records, helped by higher commodity prices and with retail stocks getting a boost on signs of a strong start to the holiday shopping season. "Being the busiest time of the year for retailers, investors are optimistic that the improved...