×

Wires

  • OSLO, Dec 12- Storebrand, Norway's biggest private pension fund, launched a $1.3 billion fossil-fuel-free bond program on Tuesday and urged investors to do more to curb climate change. "We're building a track record in managing these low-carbon solutions," Jan Erik Saugestad, CEO of Storebrand Asset Management, told Reuters, saying they were also reducing...

  • *Vietnam unit of Thai Bev registers to buy stake in Sabeco. HANOI/ SINGAPORE, Dec 12- Thai Beverage, through a Vietnam unit, has emerged as the only bidder which has registered to own at least 25 percent of the nation's top brewer, Sabeco, in which the government is selling a $5- billion stake. Last month, Vietnam announced its biggest-ever and long-delayed state sale of...

  • PARIS, Dec 12- French ski resort operator Compagnie des Alpes said it was confident of making progress in selling a stake to potential investors including China's Fosun in the coming months, as it posted higher annual operating profit on Tuesday. Compagnie des Alpes operates 11 ski resorts in France and 13 leisure parks in Europe, including Parc Asterix and the...

  • SYDNEY/ MELBOURNE Dec 12- France's Unibail-Rodamco has agreed to buy shopping mall owner Westfield Corp for $24.7 billion including debt, in what would be the biggest takeover of an Australian company on record. Westfield, which owns and operates 35 shopping centers in the United States and United Kingdom valued at $32 billion, said the transaction was "highly...

  • JAKARTA, Dec 12- Indonesia's Pertamina expects to import up to 250,000 barrels per day of crude oil in 2018, the head of the state-owned company's procurement unit said on Tuesday. From Indonesia's crude output of around 800,000 bpd, about 500,000 bpd currently goes to Pertamina's domestic refineries, Toto Nugroho, Senior Vice President of the firm's...

  • TOKYO— Shares were mostly lower in Asia on Tuesday as investors stepped back after several days of advances, erasing early gains. KEEPING SCORE: Japan's Nikkei 225 index lost 0.3 percent to 22,866.17 while South Korea's Kospi dropped 0.5 percent to 2,458.56. The Hang Seng index in Hong Kong shed 0.2 percent to 28,894.58.

  • SYDNEY, Dec 12- France's Unibail-Rodamco SE has agreed to acquire Australian mall owner Westfield Corp for $24.7 billion including debt, in what would be the biggest takeover of an Australian company on record. The companies said in a joint statement that Westfield's board supports the deal and that Unibail-Rodamco would pay Westfield's shareholders in...

  • TOKYO, Dec 12- Japan's Nikkei slipped on Tuesday, reversing earlier gains as investors turned cautious ahead of this week's U.S. The Nikkei share average fell 0.3 percent to 22,866.17, after traversing positive and negative territory. Shippers' gains were supported after the Baltic dry index of freight charges rose overnight to its highest level since January...

  • WTI at May 2015 high of over $7 a barrel. SINGAPORE, Dec 12- Brent oil prices jumped 1.5 percent on Tuesday to their highest since mid-2015, after the shutdown of the Forties North Sea pipeline knocked out significant supply from a market already tightening due to OPEC- led production cuts. "Brent crude raced higher... as news broke that the North Sea's Forties Pipeline...

  • SHANGHAI, Dec 12- Kweichow Moutai, the Chinese drinkmaker made famous when Richard Nixon drank its fiery sorghum liquor on his historic state visit to Beijing in 1972, has been the toast of the mainland's blue chip stock rally, surging 93 percent this year. And despite words of caution about a stock bubble from official channels and some market participants,...

  • NEW YORK, Dec 12- Most writers dream of publishing a book in their lifetime, and maybe even selling a few copies. The author of such runaway hits as the "Alex Cross" and " Women's Murder Club" series raked in an estimated $95 million in 2016, according to Forbes, placing him among the highest-paid writers on the planet. She felt I could do anything I wanted to do, other than...

  • LOS ANGELES Dec 12- Communities across the United States are looking to replace their dirty diesel buses, ushering in what some analysts predict will be a boom in electric fleets. A typical 40- foot electric bus costs around $750,000, compared with about $435,000 for a diesel bus. Remember 20 years ago someone paid $20,000 for a plasma TV and then 10 years later it...

  • BEIJING, Dec 12- China will likely set its 2018 economic growth target at around 6.5 percent, unchanged from the previous year, leaving more room for quality growth as a government deleveraging campaign is set to intensify, a policy adviser was quoted as saying on Tuesday. Lou Feng, a researcher at the Chinese Academy of Social Sciences, a state think tank, expects...

  • SYDNEY, Dec 12- Australia's push to control a housing bubble by reining in bank lending to property developers has unleashed a highly profitable market for shadow lenders, including international hedge funds. There are no figures on the size of this market, but Dan Simmons, a Hong Kong- based partner with hedge fund OCP Asia, which is providing funding, estimates it...

  • SHANGHAI, Dec 12- China's yuan eased slightly against the U.S. dollar on Tuesday on rising seasonal corporate demand for the greenback ahead of a U.S. There's speculation that China's central bank will wield a liquidity management tool twice this month for the first time since March, and that has some traders feeling Beijing might tighten policy soon after the...

  • *Upbeat China credit figures underpin mood in Asia. SYDNEY, Dec 12- Asian shares took a small step back on Tuesday after three straight sessions of gains, with markets consolidating in the hope an upswing in global growth could outlast a likely hike in U.S. borrowing costs this week. MSCI's broadest index of Asia-Pacific shares outside Japan drifted off 0.3...

  • *GRAPHIC: Oman premium over WTI widens: http://reut.rs/2BbGXxo. LAUNCESTON, Australia, Dec 12- The shutdown of Britain's largest crude oil pipeline is an early Christmas gift to U.S. exporters shipping to Asia, and a complication for Middle Eastern and African producers seeking to maintain market share in the world's top importing region.

  • BOSTON— Five female kitchen workers in Boston are detailing a sexual harassment lawsuit they're filing against a national restaurant chain. The Lawyers' Committee for Civil Rights and Economic Justice, which represents the women, says the lawsuit being addressed Tuesday highlights the plight of women in low-wage positions like dishwashers, cleaners and...

  • RIO DE JANEIRO— One night about a year ago, Leandro Mota Generoso was sleeping on a street in downtown Rio de Janeiro when he felt something jagged strike his face. A year after Rio de Janeiro hosted the Olympic Games, a grinding economic crisis has led to an influx of thousands of homeless people, creating a climate of tension that city officials are scrambling to...

  • *Dollar slightly firmer vs basket of major currencies. SINGAPORE, Dec 12- The dollar held firm near two-week highs versus a basket of major currencies on Tuesday, with traders awaiting the U.S. That was within sight of Friday's peak of 94.087, the highest since Nov. 21.