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Wires

  • MADRID/ FRANKFURT, Dec 11- Belgium- based chemicals distribution group Azelis is considering a 2018 stock market listing as its private equity owner seeks to benefit from high sector valuations, sources close to the matter said. Buyout group Apax, which bought Azelis from 3 i in early 2015, could seek a valuation of more than 1.3 billion euros through the possible...

  • LISBON, Dec 11- Portugal's corporate sector is ripe for investment, said billionaire U.S. investor Paul Kazarian who became one of Greece's biggest bond holders and has now opened his first office in Europe in Lisbon. The Socialist governments in both Greece and Portugal have adopted impressive policies to put their countries on the path to recovery after the...

  • BRASILIA, Dec 11- Brazil's planning minister on Monday acknowledged the possibility of delaying a key vote on a bill cutting social security spending to 2018 but said its approval would be difficult then, an election year.

  • LONDON, Dec 11- Britain's largest oil pipeline could shut down for weeks for unscheduled repair work, sending the price of crude to new two-year highs and triggering a steep rally in natural gas prices, just as a cold snap sweeps the country. The Forties Pipeline System, which carries around 450,000 barrels per day of Forties crude from the North Sea to the Kinneil...

  • FLAGSTAFF, Ariz.— President Donald Trump's decision to drastically reduce and break up a national monument in Utah wasn't the only blow Native American tribes say they were dealt last week. The proposal by Utah Republican Rep. John Curtis excludes tribes outside Utah and lets the president hand-select most members.

  • Dec 11- The U.S. Food and Drug Administration said on Monday it approved Sanofi SA's Admelog as the first follow-on biologic version of Eli Lilly and Co's fast-acting insulin, Humalog. The drug is a short-acting insulin product, generally administered just before meals, to help patients with diabetes control blood sugar levels after eating.

  • MONTROSE, Pa.— A gas driller's ongoing feud with a Pennsylvania homeowner over the contamination of his water supply has once again entered a courtroom. Houston- based Cabot Oil& Gas Corp. claims Dimock resident Ray Kemble and his former lawyers tried to extort the company through a frivolous lawsuit. Pennsylvania regulators previously held Cabot responsible...

  • Dec 11- Singapore Exchange Ltd plans to increase its derivative trading fees for the first time in 15 years, a company spokesperson said on Monday. The fee revision comes after the exchange's investments in technology and infrastructure to support growing trading volumes. Annual fees for proprietary trading members including international banks and...

  • *Apple confirms acquisition of Shazam Entertainment. Dec 11- Technology and energy stocks gained in early afternoon trading on Monday, helping Wall Street shake off uncertainties following an explosion at one of New York's busiest commuter hubs. New York Mayor Bill de Blasio called the incident an attempted terrorist attack after an initial investigation...

  • FRANKFURT, Dec 11- A previously undetected group of Russian-language hackers silently stole nearly $10 million from at least 18 mostly U.S. and Russian banks in recent years by targeting interbank transfer systems, a Moscow- based security firm said on Monday. Group-IB warned that the attacks, which began 18 months ago and allow money to be stolen from banks'...

  • WARSAW, Poland— Poland's media regulator has imposed a fine of nearly 1.5 million zlotys on a private news channel for what it alleges was unfair reporting during a political crisis last year. The move comes amid reports that Poland's ruling Law and Justice party is seeking a state takeover of TVN24, which is owned by an American company, Scripps Networks...

  • OTTAWA, Dec 11- Canada will make an announcement about fighter jets at 1 pm ET on Tuesday, a government official said on Monday, declining to give more details.

  • BUENOS AIRES, Dec 11- U.S. President Donald Trump's trade chief said on Monday that the World Trade Organization is losing its focus on trade negotiations in favor of litigation, and was going too easy on wealthier developing countries such as China. With Trump's "America First" trade agenda casting a cloud over the WTO's 11th ministerial meeting in Buenos Aires,...

  • DUBAI, Dec 11- A detained Saudi billionaire who led the collapsed Saad Group is seeking to repay part of a multi-billion dollar debt to creditors under a deal that could allow his release, people familiar with the matter told Reuters. The businessman, Maan al-Sanea, was detained in October in the kingdom's Eastern Province for unpaid debts, and has since been in a...

  • LimeBike, which launched in January and operates in dozen U.S. cities and college campuses, is introducing its bikes-where-you-find-them operation in Frankfurt and Zurich and plans further European expansion in the spring, it said on Monday. The Silicon Valley- based company aims to break in on an increasingly global craze that first exploded in China, where a...

  • WHERE THE JOB GROWTH IS. Professional service providers, manufacturers and builders, including many small businesses, were among the biggest contributors to job growth last month, according to the Labor Department. The National Federation of Independent Business, which surveys the small business owners who are its members, said more than half the owners it...

  • Trump and Republican leaders in Congress have promoted a massive tax plan by promising the tax cuts will boost the economy. The $1.5 trillion House and Senate tax bills combine steep tax cuts for corporations with modest reductions for individuals. President Donald Trump and Republican leaders in Congress have promoted the massive tax plan by promising the...

  • *FTSE 100 up 0.7 percent. The blue-chip FTSE 100 climbed 0.7 percent, outperforming Paris and Frankfurt which retreated 0.2 percent and 0.3 percent respectively. A lower pound generally supports the FTSE as the weaker currency translates into an accounting boost for large firms with overseas revenues.

  • *U.S. output rise undermines OPEC- led efforts to tighten market. NEW YORK, Dec 11- Oil prices rose Monday, reversing earlier declines, after a North Sea pipeline shut for repairs and investors focused on commodities following an explosion in New York. It is a supply concern not only because the pipeline transports a significant portion of North Sea crude oil output,...

  • WASHINGTON— The Treasury Department just gave Republicans ammunition that their tax cuts would pay for themselves. But most analyses have concluded that the Senate tax overhaul would add at least $1 trillion to budget deficits in the next decade because the analyses foresee significantly less growth resulting from the tax cuts. The Treasury Department...