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  • But has succeeded in freezing assets worth c $4.7 bln. MOSCOW, Dec 13- Russian oil giant Rosneft said on Wednesday it was not seeking control of assets belonging to business conglomerate Sistema, despite successfully freezing Sistema assets worth around $5 billion in a legal wrangle. "This is an injunction," Rosneft spokesman Mikhail Leontyev said of the latest...

  • Dec 13- Apple Inc said on Wednesday it would invest $390 million in Finisar Corp, which it will use to build out a plant in Texas to make chips that power popular iPhone features such as face ID, animojis and portrait-mode selfies. The award will be part of Apple's $1 billion " Advanced Manufacturing Fund" to foster innovation and create jobs, Apple said in a statement.

  • ABU DHABI, Dec 13- The United Arab Emirates is working with Saudi Arabia's central bank to issue a digital currency that would be accepted in cross-border transactions between the two countries, UAE central bank governor Mubarak Rashed al-Mansouri said on Wednesday. A decade ago, the UAE and Saudi Arabia discussed the possibility of creating a single currency...

  • Every December, carmakers and dealerships scramble to hit end-of-year goals and sell off vehicles from the outgoing model year. But this December might be one for the record books. Inventory is at unusually high levels, and the push to clear it will be far more aggressive than in years past.

  • *Toyota plans to start selling pure EVs in early 2020 s. TOKYO, Dec 13- Toyota Motor Corp is considering making batteries for electric vehicles with Panasonic Corp, as it ramps up battery development to help meet its goal for green cars to comprise half of global sales by 2030.. "The auto industry faces many hurdles to developing next-generation batteries which are...

  • PARIS, Dec 13- French pharmaceuticals group Sanofi said on Wednesday it had suffered from low uptake for a new cholesterol drug and from concerns about a dengue vaccine, but expressed confidence its pipeline of new products would support long-term growth. The world's sixth largest drugmaker, which is battling to contain the fallout from a safety row in the...

  • LONDON, Dec 13- Copper rose on Wednesday as prices extended a correction from last week's sharp fall, but moves were muted as the wider markets steadied ahead of an expected interest rate increase from the U.S. Some upbeat data out of China last week had helped allay concerns over Chinese demand, Julius Baer analyst Carsten Menke said, while moves on Comex had also...

  • WARSAW, Poland— The European Union's executive body says it has approved Poland's 9.4 billion euro plan for developing renewable energy sources. Heavily dependent on its coal for energy, Poland is among Europe's top carbon gas emitters and is facing pressure and receiving incentives to shift toward clean energy sources. The EU Commissioner for competition...

  • SYDNEY/ MELBOURNE, Dec 13- For investors in Australia's Westfield Corp, its $16 billion sale to European property giant Unibail-Rodamco may mark a turning point for a mall industry under pressure to reinvent itself amid fierce online competition. "He probably thought that he'd taken it as far as he could with his sons, and there were other people that may have a...

  • HONG KONG, Dec 13- China's HNA Group said on Wednesday a U.S. lawsuit against the company and its Beijing- based unit Pactera Technology International Ltd over a failed acquisition was "baseless and without merit." U.S. software engineering firm Ness Technologies has sued HNA, accusing it of failing to adequately answer questions about its ownership in a U.S....

  • SAN FRANCISCO, Dec 13- San Francisco technology companies including Twitter, Salesforce.com, Uber and Airbnb lost an important ally on Tuesday with the sudden death of Mayor Ed Lee. Lee, 65, a former tenants' rights lawyer and San Francisco's first Chinese American mayor, died with more than two years left in his term. Lee also advocated a hands-off approach to...

  • Republican tax writers from the Senate and House of Representatives worked into Tuesday evening to reconcile differences between the separate plans passed by each chamber, but key details, including a final corporate rate, remained in flux. Tax writers were also still determining a top rate for individual taxpayers and weighing how to best scale back...

  • Although Chief Executive Rupert Soames was positive about the prospects for Serco once Britain's exit from the European Union is decided, he said the pipeline was unpredictable. "Some markets, and in particular the UK, are currently growing more slowly than their former trend rate," he said in a statement. "That's a threat, but once Brexit is done, the one thing that is...

  • British Prime Minister Theresa May's government is scrambling to stave off defeat on its key Brexit bill from lawmakers demanding a greater say over the country's exit from the European Union. Britain is due to leave the EU in March 2019. European Union chief Brexit negotiator Michel Barnier says there will be "no turning back" for Britain on commitments made...

  • GABORONE, Dec 13- The Botswana Stock Exchange on Wednesday listed a 250 million pula bond for the International Finance Corporation, the exchange's first local currency bond issued by a non-resident issuer. Through the bond, the IFC, a member of the World Bank Group, will invest the 250 million pula in BBS Limited, a 41- year old building society in the process of...

  • BRUSSELS— European Union nations have agreed to set quota levels that ensure more sustainable fishing in the Northeastern Atlantic and the North Sea, but environmentalists insist the bloc is behind in its schedule to end overfishing by 2020.. After marathon talks that ended early Wednesday, EU fisheries ministers said they added nine fish stocks— species of...

  • TOULOUSE, Dec 13- Airbus Chief Executive Tom Enders expressed confidence in the future of the A380 superjumbo on Wednesday, and said he hoped Singapore Airlines would buy more of the double-decker jet. Enders was speaking at a ceremony as the Singapore carrier took delivery of the first of a new batch of aircraft with a lavish cabin upgrade.

  • MADRID, Dec 13- Inditex, the world's biggest clothes retailer and owner of Zara, reported a slowdown in sales growth in its third quarter as Europe's warm autumn kept shoppers away, though it pointed to a brighter end of the year. Fashion retailers such as Next and John Lewis have already reported a hit from warmer-than-usual weather as shoppers ignored new winter...

  • *Russian gas flows to Italy have resumed. VIENNA, Dec 13- The supply of gas to neighboring countries from Austria's main pipeline hub was back to normal on Wednesday after a deadly explosion shut it down. The Baumgarten site in eastern Austria is a major regional transfer node, taking gas from as far away as Russia and pumping it towards neighbors including Italy-...

  • LONDON, Dec 13- Sterling edged up just a touch on Wednesday as data showed British pay had picked up a little speed in the three months to October, but employment fell again, suggesting employers are turning more cautious as Brexit nears. "The real wage squeeze continues, and that has a dampening impact on the economy and growth, given the UK economys dependence on...