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Wires

  • *For first time, Gulf oil ministers not meeting before OPEC. As a six-month-old spat between Saudi Arabia and Qatar deepens, the organisation's Gulf ministers will have to scrap their tradition of meeting behind closed doors to agree policy before OPEC holds its twice-yearly talks, OPEC sources say. The GCC includes OPEC members Saudi Arabia, the United Arab...

  • PARIS, Nov 23- French spirits group Remy Cointreau's first-half profits came in slightly short of forecasts on Thursday, knocking its shares off record highs. Shares in Remy, which hit a high of 114.10 euros at the start of November, were down 3.6 percent at 107.3 euros at 0908 GMT, although they are still up by around 33 percent in 2017.. The maker of Remy Martin cognac...

  • SHANGHAI, Nov 23- Worries over a sustained bond selloff in China bled into the country's stock markets on Thursday, dealing blue chips their worst one-day loss in nearly 18 months, as investors reacted to the government's latest measures to reduce risks in the financial system. The blue-chip CSI300 index tumbled nearly 3 percent to 4,103.73 points, its biggest...

  • *Cautious FOMC minutes sends dollar lower in holiday week. LONDON, Nov 23- The dollar nursed losses on Thursday after posting its biggest loss in five months in the previous session as investors dialed down expectations on the outlook for U.S. interest rate hikes next year based on minutes from the Federal Reserve's latest policy meeting. "While a December U.S....

  • KUALA LUMPUR, Nov 23- Malaysia's Felda Global Ventures Bhd, the world's No. 3 palm plantation operator, returned to profitability in the third quarter on increased production and predicted a further rise in output next year. The company reported a net profit of 38.8 million ringgit for the quarter ended September, compared with a loss of 73.6 million ringgit a...

  • *Weinand says has boosted annual R&D spend by 1 bln euro. LEVERKUSEN, Germany, Nov 23- Bayer is seeking to defend its pharmaceuticals business that will be diluted in importance by the takeover of Monsanto and faces a threat to revenues in 2024 when the blockbuster heart drug Xarelto loses its patent. The firm's planned takeover of U.S. seeds group Monsanto for...

  • HELSINKI, Nov 23- Angry Birds maker Rovio Entertainment fell short of market expectations for quarterly sales and profit on Thursday, sparking a near 20 percent fall in the Finnish firm's shares. "Costs were surprisingly big but also the number of paying customers lagged expectations," Hannu Rauhala, an analyst at OP Equities, who has a "buy" rating on Rovio, said.

  • BEIJING, Nov 23- China's imports of liquefied natural gas in October nearly doubled from the same month a year ago to the second highest on record, according to customs data, as companies boosted imports of the fuel ahead of the winter heating season. The surge in demand is luring spot cargoes from places such as Norway and Nigeria that are not traditional LNG...

  • LONDON, Nov 23- European shares tumbled on Thursday, tracking more timid Wall Street trading as volumes thinned out for the Thanksgiving holiday, with British stocks leading losses as energy firm Centrica plummeted after results. Britain's FTSE 100 sank 0.5 percent, weighed down by utilities Centrica and National Grid. Badly-received results from...

  • LONDON, Nov 23- Borrowing costs in the euro area crept up on Thursday ahead of the release of minutes from the European Central Bank's October meeting, at which monthly asset purchases were extended well into 2018 albeit at a reduced pace. "What has materialised this week is how the debate is going to change in the future," said Peter Chatwell, head of euro rates...

  • Nov 23- Hong Kong stocks ended Thursday sharply lower, with the benchmark Hang Seng falling back below the 30,000 point mark after the previous session's breakthrough, as a tumble in mainland stocks soured sentiment. Investors took profit in sectors including financials, IT and consumer goods, as pessimistic mood in China split over the border.

  • PARIS, Nov 23- Telecoms and cable group Altice, which is trying to cut debts of around 50 billion euros, is looking to sell its telecoms network in the Dominican Republic, the Financial Times reported. Altice shares rose 6 percent to 8.02 euros at 0824 GMT following the report on Thursday, although the stock remains down by nearly 60 percent since the start of 2017..

  • BEIJING, Nov 23- China's trade with North Korea fell to $334.9 million in October, its lowest since February as imports sank to their weakest in years, data showed on Thursday, the latest sign that tough new sanctions cut business with its isolated neighbour. The data represents the first whole month since the latest United Nations penalties came into force on...

  • HONG KONG, Nov 23- The short-term debts of HNA Group's main offshore fundraising arm are close to outstripping its ability to meet them, according to figures provided in documents for the acquisitive Chinese conglomerate's most recent bond deal, where the unit paid almost 9 percent for a one-year loan. HNA Group declined to comment. HNA Group's $50 billion worth...

  • *Firm targeting IPO, open to listing in U.S., Hong Kong or China. HONG KONG, Nov 23- Chinese artificial intelligence start-up SenseTime Group, valued at more than $2 billion, is planning an IPO and aims to open a U.S. research and development centre as early as next year, its founder told Reuters. The Hong Kong and Beijing- based deep learning firm founded by Tang Xiaoou, a...

  • *Firm targeting IPO, open to listing in U.S., Hong Kong or China. HONG KONG, Nov 23- Chinese artificial intelligence start-up SenseTime Group, valued at more than $2 billion, is planning an IPO and aims to open a U.S. research and development center as early as next year, its founder told Reuters. The Hong Kong and Beijing- based deep learning firm founded by Tang Xiaoou, a...

  • WARDHA, India, Nov 23- India is likely to export nearly one-fifth less cotton than previously estimated as pink bollworms are set to eat into the south Asian country's output which was expected to hit a record, industry officials told Reuters on Thursday. Lower exports from the world's biggest producer will help its rivals like the U.S., Brazil and Australia to...

  • BEIJING, Nov 23- Some northern Chinese cities failed to improve air quality by much last month, hitting the smog-prone region's overall results in a drive against pollution, the government said as it warned provincial officials to comply with stringent steps to clear the skies. "Some cities did not improve air quality by much or even experienced some volatility,...

  • *Saudi Arabia lobbies for extended OPEC production cuts. *But soaring U.S. output counters OPEC efforts to tighten markets. WTI has been buoyed by the shutdown of the 590,000 barrel-per-day Keystone pipeline, one of the largest crude pipelines from Canada to the United States, as well as by another drawdown in commercial fuel inventories that came despite...

  • BEIJING, Nov 23- Shanghai aluminium prices rose some lingering bearish sentiment on the metal. Aluminium is still down by 8.3 percent in Shanghai so far this month, as Chinese winter smelting restrictions in force from mid-November turned out to be less severe than the market expected. *SHFE ALUMINIUM: The most-traded aluminium contract on the Shanghai Futures...