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  • *Apple seeks exemption from India tax on imported parts. NEW DELHI, Dec 11- Apple Inc has asked India to defer a planned increase in import taxes on mobile phone parts so it can expand its iPhone manufacturing in the country, but the government is unlikely to accede, people familiar with the matter said. During those talks, Apple has conveyed it wants India to defer an...

  • *Output rise undermines OPEC- led efforts to tighten market. LONDON, Dec 11- Oil markets edged lower on Monday as ongoing output cuts led by OPEC were countered by rising U.S. drilling activity that points to a further increase in American production. The gains are largely due to production cuts by the Organization of the Petroleum Exporting Countries and a group...

  • BEIJING, Dec 11- China's bank lending in the first 11 months of 2017 topped last year's record, thanks to a much stronger-than-expected jump in November credit, even as authorities step up efforts to reduce risks in the financial system from a rapid build-up in debt. Chinese banks extended 1.12 trillion yuan in net new yuan loans in November, data from the People's...

  • *Argyle has $1.2 bln under management. TOKYO, Dec 11- A Hong Kong- based activist investor in Toshiba Corp has told the embattled conglomerate that the $18 billion sale of its chip unit to a Bain Capital- led group is no longer necessary after its recent capital injection, according to a letter seen by Reuters. Argyle Street Management Ltd, a hedge fund with $1.2...

  • LONDON, Dec 11- GlaxoSmithKline will scout for deal opportunities in cancer medicine, as well as immunology, as the drugmaker seeks to rebuild its presence in oncology, its new head of pharmaceuticals told Reuters. In his first public comments since joining GSK in September, Luke Miels said the focus would be mainly on buying or licensing early-stage drugs.

  • LONDON, Dec 11- A weaker dollar and better-than-forecast economic data briefly lifted the Turkish lira to two-week highs on Monday, against a backdrop of generally firmer emerging assets and a half-percent rise in emerging equities. Istanbul stocks also rose 0.7 percent to the highest in almost a month, with financials outperforming and extending gains as...

  • LONDON— British Prime Minister Theresa May says there is a new sense of optimism in the talks to secure Britain's departure from the European Union. May is set to address the House of Commons on Monday, updating lawmakers on the negotiations just days after hammering out a deal with the EU on the so-called divorce issues, including the Irish border and Britain's...

  • LONDON, Dec 11- Sterling steadied on Monday after posting its biggest daily drop in more than a month on Friday as investors cautiously added some long bets in a week when Britain and the European Union will sign off on a deal to move to the next stage of Brexit talks. Some analysts such as Viraj Patel, an FX strategist at ING in London, say the central bank decision this...

  • LONDON, Dec 11- Sterling steadied on Monday after posting its biggest daily drop in more than a month on Friday as investors cautiously added some long bets in a week when Britain and the European Union will sign off on a deal to move to the next stage of Brexit talks. Some analysts such as Viraj Patel, an FX strategist at ING in London, say the central bank decision this...

  • TOKYO, Dec 11- A Hong Kong- based activist investor in Toshiba Corp has told the embattled conglomerate that the $18 billion sale of its chip unit sale to a Bain Capital- led group is no longer necessary after its recent capital injection, according to a letter seen by Reuters. Argyle Street Management Ltd, a hedge fund with $1.2 billion under management, sent the...

  • LONDON, Dec 11- World stocks climbed and equity volatility neared a record low on Monday as investors focused on signs of strong economic growth ahead of a slew of central bank rate decisions, while the launch of bitcoin futures fed the market's cryptocurrency obsession. Britain's FTSE climbed 0.6 percent thanks to a boost from a weaker sterling.

  • LONDON— Snow and wintry weather are still wreaking havoc on travelers in Britain, with flights cancelled, roads sheathed in ice and rail travel disrupted. Europe's largest airport, Heathrow, warned Monday that some flights would be cancelled as it cleared the backlog of flights delayed by Sunday's snowfall. Trains on Chiltern Railways, CrossCountry, Great...

  • LONDON, Dec 11- Britain intends to prevent a hard border in Ireland after leaving the European Union whatever the outcome of talks with the bloc, UK's Brexit minister said on Monday, saying comments that this was not legally enforceable were taken out of context. Davis on Sunday said that a pledge on the Irish border agreed as part of a divorce settlement was "a...

  • *FTSE 100 up 0.6 percent. The blue-chip FTSE 100 was up 0.6 percent by 0906 gmt while Paris and Frankfurt were both up 0.1 percent after strong U.S. job growth had helped Wall Street close higher on Friday. A lower pound generally support the FTSE as the weaker currency translates into an accounting boost for large firms with overseas revenues.

  • *Says raid over suspicion of "deceptive obstruction of business". TOKYO, Dec 11- Obayashi Corp, one of Japan's' big four' construction firms, on Monday said Tokyo prosecutors have raided its offices on suspicion of "deceptive obstruction of business", sending its shares tumbling as much as 8 percent. The raid comes as Japan's corporate culture is under increased...

  • BEIJING, Dec 11- China's total social financing, a broad measure of credit and liquidity in the economy, rose to 1.6 trillion yuan last month from 1.04 trillion yuan in October, data from the central bank showed on Monday. TSF includes off-balance sheet forms of financing that exist outside the conventional bank lending system, such as initial public offerings,...

  • Japan and South Korea are among the world's top five markets for bitcoin trading, according to sites that track trading volume by currency. Japan was home to one of the earliest bitcoin communities, but it was started by expatriate residents and kept a low profile. That has helped make Japan the world's biggest market for speculative virtual currency trading,...

  • BEIJING, Dec 11- China's total social financing, a broad measure of credit and liquidity in the economy, rose to 1.6 trillion yuan last month from 1.04 trillion yuan in October, data from the central bank showed on Monday. TSF includes off-balance sheet forms of financing that exist outside the conventional bank lending system, such as initial public offerings,...

  • BEIJING, Dec 11- Chinese banks extended 1.12 trillion yuan in net new yuan loans in November, well above analysts' expectations and the previous month. Analysts polled by Reuters had predicted new yuan loans would rise to 800 billion yuan, from October's 663.2 billion yuan. China's banks have doled out a total of 12.94 trillion yuan in new loans the first 11 months...

  • * "Transatlantic spread" close to widest since April. *U.S. rate hike expected while ECB set to be cautious. LONDON, Dec 11- The gap between benchmark German and U.S. 10- year bond yields was close to its widest since April on Monday as the fiscal and policy paths of two of the world's most important economies diverge.