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  • COSCUEZ, Colombia/ TORONTO, Dec 12- A tiny company is trying to breathe new life into a fabled, four-century-old Colombian emerald mine without triggering unrest among wary locals who fear being shut out of the tunnels where they hunt for gems and make a meager living. Fura Gems, the first listed emerald miner to operate in Colombia, has $10 million invested to date.

  • LONDON, Dec 12- At least 150 Conservative Party lawmakers have indicated support for Prime Minister Theresa May ahead of a confidence vote in her leadership later on Wednesday, based on public statements in the media and social media. May needs to secure a simple majority-- 158 of 315 lawmakers-- to remain leader. A secret ballot will be held between 1800 and 2000 GMT.

  • STRASBOURG, Dec 12- European Union and Japanese plans to form the world's largest free trade area cleared their final hurdle on Wednesday when EU lawmakers backed a partnership set to enter force early next year. Both face trade tensions with Washington and remain subject to U.S. tariffs imposed by President Donald Trump on imports of steel and aluminium,...

  • *Libyan supply disruption, OPEC cuts support prices. LONDON, Dec 12- Oil rose above $61 a barrel on Wednesday, supported by an industry report that showed a drop in U.S. crude inventories, a cut in Libyan exports and an OPEC- led deal to trim output. Brent crude futures rose $1.08 to $61.28 by 1233 GMT, while U.S. futures were last up $1.02 to $52.67.

  • *Trump says China "buying tremendous amounts of soybeans". SINGAPORE/ PARIS, Dec 12- Chicago soybeans rose for a second consecutive session on Wednesday after President Donald Trump said China was back in the market buying U.S. beans. The most-active soybean contract on the Chicago Board Of Trade gained 0.7 percent to $9.21-3/ 4 a bushel by 1213 GMT, after touching...

  • Dec 12- U.S. stock futures rose about 0.7 percent on Wednesday, joining a global equities rally, as President Donald Trump's encouraging comments fueled optimism over trade negotiations between the United States and China. He also said he would intervene in the Justice Department's case against a top executive at China's Huawei Technologies if it would help...

  • LONDON, Dec 12- OPEC said on Wednesday it had offset a drop in sanctions-hit Iranian oil exports and lowered the 2019 forecast of demand for its crude, underlining the challenge the producer group faces to prevent a glut even after last week's decision to trim output. Worried by a drop in oil prices and rising supplies, OPEC and its allies including Russia last week...

  • STRASBOURG, Dec 12- European Union and Japanese plans to form the world's largest free trade area cleared their final hurdle on Wednesday when EU lawmakers backed a partnership set to enter force next year. The European Parliament voted 474 in favour to 156 against the agreement that binds two economies accounting for about a third of global gross domestic...

  • *CNOOC Gas& Power, a unit of China National Offshore Oil Corp, said on Wednesday its daily supply of natural gas had surpassed 200 million cubic meters for the first time as temperatures in northern China plummet. *CNOOC sent 205 million cubic meters of gas to the Chinese market on Dec. 10, 18.5 percent more than the daily high of 173 million cubic meters recorded in...

  • EUROPEAN PARLIAMENT LAWMAKERS APPROVE START OF EU- JAPAN FREE TRADE AGREEMENT.

  • Mallinckrodt's shares fell 4.4 percent to $20.02 in premarket trading on Wednesday. Mallinckrodt is one of the nation's largest manufacturers of oxycodone- the most commonly abused prescription painkiller after hydrocodone in 2016.. The panel members, during the Nov. 14 meeting, also raised concerns of Mallinckrodt's treatment creating the same problem...

  • MADRID, Dec 12- There are no signs of a new property bubble in Spain and the sector is far from showing any indications of over-valuation seen before its 2008 collapse, Bank of Spain Governor Pablo Hernandez de Cos said on Wednesday. In the run-up to the 2008 crisis, the construction sector was worth around 12 percent of Spain's economic output, there was a sharp...

  • MUMBAI, Dec 12- New Reserve Bank of India Governor Shaktikanta Das said on Wednesday he would adopt a consultative approach and move quickly to meet the heads of state-run banks to tackle issues facing the banking sector. "I propose to undertake consultations with stakeholders wherever necessary," Das said at his first news conference. "He is trying to give...

  • Certain parts of the company's application need further evaluation, Mallinckrodt said, citing the FDA. The treatment is a reformulated version of Mallinckrodt's commonly abused painkiller Roxicodone, intended to make the drug less desirable and more difficult to be abused by snorting or injecting. The decision comes after an advisory panel to the FDA voted...

  • An estimated 5.7 million Americans of all ages are living with Alzheimer's dementia in 2018, and this number is projected to rise to nearly 14 million by 2050, according to the Alzheimer's Association. AC Immune will receive an upfront payment of 80 million Swiss francs and $50 million in exchange for a note convertible to equity at a premium.

  • BAMAKO, Dec 12- Production at Randgold's Loulo gold mine in Mali resumed on Wednesday after a week-long outage over a pay dispute, the head of the union said, warning of possible further industrial action. The head of the industry and mines union SECNAMI, Bani Sacko, told Reuters workers had returned to work after mediation talks on Tuesday night.

  • *UK seeking bidders to house asylum seekers. EDINBURGH, Dec 12- British government contracts worth 4 billion pounds to house asylum seekers have drawn few bids from private firms in a sign that the collapse of Carillion has dampened appetite for riskier projects, sources involved in the process say. A decision on bids for the Asylum Accommodation and Support...

  • *Switzerland's second-biggest bank announces new buyback plan. ZURICH, Dec 12- Credit Suisse plans to buy back 2 to 3 billion Swiss francs of shares over the next two years and raise its dividend, voicing confidence that its strategy is working after a painful three-year restructuring. Switzerland's second-biggest bank confirmed commitments to distribute...

  • DAR ES SALAAM, Dec 12- Tanzania has signed a deal with Egypt's El Sewedy Electric Co and Arab Contractors to build a $3 billion hydroelectric plant on a World Heritage site in the country, that will more than double Tanzania's power generation capacity. The project has faced opposition from conservationists, who say the construction of a dam on a river that runs...

  • *After summer slide, EM FX sees tentative recovery. LONDON, Dec 12- Emerging market currencies have had one of their worst years in a decade, but bruised investors tempted by what they see as cheap valuations are hoping the U.S. dollar's eight-month resurgence will end and the world won't tip into recession. And that assumes you spread the risk, avoiding the howling...