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  • LONDON, Nov 24- Retailers across Europe chased shoppers on "Black Friday" in a test of consumer confidence, particularly in Britain where the spending spree imported from the U.S. has become most popular. Research firm GlobalData forecasts UK spending during the Black Friday period- defined as Monday Nov. 20 to Monday Nov. 27- will grow by 3.8 percent year on year to...

  • LONDON, Nov 24- The euro hit a six-week high against the dollar on Friday, with investors optimistic about the strength of the euro zone's recovery after strong economic data this week. The euro had started the week on the back foot, knocked by political uncertainty in Germany after coalition talks failed, but it recovered quickly as investors focused on a robust...

  • India is working on a new policy for electric vehicles. MUMBAI, Nov 24- Ride-hailing firm Uber will partner with automaker Mahindra and Mahindra to pilot electric vehicles on its platform in India, the two companies said on Friday, at a time when the government is pushing to have all new vehicles electrified by 2030.. Uber will deploy hundreds of electric vehicles...

  • TOKYO— Mitsubishi Materials Corp., a maker of components used in autos, aircraft and electricity generation, has become the latest among major Japanese companies to report faked quality data. Similar troubles have tarnished the image of other major manufacturers such as Nissan Motor and Kobe Steel. Mitsubishi Materials said the problems affected scores of...

  • LONDON, Nov 24- The euro hit a six-week high against the dollar on Friday, with investors optimistic about the strength of the euro zone's recovery after strong economic data this week. The euro had started the week on the back foot, knocked by political uncertainty in Germany after coalition talks failed, but it recovered quickly as investors focused on a robust...

  • BERLIN, Nov 24- German business confidence rose unexpectedly in November to hit an all-time high, a survey showed Friday, adding to signs that Europe's largest economy was heading for a strong fourth quarter. The Munich- based Ifo economic institute said its business climate index, based on a monthly survey of some 7,000 firms, rose to 117.5 from an upwardly...

  • BERLIN— A closely watched survey shows German business confidence hit another record high in November, as firms' optimism about the future offset their slightly more pessimistic feelings about their current situation. The Munich- based Ifo Institute said Friday its business climate indicator climbed to 117.5 points in November from 116.8 the previous...

  • NAIROBI, Nov 24- Kenya's economy has displayed "extraordinary resilience" in the face of political uncertainty, the central bank governor said on Friday, attributing that to its diversity and small and medium enterprises. The East African economy, which is the richest in the region, was buffeted by a severe drought in the first half of the year and a prolonged...

  • While some investors used Beijing's latest crackdowns on shadow banking and micro-lending as an excuse to take profits after a solid rally this year, others were out bargain hunting, betting the regulatory measures will reduce systemic risks. Brokerage CLSA reiterated its "BUY" rating on China's Big 4 banks, saying in a note to clients on Friday that lenders...

  • *South Europe debt lags, Italy- Germany spread widens. LONDON, Nov 24- Euro zone government bond yields rose further off recent lows on Friday after a detailed account of the European Central Bank's October meeting showed that ratesetters were divided on when exactly the bank should end bond purchases. "For the central bank, this could be one point for an exit, if they...

  • WASHINGTON— The Supreme Court's first female justice, Sandra Day O'Connor, has helped teach millions of students civics through computer games created by an organization she founded. Now, with a push from the Supreme Court's first Hispanic justice, Sonia Sotomayor, the group has translated one of its games into Spanish. The group iCivics, which O'Connor founded...

  • BEIJING/ SHANGHAI, Nov 24- China on Friday said it will cut import tariffs on consumer products ranging from meats and whisky to deodorant and cashmere clothes, as part of a drive to lower costs and help stimulate consumer spending at home. High taxes on imports have traditionally pushed up the price of foreign brands in China and caused consumers to spend more...

  • Nov 24- Hong Kong stocks rebounded on Friday, recording a fourth week of gains, as mainland shares showed signs of stabilising after Thursday's tumble. **China's main Shanghai Composite index closed up 0.06 percent at 3,353.8207 points while its blue-chip CSI300 index ended up 0.04 percent. **Around the region, MSCI's Asia ex- Japan stock index was firmer by 0.17...

  • BRUSSELS, Nov 24- British Prime Minister Theresa May repeated her wish on Friday to make a joint move with the European Union to open negotiations on a post-Brexit trade deal. Speaking to reporters on arrival at a Brussels summit with ex-Soviet states, she said she would talk to EU summit chair Donald Tusk later in the day about "positive negotiations we're having,...

  • HONG KONG, Nov 24- Amid calls from Hong Kong's pro- Beijing elite for sweeping new national security laws, government advisers and lawyers say the legislation is likely to be tougher than proposals shelved 14 years ago, raising fears about the city's cherished freedoms. Kevin Yam, of Hong Kong's Progressive Lawyers Group, said it was vital to win the argument...

  • NAIROBI, Nov 24- Kenya's economy has displayed "extraordinary resilience" in the face of political uncertainty, the central bank governor said on Friday, attributing that to its diversity and small and medium enterprises.

  • LONDON, Nov 24- Financial markets have understood the Bank of England's message on future interest rate policy, although the Brexit process risks throwing things off course, new BoE policymaker Silvana Tenreyro said in an interview published on Friday. BoE Governor Mark Carney said on Nov. 2 that in broad-brush terms, the central bank was on the same page as...

  • BRUSSELS— British Prime Minister Theresa May is stepping up her lobbying efforts to broaden Brexit negotiations with the European Union to future relations and trade, as the talks bog down on preliminary issues. May said Friday that she will hold meetings in Brussels, including with EU Council President Donald Tusk, about progress in the talks, which must be...

  • LONDON, Nov 24- European shares edged higher in early deals on Friday, underpinned by gains among heavyweight consumer goods firms as the pan-European STOXX 600 index was set to snap a two-week losing streak. The STOXX 600 index was 0.1 percent higher, while Germany's DAX advanced 0.2 percent. Germany's Social Democrats said that they were ready to hold talks...

  • *Spot gold may break above a resistance at $1,296- technicals. Nov 24- Gold prices remained stuck in a narrow range on Friday as the dollar remained under pressure after minutes of the U.S. Spot gold was nearly unchanged at $1,291.06 per.