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  • Nov 16- The S&P 500 edged lower on Friday as gains in energy stocks were offset by declines in chip and retail companies, after weak results from Nvidia and Nordstrom. Energy stocks rose 0.6 percent as oil prices recovered from sharp losses this week on expectations that OPEC and its allies would agree to cut output next month. Despite the fact that these are strong...

  • AIRBNB HAD' SUBSTANTIALLY MORE' THAN $1 BILLION IN REVENUE FOR THE THIRD QUARTER, ITS STRONGEST QUARTER EVER- AIRBNB STATEMENT.

  • LONDON, Nov 16- Copper rose on Friday as signs of supply tightness supported prices, but worries about the outcome of the U.S.- China trade dispute limited gains. "This is showing that either there is a tightening in concentrate supply or too much spare smelting capacity in China. China is the world's biggest consumer of metals.

  • COLOMBO, Nov 16- Sri Lanka's parliament descended into chaos for a second day on Friday as lawmakers supporting newly appointed Prime Minister Mahinda Rajapaksa threw books, chili paste and water bottles at the speaker to try to disrupt a second no-confidence motion. Wickremesinghe was removed by President Maithripala Sirisena late last month and replaced...

  • *OPEC could cut supply by 1.4 mln bpd to prevent glut. NEW YORK, Nov 16- Oil rose nearly 1 percent on Friday on expectations that the Organization of the Petroleum Exporting Countries and its allies would agree to cut output next month, though prices were set to for a weekly drop on underlying concerns that the global market was oversupplied. OPEC kingpin Saudi...

  • LONDON, Nov 16- European shares wobbled and closed just in the red after a choppy session on Friday as traders waited to see if Britain's Prime Minister Theresa May would face a no-confidence vote over her draft European Union divorce deal. Italy's budget showdown with the European Commission also did little for risk appetite. The STOXX 600 closed down O.12...

  • BERLIN, Nov 16- Airbus and France's Dassault Aviation will shortly submit an unsolicited proposal for initial conceptual work on a next-generation fighter jet to German and French officials, according to sources familiar with the matter. Germany and France signed a memorandum of understanding about the project in April, but progress has been halting amid...

  • BERLIN, Nov 16- Airbus and France's Dassault Aviation will shortly submit an unsolicited proposal for initial conceptual work on a next-generation fighter jet to German and French officials, according to sources familiar with the matter. Germany and France signed a memorandum of understanding about the project in April, but progress has been halting amid...

  • LONDON, Nov 16- British Prime Minister Theresa May won the backing of the most prominent Brexiteer in her government on Friday as she fought to save a draft European Union divorce deal that has stirred up a plot to force her out of her job. More than two years after the United Kingdom voted to leave the EU, it is still unclear how, on what terms or even if the world's fifth...

  • NEW YORK, Nov 16- The wild swings in the shares of PG&E Corp over the past week have drawn a rush of trading in the electricity provider's options contracts and traders are betting the stock is going to remain prone to wild gyrations in the near term. Shares of the electricity provider in the northern California region ravaged by a deadly wildfire jumped 36 percent...

  • *OPEC cuts, Iran sanctions may impact tanker demand. The Oslo- listed shipper, controlled by billionaire investor John Fredriksen, said the outlook was improving due to rising global demand for crude after a lengthy downturn for shippers. Frontline, which will not pay a dividend for the third quarter, rose 4.7 percent in early trade but gave up most gains to trade...

  • PARIS/ CHICAGO, Nov 16- U.S. carrier Delta Air Lines said on Friday it ordered 10 Airbus A330neo long-haul jets, becoming the first U.S. airline to operate the next-generation of Airbus aircraft and giving a boost to the slow-selling European model. "Expanding our A330 order book not only ensures that Delta's near-to-medium-term widebody needs are taken care of,...

  • *Wall St little changed as Nvidia tumbles. NEW YORK, Nov 16- The U.S. dollar weakened and Treasury yields pulled back on Friday after a top Federal Reserve official said U.S. interest rates are near a neutral rate, while continued uncertainty over Brexit clouded currency and other markets. Investors are starting to look at the vice chairmans remarks this morning as...

  • Generally dovish comments from European Central Bank chief Mario Draghi on the inflation outlook helped support regional bond markets. Ten-year borrowing costs in the bloc's benchmark issuer, Germany, were set for their biggest weekly fall in three weeks, a sign that uncertainty in Britain and Italy continued to bolster demand for safe-haven assets.

  • LONDON, Nov 16- Britain's competition watchdog has opened an investigation into "suspected anti-competitive arrangements" in the financial services sector. "The case is at an early stage and no assumption should be made at this point that competition law has been infringed," the Competition and Markets Authority said in a statement on Friday.

  • MOSCOW, Nov 16- Otkritie bank, rescued by Russia's central bank last year, has almost finished its clean up and is switching its focus to growth this year, Chief Executive Mikhail Zadornov told Reuters. The bad bank, with assets of over 2 trillion roubles, will be set up this year and the clean bank by Jan. 1, 2019. Zadornov, who moved to Otkritie this year from state-owned...

  • *Government allocates 21 pct of budget to subsidies. *Subsidies are a sensitive issue. ALGIERS, Nov 16- Algeria is backtracking on some economic reforms such as cutting costly subsidies as the country wants to minimise the risk of protests before presidential elections next year, according to the budget data and experts.

  • *Kirkuk exports had been halted since October 2017. *Iraq took over Kirkuk after failed Kurdish independence vote. LONDON/ BAGHDAD, Nov 16- Iraq restarted exports on Friday of Kirkuk oil, halted a year ago due to a standoff between the central government and Kurdistan's semi-autonomous region, after a new government in Baghdad agreed a tentative deal with Erbil.

  • *OPEC could cut supply by 1.4 mln bpd to prevent glut. LONDON, Nov 16- Oil rose on Friday on expectations that OPEC and its allies would agree to cut output next month but prices were still down on the week on concerns that the global market was oversupplied. Ministers from the Organization of the Petroleum Exporting Countries meet on Dec. 6 in Vienna to decide on...

  • By Sumita Layek and Swati Verma. BENGALURU, Nov 16- Gold rose to a one-week high on Friday as the dollar softened following recent gains on uncertainty over Britain's exit from the European Union, while palladium held near a record high, putting it close to the price of bullion. Spot gold was up 0.2 percent at $1,215.33 per ounce by 1126 GMT, having touched its highest...