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  • Dec 18- U.S. stocks rebounded on Tuesday after losing about 2 percent in each of the past two days, helped by gains in the technology sector, and a rebound in some bellwether stocks such as Boeing and J&J. The focus, though, is on the Federal Reserve, which kicks off its two-day monetary policy meeting amid a host of calls, including from President Donald Trump, to pause...

  • President Donald Trump's namesake charitable foundation has agreed to dissolve under court supervision, partially resolving a New York state lawsuit claiming he misused it to advance his 2016 presidential campaign and his businesses, the state attorney general said on Tuesday. The lawsuit against the Donald J. Trump Foundation also seeks to recoup $2.8...

  • MEXICO CITY, Dec 18- The finance committee of Mexico's lower house of Congress on Tuesday rapidly approved the revenue section of President Andres Manuel Lopez Obrador's 2019 draft budget, auguring speedy passage in the legislature his party controls. The president's National Regeneration Movement and its allies dominate Congress, having won the first...

  • LONDON, Dec 18- Copper prices fell to a three-month low on Tuesday as fears that weak global growth will reduce demand combined with news that a large smelter in India could restart, lifting supply. COPPER: Benchmark copper on the London Metal Exchange closed down 2.5 percent at $5,970 a tonne after touching $5,955, the lowest since Sept. 18. CHINA: China's...

  • Switzerland's two big watch trade shows, the SIHH in Geneva and Baselworld in Basel, have been looking to reinvent themselves to try to stop exhibitors from taking contacts with retailers, journalists and customers into their own hands. Swatch Group, which announced its exit from Baselworld earlier this year, sent an invitation featuring the words "Time to Move,"...

  • *FTSE 100 down 1.1 pct. *FTSE 250 reverses course to close 0.5 pct higher. The FTSE 100 ended the day 1.1 percent lower while an uptick in retail stocks following sharp falls on Monday and a 17.7 percent surge in drugmaker Indivior shares helped the mid-cap index climb 0.5 percent higher after an initial loss.

  • KIEV, Dec 18- The World Bank has approved a $750 million loan guarantee for Ukraine, President Petro Poroshenko said on Twitter on Tuesday, calling it proof of his nation's "tangible progress on the reform path." The World Bank, International Monetary Fund and other bodies support Ukraine with loan agreements conditional on Kiev passing reforms and tackling...

  • *Appears to imply Brent oil averaging $70- 71 a barrel. RIYADH, Dec 18- Saudi Arabia plans to increase state spending by 7 percent next year in an effort to spur economic growth that has been hurt by low oil prices, according to a 2019 state budget announced by King Salman on Tuesday. "The budget focuses on boosting activity after years of fiscal consolidation and weak...

  • WASHINGTON, Dec 18- German auto supplier IAV Gmbh has agreed to plead guilty and pay a $35 million fine for conspiring to assist Volkswagen AG in its effort to evade U.S. diesel emissions standards, the U.S. Justice Department said on Tuesday. IAV, which is 50 percent owned by Volkswagen, will serve two years of probation and be under the oversight of an independent...

  • As few as 125 firms could file for initial public offerings in 2019, compared to 190 so far in 2018, manager of IPO-focused exchange-traded funds Renaissance Capital said, adding that the figure could rise to 200 if U.S. stocks resume their climb. Overall, total proceeds from IPOs in 2019 could be as much as $60 billion, up from $47 billion in 2018, according to the...

  • *Wall Street gains give global index a modest lift. NEW YORK, Dec 18- World stock markets inched higher on Tuesday as investors looked ahead to whether the U.S. Steep declines in equity markets over the last two months have sapped investor confidence, spurring fund managers to predict global growth to weaken over the next 12 months, the worst outlook in a decade, Bank...

  • Dec 18- Saudi Arabia's government released the following 2019 budget plan and actual 2018 data on Tuesday. SAUDI GOVT FISCAL BALANCE 2019 2018. Revenue 975 895 Expenditure 1,106 1,030 Balance -131 -136 As percentage of GDP 4.2 4.6.

  • MILAN, Dec 18- Italian oil service group Saipem knew about and abetted in bribes paid to win contracts in Algeria worth 8 billion euros, judges at a Milan court said in a detailed ruling filed on Tuesday. In September, former Saipem CEO Pietro Tali and the company were found guilty of paying middlemen about 198 million euros to secure contracts with Algeria's...

  • WINNIPEG, Manitoba, Dec 18- The Canadian. Natural Resources Minister Amarjeet Sohi said in Edmonton, Alberta, that the aid package would include C $1 billion for energy exporters to invest in new technologies, boost working capital or find new markets. The struggles of the oil sector, concentrated in the western province of Alberta, have generated rallies in the...

  • SANTIAGO, Dec 18- A month-long worker's strike and protests in Chile's flagship port of Valparaiso turned increasingly violent and spread to other ports along the nation's Pacific coast early on Tuesday, complicating fruit exports at the start of summer. Jorge Martinez, regional intendent for Valparaiso, told reporters on Tuesday that the Chilean police had...

  • DOHA/ GENEVA, Dec 18- The World Trade Organization said on Tuesday it would investigate Qatar's allegations of intellectual property breaches against Saudi Arabia, despite the kingdom's objection that the WTO had no standing to hear the case. Qatar launched the dispute in October, saying Saudi Arabia was blocking Qatari-owned broadcaster beIN and refusing...

  • ORLANDO, Fla., Dec 18- Elon Musk's SpaceX halted Tuesday's launch of a long-delayed navigation satellite for the U.S. military, postponing for at least a day the space transportation company's first designated national security mission for the United States. SpaceX dropped the lawsuit in 2015 after the Air Force agreed to open up competition, according to...

  • PARIS, Dec 18- French "yellow vest" protesters occupied highway toll booths, setting a number on fire and causing transport chaos in parts of the country days before the Christmas holidays getaway. Protesters set fire overnight to the Bandol toll station, east of Marseille, forcing the closure of the A50 highway that connects Marseille and Toulon, said Vinci, whose...

  • BRASILIA, Dec 18- Construction company Andrade Gutierrez Engenharia has agreed to pay 1.49 billion reais in a leniency deal with Brazilian authorities to help settle corruption allegations against it, the solicitor general's office said on Tuesday.

  • WASHINGTON, Dec 18- General Motors Co said on Tuesday it plans to cut 50 jobs at a suburban Detroit lithium-ion battery assembly plant after the largest U.S. automaker announced last month it will end production of its plug-in hybrid Chevrolet Volt in 2019.. The Detroit automaker said it would end production at five plants in North America, including four in the...