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Wires

  • BERLIN— Austrian media are reporting that a tunnel-boring machine has caught fire at the construction site of a railway tunnel under the Alps that will link Austria with Italy. Public broadcaster ORF reported Monday that about 50 workers were in the tunnel at the time the fire broke out. The Brenner tunnel is supposed to be completed in 2025, cutting journey...

  • SEOUL, Dec 11- South Korea's finance minister said on Monday that relevant ministries are in talks to decide whether trading of bitcoins should be regulated. "We're looking at its speculative nature, as well as situation in other countries as we review," Kim Dong- yeon told reporters on the outskirts of Seoul. South Korea in September banned raising money through...

  • DUBAI, Dec 11- Saudi Arabia said on Monday that public cinemas would be allowed in the conservative kingdom and the first cinemas were likely to open early next year. "As the industry regulator, the General Commission for Audiovisual Media has started the process for licensing cinemas in the Kingdom," Minister of Culture and Information Awwad bin Saleh Alawwad...

  • Dec 11- Hong Kong stocks rose the most in nearly three weeks on Monday, as index heavyweight Tencent rebounded for the third consecutive session. **China's main Shanghai Composite index closed up 0.98 percent at 3,322.2402 points while its blue-chip CSI300 index ended up 1.65 percent. **Around the region, MSCI's Asia ex- Japan stock index was firmer by 0.63 percent...

  • ABU DHABI, Dec 11- Abu Dhabi state investor Mubadala has made 15 to 16 investments in technology firms as part of a partnership with SoftBank Group of Japan, deputy group chief executive Waleed al-Muhairi told a conference in Abu Dhabi on Monday. Mubadala has committed $15 billion to SoftBank's $93 billion private equity fund, the SoftBank Vision Fund, which has...

  • *Spot gold still targets $1,239/ oz- Technicals. Dec 11- Gold prices ticked up amid a softer dollar on Monday, but lacked impetus to push higher weighed by expectations of an increase in interest rates in the United States. as of 0751 GMT, after hitting its lowest since July 26 at $1,243.71 last week.

  • Thirty years after the release of the now-classic movie " Wall Street," Wall Street itself is totally different. To mark the anniversary Monday of the opening of Oliver Stone's 1987 film, which starred Michael Douglas in an Oscar-winning, career-defining role as corporate raider Gordon Gekko, The Associated Press spoke to a group of Wall Street professionals,...

  • *Output rise undermines OPEC- led efforts to tighten market. SINGAPORE, Dec 11- Oil markets were stable 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. Crude prices have gained well over a third in value from their 2017 lows, largely due to production cuts by the...

  • BEIJING, Dec 11- China's vehicle sales grew a slow 0.7 percent in November, prompting an industry association official to strike a grim note for auto sales in the world's biggest auto market this year and beyond. Sales last month totalled 2.96 million vehicles, data from the China Association of Automobile Manufacturers showed. November marked a sixth...

  • MELBOURNE, Dec 11- London metal prices turned mixed in late Asian hours on Monday, as a resurgent dollar dampened cheery sentiment following robust trade and manufacturing data from China. China's exports and imports had unexpectedly accelerated last month in an encouraging sign for the world's second-biggest economy, though analysts expect growth to...

  • It opened at 5 p.m. CST at $15,000, according to CBOE Global Markets. The price of a bitcoin has soared since beginning the year below $1,000, hitting a peak of more than $16,858 Dec. 7 on the bitcoin exchange Coindesk. At 9:15 CST, the futures contract that expires in January, which opened at $15,000, was trading at $18,010, according to CBOE Global Markets.

  • The futures contract that expires in January surged more than $3,000 to $18,580 eight hours after trading launched on the Chicago Board Options Exchange. The contract opened at $15,000, according to data from the CBOE. Another large futures exchange, the Chicago Mercantile Exchange, will start trading its own futures on Dec. 18 but will use a composite of...

  • SHANGHAI, Dec 11- China stocks rallied on Monday, led by consumer and healthcare firms, after Beijing said it will "fully" consider the possible impact on banks and markets before finalising its new asset management rules. *Around the region, MSCI's Asia ex- Japan stock index was firmer by 0.56 percent while Japan's Nikkei index closed up 0.56 percent.

  • WELLINGTON, Dec 11- The New Zealand government on Monday named pension fund chief Adrian Orr as the nation's new central bank governor, sharply lifting the local dollar as markets bet a radical shake-up of monetary policy will be avoided when changes come into force next year. Orr will take up the role at the Reserve Bank of New Zealand on March 27, Finance Minister...

  • WELLINGTON, Dec 11- The New Zealand government on Monday named pension fund chief Adrian Orr as the nation's new central bank governor, sharply lifting the local dollar as markets bet a radical shake-up of monetary policy will be avoided when changes come into force next year. Orr will take up the role at the Reserve Bank of New Zealand on March 27, Finance Minister...

  • TOKYO, Dec 11- Japanese stocks hit a fresh 25- year high on Monday in choppy trade as gains in financial shares and large cap stocks offset falls in real estate and construction companies, with Obayashi Corp diving more than 7 percent. Obayashi tumbled after reports it had been raided by prosecutors investigating what media reports said were allegations that...

  • *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...

  • NEW YORK/ SYDNEY, Dec 11- Bitcoin futures jumped more than 20 percent in their eagerly anticipated U.S. debut, which backers hope will encourage wider use and legitimacy for the world's largest cryptocurrency even as critics warn of the risk of a bubble and price collapse. The one-month bitcoin contract opened trade at 6 pm at $15,460, dipped briefly and then rose...

  • *Output rise undermines OPEC- led efforts to tighten market. *UAE says OPEC to next June announce strategy to exit cuts. SINGAPORE, Dec 11- Oil prices fell on Monday as last week's rise in the U.S. rig count pointed to a further increase in American production that could undermine OPEC- led efforts to tighten markets.

  • ZURICH, Dec 11- Combining Roche's Tecentriq immunotherapy with its older drug Avastin reduced the risk of disease worsening or death for the initial treatment of advanced kidney cancer in some patients, the Swiss drugmaker said on Monday. Tecentriq, whose sales pale compared to established immunotherapies from Bristol-Myers Squibb and Merck& Co Inc, is a...