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  • Dec 18- U.S. package delivery company FedEx Corp on Tuesday lowered its 2019 forecast, citing weakness in Europe and signs that global trade is faltering, sending its shares down 5.1 percent in after-hours trade. Memphis- based FedEx cut its fiscal 2019 earnings forecast to $15.50 to $16.60 per share, before year-end mark-to-market retirement plan accounting...

  • WASHINGTON, Dec 18- Uber Technologies Inc received approval from Pennsylvania to resume self-driving car testing on public roads this week, state records show, nine months after it suspended the program following a deadly accident in Arizona. In November, Uber said it was seeking permission from Pennsylvania to resume testing more than seven months after a...

  • BRUSSELS, Dec 18- Search company Yelp and lobby group Consumer Watchdog lost their joint bid to intervene in Google's challenge of a 2.4 billion euro EU antitrust fine after a court said they had no direct interest in the case. The Luxembourg- based General Court also rejected applications from other Google rivals, according to a ruling on its website...

  • S&P 500 E-MINI FUTURES FALL 0.90 PCT IN LATE TRADING.

  • KIEV, Dec 18- The International Monetary Fund approved a new $3.9 billion stand-by loan agreement for Ukraine, Ukrainian President Petro Poroshenko said in a statement on Facebook on Tuesday. The Finance Ministry said a first tranche of $1.4 billion should come by Dec. 25, and decisions on the next two tranches would come in May and November next year.

  • Market participants shirked riskier assets in emerging markets and exited bullish positions on the dollar, adding safe haven currencies such as Japan's yen and the Swiss franc to their portfolios. In the United States, the Dow Jones Industrial Average and the Nasdaq Composite recorded minor gains while the S&P 500 ended flat. "With expectations going into the...

  • KIEV, Dec 18- The International Monetary Fund approved a new $3.9 billion stand-by loan agreement for Ukraine, Ukrainian President Petro Poroshenko said in a statement on Facebook on Tuesday. The Finance Ministry said a first tranche of $1.4 billion should come by Dec. 25, and decisions on the next two tranches would come in May and November next year.

  • Dec 18- An advisory panel to the U.S. Food and Drug Administration on Tuesday recommended prescribing the opioid overdose reversal drug, naloxone, along with addictive painkilllers. Branded versions for treating opioid overdose include Adapt Pharma's Narcan nasal spray and Kaleo Inc's Evzio auto-injector. FDA studies found that co-prescribing naloxone...

  • *Energy stocks fall as oil prices tumble. NEW YORK, Dec 18- The benchmark S&P 500 stock index ended little changed in a choppy trading session on Tuesday as the possibility of a partial U.S. government shutdown raised investor jitters ahead of a highly anticipated meeting of the Federal Reserve. The S&P 500 had risen as much as 1.1 percent earlier in the session but...

  • RICHARDSON INTERNATIONAL SAYS IT HAS AGREED TO BUY WESSON BRAND OF CANOLA, VEGETABLE OILS FROM CONAGRA BRANDS.

  • KIEV, Dec 18- The International Monetary Fund approved a new $3.9 billion stand-by loan agreement for Ukraine, with a first tranche of $1.4 billion to be disbursed shortly, Ukrainian President Petro Poroshenko said in a statement on Facebook on Tuesday.

  • GASOLINE FUTURES EXTEND LOSSES SLIGHTLY IN POST-SETTLEMENT TRADE AFTER API DATA SHOW LARGER-THAN-EXPECTED BUILD IN STOCKPILES.

  • Dec 18- U.S. package delivery company FedEx Corp lowered its 2019 forecast, citing weakness in Europe, sending shares down 4.6 percent in after-market trading. Memphis- based FedEx cut its fiscal 2019 earnings forecast to $15.50 to $16.60 per share, before year-end mark-to-market retirement plan accounting adjustments and excluding TNT express integration...

  • *Fund managers see worst outlook for world growth in decade. NEW YORK, Dec 18- Global equity markets dipped on Tuesday as nervous investors awaited indications whether the Federal Reserve will be able to raise interest rates much further amid turbulent markets and a weakening outlook for the global economy. Steep drops in equity markets over the last two months...

  • OIL FUTURES EXTEND LOSSES SLIGHTLY IN POST-SETTLEMENT TRADE AFTER API DATA SHOW SURPRISE BUILD IN U.S.

  • FEDEX REPORTS Q2 RESULTS, ANNOUNCES NEW COST-REDUCTION INITIATIVES.

  • Dec 18- Chipmaker Micron Technology Inc on Tuesday missed Wall Street estimates for quarterly revenue, hurt by falling prices for its memory chips due to a supply glut. Net income attributable to the chipmaker rose to $3.29 billion, or $2.81 per share, in the quarter ended Nov. 29, from $2.68 billion, or $2.19 per share, a year earlier. Excluding items, Micron earned...

  • WASHINGTON, Dec 18- Uber Technologies Inc received approval from Pennsylvania to resume self-driving car testing on public roads this week, state records show. A company spokeswoman said on Tuesday Uber has not yet resumed testing. In November, Uber said it was seeking permission from Pennsylvania to resume testing more than seven months after a deadly...

  • TORONTO, Dec 18- Glencore-controlled Katanga Mining Ltd said on Tuesday it agreed to pay more than $22 million to settle Canadian allegations of inadequate historical disclosures of its finances and activities in the Democratic Republic of Congo. Johnny Blizzard, chief executive officer of the Toronto- listed company, will resign and leave its board, which...

  • The Memphis- based company's net profit rose to $935 million, or $3.51 per share, for the second quarter ended Nov. 30, up from $775 million, or $2.84 per share, a year earlier. FedEx also said it would look to cut costs due to weakening business in Europe. Revenue rose to $17.8 billion from $16.3 billion.