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Wires

  • WASHINGTON, Dec 14- U.S. import prices surged in November amid an increase in the cost of imported petroleum products, leading to the largest year-on-year increase in seven months. The Labor Department said on Thursday that import prices jumped 0.7 percent last month after a downwardly revised 0.1 percent gain in October. Economists polled by Reuters had...

  • WASHINGTON, Dec 14- U.S. import prices surged in November amid an increase in the cost of imported petroleum products, leading to the largest year-on-year increase in seven months. The Labor Department said on Thursday that import prices jumped 0.7 percent last month after a downwardly revised 0.1 percent gain in October. Economists polled by Reuters had...

  • WASHINGTON, Dec 14- The number of Americans filing for unemployment benefits fell last week, a government report showed on Thursday. Initial claims for state unemployment benefits declined by 11,000 to a seasonally adjusted 225,000 for the week ended Dec. 9 from an unrevised 236,000 the week before, the Labor Department said. Economists polled by Reuters had...

  • VANCOUVER, British Columbia _ CounterPath Corp. on Wednesday reported fiscal second-quarter net income of $159,000, after reporting a loss in the same period a year earlier. On a per-share basis, the Vancouver, British Columbia- based company said it had net income of 3 cents. This story was generated by Automated Insights using data from Zacks Investment...

  • WASHINGTON, Dec 14- U.S. retail sales increased more than expected in November as the holiday shopping season got off to a brisk start, pointing to sustained strength in the economy. The Commerce Department said on Thursday that retail sales rose 0.8 percent last month. Data for October was revised to show sales gaining 0.5 percent instead of the previously...

  • US DOLLAR INDEX RISES SLIGHTLY TO 93.40 AFTER DATA.

  • KHARTOUM, Dec 14- Sudan's annual inflation rate fell to 24.76 percent in November from 33.08 percent the previous month, its Central Bureau of Statistics said on Thursday, as the government pushes for economic reforms aimed at boosting the economy. Sudan's economy has been struggling since the south seceded in 2011, taking with it three-quarters of the...

  • *LONDON- RUSSIA'S SBERBANK CEO SAYS COULD LOWER DIVIDENDS IF WE SEE THERE ARE SHOCKS ON THE WAY. *LONDON- RUSSIAN LENDER SBERBANK'S CEO SAYS TRYING TO ASSESS LIKELIHOOD AND VARIABILITY OF ADDITIONAL SANCTIONS IS THANKLESS TASK. *LONDON- RUSSIAN LENDER SBERBANK'S CEO SAYS HE HOPES CURRENT ELECTION CYCLE WILL END WITH ECONOMIC REFORMS ON ALL FRONTS.

  • *Otkritie bank, once Russia's biggest private lender, bailed out. MOSCOW, Dec 14- Russia's central bank is preparing to merge three pension funds of bailed out bank Otkritie to create the biggest non-state pension fund in Russia, while guaranteeing payouts to their 7.7 million members, three people with knowledge of the matter said. The former owners of Otkritie...

  • LARNACA, Cyprus— The defense ministers of Cyprus, Egypt and Greece have agreed to step up cooperation in combating drug, weapons and people trafficking in the east Mediterranean and to share information on countering the threat of terrorism. Cypriot Defense Minister Christoforos Fokaides and his Egyptian and Greek counterparts Sedki Sobhi and Panos...

  • LONDON, Dec 14- Brent futures for delivery in the first months of next year have given up much of their premium since the announcement on Monday that the Forties pipeline system would be shut for emergency repairs. The Forties pipeline system, which carries around 450,000 barrels per day and handles nearly a quarter of North Sea output, is likely to be shut for...

  • Federal Reserve gave investors pause on a day packed with central bank decisions in Europe. Both the European Central Bank and the Bank of England left interest rates unchanged as expected, and traders will focus on the ECB's press conference at 1330 GMT for hints on the bank's policy outlook. "The ECB took some quite big steps a few weeks ago and nothing new was...

  • *PM to attend Brussels summit after securing trade talks. BRUSSELS, Dec 14- British Prime Minister Theresa May will urge European Union leaders on Thursday to approve an agreement to move Brexit talks on to a second phase, hours after an embarrassing parliamentary defeat at home that weakens her hand. At the beginning of a dinner in Brussels, May will repeat her...

  • NEW YORK, Dec 14- Delta Air Lines Inc said on Thursday it expected fourth-quarter passenger unit revenue, a closely watched measure, to be at the top end of its previous forecast.

  • BRASILIA, Dec 14- Brazilian President Michel Temer has postponed meetings scheduled for Thursday to discuss a crucial pension reform vote as he recovers well in hospital following minor surgery, his office said, and he will not be back on the job until Friday. The president was also due to meet the leaders of the two chambers of Congress to discuss whether pension...

  • LONDON, Dec 14- The euro consolidated gains at a one-week high on Thursday after the European Central Bank kept its ultra-easy policy stance unchanged, an outcome that was widely expected by financial markets. "The ECB took some quite big steps a few weeks ago and nothing new was expected today," said Thu Lan Nguyen, an analyst at Commerzbank in Frankfurt.

  • *Disney seals much-awaited deal to buy Fox assets. *Disney CEO Bob Iger extends tenure to oversee integration. Disney shares also edged lower.

  • SANTIAGO, Dec 14- The chance to own a stake in Chile's SQM, one of the world's top lithium producers, has attracted several potential suitors as prices for the so-called white gold- a key ingredient in electric car batteries- have skyrocketed. But the buyer of the 32 percent of SQM being sold by Canadian Potash Corp of Saskatchewan's, which needs to divest the stake as...

  • Dec 14- Countries across energy-rich Central Asia are a long way from readjusting to lower oil prices and will need to carry out large-scale reforms to regain competitiveness, a senior World Bank economist told Reuters in an interview. Failure to do so could undermine ruling elites and create serious political risks, said Hans Timmer, chief economist for the...