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Wires

  • 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...

  • *MSCI ex- Japan up 0.5 pct, well above recent 2- month trough. SYDNEY, Dec 11- The craze for cryptocurrencies entered a new chapter on Monday as bitcoin futures rocketed by one-fifth of their value at a hotly anticipated launch, while Asian shares climbed amid optimism about global growth. The most-traded contract on the Chicago- based CBOE Global Markets exchange...

  • EXCLUSIVE: DELAY SEEN AS BLOW TO CONFIDENCE IN SUU KYI'S ECONOMIC MANAGEMENT.

  • YANGON, Dec 11- Myanmar will delay a long-awaited reform that would open the door further to foreign investment, two officials told Reuters, a move likely to disappoint cash-starved businesses amid growing doubts over the management of the economy by the country's leader, Aung San Suu Kyi. The postponement of the corporate reform, which would have allowed...

  • EXCLUSIVE: MYANMAR LAW WOULD HAVE OPENED DOOR FURTHER TO FOREIGN INVESTMENT.

  • EXCLUSIVE: MYANMAR TO DELAY IMPLEMENTATION OF NEW CORPORATE REFORM LAW.

  • BEIJING, Dec 11- China's vehicle sales in November rose 0.7 percent from a year earlier to 2.96 million vehicles, marking a sixth consecutive month of gains, an industry association said on Monday. That took year-to-date volume to 25.8 million vehicles, up 3.6 percent from the same period a year ago, data from the China Association of Automobile Manufacturers...

  • *Aramco has raised prices for all crude oil grades to Asia in Jan. TOKYO/ SINGAPORE, Dec 11- Saudi Arabia, the world's top oil exporter, will supply full contractual volumes of crude to five North Asian refiners in January, unchanged from the previous month, five sources with direct knowledge of the matter said on Monday. Steady supply of Saudi oil to Asia will help meet...

  • VANCOUVER, Dec 11- Canadian developers of cobalt and lithium mines stand to benefit from a round of investments from the makers of electric vehicles and the batteries powering them, a potential game-changer for small miners short on money to develop deposits of these critical battery ingredients. It is a function of demand-supply imbalance, "said John...

  • CHICAGO, Dec 11- Monsanto Co will give cash back to U.S. farmers who buy a weed killer that has been linked to widespread crop damage, offering an incentive to apply its product even as regulators in several U.S. states weigh restrictions on its use. The United States faced an agricultural crisis this year caused by new formulations of dicamba-based herbicides,...

  • Oct. 24- Lithium-ion battery chemicals producer Wuxi Baichuan Chemical Industry Co. said it would acquire a 10 percent stake in lithium mining company Metalstech Ltd for A $1.8 million in a bid to ensure sufficient supplies for the development of its lithium battery business in future. Oct. 19- China's Jiangxi Special Electric Motor Co Ltd, which makes electric...

  • WASHINGTON, Dec 11- Incoming Federal Reserve chair Jerome Powell, chosen by U.S. Powell in statements throughout the year, culminating with his recent Senate confirmation hearing, has been clear he sees little risk of inflation that would prompt the Fed to raise rates faster than expected, and takes weak wage growth as a sign that sidelined workers remain to be...

  • TOKYO, Dec 11- Japanese government bond prices dipped slightly on Monday, though most investors stayed on the sidelines ahead of upcoming auctions and the U.S. Federal Reserve's policy meeting later in the week. Market players said the main focus for the week is an auction of 2.2 trillion yen five-year JGBs on Tuesday and 1.0 trillion yen 20- year JGBs on Thursday,...

  • REUTERS POLL- SOUTH AFRICA INFLATION EXPECTED TO AVERAGE 5.3 PCT IN 2017, 5.2 IN 2018.

  • JOHANNESBURG, Dec 11- South Africa's economy needs political support to maintain upward momentum into next year, a Reuters poll found on Monday, just days before a conference of the ruling African National Congress. South Africa's economy expanded 2.0 percent quarter-on-quarter on a seasonally adjusted annual rate in the third quarter as agriculture...

  • REUTERS POLL- SOUTH AFRICA GDP GROWTH SEEN AT 0.9 PCT IN 2017, 1.2 PCT IN 2018.

  • REUTERS POLL- SOUTH AFRICA REPO RATE TO STAY AT 6.75 PERCENT UNTIL MID-2019 AT LEAST.

  • NEW YORK— Some women, and men, worry the same climate that's emboldening women to speak up about sexual misconduct could backfire by making some men wary of female colleagues. "I have already heard the rumblings of a backlash:' This is why you shouldn't hire women,'" Facebook chief operating officer Sheryl Sandberg wrote in a recent post. Ana Quincoces, a Miami- based...