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Wires

  • *UK gilts push most euro zone bond yields higher by 1-5 bps. LONDON, Dec 12- Borrowing costs across the euro zone were pushed higher on Tuesday after a jump in UK gilt yields and a rise in oil prices pushed up inflation expectations. UK 10- year bond yields were up 2 basis points to 1.22 percent after the news, pulling euro zone yields off their recent lows.

  • Dec 12- The S&P 500 and the Dow advanced in late morning trade on Tuesday as Boeing's shares hit a record and bank stocks rose ahead of a near certain move by the Federal Reserve to raise interest rate. Boeing rose as much as 3.4 percent to $291.56 after the company said it would raise its quarterly dividend by 20 percent and replace its existing share buyback...

  • *Brent jumps above $65 for first time since mid-2015. LONDON, Dec 12- Britain's biggest pipeline from its North Sea oil and gas fields is likely to be shut for several weeks for repairs, its operator said on Tuesday, disrupting gas flows and sending international crude prices to their highest since mid-2015. The closure has struck during a winter freeze in Britain,...

  • BRUSSELS, Dec 12- Social media giant Facebook said on Tuesday it would start booking advertising revenue locally instead of re-routing it via its international headquarters in Dublin although the move is unlikely to result in it paying much more tax. Tuesday's announcement follows Facebook's April 2016 shift to recording revenues from its large UK sales...

  • FRANKFURT/ LONDON, Dec 12- Three groups have submitted final bids for Finnish power company Elenia Oy, including China Southern Power Grid, Macquarie and Allianz and a consortium of infrastructure and pension investors, sources familiar to the matter said on Tuesday. Elenia, Finland's second-largest power company, could fetch an enterprise value-- debt plus...

  • LONDON, Dec 12- A former technology portfolio manager at BlackRock, William de Gale, will launch a fund with Swiss-based BlueBox Wealth Management with a focus on smaller, less prominent firms. De Gale was one of the best-performing technology fund managers in the world when he left BlackRock in May after nine years in charge of the BGF World Technology Fund,...

  • NEW YORK— Sean Spicer, the former White House press secretary, has a book deal. But don't expect him to criticize his former boss, President Donald Trump. Regnery Publishing, a leading conservative press, announced Tuesday that Spicer's book will come out next summer.

  • LONDON, Dec 12- Nickel is one of the materials expected to win from the coming electric vehicle revolution. Yet that is precisely what Brazil's Vale is doing, removing around 100,000 tonnes of supply over the next two years. While "everyone knows there are great opportunities" for nickel in the EV sector, "prices are not there," according to Vale Chief Executive Fabio...

  • Dec 12- U.S. ride-hailing firm Lyft Inc on Tuesday launched its service in Toronto, the first international market for the rival of much larger Uber Technologies Inc. Lyft is moving outside the United States as Uber faces investigations by governments around the world over its cover up of a massive 2016 data breach. Lyft raised $1 billion in October, in a financing...

  • At a climate summit hosted by French President Emmanuel Macron in Paris, new members of the " Powering Past Coal Alliance" agreed that traditional coal power should be phased out by 2030 in rich nations and by 2050 in other parts of the world. Nations including Sweden, Ethiopia and Latvia, as well as the U.S. state of California, also joined the alliance as part of...

  • At a climate summit hosted by French President Emmanuel Macron in Paris, new members of the " Powering Past Coal Alliance" agreed that traditional coal power should be phased out by 2030 in rich nations and by 2050 in other parts of the world. Nations including Sweden, Ethiopia and Latvia, as well as the U.S. state of California, also joined the alliance as part of...

  • CALGARY, Alberta, Dec 12- The operational date for Enbridge Inc's C $8.2 billion Line 3 pipeline replacement project is uncertain and could be as late as November 2019, the company said on Tuesday.

  • DALLAS— Exxon says it will give more details about how climate change could affect its business. At Texas- based Exxon Mobil Corp.' s annual meeting in May, the company opposed a similar resolution by a New York state retirement fund. Exxon shares rose 21 cents to $83.24 in trading Tuesday morning.

  • *U.S. to sell $12 billion 30- year bond at 1 p.m.. Treasury yields rose on Tuesday as investors reduced their debt holdings in advance of a $12 billion auction of 30- year government bonds and after stronger-than-forecast data on producer prices in November. "The focus for the market right now will be on the data and the Fed," said Subadra Rajappa, head of U.S. rates...

  • WASHINGTON, Dec 12- U.S. producer prices rose in November as gasoline prices surged and the cost of other goods increased, leading to the largest annual gain in nearly six years. The fairly strong report from the Labor Department on Tuesday suggested a broad acceleration in wholesale price pressures, which could assuage concerns among some Federal Reserve...

  • Dec 12- Digital currency exchange operators Coinbase and Bitfinex reported problems with service through their websites on Tuesday, frustrating traders seeking to cash in on the latest surge in the value of bitcoin and other cryptocurrencies. Wallet-provider Coinbase's website showed "service unavailable" early on Tuesday U.S. time, flashing a message...

  • BERLIN— The European Union has cleared easyJet's planned acquisition of part of bankrupt German airline Air Berlin. Air Berlin, which was Germany's second-biggest airline, ended operations in late October. EasyJet, which currently operates flights to and from Berlin's Schoenefeld airport, plans to start using the more central Tegel airport as well from next...

  • AMSTERDAM, Dec 12- The Dutch subsidiary of Russia's Alfa Bank, owned by billionaire Mikhail Fridman, was searched last week as part of an investigation into possible money laundering, the Dutch financial crimes prosecutor said on Tuesday. ATB, part of the Alfa Bank Group, serves private clients in Russia and other parts of the former Soviet Union and had total...

  • US DOLLAR INDEX RISES TO 94.18, HIGHEST SINCE NOVEMBER 14.

  • BOSTON, Dec 12- New York State Comptroller Thomas DiNapoli plans to withdraw a shareholder proposal it had filed for Exxon Mobil Corp annual meeting next year, his office said in a press release on Tuesday.