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  • WASHINGTON/ CARACAS, Nov 22- Five of six executives of U.S.-based refiner Citgo who were arrested in Caracas this week are U.S. citizens, according to a source familiar with the matter, possibly complicating Venezuela's corruption sweep of the oil industry. "These are people born in Venezuela, they're Venezuelan and they're going to be judged for being corrupt,...

  • The company on Tuesday cut its full-year profit outlook to a range of $2.95 to $3.02 per share, which is still largely above the $2.97 average estimate of analysts who reviewed their expectations following the forecast. Morgan analyst Ken Goldman, who cut his estimate to $2.91. U.S. retailers have been pushing packaged food companies to cut prices as consumers...

  • SYDNEY, Nov 23- Asian shares edged ahead on Thursday as speculation the Federal Reserve might not tighten U.S. policy as aggressively as first thought slugged the dollar and boosted bonds globally. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.15 percent to scale a fresh 10- year peak. Activity was light with Japanese markets closed for a...

  • SACRAMENTO, Calif.— DirecTV will pay $9.5 million to settle allegations that its California facilities unlawfully dumped hazardous waste. They said an investigation found that all 25 DirecTV facilities in California improperly disposed of batteries, electronic devices, aerosol cans and other hazardous materials that ended up in local landfills.

  • SHANGHAI, Nov 23- Police in southern China have detained seven people in connection with an underground banking scheme involving more than 20 billion yuan, the state news agency Xinhua reported. From a suspicious bank account in Shaoguan, a city in Guangdong province, the investigation snowballed to involve a suspected 10,000 people and 148 accounts across...

  • Top Economic Events Polling Unit Diary Today in Washington Political and General News. 23- Nov Sweden Auction of inflation-linked government bonds 27- Nov United States Sale of 2- year notes 27- Nov United States Sale of 5- year notes 27- Nov Italy Zero-coupon/BTPi auction 27- Nov Norway Auction of Treasury bills 28- Nov United States Sale of 7- year notes...

  • Luxembourg- ECB Chief Economist Peter Praet participating in Panel Session I- Investment and investment finance in Europe: a policy perspective, at the Economics Conference 2017 jointly organized by SUERF and the EIB, in Luxembourg- 0835 GMT. PARIS- ECB Executive Board Member Benoit Coeure opening remarks at conference "Economic and Financial Regulation in...

  • LONDON, Nov 23- British car production rose by an annual 3.5 percent in October as an increase in demand from abroad outweighed a decline in output for domestic buyers, an industry body said on Thursday. Factories churned out 157,056 cars last month, with exports rising 5 percent as domestic demand fell 2.9 percent, according to data from the Society of Motor...

  • Luxembourg- ECB Chief Economist Peter Praet participating in Panel Session I- Investment and investment finance in Europe: a policy perspective, at the Economics Conference 2017 jointly organised by SUERF and the EIB, in Luxembourg- 0835 GMT. PARIS- ECB Executive Board Member Benoit Coeure opening remarks at conference "Economic and Financial Regulation in...

  • SAO PAULO, Nov 22- The board of food processor BRF SA has tapped veteran Brazilian executive José Aurélio Drummond Jr to lead a turnaround after a string of losses. Drummond will take over as chief executive officer from Pedro Faria on Dec. 22, according to a securities filing on Wednesday. Faria became CEO of BRF in 2015, after retail tycoon Abilio Diniz,...

  • The streaming video service removed more than 50 user channels in the last week and stopped running ads on over 3.5 million videos since June, YouTube vice president Johanna Wright wrote in a blog post. They have contended that Google must do more to banish and restrict access to inappropriate videos, whether it be propaganda from religious extremists and...

  • CARACAS, Nov 22- Venezuela's government on Wednesday named Asdrubal Chavez, a former oil minister and cousin of the late leader Hugo Chavez, as the new president of U.S.-based refiner Citgo a day after authorities arrested its acting president on corruption accusations.

  • When Uber paid a $100,000 ransom so that hackers who broke into its data warehouse would destroy the personal information they stole, it allowed the ride-sharing company to keep a massive breach of 57 million user and driver accounts secret for nearly a year. Uber spokesman Matthew Wing would not comment when asked how the company knows that the hackers...

  • Nov 22- Saudi Arabia has agreed to buy about $7 billion worth of precision guided munitions from U.S. defense contractors, sources familiar with the matter said, a deal that some lawmakers may object to over American weapons having contributed to civilian deaths in the Saudi campaign in Yemen. Raytheon Co and Boeing Co are the companies selected, the sources said,...

  • VENEZUELA PRESIDENT MADURO NAMES ASDRUBAL CHAVEZ AS NEW CITGO PRESIDENT.

  • BEIJING, Nov 22- China's largest pig farming companies and new entrants are racing to build vast, modern hog farms in the north-eastern cornbelt, expanding the world's biggest pork market and upending traditional trade flows in meat and grain. Many more companies, including the country's biggest pig farmer, Guangdong Wen's Foodstuff Group Co Ltd, are building...

  • SAO PAULO, Nov 22- Brazil's state-run oil company Petróleo Brasileiro SA said on Wednesday that antitrust authority Cade extended by 90 days a deadline to analyze its proposed sale of liquefied natural gas unit Liquigás Distribuidora SA. Petrobras, as the company is known, now expects Cade to be done reviewing the deal by March 5, the company said in a...

  • FRENCH JUDGE FORMALLY PUTS RUSSIAN BILLIONAIRE KERIMOV UNDER INVESTIGATION FOR AGGRAVATED MONEY LAUNDERING- PROSECUTOR.

  • SANTA CRUZ, Bolivia, Nov 22- Venezuelan state-run oil company PDVSA is in contract talks to export natural gas to neighbors Colombia, Trinidad and Tobago, and Aruba, a company official said on Wednesday. Colombia used to export gas to Venezuela through a pipeline. That flow would be reversed if an agreement with Colombia is reached on price, PDVSA's vice president...

  • BRUSSELS, Nov 23- When Theresa May visits Brussels on Friday, EU negotiators will be listening intently for signs the British prime minister is preparing to risk a domestic backlash and raise her offer to secure a Brexit deal in December. European Union officials and diplomats from the other 27 member states involved in the process hope that within a week to 10...