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  • *Brent rises above $65 a barrel for first time since June, 2015. SINGAPORE, Dec 12- Brent crude oil prices jumped above $65 per barrel for the first time since 2015 after the shutdown of the Forties North Sea pipeline knocked out significant supply from a market that was already tightening due to OPEC- led production cuts. "Brent crude raced higher... as news broke that...

  • SINGAPORE, Dec 12- Chicago wheat futures slid for a seventh consecutive session on Tuesday, trading near their weakest since early January on pressure from abundant global supplies. The most-active wheat contract on the Chicago Board of Trade was down 0.1 percent at $4.13 a bushel, as of 0224 GMT. Soybeans climbed 0.3 percent to $9.85-3/ 4 a bushel, having earlier...

  • Upbeat China credit figures underpin mood in Asia. The latest promising news came from China where banks doled out a surprisingly generous dose of credit in November, which could bode well for a pick up in retail sales and industrial output due later in the week. MSCI's broadest index of Asia-Pacific shares outside Japan dithered either side of flat having...

  • TOKYO, Dec 12- Japanese stocks edged up on Tuesday morning in choppy trade supported by gains in financial stocks, mining shares and shippers, with investors on tenterhooks ahead of this week's U.S. The Nikkei share average rose 0.1 percent to 22,949.88 in midmorning trade, after opening flat. Shippers' gains were supported after Baltic dry index of freight...

  • SYDNEY, Dec 12- Shanghai base metals futures were mostly higher on Tuesday amid signs that supply cuts linked to an environmental crackdown by Beijing will lead to greater import demand. *The most-traded copper contract on the Shanghai Futures Exchange rose 1.2 percent to 52,200 yuan a tonne. *Three-month copper on the London Metal Exchange was down 0.4 at...

  • SINGAPORE, Dec 12- Brent crude oil prices jumped above $65 per barrel for the first time since 2015 after the shutdown of the Forties North Sea pipeline knocked out significant supplies from a market that was already tightening due to OPEC- led production cuts. It was the first time Brent rose above $65 since June 2015. "Brent crude raced higher... as news broke that the...

  • NEW YORK, Dec 11- Ness Technologies S.A.R.L., a U.S. software engineering company, has sued Chinese conglomerate HNA Group accusing it of failing to adequately answer questions about its ownership in a U.S. review of takeovers by foreign companies, thereby causing their $325 million deal to fail. HNA's Beijing- based subsidiary, Pactera Technology International...

  • Macron unveiled the "Make our Planet Great Again" grants after President Donald Trump in June said he was pulling the United States out of an international accord to reduce greenhouse gas emissions that was brokered in Paris in 2015.. Macron said in a CBS News interview on Monday the U.S. decision to unilaterally quit the Paris accord had provided an impulse for...

  • SYDNEY, Dec 12- U.S. soybean prices inched higher on Tuesday after hitting a nearly one-month low earlier in the session, climbing for the first time in five sessions, though gains were checked by ample global supplies. *The most active soybean futures on the Chicago Board of Trade were up 0.3 percent at $9.85 a bushel by 0124 GMT. They earlier hit their lowest since...

  • *North Sea's Forties pipeline shut after cracks found. SINGAPORE, Dec 12- Brent crude oil prices were near 2015 highs on Tuesday after the unplanned closure of a major North Sea pipeline for repairs, knocking out significant supplies from a market that was already tightening due to OPEC- led production cuts. "Brent crude raced higher... as news broke that the North...

  • BUENOS AIRES/ WASHINGTON, Dec 11- The United States, European Union and Japan are expected to announce a joint effort on Tuesday aimed at confronting China over its excess industrial capacity and other trade practices, a source close to the discussions said. Washington, Brussels and Tokyo have raised complaints about China's subsidies to state-owned...

  • SINGAPORE, Dec 12- The dollar held steady near a recent two-week high versus a basket of major currencies on Tuesday, with traders awaiting the U.S. That was within sight of Friday's peak of 94.087, the highest for the dollar index since Nov. 21. Since a rate hike this week has been priced in by the market, the dollar could sag initially after the Fed's policy...

  • SHANGHAI, Dec 12- Chinese carmaker BAIC Motor Corp aims to stop selling own-branded conventional fuel-powered cars by 2025, the official China Daily said on Tuesday, amid a major push by Beijing to shift automakers towards electric and plug-in hybrid cars. BAIC, which also makes vehicles in partnership with South Korean carmaker Hyundai Motor Co and...

  • SINGAPORE, Dec 12- Brent crude oil prices were near 2015 highs on Tuesday after the unplanned closure of a major North Sea pipeline for repairs, knocking out significant supplies from a market that was already tightening due to OPEC- led production cuts. Brent crude futures, the international benchmark for oil prices, were at $64.73 a barrel at 0105 GMT, up 4 cents...

  • Dec 12- Gold was slightly higher in early trade on Tuesday, having shed half a percent in the previous session, ahead of the start of a two-day Federal Reserve meeting in the United States. *Spot gold was up about 0.1 percent at $1,242.72 an ounce by 0049 GMT, after losing 0.5 percent on Monday. *The European Union needs to consider regulating bitcoin, European Central...

  • LONDON, Dec 11- Hedge fund managers have started to take profits from the big rise in crude oil and refined products prices since June now the rally has lost momentum and inventories are showing signs of stabilising. Portfolio managers cut their combined net long position in the five major futures and options contracts linked to petroleum prices by the...

  • Dec 11- A former Turkish police investigator told jurors in a New York court on Monday of fleeing Turkey in 2016 out of fear of retaliation from the government after leading a corruption investigation involving high-ranking officials, taking his evidence with him. Huseyin Korkmaz, 30, was testifying in Manhattan federal court for U.S. prosecutors in the trial...

  • Dec 11- Exxon Mobil Corp on Monday said it would publish new details about how climate change could affect its business in a move aimed at appeasing critics and forestalling another proxy fight next year. Thomas P. DiNapoli, New York state's comptroller, heads one the two lead sponsors of a shareholder resolution calling for Exxon to issue a climate-impact...

  • Forty-year-old Resit Tavan of Istanbul appeared in U.S. District Court in Milwaukee Monday. The Milwaukee Journal Sentinel reports the indictment alleges they failed to obtain the special licenses needed to get around trade embargoes against Iran in place since 1995. Instead, the defendants allegedly negotiated the export of the engines and generators to...

  • NEW YORK— Citing a Comcast statement, the Wall Street Journal reported that the cable company is no longer in discussions to buy pieces of 21st Century Fox. That could open the door to a Disney bid. Comcast declined to provide its statement to the Associated Press.