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Wires

  • LISBON/ MILAN, Dec 15- America's decision to scrap rules designed to ensure a free and open internet leaves the European Union as the biggest market where Net neutrality still prevails-- but critics say the EU is not a level playing field. "In practice, providers are allowed to use their position as gate-keepers to favour certain services, which is detrimental to...

  • SYDNEY, Dec 18- Australian Prime Minister Malcolm Turnbull will reshuffle his cabinet within a day, media said on Monday, a sign the embattled leader hopes to capitalise on a weekend by-election win to refresh his ministry. The changes could include Attorney-General George Brandis quitting parliament to become the high commissioner, or ambassador, to Britain,...

  • *London- cleared rates up on rising expectation of BOJ change. TOKYO, Dec 18- Expectations that the Bank of Japan may tighten policy and steepen the yield curve sooner rather than later are lifting long-dated Japanese interest rates in London, but not at home. The divergence in yen interest rates between London and Tokyo reflects perception gaps between Japanese...

  • Toyota Motor Corp. now offers no purely electric vehicles, although it leads in hybrid models, which switch between an electric motor and a gas engine. Executive Vice President Shigeki Terashi said Monday that Toyota's EVs will be first offered in China, a nation that's encouraging electric vehicles with subsidies and other policies, and is expected to drive...

  • TOKYO, Dec 18- Japanese stocks scored their biggest rise in over a month on Monday with financials and exporters in hot demand, while construction shares bounced after sliding on news that prosecutors had raided the headquarters of at least two builders for alleged antitrust violations. Sentiment was boosted by a strong performance on Wall Street on Friday on...

  • TOKYO, Dec 18- Japanese government bond prices were steady-to-marginally firmer on Monday, helped by expectations that the Japanese government is likely to slice its debt issuance next year, slightly more than expected. Government sources told Reuters late on Friday that Japan is planning to slash the amount of government bond sales to the market by about 7...

  • *North Sea pipeline outage supports Brent crude prices. SINGAPORE, Dec 18- Oil prices rose on Monday amid an ongoing North Sea pipeline outage and signs that booming U.S. crude output growth may be slowing, although the 2018 outlook points to ample supply despite production cuts led by OPEC. at $57.66 a barrel at 0634 GMT, up 36 cents, or 0.6 percent, from their last...

  • *Move comes amid crunch in gas supply in China. *China also plans to purchase more gas overseas. BEIJING, Dec 18- China's state planner on Monday said it had asked national energy majors CNPC, Sinopec and CNOOC to cut natural gas supplies to some industries by a total of about 15 million cubic meters per day.

  • LOS ANGELES, Dec 18- As Amazon.com looks to upend the U.S. grocery market with home delivery, some veteran supermarket operators are betting on a different strategy: curbside pickup. Kroger Co and Walmart Inc are tweaking that formula for groceries. Tony Sacco, who lives in the Los Angeles beach community of Playa Del Rey, is a regular user of the service at a nearby...

  • NEW YORK, Dec 18- Financial advisers and accountants are working overtime as many U.S. taxpayers scramble to pay the rest of their 2017 taxes before Jan. 1 when the proposed Republican tax overhaul would sharply cut the amount they can deduct on federal tax bills. Republicans said on Sunday they expected Congress to pass this week, caps the amount of state, local and...

  • CALGARY, Alberta/ NEW YORK, Dec 18- Canadian oil producers are running out of options to get crude to market as pipeline and rail capacity fills up, driving prices to four-year lows and increasing the risk of firms having to sell cheaply until at least late 2019.. A number of foreign oil majors have left Canada's oil sands to invest in more profitable U.S. shale plays,...

  • NEW YORK, Dec 18- The early hope that stem cell therapy would make the paralyzed walk, the blind see and cure diabetes have given way to a long list of failures, highlighted by early stem cell champion Geron Corp abandoning the field in 2011.. Cleveland- based Athersys, with a market value of about $200 million, demonstrated evidence in a midstage trial that its...

  • BEIJING, Dec 18- Chinese internet giant Tencent Holdings Ltd said on Monday it would lead an $863 million investment in apparel platform Vipshop Holdings Ltd, upping its rivalry in retail with Alibaba Group Holding Ltd.. Tencent will invest $604 million in exchange for a 7 percent stake in Vipshop, while e-commerce firm JD.com Inc- a long-standing ally- will...

  • ATLANTA— A sudden power outage caused by a fire in an underground electrical facility brought the world's busiest airport to a standstill Sunday, grounding more than 1,000 flights in Atlanta just days before the start of the Christmas travel rush. Georgia Power said on its Twitter page late Sunday that power was back in the airport's atrium and several...

  • *$80 bln maglev line to link Tokyo, Nagoya, Osaka. TOKYO, Dec 18- Japanese prosecutors on Monday raided the offices of two of the country's biggest construction firms as they expanded an investigation into suspected collusion over contracts for an $80 billion high-speed magnetic levitation train line. Investigators entered the offices of Shimizu Corp and...

  • TOKYO, Dec 18- Toyota Motor Corp will make more than 10 battery electric car models globally in the early 2020 s, with sales starting in China, the company said on Monday. Toyota will subsequently sell the models in Japan, India, the United States and Europe, it said in a statement. Every Toyota model and luxury-brand Lexus model will either have an electric version or...

  • *Trade balance +113.4 bln yen vs f'cast- 54.9 bln yen- MOF. TOKYO, Dec 18- Japanese exports accelerated sharply in November, yet again pointing to growing momentum in the world's third-biggest economy. "Inflation expectation is in a gradual recovery trend, but a gap between firm economic indicators and weak price indexes remains wide open," said Yuichiro Nagai,...

  • BEIJING, Dec 18- Growth in China's new home prices sustained its momentum in November, with increases seen in provincial centers and smaller cities in a sign policymakers may need to step up curbs to rein in speculation in the property market. China's housing market boom has lasted more than two years, giving the economy a major boost but stirring fears of a...

  • SHANGHAI, Dec 18- China's yuan eased slightly against the U.S. dollar on Monday, dragged lower by a weaker official midpoint and stability in the greenback on optimism over the progress of U.S. tax reform. Prior to market opening on Monday, the People's Bank of China set the midpoint rate at 6.6162 per dollar, 49 pips or 0.07 percent weaker than the previous fix of...

  • *North Sea pipeline outage supports Brent crude prices. SINGAPORE, Dec 18- Oil edged up on Monday, lifted booming U.S. crude output growth may be slowing, although the outlook for oil markets cites ample supplies despite ongoing production cuts led by OPEC. at $57.39 a barrel at 0447 GMT, up 9 cents or 0.2 percent from their last settlement.