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  • TORONTO, Dec 12- U.S. ride-hailing company Lyft Inc on Tuesday launched its service in Toronto, marking the first time it has taken its battle against the much larger Uber Technologies Inc outside of the United States. "This is a monumental day for Lyft," the company's Toronto general manager Tim Houghton told a news conference, before Toronto Blue Jays pitcher...

  • LONDON/ ZURICH, Dec 12- One of the three board members of the Swiss foundation that conducted the online fundraiser for the embattled Tezos cryptocurrency tech project has resigned, Reuters has learned. The departure on Monday of Guido Schmitz-Krummacher, a Swiss legal and management expert, is likely to add further turmoil to the project, which raised $232...

  • BOGOTA, Dec 12- Colombia on Tuesday fined cement companies Cementos Argos, Cemex and Holcim, along with some of its managers, more than 200 billion pesos for fixing prices. The three companies, which represent 96 percent of Colombia's cement market, allegedly agreed to set prices between January 2010 and December 2012, during which time cement prices increased...

  • OTTAWA, Dec 12- Canada said on Tuesday it was scrapping the planned purchase of 18 Boeing Co Super Hornet jets and made clear the U.S. company currently has little chance of winning a larger contract for 88 fighters. Canada will instead buy a second-hand fleet of 18 Australian F-18s, the same planes the Canadian air force already operates, officials told reporters.

  • PARIS, Dec 12- Norway's Prime Minister Erna Solberg on Tuesday said she had no immediate plans to toughen a rule that means a firm generating about a third or more of its income from coal is excluded from the country's $1 trillion sovereign wealth fund. Norway's parliament in 2015 ordered the fund, built on revenues from the country's vast offshore oil and gas...

  • PARIS- NORWAY'S PM SOLBERG SAYS SOVEREIGN WEALTH FUND COAL EXCLUSION CRITERIA IS AT RIGHT LEVEL FOR NOW.

  • Dec 12- Teva Pharmaceuticals Industries Ltd said on Tuesday Yitzhak Peterburg, who previously served as the company's chairman and interim chief executive, resigned from its board, effective immediately.

  • Dec 12- Teva Pharmaceuticals Industries Ltd said on Tuesday Yitzhak Peterburg, who previously served as the company's chairman and interim chief executive, resigned from its board, effective immediately.

  • OTTAWA, Dec 12- Canada on Tuesday announced it was scrapping the planned purchase of 18 Boeing Co Super Hornet jets and made clear the U.S. company currently has little chance of winning a larger contract for 88 fighters.

  • BITCOIN HITS RECORD HIGH OF $17,300 ON BITSTAMP PLATFORM.

  • TREASURY YIELDS PARE RISE SLIGHTLY AFTER $12 BLN 30- YEAR BOND AUCTION.

  • Dec 12- Twitter said on Tuesday it would add a pair of buttons that will allow users to more easily see and add new tweets to existing ones on the same topic. With the new feature, users who create threads stitching tweets together to tell a longer story need no longer reply to previous tweets to do so. It is the latest instance of the social network altering or adding a...

  • SEATTLE, Dec 12- PepsiCo Inc has reserved 100 of Tesla Inc's new electric Semi trucks, the largest known order of the big rig, as the maker of Mountain Dew soda and Doritos chips seeks to reduce fuel costs and fleet emissions, a company executive said on Tuesday. About 260,000 heavy-duty Class-8 trucks are produced in North America annually, according to FTR, an...

  • BUENOS AIRES, Dec 12- Rains expected this weekend in Argentina's main soy and corn growing areas will provide some relief to drought-stricken areas in the country's central farm belt, holding out hope that crop losses may yet be minimal, meteorologists said on Tuesday. Worries about the dry conditions in Argentina lifted Chicago Board of Trade soybean and...

  • USDA pegged soybean 2017-18 ending stocks at 445 million bushels, up 20 million bushels from its November outlook. "South America had a huge crop and they've been flipping them into the market," said Karl Setzer, analyst with MaxYield Cooperative in West Bend, Iowa. "The USDA had been expecting a 3 percent increase and today's numbers show us that USDA is...

  • Dec 12- The S&P and the Dow hit record levels in early afternoon trading on Tuesday as Boeing rose and bank stocks gained ahead of a near certain move by the Federal Reserve to raise interest rate. Boeing rose as much as 3.4 percent to $292.8 after the company said it would raise its quarterly dividend by 20 percent and replace its existing share buyback program...

  • NEW YORK, Dec 12- The U.S. Department of Agriculture forecast domestic sugar production to hit a record in the current 2017-18 crop year as beet supplies swell, reducing the need for imports from top international supplier Mexico. The USDA slightly increased the closely-watched stocks-to-use ratio to 14.3 from last month's 14.1, but it was down from 14.8 in the...

  • BUENOS AIRES, Dec 12- The European Union, United States and Japan will issue a joint statement on Tuesday criticizing countries with too much factory capacity, though it will not directly name China, a major source of concern, EU Trade Commissioner Cecilia Malmstrom said. The move is a rare show of solidarity with the United States at a World Trade Organization...

  • LONDON, Dec 12- Miner and trader Glencore said on Tuesday its battery minerals, especially cobalt, should spur profit in 2017 and beyond in an update for investors that also promised to grow the business, especially through partnerships. It said its marketing, or trading, division's 2017 EBIT would be at the top end of its previous guidance at $2.8 billion, steady...

  • Treasury Secretary Steven Mnuchin on Tuesday a planned tax overhaul in the United States could "seriously" hamper trade and investment flows across the Atlantic. A letter from the Commission to Mnuchin, seen by Reuters, expressing the concerns follows one sent to him on Monday by the finance ministers of Germany, France, Britain, Italy and Spain setting out...