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  • BENGHAZI, Libya, Dec 19- Libya's internationally recognized Prime Minister Fayez al-Sarraj flew to the southern El Sharara oilfield on Wednesday to meet protesters who have shut down the facility, a government source and a protester said. Officials have been trying to convince the protesters, who include tribesmen demanding development and guards seeking...

  • ABUJA, Dec 19- Nigerian President Muhammadu Buhari presented a 8.83 trillion naira budget for 2019 to parliament on Wednesday, laying out a plan to drive growth two months before an election in which he will seek a second term. The spending plan for Africa's top oil producer assumes crude production of 2.3 million barrels a day and an oil price of $60 per barrel.

  • Dec 19- U.S. utility Sempra Energy said on Wednesday it had signed a 20- year agreement with Poland's state-run gas firm PGNiG to supply 2.7 billion cubic meters of liquefied natural gas annually. The deal comes as the European Union is looking to reduce its reliance on Russia for its gas needs by developing LNG infrastructure to tap other suppliers including...

  • BERLIN/ STOCKHOLM, Dec 19- Volvo has agreed to sell 75.1 percent of WirelessCar, a digital service developer specializing in connected driving, to Volkswagen for 1.1 billion Swedish crowns, the Swedish truckmaker said on Wednesday. The deal will allow Volvo to focus on commercial vehicles, its core business since it sold Volvo Cars in 1999..

  • RIO DE JANEIRO, Dec 19- Brazil's chief federal prosecutor said on Wednesday it had search warrants for eight people involved in the case of a former minister who is alleged to have received bribes from the parent company of meatpacker JBS SA. JBS, the largest meat processor in the world, is controlled by J&F Investimentos, a holding company that belongs to the...

  • Dec 19- General Mills Inc reported quarterly profit above Wall Street estimates, as the Cheerios cereal maker managed to eke out higher margins from cost saving initiatives, sending its shares up nearly 5 percent before the bell on Wednesday. Excluding items, the company earned 85 cents per share, 4 cents above analysts' average estimate. Net earnings...

  • Dec 19- U.S. stock index futures climbed 0.8 percent on Wednesday, with investors hoping the Federal Reserve will give them an early Christmas present by signaling fewer rate hikes given the turmoil in financial markets and rising fears of a recession. A turbulent couple of months have pushed all three major U.S. indexes more than 10 percent below recent highs, to...

  • The company forecast 2019 adjusted profit of $5.90 to $6 per share, compared with average analysts' estimates of $5.82 per share, according to IBES data from Refinitv. Lilly said revenue was expected to be between $25.3 billion and $25.8 billion for the coming year, also above analysts' expectations of $24.43 billion. The Indianapolis- based company also...

  • BERLIN, Dec 19- Germany agreed new rules on Wednesday to lower the threshold for screening and even blocking purchases of stakes in German firms by non-Europeans, in a move to fend off unwanted takeovers by Chinese investors in strategic areas. The decision by Angela Merkel's cabinet is a response to mounting concern that China's state-backed companies are...

  • *Italy strikes budget deal with EU Commission- official. *Italy/ German bond yield gap 10 bps tighter. LONDON, Dec 19- Italy's two-year bond yield hit its lowest level in almost seven months on Wednesday, following news that Italy and the European Union have reached a deal over Rome's contentious 2019 budget.

  • *Italy biggest euro zone govt bond issuer in 2019. *Italy looses out from ECB bond reinvestment plans. All 19 euro zone states will have to adjust to life after ECB quantitative easing, which ends this week, but the pain is likely to be felt most acutely in Italy-- one of the biggest beneficiaries of the more than three-year long ECB bond-buying program.

  • LONDON, Dec 19- Budweiser beer will be brewed in Britain using solar power from 2020 following a 15- year deal signed by brewer Anheuser-Busch InBev and renewable power developer Lightsource BP, the companies said on Wednesday. The solar projects are expected to be completed and connected to Britain's power grid by the end of 2020.. AB InBev, the world's largest...

  • The visits came as regulators in India launched an investigation into J&J's Baby Powder following a Reuters report last Friday that the firm knew for decades that cancer-causing asbestos could be found in the product. "Today, a few of our facilities were visited by the CDSCO and local FDA authorities and we are fully co-operating with them by providing tests...

  • LONDON, Dec 19- Global equity and crude oil markets attempted on Wednesday to claw their way out of a three-day long plunge that saw investors seek out the safety of bonds amid mounting pessimism over world growth. While Brent crude inched up 0.5 percent to $56.5 a barrel after plunging 6 percent overnight, its 35 percent fall since October is sending a...

  • *Fed policy statement due at 1900 GMT. After gaining for the last two sessions, gold was down 0.1 percent at $1,248.11 per ounce a 1101 GMT. The metal had risen to its highest since July 11 at $1,251.39 earlier.

  • BERLIN, Dec 19- Volkswagen said it would take over Volvo's WirelessCar, a Stockholm- based digital service developer, specializing in connected driving. The deal, which still has to be approved by cartel authorities, would make VW a 75- percent shareholder in WirelessCar, the company said on Wednesday, without disclosing financial details.

  • *Italy strikes budget deal with EU Commission- official. *Italy/ German bond yield gap 10 bps tighter. LONDON, Dec 19- Italy's two-year bond yield hit its lowest level in almost seven months on Wednesday, after an Italian official said that Rome had struck a deal with the EU Commission over Rome's contentious 2019 budget.

  • RENAULT- NISSAN EXECS WORKED ON 2010 PLAN TO PAY GHOSN'S DEFERRED INCOME THROUGH ALLIANCE- INTERNAL EMAIL SEEN BY REUTERS.

  • TALLINN, Dec 19- Estonia has made the first arrests in a money laundering scandal involving Denmark's Danske Bank, detaining 10 former employees at the bank's Estonian branch, the state prosecutor said Wednesday. Authorities in Denmark, Estonia, Britain and the United States are investigating payments totalling 200 billion euros made through the Danish...

  • *Debut follows Japan's biggest ever IPO. TOKYO, Dec 19- SoftBank Corp shares sank 15 percent on debut, wiping $9 billion off their value, as investors sold off the telecoms operator after its record IPO on worries about a recent service outage and its exposure to Chinese telecoms gear maker Huawei. The poor start for the unit of tech investment giant SoftBank Group...