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  • Nickel closed at $11,575 a tonne on Nov. 17, a drop of 10 percent in under two weeks, while Shanghai Futures Exchange contracts also showed a similar decline, dropping 9.5 percent from their peak on Nov. 7 to end at 93,630 yuan a tonne on Nov. 17. In the meantime, steel is where the action is, and given that China represents about half of global steel output, it isn't hard to...

  • Nickel closed at $11,575 a tonne on Nov. 17, a drop of 10 percent in under two weeks, while Shanghai Futures Exchange contracts also showed a similar decline, dropping 9.5 percent from their peak on Nov. 7 to end at 93,630 yuan a tonne on Nov. 17. In the meantime, steel is where the action is, and given that China represents about half of global steel output, it isn't hard to...

  • SINGAPORE, Nov 20- Chicago wheat futures slid on Monday after two sessions of gains with prices weighed down by ample world supplies and stiff competition for U.S. exporters. The Chicago Board of Trade most-active wheat contract slipped 0.3 percent at $4.26 a bushel by 0213 GMT after rising 1.7 percent in the last two sessions. The focus is on Iraq which is seeking...

  • SANTIAGO, Nov 19- Conservative billionaire Sebastian Pinera will face center-left Senator Alejandro Guillier in a runoff for Chile's presidency next month, after a first round vote on Sunday that Pinera won, but with fewer votes than expected. With over 98 percent of votes counted, Pinera, a 67- year-old businessman, had clinched 36.6 percent, falling short of...

  • TOKYO, Nov 20- Japan's Nikkei share average fell on Monday amid losses on Wall Street and a stronger yen, although bargain hunting limited the losses. Toyota Motor Corp rose 0.6 percent and Suzuki Motor Corp gained 0.8 percent after the automakers said they are forming a tie-up to sell electric vehicles in India from around 2020.. Of Tokyo's 33 subindexes, 22 were...

  • MEXICO CITY, Nov 19- Divisions over updating the NAFTA trade deal showed no sign of easing on Sunday as Mexico and Canada signaled they would not offer counterproposals to U.S. demands for far stronger automotive content rules, people with knowledge of the talks said. A source close to the negotiations said Mexico had serious problems with a number of U.S....

  • MELBOURNE, Nov 20- London copper edged up on Monday after a report showing China's property sector, a major metals consumer, remained resilient in October. *CHINA PROPERTY: China's new home prices rose at a slightly faster pace in October after gains had held steady the previous month, as prices remained resilient in the face of falling sales and a tighter...

  • HONG KONG, Nov 20- Internet giant Alibaba Group Holding Ltd said on Monday it would buy an aggregate direct and indirect stake of 36.16 percent in China's top hypermarket operator, Sun Art Retail Group Ltd, for a total HK $22.4 billion. As part of a strategic alliance with Auchan Retail S.A. and Ruentex Group, Alibaba would buy the stake from Ruentex while Auchan...

  • MANILA, Nov 20- Chicago wheat futures edged lower on Monday after a two-day advance, pressured by abundant global supplies, while corn and soybeans steadied after sharp gains in the previous session. *Wheat for December delivery on the Chicago Board of Trade was down 0.6 percent at $4.24-3/ 4 a bushel by 0127 GMT. *Exports of European Union soft wheat in the 2017/ 18...

  • NEW YORK, Nov 19- Goldman Sachs said it expects a tight U.S. labor market and more normal inflation picture will lead the Federal Reserve to hike interest rates four times next year. Four hikes are more than Wall Street has been expecting for 2018. In a Reuters poll, Wall Street's top banks saw the Fed raising borrowing costs three times in 2018..

  • *Spot gold edged down 0.1 percent to $1,293.28 per ounce by 0057 GMT. *Slashing taxes may give the U.S. economy a temporary boost but the "sugar rush" may cause deeper problems ahead, investors at the Reuters Global Investment 2018 Outlook Summit in New York said. *The euro zone economy remains dependent on cheap credit and the European Central Bank is using the...

  • SINGAPORE, Nov 20- Oil markets were tepid on Monday as traders were reluctant to take on big new positions ahead of an OPEC meeting at the end of the month, when the producer club is expected to decide whether to continue output cuts aimed at propping up prices. The Organization of the Petroleum Exporting Countries, together with a group of non- OPEC producers led by...

  • LONDON, Nov 17- Why has tin been shut out of the base metals rally this year? Trading on the London Metal Exchange around $19,400 per tonne, tin is down 7 percent since the start of January. The rest of the metallic pack are up by an average 20 percent.

  • SINGAPORE, Nov 20- The euro hit a two-month low against the yen on Monday, as German Chancellor Angela Merkel's efforts to form a three-way coalition government failed, raising concerns over political uncertainty in the euro zone's largest economy. The decision to meet President Frank-Walter Steinmeier, who has the power to call a new election, signalled that...

  • TOKYO, Nov 20- Asian shares started the week on the back foot on Monday, pressured by a retreat on Wall Street amid tax reform uncertainty while the euro skidded after German coalition talks hit an impasse. MSCI's broadest index of Asia-Pacific shares outside Japan was nearly flat in early trade. The U.S. House of Representatives passed their version of a tax...

  • TOKYO— Japan's trade surplus fell more than 40 percent in October from a year earlier, despite strong growth in exports to China, the U.S. and the EU, as costs for imports of oil, gas and coal surged. Japan's surplus with the U.S. jumped 11 percent to 644.7 billion yen on exports of 1.28 trillion yen. China displaced the U.S. as Japan's biggest export market in October, as...

  • TOKYO, Nov 20- Japan's export growth held steady in October, suggesting that brisk global demand for Japanese cars and electronics will likely carry its economic recovery into the current quarter. The trade figures followed data that showed last week Japan's economy expanded at an annualized rate of 1.4 percent in the third quarter, driven by solid external...

  • TOKYO, Nov 20- Japan's export growth held steady in October, suggesting that brisk global demand for Japanese cars and electronics will likely carry its economic recovery into the current quarter. The trade figures followed data that showed last week Japan's economy expanded at an annualized rate of 1.4 percent in the third quarter, driven by solid external...

  • TOKYO, Nov 20- Shares of Toshiba Corp fell nearly 5 percent early on Monday, a day after the troubled conglomerate said it would raise 600 billion yen from a sale of new shares in a key step that would allow it to stay publicly traded. The plan, reported by Reuters earlier this month, would help Toshiba avoid being delisted even if the $18 billion sale of its prized chip...

  • SANTIAGO, Nov 19- Conservative billionaire Sebastian Pinera will face center-left Senator Alejandro Guillier in a runoff for Chile's presidency next month, after placing first by a wide margin in Sunday's first-round election. With 81.75 percent of votes counted, Pinera, a 67- year-old former president and businessman, had clinched 36.67 percent, falling...