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  • LONDON, Dec 12- British trade minister Liam Fox and cabinet office minister David Lidington said they will support Prime Minister Theresa May in a vote of confidence taking place later on Wednesday. "I will support the Prime Minister ztheresatmay tonight," Fox, a prominent supporter of Brexit, said on Twitter. "This is a totally inappropriate time to have a contest.

  • LAGOS, Dec 12- A Nigerian judge adjourned on Wednesday a hearing over an $8.1 billion dispute between South African telecoms giant MTN and the central bank until Jan. 22. The dispute is over the transfer of $8.1 billion of funds which Nigeria's central bank said the company had sent abroad in breach of foreign-exchange regulations. Nigeria is MTN's biggest...

  • LONDON, Dec 12- European shares opened higher on Wednesday and were set for a second day of gains as sentiment towards the Sino-US trade dispute lifted after U.S. The Euro zone STOXXE index was up 0.7 percent at 0829 GMT with most bourses across the continent in the black. Also in Britain, Dixons Carphone, the electricals and mobile phone retailer, lost close to 10...

  • SINGAPORE, Dec 12- Soybean crush margins in China dropped further this week and processors are now suffering their biggest losses in 18 months on dismal domestic demand for animal feed and higher supplies. Crushers in the country's eastern province of Shandong, the hub for soybean processing, are making a loss of 336 yuan a tonne as compared with a negative...

  • ZUBAIR OILFIELD, Iraq, Dec 12- Iraq has increased production at its southern Halfaya oilfield by 100,000 barrels per day to a total of 370,000 bpd, an oil official told Reuters on Wednesday. Iraq's oil ministry is studying offers submitted by several foreign energy companies for the Halfaya gas project, including China Petroleum Engineering& Construction...

  • LIBREVILLE, Dec 12- Gabon's oil workers union said on Wednesday it had called off a strike across all facilities over the layoff of several Total workers. The union, called ONEP, began what it said would be a three-day strike on Tuesday because only four of six fired workers had been reinstated despite demands that they all return to work. Gabon produces about...

  • VANCOUVER, Dec 11- A top executive of Chinese telecoms giant Huawei Technologies Co Ltd was granted bail by a Canadian court on Tuesday, 10 days after her arrest in Vancouver at the request of U.S. authorities sparked a diplomatic dispute. If a Canadian judge rules the case against Meng is strong enough, Canada's justice minister must next decide whether to...

  • *9 month EBIT 3.1 billion euros, up 3 pct on year. MADRID, Dec 12- Zara owner Inditex reported third-quarter profit below analysts' expectations on Wednesday due to currency effects, but the world's largest clothing retailer, maintained sales and margin guidance for the rest of the year. Inditex, with stores from China to Russia, is highly sensitive to exchange rates.

  • *9 month EBIT 3.1 billion euros, up 3 pct on year. MADRID, Dec 12- Zara owner Inditex reported third-quarter profit below analysts' expectations on Wednesday due to currency effects, but the world's largest clothing retailer, maintained sales and margin guidance for the rest of the year. Inditex, with stores from China to Russia, is highly sensitive to exchange rates.

  • SEATTLE, Dec 12- Amazon.com Inc on Wednesday opened a compact version of its cashier-less Amazon Go food stores, broadening its footprint in the bricks-and-mortar world in a move to add shops in places such as office lobbies and hospitals. Located in one of the company's Seattle offices, the eighth Amazon Go store is near the original and a quarter the size, at a...

  • *Spot gold to retest resistance at $1,253/ oz- technicals. Spot gold was down 0.1 percent at $1,242.10 per ounce at 0722 GMT, while U.S. gold futures rose 0.1 percent to $1,247.8 per ounce. Gold is under pressure due to an appreciation in the dollar index, said Amit Kumar Gupta, portfolio management services head at Adroit Financial Services in New Delhi, adding that...

  • *But analysts warn OPEC cuts may not have desired effect. *Trump says trade talks with China ongoing. SINGAPORE, Dec 12- Oil prices rose by around 1 percent on Wednesday amid a stock market rebound and on expectations that an OPEC- led output cut for 2019 would stabilise the supply-demand balance.

  • Dec 12- Former finance ministry official Shaktikanta Das took charge of the Reserve Bank of India on Tuesday, in a swift appointment expected to ease a dispute with the government as it pushes for looser credit rules ahead of a general election. >Moving fast, India names Modi demonetisation backer as cenbank head. >Reserve Bank of India head quits after months of...

  • The logo of Swiss banking giant Credit Suisse is seen on October 17, 2017 in Zurich.

    The bank's announcement comes at the end of a three year revamp under CEO Tidjane Thiam.

  • China has agreed to cut tariffs on U.S.-built cars and auto parts to 15 percent from 40 percent currently, while Trump said talks were taking place with Beijing by phone and he would not raise tariffs on Chinese imports until he was sure about a deal. Trump also said he would intervene in the Justice Department's case against a top executive at China's Huawei...

  • BEIJING, Dec 12- China's Foreign Ministry said on Wednesday that Canada's arrest of Meng Wanzhou, a top executive with Chinese tech giant Huawei, was a mistake from the start, and welcomed any efforts to move the case toward a correct resolution. President Donald Trump said he would intervene with the U.S. Justice Department in the case if it would help secure a...

  • MELBOURNE, Dec 12- Australia is this week set to sign a preliminary deal with the United States to support joint research and development of minerals deemed critical to the U.S. economy, a government minister said on Wednesday. That comes as Washington is looking to diversify its sources of supply for 35 minerals used in smartphones, computers and military...

  • TOKYO, Dec 12- Japan's Nikkei posted its biggest daily gain in more than a month on Wednesday as investors' risk appetite revived on positive developments in Sino-U.S. trade relations. President Donald Trump said on Tuesday that China was buying a "tremendous amount" of U.S. soybeans and that trade talks with Beijing were under way by telephone, with more meetings...

  • ZURICH, Dec 12- Credit Suisse on Wednesday announced a share buyback of up to 1.5 billion Swiss francs in 2019 and plans to increase its dividend by at least 5 percent from 2019 onward, confirming its strategy as it wraps up a three-year revamp under Chief Executive Tidjane Thiam. It aims to operate at a cost base of between 16.5 billion and 17 billion Swiss francs in...

  • BEIJING, Dec 12- If International Crisis Group employee Michael Kovrig was carrying out "relevant activities" for the group in China without it being registered, then he may have broken China's foreign NGO law, China's Foreign Ministry said on Wednesday. Ministry spokesman Lu Kang made the comments at a daily news briefing in Beijing. The ICG, which focuses on...