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  • HOUSTON/ DUBAI, Nov 20- As Venezuela's dilapidated energy sector struggles to pump enough crude oil to meet the country's OPEC output target, rival producers within the exporters group have started to plug the gap, OPEC and industry sources said. Some OPEC members expect the fall to accelerate in 2018, reaching at least 300,000 bpd, OPEC sources said.

  • MELBOURNE, Nov 20- London copper was little changed on Monday after a report showed China's property sector, a major metals consumer, remained resilient in October but a stronger dollar capped gains. 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...

  • TOKYO, Nov 20- Toshiba Corp's plan to raise some $5.4 billion through a sale of new shares will help it avoid a delisting, but will also see more 30 overseas investors, including activist funds, own 35 percent of the embattled conglomerate. That in turn gives it the funds to return to positive net worth by the end of the financial year in March, as an $18 billion sale of...

  • 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...

  • SHANGHAI, Nov 20- China's yuan weakened against the U.S. dollar on Monday, dragged lower by strength in the greenback in overseas market even as the central bank set firmer guidance for the Chinese currency. "Post-19th Party Congress and Trump's visit to China, RMB became less event-driven and more market-oriented. This means that RMB will continue its two way...

  • 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, stoking political uncertainty in the euro zone's largest economy. The development leaves Germany with two unprecedented options in the post-World War Two era: Merkel forms a minority...

  • *Spot gold may retest resistance at $1,298 per ounce- technicals. "Much of this will depend on the progress that the U.S. tax bill makes in the Senate. President Donald Trump would not insist on including repeal of an Obama-era health insurance mandate in a bill intended to enact the biggest overhaul of the tax code since the 1980 s, a senior White House aide said on...

  • *UBS AM launches onshore China fund, sees opportunities. SHANGHAI, Nov 20- China stocks skidded on Monday after Beijing set sweeping new guidelines to regulate asset management products, which analysts said will dampen investors' appetite for riskier assets. Shanghai's benchmark index SSEC tumbled as much as 1.4 percent to a two-month low, before recouping...

  • Nov 20- Waste coffee grounds will be used to help fuel some of London's buses, Royal Dutch Shell and clean technology company bio-bean said on Monday. A new biofuel, which contains part coffee oil, is being added to the London bus fuel supply chain where it can be used without the need for modification, the companies said in a statement. Transport for London has been...

  • *China shares slide on sweeping asset management rules. TOKYO, Nov 20- Asian shares eased on Monday, with investor sentiment hurt by a retreat on Wall Street and sliding Chinese stocks, while the euro skidded after German coalition talks hit an impasse. China stocks fell sharply after Beijing set sweeping new guidelines to regulate asset management products.

  • 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...

  • SHANGHAI, Nov 20- China stocks fell sharply on Monday and were heading for their biggest daily loss in three months after Beijing set sweeping new guidelines to regulate asset management products, which analysts said will dampen investors' appetite for riskier assets. Shanghai's benchmark index SSEC tumbled over 1 percent to a two-month low, while China's...

  • Nov 19- Maria Contreras-Sweet, the former head of the U.S. Small Business Administration, has submitted an offer to acquire the Weinstein Co, a spokeswoman for the U.S. film and TV studio said on Sunday. The bid comes after the movie studio secured a $20 million cash infusion from the sale of the childrens movie "Paddington 2" last week to Warner Brothers Pictures, a...

  • TOKYO— Asian shares fell in muted trading Monday ahead of the Thanksgiving holidays in the U.S., as gloom carried over from Friday's retreat on Wall Street. KEEPING SCORE: Japan's benchmark Nikkei 225 index lost 0.6 percent to 22,271.35. JAPAN TRADE: Japan's trade surplus fell more than 40 percent in October from a year earlier, despite strong growth in exports to...

  • BEIJING, Nov 20- Internet giant Alibaba Group Holding Ltd said on Monday it would invest HK $22.4 billion for a major stake in China's top hypermart operator, Sun Art Retail Group Ltd, part of a wider push into offline retail. The alliance would target opportunities in China's $500 billion food retail sector, as Alibaba races to build big-data capabilities in the...

  • 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...