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  • TEL AVIV, Dec 13- Israel- based Teva Pharmaceutical Industries will unveil a restructuring plan on Thursday that will include laying off more than half its Israeli workforce, the Calcalist financial news website said. Saddled with nearly $35 billion in debt since acquiring Allergan's Actavis generic drug business for $40.5 billion, Teva made a series of...

  • *Tuesday's USDA report gave new record for global stocks. *Corn steady, USDA hike to ethanol use lends support. In a monthly report on Tuesday, the USDA offered few surprises to grain markets as it confirmed large global inventories and adjusted its U.S. supply and demand outlook to factor in tough competition for U.S. exports and strong ethanol demand for corn.

  • NEW DELHI, Dec 13- India's federal tax authority is investigating bitcoin exchanges to try and find a way to tax transactions, an official said on Wednesday, even as its central bank has warned against dealing in virtual currencies. Thousands of transactions are taking place every day in unregulated cryptocurrency exchanges and the Income Tax Department has...

  • LONDON, Dec 13- Indonesian state-run toll road operator Jasa Marga issued the country's first London- listed, rupiah-denominated bond on Wednesday, with one government official saying other companies and the government itself could follow suit. Jasa Marga raised four trillion rupiah via the issue which has been dubbed a "Komodo" bond after the Komodo dragon, a...

  • *Amazon gaining market share in fashion. BERLIN, Dec 13- Europe's top online-only fashion retailer Zalando is stepping up its fast-growing brand partnerships program, building on ties with the likes of Nike and Superdry to repel the challenge of U.S. interloper Amazon. Launched in Berlin in 2008, Zalando has grown fast to sell almost 2,000 brands in 15 countries...

  • TOKYO— A court has ruled that a nuclear reactor in southwestern Japan should not operate because it's too close to an active volcano and could be affected by a major eruption. The Hiroshima high court's decision Wednesday is likely to force the Unit 3 reactor at the Ikata nuclear plant in Ehime prefecture to stay offline after its regular inspection ends in...

  • ATLANTA— Six months after flames enveloped a high-rise in London and prompted concerns about the safety of other buildings worldwide, a U.S.-based fire prevention group has developed a tool aimed at making buildings safer. The National Association of State Fire Marshals' research foundation this week announced that its free risk evaluation tool will be...

  • LONDON, Dec 13- OPEC expects the world oil market to be balanced by late 2018 as its deal with other producers to cut output reduces excess oil in storage, even as U.S. and other producers outside the group pump more crude. The report follows the Nov. 30 decision by OPEC, Russia and several other non- OPEC producers to extend their oil output-cutting deal until the end of...

  • LONDON, Dec 13- A decade-long, post-financial crisis deterioration in governments' credit ratings looks set to end in 2018, S&P Global said on Wednesday. For the first time since March 2008, the balance of rating' outlooks'- which give an indication of the direction of travel of a rating- is positive, albeit only minimally so. "This suggests that the slow but inexorable...

  • MOSCOW, Dec 13- Russian energy group Rosneft told the Luxembourg- based European General Court on Wednesday that European Union sanctions on Russia aimed to undermine its position on global energy markets and favored its competitors. The sanctions include restrictions on the supply of goods and services for use in the Arctic, deepwater and shale projects and...

  • MOSCOW, Dec 13- Russian energy group Rosneft told the Luxembourg- based European General Court on Wednesday that European Union sanctions on Russia aimed to undermine its position on global energy markets and favoured its competitors. The sanctions include restrictions on the supply of goods and services for use in the Arctic, deepwater and shale projects...

  • BRUSSELS— The European Parliament narrowly defeated plans to ban an additive that is considered key in industrial meats for the popular doner kebab. Needing an absolute majority of at least 376 votes for a ban on phosphates, the legislature fell 3 votes short on Wednesday. The decision had been hotly awaited by the doner kebab industry, which says it needs the...

  • Dec 13- Diebold Nixdorf Inc, one of the world's largest ATM makers, said on Wednesday that President and Chief Executive Andreas Mattes is stepping down, effective immediately. Diebold said Chief Financial Officer Christopher Chapman and Chief Operating Officer Juergen Wunram will serve as interim co-presidents and co-CEOs. The company also reaffirmed its...

  • Greece's Supreme Court has ruled in favor of a request to extradite a Russian cybercrime suspect to the United States to stand trial for allegedly laundering billions of dollars using the virtual currency bitcoin. Alexander Vinnik made his final appearance at an Athens court Wednesday amid an ongoing legal battle between the U.S. and Russia, who are both...

  • Expect the Fed to continue to raise interest rates next year and should see more than the market is currently pricing, "said Nick D'Onofrio, managing partner at North Asset Management, a hedge fund in London. President Donald Trump's tax cut plans and other economic agenda may be harder to push through following Tuesday's victory for Democrat Doug Jones in the...

  • Expect the Fed to continue to raise interest rates next year and should see more than the market is currently pricing, "said Nick D'Onofrio, managing partner at North Asset Management, a hedge fund in London. President Donald Trump's tax cut plans and other economic agenda may be harder to push through following Tuesday's victory for Democrat Doug Jones in the...

  • BRASÍLIA, Dec 13- Brazilian police raided the offices and homes of two members of Congress on Wednesday in the latest corruption probe as the government makes a last-ditch effort to vote on an overhaul of the country's costly pension system. Two lawmakers from Tocantins, Dulce Miranda and Carlos Gaguim, are implicated in the investigation, police said.

  • *Poland's relations with EU soured by disputes. WARSAW, Dec 13- Poland's new prime minister faces a difficult balancing act trying to repair bruised relations with the European Union without alienating the eurosceptic government's core voters. A Western-educated former banker who is fluent in German and English and was sworn in on Monday, Mateusz Morawiecki...

  • WARSAW, Poland— The jury of Poland's main journalism award has condemned the imposition by a state regulator of a fine on a private American-owned television station for its coverage of 2016 anti-government protests. The jurors of the Grand Press award also called on the regulator, the KRRiT, to cancel the nearly 1.5 million zlotys fine it imposed Monday on the...

  • Dec 13- EQT Corp on Wednesday said it expected to spend 60 percent more on its capital budget in 2018 after it became the biggest U.S. natural gas producer when it completed its acquisition of Rice Energy last month. Pittsburgh, Pennsylvania- based EQT said it expects to spend $2.4 billion next year compared with $1.5 billion earmarked for 2017 in March.