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  • SAO PAULO, Nov 24- The Mexican peso strengthened on Friday after the nation's central bank governor said the currency was undervalued, on a day of quiet activity in Latin American markets. The peso firmed 0.3 percent to 18.6 to the dollar, still weaker than the 17 to 18 pesos per dollar range Central Bank Governor Agustin Carstens considers reasonable.

  • TORONTO, Nov 24- Canada's main stock index rose in morning trading on Friday, led by modest gains for its heavyweight financial and energy sectors in a broad rally that helped put it on track for a 0.7 percent gain for the week. *At 10:00 a.m. EST, the Toronto Stock Exchange's S&P/TSX composite index was up 29.13 points, or 0.18 percent, at 16,103.43.

  • LONDON, Nov 24- Britain's current account deficit, the largest of the world's major economies, is no longer on course to narrow significantly over the next five years, putting sterling at risk of a further big fall, according to government experts. Bank of England Governor Mark Carney warned last year that Britain's dependence on around 100 billion pounds a year...

  • CHICAGO/ NEW YORK, Nov 24- Turnout at U.S. retailers was relatively subdued on Black Friday, with many shoppers flocking to stores eye items in person and enjoy the festive atmosphere while waiting to do their actual bargain hunting online. The day after Thanksgiving is traditionally when retailers offer "doorbuster" deals attracting bargain hunters.

  • COPENHAGEN, Nov 24- The world's largest pork exporter Danish Crown said on Friday its sales to China had fell in the year 2016/ 2017 after a temporary spike in Chinese supplies prompted by the forced closure of some farms due to tighter environmental rules. But the firm said it expected to increase sales to China as demand returns from local consumers for Danish...

  • *Expectations of OPEC extension to oil curbs support prices. U.S. light crude hit $58.92 a barrel, a more than two-year high, before easing to trade up 68 cents on the day at $58.70 by 1424 GMT. The spill on Nov. 16 at the Keystone system linking Alberta's oil sands with U.S. refineries has reduced the usual 590,000 barrel-per-day flow to U.S. refineries, driving down...

  • For many sterling traders, the Dec. 13-14 EU summit marks a critical juncture in the process of Britain leaving the bloc, with some market analysts seeing it as a potential make-or-break moment for the pound. At stake is whether Prime Minister Theresa May can satisfy other EU leaders that Britain has made enough commitments on issues including a financial...

  • A strong labor market, stock markets hitting records and the rising values of homes in the United States have offset inflation in gas and food prices, boosting consumer spending at stores this holiday-shopping season. "We have a five-week marathon ahead of us," Macy's Chief Executive Officer Jeff Gennette told CNBC on Friday, adding that the retailer saw robust...

  • Nov 24- The benchmark S&P 500 and the Nasdaq Composite hit records on Friday, a day after the Thanksgiving holiday, climbing with commodity prices and with retail stocks on signs of a strong start to the holiday shopping season. By Thanksgiving evening, U.S. shoppers had splurged more than $1.52 billion online, a 16.8 percent jump over the same period last year,...

  • LONDON, Nov 24- Uber submitted a request to appeal to the Supreme Court a decision by a British tribunal which said its drivers deserved workers' rights such as the minimum wage, the taxi app said on Friday. Uber appealed to the Employment Appeal Tribunal which ruled against it earlier this month. "We have this afternoon requested permission to appeal directly to...

  • NEW YORK, Nov 24- With the U.S. stock market at a record high and daily stock gyrations near multi-decade lows, some investors have raised concerns about the lack of fear in the market, but U.S. equity options market data suggests investors are far from complacent. "We didn't see it on our desk and no one seems to care much about hedging but somehow it's happening," said...

  • MILAN/ PARIS, Nov 24- Hopes for a settlement in a legal dispute between Mediaset and France's Vivendi over a soured pay-TV deal drove shares in the Italian broadcaster as much as 7.5 percent higher on Friday. The two companies have been at loggerheads since last year after Vivendi backtracked on a deal to buy Mediaset Premium, the pay-TV business of a group...

  • MEXICO CITY, Nov 24- Mexico's economy contracted 0.3 percent in the third quarter versus the previous three-month period, the first contraction in nearly two years, the national statistics agency said on Friday, after hurricanes and earthquakes pounded the country. Mexico was struck by two devastating earthquakes in September and was also hit by hurricanes...

  • Slot machine and table game revenue from casinos in the Finger Lakes, the Southern Tier and Schenectady have fallen short of the rosy revenue projections operators produced when applying for licenses. For instance, Rivers Casino& Resort in Schenectady had gambling revenues of $105 million after nine months, putting it on track to finish short of its minimum...

  • PORTLAND, Maine— The federal government is close to enacting new rules about New England ocean habitat that could mean dramatic changes for the way it manages the marine environment and fisheries. They would change the way the government manages the Gulf of Maine, Georges Bank and southern New England waters, which are critical pieces of ocean for rare whales,...

  • Oil was higher after Bloomberg reported that OPEC and Russia have agreed on an outline for extending production cuts. ConocoPhillips rose 1 percent and Pioneer Natural Resources rose 1.1 percent. TJX Companies rose 1 percent and Amazon.com rose 0.9 percent.

  • *OPEC, Russia meet on Nov. 30 in Vienna. MOSCOW, Nov 24- Russia said on Friday it is ready to support extending a deal among oil producers on cutting output, less than a week before OPEC meets in Vienna to discuss policy, although it has yet to say how long it should be for. Russian Energy Minister Alexander Novak said that Russia would discuss the details of an extension of...

  • *Bond market to close early after Thanksgiving holiday. NEW YORK, Nov 24- U.S. There was a little bit more concern within the committee with the state of inflation and its potential to return to normal levels, said Ian Lyngen, head of U.S. rates strategy at BMO Capital Markets in New York.

  • *Canadian dollar at C $1.2716, or 78.64 U.S. cents. The currency had slipped from a 10- day high on Thursday after tepid retail sales data, but the market could look past that if oil, a major Canadian export, keeps pushing higher and a quarterly economic growth report due next week beats central bank forecasts, according to TD Securities' North American head of foreign...

  • TORONTO, Nov 24- Canada's main stock index moved higher in early trade on Friday and was on track for a 0.7 percent gain for the week, with financial and energy shares leading a broad rise. The Toronto Stock Exchange's S&P/TSX composite index was up 49.74 points, or 0.31 percent, at 16,124.04 shortly after the open. All 10 main sectors were in positive territory.