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Wires

  • *Spot gold may break support at $1,274/ oz- technicals. "Given the fact that the December rate hike is almost a done deal, market watchers will look more closely at what is the Fed rhetoric for post-December," said OCBC analyst Barnabas Gan. Fed Chair Janet Yellen said on Monday she would resign her seat on the Fed's Board of Governors once Jerome Powell is confirmed and...

  • European markets were expected to be somewhat more subdued in early trade, with financial spreadbetters expecting Britain's FTSE to open 0.05 percent higher and Germany's DAX and France's CAC to open unchanged. Gains on Wall Street overnight helped MSCI's broadest index of Asia-Pacific shares outside Japan rise 0.8 percent to a fresh decade-high.

  • MEXICO CITY, Nov 21- Negotiators from the United States, Mexico and Canada square off on Tuesday for the last time in a fifth round of talks to rework the North American Free Trade Agreement, with stalemate brewing on a contentious proposal to ramp up regional content for autos. Officials and lobbyists say Mexico and Canada will firmly push back against the U.S....

  • WASHINGTON— Decades after they were banned from the airwaves, Big Tobacco companies return to prime-time television this weekend— but not by choice. Under court order, the tobacco industry for the first time will be forced to advertise the deadly, addictive effects of smoking, more than 11 years after a judge ruled that the companies had misled the public about...

  • SAN FRANCISCO, Nov 21- As part of its $103 billion bid to buy Qualcomm Inc, Broadcom Ltd has hinted that it would make big changes to Qualcomm's patent licensing business, a major cash-cow for the company but a source of bitter conflict with regulators and key customers including Apple Inc.. Patent licenses accounted for some $5.1 billion in pre-tax profits for...

  • HONG KONG, Nov 21- Chinese developers such as China Vanke and Country Garden are increasingly turning to the securitisation market as an alternative fund-raising channel as the onshore bond market remains mostly inaccessible. The issuing of such products more than tripled in the first seven months of this year from a year ago, according to data by China...

  • NEW YORK, Nov 21- New leadership at Puerto Rico's beleaguered electric utility may not be sufficient to compensate for missteps following Hurricane Maria that led to delayed work, recurrent blackouts and more than $500 million in contracts with untested companies now under federal investigation. He faces growing pressure from the U.S. Congress, federal...

  • ANN ARBOR, Mich., Nov 21- Dr. Brian Halloran, a vascular surgeon at St. Joseph Mercy Ann Arbor, starts planning his garden long before spring arrives in southeast Michigan.

  • MEXICO CITY, Nov 21- Negotiators from the United States, Mexico and Canada square off on Tuesday for the last time in a fifth round of talks to rework the North American Free Trade Agreement, with stalemate brewing on a contentious proposal to ramp up regional content for autos. Officials and lobbyists say Mexico and Canada will firmly push back against the U.S....

  • NEW YORK— The Justice Department is suing AT&T to stop its $85 billion purchase of Time Warner, setting the stage for an epic legal battle with the telecom giant. The DOJ said AT&T would be able to charge rival distributors such as cable companies "hundreds of millions of dollars more per year" for Time Warner's programming— payments that would ultimately get...

  • TOKYO, Nov 21- Japan's transport ministry has set up a task force to examine the final inspection process for vehicles sold in the domestic market, after the discovery of improper procedures at Nissan Motor Co and Subaru Corp. Recent revelations that the two automakers had failed to comply with final inspection procedures for decades, with inspectors without...

  • LAUNCESTON, Australia, Nov 21- India is planning to join the Asian rush to boost the use of natural gas over coal, a further sign that the liquefied natural gas market will tighten faster than previously expected. India's state oil refiners Indian Oil, Bharat Petroleum and Hindustan Petroleum aim to raise the contribution of natural gas to between 5 percent and 15...

  • SANTA CRUZ, Bolivia, Nov 21- Top officials of major gas producing countries gathering this week in Bolivia will face a harsh reality: expanding supplies of the fuel are giving global buyers greater sway over purchase and contract terms. This week's Gas Exporting Countries Forum, which aspires to be the OPEC for natural gas suppliers, is expected to draw energy...

  • *Spot gold may break a support at $1,274/ oz- technicals. Spot gold was up 0.2 percent at $1,279.67 per ounce. "Given the fact that the December rate hike is almost a done deal, market watchers will look more closely at what is the Fed rhetoric for post December," OCBC analyst Barnabas Gan said.

  • TOKYO, Nov 21- The dollar gave back some of its gains in Asian trading on Tuesday but stuck close to a one-week high against a basket of currencies as a German political deadlock continued to pressure the euro. The euro edged up 0.1 percent to $1.1739, nursing losses after dropping to $1.1722 in the previous session after German coalition government talks...

  • **The largest percentage gainers in the main Shanghai Composite index were Shanghai Chinafortune Co Ltd up 10.04 percent, followed by SJEC Corp gaining 10 percent and China Enterprise Co Ltd up by 9.06 percent. **The largest percentage losses in the Shanghai index were Baotou Huazi Industry Co Ltd down 9.97 percent, followed by Shandong Xinchao Energy Corp Ltd...

  • SHANGHAI, Nov 21- China's yuan eased slightly against the U.S. dollar on Tuesday, following a weaker official midpoint and strength in the greenback. Prior to market opening on Tuesday, the People's Bank of China set the day's midpoint rate at 6.6356 per dollar, 85 pips or 0.13 percent weaker than the previous fix of 6.6271. The Thomson Reuters/ HKEX Global CNH index,...

  • *Offer unchanged at 3,660 yen per share. TOKYO, Nov 21- Advertising giant WPP PLC on Tuesday said it has agreed to sell its stake in Japanese partner Asatsu-DK Inc to Bain Capital LLC for 3,660 yen a share, heralding the end of a row over the $1.35 billion buyout offer. Apart from WPP, London- based fund manager Silchester International Investors LLP and Hong Kong- based...

  • SINGAPORE, Nov 21- Oil prices were little changed on Tuesday as the impact from expectations of an extended OPEC- led production cut was canceled out by rising output in the United States. The Organization of the Petroleum Exporting Countries, together with a group of non- OPEC producers led by Russia, has been restraining output since the start of this year in a bid...

  • SAN JUAN, Puerto Rico— Whitefish Energy Holdings said late Monday that it was halting work to help restore power in Puerto Rico because the U.S. territory's government has not paid crews as part of a contract that led to accusations of overcharging and incompetence and contributed to the resignation of the power company director. The Associated Press obtained...