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  • ZURICH, Jan 16- Denmark's DSV launched a bid to buy Swiss logistics company Panalpina for around 4 billion Swiss francs, according to Reuters calculations, after pressure from an activist investor for Panalpina to do a deal. Activist investor Cevian Capital, which owns 12.3 percent of Panalpina shares, said last year it wanted the company to be open for a takeover...

  • LONDON, Jan 16- Britain's top share index was expected to open slightly lower on Wednesday after lawmakers defeated Prime Minister Theresa May's deal to leave the European Union by a crushing margin overnight, deepening political and market uncertainty. The FTSE 100 was seen opening 3 points lower and underperforming its European peers, according to...

  • HOUSTON, Jan 16- Buoyed by concluding a big pay raise for steel workers last month, a United Steelworkers union top negotiator squares off on Wednesday against oil companies seeking to win a 24 percent wage hike for 30,000 refinery and chemical employees. The union's co-negotiator, USW International Vice President Tom Conway, is a 6- foot-tall former Bethlehem...

  • But in Washington, the move remains a public relations crisis that threatens to derail a methodical effort by Chief Executive Mary Barra to keep GM in good graces with the White House and other politicians. Representative Debbie Dingell, a Democrat from southeast Michigan and former GM employee, said at the time that GM had become "the most thoroughly disliked...

  • HONG KONG, Jan 16- China's yuan softened on Wednesday in response to a stronger dollar overnight, giving back some of its gains made in the precious session after policymakers pledged more support for the cooling Chinese economy. With tax payments peaking, "the banking system's overall liquidity is falling rapidly," The People's Bank of China said in a statement...

  • LOS ANGELES, Jan 15- Some 30,000 Los Angeles teachers on strike for higher pay, smaller classes and more staff walked picket lines in the rain for a second day on Tuesday as Mayor Eric Garcetti embraced their cause while trying to nudge the two sides back to the bargaining table. There was no immediate word in response from either the mayor's office or LAUSD, which...

  • SAN FRANCISCO, Jan 15- Facebook Inc told Reuters on Tuesday that it would extend some of its political advertising rules and tools for curbing election interference to India, Nigeria, Ukraine and the European Union before significant votes in the next few months. Beginning on Wednesday in Nigeria, only advertisers located in the country will be able to run...

  • Jan 16- Hedge fund D.E. Shaw Group said on Wednesday it appointed company veteran Ruvim Breydo as the co-chief investment officer of its institutional asset management arm D.E. Shaw Investment Management. Breydo, who has been with the firm for more than two decades, will report to Max Stone, a member of the group's four-person executive committee.

  • *China pork prices "very likely" to rise in H2- govt official. *China battling African swine fever, has culled 900,000 pigs. Pork prices in China are "very likely" to rise in the second-half of 2019 as the number of pigs has been falling, Tang Ke at the Ministry of Agriculture and Rural Affairs said on Wednesday.

  • SYDNEY, Jan 16- U.S. soybean futures rose 0.5 percent on Wednesday, rebounding from a two-week low in the previous session, although gains were checked amid concerns over a prolonged trade war between Washington and Beijing. The most active soybean futures on the Chicago Board Of Trade rose 0.5 percent to $8.97-1/ 4 a bushel by 0431 GMT, having closed down 1.1...

  • SHANGHAI, Jan 16- China's main stock indexes edged lower on Wednesday amid ongoing uncertainty about growth outlook, but resilient home prices and government efforts to boost the economy kept declines in check. **China's blue-chip CSI300 index fell 0.09 percent, with its financial sector sub-index lower by 0.06 percent and the healthcare sub-index up 1.04...

  • *Signs of economic slowdown in Asia, U.S. and Europe. *Surging U.S. production could erode OPEC efforts. SINGAPORE, Jan 16- Oil prices were steady on Wednesday as signs of a global economic slowdown were countered by OPEC- led supply cuts which helped support Brent crude futures above $60 per barrel.

  • TOKYO, Jan 16- Japanese government bond prices eked out gains on Wednesday, buoyed by a drop in Tokyo stocks that stoked investor appetite for safe-haven debt. The five-year JGB yield fell 1 basis point to minus 0.155 percent and the 10- year yield dipped half a basis point to 0.005 percent. With the broader bond market on the front foot, Wednesday's 2 trillion yen...

  • LOS ANGELES, Jan 15- Los Angeles Mayor Eric Garcetti is working to bring negotiators for 30,000 striking teachers and the nation's second-largest school district back to the bargaining table for the first time since talks collapsed last week, the head of the teachers union said on Tuesday. United Teachers Los Angeles President Alex Caputo-Pearl said in a...

  • LOS ANGELES MAYOR WORKING WITH BOTH SIDES IN 2- DAY-OLD TEACHERS STRIKE TO RESUME STALLED LABOR TALKS- TEACHERS UNION PRESIDENT.

  • *MSCI's Asia-Pacific ex- Japan index down slightly. *Wall St also helped by China stimulus hopes, dovish Fed comments. TOKYO, Jan 16- Asian shares took a breather on Wednesday after rallying the previous day on Chinese stimulus hopes, with investors assessing Brexit options after British lawmakers trounced Prime Minister Theresa May's deal to withdraw Britain...

  • *Move comes as China signals more stimulus ahead. SHANGHAI, Jan 16- China's central bank on Wednesday made its biggest daily net cash injection via reverse repo operations on record, more evidence that authorities are shifting to policy easing to counter a slowdown in the world's second largest economy. In open market operations, the People's Bank of China...

  • LOS ANGELES, Jan 15- Some 30,000 striking Los Angeles teachers demanding higher pay, smaller classes and more support staff from the nation's second-largest school district walked picket lines for a second day on Tuesday, with no new talks on the horizon. The strike, shattering 30 years of labor peace by Los Angeles teachers, has not completely idled instruction...

  • *Cosmetic firms, other China- related shares hit hardest. TOKYO, Jan 16- Japanese shares slid on Wednesday as investors took money off the table after a three-week rally, led by heavy losses for companies with exposure to China's economy a day after they enjoyed a boost from Chinese stimulus hopes. Despite small gains on Wall Street the previous day, the Nikkei share...

  • *Surging U.S. production could erode OPEC efforts. SYDNEY/ SINGAPORE, Jan 16- Oil prices dipped on Wednesday on increasing signs of a global economic slowdown, although OPEC- led supply cuts helped support Brent crude above $60 per barrel. Adding to the trade woes, the U.S. economy is taking a larger-than-expected hit from a partial government shutdown, White House...