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  • SINGAPORE, Dec 12- The dollar held steady near a recent two-week high versus a basket of major currencies on Tuesday, with traders awaiting the U.S. That was within sight of Friday's peak of 94.087, the highest for the dollar index since Nov. 21. Since a rate hike this week has been priced in by the market, the dollar could sag initially after the Fed's policy...

  • SHANGHAI, Dec 12- Chinese carmaker BAIC Motor Corp aims to stop selling own-branded conventional fuel-powered cars by 2025, the official China Daily said on Tuesday, amid a major push by Beijing to shift automakers towards electric and plug-in hybrid cars. BAIC, which also makes vehicles in partnership with South Korean carmaker Hyundai Motor Co and...

  • SINGAPORE, Dec 12- Brent crude oil prices were near 2015 highs on Tuesday after the unplanned closure of a major North Sea pipeline for repairs, knocking out significant supplies from a market that was already tightening due to OPEC- led production cuts. Brent crude futures, the international benchmark for oil prices, were at $64.73 a barrel at 0105 GMT, up 4 cents...

  • Dec 12- Gold was slightly higher in early trade on Tuesday, having shed half a percent in the previous session, ahead of the start of a two-day Federal Reserve meeting in the United States. *Spot gold was up about 0.1 percent at $1,242.72 an ounce by 0049 GMT, after losing 0.5 percent on Monday. *The European Union needs to consider regulating bitcoin, European Central...

  • LONDON, Dec 11- Hedge fund managers have started to take profits from the big rise in crude oil and refined products prices since June now the rally has lost momentum and inventories are showing signs of stabilising. Portfolio managers cut their combined net long position in the five major futures and options contracts linked to petroleum prices by the...

  • Dec 11- A former Turkish police investigator told jurors in a New York court on Monday of fleeing Turkey in 2016 out of fear of retaliation from the government after leading a corruption investigation involving high-ranking officials, taking his evidence with him. Huseyin Korkmaz, 30, was testifying in Manhattan federal court for U.S. prosecutors in the trial...

  • Dec 11- Exxon Mobil Corp on Monday said it would publish new details about how climate change could affect its business in a move aimed at appeasing critics and forestalling another proxy fight next year. Thomas P. DiNapoli, New York state's comptroller, heads one the two lead sponsors of a shareholder resolution calling for Exxon to issue a climate-impact...

  • Forty-year-old Resit Tavan of Istanbul appeared in U.S. District Court in Milwaukee Monday. The Milwaukee Journal Sentinel reports the indictment alleges they failed to obtain the special licenses needed to get around trade embargoes against Iran in place since 1995. Instead, the defendants allegedly negotiated the export of the engines and generators to...

  • NEW YORK— Citing a Comcast statement, the Wall Street Journal reported that the cable company is no longer in discussions to buy pieces of 21st Century Fox. That could open the door to a Disney bid. Comcast declined to provide its statement to the Associated Press.

  • *Upbeat China credit figures underpin mood in Asia. SYDNEY, Dec 12- Asian shares were trying to string together a fourth session of gains on Tuesday as optimism about global growth looked set to outlast an almost certain hike in U.S. borrowing costs this week. MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.06 percent, having rallied for...

  • Top Economic Events Polling Unit Diary Today in Washington Political and General News. 12- Dec Spain Auction of 3- and 6- month Treasury bills 12- Dec United States Sale of 30- year bond 12- Dec Germany Auction of 2- year Treasury notes 12- Dec Italy Bills auction 12- Dec Japan Auction of 5- year government bonds 12- Dec Belgium Auction of Treasury bills 13- Dec...

  • Dec 11- Ratings agency S&P Global lowered Colombia's long-term foreign currency sovereign credit rating by a notch to BBB-minus, citing the South American country's weakened policy flexibility. Colombia's economy continues to suffer from the effects of lower commodity prices, reflected in its high level of external debt, the ratings agency said in a...

  • FRANKFURT- European Central Bank President Mario Draghi gives speech on the occasion of the closing of the Cultural Days and the handover from Spain to Lithuania organised by the ECB in Frankfurt, Germany- 1900 GMT. FRANKFURT- ECB Governing Council meeting. TOKYO- BOJ Governor Kuroda delivers brief speech at year-end party of private economists- 0900 GMT.

  • FRANKFURT- European Central Bank President Mario Draghi gives speech on the occasion of the closing of the Cultural Days and the handover from Spain to Lithuania organized by the ECB in Frankfurt, Germany- 1900 GMT. FRANKFURT- ECB Governing Council meeting. TOKYO- BOJ Governor Kuroda delivers brief speech at year-end party of private economists- 0900 GMT.

  • PARIS, Dec 11- Emmanuel Macron plans to award multi-year grants for several U.S.-based scientists to relocate to France, his office said on Monday on the eve of a climate summit hosted by the president to raise finances to counter global warming. Macron unveiled the "Make our Planet Great Again" grants after President Donald Trump in June said he was pulling the...

  • RABAT, Dec 11- Morocco said on Monday it had signed deals for 26 auto industry projects worth a total of 1.23 billion euros as it seeks to build its position as an international hub for the sector. The projects announced on Monday are with companies from France, Spain, Italy, China, South Korea, Japan and the United States, and are expected to create more than 11,500 jobs,...

  • NEW YORK— Toymaker Mattel Inc. is warning that its holiday sales are being hurt by the struggles of some of its key brands and by retailers tightening their inventories. The outlook, made in a regulatory filing Monday, comes two weeks before Christmas and marks the latest in a string of challenges for the nation's largest toy retailer. The company based in El...

  • The animated flick earned $18.5 million this weekend, and the only new wide release, "Just Getting Started" starring Morgan Freeman, opened in 10th place with a lackluster $3.2 million. Holdovers mostly populated the top five, with " Justice League" in second place with $9.7 million, "Wonder" in third with $8.4 million, and "Thor: Ragnarok" in fifth place with $6.3 million.

  • Dec 11- Comcast Corp said on Monday it had abandoned its bid for most of the assets of Rupert Murdochs Twenty-First Century Fox Inc, leaving Walt Disney Co as the sole suitor in pursuit of the $40 billion- plus deal. Sources told Reuters last week that Disney was in the lead to acquire the assets, which include Fox's FX and National Geographic cable channels, its movie...

  • SAO PAULO, Dec 11- Chilean stocks rose more than 2 percent on Monday, their highest daily rise in almost two years, driven by foreign buyers in large stocks and higher prices for copper, the country's main export. The IPSA index rose 2.69 percent to 5,018.67 points, its best performance since January 2016. Central banks in Mexico, Colombia, Chile and Peru will meet...