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  • LONDON, Nov 20- European stocks fell on Tuesday, with banks weighing heavily on worries about slowing economic growth, fading earnings momentum, Italy's budget, and a lower likelihood of rate hikes in Europe next year. The pan-European STOXX 600 index fell 1.1 percent to its lowest level in more than three weeks, with Germany's DAX down 1.2 percent and Britain's...

  • *Shares of U.S. retailers tumble on weak earnings, outlooks. NEW YORK, Nov 20- World equity markets fell on Tuesday, with U.S. stocks hurt by worries over softening demand for the iPhone and corporate growth prospects, while oil prices sank on concerns about rising global supply. As the outlook for corporate earnings growth dims, equities are bound to lose their...

  • CHICAGO, Nov 20- U.S. soybean futures rose 1.2 percent on Tuesday, bouncing back a day from a sharp decline in a round of bargain buying after prices sank in the previous session to their lowest since Nov. 8, traders said. At 11:09 a.m. CST, Chicago Board of Trade. January soybean futures were up 10-1/ 4 cents at $8.84 a.

  • Nov 20- Kohl's Corp shares slumped as much as 12 percent on Tuesday after the department store operator forecast full-year earnings largely below estimates, blaming rising shipping costs and higher discounts during the holiday season. Chief Financial Officer Bruce Besanko said on a post-earnings call that there is going to be higher cost of shipping as...

  • Elliott is increasing the pressure on San Diego- based Mitek at a time that software company ASG Technologies, which the hedge fund owns, has been pushing to buy Mitek for $10 a share. Elliott wrote that ASG President and Chief Executive Charles Sansbury first approached Mitek about a possible takeover in August, roughly one week before the company announced...

  • LISBON, Nov 20- Wine output from Europe's fifth-largest producer Portugal slumped by an estimated 20 percent this year to two-decade lows due to a heatwave in August and heavy rains that interrupted harvesting in October. The National Statistics Institute said on Tuesday all the country's wine-producing regions were likely to churn out just 5.2 million...

  • Addressing the margin pressures, Chief Executive Officer Brian Cornell reiterated on a conference call that its efforts to boost growth "involves a commitment of resources, which explains why I've already used the word investment five times in these remarks." Wall Street did not take well to Cornell's comments. " "Brian Cornell was outspoken multiple times in...

  • TOKYO, Nov 21- Japan's top steelmaker Nippon Steel& Sumitomo Metal Corp is bracing for a weaker steel market in Asia because the escalating Sino-U.S. trade war may crimp steel demand in top buyer China and in Southeast Asia, a senior executive said. "The biggest uncertainty is how steel demand and the market in China and Southeast Asia will change," Nippon Steel...

  • CHICAGO, Nov 20- Boeing Co has canceled a conference call it had scheduled for Tuesday morning with airlines to discuss systems on the 737 MAX model that crashed in Indonesia last month, two sources familiar with the matter said. All 189 people on board a 737 MAX operated by Lion Air died when the jet crashed into the Java Sea on Oct. 29. The company's stock has dropped...

  • *FTSE 100 down 0.5 pct, FTSE250 down 0.3 pct. The FTSE 100 ended the day down 0.8 percent, its third straight daily loss, with sentiment also hurt by heavy losses in the euro zone after a report Apple has cut production triggered a global rout in tech stocks. Meanwhile, Brexit uncertainties continue to stifle market clarity for the pound and FTSE 100, "said IG market...

  • *Weak results from Target, Kohl's pressure retail stocks. *Apple leads declines among tech stocks. Nov 20- The S&P 500 hit a three-week low on Tuesday, as weak earnings from retailers including Target and Kohl's as well as a fall in energy shares added to worries for Wall Street, which is still reeling from a technology selloff.

  • BRENT FUTURES FALL TO $63.11 A BARREL, LOWEST SINCE FEBRUARY 2018.

  • *Hungary's central bank gives no signal on tightening. *Moody's may upgrade Hungary's credit rating on Friday. This means that it could keep domestic markets awash in money, and domestic bonds also benefited from a drop in bond yields in most of Europe except for Italy, and the strength of the forint, one Budapest- based fixed income trader said.

  • *China not named, but clearly in view. BRUSSELS, Nov 20- The European Union on Tuesday provisionally agreed on rules for a far-reaching system to coordinate scrutiny of foreign investments into Europe, notably from China, to end what a negotiator called "European naivety". "All the world powers- the United States, Japan, China,- have a method of screening.

  • NEW YORK, Nov 20- Oil prices fell about 4 percent on Tuesday, with U.S. crude plunging to its lowest in over a year, caught up in Wall Street's broader selloff fed by growing concerns about slowing global growth. West Texas Intermediate crude futures were at $54.72 per barrel, down $2.48, or 4.3 percent by 11:14 a.m. EST. Brent crude futures were $2.72, or 4.1 percent,...

  • *Italy/ Germany bond yield gap near widest in five years. In Italy, the upward push on bond yields from the risk-off environment and concern ahead of Wednesday's official response from the European Union on Italy's draft budget was tempered somewhat by reassuring comments from officials. European Central Bank policymaker Ewald Nowotny said Italy does not...

  • BRASILIA, Nov 20- Brazil will establish a privatizations secretariat under far-right president-elect Jair Bolsonaro, future Economy Minister Paulo Guedes told reporters on Tuesday. Guedes did not specify whether the secretariat would report to any cabinet minister or be autonomous. He added that Bolsonaro has not yet made a decision on who will head...

  • The U.S. Court of Appeals for the Federal Circuit lifted a preliminary injunction that blocked Dr. Suboxone Film generates 80 percent of UK- based Indiviors revenue and helps drug users beat their addiction to opioids and is dissolved under the tongue. Indivior's contingency plans also focus on optimizing the launch of Sublocade, a once-a-month injectable...

  • NEW YORK, Nov 20- U.S. stocks tumbled in early trade on Tuesday. The S&P 500 hit a three-week low as weak results and forecasts from a bunch of retailers including Target and Kohl's fanned worries about holiday season sales, while tech stocks continued to slide on concerns about iPhone demand. MATTHEW KEATOR, PARTNER, THE KEATOR GROUP, LENOX, MASSACHUSETTS.

  • By Laurence Frost and Chang-Ran Kim. PARIS/ TOKYO, Nov 20- France urged Renault on Tuesday to replace CEO Carlos Ghosn after his arrest in Japan on financial misconduct allegations, which sources said formed part of an investigation extending to its broader carmaking alliance with Nissan. In a sign Nissan may be seeking to loosen its French parent's hold on their...