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  • BERLIN— An international summit Tuesday to mark the second anniversary of the Paris climate agreement has drawn world leaders, celebrities, companies and environmental groups to the French capital, all aiming to keep up momentum on efforts to curb global warming. Here are some of the major announcements made at the Paris summit:. The former New York mayor and...

  • NEWTON, Mass. _ RMR Group Inc. on Tuesday reported fiscal fourth-quarter profit of $5 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share. Three analysts surveyed by Zacks expected $56.9 million.

  • HAMBURG, Dec 12- Germany's KBA automotive watchdog said it has ordered Volkswagen to recall 57,600 diesel models of its Touareg sport-utility vehicle after detecting two illicit emission-control devices in tests. Of the 57,600 vehicles affected globally, some 25,800 models are registered in Volkswagen's German home market, KBA said by email on Tuesday.

  • *Brent jumps above $65 for first time since mid-2015. LONDON, Dec 12- Britain's biggest oil pipeline from its North Sea fields is likely to be shut for two weeks for repairs, an industry source said on Tuesday, sending international crude prices higher. The closure has also disrupted gas flows through the network, which carries a third of Britain's gas produced...

  • SEATTLE, Dec 12- PepsiCo Inc has reserved 100 of Tesla Inc's new electric Semi trucks, the largest-known order of the big rig, as the maker of Mountain Dew soda and Doritos chips seeks to reduce fuel costs and fleet emissions, a company executive said on Tuesday. About 260,000 heavy-duty Class-8 trucks are produced in North America annually, according to FTR, an...

  • PATTON VILLAGE, Texas, Dec 12- When Hurricane Harvey sent two feet of water rolling into this small community about 35 miles north of Houston, Alfredo Becerra had to flee his modest 1,500- square-foot house. One month later, across the Gulf of Mexico in Big Pine Key, Florida, moving company driver Byron Keeble lost about $10,000 worth of belongings, including a new...

  • LOS ANGELES Dec 12- Communities across the United States are looking to replace their dirty diesel buses, ushering in what some analysts predict will be a boom in electric fleets. A typical 40- foot electric bus costs around $750,000, compared with about $435,000 for a diesel bus. Remember 20 years ago someone paid $20,000 for a plasma TV and then 10 years later it...

  • DAMMAM, Saudi Arabia, Dec 12- Saudi Aramco signed on Tuesday 13 memoranda of understanding worth around 6.3 billion riyals with local and foreign companies as part a drive to expand the kingdoms industrial base and manufacture a bigger share of products domestically. The MoUs signed on Tuesday were with companies such as China's Sinopec, Dalma Gulf Drilling...

  • PEPSICO INC RESERVES 100 TESLA ELECTRIC SEMIS TO REDUCE FLEET EMISSIONS, SAVE ON FUEL- COMPANY.

  • Closely-held Vanguard, the top mutual fund firm with nearly $5 trillion under management, has successfully tested blockchain to automatically update data like the names and share prices of companies in index funds, processes that must currently be closely overseen by individuals, said Warren Pennington, a principal in Vanguard's investment management...

  • LONDON, Dec 12- Brent futures for delivery in nearby months have jumped to a big premium following the decision to shut the main pipeline bringing crude onshore from the UK North Sea for inspection and repairs. The Forties pipeline system, which carries around 450,000 barrels per day and handles nearly a quarter of North Sea output, is likely to be shut for weeks,...

  • BUCHAREST, Romania— Some 1,000 workers have staged an anti-government protest in the Romanian capital against a tax overhaul which could lead to wage cuts. Workers gathered outside the government offices Tuesday, yelling and whistling to express their anger with the left-wing government they accuse of damaging their livelihoods. The government recently...

  • LONDON, Dec 12- Gold prices inched higher on Tuesday but were still hovering near their lowest in almost five months ahead of a widely expected U.S. interest rate increase this week. 1130 GMT, after hitting its lowest since July 20 at $1,240.10 on Monday. "The rise is already in the price so it's more about the outlook the Fed gives," said ABN AMRO commodity strategist...

  • *2017 sales seen at 224 billion euros. FRANKFURT, Dec 12- German engineering output is likely to grow at a steady 3 percent next year as domestic manufacturers begin to reinvest in equipment, compensating for slower export growth to China, industry association VDMA said on Tuesday. Engineering is still the backbone of Germany's economy- which is set to grow by more...

  • LONDON, Dec 12- Copper lead most base metals lower on Tuesday, as investors booked profits ahead of the year-end and ahead of an expected U.S. interest rate increase this week. Also weighing on metals, equity markets fell in China, with investors worried that China's central bank might follow the U.S. The big picture is still profit taking by funds in approach to the...

  • LONDON, Dec 12- Oil rose above $65 a barrel for the first time since mid-2015 on Tuesday after a shutdown of the UK's biggest North Sea oil pipeline, which helps set the benchmark for global prices. Brent crude, the global benchmark, was up by 92 cents at $65.61 at 1132 GMT, after breaking above $65 for the first time since June 2015 and trading as high as $65.70.

  • LONDON, Dec 12- Less than two weeks after OPEC's decision to extend oil production cuts, Libya and Nigeria the only two exempt members of the group are signaling their intent to raise output next year. On Saturday, the head of Libya's U.N.-backed government met the head of Libya's National Oil Corp and the governor of Tripoli's central bank to discuss how the...

  • PARIS, Dec 12- Sanofi still needs to convince markets it can deliver on an exciting and sustainable growth path as it contends with fresh difficulties in its vaccines arm and looks set for another gloomy year in diabetes, investors told Reuters. The French drugmaker holds an "innovation day" on Wednesday to discuss its pipeline of new drugs while it attempts to...

  • *Brent hits $65 a barrel. LONDON, Dec 12- Oil prices jumped to their highest in more than two years on Tuesday after the shutdown of a North Sea pipeline knocked out significant supply from an already tightening market. Brent crude futures, the global benchmark for oil prices, rose above $65 a barrel-- their highest since mid-2015-- after Britain's Forties pipeline was...

  • JOHANNESBURG/ FRANKFURT, Dec 12- South Africa's Steinhoff is considering selling stakes worth a combined $1.4 billion in local companies PSG Group and KAP Industrial to help plug a liquidity gap at the retailer, two sources familiar with the matter said. Steinhoff owns about 25 percent of PSG, a 60 billion rand investment holding company, and 39 percent of...