News Wire

Shares in Nigeria's Diamond Bank fall further after denying takeover talks

13/11 Nigeria's Diamond Bank dropped 9.48 percent on Tuesday to a more than one-year low, a day after the mid-tier lender denied media speculation it was in talks to be bought by rival Access Bank.  Full story

Copper, zinc gain on hopes of Chinese economic stimulus

06h00 London copper inched higher along with other metals on Thursday, supported by expectations of potential stimulus measures in China to boost the world's No. 2 economy after recent data pointed to cooling growth.. . .  Full story

S.Korean stocks slip; Samsung C&T hit by Samsung BioLogics woes

05h47 Round-up of South Korean financial markets: ** South Korea's KOSPI stock index slipped on Thursday, as overnight losses on Wall Street and. . .  Full story

Malaysia's Nov 1 - 15 palm oil exports rise 9.2 pct -ITS

05h36 Exports of Malaysian palm oil products for November 1 - 15 rose 9.2 percent to 551,857 tonnes from 505,352 tonnes shipped during October 1 - 15, cargo surveyor Intertek Testing Services said. . .  Full story

FOREX-Euro, pound firmer after Brexit deal but broader concerns support dollar

05h31 The dollar weakened on Thursday against the pound and euro, which rose after Britain's prime minister won cabinet approval for her draft Brexit plan, although concerns about whether the proposal can clear parliamentary hurdles capped. . .  Full story

China state planner says has not proposed vehicle purchase tax cut

05h28 China's state planner said on Thursday it has not considered nor has it proposed a 50 percent vehicle purchase tax reduction as reported by some media outlets recently.. . .  Full story

U.S. soybeans extend gains on export sales; wheat rebounds

05h17 U.S. soybean futures rose for a second session on Thursday, supported by fresh export sales and slower-than-anticipated harvesting, with wheat prices recovering after a two-day slide.. . .  Full story

Asia stocks lifted by China-U.S. trade hopes; oil resumes retreat

05h10 Asian stocks rose on Thursday, taking heart from a bounce in Chinese shares on news that China has delivered a written response to U.S. trade demands, while oil prices resumed their retreat on fears. . .  Full story

Birla Copper sees Indian copper demand doubling by 2026

05h08 India's refined copper consumption is set to more than double over the next eight years amid rising demand from the power, auto and consumer sectors, the chief executive of one of the country's top. . .  Full story

Oil prices resume decline on oversupply worries

05h04 Oil prices fell on Thursday, pressured by rising supply going into a market in which consumption is expected to slow down amid a glum economic outlook.. . .  Full story

Antofagasta board has approved expansion of Los Pelambres copper mine - CEO

04h59 The board of directors of Chilean miner Antofagasta has approved an expansion of the company's flagship Los Pelambres copper mine in Chile, Chief Executive Ivan Arriagada told Reuters in an interview on Thursday.. . .  Full story

Nikkei falls as banks' earning forecasts disappoint

04h35 Japan's Nikkei fell on Thursday, with banking stocks sliding after disappointing earnings forecasts and losses in U.S. financial shares.. . .  Full story

China's Oct home prices gather pace as smaller cities sustain growth

04h25 China's new home prices accelerated in October, led by gains in smaller cities, suggesting a key driver of the country's economic growth remained intact despite slower investment and increasing economic headwinds.. . .  Full story

Japan court rejects bid to shut down Shikoku Electric reactor

04h25 A high court in western Japan on Thursday rejected a lawsuit to shut down Shikoku Electric Power Co's only operable nuclear reactor.. . .  Full story

Singapore Airlines finds premium economy a tougher sell on new non-stop U.S. flights

04h13 Singapore Airlines Ltd is facing no problem selling business-class tickets on its ultra-long non-stop flights to the United States but is having to price premium economy seats very attractively, a senior executive said on Wednesday.. . .  Full story

Australia economy safer due to curbs on home lending-RBA

04h10 Australia's economy is less vulnerable to shocks thanks to regulators' efforts in recent years to curb riskier home lending with macro prudential measures, a top central banker said on Thursday.. . .  Full story

Aussie shares weaker as financial firms track Wall St losses; NZ falls

03h48 Australian shares edged lower on Thursday as financial stocks tracked their Wall Street counterparts, although stronger oil stocks provided some support for the broader market as crude prices recovered.. . .  Full story

Asian currencies firmer; Thai baht leads gains

03h47 The following table shows rates for Asian currencies against the dollar at 0144 GMT. CURRENCIES VS U.S. DOLLAR Currency. . .  Full story

Three S.Korean firms to plead guilty to rigging price of U.S. military base fuel -Justice Dept

03h42 Three South Korean companies will plead guilty to criminal charges and pay $236 million for their role in a conspiracy to fix the price of fuel sold to U.S. military bases in South Korea,. . .  Full story

China property price changes in October

03h33 Following is a breakdown of average new home price changes in major Chinese cities in October, announced by the National Bureau of Statistics on Thursday. Home price figures. . .  Full story

Fund managers place bets in Asia's oversold assets, such as high-yield bonds

03h32 As contagion from worries over global growth and trade friction pushes Asian equity, bond and currency markets deeper into bear territory, fund managers are hunting for bargains in Chinese and Indian equities and high-yielding Asian. . .  Full story

Australia jobs enjoy bumper Oct in broadly strong report

03h26 Australian employment was surprisingly strong in October as firms took on more full time staff and the jobless rate stayed at its lowest since 2012, a bumper report that sent the local dollar skipping. . .  Full story

Nigeria Senate committee says NNPC amount probed has doubled to $2.2 bln

03h12 A probe by the Nigerian Senate into whether state oil firm NNPC improperly withdrew money has expanded with the amount under investigation doubling to over $2.2 billion, a committee said on Wednesday.. . .  Full story

Gold prices hold steady as dollar eases

03h11 Gold prices held steady on Thursday, after rising nearly a percent in the previous session, as the dollar retreated further from a 16-month peak against a basket of currencies.. . .  Full story

Fed's Powell: U.S. 'really strong' even with housing, other risks to watch

03h06 A "really strong" U.S. economy is likely to continue growing, but softness in housing and high levels of corporate debt have caught the Federal Reserve's eye, Chairman Jerome Powell said on Wednesday.. . .  Full story

Modi government, Indian central bank set for uneasy truce -sources

03h00 India's government and its central bank are getting close to ironing out some of their policy differences, said two sources familiar with the discussions, as they seek to defuse worsening tensions that had threatened to. . .  Full story

COLUMN-Sterling's fate tied to global economy, not Brexit: McGeever

03h00 Sterling is being whiplashed by Brexit headlines and Brexit headlines only these days, it seems. This is understandable, but the currency's fate next year will be determined by global economic conditions, which may be. . .  Full story

S.Korea's Oct imports of Iran oil at zero for 2nd month-data

02h37 South Korea's October imports of Iran oil remained at zero for a second straight month ahead of U.S. sanctions against Iran that came into effect on Nov.5, customs office data showed on Thursday.. . .  Full story

Malaysia doubles palm oil imports from Indonesia amid high stocks

02h31 Malaysian palm oil imports from neighbouring producer Indonesia almost doubled in the past month and the import trend looks set to extend throughout November, despite local stocks that are near historical highs, industry sources said.. . .  Full story

PG&E rout may be hitting hedge funds after raised bets before fire

02h30 Prominent hedge funds, including Baupost Group and Viking Global Investors, may be bearing the brunt of utility PG&E Corp's tumbling share price after raising bets on the utility in the months ahead of the Camp. . .  Full story

Several high-profile funds raised stakes in GE before selloff -filings

02h26 Several prominent investors raised their stakes in General Electric Co in the third quarter, before its shares sank in recent weeks, filings with the U.S. Securities and Exchange Commission showed on Wednesday.. . .  Full story

Japan considers scrapping age limit on US beef imports -reports

02h18 Japan is considering scrapping import restrictions on U.S. beef purchases that were put in place after the first case of mad cow disease in the United States in 2003, local media reported on Thursday.. . .  Full story

Europe ready to retaliate if U.S. imposes auto tariffs -EU trade chief

02h13 European Union Trade Commissioner Cecilia Malmstrom said on Wednesday that the EU has a list of potential retaliation targets ready in case U.S. President Donald Trump imposes auto tariffs on the bloc's member states.. . .  Full story

China appears to relax North Korea sanctions -report to U.S. Congress

02h11 A U.S. congressional commission said on Wednesday that China appears to have relaxed enforcement of sanctions on North Korea and called on the Treasury Department to provide a report on Chinese compliance within 180 days.. . .  Full story

Would-be buyers take heart as Hong Kong property market finally begins to cool

02h00 Potential homebuyers priced out of Hong Kong's stratospheric property market may now feel more hopeful as housing prices finally begin to cool after a bullish stampede lasting more than two years.. . .  Full story

Berkshire invests in JPMorgan, Oracle as Buffett puts cash to work

01h58 Warren Buffett's Berkshire Hathaway Inc deepened its commitment to the U.S. financial industry, announcing a $4.02 billion stake in JPMorgan Chase & Co and new investments in PNC Financial Services Group Inc and Travelers Companies. . .  Full story

GrainCorp profit withers in east Australia drought, challenges ahead

01h16 GrainCorp Ltd, Australia's largest listed bulk grain handler, said on Thursday its annual underlying net profit fell 50 percent, hurt by the drought in the eastern states.. . .  Full story

Instacart wins $271 mln in new funding in November -source

01h14 Grocery delivery startup Instacart raised an extra $271 million in November from investors including U.S. hedge fund Tiger Global Management, bringing its latest round of fund raising to $871 million, a source familiar with. . .  Full story

What draft Brexit deal says of Irish border and contested 'backstop'

01h14 British Prime Minister Theresa May's cabinet on Wednesday approved a draft Brexit deal with the European Union, more than 500 pages of legal text that was long held up by disagreements between the two. . .  Full story

China sends written response to U.S. trade reform demands -U.S. govt sources

01h13 China has delivered a written response to U.S. demands for wide-ranging trade reforms, three U.S. government sources said on Wednesday, a move that could trigger negotiations to bring an end to a withering trade. . .  Full story

Paulson & Co keeps stake in gold investments during Q3 -filing

01h02 Paulson & Co, led by longtime gold bull John Paulson, kept its stake in gold investments during the third quarter of 2018 while other heavyweights including Soros Fund Management LLC, Jana Partners LLC and Caxton. . .  Full story

Technology investors fear regulators' net

01h01 Increased regulation of U.S. technology companies is one of the biggest risks to a sector that has led stocks higher, potentially derailing the market's near-decade-long bull run if it suffers a sustained selloff.. . .  Full story

China Inc's mounting stress: funding woes, shrinking profit growth and a trade war

01h00 China Inc's profit growth has fallen sharply while debt levels have recorded a rare drop, a Reuters analysis of earnings data shows - signs of strain brought on by Beijing's crackdown on leverage as. . .  Full story

In APEC host Papua New Guinea, China and the West grapple over strategic port

01h00 When Papua New Guinea Prime Minister Peter O'Neill flagged the possibility of China bankrolling a port development off his country's northern coast in June, the consternation in neighbouring Australia set off a lightening-fast response.. . .  Full story

Bourbon Parma jewels fetch record $53.2 mln including Marie Antoinette gems

00h41 One hundred Bourbon Parma family jewels, including 10 pieces that belonged to French Queen Marie Antoinette, fetched 53.5 million Swiss francs ($53.2 million), setting a world record for a royal collection, Sotheby's said on Wednesday.. . .  Full story

Prominent managers loaded up on Apple before recent tumble

00h35 Several prominent investors put fresh money to work in Apple during the third quarter even as they sold out of other high-flying tech companies, betting the iPhone maker's stock would keep rising as strong growth. . .  Full story

Latam currencies firmer, snap losing run

00h28 Latin American currencies snapped a six-session losing run on Wednesday, spurred by Brazil's real and Mexico's peso and a softer dollar that helped emerging markets currencies in general. "The euro has. . .  Full story

Uber posts $1 bln loss in quarter as growth in bookings slows

00h20 Uber Technologies Inc said on Wednesday that growth in bookings for its ride-hailing and delivery services rose 6 percent in the latest quarter, the third quarter in a row that growth has remained in the. . .  Full story

S.Korean firms to plead guilty to rigging U.S. military fuel bids

14/11 Three South Korean companies will plead guilty to criminal charges and pay $236 million for their role in a conspiracy to fix the price of fuel sold to U.S. military bases in South Korea,. . .  Full story

EU's Barnier hails "decisive step" toward Brexit

14/11 The European Union's Brexit negotiator Michel Barnier said the British government's agreement on Wednesday to a draft treaty was a "decisive step" toward ensuring Britain's orderly withdrawal from the bloc.. . .  Full story

Draft Brexit deal ends Britain's easy access to EU financial markets

14/11 The United Kingdom and the European Union have agreed a deal that will give London's vast financial centre only a basic level of access to the bloc's markets after Brexit.. . .  Full story

Sterling rises as UK PM May gets cabinet support on Brexit deal

14/11 Sterling rose in volatile trading on Wednesday after UK Prime Minister Theresa May received the backing of her cabinet for a draft Brexit deal, but she will now need to get the parliament to. . .  Full story

S&P 500 falls for fifth day as financials drag

14/11 Wall Street stocks fell on Wednesday, with the S&P 500 notching a fifth straight day of losses as financial stocks were hit by fears that regulations on the banking industry would tighten once the. . .  Full story

Activist investors head to Europe with more demands -research group

14/11 Activist investors stepped up their engagement in Europe and put $7.6 billion to work there in the first quarter alone while making more calls for corporate sales and takeovers than last year, new data. . .  Full story

Oil claws back after plunge, sterling rises on Brexit deal

14/11 Oil prices bounced up on Wednesday, as hopes for output cuts fueled a partial rebound from the previous session's steep decline, and the euro and sterling gained as British Prime Minister Theresa May obtained her. . .  Full story

Cisco revenue, profit beat estimates

14/11 Cisco Systems Inc reported quarterly revenue and profit that beat Wall Street estimates on Wednesday, lifted by growth across its traditional business of routers and switches, as well as in its newer focus areas. . .  Full story

World needs more U.S. wheat, China can hold off on U.S. soy -traders

14/11 The global grain market needs more U.S. wheat to make up for tightening supply in other major exporting zones, but China will be able to keep shunning U.S. soybeans in its trade tussle with. . .  Full story

EU trade chief says she hopes EU member states will approve Brexit deal

14/11 European Union trade commissioner Cecilia Malmstrom said on Wednesday she hoped that EU member states would approve the Brexit deal, and that she agreed with criticism by the United States on China.. . .  Full story

Aussie shares set to open marginally up; NZ down

14/11 Australian shares are likely to open slightly higher on Thursday after two sessions of heavy declines as oil prices rose on prospects of output cuts. Financial shares. . .  Full story

Petrobras could get about $7.9 bln from contract revision -source

14/11 Brazilian oil company Petroleo Brasileiro SA could receive some 30 billion reais ($7.9 billion) from the government in a renegotiation of the "transfer of rights" oil contract, a person following the process told Reuters on. . .  Full story

Euro, pound rise as U.K. PM May gets backing on Brexit deal

14/11 The euro and sterling gained on Wednesday as British Prime Minister Theresa May obtained backing from her cabinet on her Brexit deal, which she now has to convince parliament to approve.. . .  Full story

EU trade chief says ready to retaliate if U.S. imposes auto tariffs

14/11 European Union trade commissioner Cecilia Malmstrom said on Wednesday that the EU has a list of potential retaliation targets ready in case U.S. President Donald Trump imposes auto tariffs on EU member states.. . .  Full story

U.S. yields slide as Wall Street shares retreat

14/11 U.S. Treasury yields fell on Wednesday, as investors fretted about renewed weakness on Wall Street, which could signal much deeper problems in the world's largest economy. U.S. 30-year, 10-year, and two-year. . .  Full story

Soybeans higher on slow U.S. harvest pace, wheat sags

14/11 U.S. soybean futures rose on Wednesday on a slower-than-expected harvest pace and news of fresh export sales, although plentiful global supplies kept a lid on the market, analysts said. Wheat futures. . .  Full story

Oil rebounds from steep selloff as OPEC, partners discuss supply cut

14/11 Oil rose nearly 2 percent on Wednesday, recouping some of the previous session's heavy selloff, on growing prospects that the Organization of the Petroleum Exporting Countries and allied producers would cut output at a meeting. . .  Full story

Jury clears J&J of liability in California talc cancer case

14/11 A California jury on Wednesday cleared Johnson & Johnson of liability in a case involving a woman who alleged that the company's talc-based products, including its baby powder, contain asbestos and caused her cancer, the. . .  Full story

REUTERS SUMMIT-Amundi CIO says ECB won't raise rates in 2019, Fed to pause

14/11 - Europe's stuttering economy and Italy's budget crisis may rule out an interest rate rise next year by the European Central Bank, whose task will be complicated by leadership change, the Chief Investment Officer of. . .  Full story

Making waves in West, China luring Pacific islands with Belt and Road

14/11 President Xi Jinping will showcase China's Belt and Road initiative to Pacific leaders at a regional summit on Friday, diplomats say, with Western countries watching warily for signs of Beijing's growing clout.. . .  Full story

Macron says agreed with Trump to pressure oil producers

14/11 French President Emmanuel Macron said on Wednesday that he and U.S. President Donald Trump agreed to put pressure on oil producers to bring down prices.. . .  Full story

Esplanade's Kravetz bullish on casinos, Apple; sees turbulence for discount stores

14/11 Strong U.S. consumer holiday spending will not boost retailers across the board but instead benefit winners like Apple Inc that have signature products, Esplanade Capital's Shawn Kravetz said at the Reuters Global Investment 2019 Outlook. . .  Full story

Levi Strauss is planning to go public - CNBC

14/11 Levi Strauss & Co, the 145-year-old company that made the first pair of blue jeans, is planning an initial public offering, CNBC reported https://cnb.cx/2zSjbDL on Wednesday, citing sources familiar with the matter.. . .  Full story

Bitcoin drops to 1-year low as slump persists; ethereum down sharply

14/11 Bitcoin fell to a more than one-year low on Wednesday, breaching a key support level of $6,000 and causing a wave of selling in the digital currency and other crypto assets in what. . .  Full story

Gold gains 1 pct on dollar retreat, short-covering

14/11 Gold rose 1 percent on Wednesday, helped by a slight retreat in the dollar following a rally and as some investors covered their short positions after the metal held the key $1,200 level.. . .  Full story

Pan American Silver offers $1.1 bln to buy out Tahoe

14/11 Pan American Silver Corp said Wednesday it has agreed to buy Tahoe Resources Inc in a $1.07 billion cash and stock deal that would create a top global silver miner but also include some troublesome. . .  Full story

Brazil carrier Gol says country's foreign ownership ban is outdated

14/11 Decades-old regulations barring foreigners from owning Brazil's airlines are outdated and "might make no sense anymore," the top executive of Brazil's largest airline, Gol Linhas Aereas Inteligentes SA, said on Wednesday.. . .  Full story

Baker Hughes, GE fall after offering priced at discount

14/11 Oilfield services company Baker Hughes , majority owned by General Electric Co, said a previously announced share offering was priced at a discount of 3.4 percent, sending shares of both companies lower on Wednesday.. . .  Full story

Vodacom Tanzania approves sale of 26 pct stake to South Africa's Vodacom Group

14/11 Shareholders in Vodacom Tanzania on Wednesday approved the sale of a 26 percent stake owned by Mirambo Holdings Ltd to South Africa's Vodacom Group.. . .  Full story

Commodities drag FTSE 100 down, Debenhams suffers worst-ever day

14/11 Britain's top stock index fell on Wednesday as mining shares and oil majors sold off amid growing anxiety that global growth was slowing, though a late rally in gambling stocks offset some of the. . .  Full story

European stocks hit 2-week low as sell-off leaves few sectors unscathed

14/11 European shares hit their lowest in two weeks on Wednesday in a broadbased sell-off across oil, mining, technology and banking stocks amid renewed worries about a global economic slowdown and Italy's budget crisis deepens.. . .  Full story

Global regulators hold off designating 'too big to fail' insurers

14/11 Global insurance regulators will put off singling out insurers deemed so important to the financial system that they are required to hold extra capital, in a victory for companies such as American International Group and. . .  Full story

Czech minimum wage to grow by nine pct in 2019 - minister

14/11 The Czech government plans to raise the minimum wage by nine percent in January 2019, the seventh increase in as many years, as solid economic growth fuels demands for pay increases.. . .  Full story

Base metals tread water on mixed China data

14/11 Base metals held steady on Wednesday as weak retail sales data from top consumer China took the shine off upbeat industrial output and investment figures in the country. Benchmark copper. . .  Full story

Bitcoin extends losses, drops to lowest in more than a year

14/11 Bitcoin fell to a more than one-year low on Wednesday, falling below a key support level of $6,000, with traders and analysts unclear on what caused the sudden drop in price.. . .  Full story

Mexican central bank deputy governor resigns due to health issues

14/11 Mexican central bank deputy governor Roberto del Cueto has handed in his resignation on health grounds, the bank said, giving President-elect Andres Manuel Lopez Obrador more scope to influence the shape of the Bank of. . .  Full story

UK banks fail to assess, escalate whistleblower reports consistently -FCA

14/11 Most banks in Britain are not assessing and escalating whistleblower concerns consistently and some need to improve arrangements to protect those who lift the lid on wrongdoing from victimisation, the markets regulator said on Wednesday.. . .  Full story

China-backed RCEP trade pact in 'final stage,' deal eyed in 2019 - Singapore

14/11 Negotiations for a major China-backed trade agreement have moved to a final stage and Southeast Asian states involved in the talks are determined to wrap up the deal in 2019, Singapore, current chair of. . .  Full story

PG&E's wildfire risks mount; shares and bonds plunge

14/11 PG&E Corp, the electricity provider in the Northern California region being ravaged by the deadly Camp Fire, warned that it could face "significant liability" in excess of its insurance coverage in the event that its. . .  Full story

Italian bond yields jump as Rome sticks to deficit target

14/11 Italian bond yields hit three-week highs on Wednesday, widening the gap over top-rated German peers, after Italy re-submitted its 2019 budget to the European Commission with unchanged growth and budget deficit assumptions but falling debt. . .  Full story

Indian fund manager bets on beaten down mid-caps as economy revives

14/11 Reliance Mutual Fund, one of India's largest fund houses, is betting on select mid-cap stocks to make a come-back after a big correction this year due to macro-economic concerns and an emerging market sell. . .  Full story

U.S. consumer inflation rises; oil prices may slow momentum

14/11 U.S. consumer prices increased by the most in nine months in October amid gains in the cost of gasoline and rents, pointing to steadily rising inflation that likely will keep the Federal Reserve on. . .  Full story

Sears finalizing $350 million bankruptcy loan with Great American - sources

14/11 Sears Holdings Corp is finalizing a deal with financial firm Great American Capital Partners and other lenders for $350 million in critical bankruptcy financing that would keep the U.S. retailer open through the holidays, people. . .  Full story

Bank of Canada sees slightly higher perceived risk to financial system

14/11 The overall perceived risk to the Canadian financial system has increased slightly over the last six months, in part due to unease over the global economic outlook, the Bank of Canada said on Wednesday.. . .  Full story

Boeing unveils 'affordable' solar aircraft for collecting climate data

14/11 Boeing Co unit Aurora Flight Sciences on Wednesday unveiled a solar-powered autonomous aircraft that will help researchers collect climate-related data at a fraction of the cost of a satellite.. . .  Full story

Macy's raises profit forecast before key holiday season

14/11 Macy's Inc raised its annual earnings forecast on Wednesday, signaling a strong holiday shopping season ahead, encouraged by good performance at its stores and its growing online business.. . .  Full story

Latam currencies gain, set to snap six-session losing run

14/11 Latin American currencies were on track to snap a six-session losing run on Wednesday, with the dollar tepid after the release of U.S. consumer inflation data. Mexico's peso and stocks. . .  Full story

Denmark to consider curbs on convicted investors after tax fraud

14/11 Denmark will consider new rules to restrict ownership of the country's companies by investors involved in wrongdoing, a government minister said on Wednesday, responding to lawmakers' questions about a tax fraud involving international banks.. . .  Full story

Biofuel groups ask federal judge to freeze U.S. refinery waiver program

14/11 A group representing biofuel companies asked a federal judge on Tuesday to force the U.S. Environmental Protection Agency to stop exempting small refineries from renewable fuel laws until a lawsuit challenging the agency's actions is. . .  Full story

U.S. safety board holds hearing on fatal Southwest engine explosion

14/11 The U.S. National Transportation Safety Board opened an investigative hearing on Wednesday into the fatal engine explosion on a Southwest Airlines Boeing 737 that killed one passenger.. . .  Full story

Global accounting body proposes one-year delay to insurance rule

14/11 A global standards body has proposed a one-year delay to implementing its new accounting rule aimed at increasing visibility in how insurers earn money, after the industry said it needed more time to prepare. . .  Full story

No-deal Brexit would cost Britain 6 pct of GDP, IMF warns

14/11 Leaving the European Union without a transitional trade deal would cost Britain about 6 percent of GDP -- roughly four years of economic growth -- compared with staying in the bloc, the International Monetary Fund. . .  Full story

Shanghai exchange solicits opinions for launch of China tech board

14/11 China's Shanghai Stock Exchange said on Wednesday it would solicit opinions for the launch of a new technology board as part of China's drive to boost innovation in the tech sector.. . .  Full story