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U.S. court removes creditor hurdle to a Westinghouse bankruptcy plan

WILMINGTON, Del. (Reuters) - A U.S. judge shot down on Wednesday a request by creditors of Westinghouse Electric Co LLC for a bigger role in the nuclear technology company's bankruptcy just days after its parent company Toshiba Corp proposed a restructuring plan.

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Mexican authorities warn cryptocurrency offerings could be a crime

MEXICO CITY (Reuters) - Mexico's finance ministry and central bank warned on Wednesday that cryptocurrencies were risky investments and said fundraising programs known as initial coin offerings (ICOs) could potentially violate Mexican financial law.

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Three men plead guilty to crimes tied to 2016 botnet attacks

(Reuters) - A former Rutgers University student and two other men pleaded guilty to computer crimes related to the creation, sale and use of the Mirai botnet, a network of infected electronics equipment used to knock major websites offline in massive 2016 cyber attacks, according to court documents.

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Mexico authorities warn of risks of cryptocurrencies

MEXICO CITY (Reuters) - Mexico's finance ministry and central bank warned on Wednesday of the risks associated with cryptocurrencies and investment schemes known as initial coin offerings.

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LPC: Banks optimistic on 2018 US CLO volume with Wells Fargo predicting record year

NEW YORK, Dec 13 (Reuters) - Wells Fargo is predicting record US Collateralized Loan Obligation (CLO) fund issuance of US$125bn in 2018 with little in sight to derail 2017’s strong momentum. JP Morgan sees a smaller increase and Bank of America Merrill Lynch and Deutsche Bank expect issuance to match 2017’s robust volume.

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UPDATE 3-Italian bonds, bank stocks hit as prospect of March election reignites political uncertainty

* Broader markets await Fed rate decision (Adds stocks market reaction, quotes)

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Finisar gets $390 million from Apple to make more iPhone X chips

(Reuters) - Finisar Corp is getting a $390 million investment from Apple Inc to revive a plant in Texas, which will boost production of chips that power high-profile iPhone X features including Face ID and portrait mode photos.

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T-Mobile to launch new television service in 2018, acquire Layer3 TV

NEW YORK (Reuters) - U.S. No. 3 wireless carrier T-Mobile US Inc will launch a new television service in 2018 and acquire television technology company Layer3 TV Inc for an undisclosed amount as part of its plans, it said on Wednesday.

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France proposes age-of-consent rule for Facebook users

PARIS (Reuters) - All French children under the age of 16 will have to seek parental approval to open an account on Facebook or any other social network under draft legislation presented on Wednesday.

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U.S. says hacker to plead guilty for role in 2016 cyber attacks

(Reuters) - The U.S. Department of Justice has caught one of the people involved in creating the Mirai botnet, a network of infected electronics equipment used to knock major websites offline in massive 2016 cyber attacks, according to court papers.

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Greek top court clears way for U.S. extradition of Russian cybercrime suspect

ATHENS (Reuters) - Greece's top court cleared the way on Wednesday for the extradition to the United States of a Russian man, also wanted in Moscow, suspected of having laundered billions of dollars in the digital currency bitcoin.

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Germany monitoring bitcoin market impact: FinMin

BERLIN (Reuters) - Germany is carefully monitoring the impact of cryptocurrencies on markets, a finance ministry spokesman said on Wednesday, as bitcoin surged and the futures of the best known cryptocurrency made their world debut on a U.S. stock exchange.

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UK PM May says RBS branch closures are a commercial matter for the bank

LONDON, Dec 13 (Reuters) - British Prime Minister Theresa May said that branch closures announced by the Royal Bank of Scotland were a commercial matter for the bank, after she was asked to intervene to halt the closures.

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Greek top court paves way for U.S. extradition of Russian bitcoin fraud suspect

ATHENS (Reuters) - Greece's Supreme Court on Wednesday paved the way for the extradition to the United States of Russian bitcoin fraud suspect Alexander Vinnik.

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Apple to invest $390 million in Finisar to ramp up chip production

(Reuters) - Apple Inc will give Finisar Corp $390 million to increase production of chips that power high-profile iPhone X features including Face ID, Animojis and portrait-mode photos.

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Deutsche Telekom, EWE to invest 2 billion euros in German fiber buildout

BERLIN (Reuters) - Deutsche Telekom is partnering with EWE AG [LANDWE.UL] to invest 2 billion euros ($2.4 billion) in building out a superfast glass-fiber broadband network in northwestern Germany, the companies said on Wednesday.

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Apple to invest $390 million in chipmaker Finisar

(Reuters) - Apple Inc said on Wednesday it would invest $390 million in Finisar Corp, which it will use to build out a plant in Texas to make chips that power popular iPhone features such as face ID, animojis and portrait-mode selfies.

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China's HNA says U.S lawsuit over failed deal 'baseless'

HONG KONG (Reuters) - China's HNA Group [HNAIRC.UL] said on Wednesday a U.S. lawsuit against the company and its Beijing-based unit Pactera Technology International Ltd over a failed acquisition was "baseless and without merit".

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VW bank expects profit rise in 2017 despite diesel scandal

FRANKFURT (Reuters) - The financial arm of German carmaker Volkswagen said on Wednesday that it expects a rise in operating profit in 2017, despite a diesel scandal that has rocked the industry.

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British city of Sheffield gives Uber a welcome boost

LONDON (Reuters) - The northern English city of Sheffield has lifted a suspension on Uber's operating license after it provided satisfactory answers to questions about the taxi app's management, in a welcome boost to the firm's British operations.

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UPDATE 1-Deutsche Boerse Xetra trading platform functioning again - website

* Exchange operator reported brief disruption before market open

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BRIEF-‍Yandex, Sberbank enter into agreement for Yandex.Market joint venture​

* ‍YANDEX AND SBERBANK ENTER INTO BINDING AGREEMENT FOR YANDEX.MARKET JOINT VENTURE​

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RPT-UPDATE 1-Banks eye Paris airports operator in Macron privatisation drive -sources

LONDON/FRANKFURT, Dec 12 (Reuters) - Investment banks are vying to work with potential buyers or the French government on the sale of its majority stake in Aeroports de Paris (ADP) , sources close to the matter said, in one of the largest infrastructure deals expected to come to market in 2018.

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Judges consider HK double murder appeal by convicted former British banker

HONG KONG (Reuters) - Three judges in Hong Kong's Court of Appeal are set to decide the fate of a former British banker who was jailed for life last year for the murder of two Indonesian women he tortured and raped after his appeal hearing closed on Wednesday.

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Toyota, Panasonic consider joint development of EV batteries

TOKYO (Reuters) - Toyota Motor Corp and Panasonic Corp said on Wednesday they are considering jointly developing batteries for electric vehicles (EVs), a partnership that could help Panasonic extend its market lead in automotive lithium-ion batteries.

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South Korea considers cryptocurrency tax as regulators grapple with 'speculative mania'

SEOUL (Reuters) - South Korea said on Wednesday it may tax capital gains from cryptocurrecy trading as global regulators worried about a bubble, with Australia's central bank chief warning of a 'speculative mania" that has seen the digital asset making rip-roaring gains.

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Founder of China's embattled LeEco placed on debt blacklist

SHANGHAI (Reuters) - The high-profile founder of struggling Chinese tech conglomerate LeEco has been placed on an official blacklist of debt defaulters, a further blow to a firm that had spent heavily to compete in areas from smart cars to online entertainment.

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Toyota, Panasonic to hold news conference at 1.30 a.m. ET

TOKYO (Reuters) - Toyota Motor Corp and Panasonic Corp on Wednesday said they would hold a joint news conference in Tokyo at 3:30 pm (0630 GMT).

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REFILE-UPDATE 1-S.Korea to hold emergency meeting on cryptocurrencies, measures expected Friday

* S.Korea to announce measures on virtual currencies on Friday -c.bank official

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South Korea to hold emergency meeting on cryptocurrencies, measures expected Friday

SEOUL (Reuters) - South Korea's government has called an emergency meeting to discuss the trading of cryptocurrencies, and measures on the market will be announced on Friday, a central bank official said on Wednesday.

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UPDATE 1-S.Korea to hold emergency meeting on cryptocurrencies, measures expected Friday

* S.Korea to announce measures on virtual currencies on Friday -c.bank official

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Britain urged to prosecute social media firms over online abuse

LONDON (Reuters) - Social media companies should face prosecution for failing to remove racist and extremist material from their websites, according to a report by an influential committee.

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Ex-Trump aide Carter Page tells court to stop AT&T Time Warner deal

WASHINGTON (Reuters) - Former Trump campaign adviser Carter Page argued in court papers on Tuesday that AT&T Inc should not be permitted to buy CNN parent Time Warner Inc because there was a risk it would lead to "recklessness" in journalism.

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UPDATE 2-Brazil banks agree to reimburse depositors for losses

BRASILIA, Dec 12 (Reuters) - Brazilian banks agreed on Tuesday to compensate depositors for losses from government plans that tackled hyperinflation in the 1980s and 1990s, potentially settling over a million legal disputes that have hung over the country's banking system.

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Electric vehicle battery prices to steady by 2020: Hyundai Motor

SEOUL (Reuters) - Hyundai Motor Co believes electric vehicle battery prices will level off by 2020 due to supply constraints of key ingredients, ending years of sharp declines that have helped stimulate activity in the booming sector.

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BRIEF-SmartFinancial Inc To Acquire Southern Community Bank

* SMARTFINANCIAL, INC. TO ACQUIRE TULLAHOMA, TN-BASED SOUTHERN COMMUNITY BANK

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BRIEF-Heartland Financial USA Announces Plan To Acquire First Bank Lubbock Bancshares In Texas

* HEARTLAND FINANCIAL USA, INC. ANNOUNCES PLAN TO ACQUIRE FIRST BANK LUBBOCK BANCSHARES, INC. IN TEXAS

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BRIEF-Sinclair Raises Additional Term Loans And Amends Bank Credit Agreement

* SINCLAIR RAISES ADDITIONAL TERM LOANS AND AMENDS BANK CREDIT AGREEMENT

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Toshiba, Western Digital end chip dispute; joint investment to resume

(Reuters) - Toshiba Corp and its chip business partner Western Digital Corp agreed to settle a long-running dispute over the embattled Japanese conglomerate's plans to sell its chip unit, the companies said in a statement, removing a key obstacle to the deal.

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BRIEF-Electromed Inc Says Renewed Its $2.5 Million Revolving Line Of Credit With Venture Bank

* ELECTROMED INC - ON DEC 12, CO RENEWED ITS $2.5 MILLION REVOLVING LINE OF CREDIT WITH VENTURE BANK PURSUANT TO RIDER TO BUSINESS LOAN AGREEMENT

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UK city of York refuses to renew Uber's license in new regulatory setback

(Reuters) - The English city of York refused to renew Uber's [UBER.UL] license to operate there on Tuesday, the city council said, the latest regulatory setback suffered by the ride-hailing app.

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Bitcoin euphoria puts other retail bets in shade

(Reuters) - If you wondered why 18-year old twitterati and seasoned speculative traders alike have bet on bitcoin's surge toward $20,000 this week, look no further than the comparison with the past year's new stock exchange floatations.

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UPDATE 1-Brazil banks agree to reimburse depositors for losses

BRASILIA, Dec 12 (Reuters) - Brazilian banks agreed on Tuesday to compensate depositors for losses from government plans that tackled hyperinflation in the 1980s and 1990s, settling over a million legal disputes that have hung over the country's banking system.

businessNews reuters.com

S&P, Dow rise with help from banks, Nasdaq lags

(Reuters) - Wall Street stocks were higher on Tuesday afternoon with the biggest boost from the financial sectors as investors bet on strong economic growth a day ahead of the U.S. Federal Reserve's widely-expected hike in interest rates.

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US STOCKS-S&P, Dow rise with help from banks, Nasdaq lags

* Indexes: Dow up 0.64 pct, S&P up 0.34 pct, Nasdaq down 0.02 pct (Updates to late afternoon, adds commentary, changes byline)

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UK city York refuses to renew Uber's licence

(Reuters) - The English city of York rejected Uber's licence renewal on Tuesday, citing concerns about the ride-hailing app's data breach and the number of complaints received, a city council spokesperson said.

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S&P, Dow at record levels as Boeing, bank stocks gain

(Reuters) - The S&P and the Dow hit record levels in early afternoon trading on Tuesday as Boeing rose and bank stocks gained ahead of a near certain move by the Federal Reserve to raise interest rate.

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Lyft starts Canada service in first international foray

(Reuters) - U.S. ride-hailing firm Lyft Inc on Tuesday launched its service in Toronto, the first international market for the rival of much larger Uber Technologies Inc [UBER.UL].

businessNews reuters.com

Boeing, bank stocks lift Dow, S&P; techs drag on Nasdaq

(Reuters) - The S&P 500 and the Dow advanced in late morning trade on Tuesday as Boeing's shares hit a record and bank stocks rose ahead of a near certain move by the Federal Reserve to raise interest rate.

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UPDATE 1-Banks eye Paris airports operator in Macron privatisation drive -sources

LONDON/FRANKFURT, Dec 12 (Reuters) - Investment banks are vying to work with potential buyers or the French government on the sale of its majority stake in Aeroports de Paris (ADP) , sources close to the matter said, in one of the largest infrastructure deals expected to come to market in 2018.

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Cryptocurrency exchanges Coinbase, Bitfinex down

(Reuters) - Digital currency exchange operators Coinbase and Bitfinex reported problems with service through their websites on Tuesday, frustrating traders seeking to cash in on the latest surge in the value of bitcoin and other cryptocurrencies.

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Boeing, bank stocks lift Dow, techs weigh on S&P, Nasdaq

(Reuters) - The Dow Jones Industrial Average edged higher on Tuesday, with a 3 percent jump in shares of Boeing and rise in financial stocks, while losses in technology stocks weighed on the S&P 500 and the Nasdaq.

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US STOCKS-Boeing, bank stocks lift Dow, techs weigh on S&P, Nasdaq

* Indexes: Dow up 0.30 pct, S&P up 0.04 pct, Nasdaq off 0.1 pct (Updates to open)

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Facebook to book advertising revenue locally amid political pressure

BRUSSELS (Reuters) - Social media giant Facebook said on Tuesday it would start booking advertising revenue locally instead of re-routing it via its international headquarters in Dublin although the move is unlikely to result in it paying much more tax.

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BRIEF-JG Wentworth Says Co, Units Filed Voluntary Cases Under Chapter 11 In United States Bankruptcy Court

* JG WENTWORTH SAYS ON DEC 12, CO, UNITS FILED VOLUNTARY CASES UNDER CHAPTER 11 IN UNITED STATES BANKRUPTCY COURT FOR DISTRICT OF DELAWARE - SEC FILING

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BRIEF-Dextera Surgical Files For Chapter 11 Bankruptcy

* DEXTERA SURGICAL FILES FOR CHAPTER 11 BANKRUPTCY AND SIGNS ASSET PURCHASE AGREEMENT WITH AESCULAP, INC.

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AIG launches new cyber threat analysis to gauge companies' risks

(Reuters) - American International Group Inc has ramped up its analysis for insuring against cyber attacks, using a system that scores a company's risk of having a breach along with safeguards it has in place, the insurer said on Tuesday.

environmentNews reuters.com

World Bank says will cease financing upstream oil and gas after 2019

PARIS (Reuters) - The World Bank said on Tuesday it will no longer finance upstream oil and gas projects after 2019, apart from certain gas projects in the poorest countries in exceptional circumstances.

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Airbnb drops controversial payment card in France

PARIS (Reuters) - Short-term rental website Airbnb has agreed to withdraw a controversial payment system in France after government officials, including finance minister Bruno Le Maire, met with its managers on Monday.

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Taiwan's Far Eastern International fined T$8 million over SWIFT hacking incident

TAIPEI (Reuters) - Taiwan's financial regulator said on Tuesday it had fined Far Eastern International Bank T$8 million ($266,524) due to deficiencies related to its SWIFT system hacking incident.

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Bitcoin exchange Bithumb says 'right' regulations in South Korea would boost market

SEOUL (Reuters) - The Seoul-based operator of the world's busiest virtual currency exchange Bithumb said on Tuesday it will fully comply with potential regulations from the South Korean government and adequately capitalize itself to protect its clients.

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Kremlin says widespread Russian forces no longer needed in Syria

MOSCOW (Reuters) - There is a no longer the need for widely-deployed Russian military forces in Syria, Kremlin spokesman Dmitry Peskov said on Tuesday.

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Taiwan's Far Eastern Int'l fined T$8 million over SWIFT hacking incident

TAIPEI (Reuters) - Taiwan's financial regulator said on Tuesday it had fined Far Eastern International Bank T$8 million ($266,524) due to deficiencies related to its SWIFT system hacking incident.

environmentNews reuters.com

Study seen needed before lifting fracking ban in remote Australia

SYDNEY (Reuters) - Gas extraction via fracking could only resume in Australia's Northern Territory district after a study on the controversial practice is completed in two to three years, according to the recommendations of an independent group released on Tuesday.

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M&A dominates Europe share trading; weak banks offset oil boost

LONDON, Dec 12 (Reuters) - Mergers and acquisitions dominated early European share trading on Tuesday, while strong oil and tech stocks were not enough to offset a decline in banks.

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Rolls-Royce creates cross-business data unit to drive efficiency

LONDON (Reuters) - Rolls-Royce has created a data unit, named R2 Data Labs, that uses analytics, artificial intelligence and machine learning to improve efficiency across its civil and defense aerospace, marine, nuclear and power systems businesses.

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Amazon's cloud unit expands in China, with new partner in Ningxia

BEIJING (Reuters) - Amazon.com Inc said on Tuesday it was expanding its cloud computing business in China with a new local partner, aiming to win share in an increasingly crowded and highly regulated market.

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Philippine bank accuses Bangladesh of heist 'cover-up'

MANILA (Reuters) - The Philippines bank through which $81 million stolen from Bangladesh's central bank was channeled in February 2016 has accused Dhaka's monetary authority of covering up its negligence and demanded that it stop making the bank a "scapegoat."

Wildfires nytimes.com

In California, Mixed Results for Regulations Meant to Help Stop Fires

While the rules can certainly help in slow-moving fires, they have proved no match to the high-wind fires that made this season so destructive.

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British banker to appeal against life sentence for Hong Kong double murder

HONG KONG (Reuters) - A British banker, jailed for life in Hong Kong last year for the murder of two Indonesian women he tortured and raped in his luxury apartment, is due to launch an appeal on Tuesday.

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U.S. agency prepares to hand over internet oversight to FTC

WASHINGTON (Reuters) - The U.S. Federal Communications Commission plans to turn over oversight of internet service providers to another federal agency as it plans to vote on Thursday to revoke the landmark 2015 "net neutrality" rules.

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'More to come' after bitcoin futures launch: Cboe CEO

NEW YORK (Reuters) - The generally smooth launch of bitcoin futures on Cboe Global Markets could pave the way for other cryptocurrency-related products like options and ETFs, the head of the exchange operator said in an interview on Monday.

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Apple removes app after MyEtherWallet complaint

(Reuters) - IPhone maker Apple Inc said on Monday it had removed a paid iOS application from its App Store after MyEtherWallet, a free service for storing digital currencies, complained that the program was improperly using its name.

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SEC halts initial coin offering from restaurant review app

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission has stepped in to stop an "initial coin offering" (ICO) from a restaurant review app, after the company failed to register it as a security.

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U.S. tech firm settles probe of Russian work on defense project

WASHINGTON (Reuters) - Netcracker Technology Corp will not face criminal charges for allowing Russian nationals without security clearance to work on a U.S. defense project after it agreed to adopt enhanced cyber security measures, authorities said on Monday.

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Hackers hit U.S., Russian banks in ATM robbery scam: report

FRANKFURT (Reuters) - A previously undetected group of Russian-language hackers silently stole nearly $10 million from at least 18 mostly U.S. and Russian banks in recent years by targeting interbank transfer systems, a Moscow-based security firm said on Monday.

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UPDATE 1-Hackers hit U.S., Russian banks in ATM robbery scam-report

FRANKFURT, Dec 11 (Reuters) - A previously undetected group of Russian-language hackers silently stole nearly $10 million from at least 18 mostly U.S. and Russian banks in recent years by targeting interbank transfer systems, a Moscow-based security firm said on Monday.

technologyNews reuters.com

Apple confirms deal to buy music discovery app Shazam

SAN FRANSICO (Reuters) - Apple Inc on Monday confirmed it had reached a deal to acquire Shazam Entertainment Ltd, the U.K.-based app that lets users identify songs by pointing a smart phone at the audio source.

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Elliott says chipmaker NXP worth 23 percent more than Qualcomm's offer

(Reuters) - Activist investor Elliott Management Corp said on Monday NXP Semiconductors NV is worth about 23 percent more than Qualcomm Inc's $38-billion offer to buy the chipmaker.

businessNews reuters.com

Hackers hit major ATM network after U.S., Russian bank breaches: report

FRANKFURT (Reuters) - A previously undetected group of Russian-language hackers silently stole nearly $10 million from at least 18 mostly U.S. and Russian banks in recent years by targeting interbank transfer systems, a Moscow-based security firm said on Monday.

businessNews reuters.com

Japan's SMBC Nikko poised to poach bankers in push for U.S. growth

TOKYO (Reuters) - Sumitomo Mitsui Financial Group Inc's brokerage unit is ready to poach bankers to expand its U.S. investment banking arm and could even buy small firms if the right target comes up, its chief executive said.

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CANADA STOCKS-TSX slips at open as banks, railways move lower

TORONTO, Dec 11 (Reuters) - Canada's main stock index edged lower in early trade on Monday, with declines in banks and railway stocks offsetting small overall gains for the materials sector.

technologyNews reuters.com

U.S. videogame makers may trounce sales estimates again

(Reuters) - Tepid holiday sales forecasts from two of the three major U.S. videogame producers have not dampened investors' confidence in one of the past decade's major stock market success stories for a simple reason: they almost always beat them.

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Elliott says chipmaker NXP worth more than Qualcomm's offer

(Reuters) - Activist investor Elliott Management Corp said on Monday that NXP Semiconductors NV is worth $135 per share on an intrinsic standalone basis, more than the $110 Qualcomm Inc has offered to buy the company.

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Chinese electric car maker to put 'Weltmeister' on road next year

BEIJING (Reuters) - WM Motor Technology Co, one of a new breed of Chinese electric car companies, will use its company name "Weltmeister" as its brand and plans to start taking orders for its first product, a sport-utility vehicle, from April.

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EU must look at regulating bitcoin, ECB's Nowotny says

VIENNA (Reuters) - The European Union needs to consider regulating bitcoin, European Central Bank ratesetter Ewald Nowotny said on Monday, citing the risk of money laundering.

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BRIEF-Laurentian Bank Of Canada says on Dec 5, disclosed issues arising from a review of mortgages that it had sold to a third party purchaser

* Laurentian Bank Of Canada - On Dec 5, co disclosed issues arising from a review of mortgages that it had sold to a third party purchaser

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Exclusive: Hong Kong fund tells Toshiba that chip unit sale to Bain group not necessary

TOKYO (Reuters) - A Hong Kong-based activist investor in Toshiba Corp has told the embattled conglomerate that the $18 billion sale of its chip unit to a Bain Capital-led group is no longer necessary after its recent capital injection, according to a letter seen by Reuters.

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Apple, India wrangle over import tax on mobile parts: sources

NEW DELHI (Reuters) - Apple Inc has asked India to defer a planned increase in import taxes on mobile phone parts so it can expand its iPhone manufacturing in the country, but the government is unlikely to accede, people familiar with the matter said.

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Nokia's COO quits after eight months in the job

HELSINKI (Reuters) - Nokia said its chief operating officer will leave the telecom network equipment maker, which is struggling in the face of a shrinking market and tough competition, after just eight months in the job.

technologyNews reuters.com

China Telecom earmarked as Philippines' 3rd telecoms player: Manila officials

MANILA (Reuters) - State-run China Telecom Corp could become the Philippines' third telecoms player, officials of the Southeast Asian nation said on Sunday, as the government looks to stir up competition in an effort to boost notoriously poor services.

technologyNews reuters.com

Mubadala has done 15 to 16 investments in Silicon Valley as part of the Softbank fund

ABU DHABI (Reuters) - Abu Dhabi's state investor, Mubadala [MUDEV.UL], has made 15 to 16 investments in Silicon Valley as part of a partnership with Softbank Group, deputy group CEO, Waleed al-Muhairi, told a conference in Abu Dhabi.

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Hotly anticipated bitcoin futures surge 21 percent on debut

NEW YORK/SYDNEY (Reuters) - Bitcoin futures jumped more than 20 percent in their eagerly anticipated U.S. debut, which backers hope will encourage wider use and legitimacy for the world's largest cryptocurrency even as critics warn of the risk of a bubble and price collapse.

technologyNews reuters.com

China Telecom earmarked as the Philippines' third telecoms player

MANILA (Reuters) - State-run China Telecom Corp could become the Philippines' third telecoms player, officials of the Southeast Asian nation said on Sunday, as the government looks to stir up competition in an effort to boost notoriously poor services.

topNews reuters.com

Anti-Trump protests wane in Jerusalem, West Bank; flare in Beirut

JERUSALEM (Reuters) - Palestinian protests waned in the occupied West Bank and in the Gaza Strip on Sunday while violence flared near the U.S. embassy in Beirut over U.S. President Donald Trump's decision to recognize Jerusalem as Israel's capital.

businessNews reuters.com

Bangladesh minister says wants to 'wipe out' Manila bank for heist role

DHAKA (Reuters) - Bangladesh's finance minister said late on Saturday he wanted to "wipe out" a Philippines bank that was used to channel $81 million stolen from the Bangladeshi central bank's account with the Federal Reserve Bank of New York last year.

companyNews reuters.com

Boston Herald files for bankruptcy protection to pursue sale

SAN FRANCISCO, Dec 8 (Reuters) - The parent company of the Boston Herald filed for Chapter 11 bankruptcy on Friday and will look to sell the newspaper to Gatehouse Media LLC, a move that underscores the hard times facing traditional print journalism.

technologyNews reuters.com

France to allow blockchain for trading unlisted securities

PARIS (Reuters) - The French government opened the way on Friday for trading unlisted securities using blockchain digital ledgers with the adoption of new rules aimed at improving Paris' image as a center for financial innovation.

businessNews reuters.com

Deutsche Bank can cope with Basel III outcome: CFO in paper

BERLIN (Reuters) - Deutsche Bank is able to cope with the stricter capital rules on banks that were agreed this week, its finance chief told a German paper.

PersonalFinance reuters.com

UBS investment bank head wary on 2018 outlook

ZURICH (Reuters) - The head of Swiss bank UBS's investment banking business gave a cautious outlook for market conditions next year, with fees set to fall again and volatility staying low.

technologyNews reuters.com

Spotify and Tencent Music to buy stakes in each other

STOCKHOLM (Reuters) - Music streaming company Spotify and the music arm of China's Tencent Holdings Ltd will buy minority stakes in each other ahead of the Swedish firm's expected stock market listing next year, the companies said on Friday.

technologyNews reuters.com

NiceHash says attacked probably from non-EU IP address

LJUBLJANA (Reuters) - A Slovenian cryptocurrency mining marketplace, NiceHash, which lost about $64 million worth of bitcoin in a hack on its payment system on Wednesday, said the attack was probably made from a non-EU IP address.

sportsNews reuters.com

Competitions needed for Russians not going to Games, says ROC chief

MOSCOW (Reuters) - Russian Olympic Committee President Alexander Zhukov said competitions should be organized for Russian athletes who decide not to compete at the 2018 Pyeongchang Winter Games, R-Sport news agency reported on Friday.

companyNews reuters.com

UPDATE 1-China imposes record fine on Guangfa Bank over guarantees for defaulted bonds

BEIJING, Dec 8 (Reuters) - China's banking regulator has confiscated illegal income and imposed fines on China Guangfa Bank Co totalling 722 million yuan ($109 million) for providing illegal guarantees for defaulted corporate bonds sold through an Alibaba-backed online finance platform, it said on Friday.

technologyNews reuters.com

Ericsson may make Digital goodwill impairment after revamp

STOCKHOLM (Reuters) - Ericsson said on Friday it may have to book a goodwill impairment in its struggling digital services and media businesses, potentially hitting the Swedish mobile network equipment maker's operating income but not its cashflow.

companyNews reuters.com

China Guangfa Bank fined $109 million for rule violation - regulator

BEIJING, Dec 8 (Reuters) - China's banking regulator has fined China Guangfa Bank Co 722 million yuan ($109.12 million) for providing illegal guarantees for defaulted corporate bonds, it said on Friday.

companyNews reuters.com

UPDATE 1-SoftBank to invest $300 mln in food delivery firm DoorDash - Recode

Dec 7 (Reuters) - SoftBank Group Corp plans to invest around $300 million into DoorDash, a San Francisco-based food delivery startup, Recode reported.

companyNews reuters.com

BRIEF-India's City Union Bank Says Mastercard Reported Improper Debit Card Transactions To Co

* SAYS MASTERCARD RECENTLY REPORTED TO CO CERTAIN SET OF IMPROPER DEBIT CARD TRANSACTIONS

technologyNews reuters.com

SoftBank to invest $300 million in food delivery firm DoorDash: Recode

(Reuters) - SoftBank Group Corp plans to invest around $300 million into DoorDash, a San Francisco-based food delivery startup, Recode reported.

companyNews reuters.com

SoftBank to invest $300 mln in food delivery firm DoorDash - Recode

Dec 7 (Reuters) - SoftBank Group Corp plans to invest around $300 million into DoorDash, a San Francisco-based food delivery startup, Recode reported.

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BRIEF-SoftBank Is Preparing To Invest Around $300 Million Into The Food Delivery Startup Doordash- Recode, Citing Sources

* SOFTBANK IS PREPARING TO INVEST AROUND $300 MILLION INTO THE FOOD DELIVERY STARTUP DOORDASH- RECODE, CITING SOURCES Source text for Eikon: Further company coverage:

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BRIEF-Luther Burbank Corporation Announces Pricing Of Initial Public Offering

* SAYS INITIAL PUBLIC OFFERING OF 12.2 MILLION COMMON SHARES PRICED AT $10.75PER SHARE

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Exclusive: Bangladesh Bank, NY Fed discuss suing Manila bank for heist damages

DHAKA (Reuters) - Bangladesh's central bank has asked the Federal Reserve Bank of New York to join a lawsuit it plans to file against a Philippines bank for its role in one of the world's biggest cyber-heists, several sources said.

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YouTube to launch music subscription service next year: Bloomberg

(Reuters) - Alphabet Inc's YouTube plans to introduce a paid music streaming service in March, Bloomberg reported on Thursday, citing people familiar with the matter.

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Spark NZ expects to roll out 5G in next few years

(Reuters) - New Zealand telecommunications company Spark New Zealand said on Friday its plans for a fifth-generation network (5G) are progressing well and it expects to roll it out within the "next few years."

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BRIEF-Investors Bank Announces Workforce Reduction And Branch Closures

* INVESTORS BANK ANNOUNCES WORKFORCE REDUCTION AND BRANCH CLOSURES

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France's Ubisoft delays three releases, back catalog sales remain strong

(Reuters) - French video game producer Ubisoft said on Thursday it was delaying the release of three games and lowering its 2017/18 sales goals while raising its targeted profit margin.

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Deutsche Bank says more regulation of cryptocurrencies needed

BERLIN (Reuters) - More regulation and some degree of security are needed to make cryptocurrencies such as bitcoin a serious new asset class for investors, Deutsche Bank Chief Investment Officer Christian Nolting said.

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Chinese investor further raises stake in Dialog Semi to 8.15 percent

FRANKFURT (Reuters) - China's top state silicon chipmaker has further raised its stake in Dialog Semiconductor, buying into share price weakness triggered by fears the Anglo-German firm could lose its top customer Apple Inc.

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Ubisoft delays three releases, lowers 2017/2018 sales outlook

(Reuters) - French video game producer Ubisoft said on Thursday it was delaying the release of three games and lowering its 2017/18 sales outlook.

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Instagram testing standalone Direct messaging app

(Reuters) - Facebook Inc's Instagram said on Thursday it was testing a standalone messaging app called Direct, making it the company's third chat tool alongside its hugely popular WhatsApp and Messenger.

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Silicon Valley meets 'Flash Boys' on new corporate listings program

NEW YORK (Reuters) - A new would-be stock exchange based in Silicon Valley is teaming up with IEX Group, the newest U.S. stock exchange and focus of author Michael Lewis's book, "Flash Boys: A Wall Street Revolt," on a corporate listings program, the company said on Thursday.

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Blockchain network IOTA teams up with Microsoft, others on data marketplace

NEW YORK (Reuters) - (In this version of the Nov. 28 story IOTA corrects partners in the project to remove reference to Cisco in headline and first paragraph and Huawei in fifth paragraph, include Microsoft in headline and text. IOTA clarified that the error was due to the fact that it co-founded the Trusted IoT Alliance with Cisco.)

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Orange's boss Richard promises investors more of the same

PARIS/LONDON (Reuters) - Orange's boss Stephane Richard told investors on Thursday he will stick with plans to invest heavily in upgrading networks rather than content as he bids for a third term to lead France's biggest telecoms operator.

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BlackBerry, Qualcomm expand partnership to connected automotive

(Reuters) - BlackBerry Ltd and Qualcomm Inc are expanding their partnership to tap the fast-growing connected automotive market, the companies said on Thursday.

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CANADA STOCKS-TSX rises with banks, energy stocks

TORONTO, Dec 7 (Reuters) - Canada's main stock index ticked higher in early trade on Thursday, helped by gains among its heavyweight financial and energy sectors.

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BRIEF-Molina Healthcare - On Dec 4 Co Entered Commitment Letter With Suntrust Bank And SunTrust Robinson Humphrey

* MOLINA HEALTHCARE - ON DEC 4 CO ENTERED COMMITMENT LETTER WITH SUNTRUST BANK AND SUNTRUST ROBINSON HUMPHREY - SEC FILING

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Russia calls on OSCE states to ramp up cyber security efforts

VIENNA (Reuters) - Russia's foreign minister called on Organization for Security and Cooperation in Europe (OSCE) countries to strengthen efforts to ensure the safety of the internet on Thursday.

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HSBC has 3-year head start on foreign investment banking rivals in China: Gulliver

HONG KONG (Reuters) - HSBC has a three-year head start on its foreign investment banking rivals in China because of the British bank's unique position of having management control of its securities venture there, chief executive Stuart Gulliver said on Thursday.

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Australia's ASX selects blockchain to cut costs

(Reuters) - Australia's ASX Ltd said on Thursday it would replace its registry, settlement and clearing system with blockchain technology to cut costs for customers.

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CORRECTED-UPDATE 5-Trump lawyer denies Deutsche Bank got subpoena on Trump accounts

FRANKFURT/WASHINGTON, Dec 5 (Reuters) - A U.S. federal investigator probing alleged Russian interference in the 2016 U.S. presidential election asked Deutsche Bank for data on accounts held by people or entities close to President Donald Trump, a person close to the matter said on Tuesday.

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ASX selects distributed ledger technology to replace CHESS

(Reuters) - Australia's main bourse ASX Ltd on Thursday said it would replace its existing technology used to record shareholdings and manage the clearing and settlement of equity transactions in Australia, with blockchain developed by its technology partner Digital Asset (DA).

cnn.com

Bankrupt Toys 'R' Us puts aside $16 million for executive bonuses

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U.S. Comptroller halts plan to remove in-house bank examiners

WASHINGTON (Reuters) - Bank examiners can continue working inside the banks they supervise, U.S. Comptroller of the Currency Joseph Otting said on Wednesday, in a policy reversal for the U.S. banking regulator.

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Deutsche Boerse chairman considering early departure: Handelsblatt

BERLIN (Reuters) - Deutsche Boerse Chairman Joachim Faber is considering quitting as head of the exchange operator's supervisory board as early as in 2019, Handelsblatt reported, citing sources in the finance industry.

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MOVES-Houlihan Lokey government services bankers decamp for Baird

WASHINGTON, Dec 6 (Reuters) - Two senior investment bankers specializing in government services, aerospace and defense are departing boutique investment bank Houlihan Lokey Inc for competitor Robert W. Baird, three people familiar with the moves said on Wednesday.

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U.S. asks officials to defer travel to Israel, West Bank to December 20

WASHINGTON (Reuters) - The U.S. State Department issued a cable to all its diplomatic posts worldwide on Wednesday asking its officials to defer non-essential travel to Israel, Jerusalem and the West Bank until Dec. 20 according to a copy of the cable seen by Reuters.

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Israeli firm's spyware used against Ethiopian dissidents: Canadian group

TORONTO/TEL AVIV (Reuters) - Surveillance software from Israeli defense contractor Elbit Systems Ltd was used in an espionage campaign targeting Ethiopian dissidents living outside the East African nation, a Canadian research institute said on Wednesday.

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BRIEF-Bank Of Nova Scotia- Announced Partnerships With Viola Group And Team8

* BANK OF NOVA SCOTIA- ANNOUNCED PARTNERSHIPS WITH TWO ISRAELI TECHNOLOGY COS, VIOLA GROUP AND TEAM8 Source text for Eikon: Further company coverage:

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Researchers say Ethiopia used Elbit products to spy on dissidents

TEL AVIV (Reuters) - Israeli defense company Elbit Systems' shares fell 1.7 percent in premarket Nasdaq trade after researchers claimed Ethiopia used products made by its Cyberbit unit to spy on dissidents.

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High tech, high finance and high times for U.S. pot industry

(Reuters) - Two years ago, Alan Gertner was head of Google's Asia-Pacific sales team in Singapore, handling more than $100 million in business.

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Farming startup Indigo raises $203 million with help from Dubai fund

SAN FRANCISCO (Reuters) - Farming technology startup Indigo has raised more than $200 million from investors to fund its efforts to reform how crops including wheat, soybeans, cotton and corn are grown around the world.

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Ireland says yet to agree exact date for Apple to start transferring tax funds

DUBLIN (Reuters) - Ireland expects Apple to start paying up to 13 billion euros ($15.36 billion) in back taxes into an escrow account once it is set up at the end of January, but an exact date has yet to be agreed.

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Singapore drone frees your fingers to take photos

SINGAPORE (Reuters) - As more people shoot pictures and videos from consumer drones, researchers in Singapore have found a way round the frustrating task of framing and taking photos while manually piloting the craft. 

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Exclsuive: China's Xiaomi seeks bank pitches for 2018 IPO - sources

HONG KONG (Reuters) - Chinese smartphone maker Xiaomi Inc has asked banks to pitch next Friday for an initial public offering in 2018, people familiar with the plan told Reuters.

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Apple's Cook optimistic that apps pulled in China will be back

HONG KONG (Reuters) - Apple Inc is optimistic that some of its popular apps removed from its China App Store this year to comply with government requests will be reinstated, the U.S. tech giant's Chief Executive Tim Cook said on Wednesday.

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Exclusive: China's Xiaomi seeks bank pitches for 2018 IPO - sources

HONG KONG (Reuters) - Chinese smartphone maker Xiaomi Inc has asked banks to pitch next Friday for an initial public offering in 2018, people familiar with the plan told Reuters.

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China's Xiaomi seeks bank pitches for 2018 IPO: sources

HONG KONG (Reuters) - Chinese smartphone maker Xiaomi Inc has asked banks to pitch next Friday for an initial public offering in 2018, people familiar with the plan told Reuters.

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Exclusive: Baupost expected to make quick profit in Westinghouse bankruptcy- sources

(Reuters) - Hedge funds led by the Baupost Group LLC are poised to score a $170 million profit in less than three months from a bet tied to Toshiba Corp's bankrupt nuclear unit Westinghouse Electric Corp, according to three people familiar with the matter.

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Winter holiday travel forecast to give U.S. airlines needed boost

(Reuters) - The holiday travel period will be busier than last year for U.S. airlines, according to an industry trade group on Wednesday, as affordable fares and an improving economy make air travel more accessible.

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EMERGING MARKETS-Mexico index rises on bank deal; Brazil's Bovespa dips

(Updates prices, adds details on Mexican stock index) SAO PAULO, Dec 5 (Reuters) - Mexico's S&P/BVM IPC share index rose 0.64 percent on Tuesday, recovering some ground after falling last week to its lowest level since March. Banorte bank pushed the gains, with its shares rising 2.60 percent as it announced that shareholders approved its acquisition of Grupo Financiero Interacciones, a deal that will create the country's second-biggest bank. The Mexican peso weakened in respons

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REFILE-Gold trader says he never liked Turkish banker facing trial

(Refiles to add dropped text in final two paragraphs.) By Brendan Pierson NEW YORK, Dec 5 (Reuters) - A Turkish gold trader testifying for U.S. prosecutors in the trial of an executive at Turkey's state-owned Halkbank, who is charged with helping Iran evade U.S. sanctions, said Tuesday that he and the banker never liked each other. Reza Zarrab, who has pleaded guilty and is cooperating with U.S. prosecutors in the case, also said he had complained about Halkbank deputy ge

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Laurentian Bank discloses 'misrepresentations' on some mortgages

Dec 5 (Reuters) - Canadian lender Laurentian Bank said an audit had found "documentation issues and client misrepresentations" on some mortgages it had sold to another company, triggering the worst one-day selloff in its shares since 2009.

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Maduro's cryptocurrency to fare no better than Venezuela itself: analysts

CARACAS (Reuters) - Venezuela's plan to create an oil-backed cryptocurrency faces the same credibility problems that dog the ruling Socialist Party in financial markets and is unlikely to fare any better than the struggling OPEC member itself, investors and technical experts say.

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Gold trader says he never liked Turkish banker facing trial

NEW YORK (Reuters) - A Turkish gold trader testifying for U.S. prosecutors in the trial of an executive at Turkey's state-owned Halkbank, who is charged with helping Iran evade U.S. sanctions, said Tuesday that he and the banker never liked each other.

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Trump lawyer denies Deutsche Bank got subpoena on Trump accounts

FRANKFURT/WASHINGTON (Reuters) - A U.S. federal investigator probing alleged Russian interference in the 2016 U.S. presidential election asked Deutsche Bank for data on accounts held by President Donald Trump and his family, a person close to the matter said on Tuesday, but Trump's lawyer denied any such subpoena had been issued.

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UPDATE 5-Trump lawyer denies Deutsche Bank got subpoena on Trump accounts

FRANKFURT/WASHINGTON, Dec 5 (Reuters) - A U.S. federal investigator probing alleged Russian interference in the 2016 U.S. presidential election asked Deutsche Bank for data on accounts held by President Donald Trump and his family, a person close to the matter said on Tuesday, but Trump's lawyer denied any such subpoena had been issued.

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Trump lawyer: Deutsche Bank has not received subpoena for Trump records

WASHINGTON, Dec 5 (Reuters) - A lawyer for U.S. President Donald Trump said on Tuesday that Deutsche Bank has not received any subpoena for financial records relating to the president or his family as part of the special counsel's Russia probe.

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Maduro's cryptocurrency to fare no better than Venezuela itself

CARACAS (Reuters) - Venezuela's plan to create an oil-backed cryptocurrency faces the same credibility problems that dog the ruling Socialist Party in financial markets and is unlikely to fare any better than the struggling OPEC member itself, investors and technical experts say.

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UPDATE 1-Banorte shareholders vote to create Mexico's No. 2 bank

MONTERREY, Dec 5 (Reuters) - Shareholders in Mexico's Banorte on Tuesday approved the acquisition of Grupo Financiero Interacciones, which will create the country's second-biggest bank.

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UPDATE 4-Deutsche Bank gets subpoena from Mueller on Trump accounts -source

FRANKFURT/WASHINGTON, Dec 5 (Reuters) - A U.S. federal investigator probing alleged Russian interference in the 2016 U.S. presidential election asked Deutsche Bank for data on accounts held by President Donald Trump and his family, a person close to the matter said on Tuesday.

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Xunlei tumbles as cryptocurrency worries swirl

(Reuters) - Shares in Chinese technology company Xunlei Ltd sank 12 percent on Tuesday, taking falls in the stock past 40 percent in two weeks as investors debated whether the company is set to benefit or suffer from a boom in cryptocurrency stock plays.

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Wal-Mart to integrate physical, online units in Brazil

(Reuters) - The Brazilian unit of Wal-Mart Stores Inc. has decided to integrate its physical retail and e-commerce activities, as well as expand its so-called online marketplace operations, the company said in a statement on Tuesday.

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UPDATE 2-Deutsche Bank gets subpoena from Mueller on Trump accounts -source

FRANKFURT/WASHINGTON, Dec 5 (Reuters) - A U.S. federal investigator probing alleged Russian interference in the 2016 U.S. presidential election asked Deutsche Bank for data on accounts held by President Donald Trump and his family, a person close to the matter said on Tuesday.

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Dish co-founder Ergen steps down from CEO role to focus on wireless

(Reuters) - Dish Network Corp said on Tuesday co-founder Charlie Ergen has stepped down from his chief executive role to devote more time to build out the company's wireless business.

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Dish Network founder steps down from CEO role to focus on wireless

(Reuters) - Dish Network Corp said on Tuesday Chief Executive Charlie Ergen has stepped down to devote more time to the company's emerging wireless business.

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BRIEF-OceanFirst Financial's Unit Gets Regulatory Approval From OCC To Merge With Sun National Bank

* OCEANFIRST FINANCIAL- ON DEC 4, CO'S UNIT GOT REGULATORY APPROVAL FROM OFFICE OF COMPTROLLER OF CURRENCY TO MERGE WITH SUN NATIONAL BANK -SEC FILING Source text : (http://bit.ly/2jgvuSZ) Further company coverage:

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CANADA STOCKS-TSX slips as mining losses offset rising bank stocks

TORONTO, Dec 5 (Reuters) - Canada's main stock index edged lower in early trade on Tuesday as falling copper and other commodity prices weighed on mining stocks while shares of banks pushed higher at the tail end of their earnings season.

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Deutsche Bank gets subpoena from Mueller on Trump accounts: source

FRANKFURT (Reuters) - U.S. Special Counsel Robert Mueller has asked Deutsche Bank for data on accounts held by President Donald Trump and his family, a person close to the matter said on Tuesday.

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Bitcoin hits new record high of $11,850

LONDON (Reuters) - Bitcoin powered to a record high of $11,850 on Tuesday, continuing its surge from below $1,000 at the start of the year.

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International police operation shuts down 'Andromeda' malware system

AMSTERDAM (Reuters) - A joint operation involving Germany, the United States and Belarus has taken down a malware system known as "Andromeda" or "Gamarue" that infected more than 2 million computers globally, Europol said on Tuesday.

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'Smart bags' may not fly if battery cannot be removed

GENEVA (Reuters) - "Smart suitcases" may be able to charge mobile phones or be easily found if misplaced, but unless their battery can be removed they risk being sent packing by the world's airlines.

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Exclusive: More Chinese lenders plan to pursue RCom in insolvency court - sources

HONG KONG/MUMBAI/BEIJING (Reuters) - Two major Chinese lenders plan to support a move by China Development Bank to put Indian wireless carrier Reliance Communications (RCom) into insolvency court as they seek to recover about $2 billion in debt, said three people with knowledge of the matter.

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iPhone market share slips in October-quarter: research firm

(Reuters) - The market share of Apple Inc's iPhone declined in key regions in the three months ended October, hurt by the unavailability of the iPhone X during that time, research firm Kantar Worldpanel ComTech said on Tuesday.

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MOVES- Deutsche Bank, Lombard Odier IM, Zhejiang Rongsheng

Dec 5 (Reuters) - The following financial services industry appointments were announced on Tuesday. To inform us of other job changes, email moves@thomsonreuters.com.

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Chinese investor increases stake in Dialog Semi to over 7 percent

FRANKFURT (Reuters) - China's top state silicon chipmaker has indirectly raised its stake in Dialog Semiconductor , whose share price has plummeted on signs it could lose its top customer Apple Inc .

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Scotiabank says BBVA accepts offer to buy stake in BBVA Chile

Dec 5 (Reuters) - Bank of Nova Scotia said on Tuesday that Banco Bilbao Vizcaya Argentaria S.A. (BBVA) has formally accepted its offer to buy the Spanish lender's stake in BBVA Chile for about $2.2 billion.

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BRIEF-Laurentian Bank Financial Group Reports Q4 Adjusted Earnings Per Share C$1.63

* Q4 REVENUE C$268 MILLION VERSUS I/B/E/S VIEW C$258.3 MILLION

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Chinese investor lifts stake in Dialog Semi to over 7 percent

FRANKFURT (Reuters) - An investment vehicle owned by Tsinghua Unigroup Ltd, China's top state silicon chipmaker, has raised its stake in Anglo-German Dialog Semiconductor to 7.15 percent, according to a regulatory filing on Tuesday.

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Deutsche Bank receives subpoena from Mueller on Trump accounts: source

FRANKFURT (Reuters) - Special Counsel Robert Mueller has asked Deutsche Bank to share data on accounts held by U.S. President Donald Trump and his family, a person close to the matter said on Tuesday.

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Deutsche Bank receives subpoena from Mueller on Trump accounts -source

FRANKFURT, Dec 5 (Reuters) - Special Counsel Robert Mueller has asked Deutsche Bank to share data on accounts held by U.S. President Donald Trump and his family, a person close to the matter said on Tuesday.

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BRIEF-Bank Of Nova Scotia Says BBVA Accepted Scotiabank's Offer To Buy 68.19 Pct Ownership In BBVA Chile For About $2.2 Bln

* BANK OF NOVA SCOTIA-BBVA ACCEPTED SCOTIABANK'S OFFER TO BUY ITS 68.19 PERCENT OWNERSHIP IN BBVA CHILE, FOR ABOUT $2.2 BILLION ​

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BRIEF-BBVA Accepts Offer From Bank Of Nova Scotia Over BBVA Chile

* SAYS ACCEPTED OFFER AND ENTERED INTO SALE AND PURCHASE AGREEMENT WITH BANK OF NOVA SCOTIA Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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Russia's Promsvyazbank says it sold asset worth 8 bln roubles

MOSCOW, Dec 5 (Reuters) - Promsvyazbank (PSB), one of Russia's biggest private lenders, said on Tuesday its N1.1 capital ratio was expected to reach 7.4 pct as of January 1, 2018 after it sold an asset worth 8 billion roubles.

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Australian retailers rally as Amazon gets cool reception

SYDNEY (Reuters) - Amazon.com Inc's Australian arm took its first orders on Tuesday, ending the suspense over its opening date and sending retail stocks higher amid complaints of limited product range and uncompetitive prices on the U.S. e-commerce platform.

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Nissan, DeNA schedule public tests of self-driving car service in Japan next year

TOKYO (Reuters) - Nissan Motor Co and Japanese gaming software maker DeNA Co said on Tuesday they would begin public tests of their self-driving ride-sharing service in Japan next year.

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BRIEF-Independent Bank Corp To Acquire Traverse City State Bank For About $63.24 Mln

* INDEPENDENT BANK CORPORATION ANNOUNCES AGREEMENT TO ACQUIRE TRAVERSE CITY STATE BANK

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U.S. SEC's cyber unit files charges in alleged initial coin offering fraud

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission said on Monday its newly created cyber unit had filed its first charges against an "initial coin offering" (ICO), alleging that a privately held company called PlexCorps and its top two officials had defrauded investors.

technologyNews reuters.com

NY attorney general asks for net neutrality vote to be put off

WASHINGTON (Reuters) - New York's attorney general urged the Federal Communications Commission to delay a vote rolling back net neutrality rules because of the large number of fake comments submitted to the agency on the issue.

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Siemens, Brazilian prosecutors eyeing settlement over bribery lawsuit: newspaper

RIO DE JANEIRO (Reuters) - German industrial group Siemens AG is negotiating a settlement worth more than 1 billion reais ($307 million) with Brazilian state prosecutors over a civil case related to probes into whether bribes were paid to win train contracts, according to a Monday newspaper report.

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Democrat takes aim at controversial capital rule disliked by big U.S. banks

NEW YORK, Dec 4 (Reuters) - A Democratic U.S. senator wants to free the biggest U.S. lenders from having to hold capital against certain assets held at central banks, according to a document viewed by Reuters and a person familiar with it.

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Turkish banker says U.S. prosecutors withheld evidence

NEW YORK, Dec 4 (Reuters) - Lawyers for a banker at Turkey's state-owned Halkbank who is charged with scheming to violate U.S. sanctions against Iran accused U.S. prosecutors of withholding evidence that might help exculpate their client. They said this included gold trader Reza Zarrab's alleged willingness to lie in exchange for leniency. In a letter on Monday to U.S. District Judge Richard Berman in Manhattan, lawyers for Mehmet Hakan Atilla said prosecutors on Saturday even

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Self-driving costs could drop 90 percent by 2025, Delphi CEO says

DETROIT (Reuters) - Delphi Automotive Plc, which is changing its name to Aptiv Inc, wants to cut the cost of self-driving cars by more than 90 percent to around $5,000 by 2025, according to Chief Executive Officer Kevin Clark.

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Micro-lender China Rapid Finance spots opportunity in new rules

BEIJING (Reuters) - China Rapid Finance will make any adjustments needed to its business practices and the fees it charges in response to Bejing's new requirements to clean up fast-growing online micro-lenders, its chief executive Zane Wang said on Monday.

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Facebook rolls out messenger app for kids under 13

(Reuters) - Facebook Inc on Monday rolled out Messenger Kids, an app that lets the world's biggest social media company expand into a so-far untapped market of kids under 13 while also giving parents complete control over what their children see.

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Bank stocks favored over tech as tax bill makes headway

(Reuters) - Wall Street indexes rose on Monday as Republican-led efforts to slash corporate tax rates cleared a major hurdle, with investors picking stocks that have lagged for much of the year including shares of financial and industrial companies.

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US STOCKS-Bank stocks favored over tech as tax bill makes headway

* Indexes up: Dow 0.99 pct, S&P 0.42 pct, Nasdaq 0.54 pct (Changes comment, adds company details, updates prices)

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Shares of big U.S. banks jump as Senate approves tax overhaul

(Reuters) - Shares of the biggest U.S. banks rose on Monday, after the Senate approved a tax overhaul bill on Saturday, raising investor hopes that their earnings would get a boost from a significantly lower tax bill.

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Chipmaker Dialog plunges further on fears Apple could go it alone

LONDON/FRANKFURT (Reuters) - Shares in Dialog Semiconductor dropped as much as 23 percent on Monday after the company acknowledged for the first time that top customer Apple could develop its own battery-saving chips used in iPhones.

technologyNews reuters.com

SEC's cyber unit files charges in alleged initial coin offering fraud

WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission said on Monday its newly created cyber unit had filed its first charges against an "initial coin offering" (ICO), alleging that a privately held company called PlexCorps and its top two officials had defrauded investors.