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Hollywood actors union ratifies three-year contract after strike

Hollywood actors union ratifies three-year contract after strike By Danielle Broadway and Lisa Richwine LOS ANGELES, Dec 5 (Reuters) - Members of the SAG-AFTRA actors union approved a three-year contract with major studios on Tuesday, formally ending six months of Hollywood labor disputes that halted film and television production. SAG - AFTRA said 78% of those who voted supported the deal with Netflix Inc NFLX.O , Walt Disney Co DIS.N and other members of the Alliance of Motion Picture and Tele
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India's Himadri Speciality plans to make lithium-ion battery parts

India's Himadri Speciality plans to make lithium-ion battery parts BENGALURU, Dec 6 (Reuters) - India's Himadri Speciality Chemical HIMD.NS said on Wednesday it would set up a facility to make lithium-ion battery components for an estimated project cost of 48 billion rupees. ($576.12 million). Lithium-ion batteries, which power electric vehicles (EV) and used to store energy, are expected to play a key role in India's goal to be a net zero emitter of greenhouse gases by 2070. The country is expe

China blue-chip stocks hit 5-year lows, yuan eases after Moody's move

RPT-China blue-chip stocks hit 5-year lows, yuan eases after Moody's move Repeats to additional subscribers SHANGHAI, Dec 6 (Reuters) - China's blue-chip stocks slumped to an almost five-year trough on Wednesday while the Chinese yuan extended losses, with market sentiment fragile after ratings agency Moody's cut China's credit outlook. Moody's issued a downgrade warning on China's credit rating on Tuesday, saying costs to bail out local governments and state firms and control its property crisi

Hong Kong shares of China's NIO rise most in 3 weeks after solid Q3

BUZZ-Hong Kong shares of China's NIO rise most in 3 weeks after solid Q3 ** Hong Kong-listed shares of Chinese electric vehicle (EV) maker NIO Inc 9866.HK climb 4.6% to HK$59.02, on course for the biggest one day pct rise since Nov 15, if gains hold ** Stock hits highest since Nov 24 on the second session of gain; second biggest pct gainer in Hang

Hollywood actors union ratifies three-year contract after strike

Hollywood actors union ratifies three-year contract after strike By Danielle Broadway and Lisa Richwine LOS ANGELES, Dec 5 (Reuters) - Members of the SAG-AFTRA actors union approved a three-year contract with major studios on Tuesday, formally ending six months of Hollywood labor disputes that halted film and television production. SAG - AFTRA said 78% of those who voted supported the deal with Netflix Inc NFLX.O , Walt Disney Co DIS.N and other members of the Alliance of Motion Picture and Tele
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China credit warning is well-timed plea for action

BREAKINGVIEWS-China credit warning is well-timed plea for action The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Chan Ka Sing HONG KONG, Dec 6 (Reuters Breakingviews) - Moody’s has put the country’s ratings on downgrade watch. It may seem tardy, given how long property woes and local government debt have vexed investors.

Iron ore gains on robust demand, easing concerns over market supervision

Iron ore gains on robust demand, easing concerns over market supervision SINGAPORE, Dec 6 (Reuters) - Dalian iron ore futures rose on Wednesday, buoyed by persistently strong demand, and as concerns over China's supervision of the markets to ensure price stability began to fade. The most-traded January iron ore on China's Dalian Commodity Exchange DCIOcv1 rose 1.3% to 974 yuan ($136.14) per metric ton as of 0300 GMT.
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China blue-chip stocks hit 5-year lows, yuan eases after Moody's move

China blue-chip stocks hit 5-year lows, yuan eases after Moody's move SHANGHAI, Dec 6 (Reuters) - China's blue-chip stocks slumped to an almost five-year trough on Wednesday while the Chinese yuan extended losses, with market sentiment fragile after ratings agency Moody's cut China's credit outlook. Moody's issued a downgrade warning on China's credit rating on Tuesday, saying costs to bail out local governments and state firms and control its property crisis would weigh on the world's second-la

Base metals rise on US interest rate-cut bets

METALS-Base metals rise on US interest rate-cut bets Dec 6 (Reuters) - Most base metal prices rose on Wednesday as investors and traders took increasing bets that the U.S. monetary policy tightening cycle might be over after job openings in that country fell to more than a 2-1/2-year low in October. Three-month copper on the London Metal Exchange CMCU3 rose 0.5% to $8,379 per metric ton by 0250 GMT, while the most-traded January copper contract on the Shanghai Futures Exchange SCFcv1 eased 0.5%

Australia's MLG Oz hits 2-month high on multiple Gold Fields contracts

BUZZ-Australia's MLG Oz hits 2-month high on multiple Gold Fields contracts ** Shares of mine-site service provider MLG Oz MLG.AX rise as much as 5.8% to A$0.550, their highest since Oct. 3 ** Stock posts its biggest intraday pct gain since Oct. 24 ** Co receives contract to provide site services and haulage at Gold Fields' GFIJ.J Granny Smith gold

Australia's Latin Resources rises on lithium ore increase at Brazil project

BUZZ-Australia's Latin Resources rises on lithium ore increase at Brazil project ** Shares of Latin Resources LRS.AX jump as much as 17.7% to A$0.200, their highest level since Nov. 24 ** Stock currently up 13.2%, on track for best day since Oct. 2 ** Diversified miner says drilling results show significant increase to lithium deposits at offshore

Australia's Desert Metals jumps most in 3 months on gold-lithium funding

BUZZ-Australia's Desert Metals jumps most in 3 months on gold-lithium funding ** Shares of Desert Metals Ltd DM1.AX rise as much as 74.4% to A$0.068, their biggest intraday pct gain since Sept. 1, if gains hold ** Stock posts its highest since Sept. 8 ** Co says it received firm commitments of A$3.75 million ($2.47 million) for over-subscribed capi

Australia's Evolution Mining faces worst day in 1-1/2 yrs on discounted placement

BUZZ-Australia's Evolution Mining faces worst day in 1-1/2 yrs on discounted placement Updates comment from Morgan Stanley ** Shares of Evolution Mining EVN.AX fall as much as 15.9% to A$3.47, their biggest intraday fall since June 27, 2022 ** Gold miner says it has completed institutional placement to raise A$525 million ($343.93 million) ** Adds

Palm oil declines for fourth straight day on weak rival oils

VEGOILS-Palm oil declines for fourth straight day on weak rival oils JAKARTA, Dec 6 (Reuters) - Malaysian palm oil futures fell for a fourth session on Wednesday and hit a five-week low, tracking weakness in rival vegetable oils despite expectation of lower end-November inventories. The benchmark palm oil contract FCPOc3 for February delivery on the Bursa Malaysia Derivatives Exchange lost 84 ringgit, or 2.22%, to 3,697 ringgit ($791.31) during early trade.

Hong Kong's Swire Pacific hits near 3-mth peak on share buyback plan

BUZZ-Hong Kong's Swire Pacific hits near 3-mth peak on share buyback plan ** Shares of conglomerate Swire Pacific 0019.HK jump as much as 15.6% to HK$58.90, their highest since Sept 11, on their second session of gain ** Stock on track for the biggest one-day pct rise since October 1998, if gains hold; biggest pct gainer in Hang Seng Composite Inde
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Despite China jitters, Taiwan stocks soar as investors buy in before election

Despite China jitters, Taiwan stocks soar as investors buy in before election By Faith Hung and Rae Wee TAIPEI/SINGAPORE, Dec 6 (Reuters) - Taiwan's stock market is soaring ahead of elections next month that will shape relations with China, which claims the island as its own, as investors look past political risk and potential for conflict and bet on success for chipmakers and other exporters.
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Myanmar central bank to no longer set forex rates

UPDATE 1-Myanmar central bank to no longer set forex rates Adds context, background from paragraph 3 onwards Dec 6 (Reuters) - Myanmar's central bank will no longer set exchange rates for foreign currencies and will allow banks and licensed dealers to decide their own rates, state media reported on Wednesday, in a rare easing of some of its tight controls.

India Morning Newsletter, December 6

India Morning Newsletter, December 6 To access a PDF version of this newsletter, please click here If you would like to receive this newsletter via email, please register at: https://solutions.refinitiv.com/MNCIndiaSubscriptionpage For an index of our newsletters click on NEWSLETTERS

China's state planner issues draft rules for coal production reserve system

China's state planner issues draft rules for coal production reserve system BEIJING, Dec 6 (Reuters) - China will establish a coal production reserve system by 2027 to improve the resilience and elasticity of the country's coal supply, according to draft rules issued by the state planner for public comment on Wednesday. The production reserve system, announced amid a concerted push for domestic energy security, is to have 300 million metric tons of "dispatchable" annual coal production by 2030,

China state banks selling dollars for second day to support yuan-sources

UPDATE 2-China state banks selling dollars for second day to support yuan-sources Adds onshore and offshore yuan price levels SHANGHAI, Dec 6 (Reuters) - China's major state-owned banks were selling U.S. dollars in the onshore spot foreign exchange market for a second day on Wednesday to support the yuan currency , three sources with knowledge of the matter said.
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Indian shares set to open at new record highs for third session

INDIA STOCKS-Indian shares set to open at new record highs for third session BENGALURU, Dec 6 (Reuters) - India's benchmark indexes are set to open at fresh record highs for the third session in a row on Wednesday, while the global market rally eased ahead of key U.S. data. India's GIFT Nifty GIFc1 was up 0.15% from its overnight close at 21,036.50 as of 8:20 a.m.
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