METALS-Nickel leads broad rally amid possible output cuts *Copper, zinc also gain sharply in Shanghai, London. MANILA, Nov 26- Nickel in Shanghai surged more than 7 percent on Thursday amid expectations of production cuts, leading a broad-based rally in base metals after an early-week rout that pulled prices to multi-year lows. London copper, zinc and nickel jumped more than 3 percent, and copper and zinc in Shanghai...
| By: Manolo Serapio Jr
INTERVIEW-GSK in China: escaping the shadow of a scandal *GSK cut 40 pct of China sales reps after bribery scandal. SHANGHAI, Nov 26- GlaxoSmithKline Plc has cut 40 percent of its sales reps in China and axed some units as it eyes a return to growth in 2016, after sales plunged during a bribery scandal that landed it with a record $490 million fine in 2014.. The British firm is gambling on a new, cleaner image to reboot its...
| By: Adam Jourdan and Ben Hirschler
Is it time to get back into Malaysia’s market? Any benefits to Malaysia's markets from the sale of assets by the country's troubled economic development fund 1MDB may be limited to the currency, with analysts remaining downbeat on stocks.
| By: Leslie Shaffer
China's yuan flat for 3rd straight day on c.bank guidance SHANGHAI, Nov 26- China's yuan stayed flat against the dollar on Thursday for the third consecutive trading session after the central bank set the daily guidance rate marginally weaker. The People's Bank of China set the midpoint rate at 6.3896 per dollar prior to market open, 0.03 percent weaker than the previous fix 6.3877. Granting foreign investors greater...
Hang Seng, Kospi lead gains in Asia on ECB hopes Asian stocks rose on Thursday as traders cheered the prospect of fresh European stimulus even as new data reinforced expectations for tighter U.S. monetary policy.
| By: CNBC.com staff
Philippine economy grew 6 percent in 3Q as services expanded MANILA, Philippines— Officials say the Philippine economy expanded 6 percent in the third quarter and forecast the same growth rate for the full year. The main driver of the economy in the third quarter was service industries, which expanded 7.3 percent. Economic Planning Secretary Arsenio Balisacan said Thursday the data is "an encouraging sign of a steadily...
Source: The Associated Press