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S.Korea orders recall of 125,522 Volkswagen vehicles

SEJONG, South Korea, Nov 26- South Korea on Thursday said its own testing showed that Volkswagen AG intentionally manipulated a diesel emissions device in vehicles with an older engine, and ordered the recall of 125,522 cars. In September, Europe's biggest auto manufacturer admitted that it installed software in up to 11 million diesel vehicles worldwide that...
Source: Reuters
Chinese company postpones canal project in Nicaragua

MANAGUA, Nicaragua— A Chinese company says it is delaying the start of construction on a $50 billion inter-ocean canal across Nicaragua until late 2016.. China's HKND Co. got approval of environmental studies for the canal earlier this month. But on Wednesday, a company statement said that "the construction of locks and the big excavations will start toward the...
Source: The Associated Press
Sony employees' hacking suit settlement gets preliminary OK

LOS ANGELES— A federal judge has given preliminary approval to a settlement of up to $8 million between Sony Pictures Entertainment and current and former employees related to the hack of the company's computers last year. Under the deal, Sony agreed to reimburse employees up to $10,000 apiece for identity-theft losses, to cover the cost of credit-fraud...
Source: The Associated Press
Argentina's automakers see Macri taking time to reboot economy

BUENOS AIRES, Nov 25- Argentina's automakers said on Wednesday the reforms promised by president-elect Mauricio Macri would take a while to bear fruit in Latin America's third largest economy and they expected their sector to remain stagnant throughout the first half of 2016.. Argentina's car industry has struggled in recent years due a stagnant domestic...
Source: Reuters
Gold near lows as US data supports Fed hike view

Gold hovered close to its lowest in nearly six years on Thursday, as the dollar held at multi-month highs and U.S. economic data reinforced market expectations of an interest rate hike this year.
Source: Reuters
Asian markets gain on ECB easing prospects

Asian markets rose on Thursday as traders cheered the prospect of fresh monetary stimulus in Europe.
Source: CNBC.com | By: CNBC.com staff
UPDATE 1-Big banks accused of interest rate-swap fixing in U.S. class action suit

The class action lawsuit, filed in U.S. District Court in Manhattan, accuses Goldman Sachs Group, Bank of America Merrill Lynch, JPMorgan Chase, Citigroup, Credit Suisse Group, Barclays Plc, BNP Paribas SA, UBS, Deutsche Bank AG, and the Royal Bank of Scotland of colluding to prevent the trading of interest rate swaps on electronic exchanges, like the ones on which...
Source: Reuters | By: Mike Kentz
Crude extends gains on small build in US stocks

U.S. crude futures headed higher for a fourth straight day on Thursday on the back of a smaller-than-expected build in U.S. inventories, but gains were limited in light trading due to the Thanksgiving holiday in the United States.
Source: Reuters
PRECIOUS-Gold near multi-year lows as U.S. data supports rate hike view

SINGAPORE, Nov 26- Gold hovered close to its lowest in nearly six years on Thursday, as the dollar held at multi-month highs and U.S. economic data reinforced market expectations of an interest rate hike this year. *Spot gold was little changed at $1,070.80 an ounce by 0031 GMT, after dropping 0.4 percent on Wednesday. *Gold had seen some safe-haven bids earlier in the...
Source: Reuters
UPDATE 3-Dow predicts EPA review of herbicide safety resolved soon

The EPA wants to study the product further after it found that the company's Dow AgroSciences unit claimed the two active ingredients work better together, according to court documents. "The information suggests that EPA's analysis may have understated the phytotoxicity of the product," the EPA said in the court filing. Dow Chemical said it has sent the EPA all...
Source: Reuters | By: Karl Plume