UPDATE 3-Infineon says IR integration ahead of plan, eyes fresh M&A FRANKFURT, Nov 26- German chipmaker Infineon's integration of its $3 billion acquisition of International Rectifier is running ahead of schedule, the company said on Thursday, helping it to report better than expected profits and leaving it free to consider its next move in a rapidly consolidating industry. Strong fourth-quarter results and comments by...
| By: Harro Ten Wolde and Eric Auchard
RPT-COLUMN-Maximum pain for commodities. Are we there yet?: Russell LAUNCESTON, Australia, Nov 26-- The dominant theme of commodity markets in recent months, in virtually every article or conversation at events, has been how much lower can prices possibly go. The answer is simple, they will stop falling when the point of maximum pain is reached. Even if one takes the view that prices have been hit by softer-than-expected demand...
| By: Clyde Russell
Greek pensioners take to streets ahead of expected cuts ATHENS, Greece— More than 2,000 pensioners chanting "We can't live on 300 euros" marched through central Athens to protest plans by the country's left-wing government to overhaul the pension system. Protests took place in Athens and 12 other Greek towns and cities Thursday against the proposed reforms that would merge major funds and make the system less...
Source: The Associated Press
Oil eases on glut, production outlook Oil fell as concerns that escalating violence in the Middle East would disrupt supply faded, and the focus returned to a persistent market glut.
METALS-Copper at near two-week high as funds reverse bearish bets LONDON, Nov 26- Copper prices bounced to their highest in nearly two weeks as the dollar's uptrend faltered and funds started to reverse some of their bets on lower prices. Benchmark copper on the London Metal Exchange was up 2.2 percent at $4,649 a tonne at 1108 GMT. The metal used in power and construction earlier hit $4,741, a high since Nov. 16.
| By: Pratima Desai
PRECIOUS-Gold at lowest in nearly six years on stronger dollar LONDON, Nov 26- Gold was trading near its lowest in nearly six years on Thursday, as the dollar held at multi-month highs after U.S. economic data reinforced expectations of an interest rate rise this year. Spot gold was unchanged on the day at $1,070.73 an ounce by 1103 GMT, not far off $1,064.95 hit last week, the lowest since February 2010. "The sense in the market is...
| By: Clara Denina
Egypt returns ex-governor Okda to central bank fold CAIRO, Nov 26- Egypt has appointed ex-central bank governor Farouk al-Okda to a high-level committee at the central bank as part of a reshuffle analysts say is aimed at helping steer the country out of a foreign exchange crisis. The move suggests that Egypt is headed for a change of course on monetary policy after the capital controls introduced by outgoing...