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UPDATE 2-Large China copper smelters agree to cut production in 2016

HONG KONG, Nov 28- Nine large copper producers in China have agreed an initial plan to cut refined metal production by more than 200,000 tonnes in 2016 or around 5 percent from this year's level, an executive at one of the producers said on Saturday. The agreement followed a meeting by the producers on Saturday in Shanghai to discuss coordinated output cuts to...
Source: Reuters | By: Polly Yam
Digital toy maker VTech says customer data stolen in breach

Nov 27- Electronic toymaker VTech Holdings Ltd said on Friday that it was the victim of a cyber attack that compromised information about customers who access a portal for downloading children's games, books and other educational content. VTech, which sells children's tablets, electronic learning toys and baby monitors, disclosed the attack in a statement on...
Source: Reuters | By: Jim Finkle
Dollar hits 8-month high as easing fears hammer euro

The dollar hit an eight-month high against a basket of currencies on Friday.
Source: Reuters
Gold hits near 6-year low, set for another weekly drop

Gold dropped almost two percent to a near six-year low on Friday, set for a sixth straight weekly decline under pressure from a firm U.S. dollar.
Source: Reuters
Who's a tiger economy these days? A goat

Tiger and goats exist at the opposite end of the food chain - but sometimes the humbler animal can win out. What are the economic implications?
Source: CNBC.com | By: Katy Barnato
UPDATE 2-Beijing considers bailout for stricken aluminum industry -sources

HONG KONG, Nov 27- China's state stockpiler is considering buying more than 1 million tonnes of aluminum from local smelters, sources said on Friday, an initial sign that Beijing could agree to the first major bailout in its embattled metals industry since 2009.. The potential purchase, worth over $1.5 billion at current prices, would be part of a broader plea for...
Source: Reuters | By: Polly Yam
PRECIOUS-Gold at near-6-year low, set for 6th straight weekly drop

*Silver, platinum, palladium head for weekly declines. LONDON, Nov 27- Gold dipped to its lowest level in nearly six years on Friday and was heading for a sixth straight weekly decline under pressure from a firm dollar and prospects of a U.S. interest rate hike next month. Spot gold fell 0.7 percent to $1,063.75 an ounce, its lowest since February 2010, and was down 0.6...
Source: Reuters | By: Clara Denina
UPDATE 1-Chinese nickel producers agree to slash output

SHANGHAI/ HONG KONG, Nov 27- China's nickel producers said on Friday they plan to slash output of refined metal and nickel pig iron, the first major coordinated move in the industry globally to lift prices out of their worst slump in more than a decade. The announcement followed a meeting by producers on Friday afternoon in Shanghai to discuss coordinated output...
Source: Reuters | By: Ruby Lian and Polly Yam
In rare move, Sinopec offers refineries bonus to export surplus diesel -sources

*Sinopec refiners offered $37.60/ T bonus for diesel exports. *Bonus scheme to cost Sinopec roughly $80 mln over 4 months. BEIJING, Nov 27- China's Sinopec Corp is offering its subsidiary refineries big incentives to export their diesel fuel, sources said, in a rare move that reflects the top Asian refiner's deepening concerns about a growing domestic glut.
Source: Reuters | By: Chen Aizhu and Adam Rose
UPDATE 1-Beijing considers buying more than 1 mln T of aluminum -sources

HONG KONG, Nov 27- China's state stockpiler is considering buying more than 1 million tonnes of aluminum from local smelters as it looks to shore up its embattled metals sector, two Chinese industry sources familiar with the move said on Friday. The State Reserves Bureau did not immediately respond to a request for comment. The purchase of primary aluminum would...
Source: Reuters | By: Polly Yam