Mis-selling risks grow with China's insurance sales army *China's insurers on recruiting surge for sales agents. *Mis-selling in Korea, Japan grew with part-time agents. In an immature market with less than half the penetration of the United States, and about a quarter of Japan's, China's insurers tapped the rising demand mainly by selling through banks, until regulators curtailed that channel last year over concerns...
| By: Lawrence White and Engen Tham
Precious metals funds post biggest outflow in 17 weeks -BAML LONDON, Nov 26- Precious metals funds posted their biggest net outflow last week in around four months, while investors kept up the rapid pace of inflows into money market funds, Bank of America Merrill Lynch said on Thursday. Investors pulled $1.0 billion out of precious metals funds in the four trading sessions to Tuesday, a period in which the dollar rose to its...
| By: Jamie McGeever
UPDATE 2-President says Zambia will not take over struggling copper mines *World Bank warns growth to fall below 4 pct in 2016. LUSAKA, Nov 26- Zambia will not take over mining firms that have shed jobs after a sharp fall in copper prices, President Edgar Lungu said on Thursday, backtracking from an earlier warning that the state would run the mines. Copper accounts for 70 percent of Zambia's export earnings, which have been further eroded by...
| By: Chris Mfula
European shares rise to three-month high in thin trade *Infineon soars after results, dividend beat expectations. MILAN/ LONDON, Nov 26- European shares hit fresh three-month highs on Thursday, rising in thin trade as expectations grew for aggressive European Central Bank action next week. A solid quarterly report from chipmaker Infineon and a rebound in metal prices also provided support.
| By: Danilo Masoni and Alistair Smout
Retailers love your phone on Black Friday As mobile usage increases, brands are beginning to rely more heavily on digital advertising to bring people to their brick-and-mortar locations.
| By: Michelle Castillo
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
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
UPDATE 1-Euro area lending picks up, won't prevent ECB action *Household, corporate loans grow fastest since Jan 2012. FRANKFURT, Nov 26- Euro zone lending expanded at its fastest pace in nearly four years in October, a welcome sign for the bloc's tepid recovery but unlikely to stop the European Central Bank from easing policy further next week. "It's too early to say we're at the start of a releveraging of the banking sector,"...
| By: Balazs Koranyi and Francesco Canepa