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Nov. 24 (Bloomberg) -- Copper rebounded from a five-week low amid speculation the price drop attracted buyers in China, the biggest consumer, and after the country lowered reserve requirements for 20 rural cooperative banks, adding to signs it may allow greater credit growth as the economy slows.
-- The yen rose against most of its major peers, while Asian stocks and South Korea’s won declined after a German bund auction fell short of its target and companies including HTC Corp. cut their outlook on earnings. NSN LV5IH50YHQ0X <GO>
-- China widened efforts to support cash-strapped companies in Zhejiang and rural areas hit by a credit squeeze that’s slowing the second-largest economy just as Europe’s debt crisis saps export demand. NSN LV5KRT6JTSE8 <GO>
-- Standard and Poor’s said Japanese Prime Minister Yoshihiko Noda’s administration hasn’t made progress in tackling the public debt burden, an indication it may be preparing to lower the nation’s sovereign grade. NSN LV5K046TTDSU <GO>
-- German business confidence probably fell to a 20-month low in November as the euro area’s worsening debt crisis threatens to tip the economy into recession. NSN LV4HQG6JIJVI <GO>
-- Italian Prime Minister Mario Monti may press German Chancellor Angela Merkel and French President Nicolas Sarkozy to ease euro-area budget goals and assist growth as Europe’s economy comes to a standstill. NSN LV4ILS6KLVR5 <GO>
-- Chinese banks are “extremely fragile” because the lenders don’t have enough capital to offset bad loans, said Jim Chanos, president and founder of the $6 billion hedge fund Kynikos Associates Ltd. NSN LV4ZES1A74E9 <GO>
-- Oil futures for January delivery rose 0.6 percent to trade at $96.75 a barrel on the New York Mercantile Exchange at 3:43 p.m. in Singapore today. NSN LV5MW36JTSE8 <GO>
-- The Indonesia Tin Association will ask PT Timah, the world’s largest exporting company, to stop all shipments to support global prices, said Johan Murod, general secretary of the producer group. NSN LV58500UQVI9 <GO>
-- Codelco, Chile’s state-owned copper producer, will seek talks with Anglo American Plc to resolve a dispute over an option agreement related to the London-based company’s Sur copper assets, President Sebastian Pinera said. NSN LV53UC6JTSEB <GO>
-- JFE Holdings Inc., Japan’s second-largest steelmaker, will cut steel output by 300,000 metric tons in the October-to- December quarter, as flooding in Thailand curb demand, company president Eiji Hayashida said. NSN LV5EQT6JTSE8 <GO>
-- Mitsubishi Corp. agreed to pay partner Murchison Metals Ltd. A$325 million ($315 million) for its stakes in two ventures, giving Japan’s largest trading house control of iron ore mine, rail and port projects in Australia. NSN LV519D0UQVI9 <GO>