In blow to tax negotiators, Obama threatens veto

WASHINGTON, Nov 25 - President Barack Obama pledged on Tuesday to veto a deal still under negotiation in Congress that would make several expiring business tax breaks permanent.

PRESS DIGEST- British Business - Nov. 26

Nov. 26 - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

Stocks, M&A, Markets 8:15pm EST

GLOBAL MARKETS-Asia shares climb on US optimism, oil pressured before OPEC

* Crude oil extends losses ahead of Thursday's OPEC summit

Currencies, Markets, Stocks 7:30pm EST

UPDATE 2-New Jersey pension system funding plummets under new rule

Nov 25 - New Jersey's retirement system for public employees is in worse shape than previously reported, thanks to recent accounting changes that are starting to be rolled out across the country.

New York City sees smaller budget gaps in out years -forecast

NEW YORK, Nov 25 - New York City has lowered its forecasted budget gaps through 2018 due to stronger collections, debt service savings, and reduced pension contributions, according to an updated financial plan on Tuesday.

Markets, 6:15pm EST

UPDATE 1-In show of confidence, Americans take on more debt -survey

NEW YORK, Nov 25 - Total U.S. household debt rose slightly in the third quarter to a total of $11.7 trillion, according to a survey by the Federal Reserve Bank of New York, which pronounced the end of the crisis-era "deleveraging process."

Markets, Financials 6:14pm EST

Santander Mexico buys $300 mln of Scotiabank Mexico consumer loans

MEXICO CITY, Nov 25 - Santander's Mexico arm has agreed to buy around 4.1 billion pesos ($299.78 million) worth of consumer loans from Scotiabank's Mexico unit , the company said on Tuesday.

Financials, Stocks, Markets 5:56pm EST

UPDATE 1-New Jersey pension system funding plummets under new rule

Nov 25 - Under a new pension accounting method, New Jersey's retirement system for public employees is far more poorly funded than previously measured, the state said in a bond document on Tuesday.

UPDATE 1-Puerto Rico's PRASA eyes $770 mln bond issue for 2015-PRASA

SAN JUAN, Nov 25 - Puerto Rico's Aqueduct and Sewer Authority (PRASA) is working closely with the island's Government Development Bank (GDB) to arrange a bond issue of at least $770 million in the first half of 2015, PRASA head Alberto Lazaro said on Tuesday.

Markets 5:18pm EST

GLOBAL MARKETS-Stocks mostly higher, oil falls before OPEC talks

(Updates with closing New York prices) * U.S. shares knocked around by mixed U.S. data * Oil falls after talks with non-OPEC producers yield no cuts * Dollar undermined by drop in U.S. consumer confidence * European stocks touch two-month highs By Daniel Bases NEW YORK, Nov 25 - Wall Street stocks closed mixed on Tuesday with early gains pared after the lowest U.S. consumer confidence data since June took the wind out of a rally spurred by upwardly revised U.S.

Stocks, Currencies, Markets 4:56pm EST


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