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  • MOSCOW— Ukraine asked Russia on Friday for lower gas prices for the winter and said Moscow should accept to write off a part of its loans to Kiev, as other international bondholders did this week. Gas disputes between Russia and Ukraine have led to cut-offs of supply in the past, and one standoff in 2009 caused serious disruptions in gas flowing from Russia via...

  • *Bull market "ageing" but very much alive- Citi. China's central bank injected 60 billion yuan into money markets on Friday, the second such move this week, while inflation data out of Germany later on Friday is likely to set the tone for the European Central Bank's meeting next Thursday as deflationary pressures rise around the world. Although global equities are...

  • *IMF always believed Greece's debt was unsustainable. WASHINGTON/ ATHENS, Aug 28- Many of the top brass of the International Monetary Fund always had concerns about the plans to bail out Greece. He slammed IMF forecasts for Greece as overly optimistic- "Panglossian."

  • *Havas outperforms after sales update. LONDON, Aug 28- European equities eased back on Friday, having already recouped all their losses from a bruising 8 percent correction earlier this week, with markets cooling off slightly despite hopes for more easy central bank policy. The movement of currencies is still bubbling away underneath, "said Paul Chesterton, a...

  • An investor looks at an electronic board showing stock information at a brokerage house in Nanjing, China.

    Squawk Box Live in Europe had updates and analysis on global markets as one of the most volatile trading weeks in history comes to an end.

  • *Dollar supported by robust U.S. LONDON, Aug 28- The dollar held steady against a basket of major currencies on Friday as a sense of calm returned to financial markets, capping off a tumultuous week when the greenback hit seven-month lows against the euro and the yen. It last stood at 121.05 yen.

  • ATHENS, Greece— Greece's new caretaker government, led by the nation's first female prime minister, was sworn in Friday and headed straight into a cabinet meeting as the country faces an election next month. Prime Minister Vassiliki Thanou, a top judge, and her cabinet will lead the country to elections on Sept. 20, following outgoing prime minister Alexis Tsipras'...

  • "Game of Thrones"

    As global markets reel from a brutal selloff and a subsequent rally, the cable and media industry has been battling a home-grown rout of its own.

  • U.S. stocks ended the day little changed Friday, letting investors breathe a little easier after a week where both the highs and lows were extreme. The market gave investors a hard jolt the first two days of trading this week on concerns about the health of China's economy. "People are taking a little bit of a pause," said Paul Springmeyer, senior portfolio manager at...

  • *Simple barcodes provide too little information. BERLIN, Aug 28- Growing demand for more information about the products we buy could mean the end of the simple barcode- the blocks of black and white stripes that adorn most objects for sale and are scanned five billion times a day. First used on a pack of Wrigley's Juicy Fruit chewing gum in 1974 in a store in Ohio,...

  • JACKSON HOLE, Wyo., Aug 28- Wild swings in world financial markets this week have shown how events in China can potentially disrupt the Federal Reserve's carefully scripted policy plans. "The years when China could keep on growing and pump things up- that's over. So you look around the world and ask who can take up the slack, and really the answer is nobody, "said Kevin...

  • NEW YORK, Aug 28- The nearly two-month-long slide in oil prices to 6-1/ 2 year-lows has been a boon to many so-called systematic funds, which trade based on technical signals or computer algorithms rather than fundamentals. While most market commentary has focused on the persistent glut in the global market caused by unrelenting OPEC output and surprisingly...

  • Aug 28- The oil market's 10 percent surge on Thursday offered a visceral reminder that many of its most active participants could not care less about global oil inventories, Saudi Arabia's stressed finances or the American shale revolution. For dozens of commodity trading advisors from Rotterdam to Chicago, so-called "systematic" funds that typically use...

  • SYDNEY, Aug 28- Copper edged down in Asian trading on Friday following strong gains overnight, but traders said the metal remained underpinned by a second day of resurgent Asian equities and higher oil prices. Wall Street rose sharply overnight thanks to revised U.S. gross domestic product data showing the economy grew faster than initially thought in the...

  • DIARY- Top Economic Events to Sept 10 Thursday, 27 Aug 2015 | 8:01 PM ET

    EDINBURGH, Scotland- Bank of England's Executive Director of Prudential Policy David Rule at the Credit Scoring and Credit Control XIV Conference, University of Edinburgh. REYKJAVIK- Launch of Economic Survey of Iceland 2015. NEW YORK- Federal Reserve Bank of Boston President Eric Rosengren speaks on the economic outlook before the Forecasters Club of New...

  • NEW YORK, Aug 27- Two former Rabobank traders urged a U.S. judge on Thursday to dismiss an indictment accusing them of engaging in a scheme to manipulate Libor, the benchmark interest rate at the center of a global investigation into misconduct at several banks. Lawyers for Anthony Allen and Anthony Conti told a Manhattan federal judge that prosecutors could not...

  • NEW ORLEANS, Aug 27- President Barack Obama said on Thursday urged the U.S. Congress to avoid contributing to global economic uncertainty and quickly pass a budget before a deadline at the end of September to prevent a government shutdown. He said Congress should avoid attaching to the bill "unrelated partisan issues," a reference to a tactic to use the must-pass...

  • NEW ORLEANS, Aug 27- President Barack Obama said on Thursday that the United States economy is strong and urged the U.S. Congress to quickly pass a budget and prevent a government shutdown to avoid contributing to global economic uncertainty. There's been a lot of reports in the news, and stock markets swinging, and worries about China and about Europe, "Obama said...

  • JOHANNESBURG, Aug 27- South Africa- focused platinum producer Lonmin Plc said on Thursday it expected full-year underlying cash costs to stay below its guidance, indicating that its deep cost-cutting measures were beginning to bear fruit. Lonmin said its unaudited cash costs were at 10,499 rand per PGM ounce at the end of July on a year-to-date basis and are...

  • NEW YORK, Aug 27- Oil rocketed more than 10 percent higher on Thursday, posting its biggest one-day rally in over six years as recovering equity markets and news of diminished crude supplies set off a short-covering scramble by bearish traders. The rally was aided by news of a force majeure on Nigerian oil exports declared by Shell and private data indicating...