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  • Calpers exit could heap pressure on hedge fund fees Tuesday, 16 Sep 2014 | 5:07 PM ET

    BOSTON, Sept 16- The California Public Employees Retirement System handed fellow U.S. pension funds a hefty club to beat down hedge fund fees and demand better returns this week when it voted to pull out of hedge funds entirely, investors said.

  • Mining giants may hoard cash as iron ore prices sag Tuesday, 16 Sep 2014 | 5:00 PM ET

    Stung by slower growth in China, global miners have reined in expansion plans and brought in new management to sell assets and drive their mines harder, raising hopes that BHP Billiton alone could hand back up to $8 billion to investors.

  • *Gold still about $10 away from 8- month low. *Silver gains lift market out of oversold conditions. NEW YORK/ LONDON, Sept 16- Gold rose on Tuesday as a weaker dollar and rallying crude oil prices prompted bullion investors to cover bearish bets ahead of a closely watched policy statement by the Federal Reserve.

  • NEW YORK, Sept 16- The dollar fell to nearly two-week lows against the euro and Swiss franc on Tuesday, pressured by a report that said the Federal Reserve was unlikely to change its dovish stance on near-zero interest rates at a two-day policy meeting that ends on Wednesday.

  • *OPEC to cut output target in November meeting- Badri. *Russia to send troops to Crimea amid NATO exercises in Ukraine. NEW YORK, Sept 16- U.S. crude futures rose by more than $2 and Brent by more than $1 on Tuesday on the prospect of an OPEC production cut as well as on a weakening dollar and news that Libya had curbed output after rockets hit an area near a refinery.

  • *Russia to send troops to Crimea amid NATO exercises in Ukraine. NEW YORK, Sept 16- U.S. crude futures rose more by more than $2 and Brent by more than $1 on Tuesday on the prospect of an OPEC production cut as well as on a weakening dollar and news that Libya had curbed output after rockets hit an area near a refinery.

  • MALVERN, Pa., Sept 16- As U.S. investors race into Vanguard Group mutual and exchange-traded funds at breakneck speeds, the No. 1 mutual fund company's overseas operations have expanded at a comparative snail's pace.

  • LONDON, Sept 16- Roche's decision to buy U.S. biotech company InterMune for $8.3 billion last month was "exceptional" and not a sign of more ambitious plans for major acquisitions, the Swiss drugmaker's chief executive said on Tuesday.

  • LONDON, Sept 16- New international tax rules proposed on Tuesday could eliminate structures that have allowed companies such as Google Inc and Amazon.com Inc to shave billions of dollars off their tax bills.

  • *OPEC to cut output target in November meeting- Badri. NEW YORK, Sept 16- Brent and U.S. crude futures rose more than a dollar on Tuesday on the prospect of a possible OPEC production cut and on news that Libya curbed output after rockets hit an area near a refinery.

  • Lilly, AstraZeneca team up on Alzheimer's drug Tuesday, 16 Sep 2014 | 10:36 AM ET

    INDIANAPOLIS— Eli Lilly and Co. plans to pay up to $500 million to fellow drugmaker AstraZeneca as part of a collaboration to develop and sell a potential Alzheimer's disease treatment that is in the early stages of clinical testing.

  • FRANKFURT, Sept 16- U.S. buyout firm Blackstone is acquiring two office towers in Frankfurt, Germany, for a combined 350 million euros to bolster its real estate business, sources familiar with the matter said on Tuesday.

  • Airbus says in final stages of A320neo ground tests Tuesday, 16 Sep 2014 | 9:54 AM ET

    PARIS, Sept 16- Airbus is conducting the final stage of ground trials as it edges towards the keenly-awaited first flight of its revamped A320neo aircraft, the planemaker said on Tuesday. Airbus is sticking to its target for a first flight in the third quarter, or by the end of September, the spokesman said.

  • FOREX-Dollar inches lower ahead of Fed meeting outcome Tuesday, 16 Sep 2014 | 9:53 AM ET

    *Dollar in holding pattern ahead of Fed meeting. NEW YORK, Sept 16- The dollar slipped on Tuesday as investors booked profit on the currency's recent rally ahead of a Federal Reserve meeting that could potentially turn more upbeat on the U.S. economy and flag an interest-rate increase sooner rather than later.

  • *OPEC to cut output target in November meeting- Badri. LONDON, Sept 16- Brent crude oil rose above $98 per barrel on Tuesday, as the prospect of a likely supply cut from OPEC outweighed the impact of weak demand from the world's biggest energy consumers.

  • Oligarch buys Russia's most popular social media Tuesday, 16 Sep 2014 | 8:12 AM ET

    London- listed Mail.Ru Group said in a statement Tuesday that it now owns the whole of VKontakte following its purchase of a 48 percent stake from investment fund United Capital Partners. Mail.Ru first invested in VKontakte in 2007 and since then has spent over $2.1 billion accumulating stock.

  • *BNP Paribas tasked to find buyers for field- sources. LONDON/ LAGOS, Sept 16- France's Total SA, Europe's second largest oil company, has put one of its offshore Nigerian oil fields up for sale again, the company said, after a 2012 deal with Sinopec Corp failed.

  • LONDON, Sept 16- A renewed drop in the Australian dollar was the main move on major currency markets on Tuesday, with the dollar, euro and yen steady before potentially more dramatic events later in the week. Since then the Aussie has renewed its course, "said Graham Davidson, a spot currency dealer with National Australia Bank in London.

  • UPDATE 2-ASOS to cut prices after third profit warning Tuesday, 16 Sep 2014 | 6:57 AM ET

    LONDON, Sept 16- British online fashion retailer ASOS warned on profit for the third time in seven months, saying its needs to cut prices in international markets to reverse a sharp slowdown in sales growth.

  • *London pledges Scotland health spending powers. EDINBURGH, Sept 16- Britain promised to guarantee Scotland high levels of state funding, granting Scots greater control over healthcare spending in a last-ditch attempt to shore up support for the United Kingdom before Thursday's vote on independence.