Marc Ostwald, strategiest at Monument Securities, discusses foreign buyers in the London housing market and says many are leveraged.» Read More
*Aims to prevent a repeat of Argentina debt battle. LONDON, Aug 29- Banks, investors and other users of bond markets have agreed to change how they would deal with defaulting government debt, removing the right of veto from holdouts to avoid a repetition of the fracas over Argentina.
*Shares recover after Ukraine jitters sparked selling. Investors remain on edge over tensions between Russia and Ukraine after Ukraine said on Thursday that Russia had moved troops into the country. "Looking at Treasuries, worries about Ukraine are delivering some kind of support.
LONDON— Tesco shares have dropped sharply after Britain's largest retailer by revenue issued another profit warning and slashed its dividend to shareholders by 75 percent. Tesco says Dave Lewis, most recently an executive at Unilever, would start his job as CEO on Monday, a month earlier than planned.
*AstraZeneca shares up 2 percent. LONDON, Aug 29- Hopes for AstraZeneca's promising cancer drug pipeline were boosted on Friday by news the company had moved its immuno-oncology medicine MEDI-4736 into a mid-stage study in colorectal cancer.
LISBON, Aug 29- On June 9, with his 150- year-old Portuguese corporate dynasty close to collapse, patriarch Ricardo Espirito Santo Salgado made a desperate attempt to save it. The "cartas-conforto"- letters of comfort- were written on the letterhead of Banco Espirito Santo, a large lender controlled by the family.
*Share markets weak as Russia- Ukraine tensions swirl. LONDON, Aug 29- The euro was near a year low and on course for a fourth week of falls on Friday ahead of what was expected to be another stodgy euro zone inflation reading, and as tensions with Russia over Ukraine kept the region on edge.
SINGAPORE, Aug 29- Gold was little changed on Friday but was on track to post a monthly gain, as growing tensions between Russia and Ukraine stoked safe-haven demand for the precious metal. Gold was trading flat at $1,289.20 an ounce by 0306 GMT.
SINGAPORE, Aug 29- Gold hardly moved on Friday but was on track for its first monthly gain since June after some investors ditched equities and poured their money back into gold due to growing tensions between Russia and Ukraine. *Gold was little changed at $1,290.25 an ounce by 0030 GMT. Gold prices were more than $600 below a record hit in 2011..
NEW YORK— Imagine using your phone to snap a photo of the cool pair of sunglasses your friend is wearing and instantly receiving a slew of information about the shades along with a link to order them.
*Fire hits BP's largest U.S. refinery, at Whiting, Indiana. *Hope fades for Ukraine- Russia ceasefire deal. "There's better demand here in the U.S. than versus Europe," said Phil Flynn, an analyst with the Price Futures Group in Chicago, Illinois.
*More than 1,000 Russian troops in Ukraine- NATO. NEW YORK/ LONDON, Aug 28- Gold rose for a third consecutive session on Thursday as tensions over Ukraine increased and equity markets retreated, but analysts said the rebound could be short-lived due to strong U.S. economic growth and prospects of a U.S. interest rate hike.
NEW YORK, Aug 28- Stock markets around the world fell on Thursday after Ukraine said Russia moved more troops into the country, escalating the risk of the region's crisis spreading, as nervous investors shifted money into gold and U.S. and German government bonds.
Forecasts for 20 percent net annual returns from investing in shopping malls, office blocks or industrial complexes in countries from Zambia to Kenya is drawing in new investors, despite more immediate concerns in some countries about Ebola, terrorism or political stability.
GENEVA/ LAGOS Aug 28- The Ebola epidemic in West Africa could infect more than 20,000 people, the U.N. health agency said on Thursday, warning that an international effort costing almost half a billion dollars is needed to overcome the outbreak.
*Riyadh seeks strong Sunni representation in Iraq government. The Al Saud have long seen the conflicts in Iraq and Syria as a pivotal battle for the future of the Middle East, pitting Sunni Muslims against a radical, revolutionary, Shi'ite Iran.
ANKARA, Aug 28- Iraqi Kurdistan has shipped over 8 million barrels of oil from the Turkish port of Ceyhan since May, sources and energy officials said, as the autonomous region employs new tactics to establish independent oil sales in defiance of Baghdad.
*Fire hits BP's largest U.S. refinery, at Whiting, Indiana. LONDON, Aug 28- Brent crude oil steadied around $103 a barrel on Thursday, not far above 14- month lows on ample supply and lacklustre demand as global economic growth remained tepid.
*Shanghai rebar futures drop to record low. SINGAPORE, Aug 28- Spot iron ore hit a two-year low on Thursday and was on course to fall to its lowest since 2009 as tighter credit in China curbed purchases of imported cargoes, and iron ore futures in Dalian slumped to a contract low.
LONDON, Aug 28- European shares took a sharp tumble on Thursday as accusations by Ukraine that Russia had moved troops across the border brought a three-day global rally in risk assets to a shuddering halt. Ukrainian President Petro Poroshenko said Russian forces had entered Ukraine, and he convened his security and defense council to decide how to respond.
LONDON/ NEW YORK, Aug 28- An experimental Ebola vaccine from GlaxoSmithKline is being fast-tracked into human studies and the company plans to build a stockpile of up to 10,000 doses for emergency deployment, if results are good.