There is nothing to stop an independent Scotland continuing to use the sterling, says David Simpson, economics professor at the University of Strathclyde.» Read More
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.
LONDON— Some 200 business leaders have offered support for the idea of Scottish independence from Britain, hitting back after a similar letter from other companies argued there are too many uncertainties surrounding the Sept. 18 vote.
LONDON, Aug 28- Gold rose for a third straight session on Thursday due to a softer dollar and equity markets as tensions between Ukraine and Russia ratcheted up, but the metal's rebound could be short lived on prospects of a U.S. interest rate hike.
BRUSSELS— Don't be fooled by Angela Merkel. "If you look at the family picture of these European summits for the past few years, there always is this blot of grey men in lookalike suits and the color of only a few women," said European political science Professor Hendrik Vos of Ghent University.
LONDON, Aug 28- The euro clung to modest gains and a rally in Europe's share and bond markets cooled on Thursday as investors put bets on possible fresh ECB stimulus next week on hold ahead of German inflation data.
*H1 revenue falls to $82.3 billion. LONDON, Aug 28- Revenue at the world's 10 largest investment banks fell 5 percent in the first half of the year, as continued weakness in fixed income trading departments outweighed a strong rebound in advisory services on deals, new data showed on Thursday.
The escalating conflict in Ukraine, disappointing retail earnings and profit outlooks combined to weigh down the market, eclipsing some good news on the U.S. economy and labor market. "The key driver was largely the Ukraine news and the uncertainty of what that means," said Erik Davidson, deputy chief investment officer at Wells Fargo Private Bank.
THANON NANG KLARN, Thailand— In a story Aug. 25 about insects being raised for food around the world, The Associated Press reported erroneously that the first cricket farm in the United States will open this year in Youngstown, Pennsylvania.
The argument goes something like this: Beyond failing to fix broken immigration laws, Congress hasn't even provided the government with enough resources to fully enforce the laws already on the books.