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
RIO DE JANEIRO, Aug 27- Investors are warming up to a possible victory by Marina Silva in Brazil's presidential election as the popular environmentalist emerges as their best shot at avoiding four more years of a government they strongly dislike.
NEW YORK/ LONDON, Aug 27- Arabica coffee futures on ICE briefly rose above $2 a lb on Wednesday, extending the prior session's rally on concerns about output in top grower Brazil, while cocoa fell after vaulting to the highest since May 2011 in a one-minute rally.
*Palladium- backed fund shows hefty outflow; prices up. NEW YORK/ LONDON, Aug 27- Spot gold edged up on Wednesday as a lower dollar and lingering geopolitical tensions helped offset selling pressure from a record rally in U.S. equities.
*Cushing up 508,000 bbls- EIA. In its weekly report, the U.S. Energy Information Administration said U.S. crude oil stocks fell by a greater-than-expected 2.07 million barrels last week, but inventories at Cushing, the delivery point for U.S. crude futures, rose 508,000 barrels.
NEW YORK, Aug 27- The euro rebounded from a 13- month low on Wednesday after a report suggested the European Central Bank might not introduce more stimulus next week while major U.S. stock indexes were little changed, with the S&P 500 hovering just above the 2,000 milestone.
NEW YORK, Aug 27- The dollar softened on Wednesday as traders focused on riskier currencies, while the battered euro hit a 19- month low against the Swiss franc amid speculation the European Central Bank will resort to quantitative easing.
MOSCOW, Aug 27- Renault, the major carmaker with most at stake in Russia, could turn a market crisis to its advantage as Moscow considers a subsidy scheme to steady demand and a weaker rouble undermines rivals that make fewer parts locally.
*Cushing up 508,000 bbls- EIA. LONDON, Aug 27- Brent crude oil rose towards $103 a barrel on Wednesday, recovering from a 14- month low hit last week as traders monitored maintenance work in the North Sea and as U.S. crude oil inventories fell.
NEW YORK, Aug 27- Major U.S. stock indexes rose on Wednesday with the Standard& Poor's 500 holding around the 2,000 milestone, while bets the European Central Bank is on the brink of injecting more stimulus knocked the region's government bond yields to record lows.
*Euro hits lowest since January 2013 against Swiss franc. LONDON, Aug 27- The euro fell broadly on Wednesday, hitting a 19- month low against the Swiss franc, as speculation that the European Central Bank will resort to quantitative easing was fuelled by yet more bad news from the euro zone.
LONDON— A group of 130 business leaders in Scotland have signed an open letter arguing that the case for independence from Britain has not been made. The leaders say much is at stake but uncertainties surround a number of key issues should Scotland vote to break away from Britain on Sept. 18.
*JP Morgan calls for ECB rate cut next week. LONDON, Aug 27- German Bund yields reached record lows on Wednesday, as further evidence of the region's faltering economy fed market expectations for more European Central Bank stimulus.
CHICAGO— "Do-it-yourself" blood pressure measurements and medicine changes work better than usual doctor-office care in some patients, a study of older adults in England found.
KIEV, Aug 27- Ukraine needs "practical help" from NATO and expects the U.S.-led military alliance to make momentous decisions to this end at its summit in Wales in September, Prime Minister Arseny Yatseniuk said on Wednesday.
LONDON, Aug 27- The euro edged off its lowest point in almost a year on Wednesday as Germany's finance minister played down speculation over more European Central Bank monetary policy easing in the coming months.
WASHINGTON— Journalists James Foley, Steven Sotloff and Peter Theo Curtis all shared one thing in common when they were captured by Islamic militants in Syria, the title "freelance journalist."
LONDON, Aug 27- Brent crude oil rose towards $103 a barrel on Wednesday, recovering from a 14- month low hit last week as traders monitored maintenance work in the North Sea, although healthy global supplies limited gains.
*Germany's Schaeuble says Draghi comments' over-interpreted'. LONDON, Aug 27- German Bund yields fell back towards record lows on Wednesday, as further evidence of the bloc's faltering economy fed market expectations for more European Central Bank stimulus.
*Stocks buoyant, but Europe pauses for breath. LONDON, Aug 27- The euro extended its slide on Wednesday, hitting its lowest level in a year against the dollar as expectation grew that the European Central Bank will act soon to counter low growth and inflation.
*Newmont withdraws international arbitration against Indonesia. SYDNEY, Aug 27- The prospect of increased supply pushed London copper down on Wednesday from a three-week high hit in the previous session but growing confidence in U.S. economic growth kept a floor under prices.