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  • JERUSALEM, Aug 27- The Bank of Israel warned the government on Wednesday that the budget deficit would reach at least 3.5 percent of gross domestic product in 2015 if taxes aren't raised and state spending is not reduced.

  • Spanish chain pulls kids' shirt after outcry Wednesday, 27 Aug 2014 | 9:22 AM ET

    MADRID— Spanish fashion retailer Inditex said Wednesday it has withdrawn a children's shirt that triggered an outcry from people who said it was reminiscent of the clothes Jews were made to wear at Nazi concentration camps.

  • FOREX-Euro falls widely on ECB easing speculation Wednesday, 27 Aug 2014 | 8:45 AM ET

    *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.

  • Journalist killing highlights role of freelancers Wednesday, 27 Aug 2014 | 4:47 AM ET

    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."

  • Once 'Best in the West', Israel's economy shows cracks Tuesday, 26 Aug 2014 | 9:57 AM ET

    *War with Hamas weighing on consumers, industry, tourism. *Bank of Israel has cut interest rates twice; at record low. The war against Hamas in Gaza, which ran into a 50th day on Tuesday, has taken a heavy toll, hitting tourism, slowing consumer spending as people stay indoors and denting manufacturing, especially in plants close to Gaza.

  • Founded in Gaza in 1987, Hamas now stretches across region. JERUSALEM/ GAZA, Aug 25- Founded by just seven people in Gaza, Hamas now has political and military leaders spread across the Arab world, complicating its ability to send a unified message for negotiating an end to a seven-week war with Israel.

  • JERUSALEM, Aug 25- Fears that weeks of fighting with Hamas will harm an Israeli economy already hurt by a global slowdown led the Bank of Israel to reduce interest rates for a second month in a row on Monday.

  • ISTANBUL, Aug 24- Tayyip Erdogan's caustic rhetoric has won him the devotion of Turkey's conservative Islamic heartlands, from his dismissal of political enemies as "worse than leeches" to his comparisons of Israel's actions in Gaza to those of Hitler.

  • ROME, Aug 24- The euro zone's growing fears of deflation will be stirred again on Friday when preliminary consumer price data for August is issued, with signs the European Central Bank could be looking at bolder steps to help the region's stagnant economy.

  • Asian stocks higher after S&P 500 record close Thursday, 21 Aug 2014 | 4:34 AM ET

    Hewlett-Packard rose after delivering better results, while Sears plunged after reporting that its loss doubled from a year ago. Hewlett-Packard was the biggest gainer among the major indexes. The technology giant rose $1.88, or 5.4 percent, to $37.00 after reporting better-than-expected results and its first sales increase in nearly three years.

  • DIARY - Emerging Markets Economic Events to Sep 3 Wednesday, 20 Aug 2014 | 8:02 PM ET

    Aug 21- For other related diaries, please. NEW DELHI- Indian Finance Minister Arun Jaitley will attend a banking event in New Delhi. NEW DELHI- RBI Deputy Governor Rama Subramaniam Gandhi will participate in a panel discussion on G20- 0830 GMT.

  • LONDON, Aug 20- China's economy is slowing. Japan's sank in the second quarter. In a world preoccupied by geopolitical crises- from Ukraine, Iraq and Gaza to the Ebola outbreak in West Africa- the global economy has taken something of a back seat.

  • Egypt says rolling blackouts to end in 4 months Wednesday, 20 Aug 2014 | 7:38 AM ET

    CAIRO— Top officials in Egypt promised Wednesday to end the rolling blackouts hitting the country in four months, blaming the outages on a fuel shortage, hot weather and poor maintenance of power plants. Neighborhoods in Egypt sink into darkness for hours during the day, leaving millions without power.

  • SINGAPORE, Aug 20- Gold was stuck firmly below $1,300 an ounce on Wednesday and looked likely to extend losses to a fourth session as strong U.S. economic data bolstered stock markets, dimming bullion's appeal as a safe haven. *Spot gold had slipped about 70 cents to $1,294.60 an ounce by 0026 GMT, after dropping 1.3 percent in the last three sessions.

  • TOKYO, Aug 20- U.S. crude oil futures rose closer to $95 in early Wednesday trade, after tumbling close to $2 in the previous session, on a deeper than expected petroleum stock fall and increased tensions in the Middle East.

  • *Wall St boosted by Home Depot results, housing data. NEW YORK, Aug 19- Wall Street got a lift from the U.S. housing sector and extended a global stock markets rally on Tuesday as investors shifted focus from political crises to expectations monetary policy will remain accommodative.

  • JERUSALEM, Aug 19- Israel launched attacks in the Gaza Strip on Tuesday and recalled its negotiators from truce talks in Cairo after saying three Palestinian rockets had hit southern Israel, hours before a ceasefire was due to expire. A Reuters correspondent saw an Israeli plane fire a missile east of Gaza City.

  • JERUSALEM, Aug 19- Israeli Prime Minister Benjamin Netanyahu on Tuesday ordered the military to attack in the Gaza Strip in response to rockets fired from the enclave into Israel, a government source said, hours before a truce between the sides was set to expire.

  • DIARY - Emerging Markets Economic Events to Sept 2 Monday, 18 Aug 2014 | 8:02 PM ET

    Aug 19- For other related diaries, please. WARSAW- National Bank of Poland holds Monetary Policy Council meeting. BANGKOK- Bank of Thailand will release the minutes of its August interest rate meeting.

  • *Ukraine, Middle East tensions ease. NEW YORK, Aug 18- U.S. Treasury debt prices fell on Monday after three days of gains as risk appetite returned following upbeat U.S. housing data and easing tensions in the Middle East and Ukraine.