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  • Florida man gets 5 years in Pa. loan scam case Thursday, 14 Aug 2014 | 9:41 AM ET

    PITTSBURGH— A Florida man was sentenced Thursday to five years in federal prison for his role in an overseas loan scam that cost 47 investors on four continents more than $3.9 million. Attorney Leo Dillon told the sentencing judge the case involved "an enormous worldwide fraud," with victims in the United States, Germany, Switzerland, Hong Kong, Japan and Australia.

  • LONDON, Aug 14- The euro recovered from near nine-month lows against the dollar on Thursday on relief that the euro zone as a whole did not shrink in the second quarter, despite a contraction in its biggest economy, Germany.

  • *Copper prices to fall to $6,600 in months ahead- Goldman. LONDON, Aug 14- Copper fell to its lowest level since late June on Thursday on concerns about demand for the industrial metal after data showing Europe's biggest economy shrank in the second quarter and the Chinese property sector cooled.

  • SYDNEY, Aug 14- More wealthy Chinese are moving their money out of China to invest in Australia's property market as a corruption crackdown in the world's second biggest economy gathers momentum, property consultants and lawyers said.

  • LONDON, Aug 14- The euro hovered near nine-month lows against the dollar on Thursday, hurt by dismal data from Germany and France that cast further doubt over the euro zone's recovery and adds to expectations of more stimulus from the European Central Bank.

  • MELBOURNE, Aug 14- India's Adani Mining has won state approval to build a rail line for its $15 billion Carmichael coal project in Australia, it said on Thursday, bringing it a step closer towards making a final decision on whether to go ahead with the massive scheme.

  • DIARY - Top Economic Events to Aug 28 Wednesday, 13 Aug 2014 | 8:01 PM ET

    SYDNEY- RBA Payments Policy Department senior manager Jenny Hancock will participate in a panel discussion at the Risk Australia Conference, Sydney.

  • METALS-Copper slumps to 7-week low on China demand fears Wednesday, 13 Aug 2014 | 12:13 PM ET

    *Nickel prices could hit $25,000 by mid/late 2015- BNP Paribas. LONDON, Aug 13- Copper fell to a seven-week low on Wednesday, dragged down by disappointing data on top consumer China's property sector, which raised concerns about the outlook for the metal used in power and construction.

  • LONDON, Aug 13- Brent crude oil bounced off a 13- month low on Wednesday, paring early losses to trade near $103 a barrel as traders with one eye on potential supply disruptions in Iraq started buying. Brent for September delivery was down 7 cents at $102.95 a barrel by 1442 GMT. The Brent contract for October delivery was down 6 cents at $103.83 per barrel.

  • UPDATE 4-Brent crude oil rebounds off 13-month low Wednesday, 13 Aug 2014 | 9:14 AM ET

    LONDON, Aug 13- Brent crude oil bounced off a 13- month low on Wednesday, reversing early losses to trade back above $103 a barrel as traders with one eye on potential supply disruptions in Iraq started buying.

  • *Nickel prices could hit $25,000 by mid/late 2015- BNP Paribas. LONDON, Aug 13- Copper fell to a seven-week low on Wednesday, dragged down by disappointing data on top consumer China's property sector which raised concerns about the outlook for the metal used in power and construction.

  • BUSINESS-NEWS-SCHEDULE AT 0830 GMT / 4.30 AM ET Wednesday, 13 Aug 2014 | 4:52 AM ET

    FRANKFURT- Germany's biggest utility E.ON posts a 12 percent drop in first-half core profit, hit by a weakening economy in Russia and says it is concerned about the impact of the Ukraine crisis on its most important foreign market.

  • *OPEC output rose to five-month high in July- IEA. LONDON, Aug 13- Brent crude oil fell for a fourth straight day on Wednesday to its lowest in more than a year, dipping towards $102 a barrel as strong supplies overshadowed fears of disruptions from violence in OPEC members Iraq and Libya.

  • SYDNEY, Aug 13- London copper fell to its weakest since June on Wednesday after a string of reports on China's economy suggested a softening property market was proving a drag on growth, adding to concerns of a slowdown in Europe sparked by the Ukraine crisis.

  • *Immediate concerns on data, not Iraq tensions. SINGAPORE, Aug 13- Brent crude slipped below $103 a barrel on Wednesday to trade at its lowest level in more than a year as ample supplies counter disruption risks posed by tensions in Iraq and Libya.

  • Aug 13- Berkshire Hathaway Inc has hired two senior executives from American International Group Inc's Asia operations to boost its insurance business in the region, the Wall Street Journal reported citing people familiar with the matter.

  • LAUNCESTON, Australia, Aug 13- Coal miners in Australia have spent the past two years desperately cutting costs in a bid to survive falling prices, but this strategy is running out of steam.

  • Brent near 13-month trough below $103 on brisk supplies Tuesday, 12 Aug 2014 | 11:04 PM ET

    *Immediate concerns on China, U.S. data, not Iraq. SINGAPORE, Aug 13- Brent crude slipped below $103 a barrel on Wednesday to trade near its lowest level in more than a year as ample supplies countered any disruption risks posed by lingering tensions in Iraq and Libya.

  • Commonwealth Bank posts $8 billion annual profit Tuesday, 12 Aug 2014 | 8:48 PM ET

    SYDNEY— Commonwealth Bank of Australia, one of the nation's largest lenders, has posted a 13 percent increase in annual profit to 8.6 billion Australian dollars on Wednesday and expressed cautious optimism for the current fiscal year.

  • BAGHDAD, Aug 12- Iraq's new prime minister-designate won swift endorsements from uneasy mutual allies the United States and Iran on Tuesday as he called on political leaders to end crippling feuds that have let jihadists seize a third of the country.