Exxon Mobil said the U.S. government has allowed it to wind down activity on a Russian Arctic drilling well that has been a target of U.S. sanctions.» Read More
*Athens building its own funding buffer- Greek finmin. Athens is anticipating further debt relief measures from its euro zone partners and the International Monetary Fund later this year after managing to shore up its finances and post a budget surplus before interest payments.
PARIS— Investigators probing the crash of an Air Algerie jet in July that killed all 116 people on board say they have no solid leads on the cause of the accident.
CAIRNS, Australia, Sept 20- Canada's finance minister said on Saturday commitments made by G20 countries came "very close" to the target of adding an extra 2 percentage points to global economic growth and he urged European governments to increase stimulus where they could.
*ECB waiting for results of current stimulus steps. *Noyer says euro zone "certainly not in deflation". FRANKFURT, Sept 20- The European Central Bank is not currently considering widening its asset purchases to include government debt, ECB Governing Council member Christian Noyer was quoted as saying on Saturday.
Apple new mobile payments system is winning over financial industry heavyweights, signaling the likely demise of lesser payment alternatives.
Left largely unspoken, though, are the deep worries in India over Chinese maneuvering in the Indian Ocean, where New Delhi's years of dominance is being chipped away by billions of dollars in aid from Beijing and gargantuan Chinese construction projects.
CAIRNS, Australia, Sept 20- As the Group of 20 leading economies meet to change no less than the "destiny" of the global economy, members remain divided on how to get there with Germany pushing back at U.S. calls for more government stimulus. That goal has seemed ever more distant as members from China to Japan, Germany and Russia have all stumbled in recent months.
KANSAS CITY- Federal Reserve Bank of Kansas City President Esther George gives welcome remarks at the Shift Innovation: Community Development Conference- 1330 GMT.
NEW YORK— Alibaba debuted as a publicly traded company Friday and swiftly climbed more than 40 percent in a mammoth IPO that offered eager investors seemingly unlimited potential for growth and a way to tap into the burgeoning Chinese middle class.
FRANKFURT, Sept 19- General Electric Co and Germany's Siemens are considering bids for compressor and turbine maker Dresser-Rand that could derail a merger between Dresser-Rand and Swiss pump maker Sulzer, according to media reports.
The IPO, which vaulted Alibaba founder Jack Ma into the ranks of tech billionaires like Bill Gates and Jeff Bezos, sets the stage for the Chinese e-commerce juggernaut to expand in the United States, Europe and Asia. Alibaba's closed price of $93.98 gave the company a market cap of $231 billion.
NEW YORK— Moody's Investors Services maintained its rating on United Kingdom government-backed bonds Friday, a day after voters in Scotland decided against national independence.
WASHINGTON, Sept 19- Exxon Mobil said on Friday it will wind down drilling in Russia's Arctic in the face of U.S. sanctions targeting Western cooperation with Moscow's oil sector, after the Obama administration granted a brief extension to safely mothball its operations. Washington extended sanctions on Russia last week over its aggression in Ukraine.
TORONTO, Sept 19- Canada's main stock index took its sharpest one-day hit in seven months on Friday as a broad array of stocks from banks to telecommunications and resource companies pushed it to a 1.7 percent decline for the week.
*Nationalist leader Alex Salmond concedes defeat, resigns. EDINBURGH, Sept 19- Scotland spurned independence and saved a union dating back 300 years in a historic referendum but its defeated leader said it would hold London to last minute offers of more power that could radically reshape the United Kingdom.
NEW YORK, Sept 19- Stock markets around the world closed flat on Friday as early gains failed to hold through the session, though the upward trend in equities continued and Alibaba soared in its historic U.S. trading debut. Alibaba Group, one of the biggest IPOs ever, ended up 38 percent at $93.89 on massive volume.
ATHENS, Greece— Greece's finance minister said Friday that his country will not seek additional rescue funds from other eurozone countries after bailout loans are completed this year, despite concerns from rescue lenders that an early general election could unravel years of painful cost-cutting reforms.
*Scotland to stay in UK but pound falls on profit-taking. NEW YORK, Sept 19- The dollar gained against a basket of major currencies on Friday, posting its 10th consecutive week of gains, as investors bet U.S. interest rates would rise more quickly than had been expected.
CHICAGO, Sept 19- U.S. wheat futures fell 2.9 percent to their lowest in more than four years on Friday, matching a similar low in Paris wheat futures, as a global supply glut overwhelmed demand and pressured prices.
SAN FRANCISCO, Sept 19- Holly Riggle, a 29- year-old white-collar worker from Ohio, is just the kind of everyday customer Apple Inc would love to have for its new iPhone 6, which launches Friday. But Riggle is sticking to her Android smartphone, calling Apple less "original" than it was under former Chief Executive Officer Steve Jobs.