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  • NEW DELHI, Aug 22- U.S.-based economist Arvind Subramanian is poised to be named as chief economic adviser to Prime Minister Narendra Modi's government, two sources at the finance ministry said on Friday. The appointment of Subramanian, a senior fellow at the Peterson Institute for International Economics, was recommended by Finance Minister Arun Jaitley.

  • JAKARTA, Aug 22- President-elect Joko Widodo will sit down with Indonesia's outgoing leader next week to discuss pressing economic issues, as investors closely watch for his cabinet picks and his plans to wind down a budget-sapping fuel subsidy scheme.

  • NEW DELHI, Aug 22- U.S.-based economist Arvind Subramanian is poised to be named as chief economic adviser to the Indian government, the finance ministry said on Friday.

  • HONG KONG, Aug 22- China shares edged higher at midday Friday, helped by blue-chips, and might produce a sixth straight weekly gain, which would be the longest such streak since March 2012. Hong Kong shares also rose, tracking gains in most other Asian markets after upbeat U.S. economic data sparked another record close on Wall Street.

  • China's yuan set for biggest weekly loss in two months Friday, 22 Aug 2014 | 12:04 AM ET

    HONG KONG, Aug 22- China's yuan is set to post its biggest weekly loss in two months on Friday thanks to a resurgent dollar and cooling expectations about the economy's outlook after recent data. Growth in China's vast factory sector slowed to a three-month low in August as output and new orders moderated, a preliminary private survey showed on Thursday.

  • Deported Mexicans find new life at call centers Friday, 22 Aug 2014 | 12:02 AM ET

    Raised in California from the age of 5, he was deported to Mexico in 2011 and found himself in a land he barely knew. But the 34- year-old Tijuana native feels right at home as soon as gets to work at Call Center Services International, where workers are greeted in English.

  • Russian import bans a boon for food tycoons Friday, 22 Aug 2014 | 12:00 AM ET

    MOSCOW, Aug 22- In the escalating dispute between Russia and the West over Ukraine, a group of businessmen with Kremlin connections are emerging as likely beneficiaries of the tit-for-tat sanctions.

  • *Gold steady after five-day losing streak. SINGAPORE, Aug 22- Gold held near a two-month low on Friday and was headed for its worst week in five, hurt by strong U.S. economic data and fears that the Federal Reserve could hike interest rates sooner than expected.

  • *ECB's Draghi also due to speak at Jackson Hole. SINGAPORE/ SYDNEY, Aug 22- The dollar hovered just below its 2014 peak against a basket of major currencies on Friday, with bulls turning cautious ahead of a speech by Federal Reserve Chair Janet Yellen.

  • AP Top Extended Financial Headlines At 11:41 p.m. EDT Thursday, 21 Aug 2014 | 11:41 PM ET

    Justice Dept. announces nearly $17 billion mortgage settlement with Bank of America Asia stocks open higher after Wall St record close; investors await Fed chief Yellen's speech Gap tops 2 Q profit expectations, meets revenue forecasts United Airlines is improving first class meal offerings in push to win over business travelers US Census study finds that rich got richer, poor poorer between 2000 and 2011 Home Depot says US retail head Craig Menear will become CEO; Frank Blake will remain chairman Airline industry trade group predicts Labor Day air travel will rise 2 percent over last year Family Dollar spurns Dollar General takeover bid on antitrust issues, backs Dollar Tree deal Measure of economy's future health posts 0.9 percent rise in July, biggest gain since March Housing recovery accelerates as sales of existing homes rise for a 4th straight month

  • AP Top Financial News At 11:41 p.m. EDT Thursday, 21 Aug 2014 | 11:41 PM ET

    Bank of America settlement likely to benefit few Asian stocks higher after S&P 500 record close Gap reports higher profit, plans India expansion United lures top fliers with promise of a hot meal Study: Wealth gap widened in the last decade Home Depot says Menear will become CEO on Nov. 1 Airline group forecasts uptick in Labor Day travel Family Dollar rejects Dollar General offer Gauge of US economy rises 0.9 percent in July US housing recovery appears to be back on track

  • MELBOURNE, Aug 22- Australian oil and gas producer Santos Ltd unveiled a new gas find off Western Australia on Friday giving the company new growth options, alongside its holdings in the east of the country and Papua New Guinea.

  • SHANGHAI, Aug 22- Thousands of truck drivers went on strike over salary and haulage rates in the eastern Chinese port of Ningbo this week, and a logistics firm said on Friday the industrial action was disrupting operations at the world's sixth busiest port.

  • *Libya loads 2nd cargo at largest port Es Sider. *Centurion to send more oil from Permian Basin to Cushing. The Organization of the Petroleum Exporting Countries pumped more oil in July despite conflicts in the Middle East and Africa.

  • JAKARTA, Aug 22- Indonesian stocks opened near a record high and the rupiah strenghtened on Friday, a day after the country's highest court gave Joko Widodo the green light to lead Southeast Asia's largest economy from its worst slowdown since the global financial crisis.

  • Nikkei rises for 10th day on strong U.S. shares, data Thursday, 21 Aug 2014 | 10:14 PM ET

    *Shinsei rises on report it plans to bid for Citi's Japan retail banking business. TOKYO, Aug 22- Japan's Nikkei share average rose for the 10th consecutive session on Friday morning thanks to a record close on Wall Street after upbeat U.S. economic data.

  • SAN FRANCISCO, Aug 21- California detectives are investigating a July computer theft at storied venture capital-firm Kleiner Perkins Caufield& Byers, a spokeswoman for the Menlo Park police said on Thursday. A spokeswoman and a lawyer for Kleiner Perkins did not immediately respond to a request for comment.

  • JGBs bounce but gains limited before Jackson Hole Thursday, 21 Aug 2014 | 9:46 PM ET

    TOKYO, Aug 22- Japanese government bonds rose on Friday as overnight U.S. In particular focus was a speech by Federal Reserve Chair Janet Yellen at Jackson Hole later in the session, which will be studied for any fresh signals about the timing of U.S. monetary policy measures.

  • Aug 21- U.S. federal prosecutors have learned that lawyers for General Motors Co were present at key meetings during which information about problems with some of its vehicles were discussed, a source close to the investigation said.

  • SINGAPORE, Aug 22- Gold held near a two-month low on Friday and was headed for its sharpest weekly drop in nearly three months, hurt by strong U.S. economic data and fears that the Federal Reserve could hike interest rates sooner than expected.