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  • FRANKFURT, Aug 8- Problems at Allianz's U.S. investment firm Pimco persisted in the second quarter as clients defected and margins slipped, posing a challenge for the chief executive of Europe's biggest insurer who aims to make a record group profit this year.

  • Treasuries climbed again on Friday, leaving benchmark yields at 14- month lows, amid a sell-off in global equities markets after President Barack Obama ordered targeted air strikes in Iraq.

  • Markets scramble to find answer to Argentina default Friday, 8 Aug 2014 | 10:11 AM ET

    NEW YORK, Aug 8- Investors, bankers and legal experts are scrambling to find ways to end Argentina's decade-long legal dispute with holdouts before acceleration complicates the situation for all parties involved.

  • Aug 8- Shares of Canada's Tekmira Pharmaceutical Corp jumped as much as 25 percent in early trading on Friday, after a regulator cleared its experimental Ebola drug for potential use in humans infected with the virus.

  • DETROIT, Aug 8- Volkswagen AG is more than doubling a three-year-old recall of its Chrysler-built Routan minivans that have ignition switches that can be knocked into the accessory position and shut off the engine, according to documents filed with U.S. safety regulators.

  • STOCKHOLM, Aug 8- Online music streaming service Spotify has re-advertised a job for a regulatory filings expert this week, half a year after the position was originally posted in February when it sparked speculation the firm could be preparing to go public.

  • WASHINGTON, Aug 8- U.S. wholesale inventories rose less than expected in June, which could have an impact on the growth estimate for the second-quarter. The Commerce Department said on Friday wholesale inventories increased 0.3 percent after a downwardly revised 0.3 percent gain in May.

  • *Russia eyes meat, milk imports from Latin America. MOSCOW/ ISTANBUL, Aug 8- Turkey and Latin American countries such as Brazil look likely to emerge as key winners from Russia's decision to ban most European Union and U.S. food imports in retaliation for Western sanctions over Moscow's role in Ukraine.

  • BAGHDAD/ WASHINGTON, Aug 8- U.S. warplanes struck Iraq on Friday for the first time since American troops pulled out in 2011, attacking Islamist fighters advancing towards the Kurdish region after President Barack Obama said Washington must act to prevent "genocide".

  • BUENOS AIRES, Aug 8- Argentina has no expectations that the U.S. judge at the centre of its debt battle with holdout investors that has plunged the country into default will take steps to help resolve the saga, a senior government minister said on Friday.

  • NEW YORK, Aug 8- U.S. stocks rose at the open on Friday as optimism over the Russia- Ukraine crisis offset concerns about the implications of U.S. air strikes on Iraq.

  • TOKYO, Aug 8- SoftBank Corp's billionaire CEO said he chose a "streetfighter" to turn around U.S. carrier Sprint Corp, which faces an uphill battle for growth after abandoning plans to acquire rival T-Mobile US Inc.

  • LONDON, Aug 8- Brent crude pared gains to trade below $106 on Friday, having been up more than $1 after the United States approved air strikes against Islamist militants in northern Iraq, raising concerns over oil supplies from OPEC's second-largest producer.

  • Argentina: hopes of a deal strengthen Friday, 8 Aug 2014 | 9:25 AM ET

    NEW YORK, Aug 8- Holdout creditors are considering an offer from international banks of 80 cents on the dollar for at least part of their holdings of about US $1.66 bn of Argentina debt, but the road to any deal will be fraught with difficulty.

  • *Asset managers to accept proposals charging for orders. LONDON, Aug 8- Asset managers will agree to pay more for currency "fixing" services when they respond later this month to proposals by global regulators for reforms of foreign exchange benchmarks, industry sources said on Friday.

  • DETROIT, Aug 8- Volkswagen AG is more than doubling a three-year-old U.S. recall of its Chrysler-built Routan minivans that have ignition switches that can be knocked into the accessory position and shut off the engine, according to documents filed with U.S. safety regulators.

  • The outbreak began in the forests of eastern Guinea in February. Its epicenter has spread to Sierra Leone and Liberia, while cases have also been recorded in Nigeria. Below is a compilation of recent statements by companies with operations in Sierra Leone, Liberia, Guinea or neighboring countries.

  • US STOCKS-Wall St set to rise on Russia bets Friday, 8 Aug 2014 | 9:05 AM ET

    NEW YORK, Aug 8- U.S. stocks were set to rise Friday, with futures reversing earlier losses, as optimism over the Ukraine crisis offset concerns over the implications of U.S. air strikes on Iraq. Market participants said a rebound in U.S. stock index futures Friday was kindled by a report which said Russia was aiming to de-escalate the conflict in Ukraine.

  • *Second-quarter productivity rises at 2.5 percent pace. WASHINGTON, Aug 8- U.S. nonfarm productivity rebounded more strongly than expected in the second quarter, but a sharp slowdown in unit labor costs pointed to still-tame wage pressures that could give the Federal Reserve room to keep interest rates low for a while.

  • *Shares cut losses, Bunds pare gains as Iraq concerns settle. LONDON, Aug 8- World shares and the dollar fell on Friday and oil and gold rose after President Barack Obama authorized targeted air strikes in Iraq, stoking fears of another drawn-out conflict in the region.