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  • LONDON, Oct 2- The dollar edged higher on Friday, as investors eyed a U.S. employment report that may bolster expectations the Federal Reserve will raise U.S. interest rates this year for the first time in almost a decade. But it has since gained around 2.5 percent against a basket of major currencies, as Fed Chair Janet Yellen and other U.S. policymakers have kept...

  • LONDON, Oct 2- Investment banking fees slumped in the third quarter, with the volatility that swept through global financial markets resulting in the slowest three months for fees in almost four years, according to figures published by Thomson Reuters on Friday. Led by a 30 percent decline in initial public offering fees, total equity underwriting income in the...

  • *Corn, soy under pressure from large U.S. harvests. LONDON, Oct 2- U.S. wheat futures fell back slightly on Friday but remained on course for a fourth consecutive weekly gain with dry weather in Russia still a major concern but overall supplies seen ample. "Russia is a big issue because of the dryness," said Ole Houe, an analyst at brokerage IKON Commodities in Sydney.

  • Cerberus Capital Management LP will move ahead with the IPO despite volatile stock markets, underscoring the private equity firm's confidence that it can fetch a high valuation for Albertsons, Reuters reported in September. Albertsons is selling 65.3 million shares in the IPO and expects to raise up to $1.7 billion, it said in a regulatory filing on Friday.

  • *Bombings in Syria introduce Middle East risk premium. LONDON, Oct 2- Oil edged higher on Friday on fears about escalating violence in Syria and on expectations that data would show economic strength in the United States, the world's largest oil consumer. The oil market was factoring in a risk premium over Syria, where Russia and the United States are conducting...

  • Oct 2- J.C. Penney Co Inc said Prudential Insurance Co of America will take over administration and benefit payments to 43,000 retirees as part of a plan that will reduce its $5 billion U.S. pension obligation by up to 35 percent. The department store operator said about 12,000 retirees and surviving beneficiaries of the company's qualified pension plan had...

  • *Eldorado halted from developing mine in northern Greece. ATHENS, Oct 2- A Canadian company appealed to Greece's top court on Friday to overturn a ban on its plans to develop a gold mine in a forested area of northern Greece, in a case widely seen as a test of the leftist government's approach to foreign investment. But a day before resigning to call a general election,...

  • *Extended drought seen in southern Africa, floods in east. POTCHEFSTROOM, South Africa, Oct 2- Standing waist-deep in a hole, South African maize farmer Tom van Rooyen digs at the side with a small pickaxe. Poor rains are forecast for South Africa's maize belt because of the El Nino weather pattern, expected to bring more drought to already-parched southern regions...

  • *Copper stocks in LME approved warehouses lower. LONDON, Oct 2- Copper was steady on Friday as falling stocks and output cuts offset a firmer dollar and worries about weak demand growth in top consumer China. In China, bonded inventories fell 120,000 tonnes through September, Citi analyst David Wilson said.

  • US STOCKS-Futures up ahead of September jobs data Friday, 2 Oct 2015 | 7:03 AM ET

    *The Labor Department's report, due at 8:30 a.m. ET, is expected to show U.S. employers added 203,000 jobs last month, a brisk enough pace to show the U.S. economy's resilience. *Financial markets have been roiled by worries about a global economic slowdown, particularly in China. The Institute for Supply Management said on Thursday its index of U.S. factory...

  • ATLANTA, Oct 2- Wal-Mart Stores' expanding network of large distribution centers will allow it to deliver packages throughout the United States in two days, setting it up to compete more efficiently in online holiday sales, a senior executive said on Thursday. Bender was speaking after an event to mark the opening of one of the new warehouses- a 1.2 million square...

  • FRANKFURT, Oct 2- European Central Bank supervisors should be more transparent in their work, a top German regulator argued on Friday, showing the frictions that dog the new regime to monitor lenders. Last year, the ECB took over the role of supervising big banks across the 19- country euro zone, setting it on a collision course with regulators who had previously...

  • BATROVCI, Serbia/ BUDAPEST, Oct 2- Border closures and tighter controls caused by record numbers of migrants are clogging up trade in southeast and central Europe, driving up costs and forcing transport companies to seek other routes. Freight traffic through Serbia was severely disrupted when Hungary and Croatia closed their borders last month to cope with...

  • TOKYO, Oct 2- Prime Minister Shinzo Abe is rewriting "Abenomics", shifting his focus away from long-term structural reforms to quick-fix crowd-pleasing measures as he looks to boost popular support ahead of upper house elections next year, sources say. That means the government will look at bringing in fresh fiscal stimulus measures later this year, while the...

  • LONDON, Oct 2- The commodities "supercycle", it is now generally accepted, is over. Slowdown in China, the lynchpin of the whole concept, is turning out to be a lot harder than anyone expected with industrial metal prices sliding across the board. Zinc's "supercycle" price peak of $4,580 per tonne, basis three-month metal on the London Metal Exchange, came in November...

  • *Energy stocks rise as Syria fears push up oil price. German utilities RWE and E.ON were also among the best performers in Europe, with both climbing more than 6 percent after Societe Generale upgraded RWE to "hold" from "sell." Concerns over an economic slowdown in China and uncertainty over the end of almost a decade of monetary expansion in the United States have...

  • Oct 1- Albertsons Companies Inc, the second-largest U.S. grocery chain after Kroger Co, said it expected its initial public offering to price between $23 and $26 per share, valuing the company at up to $12.35 billion. The company is selling 65.3 million shares in the IPO and expects to raise up to $1.7 billion, it said in a regulatory filing on Friday.

  • PARIS, Oct 2- The Paris Prosecutor has opened a preliminary inquiry into suspected "aggravated deception" by Volkswagen, an official from the Prosecutor's office told Reuters on Friday. France's consumer protection code allows for prison sentences of five years and a fine of 600,000 euros for aggravated deception, the Prosecutor's office said.

  • LONDON, Oct 2- Substantially lower oil prices are on the way to rebalancing the oil market, as demand accelerates and both shale and other non- OPEC oil production turns down. All three major statistical agencies forecast China will contribute about one quarter of global demand growth in 2015, underscoring the country's critical importance to the oil market.

  • *Drop in tourists from China hits sales. HONG KONG, Oct 2- Hong Kong retail sales fell for the sixth straight month in August as a drop-off in tourist arrivals from mainland China and its economic slowdown took a bite out of the luxury goods business. On Wednesday, Financial Secretary John Tsang told Reuters that Hong Kong is looking at a "new normal" economic growth...