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  • WASHINGTON, Sept 28- General Electric Co said on Monday it will move production of large, gas-powered engines to Canada from Waukesha, Wisconsin, along with 350 jobs, because the company cannot access financing through the U.S. In its latest salvo aimed at persuading Congress to renew the trade bank's expired charter, GE said it will invest $265 million in a new...

  • *China industrial profits shrink in August. Data showing that profits earned by industrial companies in China, the world's largest commodities consumer, declined at their fastest rate in four years in August has created fresh concern about manufacturing activity reports due later this week. Once again, weak economic data from China are generating headwind, "...

  • US BENCHMARK 10- YEAR TREASURY NOTE YIELDS FALL TO SESSION LOWS OF 2.12 PCT.

  • Sept 28- New York Federal Reserve Bank President William Dudley said on Monday the Fed remains on track for a likely rate hike this year and could reach its inflation target next year, faster than many other policymakers anticipate. The Fed "will probably raise rates later this year," with the Oct. 27-28 session "live" for the rate hike debate, Dudley said at an event...

  • NEW YORK, Sept 28- U.S. Treasury prices rose on Monday as concerns about the economic health of China and other big emerging markets hurt risk sentiment and increased demand for safe-haven U.S. bonds. An 8.8 percent drop in Chinese industrial firms' profits and a 30 percent plunge in miner Glencore's London- traded stocks triggered the latest round of jitters,...

  • WASHINGTON, Sept 28- General Electric Co said on Monday it will move production of large, gas-powered engines to Canada from Waukesha, Wisconsin, along with 350 jobs, because the company cannot access financing from the U.S. In its latest salvo aimed at persuading Congress to renew the trade bank's expired charter, GE said it will invest $265 million in a new...

  • GENERAL ELECTRIC SAYS GAS ENGINE MANUFACTURING WILL MOVE TO CANADA FROM WAUKESHA, WISCONSIN, DUE TO LACK OF US EXPORT FINANCING.

  • GE SAYS IT WILL MOVE 350 JOBS TO NEW CANADIAN PLANT, INVEST $265 MILLION; CANADA TO PROVIDE EXPORT FINANCE SUPPORT.

  • Analysts had said Apple was virtually assured to set a new record for iPhone sales with the inclusion of China, which many expect will soon be the company's largest market. He said the sales figures should ease investors' concerns about how Apple will fare amid economic turmoil in China. "Demand out of China looks white-hot," Ives said.

  • LUSAKA/ LONDON, Sept 28- Zambia's kwacha went into freefall on Monday, hit by a worsening outlook for key export copper as the metal's price hit a one-month low, amid fears that mining giant Glencore might further rein in its extensive operations in the country. "We have a double-whammy happening, meaning copper prices continue to soften, and production targets are...

  • ZURICH, Sept 28- Almost 129,000 Volkswagen group vehicles registered in Switzerland are affected by the rigged emissions testing scandal that has halted Swiss sales of new models equipped with the diesel motors in question, Volkswagen's Swiss distributor AMAG said. In a statement on Monday, AMAG said 128,802 VW cars registered in Switzerland were affected...

  • *R&D heads of VW brand, Audi, Porsche suspended- sources. The German company also suspended three top engineers as it tried to get to grips with a scandal which has knocked more than a third off its market value, threatens to rock the global car industry and could damage Germany's economy. Volkswagen has admitted cheating diesel emissions tests in the United States...

  • Sept 28- U.S. stock index futures were lower on Monday after data showed a better-than-expected increase in consumer spending in August, adding to the case for an interest rate increase this year. New York Federal Reserve President William Dudley added to the expectations of an early rate increase, suggesting the central bank could pull the trigger as soon as in...

  • Germany to set aside windfall for migrant crisis Monday, 28 Sep 2015 | 9:31 AM ET

    *Berlin wants to use 2015 windfall for migrants next year. BERLIN, Sept 24- Germany plans to set aside 5 billion euros in windfall income this year to help cover the cost of looking after asylum seekers in 2016 while sticking to its promise of keeping the budget balanced. The huge number of people fleeing war and poverty in the Middle East, Asia and Africa has forced...

  • LONDON, Sept 28- Switzerland's Roche has moved into pole position in the race to launch the world's first treatment for progressive multiple sclerosis but smaller players are working hard on rival approaches. "It's a very significant first," Roche's head of neuroscience clinical development Paulo Fontoura told Reuters on Monday, adding it was "hard to...

  • Sept 28- New York Federal Reserve Bank President William Dudley said the Fed remains on track for a likely rate hike this year and could move as soon as the upcoming meeting in October. At a morning event sponsored by the Wall Street Journal in New York, Dudley said he was confident that weak global economic conditions and the strong U.S. dollar would not...

  • CHICAGO, Sept 28- Alcoa Inc said on Monday it will split into two companies to separate its struggling aluminum smelting operations from production of lightweight metals for its faster-growing aerospace and automotive business. The news sparked a rally in Alcoa's shares, which were up nearly 6 percent at $9.60 in premarket trading. The split is expected to be...

  • BASRA, Iraq, Sept 28- Iraq's southern oil exports will rise modestly to around 3.25 million barrels per day in 2016, the head of state-owned South Oil Company has said, as the country struggles to boost production in the face of slumping crude prices. Shipments at the southern port of Basra, which include exports from supergiant fields supervised by SOC and other...

  • *European shares slump as Glencore underscores commodity concerns. An 8.8 percent drop in Chinese industrial firms' profits and a 30 percent plunge miner Glencore's London- traded stocks triggered the latest round of jitters, sending copper, which had stabilized somewhat, back below $5,000 a tonne. Zambia, where Glencore plans to lay off 3,800 workers saw its...