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  • AMSTERDAM, Sept 29- Dutch prosecutors said on Tuesday they have raided Uber's European headquarters in Amsterdam as part of a criminal investigation into whether the company is offering illegal taxi services. A spokeswoman for the Netherlands' national financial crimes prosecutor said Uber had previously been fined 450,000 euros by the country's...

  • UPDATE 1-UK grocer Morrisons boosts staff pay Tuesday, 29 Sep 2015 | 8:22 AM ET

    LONDON, Sept 29- Morrisons, Britain's fourth-largest supermarket chain, has become the country's latest retailer to raise its pay for store staff to a level above a compulsory "national living wage" due to be introduced by the government next year. In July the government said Britain's hourly minimum wage will rise from April next year to 7.20 pounds for those...

  • BERLIN, Sept 29- German hoteliers are mixing humanitarian concerns with business sense to accommodate asylum seekers as the winter approaches- and fill thousands of otherwise unwanted rooms. With Germany struggling to shelter the record number of 800,000 migrants expected to arrive this year alone, local authorities are increasingly resorting to putting...

  • Sept 29- Novavax Inc said data from a mid-stage study showed that immunizing pregnant women with its RSV vaccine was effective in protecting infants from a common respiratory virus. The Maryland- based biotechnology company, whose stock jumped about 8.5 percent in premarket trading on Tuesday, reported last month that a separate mid-stage study showed the...

  • BERLIN, Sept 29- German investigators are talking with officials at the U.S. Environmental Protection Agency as part of their probe into manipulation of diesel emissions tests at Volkswagen, a spokesman for the German transport ministry said. "I can confirm this," the spokesman responded when asked about contact with U.S. authorities. "An investigative...

  • BERLIN, Sept 29- German annual inflation turned negative in September for the first time in eight months, preliminary data from the Federal Statistics Office showed, undershooting the consensus forecast for consumer prices in Europe's largest economy to stagnate. The reading was well below the European Central Bank's inflation target for the whole euro...

  • *Bank wants to participate as government cuts stake- CEO. LONDON, Sept 29- Royal Bank of Scotland could buy back its own shares to help the British government offload its 73 percent stake in the bank, its chief executive told investors on Tuesday. I think it's probably the best thing for all investors, where excess capital goes back through buy-backs, " Ross McEwan told...

  • *Glencore up 4 percent, some other traders hit. *Platinum touches lowest since 2009 on VW impact. Mining and trading giant Glencore, whose shares fell by almost a third on Monday on investor concern over its debt levels, eked out gains of 4 percent in London but only after its Hong Kong- listed shares fell 29 percent.

  • UPDATE 1-Axel Springer buys up Business Insider Tuesday, 29 Sep 2015 | 7:48 AM ET

    FRANKFURT, Sept 29- German publisher Axel Springer is to buy a further 88 percent of news website Business Insider for $343 million, it said on Tuesday. "The valuation corresponds to an amount of $343 million for the 88 percent of the shares that Axel Springer is acquiring." Amazon Inc's founder and chief executive Jeff Bezos will hold the rest of the shares via his...

  • LONDON, Sept 29- Contamination from chemicals is likely to increase the cost to insurers of last month's blasts in the Chinese port of Tianjin, costs which are already expected to exceed $3 billion, insurance specialists say. Zurich Insurance said last week a $275 million loss from Tianjin was partly responsible for the decision to pull the plug on its 5.6...

  • MILAN, Sept 29- Prosecutors investigating alleged market violations at Banca Popolare di Vicenza said in a confidential search warrant that the bank misled regulators and investors about its financial soundness by lending money to customers to make them buy its own shares. At issue is whether Italy's eighth biggest lender bank violated Italian law, which...

  • UK grocer Morrisons boosts staff pay Tuesday, 29 Sep 2015 | 7:39 AM ET

    LONDON, Sept 29- Britain's fourth-largest supermarket chain Morrisons said on Tuesday it will increase its hourly pay rate for staff at its stores to a level above a compulsory "national living wage" due to be introduced by the government in April. The firm it was increasing the hourly payment to 8.20 pounds an hour, from a previous minimum of 6.83 pounds.

  • BERLIN, Sept 29- A survey of 62 institutional investors by Evercore ISI shows that two out of three believe it will not be possible to invest in Volkswagen over the next half year if the financial risks linked to its emissions scandal remain unclear. "Sixty-six percent of investors responded that it is not possible to invest in VW over the next 6 months if costs,...

  • KUALA LUMPUR, Sept 29- Malaysia's troubled strategic investment fund 1 Malaysia Development Bhd has not been contacted by any foreign investigators on allegations of mismanagement and corruption, the fund's president Arul Kanda said on Tuesday. The power and property fund, whose advisory board is chaired by Prime Minister Najib Razak, has amassed debt of...

  • Sept 29- Eli Lilly and Co and Incyte Corp said their experimental drug was found to be more effective in treating rheumatoid arthritis than a commonly prescribed medicine, in a late-stage study. Previous studies showed that the drug was more effective than two other classes of treatments, including biologic drugs, Incyte Chief Drug Development Officer Rich...

  • Sept 29- U.S. stock index futures were up on Tuesday, a day after concerns about waning demand from China and a selloff in health care shares rattled investors and added to the uncertainty around the timing of a U.S. interest rate increase. *Goldman Sachs said it expects sales growth for S&P 500 companies in aggregate to shrink this year for the first time in five...

  • *Commodity currencies recover as Glencore shares stabilize. LONDON, Sept 29- A sell off in growth-linked commodity-related currencies like the Australian and Canadian dollars took a breather on Tuesday, after shares in mining and trading giant Glencore stabilized, having fallen by almost a third at the start of the week. Earlier, a wave of risk aversion amid...

  • FRANKFURT, Sept 29- Almost all banks under the European Central Bank's direct supervision have more capital than required under an ongoing review, a senior ECB bank supervisor said on Tuesday. "Almost all banks will have a surplus of capital over the SREP requirements," Luc Coene, an SSM supervisory board member said in a presentation in Dublin, detailing the...

  • Investors weigh up China economic pain, strong soy buying. *Corn, wheat ease, trading restrained before USDA data. PARIS/ SINGAPORE, Sept 29- Chicago soybean futures slipped for a second session on Tuesday as a quicker than expected pace in the harvest and concerns about slowing demand in major importer China weighed on prices.

  • LONDON, Sept 29- Alcoa is synonymous with aluminum. But aluminum has proved an unruly child for Alcoa. It's not hard to understand, therefore, why Alcoa has decided to split its integrated business model into two parts, the high value-add downstream business, recently boosted by the company's diversification into other modern-age metals such as titanium, and the...