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  • *Brazil economy, weak Spanish margins among challenges. MADRID, Sept 22- Faced with a deep recession in Brazil and weak margins in Spain, Santander boss Ana Botin is expected to stress the bank's focus on cost cutting as she seeks to persuade investors this week that profitability is improving. "The bank will have to increase cost cuts in Brazil and in Spain and be...

  • MELBOURNE, Sept 22- London copper struck a two-week low on Tuesday after China increased copper imports in August but not enough to impact a swelling global surplus and jitters persisted over its appetite for metals. Copper prices hit six-year lows below $5,000 a tonne last month and have since struggled to regain momentum, as industry ramps up only slowly...

  • PARIS, Sept 22- A European Union-level inquiry is needed into the emissions-cheating scandal at German carmaker Volkswagen AG and the probe should be extended to French carmakers too, French Finance Minister Michel Sapin said on Tuesday. The U.S. Environmental Protection Agency said on Friday that Volkswagen, the world's biggest carmaker by sales, used...

  • LONDON, Sept 22- European equities retreated early on Tuesday after strong gains in the previous session, with Volkswagen leading the market lower after its emissions-cheating probe spread to Asia. Volkswagen, which has admitted cheating diesel vehicle emissions tests in the United States, fell 3.3 percent after South Korea said it would investigate three...

  • China stocks extend rise, sign of market stabilisation Tuesday, 22 Sep 2015 | 3:12 AM ET

    The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.9 percent, to 3,339.03, while the Shanghai Composite Index gained 0.9 percent, to 3,185.62 points. China's President Xi Jinping told the Wall Street Journal in an interview that developing capital markets was a key goal of China's reforms, which will not change just because of...

  • Irn-Bru maker AG Barr warns on annual profit Tuesday, 22 Sep 2015 | 3:08 AM ET

    LONDON, Sept 22- British soft drinks group AG Barr said it did not expect to see profit growth this year after poor weather since July dented demand for its products, which include Irn-Bru, Rubicon and Strathmore. AG Barr made a pretax profit before one off items of 41.9 million pounds in its 2014-15 year. "Market conditions across the first half have been difficult...

  • SHANGHAI, Sept 22- Investors' appetite for trading offshore renminbi remains enormous despite recent market volatility, and will increase in the future, Britain's finance minister George Osborne said on Tuesday. China's surprise yuan devaluation last month and a plunge in its stock markets since June have fuelled fears that there are more shocks in store for...

  • SINGAPORE, Sept 22- Crude oil prices fell on Tuesday as traders booked profits after a 3-4 percent rally in the previous session, with weak economic growth denting the demand outlook in an amply supplied market. West Texas Intermediate crude futures were at $46.07 per barrel at 0658 GMT, down 61 cents. Globally traded Brent futures were down 44 cents at $48.48 per...

  • German wages rose at fastest pace on record in Q2 Tuesday, 22 Sep 2015 | 2:54 AM ET

    BERLIN, Sept 22- German real wages rose by 2.7 percent in the second quarter, the strongest increase since records began in 2008, the Federal Statistics Office said on Tuesday. The data showed the strongest increases on a pre-inflation, or nominal basis, were in eastern Germany and in the unskilled, low-wage sector, suggesting the introduction of an 8.50 euro...

  • SHANGHAI, Sept 22- China's authorities should be supported as they remain committed to market liberalisation following volatility in the country's stock markets, Britain's finance minister George Osborne said in Shanghai on Tuesday. Speaking at the Shanghai Stock Exchange, Osborne also said that he wanted to see a formal connection between stock markets...

  • *S.Korea to investigate emissions for Volkswagen, Audi cars. Probe to cover 4,000-5,000 cars of two VW models, one Audi. SEOUL/ NEW YORK, Sept 22- The scandal engulfing Volkswagen AG, which has admitted cheating diesel vehicle emissions tests in the United States, spread east on Tuesday as South Korea said it would investigate three of the maker's diesel models.

  • LONDON, Sept 22- British engineering firm Meggitt said it agreed to buy U.S.-based aerospace components company EDAC for $340 million, building on another acquisition it made last month to create a scale player in the sector. Meggitt, which will suspend an ongoing buyback programme for the rest of this year to maintain financial flexibility, is to buy EDAC,...

  • LAUNCESTON, Australia, Sept 22-- It may seem to be stretching a rather long bow to link the overbuilding of refining capacity in Asia and the Middle East to Volkswagen's woes in the United States, but the common thread is the threat to diesel's dominance of the oil barrel. The commissioning in recent years of a slew of advanced refineries, which aim to maximise diesel...

  • Europe's airlines spruce up their jet fuel hedges Tuesday, 22 Sep 2015 | 2:05 AM ET

    LONDON, Sept 22- European airlines are exploiting a collapse in oil prices by hedging more of their fuel needs further into the future, but those that kept their powder dry before the rout are emerging as clear winners, industry sources say. With fuel accounting for 46 percent of Ryanair's 2014 operating costs, 33 percent of British Airways' and 21.5 percent of...

  • SINGAPORE, Sept 22- Crude oil prices fell on Tuesday as traders took profit following a 3-4 percent upward swing in the previous session, with weak economic growth denting the demand outlook amid plentiful supplies. West Texas Intermediate crude futures were trading at $46.04 per barrel at 0600 GMT, down 64 cents. Globally traded Brent futures were at $48.44 per...

  • SINGAPORE/ SYDNEY, Sept 22- The dollar hovered near its highest level in nearly two weeks on Tuesday as comments from several Federal Reserve officials revived expectations that the U.S. central bank could still raise interest rates this year. In contrast, expectations for the other major central banks including the European Central Bank and Bank of Japan are...

  • WASHINGTON, Sept 21- U.S. national security adviser Susan Rice issued a stern warning to China on Monday before President Xi Jinping's visit that state-sponsored cyber espionage must stop, calling it a national security concern and a critical factor in U.S.- China relations. "This isn't a mild irritation, it's an economic and national security concern to the...

  • BOSTON/ NEW YORK, Sept 22- A group of shareholders is looking to strip Bank of America Corp Chief Executive Brian Moynihan of his chairman title on Tuesday in an investor vote and whether they fail or succeed, they have notched a victory just by getting the bank to hold a special meeting on the matter. But days before Bank of America's annual meeting, it reversed...

  • On Francis' first visit to the United States this week, the business dealings suggest that some leaders of the U.S. Catholic Church are practicing a different approach to the environment than the pontiff is preaching. A Reuters review of county documents found 235 oil and gas leasing deals signed by Catholic Church authorities in Texas and Oklahoma with energy...

  • SINGAPORE, Sept 22- Crude oil prices fell on Tuesday as traders took profit following a 3-4 percent upward swing in the previous session as conflicting market signals continued to tear at prices. West Texas Intermediate crude futures were trading at $46.11 per barrel at 0447 GMT, down 57 cents from their last settlement. Globally traded Brent futures were at...