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  • *China turning to renewable energy in its' war on pollution'. Reuters calculations based on government and industry projections for the growth of cleaner energy in China suggest that demand from the sector could boost global copper consumption by around 2 million tonnes, or about 2 percent, over the rest of the decade. The extra appetite from China, the world's...

  • COLUMN-Will bonds be ballast as rates rise?: James Saft Wednesday, 16 Sep 2015 | 4:58 PM ET

    Sept 16- Remember all that stuff about diversifying into bonds so you don't get hurt too badly during the bad times? But central bank demand may be waning as emerging market central banks, notably China's, sell Treasuries to fund the fight to keep their own currencies stable. That's even before we consider the possibility that the Fed itself might allow its $4...

  • Blablacar, which is already present across Europe and launched recently in Russia, India, Mexico and Turkey, was valued at 1.4 billion euros in the fundraising round, said a person close to the matter. Nicolas Busson, the co-founder and chief operating officer, told Reuters the company planned to launch in Brazil later this year and would aim to expand in Latin...

  • Sept 16- A former Morgan Stanley stockbroker pleaded guilty on Wednesday to insider trading, over a scheme in which an accomplice showed him stolen stock tips on napkins and Post-its in Grand Central Station and then ate the evidence. District Judge Michael Shipp in Trenton, New Jersey, federal prosecutors said. According to prosecutors, the $5.6 million,...

  • Air Products to spin-off materials technologies business Wednesday, 16 Sep 2015 | 4:45 PM ET

    Sept 16- Air Products and Chemicals Inc said on Wednesday it planned to spin-off its materials technologies business into a publicly traded company before September next year.

  • Sept 16- Oracle Corp's sales fell more than expected in the first quarter, hurt by a strong dollar and as the rapid shift by customers to lower-margin cloud-based software failed to make up for waning sales of traditional packaged software. Like its rivals such as SAP, IBM Corp and Microsoft Corp, Oracle is striving to boost Internet-based software sales to head...

  • Sept 16- Energy stocks pushed Wall Street higher on Wednesday due to an almost 6- percent jump in oil prices, but many investors stayed on the sidelines a day ahead of the U.S. "Energy was what gave it the initial spark and the fact the energy rally kept rolling gave people reassurance they could step into other sectors as well," said Peter Jankovskis, co-chief...

  • Sept 16- The U.S. Department of Health and Human Services said on Wednesday it signed a deal with British drugmaker AstraZenaca Plc to develop antibiotics. The federal agency said it will share costs with AstraZeneca to develop a portfolio of drugs to treat illnesses caused by bioterrorism agents and antibiotic-resistant infections. The Biomedical...

  • WASHINGTON, Sept 16- The Federal Reserve began a two-day policy meeting on Wednesday with economists evenly split on whether Thursday will see the first official U.S. interest rate rise since 2006.. U.S. economic data are flashing conflicting signals, with unemployment falling but inflation subdued, while slowing growth in China has led to a 40 percent fall in...

  • UPDATE 1-Expedia, Orbitz win U.S. approval to merge Wednesday, 16 Sep 2015 | 4:23 PM ET

    WASHINGTON, Sept 16- Online travel company Expedia Inc, the world's largest online travel services company by bookings, has won U.S. antitrust approval to buy rival Orbitz Worldwide Inc for $1.3 billion, the Justice Department said on Wednesday. "We concluded that Expedia's acquisition of Orbitz is not likely to substantially lessen competition or harm U.S....

  • WASHINGTON, Sept 16- Senate Majority Leader Mitch McConnell said he favors repealing the 40- year-old ban on U.S. crude oil exports and that Republican leadership would discuss the issue with the Obama administration. "I support eliminating the oil export ban," McConnell told reporters on Wednesday after policy lunches in the U.S. Capitol.

  • SAN FRANCISCO, Sept 16- Facebook users took to the social media site on Wednesday to react to the company's decision to test what Facebook Inc Chief Executive Officer Mark Zuckerberg called a "dislike button"- and not everyone liked the idea. In a town hall-style question and answer session Tuesday, Zuckerberg took questions from users about topics ranging from...

  • *Oil prices jump on a drop in U.S. crude inventories. NEW YORK, Sept 16- Global stock prices rose for a second day on Wednesday with the S&P 500 hitting its highest in almost a month as investors awaited the U.S. "Energy was what gave it the initial spark and the fact the energy rally kept rolling gave people reassurance they could step into other sectors as well," said...

  • BRUSSELS/ LONDON, Sept 16- Anheuser-Busch InBev, the world's largest brewer, has approached rival SABMiller about a takeover that would form a colossus producing a third of the world's beer. A merged group would have a market value of around $275 billion at current prices, and would combine AB InBev's dominance of Latin America with SABMiller's of Africa, both...

  • NEW YORK, Sept 16- A federal judge said New York State and New York City may pursue a lawsuit accusing United Parcel Service Inc of illegally delivering more than 683,000 cartons of untaxed cigarettes in the state, depriving them of millions of dollars in taxes. District Judge Katherine Forrest in Manhattan rejected UPS' argument that the lawsuit, which sought...

  • Sept 16- Oracle Corp's quarterly sales fell a bigger-than-expected 1.7 percent, hurt by a strong dollar and as the rapid shift by customers to lower-margin cloud-based software failed to make up for waning sales of traditional packaged software. The company's revenue declined to $8.45 billion in the first quarter ended Aug. 31 from $8.60 billion a year...

  • Expedia, Orbitz win U.S. approval to merge Wednesday, 16 Sep 2015 | 4:08 PM ET

    WASHINGTON, Sept 16- Online travel company Expedia Inc has won U.S. antitrust approval to buy rival Orbitz Worldwide Inc, the Justice Department said on Wednesday.

  • *Higher German Bund yields lead U.S. yields higher. NEW YORK, Sept 16- U.S. U.S. two-year note yields, by comparison, hovered close to the session peak of 0.82 percent, which marked the highest yield since April 2011.

  • Blabacar, which is already present across Europe and launched recently in Russia, India, Mexico and Turkey, was valued at 1.4 billion euros in the fund-raising round, said a person close to the matter. Nicolas Busson, the co-founder and chief operating officer, told Reuters the company planned to launch in Brazil later this year and would aim to expand into other...

  • Sept 16- Anheuser-Busch InBev, the world's largest brewer, has approached nearest rival SABMiller about a takeover that would bring together a third of the world's commercial beer production. ANHEUSER-BUSCH INBEV REVENUES: North America: $16.09 billion, 34 percent of group revenue Latin America: $14.23 billion, 30 percent. Mexico: $4.62 billion, 10 percent...