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  • Sept 15- UK- based GW Pharmaceuticals Plc said its experimental cannabis drug for treating schizophrenia was found to be superior to a placebo in a mid-stage trial. The drug, Cannabidiol, was tested in 88 patients with schizophrenia, who had failed to respond to anti-psychotic medication. The company's shares were up 7 percent at $114.44 in premarket trading.

  • WASHINGTON, Sept 15- U.S. manufacturing output contracted more than expected in August, dragged down by a sharp fall in auto production that could moderate economic growth in the third quarter. American factories churned out 0.5 percent fewer goods last month, the Federal Reserve said on Tuesday. Some slowdown was anticipated after an earlier survey of factory...

  • *Africa's richest man upbeat on continent's growth prospects. LAGOS, Sept 15- Africa's richest man, Aliko Dangote, plans to launch several new cement and sugar plants as well as mines across the continent, accelerating an expansion outside his Nigerian home market and shrugging off a downturn in Africa. In August, his Dangote Cement said it had signed contracts...

  • WASHINGTON, Sept 15- U.S. consumer spending appeared to grow at a fairly healthy pace halfway through the third quarter, pointing to solid domestic demand that could persuade a cautious Federal Reserve to hike interest rates on Thursday. "Today's data are positive news for final demand in the third quarter and should give the Fed more confidence in the spending...

  • NEW DELHI, Sept 15- India's merchandise exports shrank far more than expected in August, falling for the ninth month and adding to Prime Minister Narendra Modi's concerns that Asia's third-largest economy may not be creating enough jobs for unemployed youth. The trade deficit marginally narrowed to $12.5 billion last month from $12.8 billion in July, helped...

  • WASHINGTON, Sept 15- General Electric Co said on Tuesday that it will move 500 U.S. power turbine manufacturing jobs to Europe and China because it can no longer access U.S. Export-Import Bank financing after Congress allowed the agency's charter to lapse in June. GE said that France's COFACE export agency has agreed to support some of the industrial giant's...

  • POWER TURBINE PRODUCTION JOBS TO EUROPE, CHINA BECAUSE IT CANNOT ACCESS U.S.

  • DETROIT- Sept 15- A self-driving car would be more appealing to motorists if the autopilot system allowed humans to drive when they wanted to, McKinsey& Co concludes in a survey released Tuesday. Several major automakers, including Daimler AG, BMW AG, General Motors Co, Volkswagen AG, Nissan Motor Co and Tesla Motors Inc have said they intend to offer technology that...

  • GE SAYS MOVE UNDERSCORES NEED FOR CONGRESS TO "PROMPTLY REAUTHORIZE" EXIM BANK.

  • But the cost makes it a reality for only about 300,000, or 1 percent, of students each year, according to NAFSA: Association of International Educators. Brown University students, for example, must pay $24,136 for a semester in such locations as London and Kyoto, Japan, excluding health insurance, travel, housing, meals, books and miscellaneous expenses.

  • GE SAYS FRANCE'S COFACE EXPORT CREDIT AGENCY HAS AGREED TO SUPPORT GE GLOBAL POWER PROJECT BIDS WITH NEW LINE OF CREDIT; PROJECTS REQUIRE EXPORT AGENCY FINANCING.

  • GE SAYS WILL MOVE 400 50- HERTZ TURBINE MANUFACTURING JOBS TO BELFORT, FRANCE, 100 AERO-DERIVATIVE TURBINE GENERATOR FINAL ASSEMBLY JOBS TO HUNGARY, CHINA.

  • *UK annual CPI falls to zero in August from +0.1 pct. LONDON, Sept 15- British inflation fell back to zero in August after oil prices dropped at the fastest rate since the start of the year, keeping annual price growth far below the Bank of England's target and an interest rate rise off the table for now. The Office for National Statistics said the fall in annual CPI to...

  • HELSINKI, Sept 15- On a sunny day on the Helsinki seafront, sparks fly from steel welding at the bustling Arctech shipyard, which seems insulated from Finland's economic recession as it strives to meet an order book that stretches into 2017.. That should be good for business, but there is a cloud on the horizon: the yard is now owned by Russia's state-owned United...

  • Sept 15- U.S. stocks were set to open little changed on Tuesday as concerns about growth in China made investors more cautious ahead of this week's Federal Reserve meeting, which will decide on the first interest rate increase since 2006.. "It's all about caution today," said Andy Sullivan, a portfolio manager with Swiss investment firm GL Financial Group.

  • FRANKFURT, Sept 15- Luxury carmaker Bentley's global sales in 2015 will fall by "a few hundred cars" compared with last year's record level due to a drop in demand in China, its sales chief told Reuters on Tuesday. Bentley's sales hit an all-time high last year, helped by a record 22 percent jump in China- the world's biggest auto market- with overall global volumes...

  • *Germany expects 800,000 refugees this year. BERLIN, Sept 15- Germany urged the European Union to consider imposing financial penalties on states that refuse to take in their share of asylum seekers, as the influx of refugees showed no sign of abating on Tuesday despite new border controls. Facing opposition from ex-Communist states, EU ministers failed on...

  • SANTIAGO, Sept 15- Flights in and out of Chile were canceled Tuesday, grounding some 15,000 passengers nationwide, as workers associated with the country's civil aviation authority went on a 24- hour strike days before the travel-intensive Sept. 18 national independence day holiday. Regional carrier LATAM Airlines said it was canceling all of its flights in...

  • Gauge of U.S. consumer spending rises in August Tuesday, 15 Sep 2015 | 8:31 AM ET

    WASHINGTON, Sept 15- U.S. consumer spending appeared to grow at a fairly healthy pace in August, pointing to solid domestic demand that could persuade a cautious Federal Reserve to hike interest rates on Thursday. The Commerce Department said on Tuesday retail sales excluding automobiles, gasoline, building materials and food services increased 0.4 percent...

  • LONDON, Sept 15- Investors have cut their emerging market stock allocations to an all-time low and raised cash balances to levels seen during the 2008 crisis as risk appetite has evaporated, a Bank of America Merrill Lynch survey showed on Tuesday. Some 75 percent of respondents identified a recession in China or an emerging markets debt crisis as the biggest...