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  • *Glencore shares lift European markets. LONDON, Sept 7- European stocks rose on Monday, lifted by mining and commodities giant Glencore after it pledged to slash its debt by a third, and countering a fall in Asian markets led by weakness in China following a four-day break there. Glencore shares rose as much as 12 percent after it said it would suspend dividends, sell...

  • HONG KONG/ BEIJING, Sept 7- China said on Monday it would remove personal income tax on dividends for shareholders who hold stocks for more than a year, in a move aimed at encouraging longer-term investment in equities as opposed to short-term speculation. The measures are the latest in a volley of policy moves Beijing hopes will halt a slide in Chinese equities...

  • *Fall in China equities weighs on prices- analyst. "Oil is only taking its cues from China," SEB chief commodity analyst Bjarne Schieldrop said. U.S. crude for October was down 75 cents at $45.30, having reached an intraday low of $48.42.

  • Britain's FTSE rises, led up by Glencore surge Monday, 7 Sep 2015 | 10:46 AM ET

    *Glencore surges as brokers applaud plan to cut debt. LONDON, Sept 7- Britain's top share index rose on Monday, led into positive territory by Glencore after the mining and commodities trading firm announced a plan to cut billions of dollars in debt in the face of weakening metals prices. Glencore rose 7.4 percent after it said it will suspend dividends, sell assets...

  • HONG KONG, Sept 7- China will remove personal income tax on dividends for shareholders who hold stocks for longer than a year, the ministry of finance, the securities regulator and the tax bureau said late on Monday. Personal income tax on dividends will be reduced by 50 percent if shareholders hold shares for less than a year but longer than a month, while full tax...

  • *Copper output cuts by Glencore to remove 400,000 T. LONDON, Sept 7- Copper gained on Monday after commodity group Glencore announced plans to shut down loss-making mines to help reduce a glut of supply that has weighed on prices. Bearish investors scrambled to close out positions by buying futures, but analysts said it was uncertain whether Glencore's move to...

  • *Glencore surges after plans to cut debt. LONDON, Sept 7- European shares gained on Monday, with basic resources stocks leading the market higher after mining and commodities trading company Glencore announced plans to cut debt and trim its African copper operations. Whilst uncertainties regarding prospects for China and its impact on the mining sector...

  • *Glencore tackles debt with dividend suspension, share sale. *Glencore shares vs copper: http://link.reuters.com/tut55w. Sept 7- Mining and trading company Glencore acknowledged on Monday the severity of the global commodity market slump as it suspended dividends and said it would sell assets and new shares to cut heavy debts built up through years of rapid...

  • MOSCOW, Sept 7- Russia's gross domestic product will grow by less than 1 percent in 2016 if the oil price is at $50 a barrel, Interfax news agency quoted Economy Minister Alexei Ulyukayev as saying on Monday.

  • JERUSALEM, Sept 7- Israel's parliament on Monday approved a deal that would enable the development of three offshore natural gas fields, although significant regulatory hurdles remain. In a non-binding vote, lawmakers voted 59-51 in favour of an outline plan that would allow the large Leviathan gas field and two smaller ones to be developed by a consortium led...

  • MOSCOW, Sept 7- The economic crisis in Russia has persuaded a co-owner of Polyus Gold to consider a $5.4- billion buyout, which could end the top Russian gold producer's premium listing in London after just three years, say three sources close to the possible deal. His father, who Forbes magazine estimates is worth $3.4 billion, is not allowed to hold assets...

  • BERLIN, Sept 7- Lufthansa cancelled just under half of its long-haul flights planned for Tuesday after pilots' union Vereinigung Cockpit called an all-day strike in a long-running dispute over pay, retirement benefits and cost cuts. The union said on Monday the strike, the 13th walkout in 18 months, would affect long-haul passenger flights and cargo flights out...

  • BENGALURU, INDIA, Sept 7- The top three global PC makers would be able to raise market share in the next few years through consolidation amid shrinking sales of personal computers, Dell Inc Chief Executive Michael Dell said on Monday. Lenovo Group Ltd tops global PC shipment ranking with a 20.3 percent market share, followed by Hewlett-Packard Co at 18.5 percent...

  • LONDON, Sept 7- The number of bankers earning a million euros a year or more in the European Union has started to fall even before the impact of a cap on bonus payments is fully felt, the bloc's banking watchdog said on Monday. There were 3,178 bankers in the EU on at least a million euros a year, including bonuses, in 2013, down from 3,530 a year earlier, although that was...

  • Sept 7- Apple has ramped up its hiring of artificial intelligence experts, recruiting from PhD programs, posting dozens of job listings and greatly increasing the size of its AI staff, a review of hiring sites suggests and numerous sources confirm. The goal is to challenge Google in an area the Internet search giant has long dominated: smartphone features that...

  • Glencore copper output cut not a panacea for prices Monday, 7 Sep 2015 | 8:56 AM ET

    *Glencore shares vs copper: http://link.reuters.com/tut55w. LONDON, Sept 7- Glencore's move to slash copper output will help shore up prices, but significant gains are unlikely because supplies are still adequate and growth in demand is weak, particularly from top consumer China. Benchmark copper on the London Metal Exchange rose about $90 to near $5,200 a...

  • * "Zero" investment by Sawiris in Egypt since Red Sea summit. Naguib Sawiris, who has made an eye-catching but as yet unanswered offer to buy an island from Greece or Italy to house refugees from wars in the Middle East, said he had invested "zero" in Egypt since an upbeat investment summit in March. The chairman and chief executive of Orascom Telecom, Media and...

  • BEIJING, Sept 7- China's Shanghai and Shenzhen Stock Exchanges and the China Financial Futures Exchange plan to introduce a' circuit breaker' on one of the country's benchmark stock indexes to "stabilise the market", the Shanghai exchange said in a statement on its website late on Monday. The exchange is proposing that a 5 percent rise or fall in the CSI300 index...

  • GUATEMALA CITY, Sept 6- Guatemala was bound for a presidential election run-off after the three leading candidates split Sundays vote, prolonging political uncertainty just days after a graft scandal toppled the president. Otto Perez resigned as president on Thursday and spent election day in jail while a judge considered charging him over a customs...

  • *Glencore shares surge on debt cut pledge. LONDON, Sept 7- European stocks rose on Monday, lifted by mining and commodities giant Glencore after it pledged to slash its debt by a third, and countering a fall in Asian markets led by weakness in China following a four-day break there. Glencore shares rose as much as 12 percent after it said it will suspend dividends, sell...