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  • Ten automakers are sued over keyless ignitions Wednesday, 26 Aug 2015 | 10:24 AM ET

    The defendants include BMW, Fiat Chrysler, Ford, General Motors, Honda, Hyundai and its Kia affiliate, Mercedes Benz, Nissan, Toyota and Volkswagen and its Bentley affiliate. Wednesday's lawsuit was filed in the federal court in Los Angeles. Toyota Motor Sales USA Inc et al, U.S. District Court, Central District of California, No. 15-06491..

  • *Greece must find way to deal with 100 bln eur of problem loans. *Full-scale bad banks in Ireland, Spain deemed successful. LONDON, Aug 26- Greece is under growing pressure to take care of banks' problem loans so they are free to lend again, but the depth and complexity of its crisis will make it tough to replicate the comprehensive "bad bank" models set up in Ireland and...

  • COPENHAGEN, Aug 26- Novo Nordisk said on Wednesday it would begin a Phase III trial of its treatment for diabetes that could be taken orally rather than by injection after "encouraging" results in previous trials. The oral tablet is a part of Novo Nordisk's effort to make treatment less painful for diabetes patients and minimize the use of needles.

  • JAKARTA, Aug 26- East Timor will tap into its $16.6 billion oil fund to build the necessary infrastructure to attract non-energy investment, the prime minister said on Wednesday, as disputes over undeveloped gas fields look to remain unresolved for years. Even if an agreement can be reached with Woodside, the project could still be held up by a decades-long...

  • DUBAI, Aug 26- Iran will offer three gas fields to foreign investors at a conference in London later this year, an Iranian official said on Wednesday. Development of North Pars, Golshan and Ferdowsi gas fields will be offered to investors at the upcoming London conference where Iran is due to unveil its new contract model, managing director of Pars Oil and Gas...

  • *All major S&P sectors up. *Cameron International soars on Schlumberger deal. Aug 26- U.S. stocks opened sharply higher on Wednesday, with all three major indexes up about 2 percent, after data showed durable goods orders rose more than expected in July.

  • BERLIN, Aug 26- Germany's export exposure to China, for years a source of economic strength, is fast turning into a risk that raises questions about the health of other sources of growth in Europe's largest economy. For years, its EU peers tried- and failed- to match Germany's export prowess in China, where German companies profited from the infrastructure and...

  • Europe faces up to flight safety threat posed by drones Wednesday, 26 Aug 2015 | 9:20 AM ET

    BERLIN/ FRANKFURT, Germany, Aug 26- No-drone zones, software to block flights into sensitive areas and registration rules are among proposals from European regulators and aviation experts to ensure growing numbers of drones don't case dangerous run-ins with passenger aircraft. Recognizing the threat, the European Commission conceded this year that "drone...

  • Global carmakers reengineer India strategy to grow sales Wednesday, 26 Aug 2015 | 9:13 AM ET

    *Nissan, Renault plan new models, bigger dealer networks. Automakers like General Motors, Nissan Motor Co and Renault SA have over the past weeks announced hundreds of job losses. "India is not the most easy market in the world to crack," Guillaume Sicard, president of Nissan India told Reuters after the company said it would cut "hundreds" of jobs at the Renault-Nissan...

  • WASHINGTON, Aug 26- A gauge of U.S. business investment plans posted its largest increase in just over a year in July, underscoring the durability of the economic recovery despite a slowing global economy. The Commerce Department said on Wednesday non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans,...

  • MANNHEIM, Germany, Aug 26- The risk has increased that the European Central Bank won't get inflation back up to where it wants, the bank's chief economist said on Wednesday, pledging to beef up its anti-deflation asset-buying program if necessary. Peter Praet, who is also a member of the ECB's executive board, told reporters on the sidelines of a conference in...

  • Indian construction slowdown hits Modi's jobs promise Wednesday, 26 Aug 2015 | 9:00 AM ET

    He joins more than half a million workers let go from sites around India's capital in the last 18 months, in a stark sign that the ground reality in Asia's third-largest economy is far from as rosy as official data suggests. The deepening downturn in India's crucial building sector makes it easily understandable why Prime Minister Narendra Modi's image as the...

  • PC shipments to fall 8.7 pct this year - IDC Wednesday, 26 Aug 2015 | 8:58 AM ET

    Aug 26- Research firm International Data Corp forecast a steeper fall in PC shipments in 2015 due to a large inventory of notebooks and the impact of a strong dollar, and said demand would not stabilize until 2017.. IDC expects shipments to fall 8.7 percent this year, compared with its earlier forecast of a decline of 6.2 percent. IDC said it had expected the second...

  • President Barack Obama and Japanese Prime Minister Shinzo Abe discussed in a call on Tuesday their commitment to concluding the Trans-Pacific Partnership agreement as soon as possible, the White House said on Wednesday. Obama also told Abe that U.S. "intelligence collection is focused on national security interests and is as narrowly tailored as possible,"...

  • INTELLIGENCE COLLECTION' FOCUSED ON NATIONAL SECURITY INTERESTS AND IS AS NARROWLY TAILORED AS POSSIBLE'- WHITE HOUSE.

  • PRESIDENT OBAMA, JAPAN'S ABE REAFFIRM COMMITMENT TO CONCLUDING THE TRANS-PACIFIC PARTNERSHIP AGREEMENT AS SOON AS POSSIBLE- WHITE HOUSE.

  • *Greece deal shows "pick and mix" approach to bank rescues. LONDON, Aug 26- European Union rules to shield taxpayers from having to rescue ailing banks should be applied flexibly because of broader economic imperatives highlighted by the latest Greek rescue package, analysts and lawyers say. Euro zone finance ministers this month agreed an 86 billion euro third...

  • U.S. business spending plans measure jumps in July Wednesday, 26 Aug 2015 | 8:30 AM ET

    WASHINGTON, Aug 26- A gauge of U.S. business investment plans posted its largest increase in just over a year in July, underscoring the durability of the economic recovery despite a slowing global economy. The Commerce Department said on Wednesday non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans,...

  • BEIJING, Aug 26- Two of China's major oil companies said on Wednesday that their profits slumped in the first half of 2015, as a sharp decline in international crude prices hit upstream earnings. Sinopec Corp, Asia's largest refiner, posted profits of 25.4 billion yuan, down 22 percent from 32.5 billion yuan a year earlier, the company said in a filing with the Hong...

  • Aug 26- Reuters has polled over 70 economists and analysts over the past week on their outlook for residential property prices as well as affordability in the United States, Britain, Canada and China. >Canada home prices to keep rising. >China home prices seen rising mildly in 2015.