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  • WRAPUP 2-China stocks jump on U.S. rally, yuan edges up Thursday, 27 Aug 2015 | 5:09 AM ET

    *China indexes had lost more than 20 pct in days. *China tycoon says should give up "fantasy" of 7-8 pct growth. HONG KONG/ SHANGHAI, Aug 27- China's turbulent stock markets rose sharply on Thursday, helped by a strong rebound on Wall Street on expectations that the U.S.

  • UPDATE 4-Oil prices rise more than $1 as equities rally Thursday, 27 Aug 2015 | 5:07 AM ET

    *Global stock markets rise on Asia, Wall Street rally. LONDON, Aug 27- Oil prices rose more than $1 a barrel on Thursday after a rally in equity markets and an unexpected fall in U.S. crude inventories, but worries over the health of the Chinese economy and a global oil glut kept the outlook uncertain. Front-month Brent, the global oil benchmark, was up $1.50 at $44.64 a...

  • LONDON, Aug 27- Stocks rose around the world on Thursday, following the biggest gains on Wall Street in four years, after a U.S. Germany's DAX, France's CAC 40 and Britain's FTSE 100 were all up more then 2 percent. "Financial market volatility has increased the likelihood that the first Fed hike will occur later than the September meeting," said Angela Hsieh at...

  • *China's car sales have fallen for last 4 months. SINGAPORE, Aug 27- China's falling auto sales have been at the forefront of concerns that its economy is slowing much faster than expected, weighing on oil prices. To stem the tide, China's central bank has cut interest rates and reserve requirement ratios for banks by 25 basis points and lowered reserve...

  • Hong Kong shares bounce on Wall Street, mainland rally Thursday, 27 Aug 2015 | 4:11 AM ET

    Aug 27- Hong Kong stocks posted its biggest one-day percentage gain since July 9 on Thursday, taking cues from sharp rallies on the Wall Street and in mainland China. The Hang Seng index rose 3.6 percent, to 21,838.54, while the China Enterprises Index gained 4.6 percent, to 9,863.61 points. Among the most actively traded stocks on Hong Kong's main board were CCT...

  • FOREX-Yen nurses losses as stocks rally cheers mood Thursday, 27 Aug 2015 | 3:56 AM ET

    *Stocks rise after Wall Street rally. LONDON, Aug 27- The yen nursed losses against the dollar on Thursday as calm returned to currency markets with gains in global stock markets, including a 5 percent jump in Shanghai, underpinning risk sentiment and sapping demand for safe haven currencies. Traders said any upward revision to second-quarter growth data out of...

  • MUMBAI, Aug 27- India's markets regulator plans to overhaul the corporate debt market by pushing all issuance onto an electronic platform as early as November, sources with direct knowledge of the plan told Reuters, in a bid to boost market activity. The Securities and Exchange Board of India will announce the proposal drafted by an internal regulatory panel...

  • BEIJING, Aug 27- China's richest man said on Thursday the government needs to give up any "fantasy" of maintaining high economic growth rates, unusually bold comments at a time when Beijing is grappling to contain a market meltdown that has hammered global equities. Billionaire Wang Jianlin, speaking after his company Dalian Wanda Group said it had bought World...

  • Stock exchanges, Barclays win dismissal of HFT case Thursday, 27 Aug 2015 | 3:35 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Major U.S. stock exchanges and Barclays won the dismissal of litigation in which pension funds and other investors accused them of rigging markets.

  • SHANGHAI, Aug 27- China stocks rebounded sharply on Thursday, snapping a savage five-day losing streak, as a rally on Wall Street brought some calm to shaky global markets. But traders said the market remained vulnerable to sudden selloffs, as investors who bought shares using margin financing continue to deleverage, and as China's economic outlook remains...

  • WARSAW, Aug 27- Goldman Sachs will hire "several hundred" employees for its Warsaw- based technology and operations units over the next three years, the U.S. bank said on Thursday. "In a strategic decision, the firm will now expand its footprint in Warsaw," said Goldman Sachs spokesman for central and eastern Europe, Adib Sisani. Goldman Sachs has had an office in Warsaw...

  • Adidas CEO sees no crisis in China -paper Thursday, 27 Aug 2015 | 3:16 AM ET

    FRANKFURT, Aug 27- German sporting goods company Adidas is not experiencing any slowdown in China, German daily Frankfurter Allgemeine Zeitung quoted its Chief Executive Herbert Hainer as saying upon his return from a trip to the Asian country. Adidas CEO Herbert Hainer, however, told FAZ that his company is proving resilient in the face of the economic...

  • LONDON, Aug 27- European shares rose on Thursday, buoyed by gains on Asian and U.S. markets after a leading U.S. central bank official said the prospect of a September rate hike seemed "less compelling" than before. Persistent fears about an economic slowdown in China, which intensified after China devalued its yuan currency earlier in August, have rattled...

  • *U.S. billionaire Warren Buffett "jumpstarted" the project. *Kazakhstan suffered from Soviet-era nuclear tests. ASTANA, Aug 27- The International Atomic Energy Agency and Kazakhstan signed an agreement on Thursday to locate the world's first bank of low-enriched uranium in the ex-Soviet nation to ensure fuel supplies for power stations and prevent nuclear...

  • *Global markets take heart from Wall Street rally. *But overproduction, weakening China still weigh on oil. SEOUL/ SINGAPORE, Aug 27- Oil prices climbed by around $1 a barrel on Thursday on an unexpected fall in U.S. crude inventories and a rally in global equity markets, although ongoing oversupply capped gains.

  • TOKYO, Aug 27- Japan's Nikkei share average extended the previous day's gains on Thursday after a strong rebound on Wall Street and continued calm in Chinese markets eased investors' fears of a prolonged global market rout. North America and Europe are doing just fine and that's what really drives things as far as Japan is concerned--the shopping malls of rich...

  • Fuel firm Total Kenya say H1 pretax profit dips 5 pct Thursday, 27 Aug 2015 | 1:51 AM ET

    NAIROBI, Aug 27- Oil marketer Total Kenya said its first-half pretax profit dropped by 5 percent due to inflation and volatility in international oil prices. The group, part of French oil major Total, posted an 891.7 million shilling pretax profit in the six months to June 30, against 1 billion shillings in the same period in 2014.. The company's turnover fell to 64...

  • JAKARTA, Aug 27- Indonesia on Thursday will unveil a policy package intended to prop up the rupiah, which hit another fresh 17- year low, and boost investment at a time Southeast Asia's largest economy faces its weakest growth in six years. Darmin Nasution, the coordinating minister for economics, announced the package was coming after he met President Joko...

  • Steven Musser, deputy director for scientific operations at the U.S. Food and Drug Administration's Center for Food Safety and Applied Nutrition. Now, the FDA is building a network of state and federal labs equipped to map out the exact DNA sequence of strains of Listeria, Salmonella and other foodborne pathogens found in sick patients. At the same time, the FDA...

  • NOIDA, India, Aug 26- After a decade labouring on building sites around New Delhi, Akhilesh Kumar lost his scaffolding job last month when his employer halted work on an array of 30 residential towers. 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...