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  • Indian economy offers hope as China struggles Sunday, 30 Aug 2015 | 5:00 PM ET

    NEW DELHI, Aug 31- For investors worried about the health of emerging economies, India's gross domestic product data for April-June should supply some cheer on Monday- the country is expected to remain the fastest growing major economy for a second straight quarter. But doubts persist over India's new way of calculating GDP, introduced early this year, even...

  • LOS ANGELES, Aug. 30- The box office underwent a religious conversion this weekend as Christian crowds flocked to " War Room," lifting the low-budget salute to prayer above the Zac Efron drama "We're You're Friends" and the Owen Wilson thriller "No Escape." Filmed for a mere $3 million and distributed by Sony's Affirm division, " War Room" more than tripled its production...

  • ATHENS, Aug 30- The leftist Syriza party of former Prime Minister Alexis Tsipras will challenge Greece's creditors on unresolved aspects of the nation's bailout but implement unpopular reforms it has already agreed, it said on Sunday. As opinion polls showed Syriza's lead eroding, its campaign programme reflected unease about the 86 billion euros rescue...

  • LA ROCHELLE, France, Aug 30- French Prime Minister Manuel Valls told ruling Socialist party members on Sunday he would stick to pro-business reforms, despite heckling and booing by activists showing the divisions over economic policy. A small group of young party members booed Valls at a dinner on Saturday and called for the resignation of Economy Minister...

  • LONDON, Aug 30- Libya's National Oil Company and Central Bank chairmen engaged in another round of blitz meetings with oil majors in London in a renewed effort to stop its rival wooing its clients. The head of the Tripoli- based NOC, Mustafa Sanallah, said he and Tripoli- based Central Bank Chairman Saddek El-Kaber held meetings with 26 oil firms over the course of...

  • BEIJING, Aug 30- Major Chinese construction machinery maker Zoomlion Heavy Industry Science and Technology Co Ltd swung to a net loss in the first half amid a sustained downturn of the domestic market. In January-June, Zoomlion booked a 309.8 million yuan net loss, in line with its own forecast of 300- 380 million yuan, according to a stock exchange filing on Sunday.

  • BEIJING, Aug 30- Major Chinese construction machinery maker Sany Heavy Industry Co Ltd on Sunday reported a 75.6 percent fall in its first half earnings amid a sustained downturn of the domestic market. Encouraged to expand after Beijing fired up a $644 billion stimulus package in 2008, Chinese heavy equipment makers are stuck with a glut of unsold equipment,...

  • ROME/ MILAN, Aug 30- Italian energy group Eni said on Sunday it had discovered potentially one of the world's largest natural-gas fields off the Egyptian coast, predicting the find could help meet Egypt's gas needs for decades to come. The find follows other significant gas discoveries in the Mediterranean in recent years, including by Egypt's neighbour Israel,...

  • BRASILIA, Aug 30- President Dilma Rousseff has dropped the idea of reinstating a tax on financial transactions to bridge a gaping fiscal deficit in Brazil after it ran into a barrage of criticism even from within her coalition, Brazilian media reported on Sunday. The Folha de S.Paulo and Estado de S.Paulo newspapers, citing presidential aides, said Rousseff...

  • ROME, Aug 30- Italian energy group Eni said on Sunday it had discovered potentially one of the world's largest natural-gas fields off the Egyptian coast, predicting that the find could help meet Egypt's gas needs for decades to come. "According to the well and geophysical data available, the field could hold a potential of 30 trillion cubic feet of lean gas in place,"...

  • BEIJING, Aug 30- China faces a "formidable task" to clean up its rivers and lakes and needs a fundamental change in attitudes to prioritise the environment over economic development at all cost, vice premier Wang Yang said. China published a water pollution prevention action plan in April, promising to improve water supplies in the world's most populous country...

  • NEW YORK, Aug 30- Berkshire Hathaway Inc's $37 billion deal for aerospace supplier Precision Castparts Corp is encouraging investors to consolidate the fragmented aircraft components industry, even as Boeing Co uses its clout as the world's biggest plane maker to put a check on some deals. Private equity and strategic buyers have been pouring into the sector,...

  • BRASILIA, Aug 30- Renan Calheiros took an Air Force jet to get hair implants and was accused of letting a lobbyist pay child support to a journalist he had an affair and a child with. Either episode would have derailed many politicians but corruption allegations have not kept Calheiros, the 59- year-old president of Brazil's Senate, from making himself a go-to...

  • HARARE, Aug 30- Zimbabwe, suffering from economic recession and lack of foreign investment, is relaxing a black economic empowerment law forcing foreign-owned firms to sell majority shares to locals in a bid to attract investment, a cabinet minister said on Sunday. Signalling a shift in policy, Christopher Mushohwe, minister for youth, indigenisation and...

  • BANGKOK, Aug 30- Police probing Thailand's deadliest bombing raided a second location and widened their search for more suspects on Sunday after a foreigner was arrested and stacks of fake passports and bomb-making materials found at a Bangkok apartment block. The bombing killed 20 people and stunned Thailand. Fourteen foreigners, seven from mainland China...

  • BANGKOK, Aug 30- The evidence seized by police investigating Thailand's deadliest bombing includes an apparently damning trove of explosives, fertiliser, and piles of fake passports, but the shabby-looking foreigner they arrested on Saturday remains a mystery. There has been no word of his nationality, affiliation or whether the evidence seized in a shabby...

  • HONG KONG, Aug 30- Ageas has agreed to sell its Hong Kong insurance unit to a China- based asset manager JD Capital for HK $10.7 billion, the Belgian insurer said in a statement on Sunday, exiting a business it acquired eight years ago. "The decision to sell our business in Hong Kong follows a strategic review of our Asian activities in which we concluded that it is in the...

  • LA ROCHELLE, France, Aug 30- Young Socialist Party members booed the French prime minister at a party dinner on Saturday, calling for the resignation of his economy minister, whom they accuse of favouring business over Socialist ideals, participants said on Sunday. "They shouted' Macron resign'," party member Marise Faye said of a group of youths at the Socialist...

  • Results with Alnylam Pharmaceuticals and Medicines Co's experimental product ALN-PCSsc highlight the competition for a market tipped to generate billions of dollars in sales. Amgen's Repatha and a rival product, Praluent, from Sanofi and Regeneron Pharmaceuticals, are each expected to generate more than $2 billion a year in sales by 2020, according to...

  • BRASILIA, Aug 30- President Dilma Rousseff has dropped the idea of reinstating a tax on financial transactions to bridge a gaping fiscal deficit after it ran into a barrage of criticism even from within her coalition, Brazilian media reported on Sunday. The Folha de S.Paulo and Estado de S.Paulo newspapers, citing presidential aides, said Rousseff abandoned...