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  • Aug 21- Deere& Co on Friday reported that third-quarter profit tumbled 40 percent on weak demand for agricultural equipment, overall lower shipment volumes and a stronger dollar, and gave a bleaker forecast for fourth-quarter sales. "John Deere's third-quarter results reflected the continuing impact of the downturn in the farm economy as well as lower demand...

  • MOSCOW, Aug 21- The Russian rouble fell further on Friday, following weak Chinese factory data that pushed the oil price lower, but the onset of foreign currency sales by exporters to pay monthly taxes helped contain the losses. International oil benchmark Brent was down 1.2 percent to $46 per barrel, on a day when global markets are reeling from weak Chinese...

  • Aug 21- Spa services provider Steiner Leisure Ltd said it would be taken private by private equity firm Catterton Partners for about $925 million, including debt.

  • *Experts says China has regulations, not always enforced. HONG KONG/ SHANGHAI, Aug 21- Several warnings preceded the deadly blasts at the Chinese port of Tianjin, including a state-backed research paper highlighting the risk of "grave accidents and casualties" in the chemicals sector and an explosion in another city blamed on lax safety controls.

  • FRANKFURT, Aug 21- Smartphone apps that help people learn languages for free or nearly free, a few sentences at a time, are piling pressure on established education firms and setting the pace for how to make lessons more engaging. Phone and tablet-based mobile products from newcomers like Germany's Babbel, Britain's Memrise and U.S.-based Duolingo have...

  • *Calls for emergency OPEC meeting rebuffed. DUBAI/ LONDON, Aug 21- Some of OPEC's Gulf members are concerned about the latest drop in oil prices which had not been expected, OPEC delegates said, but they see little chance of the exporting group diverting from its policy of defending market share. "There is a concern about the health of the Chinese economy, but as...

  • LONDON, Aug 21- The euro hit a two-month high against a broadly weaker dollar on Friday, after more weak economic data from China added to doubts that the U.S. Markets had been reckoning that a solid U.S. economy could prompt the Fed to raise rates as soon as September, but the latest data from China, along with sliding commodity prices and unconvincing U.S. inflation...

  • SEOUL/ HONG KONG, Aug 21- Private equity firms have formed three separate teams to bid for Tesco's South Korean business valued at about $6 billion, four people with knowledge of the matter said on Friday, in what is tipped as Asia's biggest ever private equity deal. Asia- based Affinity Equity Partners has linked up with U.S. private equity firm KKR& Co, while Carlyle...

  • By drifting on to Reunion Island, the barnacled remains of a Boeing wing part from the Malaysia Airlines jet have given the upper hand to a French judicial investigation, exposing for the second time this year how civil crash investigations struggle to compete with police-led probes. But in dozens of countries, notably France, they exist in uneasy...

  • Aug 21- U.S. stock index futures fell sharply on Friday, with the S&P 500 mini futures falling to their weakest level since early February, as more alarming data from China spooked investors already fraught with concerns over global growth. *The data from China showed its giant manufacturing sector slowing at the fastest pace since the depths of the financial...

  • *Reserves at $94.5 bln at mid-Aug, was $100.5 bln a month ago. KUALA LUMPUR, Aug 21- Malaysia's international reserves have dropped again, a slide that's beginning to worry some economists and investors as the ringgit continues to weaken. Currency reserves fell to $94.5 billion as of Aug. 14, Bank Negara Malaysia said on Friday, from $96.7 billion as of July 31 and...

  • Aug 21- Deere& Co, the maker of John Deere tractors, reported a 40 percent fall in quarterly profit, hurt by weak demand for its agriculture equipment. Net income attributable to Deere fell to $511.6 million, or $1.53 per share, in the third quarter ended July 31 from $850.7 million, or $2.33 per share, a year earlier. Deere's farm and turf equipment sales, which account...

  • *China flash PMI shrinks at fastest pace in nearly 6-1/ 2 years. *China refined nickel imports nearly double in July. LONDON, Aug 21- Copper tumbled on Friday, heading for a seventh consecutive weekly loss, as poor factory data in China sparked alarm in global markets and fanned fears of a slide in metals consumption in the world's top copper buyer.

  • *Corn steady after rally, Pro Farmer tour yield eyed. PARIS/ SINGAPORE, Aug 21- Chicago soybean futures edged lower on Friday, keeping the market headed for a second straight weekly loss as timely rains were expected to benefit U.S. crops and investor jitters about China's economy continued to sap commodity markets. Corn was little changed as it consolidated after...

  • NEW DELHI, Aug 21- Indian carmaker Tata Motors Ltd said on Friday' many' of the 5,800 Jaguar and Land Rover vehicles it had at Tianjin port in China were likely to have been damaged in the recent chemical explosion that killed more than a hundred people. The company said it has yet to determine the exact extent of the damage, joining other global carmakers such as...

  • TOKYO, Aug 21- Japanese trading firm Sumitomo Corp has cut its forecast of London Metal Exchange aluminium prices to $1,800 in the October-December quarter from its January estimate of $2,000 due to rising exports from China and a stronger U.S. dollar. It also lowered its estimate of Japan's aluminium premiums, the surcharge for obtaining physical metal, for...

  • ATHENS, Aug 21- Rebels opposed to Greece's international bailout walked out of the leftist Syriza party on Friday, formalising a split after its leader Alexis Tsipras resigned as prime minister and paved the way for early elections. Greece's president gave the conservative opposition a chance to form a new government following Tsipras's resignation on...

  • Mainland Chinese stocks ended more than 4 percent down, chalking up losses of more than 11 percent on the week- its weakest performance since mid-June when it fell more than 13 percent in a week, while MSCI's broadest emerging market share index fell 1.6 percent, heading for a weekly fall of more than 5 percent. The sell-off gripped bourses around the globe, with...

  • *Daily life goes on as normal in Pyongyang, Seoul. SEOUL, Aug 21- North Korean leader Kim Jong Un ordered his troops onto a war footing from 5 p.m on Friday after his government issued an ultimatum to Seoul to halt anti- Pyongyang propaganda broadcasts by Saturday afternoon or face military action. Tension escalated on Thursday when North Korea fired four shells...

  • BEIJING, Aug 21- China's government rolled out fresh guidance on Friday aimed at supporting its new Silk Road infrastructure initiative, along with regional development in the Beijing- Tianjin- Hebei area and the Yangtze River economic corridor that includes Shanghai. China is seeking to extend its influence and to support domestic industry through its "One...