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  • BRITAIN'S HAMMOND SAYS IRANIANS WILL SIMULTANEOUSLY RE-OPEN THEIR EMBASSY IN LONDON ON SUNDAY.

  • *'Old Fox' Britain to reopen embassy to Iran. *Iran to reopen embassy in London- Hammond. KUWAIT, Aug 23- In a signal of the most striking thaw in the Western ties with Iran for over a decade, Foreign Secretary Philip Hammond will reopen the British embassy in Tehran nearly four years since protesters ransacked the elegant ambassadorial residence and burned the Union...

  • ITURUP ISLAND, Aug 22- Russia's Prime Minister Dmitry Medvedev said on Saturday that the government and central bank were preparing measures to boost foreign currency sales in response to the weakening rouble. His comments suggest Russia is again putting pressure on major exporters to help buttress the rouble by selling more of their foreign currency, a...

  • IMF official says "premature" to speak of Chinese crisis Saturday, 22 Aug 2015 | 10:19 AM ET

    RIMINI, Italy, Aug 22- China's economic slowdown and a sharp fall in its stock market herald not a crisis but a "necessary" adjustment for the world's second biggest economy, a senior International Monetary Fund official said on Saturday. Fresh evidence of easing growth in China hammered global stock markets on Friday, driving Wall Street to its steepest one-day...

  • ITURUP ISLAND, Aug 22- Russia's Prime Minister Dmitry Medvedev said on Saturday that the government and central bank are preparing measures to boost foreign currency sales in response to the weakening rouble. "Naturally we- I mean the government- will help the central bank in the sense of additional foreign currency inflows," Medvedev said.

  • RUSSIAN PM MEDVEDEV SAYS RUSSIAN GOVT AND CENTRAL BANK WILL TAKE MEASURES TO "HELP" ROUBLE.

  • Japan's Sharp in talks with Hon Hai on tie-up - Asahi Saturday, 22 Aug 2015 | 3:26 AM ET

    TOKYO, Aug 22- Japanese electronics maker Sharp Corp has entered negotiations with Taiwan's Hon Hai Precision Industry Co for a tie-up over Sharp's struggling display business, the Asahi newspaper reported on Saturday. Chief Executive Kozo Takahashi initially resisted but last month said he was open to major restructuring, including some kind of strategic...

  • NEW YORK, Aug 21- Colombia slashed its gold holdings by two-thirds last month, adjusting its reserves for the first time in years, as spot prices sank in a bullion rout, International Monetary Fund data showed on Friday. The reason for and timing of the move are not known, but it came as institutional and speculative investors pulled more cash en masse from...

  • SAO PAULO, Aug 21- The vice president of Brazil's TSE electoral authority on Friday asked for an investigation of President Dilma Rousseff's 2014 re-election campaign, citing evidence that it may have been financed with money from a corruption scheme at state-run oil firm Petroleo Brasileiro SA. In a document sent to federal prosecutors and federal police,...

  • LIMA, Aug 21- Peru's central bank said Friday that it was tightening reserve requirements on currency derivatives in its latest bid to soften the sol's slide against the dollar after it ended at its weakest level in nine years. A new monthly limit of $1 billion per month, from the current $1.2 billion per month, would apply as of Sept. 1. Emerging market currencies...

  • CHICAGO, Aug 21- The amount of turkey in U.S. freezers grew more than anticipated last month despite an outbreak of bird flu that killed more than nine million turkeys, experts said following Friday's government monthly cold storage report. The U.S. Department of Agriculture storage report also showed record-high pork and ham inventories for a second month in a...

  • President Barack Obama signed a federal declaration of emergency for Washington state on Friday, authorizing the U.S. Department of Homeland Security and the Federal Emergency Management Agency to coordinate relief efforts in 11 counties and several Indian reservations hard hit by wildfires. The Okanogan Complex includes the so-called Twisp River fire,...

  • WASHINGTON, Aug 21- China has reclaimed more land in the disputed Spratly Islands of the South China Sea than previously known, according to a new Pentagon report, and a senior U.S. defense official said it was unclear whether Beijing had stopped island-building in the region. "China has said that it... has stopped reclamation.... China's sole aircraft carrier, a...

  • SAO PAULO, Aug 21- Construction and engineering group Camargo Corrêa SA has agreed to pay 700 million reais to compensate state-run companies for damages related to bribery and price-fixing, prosecutors said on Friday. The funds will mostly go to public companies that were victims of Brazil's largest ever corruption scheme, prosecutors said.

  • Aug 21- Vital Therapies Inc lost three-quarters of its market value after the company said its liver therapy failed to meet its main goal in a late-stage study, raising doubts about the future of the treatment. The company said it would stop two ongoing studies of the cell-based therapy, which is aimed at treating alcohol-induced liver diseases such as...

  • Aug 21- Fears of a China- led global economic slowdown drove Wall Street to its steepest one-day drop in nearly four years on Friday and left the Dow industrials more than 10 percent below a May record. Stocks have seen few large moves this year, staying in a narrow range throughout 2015, but volatility spiked this month once China surprisingly devalued its...

  • NEW YORK, Aug 21- Puerto Rico on Friday asked the U.S. Supreme Court to overturn a ruling that blocks the restructuring of the commonwealth's public agencies. In a petition seeking the court's review, which was provided by one of the island's lawyers, Puerto Rico said a lower court erred in concluding that U.S. bankruptcy law blocks the restructuring of the...

  • NEW YORK, Aug 21- Puerto Rico on Friday asked the U.S. Supreme Court to overturn a ruling that blocks the restructuring of the commonwealth's public agencies. In a petition seeking the court's review, which was provided by one of the island's lawyers, Puerto Rico said the lower court erred in concluding that U.S. bankruptcy law blocks the restructuring of the...

  • NEW YORK, Aug 21- Arab Bank Plc on Friday described as "inaccurate" a report that it would pay "slightly more" than $1 billion to settle litigation brought by hundreds of Americans who accused it of facilitating militant attacks in Israel. Citing an unnamed lawyer with knowledge of the settlement, the trade magazine The American Lawyer reported that Arab Bank had...

  • *China factory activity at almost 6-1/ 2- year low. NEW YORK, Aug 21- World stock markets tumbled on Friday and U.S. oil prices dove briefly below $40 a barrel sparked by fresh evidence of slowing growth in China, sending investors scurrying to the safety of bonds and gold. Thomas Lee, managing partner at Fundstrat Global Advisors in New York, said it was hard to say what...