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  • MEXICO CITY, Aug 20- Mexican economic growth picked up in the second quarter as the services sector expanded at its fastest pace in a year, offsetting flat industrial output on wobbling exports and sinking oil production. Total exports to the United States, Mexico's top trading partner, have been inconsistent. Mexico's central bank earlier this month cut its...

  • *Fed minutes offer no firm clue on rate hike timing. NEW YORK, Aug 20- U.S. They really did not put forth an exact timeline and people had really felt that the Fed was going to telegraph the rate hike, "said Mary Ann Hurley, vice president in fixed income trading at D.A.

  • LONDON, Aug 20- Britain will reopen its embassy in Iran this weekend nearly four years after protesters ransacked the elegant ambassadorial residence and burned the British flag, a British diplomatic source said on Thursday. After a nuclear deal was reached between Iran and six major world powers including Britain, Hammond said he hoped to re-open the embassy...

  • *Greece repays ECB debt with new bailout money. Tsipras- who remains popular in Greece and would be widely expected to return to power if elections were held now- was huddling with senior advisers on Thursday afternoon to decide his next move, a government official said. Tsipras had been expected to call snap polls at some point in the autumn after a bruising seven...

  • DUBAI, Aug 20- Saudi Arabia's riyal fell in the forwards market on Thursday as oil prices dropped and Saudi equities fell, prompting some traders to hedge against the risk of the riyal's peg to the U.S. dollar eventually coming under pressure. One-year dollar/Saudi riyal forwards jumped as high as 305 points, their highest level since March 2003, from Wednesday's...

  • Apple gains share in global smartphone market-Gartner Thursday, 20 Aug 2015 | 8:47 AM ET

    Aug 20- Apple Inc increased its market share in the second quarter when global smartphone sales grew at the slowest pace since 2013, according to market research firm Gartner Inc.. The iPhone maker's share of the worldwide smartphone sales market rose to 14.6 percent in the quarter from 12.2 percent a year earlier. Rival Samsung Electronics Co Ltd's share fell...

  • US TREASURY YIELDS RISE SLIGHTLY AFTER JOBLESS CLAIMS DATA, 10- YEAR NOTE YIELDS INCREASE TO 2.11 PERCENT.

  • RIO DE JANEIRO, Aug 20- Brazil's unemployment rate rose for a seventh straight month in July to the highest in over five years, government data showed on Thursday, underscoring expectations for a deep recession in 2015.. Brazil's non-seasonally adjusted jobless rate rose in July to 7.5 percent from 6.9 percent in June, statistics agency IBGE said.

  • *Greece repays ECB debt with new bailout money. ATHENS, Aug 20- Greek Prime Minister Alexis Tsipras is set to call early elections, state television said on Thursday, in a bid to quell a mounting rebellion in his leftist Syriza party and seal support to implement a tough bailout programme. Tsipras had been widely expected to call snap polls at some point in the autumn...

  • WASHINGTON, Aug 20- The number of Americans filing new applications for unemployment benefits unexpectedly rose last week, but the trend remained consistent with solid labor market momentum that could keep the Federal Reserve on track to raise interest rates this year. Initial claims for state unemployment benefits increased 4,000 to a seasonally...

  • NAIROBI, Aug 20- Kenya's telecoms regulator said on Thursday that new regulations to prevent large firms abusing their dominant position in the sector are not targeted at Safaricom, the country's biggest operator, or any other company. He denied media reports that the regulations were targeted at Safaricom, which is 40 percent- owned by Britain's Vodafone.

  • Aug 20- Consolidation among U.S. banks, particularly capital-squeezed small- and mid-cap lenders, is set to rise in the next year or two due to persistently low interest rates, RBC banking analyst Gerard Cassidy said. This week, BB&T Corp said it would buy National Penn Bancshares Inc for about $1.8 billion, hot on the heels of regulatory approval for its $2.5...

  • ATHENS, Aug 20- Greek Prime Minister Alexis Tsipras is expected to announce a snap election later on Thursday, state broadcaster ERT said, in a move to quell a rebellion in his leftist Syriza party after agreeing a new bailout for the country. Speculation of early elections, most likely in September, has grown in recent days with senior aides including Energy...

  • *Gold up nearly 6 pct from July's 5-1/ 2- year low. LONDON, Aug 20- Gold hit its highest in nearly five weeks on Thursday as the dollar eased after meeting minutes from the U.S. Spot gold hit a high of $1,141.75 an ounce, its highest since July 17, and was up 0.5 percent at $1,140 as of 1210 GMT.

  • FACTBOX-Greece's funding program - the ins and outs Thursday, 20 Aug 2015 | 8:17 AM ET

    ATHENS, Aug 20- The European Union's ESM fund paid out the first money on Thursday from Greece's third bailout, allowing Athens in turn to make a payment to the European Central Bank on bonds held there. Following is a schedule of disbursements under the 86 billion euro rescue package and payments due on Greece's debt. -Greece makes a 3.2 billion euro payment to the...

  • ADDIS ABABA, Aug 20- Ethiopian Airlines is powering ahead with a plan to expand its fleet and route network after exceeding its profit target for the 2014/ 15 year, its chief executive said in an interview. Ethiopian Airlines flew six million passengers in the prior year, up from 5.22 million in 2012/ 13.. Ethiopian Airlines plans to increase revenue to $10 billion by...

  • Aug 20- U.S. digital health startup Grand Rounds, which connects patients with medical experts mainly for a second opinion, said it had raised $55 million in new capital. The company, whose customers include Comcast Corp, Costco Wholesale Corp and Evernote, said on Thursday it would use the funds to expand its technology, care team and analytics platform.

  • JERUSALEM, Aug 20- The Bank of Israel is expected to leave short-term interest rates unchanged for a sixth straight month next week, with just an outside chance that weak economic growth and lower inflation expectations could spur it to cut rates to zero or below. "The Bank of Israel is likely to stay in wait-and-see mode until the Fed decision in September," said...

  • The return to profit, as well as the drop in sales, were flagged earlier this month in an earnings preview by the company, which runs the Sears department store and Kmart discount store chains. The REIT has leased the stores back to Sears for operation. Sears expects a $1.4 billion gain from that transaction.

  • ATHENS, Aug 20- Greek Prime Minister Alexis Tsipras is due to meet senior advisers shortly to discuss whether to call early elections to quell a rebellion in his leftist Syriza party, a government official said on Thursday.