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  • US STOCKS-Futures lower after China devalues yuan Tuesday, 11 Aug 2015 | 7:20 AM ET

    Aug 11- U.S. stock index futures were lower on Tuesday after China's surprise devaluation of the yuan increased unease about the health of the world's second-largest economy and pushed the dollar higher. *U.S. stocks had climbed on Monday, giving the S&P 500 its biggest increase since May, buoyed by gains in commodity-related shares and optimism over Warren...

  • European shares fall as China devaluates, ZEW weakens Tuesday, 11 Aug 2015 | 7:11 AM ET

    *Konecranes shares surge on Terex merger plan. LONDON, Aug 11- European shares retreated on Tuesday, with carmakers and luxury goods stocks among the worst performers, after China devalued its currency and a report showed economic sentiment weakening in Germany. "What is good for growth in China is unfortunately bad for everybody else," said Bill McQuaker, co-head...

  • Aug 11- Antivirus maker Symantec Corp said it would sell its data storage business, Veritas, for $8 billion in cash to a group that includes Carlyle Group LP and Singapore's sovereign wealth fund GIC.

  • WARSAW, Aug 11- Poland, which has lost out to Slovakia as the venue for a potential new plant for carmaker Jaguar Land Rover, did not want to match the level of state support offered by its neighbour, the economy ministry said on Tuesday. "We have made a good offer to our partners, but it was not costly for state budget," the ministry said in a statement.

  • China strengthens hold over oil market as price maker Tuesday, 11 Aug 2015 | 6:46 AM ET

    *China's crude import costs more than halved to $10 billion/ month. SINGAPORE, Aug 11- China's growing ability to buy and sell millions of barrels of crude oil on the Asian physical market in a matter of minutes through its main trading firms has given China so much clout that other traders are often forced to follow its agreed prices. Early this month, Chinaoil, the...

  • *Stocks fall in Asia and Europe. LONDON, Aug 11- China's shock 2 percent devaluation of the yuan on Tuesday pushed the dollar higher and raised the prospect of a new round of currency wars, just as Greece reached a new deal to contain its debt crisis. Stocks fell in Asia and Europe as investors worried about the implications of a move designed to support China's...

  • LONDON, Aug 11- OPEC on Tuesday raised its forecast of oil supplies from non-member countries in 2015, a sign that oil's price collapse is taking longer to impact on shale and other competing sources than previously thought. In a monthly report, the Organization of the Petroleum Exporting Countries raised its forecast for non- OPEC supply this year by about...

  • LONDON, Aug 11- Aluminium hit a six-year low and other base metals also slumped on Tuesday after China devalued its currency, fuelling worries about a glut of aluminium and boosting the cost of commodities for the world's top metals consumer. "The devaluation will make commodities more expensive for China to import, so I would imagine that is the main reason for...

  • *All-stock merger, Terex shareholders to get 60 pct. HELSINKI, Aug 11- U.S. cranes and mining equipment maker Terex and Finnish rival Konecranes have agreed an all-share merger, hoping a combined $10 billion in annual revenues will help them better cope with cooling Chinese and weak European demand. Terex shareholders will own 60 percent of the enlarged company,...

  • ATHENS, Aug 11- Greece has secured funding from the EU and IMF worth about 85 billion euros over three years, a Greek finance ministry official said on Tuesday after Athens and its lenders clinched a bailout agreement after a marathon round of tlaks. The package had been expected to be worth up to 86 billion euros but there had been no confirmation of its size and...

  • PARIS/ SINGAPORE, Aug 11- Chicago corn and soybean futures fell on Tuesday from two-week highs as stable U.S. crop ratings eased concerns about dry weather while China's devaluation of the yuan led to broad weakness in commodity markets. After the market closed on Monday, the U.S. Department of Agriculture in its weekly crop progress report rated 70 percent of the...

  • LONDON, Aug 11- Greek financial markets surged on Tuesday after Athens agreed a multi-billion-euro bailout deal with international lenders. The deal, reached after marathon talks, is expected to be signed off by Greece's parliament and euro zone finance ministers this week to ensure Athens has enough cash to meet a chunky repayment to the European Central...

  • U.S. small business confidence bounces back in July Tuesday, 11 Aug 2015 | 6:00 AM ET

    WASHINGTON, Aug 11- U.S. small business confidence rebounded in July from a 15- month low as owners anticipated solid sales and inventory growth, providing another boost to the economic outlook for the third quarter. The National Federation of Independent Business said on Tuesday its Small Business Optimism Index increased 1.3 points to 95.4.

  • Even as banks walk away, coal on the rise in Australia Tuesday, 11 Aug 2015 | 5:59 AM ET

    Clean Power Plan unveiled last week aims to shift the fuel generation mix dramatically away from coal- production is rising in Australia. "To say coal mining will stop in Australia is unrealistic," said James Wilson, an analyst with Morgans Financial in Perth, noting that some of the biggest and most efficient mines in the world are located in the country.

  • FACTBOX-Reforms Greece must make for its bailout Tuesday, 11 Aug 2015 | 5:45 AM ET

    ATHENS, Aug 11- Greece and its international lenders reached a multi-billion euro bailout deal on Tuesday to keep the nation in the euro zone and prevent financial meltdown, officials said. Here are some of the details of what Greece is required to do for up to 86 billion euros in fresh aid:. -Greece to produce primary budget surplus starting 2016..

  • Aimed at creating a customs union for India's 1.2 billion people, the Goods and Service Tax is the biggest revenue shake-up since independence from Britain in 1947. Supporters say it will add up to two percentage points to economic growth. As monsoon rain lashed the colonial-era parliament building, Finance Minister Arun Jaitley introduced the bill in the...

  • TOKYO, Aug 11- Japan on Tuesday skipped publishing a monthly average import price for liquefied natural gas for July, due to a lack of import cargoes arriving in the country, another sign that global demand for the fuel is faltering. The average import price of LNG into Japan, the world's biggest buyer of the fuel, fell to its lowest in nearly six years in June, to just...

  • ISLAMABAD, Aug 11- Pakistan is in the final stages of negotiating a deal to increase its electricity imports from Iran tenfold, a Pakistani government spokesman said Tuesday, part of a push to boost trade if sanctions relating to Iran's nuclear programme are phased out. Pakistan's trade with Iran, worth $1.3 billion in the financial year 2008-9, plummeted to...

  • LONDON, Aug 11- Gold rose more than one percent on Tuesday as the dollar cut gains and European stocks fell and investors assessed the impact of China's move to devalue its currency and prop up its economy. China's rate decision triggered a sharp but short-lived retreat in gold to a session low of $1,093.25 an ounce. "Gold's best moment this year came in the first few...

  • LONDON, Aug 11- Emerging market currencies tumbled on Tuesday in the wake of China's record 1.9 percent currency devaluation, which took offshore-traded yuan 2.5 percent lower and rekindled fears for growth in the world's No. 2 economy. China's central bank cut the yuan's daily fix, effectively devaluating it against the dollar after data released on the...