MILAN, Dec 8- The European Central Bank has the tools to counter a possible excessive slowdown in inflation and would act if necessary, Governing Council member Jens Weidmann told an Italian newspaper on Sunday. We are ready and able to act, "the head of Germany's Bundesbank was quoted as saying in Il Sole 24 Ore.» Read More
NEW YORK, Aug 27- Bank of America Corp failed to persuade a federal judge to dismiss a lawsuit in which the United States accused it of causing taxpayers more than $1 billion of losses by selling thousands of toxic mortgage loans to Fannie Mae and Freddie Mac.
BlackBerry has been shifting executives to the BBM team and working on other offerings beyond messaging, including some tools already available to BlackBerry users, like video chatting, the newspaper said. A BlackBerry spokeswoman said the company cannot comment on rumor and speculation.
LONDON, Aug 27- The United States could improve how it spots and prevents risks in the financial system from turning into destabilising crises, a global regulatory task force said on Tuesday.
BUDAPEST, Aug 27- Hungary's central bank slowed the pace of monetary easing slightly on Tuesday, cutting interest rates by 20 basis points, as markets have turned volatile on concerns about reduced inflows to emerging markets.
WASHINGTON, Aug 27- The U.S. Defense Department has reached an agreement with Pratt& Whitney, a unit of United Technologies Corp., to buy 38 engines to power a sixth batch of F-35 Joint Strike Fighter warplanes, the Pentagon said on Tuesday. In a statement, the Pentagon said the agreement reflected a continued reduction in the cost of the F-35 engines.
*West readying attack on Syria- sources. NEW YORK, Aug 27 (Reuters)- Brent crude jumped to a six-month high near $114 a barrel on Tuesday amid reports that Western powers were readying a military strike against Syria to punish it for a poison gas attack. Both Brent and U.S. crude gained upwards of $3 a barrel as tensions climbed in Syria.
WASHINGTON, Aug 27- The Securities and Exchange Commission will meet with heads of exchanges on Sept. 12 to discuss last week's trading glitch with Nasdaq-listed stocks, the top U.S. securities regulator said on Tuesday.
*Syria war threat fuels profit taking on summer rally. LONDON, Aug 27- European stocks suffered their biggest daily drop in two months on Tuesday as the threat of a military strike against Syria prompted investors to take profit on some of this summer's best performers and to buy insurance against future losses.
Aug 27- The Mexican unit of Taylor Farms, a food processor whose salad mix had been linked with an intestinal bug outbreak that affected some Olive Garden and Red Lobster restaurants, has been authorized by U.S. health regulators to resume operations.
*2nd- quarter loss $0.97/ ADS vs $2/ ADS year ago. Aug 27- China- based LDK Solar Co Ltd's cash levels dwindled to their lowest in nearly four years and the debt-laden company said it would be unable to meet a debt payment due on Wednesday. LDK shares were down 14 percent at $1.49 in morning trading on the New York Stock Exchange.
Oil production has fallen to 665,000 barrels per day due to a month-long disruption by armed security guards that led to the closure of major export ports, down from 1.55 million bpd before Libya's 2011 civil war, he told al-Hurra channel.
*Home prices rise in June but slower pace of gains may be harbinger. *Consumer confidence up despite higher interest rates, future outlook improves. NEW YORK, Aug 27- U.S. home prices rose in June, extending a multi-month rebound, though the pace of gains cooled, suggesting higher mortgage rates may end up slowing momentum as the year winds down.
LONDON, Aug 27- Gold hit a 15- week high on Tuesday, bolstered by safe-haven buying as the West edged towards possible military action against Syria, while strong support came from some expectation of prolonged U.S. monetary stimulus after weak U.S. data.
MOSCOW, Aug 27- Billionaire Roman Abramovich is close to buying one of the biggest top-end office complexes in Moscow for up to $800 million in what would be Russia's second-largest office deal, three sources told Reuters.
RIO DE JANEIRO/ KUALA LUMPUR, Aug 27- Petroliam Nasional Bhd, the Malaysian state oil company, said a final agreement to buy a stake in an oil field owned by Brazil's OGX Petróleo e Gas Participações SA is being held up by the completion of OGX's debt restructuring plan.
LONDON, Aug 27- The Indian rupee and Turkish lira tumbled to new record lows on Tuesday as investors' headlong flight out of emerging markets gathered pace with added impetus from uncertainty over Western military action against Syria.
LONDON, Aug 27- The world's top banks will likely comply with new global rules forcing them to hold more capital well before the deadline at the end of 2018, global banking supervisors said on Tuesday.
*Switch from nuclear to renewable to cost 550 bln euros by 2050. BERLIN, Aug 27- Germany's half-a-trillion-euro energy overhaul is forcing sector players to turn around their business models fast, giving smaller groups a head start on the country's ponderous utilities. But those days are over, "said Kim Petrick, partner at consulting firm Bain& Company."
*SG only sees 26 deep-value stocks versus 145 in May 2012. The STOXX Europe 600 has surged 30 percent since May 2012, while the euro zone blue-chip index has jumped 38 percent over the same period. "Easy picking has disappeared," Societe Generale global quantitative strategist Andrew Lapthorne said. "
NEW YORK, Aug 27- U.S. stocks fell on Tuesday as signs grew of an impending military strike against Syrian President Bashar al-Assad's forces in retaliation for a chemical weapons attack on civilians last week.