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  • *Some people see parallels with Greece. LONDON, Sept 3- Bondholders cheering Ukraine's debt swap face the risk that Kiev will return to the bargaining table within a few years, following the path Greece trod after its 2012 restructuring. Ukraine's sovereign bonds have rallied 40 percent to trade up to 75 cents per dollar of face value following the Aug. 27...

  • SEOUL, South Korea— Asian stock markets were lower Friday with Tokyo's index down more than 2 percent as caution prevailed before the release of the monthly U.S. jobs report and the resumption of trading on Chinese stock markets next week. KEEPING SCORE: Japan's Nikkei 225 tumbled 2.6 percent to 17,687.18 and South Korea's Kospi dropped 1.5 percent to 1,887.61.

  • Those who remain bullish on China's long-run economic prospects have switched more of their focus to the Hong Kong market because valuations are lower, it is better regulated, and less prone to the whims of officials in Beijing than the mainland markets in Shanghai and Shenzhen. Those include betting against the currencies of Asian trading partners, and...

  • MISSOULA, United States- Federal Reserve Bank of Minneapolis President Narayana Kocherlakota speaks before a Town Hall open forum- 0100 GMT. LONDON- Swedish Riksbank Deputy Governor Cecilia Skingsley speaks at Deutsche Bank's headquarter in London on the Swedish central bank's latest report- 0930 GMT. ANKARA- German Finance Minister Wolfgang Schaeuble and...

  • WASHINGTON, Sept 3- London day trader Navinder Sarao has been formally indicted by a U.S. federal grand jury on charges of market manipulation that prosecutors say helped contribute to the 2010 "flash crash," according to a Sept. 2 court filing made public on Thursday. The Justice Department first announced criminal charges against Sarao in April and is seeking to...

  • NEW YORK, Sept 3- The euro fell 1 percent on Thursday on a darkening euro zone outlook, while U.S. stocks pared sharp early gains to end barely higher as investors grew cautious ahead of Friday's August jobs report. Global stock markets rallied earlier in the session following a pledge from European Central Bank President Mario Draghi to beef up or prolong the...

  • NEW YORK, Sept 3- The euro fell 1 percent on Thursday on a darkening euro zone outlook, while U.S. stocks pared sharp early gains as investors grew cautious ahead of Friday's key jobs report. Stocks rallied earlier following European Central Bank President Mario Draghi's pledge to beef up or prolong the bank's economic stimulus if necessary.

  • *Brent up 18 cents after wild ride; U.S. crude rises 50 cents. NEW YORK, Sept 3- Oil prices inched higher on Thursday in see-saw trade, tracking gains in Wall Street equities for a second straight day despite a weekly build in U.S. crude inventories that weighed on the outlook for oil. "Early strength and a late fade," Donald Morton, an oil trader with Fairfield, Connecticut-...

  • Despite data on Wednesday showing a huge build in U.S. crude inventories, oil rallied early in New York trade as investors regained their appetite for risk due to a respite in bad news out of China and the potential for more European monetary easing. "Early strength and now a late fade," Donald Morton, an oil trader with Fairfield, Connecticut- based Herbert J. Sims& Co.,...

  • ZURICH, Sept 3- A ship built by the CIA for a secret Cold War mission in 1974 to raise a sunken Soviet sub is heading to the scrap yard, a victim of the slide in oil prices. Christened the Hughes Glomar Explorer, after billionaire Howard Hughes was brought in on the CIA's deception, the 619- foot vessel eventually became part of the fleet of ships used by Swiss company...

  • JPMorgan's Global All-Industry Output Index, produced with private data vendor Markit, held steady at July's 53.7 last month and has been above the 50 mark that divides growth from contraction since October 2012. Markit's global service sector purchasing managers index rose to 54.4 in August from 54.1 in July, though on Tuesday the world manufacturing PMI...

  • *Some people see parallels with Greece. LONDON, Sept 3- Bondholders cheering Ukraine's debt swap face the risk that Kiev will return to the bargaining table within a few years, following the path Greece trod after its 2012 restructuring. Ukraine's sovereign bonds have rallied 40 percent to trade up to 75 cents per dollar of face value following the Aug. 27...

  • *MSCI global stocks index climbs. NEW YORK, Sept 3- The euro fell 1 percent on Thursday on a darkening euro zone outlook, while global stock markets rallied as the European Central Bank chief pledged to beef up or prolong the bank's economic stimulus if necessary. ECB President Mario Draghi's comments on the bank's bond-buying program came as the bank cut its...

  • NEW YORK, Sept 3- Crude futures rose for a second straight session on Thursday on the strength of equity markets as a respite in bad news out of China and the potential for more European monetary easing added to risk taking in oil. U.S. crude's front-month showed a gain of $1.10 at $47.35, versus a session high above $48. "You can call it a risk on day," said Tariq Zahir, a...

  • LONDON, Sept 3- Giving cheap aspirin to cancer patients may turbo-charge the effectiveness of expensive new medicines that help their immune systems fight tumours, experiments on mice suggest. One reason is that cancer cells often produce large amounts of the molecule prostaglandin E2, which turns down the immune system's normal attack response to tumour...

  • NEW YORK, Sept 3- The euro fell on Thursday on a darkening euro zone outlook, while global stock markets rallied as the European Central Bank chief pledged to beef up or prolong the bank's economic stimulus if necessary. ECB President Mario Draghi's comments on the bank's bond-buying program came as the ECB cut its inflation and growth forecasts for the euro zone,...

  • *FTSE 100 up 1.4 pct, slightly outperforms Europe. *Battered miners Glencore, Anglo American stage rebound. The FTSE 100 blue-chip index, which is due to be reshuffled on Sept. 21 to include housebuilder Berkeley Group and drop Weir Group, was up 1.4 percent at 6,169.22 points at 1103 GMT, slightly outperforming the FTSEurofirst 300 index, up 1.3 percent.

  • *Markit says PMI points to Q3 GDP growth of 0.4 pct. LONDON, Sept 3- Euro zone business activity accelerated at its fastest pace in more than four years last month, according to surveys that highlighted an ongoing divergence between laggard France and the other big economies in the currency bloc. The data, which come as official numbers showed retail sales rose less...

  • *Iceland produces enough energy to power 1.65 million homes in a year, far more than its 300,000- strong population, according to 2013 data from Iceland's energy authority and Reuters calculations. *Cables connect Iceland to the United States via Greenland and Canada, to Britain and to mainland Europe via Denmark and Germany. *Iceland plans to expand this...

  • FRANKFURT, Germany— The European Central Bank is ready to give the eurozone economy a bigger dose of stimulus if turmoil in China and weaker global growth hurt its modest recovery, President Mario Draghi said Thursday. Draghi said the ECB can add to its 1.1 trillion euro program, if the 19- country currency bloc needs it. Tom Rogers, senior economic adviser to the EY...