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  • EDINBURGH, Scotland- Bank of England's Executive Director of Prudential Policy David Rule at the Credit Scoring and Credit Control XIV Conference, University of Edinburgh. REYKJAVIK- Launch of Economic Survey of Iceland 2015. NEW YORK- Federal Reserve Bank of Boston President Eric Rosengren speaks on the economic outlook before the Forecasters Club of New...

  • NEW YORK, Aug 27- Two former Rabobank traders urged a U.S. judge on Thursday to dismiss an indictment accusing them of engaging in a scheme to manipulate Libor, the benchmark interest rate at the center of a global investigation into misconduct at several banks. Lawyers for Anthony Allen and Anthony Conti told a Manhattan federal judge that prosecutors could not...

  • JOHANNESBURG, Aug 27- South Africa- focused platinum producer Lonmin Plc said on Thursday it expected full-year underlying cash costs to stay below its guidance, indicating that its deep cost-cutting measures were beginning to bear fruit. Lonmin said its unaudited cash costs were at 10,499 rand per PGM ounce at the end of July on a year-to-date basis and are...

  • NEW YORK, Aug 27- Oil rocketed more than 10 percent higher on Thursday, posting its biggest one-day rally in over six years as recovering equity markets and news of diminished crude supplies set off a short-covering scramble by bearish traders. The rally was aided by news of a force majeure on Nigerian oil exports declared by Shell and private data indicating...

  • NEW YORK, Aug 27- The dollar rose for a third consecutive session on Thursday, bolstered by data showing a much stronger U.S. economy than had been thought and by gains in global equities, which benefited from improving risk sentiment. The reports, however, did little to change the view that the Federal Reserve would delay raising interest rates given recent market...

  • NEW YORK— Oil soared more than 10 percent Thursday, its biggest one-day gain since March 2009, lifted by resurgent global stock markets and a report showing the U.S. economy grew faster than previously reported in the second quarter. U.S. oil rose $3.96, or 10.3 percent, to $42.56 in New York. "One up day in a sea of consistent summer selling does not make for an imminent...

  • LONDON/ BANGALORE, Aug 27- Shell's Nigerian unit, Shell Petroleum Development Company, declared force majeure on Bonny Light crude oil exports on Thursday after shutting down two key pipelines in the country due to a leak and theft. The Trans Niger Pipeline and the Nembe Creek Trunkline are two of the biggest onshore pipelines in Nigeria, and carry Bonny Light...

  • NEW YORK, Aug 27- Oil rocketed more than 8 percent higher on Thursday, posting its biggest one-day rally in years, as recovering equity markets and news of diminished crude supplies set off a short-covering surge by bearish traders. The rally was aided by news of a force majeure on Nigerian oil exports declared by Shell and private data indicating more drawdowns...

  • The Museum of London is hosting weeknight evenings with experts and curators on Oct. 15, 7 p.m.-9: 45 p.m., in a program called "Uncovering the Crime Museum"; on Nov. 16, 7 p.m.-9: 30 p.m., with "Curating the Crime Museum Uncovered"; and Nov. 24 and Dec. 16, 7 p.m.-10 p.m., with "Crack the Case." Museum of London Docklands is offering Halloween ghost tours, Oct. 31, 6 p.m.-8 p.m. and 9 p.m.-11...

  • NEW YORK, Aug 27- Oil rocketed more than 9 percent higher on Thursday in one of the biggest one-day rallies in years, as recovering equity markets and news of diminished crude supplies set off a short-covering surge by bearish traders. The rally was aided by news of a force majeure on Nigerian oil exports declared by Shell and private data indicating more...

  • NEW YORK, Aug 27- Oil rocketed more than 6 percent higher on Thursday in a snapback from a deep two-month slump as stock market rallies and news of diminished oil supplies drove a short-covering surge by bearish traders. Brent's front month rose $3.05 to $46.19 a barrel by 11:20 a.m. EDT, staging the biggest percentage gain since early this year and hitting...

  • LONDON, Aug 27- Copper and other base metals jumped on Thursday after comments by U.S. Federal Reserve officials helped calm global markets, including hard-hit stocks in top metals consumer China. Equities rallied around the world on Thursday following comments by two Federal Reserve officials that prompted investors to push back forecasts for U.S. rate...

  • LONDON, Aug 27- For every action there is an equal and opposite reaction. Or translating Sir Isaac Newton's third law of motion into financial language, markets don't move in straight lines. Although you'd be forgiven for thinking so after the pummelling base metals have taken over the last couple of weeks.

  • NEW YORK, Aug 27- The dollar advanced for a third consecutive session on Thursday, bolstered by data showing a much stronger U.S. economy than had been thought and by gains in global equities, which benefited from improving risk sentiment. The reports, however, did little to change the view that the Federal Reserve would delay raising interest rates given recent...

  • *Europe bourses in 2015: http://link.reuters.com/pap87v. LONDON, Aug 27- European shares rose on Thursday, recouping all of their losses this week, with gains across the board after market expectations of a U.S. rate hike were pushed back and as growth figures were revised sharply upwards. Bouygues was one of the best performing stocks, rising 5.4 percent after...

  • *Ukraine off the hook on debt repayments for four years. KIEV, Aug 27- Ukraine reached what its finance minister called a "win-win" deal with its largest group of creditors to ease repayments on its $18 billion debt, winning breathing space for an economy drained by the cost of fighting with pro-Russian separatists. The agreement, which includes a write-down of 20...

  • LONDON— London Underground has delayed plans to start a 24- hour subway service on weekends, allowing more time for talks with unions demanding better pay and conditions. The decision Thursday came as both Underground officials and union representatives reported progress on talks about the new service, which had been set to begin Sept. 12.

  • German industrial group ThyssenKrupp, Dutch healthcare and consumer group Philips and British food ingredients group Tate& Lyle are among those adjusting for lower growth and a new intensity in price wars. "The message which we have given the team in China is the following: You need to move up your margin," ThyssenKrupp Chief Executive Heinrich Hiesinger told...

  • LONDON— A grand piano that featured on many of ABBA's biggest hits is going up for auction in London. Sotheby's is offering the instrument, owned by the Stockholm recording studio where the Swedish pop group often recorded. The auction house said Thursday the piano by Swedish designer Georg Bolin— played on hits including "Waterloo,"'' Dancing Queen "and" Money, Money,...

  • *Gold's 3- day slide erases bulk of last week's gains. LONDON, Aug 27- Gold steadied on Thursday after its biggest one-day drop in five weeks, supported by speculation that a U.S. rate hike may take longer than expected but still under pressure from a rebound in stock markets and a firmer dollar. Gold tends to benefit from ultra-low rates, which cut the opportunity...