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  • Asian stocks rose Thursday after Wall Street rebounded from a sharp sell-off and as a holiday in China gave investors a break from its torrid markets. Markets were closed in China, which has suffered a dramatic slide since June, and Hong Kong. "Without China to provide guidance, improved sentiments from the Street would provide trading clues for Asian investors."

  • PARIS- French Finance Minister Michel Sapin holds a press conference- 0500 GMT. AOMORI, Japan- Bank of Japan board member Takahide Kiuchi speaks in Aomori- 0130 GMT. MISSOULA, United States- Federal Reserve Bank of Minneapolis President Narayana Kocherlakota speaks before a Town Hall open forum- 0100 GMT.

  • NEW YORK, Sept 2- Oil prices turned higher on Wednesday in volatile trading as rallying equities on Wall Street pulled crude up from lows after futures sank on concerns about global oversupply. "Looks like risk-on trade with a rising tide lifting all boats," John Kilduff, partner at Again Capital LLC in New York, said. Brent October crude was up 14 cents at $49.70 a...

  • NEW YORK, Sept 2- Global stock indexes rose on Wednesday, drawing support from reports of brokerage measures in China to invigorate the country's battered markets, while oil recovered from earlier losses to trade near flat. The news stabilized global markets and soothed concerns that slowing growth in China will hurt the global economy. "Possible actions by...

  • LONDON, Sept 2- Rebekah Brooks, the Rupert Murdoch protegee cleared last year of orchestrating a criminal campaign that damaged the British establishment, will return to her old job running the tycoon's British newspapers next week in a stunning comeback. Brooks, who worked her way up from the lowest rung on a newsroom ladder to become one of the most influential...

  • NEW YORK, Sept 2- Oil prices fell a second day on Wednesday after government data showing U.S. crude stockpiles rose last week added to concerns about global oversupply and sluggish economic growth in China. Brent October crude was down $1.60 at $47.96 a barrel at 12:19 p.m. EDT, having swung from $47.74 to $50.79. October crude was down $1.95 at $43.46, having...

  • LONDON, Sept 2- Rebekah Brooks will return to her old job running Rupert Murdoch's British newspapers, one year after she was cleared of criminal wrongdoing in one of the biggest media and political scandals to hit the country. Brooks, who worked her way up from the lowest rung on a newsroom ladder to become a Murdoch protege and one of the most influential people in...

  • NAIROBI, Sept 2- Madagascar plans to increase royalty fees and claim 10 percent stakes in mining concessions, under proposed changes to its mining code, according to a draft document seen by Reuters on Wednesday. One of Africa's poorest countries, Madagascar hopes to accelerate economic growth by developing natural resources but it has struggled to attract...

  • LONDON, Sept 2- Royal Dutch Shell gained EU approval on Wednesday for its $70 billion acquisition of Britain's BG Group, the second of four key markets needed to clear the deal. The deal, announced in April, received the green light from Brazil in July but still requires mandatory approvals from authorities in Australia and China. "Receiving clearance from the...

  • *Trend-following funds add to selling pressure-J.P.Morgan. LONDON, Sept 2- Understanding why financial markets are caught in the grip of the kind of volatility that has seen moves of more than 8 percent in two days may have more to do with trading the trend than a radical shift in the economic growth outlook. For every 10 percent drop in equity indexes, J.P.Morgan...

  • *China intervention helping calm market jitters- traders. LONDON, Sept 2- European equities gained on Wednesday after a volatile start to the week, drawing support from brokerage measures in China to invigorate the country's battered markets and from expectations of policy-easing by major central banks. "Possible actions by some central banks such as China...

  • NEW YORK— News Corp, Rupert Murdoch's media empire, has confirmed that Rebekah Brooks is returning to the top spot in London more than a year after she was acquitted of charges in a hacking scandal that shocked the U.K.. The New York company said Wednesday that Brooks, 47, will be CEO of News UK, returning Monday to a role she left in 2011 amid the hacking scandal at the...

  • Investors remain on edge after the latest market plunge, which was triggered by more signs of slowing growth in China. Tax preparation company H&R Block was the biggest gainer in the S&P 500, rising $2.47, or 7.5 percent, to $35.42. The market has been bouncing around sharply the last few weeks following signs of weakness in China and uncertainty over when the...

  • *China intervention helping calm market jitters- traders. *Alstom up on report GE deal set for green light. China, the epicenter of worries over the global growth outlook, enjoyed a late market recovery after nine Chinese brokerages pledged to buy more than 30 billion yuan of shares, according to the China Securities Journal.

  • *Expected to be largest PE deal in Asia. SEOUL/ HONG KONG, Sept 2- British retailer Tesco PLC has picked private equity firm MBK Partners as preferred bidder to buy its South Korean unit, people with direct knowledge of the process said, in a deal that could be valued at as much as $6.6 billion. MBK beat out bids from a combination of buyout firms Affinity Equity Partners...

  • *Gold steadies after 4- day advance as Fed clues awaited. LONDON, Sept 2- Gold steadied on Wednesday after a four-day rally, as uncertainty over the timing of a looming U.S. rate hike kept a lid on prices, with a retreat in stocks after weak U.S., Chinese and European manufacturing data lending some support. Gold has risen 2 percent since a sharp slide last week bottomed...

  • LONDON, Sept 2- Nick Robertson, the founder of British online fashion retailer ASOS, has stepped down as chief executive after 15 years in which he transformed the internet start-up into a retail powerhouse with millions of fans around the world. ASOS, popular with Internet savvy twentysomethings and high-profile supporters such as British singer Rita Ora and...

  • *China intervention helping calm mkt jitters- traders. *ECB meeting, China holiday seen also soothing. LONDON, Sept 2- European stock markets recovered from a rough start to the week on Wednesday, rising almost 1 percent as traders pointed to intervention in China that helped calm wobbly markets and hopes for more central bank action.

  • PARIS— Hundreds of Eurostar train passengers trying to travel under the English Channel were stranded in France and Britain after migrants climbed on tracks overnight in the port city of Calais, officials said Wednesday. The problems overnight are the latest in a summer wracked by travel disruptions and diplomatic tensions around Calais, where thousands of...

  • LONDON, Sept 2- Nick Robertson, the founder of British online fashion retailer ASOS, has stepped down as chief executive after 15 years in which he transformed the internet minnow into a retail powerhouse with fans around the world. ASOS, popular with Internet savvy twentysomethings and high-profile fans such as British singer Rita Ora and U.S.