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  • OAKDALE, Minneapolis- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in a moderated question-and-answer session before a Woodbury Area/ St. Paul Chamber of Commerce event- 1720 GMT. FRANKFURT- ECB Governing Council meeting. THURSDAY, AUGUST 3 LONDON- Bank of England to release Inflation Report 1100 GMT.

  • OAKDALE, Minneapolis- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in a moderated question-and-answer session before a Woodbury Area/ St. Paul Chamber of Commerce event- 1720 GMT. FRANKFURT- ECB Governing Council meeting. THURSDAY, AUGUST 3 LONDON- Bank of England to release Inflation Report 1100 GMT.

  • NEW YORK, July 27- The S&P 500 ended lower following a drop in technology and transportation shares on Thursday, while oil prices extended their recent rally. The S&P 500, along with the Nasdaq, reversed gains from earlier in the session, while MSCI's 47- country All World share index eked out a record high. "The general sentiment of the market coming into the day was...

  • NEW YORK, July 27- A partnership between Belgium- based settlement provider Euroclear and U.S. startup Paxos to develop a blockchain-based service for the London gold market has been dissolved, the companies said on Thursday. The joint venture, which had been announced in June 2016, aimed to develop a new system to settle London bullion by using Paxos' Bankchain...

  • *S&P 500 turns down in New York afternoon trading. The Dow Jones transportation average was down 3.4 percent, on track for its biggest daily percentage decline since June 2016 and Britain's vote to exit the European Union, while the S&P technology index was down 1.4 percent. "The general sentiment of the market coming into the day was that transportation stocks...

  • NEW YORK, July 27- Oil prices rose to an eight-week high on Thursday, as a rally in U.S. gasoline futures spurred further gains this week that came after key OPEC members pledged to reduce exports and the U.S. government reported a sharp decline in crude inventories. "It's the summer driving season, so the market looks to gasoline for direction and with gasoline...

  • NEW YORK, July 27- The U.S. dollar rallied on Thursday after solid U.S. economic data, bouncing back from months- and years-long lows plumbed in early trading that followed Wednesday's Federal Reserve policy statement. The euro on Thursday fell 0.4 percent against the dollar, slipping below the $1.17 mark. It had earlier risen to $1.1776, its highest since January...

  • NEW YORK/ LONDON, July 27- Gold fell from a six-week high on Thursday, pressured by the dollar's bounce on solid U.S. economic data and as traders digested the Federal Reserve's Wednesday statement that showed it was closer to paring its balance sheet. Spot gold was flat at $1,260.86 an ounce by 2:26 p.m.. EDT, after peaking at $1,264.99, its highest since June 15.

  • LONDON— Richard Branson is selling his majority stake in Virgin Atlantic. The billionaire entrepreneur's Virgin group announced Thursday that he was selling a 31 percent stake to Air France-KLM for 220 million pounds. Meanwhile, Delta and China Eastern will take a 10 percent stake each in Air France-KLM by buying shares in a 751 million euro capital increase.

  • LONDON— British police said Thursday they have "reasonable grounds" to suspect that local authorities may have committed corporate manslaughter in a deadly high-rise fire in London. The Metropolitan Police force said it has officially informed the Royal Borough of Kensington and Chelsea, which owns the Grenfell Tower public housing block, and the...

  • LONDON— British police say there are "reasonable grounds" to suspect corporate manslaughter in Grenfell Tower fire.

  • NEW YORK, July 27- Oil prices rose to an eight-week high on Thursday, as a rally in U.S. gasoline futures spurred further gains this week that came after key OPEC members pledged to reduce exports and the U.S. government reported a sharp decline in crude inventories. "Today's buying rotation back to the front of the curve is a healthy sign that augers in favor of...

  • NEW YORK, July 27- A partnership between Euroclear and U.S. startup Paxos to develop a blockchain-based service for the London gold market has been dissolved, a spokeswoman for the Belgium- based settlement house said on Thursday. The joint venture, which had been announced in June 2016, aimed to develop a new system to settle London bullion by using Paxos'...

  • *Dublin, Frankfurt emerge as early winners for post-Brexit business. DUBLIN, July 27- Ireland is confident that other foreign lenders will follow Bank of America and relocate their broker-dealer services to Dublin after Brexit, the head of the agency competing to win foreign business said. Bank of America last week became the first Wall Street lender to pick...

  • FRANKFURT/ SAN FRANCISCO/ LONDON, July 27- Buyout funds Hellman& Friedman and Vista Equity Partners have made rival bids for German business software maker TeamViewer in a deal worth more than $2 billion, sources close to the matter told Reuters. Permira, which has controlled the Goeppingen-based business since 2014, is working with investment banking...

  • *Investors detect dovishness in Fed inflation language. NEW YORK, July 27- Stocks on world markets rose to record highs on upbeat corporate earnings Thursday, while U.S. MSCI's 47- country All World share index was at a record peak, while U.S. stocks hit all-time highs as well.

  • *UK govt's chief economist Ramsden to start at BoE on Sept. 4. LONDON, July 27- The British government's top economist will move to the Bank of England to serve as one of its most senior policymakers, joining the central bank as it steers the financial system through political negotiations to leave the European Union. Ramsden's arrival comes as the BoE tries to judge...

  • EXCLUSIVE-SAUDI ARAMCO ADVISERS FAVOURING LONDON AS BEST OPTION FOR IPO- SOURCES.

  • DUBAI/ LONDON, July 27- Saudi Aramco's advisers have recommended London for the historic listing of the oil company, with U.S. disclosure rules a concern for Saudi authorities, sources familiar with the matter told Reuters. The advisers' views on the relative merits of London and New York for the listing are being considered by Aramco and a final proposal could be...

  • DUBAI/ LONDON, July 27- Saudi Aramco's advisers have recommended London for the historic listing of the oil company, with U.S. disclosure rules a concern for Saudi authorities, sources familiar with the matter told Reuters. The advisers' views on the relative merits of London and New York for the listing are being considered by Aramco and a final proposal could be...