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  • Surging arrivals at LME sheds in Singapore and South Korea have broadly corresponded to export flows out of China. And in part this is no more than a continuation of the stocks rebalancing that has been playing out for several months, a refilling of a depleted LME system from high inventories in China that accumulated earlier this year. If no-one is being forced...

  • BERLIN, Aug 26- Germany's domestic economy is set fair for further growth, with robust household and government spending propelling a self-reinforcing cycle of activity, though Britain's Brexit vote has unnerved German companies trading abroad. Data and surveys released this week showed domestic demand cementing its role as the main driver of Europe's...

  • *MSCI All-Country World index hits lowest since Aug. 9. LONDON, Aug 26- Global shares slipped to a two-week low and the dollar edged down on Friday as investors turned cautious before a keynote speech by Federal Reserve Chair Janet Yellen that could map out a clearer path for U.S. interest rates. The MSCI All-Country World index was down 0.1 percent by 1041 GMT, after...

  • BRUSSELS— The world's largest brewer, AB Inbev, expects to cut about 3 percent of its total workforce— equivalent to thousands of jobs— once it completes its huge takeover of its closest rival, SABMiller. The company headquartered in Leuven, Belgium, has about 150,000 workers while the London- based SABMiller claims to have around 70,000.. It expects losses at...

  • *Inner Mongolia to shutter about 2.9 mln T of steel capacity. LONDON, Aug 26- Zinc hit its highest levels in 15 months on Friday as bearish speculators scrambled to close out positions, though some investors doubted that the hefty gains were entirely justified. LME zinc rallied to its highest since May 2015 at $2,327.50 a tonne before retreating to $2,321 by 1000...

  • LONDON, Aug 26- European equities edged lower on Friday, with investors focusing on a speech by Federal Reserve Chair Janet Yellen later in the session for hints about the timing of a U.S. interest rate hike. The pan-European STOXX 600 was down 0.2 percent by 0828 GMT, extending the previous session's losses, while Britain's FTSE 100 index fell 0.1 percent.

  • *MSCI All-Country World index hits lowest since Aug. 9. LONDON, Aug 26- The dollar edged down and global shares slipped to a two-week low on Friday as investors turned cautious before a keynote speech by Federal Reserve Chair Janet Yellen that could map out a clearer path for U.S. interest rates. The MSCI All-Country World index was down 0.1 percent by 0817 GMT, after...

  • UK more momentum than expected pre-Brexit: Pro

    "Good news" coming out of the U.K. economy despite the Brexit clouds - though the risk of recession still remains - says David Owen, chief European economist at Jefferies.

  • DUBAI, Aug 26- OPEC Secretary-General Mohammed Barkindo sees a growing understanding inside and outside the oil producers' group that action is needed to manage crude production in order to support prices, he said in remarks published in London- based newspaper Al-Hayat. He told the newspaper: "There is growing realisation within OPEC and outside that...

  • DUBAI, Aug 26- OPEC Secretary-General Mohammed Barkindo sees a growing understanding inside and outside the oil producers' group that action is needed to manage crude production in order to support prices, he said in remarks published in London- based newspaper Al-Hayat. He told the newspaper: "There is growing realization within OPEC and outside that...

  • LONDON, Aug 25- Europe's biggest stock exchange Bats Europe could open a base outside London following Brexit, its head told Reuters, voicing doubts about whether the City of London would secure sufficient access to the European market. Bats Europe accounts for about 24 percent of daily trading in European shares and a shift of UK operations of one of the...

  • SINGAPORE/ TOKYO, Aug 26- Asian stocks were largely steady on Friday, with modest losses in some markets and gains in others reflecting nervousness before a keenly anticipated speech by U.S. Federal Reserve Chair Janet Yellen. European markets are also heading for a flat start, with financial spreadbetter CMC Markets expecting Britain's FTSE 100 and Germany's...

  • U.K. banking giant Barclays is on track to close several deals in coming weeks designed to lighten its balance sheet, the Wall Street Journal reported on Thursday.

  • Instead, he reported it to Citizen Lab, an internet watchdog, setting off a chain reaction that in two weeks exposed a secretive Israeli cyberespionage firm, defanged a powerful new piece of eavesdropping software and gave millions of iPhone users across the world an extra boost to their digital security. "It feels really good," Mansoor said in an interview from...

  • MELBOURNE, Aug 26- London zinc rallied to its highest in 15 months on Friday as fresh shutdowns in China's steel sector added to mine supply concerns to ignite a short-covering rally. China plans to cut steel production by 2.91 million tonnes this year in inner Mongolia, an industry group reported on its website on Friday. As China steel mills shutter, steel prices...

  • *U.S. Navy fired warnings shots after approach by Iran craft. NEW YORK, Aug 25- Oil prices rose 1 percent on Thursday on U.S.- Iran military tensions in the Gulf and speculation the dollar will fall on a monetary policy speech due from the U.S. The market, however, gave back some gains after an interview by Saudi Arabia's energy minister with Reuters raised fresh...

  • *Healthcare pulls Wall Street slightly lower. NEW YORK, Aug 25- Most investors refrained from making big bets on Thursday ahead of the start of a central bankers' meeting in the mountains of Wyoming that could clarify the path of U.S. interest rate policy. Federal Reserve Chair Janet Yellen will deliver the keynote speech on Friday, but she may struggle to convince...

  • *U.S. Navy fired warnings shots after approach by Iran craft. NEW YORK, Aug 25- Oil prices rose 1 percent on Friday on U.S.- Iran military tensions in the Gulf and speculation the dollar will fall on a monetary policy speech due from the U.S. The market, however, gave back some gains after an interview by Saudi Arabia's energy minister with Reuters raised fresh doubts...

  • *Healthcare pulls Wall Street slightly lower. NEW YORK, Aug 25- The start of a central bankers' meeting in the mountains of Wyoming, which could clarify the path of U.S. interest rate policy, kept most investors from making big bets on Thursday. Federal Reserve Chair Janet Yellen will deliver the keynote speech on Friday, when she may struggle to convince financial...

  • NEW YORK/ LONDON, Aug 25- Gold hit four-week lows on Thursday, under pressure from upbeat U.S. data in the run-up to a speech by Federal Reserve Chair Janet Yellen this week that will be watched for clues on monetary policy. Spot gold was down 0.1 percent at $1,322.26 an ounce December delivery settled down 0.4 percent at $1,324.60. Yellen may signal a firm commitment...