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  • LONDON, Aug 24- Global aluminum production fell by 1.2 percent to 33.12 million tonnes in the first seven months of this year, according to the International Aluminium Institute. Equally noteworthy are the divergent trends between dominant producer China and the rest of the world. China, meanwhile, has long been the driver of production growth to the point that...

  • LONDON, Aug 24- Global aluminium production fell by 1.2 percent to 33.12 million tonnes in the first seven months of this year, according to the International Aluminium Institute. Equally noteworthy are the divergent trends between dominant producer China and the rest of the world. China, meanwhile, has long been the driver of production growth to the point that...

  • NEW YORK, Aug 24- Wall Street stocks retreated on Wednesday led by health care and materials stocks, while oil prices tumbled about 3.0 percent on worries about oversupply. Mylan slumped 5.4- percent to $43.15 after U.S. presidential candidate Hillary Clinton joined a Senate committee in asking why the cost of its allergy treatment EpiPen had soared.

  • *Markets await Jackson Hole meeting for rates clues. NEW YORK/ LONDON, Aug 24- Gold dipped 1 percent to a four-week low on Wednesday as the dollar strengthened and markets looked ahead to a speech by Federal Reserve Chair Janet Yellen that will be closely watched for further clues on U.S. interest rate policy. U.S. gold futures for December delivery settled down 1.2...

  • *Some see volatility on OPEC jawboning of output freeze deal. Gasoline and distillate stocks also rose, the EIA said, driving down oil prices that had mostly risen in the past two weeks on speculation of an output freeze by OPEC. "I cannot continue to stress that at this time of year we are supposed to be getting draws," Tariq Zahir, oil trader at Tyche Capital Advisors in...

  • TRENTON, N.J.— Drugmaker Pfizer Inc. is continuing its shopping spree with its fourth acquisition since the April collapse of its planned $160 billion megadeal to buy rival Allergan PLC and move its headquarters, on paper, to Allergan's base in lower-tax Ireland. In its second deal this week, New York- based Pfizer said it's buying rights to Anglo-Swedish...

  • LONDON— Pharmaceutical company AstraZeneca plans to sell its antibiotic pills business to Pfizer in a deal that will be valued in excess of $1.5 billion when rights, royalties and other payments are included. Under the deal, AstraZeneca will sell the commercialization and development rights in most markets globally outside the United States.

  • *Some see volatility on OPEC jawboning of output freeze deal. Gasoline and distillate stocks also rose, the EIA said, driving down oil prices that had mostly risen in the past two weeks on speculation of an output freeze by major producers led by OPEC. "I cannot continue to stress that at this time of year we are supposed to be getting draws," Tariq Zahir, oil trader at...

  • Emerging market stocks retreated 1 percent, led by political risk-driven losses in South Africa and Turkey, while broader sentiment was dented by a revival of U.S. rate rise expectations. On a light day for data, investors' nerves may have been soothed by signs that the anticipated economic seizure in Britain- and beyond- from the shock vote in June to leave the...

  • BERLIN, Aug 24- Britain's vote to leave the European Union has spurred a surge in the number of financial service industry workers now based in the UK applying to work in Berlin's burgeoning fintech scene, several of the city's start-ups told Reuters. Employers say it is easier to lure bankers to Berlin than to get techies to move to Frankfurt, with potential...

  • LONDON, Aug 24- Copper prices fell to two-month lows on Wednesday as rising inventories in Asian warehouses fueled fears about weaker demand ahead in top consumer China. Stocks of copper in LME-approved warehouses have risen by a quarter, more than 50,000 tonnes, since Aug. 11 to 254,700 tonnes, with much of the build occurring in South Korea and Singapore.

  • *Some see volatility on OPEC jawboning of output freeze deal. Gasoline and distillate stocks also rose, the EIA said, driving down oil prices that had mostly risen in the past two weeks on speculation of an output freeze by major producers led by OPEC. "I cannot continue to stress that at this time of year that we are supposed to be getting draws," said Tariq Zahir, who...

  • NEW YORK, Aug 24- Oil prices extended their losses on Wednesday, with U.S. crude futures falling more than 2 percent, after an unexpected large build in U.S. crude stockpiles renewed worries about oversupply in the market. West Texas Intermediate futures were down $1.35, or 2.8 percent, at $46.75 a barrel by 10:47 a.m. EDT. "The report is bearish, especially relative...

  • NEW YORK, Aug 24- The dollar rose on Wednesday in thin trading, helped by data the previous day showing a surge in U.S. new home sales, although gains were capped by uncertainty ahead of a meeting of central bankers on Friday. Policymakers from across the globe will gather at the U.S. mountain resort of Jackson Hole at the end of the week, where the focus lies squarely on a...

  • NEW YORK, Aug 24- Oil prices fell on Wednesday, with U.S. crude futures losing more than 1 percent, on data pointing to a potential build in domestic crude stockpiles that offset market bulls' speculation of an OPEC output freeze. "Markets are tough here overall as there is no significant macro story, and the bears are still talking about inventories," said Scott...

  • LONDON— The developer of the world's largest aircraft says the blimp-shaped airship sustained damage after it made a bumpy landing Wednesday on its second test flight in eastern England. Hybrid Air Vehicles said it is trying to figure out what caused the rough landing of the 302- foot Airlander 10 during its 100 minute flight Wednesday in Bedfordshire, north...

  • LONDON, Aug 24- Global aluminum production fell by 1.2 percent to 33.12 million tonnes in the first seven months of this year, according to the International Aluminium Institute. Equally noteworthy are the divergent trends between dominant producer China and the rest of the world. China, meanwhile, has long been the driver of production growth to the point that...

  • LONDON, Aug 24- Global aluminium production fell by 1.2 percent to 33.12 million tonnes in the first seven months of this year, according to the International Aluminium Institute. Equally noteworthy are the divergent trends between dominant producer China and the rest of the world. China, meanwhile, has long been the driver of production growth to the point that...

  • LONDON, Aug 24- Copper prices fell to eight-week lows on Wednesday as rising inventories in Asian warehouses fueled fears about weaker demand to come in top consumer China. "The huge inventory rise in Asian warehouses suggests China is exporting its surplus and we've some pretty strong copper export numbers," said Societe Generale analyst Robin Bhar.

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    U.K.-domiciled investment funds hemorrhaged £4.7 billion in July, the biggest monthly net outflow for at least three years.