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  • 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...

  • UPDATE 1-EU regulators clear Shell's takeover of BG Group Wednesday, 2 Sep 2015 | 10:46 AM ET

    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...

  • Traders in lock-step keep up pressure after sell-off Wednesday, 2 Sep 2015 | 10:33 AM ET

    *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...

  • European shares gain, China moves and U.S. data help Wednesday, 2 Sep 2015 | 10:23 AM ET

    *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...

  • News Corp confirms return of Rebekah Brooks in top role Wednesday, 2 Sep 2015 | 10:20 AM ET

    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...

  • European shares recover from rough ride Wednesday, 2 Sep 2015 | 3:58 AM ET

    *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...

  • UPDATE 1-Britain's ASOS founder steps down as CEO Wednesday, 2 Sep 2015 | 2:38 AM ET

    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.

  • US markets open solidly higher a day after big plunge Wednesday, 2 Sep 2015 | 2:04 AM ET

    KEEPING SCORE: In Europe, the FTSE 100 index of leading British shares was up 0.1 percent at 6,062 while Germany's DAX rose 0.2 percent to 10,038. France's CAC-40 was 0.2 percent higher at 4,552. Wall Street was poised for a solid opening with Dow futures and the broader S&P 500 futures up 0.5 percent. CHINA TRADING: The Shanghai market remained the focus across...

  • China oil market reform paves way for new crude benchmark Wednesday, 2 Sep 2015 | 12:50 AM ET

    *Oil market reforms will squeeze China's state oil giants. SINGAPORE, Sept 2- China may launch a global crude oil futures contract as early as October to compete with the existing London Brent and the U.S. The long-awaited crude contract would better reflect China's growing importance in setting crude prices, as well as boost the use of the yuan in which it will be...

  • DIARY- Top Economic Events to Sept 14 Tuesday, 1 Sep 2015 | 8:01 PM ET

    STOCKHOLM- Swedish Central Bank holds monetary policy meeting. Speakers:- International Monetary Fund Managing Director Christine Lagarde, Reserve Bank of India Deputy Governor Urjit Patel, Bank of Japan Deputy Governor Hiroshi Nakaso, Indonesia Finance Minister Bambang Brodjonegoro and IMF Monetary and Capital Markets Department Division Chief Ulric...

  • CEOs big news can cause ripple effects for company Tuesday, 1 Sep 2015 | 6:20 PM ET

    NEW YORK— Yahoo CEO Marissa Mayer is promising to be away from the job for just a "limited time" when she gives birth to twins later this year, but the development only adds to the uncertainty some investors have long had about Yahoo. Mayer, 40, said Tuesday she and her husband are expecting twin girls in December and she said she plans to work through the pregnancy much...

  • *China manufacturing contracts at fastest in 3 years- PMI. "It was primarily the China fear factor," Carsten Fritsch at Commerzbank in Frankfurt told the Reuters Global Oil Forum. And an OPEC magazine commentary that some traders interpreted on Monday as signaling a possible subtle policy shift was nothing of the sort, OPEC insiders said.