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  • *Mindful of craft beer growth, Diageo and Pernod respond. LONDON, Sept 4- Small, independent distillers are popping up and taking market share but liquor giants like Diageo and Pernod Ricard say barriers to entry and the range of spirits already available will limit their impact. "The U.S. spirits market faces a growing threat of substitution," analysts at Credit...

  • NEW YORK, Sept 4- Crude futures fell alongside stocks on Wall Street on Friday as the oil market awaited a weekly reading on the U.S. oil rig count, after jobs data from the world's No. 1 economy failed to provide much direction. "There's a sell off in both energy and equity futures," noted David Thompson, executive vice-president at Powerhouse, an energy-specialized...

  • NEW YORK— U.S. stocks extended their steep losses Friday after a mixed U.S. jobs report left investors uncertain about the outlook for the Federal Reserve's interest rate policy. While the steady hiring could encourage the Fed to raise interest rates for the first time in almost a decade later this month, some economists think that a sharp economic slowdown in...

  • *Indonesia exports no tin in August. LONDON, Sept 4- Copper and other industrial metals slumped on Friday on caution over the prospects of an increase to U.S. interest rates and the reopening of the hard-hit Chinese stock market next week. "The market's getting a bit uneasy about the fact that there's already been a lot of stimulus but the Chinese economy is...

  • LONDON, Sept 4- World shares slid towards their fourth weekly loss in the last five on Friday, as a boost from a supportive-sounding European Central Bank gave way to caution ahead of closely watched U.S. jobs data. Rumbling concerns about China had consigned Asian shares to a seventh straight weekly loss and Europe's markets started 1.3 to 1.6 percent in the red...

  • *Barclays cuts 2016 Brent forecast by $5 to $63. The European Central Bank said on Thursday that economic troubles in China and emerging markets could drag the 19- member euro zone into deflation in the coming months. "There is still a supply-demand imbalance and on top of that is the overhang in the market," said Abhishek Deshpande, oil analyst at Natixis in London.

  • *AstraZeneca targeting Brilinta sales of $3.5 bln by 2023. Sept 4- U.S. regulators have approved a new dose of AstraZeneca's blood thinner Brilinta for longer-term use in patients with a history of heart attacks, boosting prospects for a drug the company thinks will eventually sell $3.5 billion a year. The FDA approved Brilinta at a new 60 milligram dose to be...

  • *Some people see parallels with Greece. LONDON, Sept 3- Bondholders cheering Ukraine's debt swap face the risk that Kiev will return to the bargaining table within a few years, following the path Greece trod after its 2012 restructuring. Ukraine's sovereign bonds have rallied 40 percent to trade up to 75 cents per dollar of face value following the Aug. 27...

  • SEOUL, South Korea— Global stock markets were lower Friday with Tokyo's index down 2 percent as jitters mounted before the release of the monthly U.S. jobs report and the resumption next week of trading on Chinese stock markets. Britain's FTSE 100 dropped 1.7 percent to 6,097.27 and France's CAC 40 sank 1.7 percent to 4,573.23. Germany's DAX fell 1.7 percent to...

  • Those who remain bullish on China's long-run economic prospects have switched more of their focus to the Hong Kong market because valuations are lower, it is better regulated, and less prone to the whims of officials in Beijing than the mainland markets in Shanghai and Shenzhen. Those include betting against the currencies of Asian trading partners, and...

  • MISSOULA, United States- Federal Reserve Bank of Minneapolis President Narayana Kocherlakota speaks before a Town Hall open forum- 0100 GMT. LONDON- Swedish Riksbank Deputy Governor Cecilia Skingsley speaks at Deutsche Bank's headquarter in London on the Swedish central bank's latest report- 0930 GMT. ANKARA- German Finance Minister Wolfgang Schaeuble and...

  • WASHINGTON, Sept 3- London day trader Navinder Sarao has been formally indicted by a U.S. federal grand jury on charges of market manipulation that prosecutors say helped contribute to the 2010 "flash crash," according to a Sept. 2 court filing made public on Thursday. The Justice Department first announced criminal charges against Sarao in April and is seeking to...

  • NEW YORK, Sept 3- The euro fell 1 percent on Thursday on a darkening euro zone outlook, while U.S. stocks pared sharp early gains to end barely higher as investors grew cautious ahead of Friday's August jobs report. Global stock markets rallied earlier in the session following a pledge from European Central Bank President Mario Draghi to beef up or prolong the...

  • NEW YORK, Sept 3- The euro fell 1 percent on Thursday on a darkening euro zone outlook, while U.S. stocks pared sharp early gains as investors grew cautious ahead of Friday's key jobs report. Stocks rallied earlier following European Central Bank President Mario Draghi's pledge to beef up or prolong the bank's economic stimulus if necessary.

  • *Brent up 18 cents after wild ride; U.S. crude rises 50 cents. NEW YORK, Sept 3- Oil prices inched higher on Thursday in see-saw trade, tracking gains in Wall Street equities for a second straight day despite a weekly build in U.S. crude inventories that weighed on the outlook for oil. "Early strength and a late fade," Donald Morton, an oil trader with Fairfield, Connecticut-...

  • Despite data on Wednesday showing a huge build in U.S. crude inventories, oil rallied early in New York trade as investors regained their appetite for risk due to a respite in bad news out of China and the potential for more European monetary easing. "Early strength and now a late fade," Donald Morton, an oil trader with Fairfield, Connecticut- based Herbert J. Sims& Co.,...

  • ZURICH, Sept 3- A ship built by the CIA for a secret Cold War mission in 1974 to raise a sunken Soviet sub is heading to the scrap yard, a victim of the slide in oil prices. Christened the Hughes Glomar Explorer, after billionaire Howard Hughes was brought in on the CIA's deception, the 619- foot vessel eventually became part of the fleet of ships used by Swiss company...

  • JPMorgan's Global All-Industry Output Index, produced with private data vendor Markit, held steady at July's 53.7 last month and has been above the 50 mark that divides growth from contraction since October 2012. Markit's global service sector purchasing managers index rose to 54.4 in August from 54.1 in July, though on Tuesday the world manufacturing PMI...

  • *Some people see parallels with Greece. LONDON, Sept 3- Bondholders cheering Ukraine's debt swap face the risk that Kiev will return to the bargaining table within a few years, following the path Greece trod after its 2012 restructuring. Ukraine's sovereign bonds have rallied 40 percent to trade up to 75 cents per dollar of face value following the Aug. 27...

  • *MSCI global stocks index climbs. NEW YORK, Sept 3- The euro fell 1 percent on Thursday on a darkening euro zone outlook, while global stock markets rallied as the European Central Bank chief pledged to beef up or prolong the bank's economic stimulus if necessary. ECB President Mario Draghi's comments on the bank's bond-buying program came as the bank cut its...