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  • LONDON, Sept 29- A $24- billion deal to build Britain's first new nuclear power station in decades was signed behind closed doors in London on Thursday in a private ceremony that underlined Prime Minister Theresa May's cautious approach to the Franco-Chinese project. Journalists were not invited to the event but the government said the contract had been...

  • *OPEC deal boosts energy shares, drugmakers down. LONDON, Sept 29 (Reuters)- European shares ended flat on Thursday as losses among drugmakers offset energy share gains following an OPEC deal to cut output, while Commerzbank slid after the German lender froze dividend payments. Ronny Claeys, senior strategist at KBC Asset Management, said the OPEC agreement was...

  • *Oil company shares add to gains after OPEC deal. NEW YORK, Sept 29- Energy shares buoyed global stocks on Thursday as crude prices added to the previous session's gains on optimism over a plan among OPEC members to curb output. The expected agreement lifted the currencies of crude-producing countries like Norway and Canada overnight while the safe-haven...

  • *Prices up 8 pct since news of OPEC cuts; WTI at month-high. *OPEC plans to cut 700,000 bpd, glut at 1.0-1.5 million bpd. OPEC said other details of the plan will be known at its policy meeting in November, leaving unanswered when the agreement will come into effect, what new quotas for member countries will be and for what periods, and how compliance will be verified.

  • LONDON/ BRUSSELS, Sept 29- Europe's food safety watchdog will release data from some of the scientific studies it reviewed in its assessment of glyphosate, an ingredient in Monsanto's widely used herbicide Roundup and subject of a fierce row over possible cancer risk. Glyphosate, which is used in Roundup as well as other companies' weed-killers, is at the heart of...

  • *Shell, BP rise after OPEC agrees supply curbs. LONDON, Sept 29- Britain's top share index approached a 1-1/ 2 year high on Thursday, boosted by heavyweight oil companies after a decision by OPEC to curb output for the first time since 2008.. A rise in the shares of oil companies was the main driver behind the FTSE's gains, with Royal Dutch Shell jumping more than 6...

  • ROMULUS, Michigan— Volvo Car Corp. plans to sell a self-driving vehicle to consumers in five years. Volvo CEO Hakan Samuelsson says the car will have a steering wheel, but consumers can pay $10,000 extra for a full autopilot system that will let them relax while the car drives itself. They'll be tested on public roads in Sweden next year and in London and China in...

  • LONDON— Officials from China, Britain and France have attended a signing ceremony to mark the final approval for the construction of the new Hinkley Point nuclear power station in southwest England. It will be Britain's first new nuclear plant in more than two decades. British Business Secretary Greg Clark said the signing marked a crucial moment in Britain's...

  • NEW YORK, Sept 29- Oil prices rose nearly 2 percent on Thursday, extending their rally on optimism over OPEC's first output cut plan in eight years, although analysts questioned if the reduction will be enough to rebalance a heavily over-supplied market. OPEC said other details of the plan will be known at its policy meeting in November, leaving unanswered when...

  • NEW YORK, Sept 29- The U.S. dollar hit an eight-day high against the yen on Thursday on reduced appetite for the safe-haven currency a day after OPEC agreed to cut oil output, while easing concerns surrounding the European banking sector helped the euro gain. OPEC agreed on Wednesday to modest oil output cuts in the first such deal since 2008, with the group's...

  • LONDON, Sept 29- London's mayor Sadiq Khan will launch an inquiry into foreign ownership of property in the British capital which has helped push up housing costs, the Guardian newspaper cited him as saying on Thursday. London property prices rose more than 12 percent in the 12 months to July after notching up annual gains of around 20 percent in mid-2014,...

  • BERLIN, Sept 29- Germany will not help ailing lenders such as Deutsche Bank, senior lawmakers in Chancellor Angela Merkel's conservative bloc said on Thursday, as resistance grew to any possibility of staging a rescue. With Merkel meeting European Central Bank chief Mario Draghi on Thursday, Berlin has already flatly denied it is planning any repeat of the...

  • PARIS, Sept 29- Nissan wants a UK deal offering compensation for any eventual trade costs resulting from Britain's exit from the European Union before committing to more investment in its Sunderland plant, Chief Executive Carlos Ghosn said on Thursday. "If I need to make an investment in the next few months and I can't wait until the end of Brexit, then I have to make...

  • LONDON, Sept 29- London's mayor Sadiq Khan will launch an inquiry into foreign ownership of property in the British capital which has helped push up housing costs, the Guardian newspaper cited him as saying on Thursday. "It's clear we need to better understand the different roles that overseas money plays in London's housing market, the scale of what's going on,...

  • LONDON— A Cambridge University study of British and U.S. police shows a 93 percent decrease in the number of complaints made against officers when they are using body cameras— pivotal findings that suggest the simple devices could reduce conflicts between police and the public. "Everyone is recording the police except themselves," said Barak Ariel, a...

  • *Oil company shares lift global stocks after OPEC deal. LONDON, Sept 29- An agreement by OPEC members to curb output boosted oil company shares on Thursday, lifted the currencies of crude-producing countries, and drove yields on low-risk government debt higher. "Everything you're seeing today is a response to the move in crude and the possible coordination...

  • LONDON, Sept 29- Outsourcing group Capita warned on Thursday that delays in decision making by customers after Britain's vote to leave the European Union would hit its 2016 profit, wiping $2.3 billion off its shares in their worst day of trading. Britain's economy has held up better than expected since the June 23 vote but the problems at Capita show how...

  • *Commodity currencies benefit from OPEC output cut deal. LONDON, Sept 29- The dollar hit an eight-day high against the safe-haven yen on Thursday after an OPEC deal to cut oil output spurred a move into riskier assets, though questions over the efficacy of the agreement left the greenback off its earlier highs. The currencies of oil-exporting countries such as...

  • *Company struggling to recover after oil rout, Iraq conflict. LONDON, Sept 29- Tony Hayward, the former BP boss, is set to step down next year as chairman of Genel Energy, which he founded in 2011 and became the biggest oil and gas producer in Iraqi Kurdistan, three sources close to the company said. The 59- year-old, whose tenure at BP ended abruptly following the deadly...

  • *OPEC producers agree output targets for first time in 8 years. *OPEC output cut would do little to reduce oversupply- analysts. LONDON, Sept 29- Oil prices slipped on Thursday as investors questioned whether an OPEC agreement to curb production- the group's first such deal since 2008- would be enough to rebalance a heavily over-supplied market.