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  • *Only Fitch holds investment grade rating on Turkey. *Some see opportunity given Turkey fundamentals. ISTANBUL/ ANKARA, Sept 26- On the first trading day after Moody's downgraded Turkey's sovereign rating to "junk," the reaction in Istanbul and Ankara was swift and predictable-- stocks and the lira took a beating and policymakers accused the agency of playing...

  • PARIS, Sept 26- Britain appears to be heading for a "hard Brexit" under which links to the European Union would be reduced to little more than trade agreements, Scotland's external affairs minister Fiona Hyslop said on Monday, citing "mood music" from recent talks. The talks are part of efforts to establish a common United Kingdom position for divorce discussions...

  • LONDON, Sept 26 (Reuters)- Britain's top share index fell on Monday and made its worst one-day performance in three months, with Lloyds pushing banks lower after a downgrade by Goldman Sachs and miners tracking weaker metals prices. The FTSE 100 index ended down 1.3 percent, its worst one-day percentage decline since late June when Britain voted to leave the...

  • LIVERPOOL, England, Sept 26- Britain's opposition Labour Party clashed with business groups on Monday after setting out a left-wing economic agenda aimed at boosting their chances of winning power by re-engaging with working class voters who backed leaving the European Union. Finance spokesman John McDonnell, a veteran socialist, said Labour would raise...

  • *Iran downplays chance of output freeze, some in OPEC hopeful. Key OPEC member Iran, the fourth largest crude exporter which is still trying to recapture output before Western sanctions in 2012, downplayed the chances of a deal while some OPEC members remained hopeful. Implied volatility, a gauge of how much oil prices move, was at its highest since April 18, when...

  • *Oil prices climb on hopes of OPEC production freeze. NEW YORK, Sept 26- Stock prices around the world declined on Monday ahead of the first U.S. presidential debate between Hillary Clinton and Donald Trump, while oil prices rose in advance of an informal OPEC meeting in Algeria on hopes for an output cut. The debates might increase the lead of one over the other and...

  • *Rogers hired to change mindset of LVMH managers. PARIS, Sept 26- When LVMH hired former Apple music executive Ian Rogers to craft a digital strategy, investors may have hoped for some quick results. Changing mentalities and priorities at LVMH takes time, according to sources close to the 78 billion euro group controlled by France's richest man, Bernard Arnault.

  • A London townhouse on Mayfair’s Park Lane is up for rent for $5,172 per week and looks set to go to a super-rich student from the Middle East.

  • Sept 26- Baltic Exchange on Monday named Mark Jackson, a former Chairman and Director, to replace Chief Executive Officer Jeremy Penn. Baltic Exchange shareholders earlier approved an 87 million pound takeover by Singapore Exchange for one of London's oldest institutions, in a deal that will give SGX access to the multi-billion-dollar freight derivatives...

  • LONDON, Sept 26- London's role as the world's top financial center could be under threat as the implications of Britain leaving the European Union start to sink in, a survey showed on Monday. The Z/Yen 20th global financial centers index, which looks at 87 financial centers, showed that London remains just ahead of New York, followed by Singapore and Hong Kong.

  • LONDON, Sept 26- London's role as the world's top financial centre could be under threat as the implications of Britain leaving the European Union start to sink in, a survey showed on Monday. The Z/Yen 20th global financial centres index, which looks at 87 financial centres, showed that London remains just ahead of New York, followed by Singapore and Hong Kong.

  • *Russia, OPEC meet in Algeria on Tuesday-Wednesday. *OPEC/ non- OPEC graphic: http://tmsnrt.rs/2ctYZNY. MOSCOW, Sept 26- As Russian energy minister Alexander Novak flies to Algeria this week for talks with OPEC on output cuts, developments at home indicate non-OPEC Russia is not preparing for any coordinated production action.

  • Sept 26- An experimental cannabis-derived drug has successfully treated children with severe epilepsy in a third late-stage clinical trial, sending shares in Britain's GW Pharmaceuticals to a record high on Monday. GW, which was founded in 1998 to capitalize on the medical benefits of cannabis, said it now expected to submit a marketing application for...

  • LONDON, Sept 26- Indonesia shocked the nickel market at the start of 2014 when it made good on a commitment to ban all exports of unprocessed minerals. With the stroke of a presidential pen the flow of nickel ore to China's nickel pig iron producers was halted. Now it is the turn of the Philippines to roil the nickel market.

  • Labour to take hard line on tax avoidance: Lawmaker

    British shadow chancellor John McDonnell tells CNBC that the Labour party will employ a "proper legislative base" to prevent tax avoidance.

  • PARIS, Sept 26- Britain appears to be heading for a' hard Brexit' under which its relationship with the European Union is reduced to little more than trade agreements, Scotland's external affairs minister Fiona Hyslop said on Monday. Scotland recently appointed its own representative, Michael Russell, to take part in talks with Brexit minister David Davis to...

  • Alipay, whose platform offers services ranging from bill payment to money transfers, is making rapid inroads in more developed markets such as the United States and South Korea, and can now be used in upscale department stores such as Harrods in London, Douglas Feagin, senior vice president of global business at Ant Financial Services Group, told Reuters in an...

  • *Says on track for 1,000 UK stores by 2022. *To spend 300 mln stg refreshing UK stores. LONDON, Sept 26- Management at British discount supermarket Aldi's German parent will not re-think their investment plans for the UK despite falling profits and the UK's decision to quit the European Union, Aldi UK boss Matthew Barnes said on Monday.

  • *Oil prices rebound on OPEC meeting hopes. LONDON, Sept 26- European and Asian shares retreated on Monday with investors focused on how Donald Trump would fare in a U.S. presidential debate against Hillary Clinton, while oil prices firmed before an informal OPEC meeting. Wall Street looked set to open lower, according to index futures, before the first of three...

  • LONDON, Sept 26- The yen was holding strong on Monday in the face of another volley of promises from the Bank of Japan to do everything necessary to get inflation back on the rise, including cutting interest rates further into negative territory. "The temptation is to say that the dollar should continue to weaken this week," said Sam Lynton-Brown, a currency...