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  • Global crude oil benchmark Brent was down 15 cents at $48.90 a barrel by 1043 GMT, having closed down 1.8 percent on Wednesday. Members of the Organization of the Petroleum Exporting Countries will meet on the sidelines of the International Energy Forum, which groups producers and consumers, in Algeria on Sept. 26-28. But hopes of a deal have been dampened by...

  • PARIS— Sonia Rykiel, a French designer dubbed the "queen of knitwear" whose relaxed sweaters in berry-colored stripes and eye-popping motifs helped liberate women from stuffy suits, has died. His office didn't provide further details, and the Sonia Rykiel fashion house in Paris wouldn't comment. She became a fixture of Paris' fashion scene starting in 1968 when...

  • *China property stocks down 2 pct; selling pressure in financials. Japanese and Chinese stocks had suffered modest drops in Asia and the pace picked up in Europe as London's FTSE sank 0.8 percent and Frankfurt and Paris lost 1.2 percent. "The recapitalisation of CGD is likely to have implications for Portugal's budget, but all in all it is positive," said DZ Bank...

  • BERLIN, Aug 25- German business morale deteriorated sharply in August posting the steepest monthly drop since the height of the euro zone debt crisis in 2012, a survey showed on Thursday, in a sign that Brexit has weighed more heavily on sentiment among executives. The Munich- based Ifo economic institute said its business climate index, based on a monthly survey...

  • BRUSSELS— The European Union's campaign to crack down on tax avoidance by multinationals has drawn unusually public criticism from the U.S., which says it is unfairly targeting American companies. That helps multinationals often pay very little tax, a revelation that has fueled popular anger in Europe, where cash-strapped governments had been raising taxes...

  • Global crude oil benchmark Brent was down 15 cents at $48.90 a barrel by 0830 GMT, having closed down 1.8 percent on Wednesday. Members of the Organization of the Petroleum Exporting Countries will meet on the sidelines of the International Energy Forum, which groups producers and consumers, in Algeria on Sept. 26-28. But hopes of a deal have been dampened by...

  • BERLIN— Business confidence in Germany, Europe's biggest economy, has dropped unexpectedly as managers' assessment of both their current and future situations darkened following Britain's decision to leave the European Union, a survey showed Thursday. It follows a much smaller decline in July immediately following Britain's vote to leave the EU.

  • BERLIN, Aug 25- German business morale deteriorated in August, a survey showed on Thursday, suggesting company executives in Europe's largest economy have become less optimistic since Britain's decision to leave the European Union. The Munich- based Ifo economic institute said its business climate index, based on a monthly survey of some 7,000 firms, fell to...

  • LONDON, Aug 25- Portugal's borrowing costs pulled away from recent one-month highs on Thursday after an agreement on the recapitalisation of ailing state-owned bank CGD eased worries about the health of the country's banking sector. The news bought some relief to Portuguese bond yields, which last week suffered the biggest weekly jump in almost four months...

  • AMATRICE, Italy— Rescue crews using bulldozers and their bare hands raced to dig out survivors Thursday from a strong earthquake that reduced three central Italian towns to rubble. The magnitude 6.2 quake struck at 3:36 a.m. on Wednesday and was felt across a broad swath of central Italy, including Rome, where residents woke to a long swaying followed by...

  • JACKSON HOLE, WYOMING, United States- Bank of England's Deputy Governor for Markets and Banking Nemat Shafik to participate in a panel discussion titled "Adapting to Changes in the Financial Market Landscape"- 1450 GMT. FRIDAY, AUGUST 26 JACKSON HOLE, WYOMING, United States- Federal Reserve Chair Janet Yellen speaks on "The Federal Reserve's Monetary Policy...

  • Midwest Crop Tour scouted impressive crops in central Illinois, following its observation a day earlier of above-average soybean pod counts in Nebraska and Indiana. U.S. soybeans benefit from strong demand, due to production shortfalls in South America, "but we're still going to have a big crop," said Bill Gary, president of Commodity Information Systems in...

  • 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...

  • The annual four-day Pro Farmer Midwest Crop Tour late on Tuesday reported above-average soybean pod counts in Nebraska and Indiana. U.S. soybeans benefit from strong demand, due to production shortfalls in South America, "but we're still going to have a big crop," said Bill Gary, president of Commodity Information Systems in Oklahoma City. Most-active November...

  • *Europe's biggest economy grew 0.4 pct q/q in Q2. BERLIN, Aug 24- Solid economic growth generated a record budget surplus for Germany in the first half of this year, stoking a debate within government about whether the country should use its spare revenue to cut taxes or increase spending. But the International Monetary Fund and other euro zone governments have...

  • *French firm in talks with Australia for $38 bln submarine deal. SYDNEY/ PARIS, Aug 24- French naval contractor DCNS said on Wednesday it may have been the victim of "economic warfare" after secrets about its Scorpene submarines being built in India were leaked. India opened an investigation after The Australian newspaper published documents relating to the...

  • *Wheat down after higher crop estimates in Canada, Ukraine. PARIS/ SYDNEY, Aug 24- U.S. corn and wheat fell to one-week lows on Wednesday as ample global supplies continued to pressure markets, although mixed findings from a widely watched U.S. crop tour curbed corn's losses. The most active corn futures on the Chicago Board of Trade fell 0.6 percent to $3.35-1/ 4 by...

  • LONDON, Aug 24- German rating firm Scope says it is in talks to become one of the European Central Bank's recognised sovereign credit agencies, though tough requirements mean the process could take at least three years. Scope would become the first agency based in continental Europe to rate assets included in the ECB's purchase programme, and its acceptance...

  • SEOUL, Aug 24- Audi is recalling 1,534 A8 cars in South Korea due to a stalling problem, the transport ministry said on Wednesday, adding it was the first country where the German carmaker was recalling the model for such a defect. The Volkswagen division will expand the recall to the United States and other countries, South Korea said, in what would be a further blow...

  • ATHENS, Greece— The European Union's executive commission on Wednesday publicly defended Greece's former statistics chief, who is facing trial over accusations he exaggerated the government's 2009 deficit, which led to years of bailouts and economic misery. Former director Andreas Georgiou headed the reorganization of the Greek statistics agency from...