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  • SAN FRANCISCO— Google is introducing an application that will connect Android smartwatches with Apple's iPhone, escalating the rivals' battle to strap their technology on people's wrists. Google expects the prices of Android watches compatible with the iPhone to range from $100 to $400. Apple, which has a long history of demanding premium prices for its...

  • Aug 31- The Zohr natural gas field discovered off Egypt by Italy's Eni is the largest found in the Mediterranean and at a potential 30 trillion cubic feet of gas is almost twice as large as the Leviathan field off Israel. The find could compete with gas projects in Israel and Cyprus. Globally, however, Egypt is outside the top 10 countries in total gas reserves, with...

  • Aug 31- Investment firm Pleasant Lake Partners LLC offered to buy analog chipmaker MagnaChip Semiconductor Corp in a deal valuing the South Korea- based company at about $346 million. The company engaged Barclays as its financial adviser for the process. MagnaChip's total revenue fell 5.8 percent to $162 million in the second quarter ended June 30, from a year...

  • *Soybeans pressured by concerns about Chinese economy. CHICAGO, Aug 31- Chicago Board of Trade wheat futures fell for the fifth straight day on Monday, hitting their lowest in nearly four months on low demand for U.S. supplies on the export market, traders said. "Grain futures are steady to lower this morning, with another downturn in Chinese stock prices weighing on...

  • JERUSALEM/ CAIRO, Aug 31- Egypt's historic gas discovery threatens to sink Israel's fledgling gas export bonanza, which was counting on deals with Cairo to get it off the ground. "It's a bit early to assess the quality of the data and their significance, but if they are accurate, the discovery off Egypt's coast is bad news for the Israeli economy and the companies...

  • Clinton, in an op-ed published by the Huffington Post, was critical of the "so-called revolving door" between government and Wall Street firms in particular, saying it erodes public trust "if a public servant's past and future are tied to the financial industry." "That's when people start worrying that the foxes are guarding the hen house," Clinton, the front-runner...

  • HARARE, Aug 31- Africa's richest man, Nigeria's Aliko Dangote, said on Monday he plans to open a $400 million cement plant in Zimbabwe, a major boost for the southern African country that is desperate for foreign investment. "We've already decided to invest into Zimbabwe, that's why we are here. He held meetings with Zimbabwe's President Robert Mugabe and Vice...

  • Aug 31- U.S. stocks were poised for their worst monthly drop in more than three years on worries about the health of China's economy and the timing of a U.S. interest rate hike. All three major indexes slipped more than 1 percent on Monday after weekend comments from Federal Reserve Vice Chairman Stanley Fischer appeared to keep the door open for a rate hike in...

  • *Weakness in India's services sector drags growth. While doubts still persist over India's new way of calculating GDP, even though the method gained an endorsement from the World Bank's chief economist, there is no denying the fact that the economy is still struggling to gather steam. "There's a lot of emphasis that's being put on the opportunities that lie ahead...

  • NEW YORK— Stocks moved lower in mid-morning trading Monday as oil prices fell and investors reacted to signs that the Federal Reserve was still on pace to raise interest rates in September. It sets up another volatile week on Wall Street, which has been battered this month. FED PLANS: Fed Vice Chairman Stanley Fischer said over the weekend that policymakers still...

  • BEIJING, Aug 31- Chinese finance regulators encouraged listed firms on Monday to merge, offer cash dividends and repurchase shares to support volatile stock markets, a joint statement from four government agencies on the market regulator's website showed. The statement came from the markets regulator, the China Securities Regulatory Commission, together...

  • *China concerns fuel safe-haven bids. NEW YORK, Aug 31- U.S. safe-haven Treasuries prices rose on Monday on continued concerns over China and emerging market economies, while month-end buying gave longer-dated Treasuries prices a greater boost. "The concerns about instability in the emerging markets, specifically China, will maintain that flight-to-quality...

  • *China aims to be seen to be cracking down after market turmoila. An official from China's securities regulator, and four senior executives from China's largest brokerage, CITIC Securities, confessed to insider dealing, the official Xinhua news agency reported. China is trying to restore value to its stock markets, where shares have lost around 40 percent since...

  • *China worries, Fed outlook spook investors. NEW YORK, Aug 31- World stock indexes fell while oil prices dropped on Monday amid persistent investor concerns about slowing growth in China and the prospect of higher U.S. interest rates. Fed Vice Chairman Stanley Fischer said in a speech at the annual Jackson Hole, Wyoming, central bankers' symposium that U.S....

  • *Israeli energy stocks plunge on Egypt find. MILAN, Aug 31- Eni's "supergiant" gas find off the coast of Egypt bolsters its top-flight exploration credentials and gives the Italian energy group access to easy reserves that fit its strategy of seeking growth without sacrificing dividends. It is looking to reduce its stake in its Mozambique gas discovery and does...

  • LONDON, Aug 31- German bond yields held firm in holiday-thinned trading on Monday, failing to take much impetus from better-than-expected euro zone inflation data or efforts by policymakers to play down the impact of China's slowing economy. Other speakers at a central bankers' conference in Jackson Hole, Wyoming,-- including the Bank of England's Mark Carney...

  • NEW YORK, Aug 31- Argentina's central bank on Monday won the reversal of a U.S. court ruling that had allowed bondholders to try to hold it responsible for the country's obligations on debt that has been in default since 2002.. The 2nd U.S. Circuit Court of Appeals in New York overturned a 2013 ruling denying a bid by Banco Central de la República Argentina to...

  • BERLIN— German Chancellor Angela Merkel is making clear she expects Greece to continue complying with its obligations to creditors after upcoming elections, and says she doesn't see any possibility of reducing interest rates on its bailout loans. Greece is holding elections Sept. 20 after Alexis Tsipras stepped down as prime minister, seeking a stronger...