Wires

  • LONDON, Aug 26- Oil fell on Friday and was set for its largest weekly decline in a month after the Saudi energy minister watered down expectations that the world's largest producers might agree next month to limit their output. Brent crude oil futures were down 32 cents at $49.35 per barrel by 1144 GMT, while U.S. Members of the Organization of the Petroleum...

  • *Music industry says YouTube does not pay artists enough. BRUSSELS, Aug 25- Websites such as Google's YouTube, DailyMotion and Pinterest could be required by the European Union to seek licences or revenue-sharing deals with artists for content that is uploaded by their users. The European Commission, the EU executive, is looking at imposing an obligation on...

  • TOKYO, Aug 26- Takata Corp has shortlisted six or seven companies, including a competitor and private-equity funds, as potential financial investors to bail out the Japanese car-parts maker, people involved in the process said. Japanese chemical maker Daicel Corp, China's Ningbo Joyson Electronic Corp- the parent of Michigan- based air-bag maker Key Safety...

  • Aug 26- U.S. stock index futures were little changed on Friday as investors await Federal Reserve Chair Janet Yellen's speech at 10:00 a.m. ET for clues on the timing of the next rate hike. *Wall Street has lost about 0.5 percent this week. *Traders have priced in a 21 percent chance of a September hike and the odds rise to 41.4 percent for a move in December, according...

  • FRANKFURT, Aug 26- Euro zone businesses and homeowners may be losing confidence in the European Central Bank's ability to lift inflation back to its target, ECB research showed on Friday, potentially adding to the very problems the bank is trying to fix. Their long-term inflation expectations are showing signs of drifting below the ECB's 2 percent target, or "...

  • BERLIN, Aug 26- Germany's domestic economy is set fair for further growth, with robust household and government spending propelling a self-reinforcing cycle of activity, though Britain's Brexit vote has unnerved German companies trading abroad. Data and surveys released this week showed domestic demand cementing its role as the main driver of Europe's...

  • WASHINGTON— The Commerce Department issues its revised estimate for the economic growth that occurred between April and June at 8:30 a.m. Eastern. :Analysts forecast that gross domestic product, the broadest measure of the economy, increased at a 1.1 percent annual rate in the second quarter, according to a survey by the data firm FactSet.

  • *MSCI All-Country World index hits lowest since Aug. 9. LONDON, Aug 26- Global shares slipped to a two-week low and the dollar edged down on Friday as investors turned cautious before a keynote speech by Federal Reserve Chair Janet Yellen that could map out a clearer path for U.S. interest rates. The MSCI All-Country World index was down 0.1 percent by 1041 GMT, after...

  • HONG KONG— U.S. short-seller Andrew Left engaged in market misconduct by publishing false or misleading information about a Chinese property developer, a Hong Kong tribunal ruled Friday. The city's Market Misconduct Tribunal said in its decision that Left was reckless and negligent when his firm Citron Research released its report on Evergrande Real...

  • NEW DELHI, Aug 26- Bayer India executive said on Friday that nobody would invest in research with compulsory licensing.

  • NEW DELHI, Aug 26- An official from the newly formed alliance of major international seed companies in India said on Friday that market should determine prices of seeds rather than regulatory mechanism.

  • Aug 26- Billionaire investor Carl Icahn was lately in talks to sell his stake in nutritional supplement maker Herbalife Ltd to a group that included hedge fund manager Bill Ackman, the Wall Street Journal reported. Jefferies and Herbalife were not immediately available for comment and Carl Icahn could not be immediately reached outside regular U.S. business...

  • WARSAW, Poland— German Chancellor Angela Merkel is in Warsaw for talks with the leaders of four central European nations about migrants and the future of the European Union after Britain leaves. Merkel is meeting the prime ministers of Poland, Hungary, the Czech Republic and Slovakia ahead of an EU summit planned next month— without Britain— that is to discuss...

  • TOKYO, Aug 26- Takata Corp has shortlisted six or seven companies, including a competitor and private-equity funds, as potential financial investors to bail out the Japanese car-parts maker, people involved in the process said. Japanese chemical maker Daicel Corp, China's Ningbo Joyson Electronic Corp- the parent of Michigan- based air-bag maker Key Safety...

  • LONDON, Aug 26- Britain's high streets are heaving with shoppers despite June's shock vote to leave the European Union, big companies have reported few signs of distress and some tabloid newspapers are even talking about a post-Brexit economic boom. The overwhelming view from economists is that it is too early to know how Britain will cope with years of Brexit...

  • BRUSSELS— The world's largest brewer, AB Inbev, expects to cut about 3 percent of its total workforce— equivalent to thousands of jobs— once it completes its huge takeover of its closest rival, SABMiller. The company headquartered in Leuven, Belgium, has about 150,000 workers while the London- based SABMiller claims to have around 70,000.. It expects losses at...

  • *Inner Mongolia to shutter about 2.9 mln T of steel capacity. LONDON, Aug 26- Zinc hit its highest levels in 15 months on Friday as bearish speculators scrambled to close out positions, though some investors doubted that the hefty gains were entirely justified. LME zinc rallied to its highest since May 2015 at $2,327.50 a tonne before retreating to $2,321 by 1000...

  • NAIROBI, Kenya— Japanese Prime Minister Shinzo Abe has arrived in Kenya to launch the Tokyo International Summit on African Development which 35 heads of state are expected to attend. Kenyatta says the exchange of ideas and technology can hasten industrialization in Africa, which is key in alleviating poverty. This is the sixth edition of the Tokyo summit on...

  • COLUMBUS, Ohio _ Big Lots Inc. on Friday reported fiscal second-quarter earnings of $22.7 million. For the current quarter ending in November, Big Lots expects its results to range from a loss of 4 cents per share to earnings of 1 cent per share. Big Lots shares have increased 37 percent since the beginning of the year.

  • *Members of OPEC meeting in late September. Brent crude oil futures were down 52 cents at $49.15 per barrel by 0917 GMT, while U.S. 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 Sept. 26-28.