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  • SEOUL, Aug 28- Crude oil futures rose on Friday, adding to their biggest one-day rally in over six years the day before, led by recovering equity markets and news of diminished crude supplies. October Brent crude was up 69 cents at $48.25 per barrel as of 0615 GMT. U.S. crude was 65 cents higher at $43.21 per barrel, after ending up $3.96 at $42.56 per barrel.

  • LONDON, Aug 28- Bwin.Party, the online gambling firm at the centre of a bidding war between rivals 888 and GVC Holdings, posted a 2 percent rise in first-half earnings on Friday. Bwin said on Friday cost savings had helped lift adjusted core earnings for the six months to June 30 to 47.3 million euros, slightly ahead of analyst forecasts of 45.4 million euros, adding...

  • TOKYO— The backdrop to the wild drama in financial markets over the past few weeks is a less dramatic but more daunting reality: the deep-seated challenges for sustaining long-term growth, especially for aging economies like Japan's. Japan released data Friday showing its economy has yet to escape the doldrums more than two years after Prime Minister Shinzo...

  • It will also remain instantly recognizable with its blue-and-gold Goodyear logo emblazoned across the side. But that's OK, too, because from the ground it won't look much different from Goodyear's Spirit of America, which was deflated and disassembled earlier this month after a farewell flight across California. It's a semi-rigid dirigible, " Goodyear's...

  • ZURICH, Aug 28- Switzerland's economy unexpectedly grew in the second quarter to avoid a first recession since 2009, indicating the impact from the central bank's removal of a currency cap has been less severe than first feared. The poll had forecast the $690 billion Swiss economy had shrunk 0.1 percent in the second quarter. Switzerland's currency soared...

  • *Simple barcodes provide too little information. BERLIN, Aug 28- Growing demand for more information about the products we buy could mean the end of the simple barcode- the blocks of black and white stripes that adorn most objects for sale and are scanned five billion times a day. First used on a pack of Wrigley's Juicy Fruit chewing gum in 1974 in a store in Ohio,...

  • WASHINGTON/ BEIJING, Aug 28- The chairman of China's Tsinghua Unigroup travelled to the United States this week to meet with board members of Micron Technology and try to revive a politically fraught takeover bid of the U.S. chipmaker, people familiar with the matter said. Senator Charles Schumer of New York called on the inter-agency Committee on Foreign...

  • HONG KONG, Aug 28- China is trying to push its two biggest aluminium businesses together as part of a planned shake-up of state-owned enterprises, industry sources said, a move that would create the world's largest aluminium maker. Power company State Power Investment Corp is in talks to hive off its aluminium assets to Aluminum Corp of China, allowing SPI to...

  • Lester Ross, vice chairman of The American Chamber of Commerce in China, said Chinese consumers needed more choice in services, which would in turn provide more stability as plunging stock markets have exacerbated worries about China's economy. "China is actually depriving its citizens of the best available advice, the best available services," Ross told...

  • BEIJING, Aug 28- China's local pension funds will start investing 2 trillion yuan as soon as possible in stocks and other assets, senior government officials said on Friday, in a bid to boost the investment returns of such funds. China said last weekend that it would let pension funds under local government units to invest in the stock market for the first time, a...

  • SHANGHAI, Aug 28- China stocks rose on Friday, encouraged by strong gains on Wall Street and signs of fresh support from Beijing after a five-day plunge that panicked global markets. Still, the indexes are heading for a weekly fall of about 10 percent, and a monthly slide of around 14 percent, with the Shanghai market on course to register its worst monthly...

  • CHICAGO, Aug 28- U.S. retailers including Toys R Us are starting to negotiate with their Chinese suppliers to take advantage of lower manufacturing costs after China devalued the yuan, with many saying they want to be ready if currencies in China and other Asian countries drop more against the dollar. Earlier this month, China devalued its tightly controlled...

  • The carnage of the last week- even with Wednesday's and Thursday's rebound- has been particularly acute for investors who have seen their overweight positions in companies such as social media site Facebook, pharmaceutical company Valeant, internet retailer Netflix, carmaker Tesla Motors and renewable energy company SunEdison get pummeled in the last...

  • JACKSON HOLE, Wyo., Aug 28- Wild swings in world financial markets this week have shown how events in China can potentially disrupt the Federal Reserve's carefully scripted policy plans. "The years when China could keep on growing and pump things up- that's over. So you look around the world and ask who can take up the slack, and really the answer is nobody, "said Kevin...

  • TOKYO, Aug 28- Japanese government bond prices were little changed on Friday, with the negative impact from rallying Tokyo shares and an overnight retreat by U.S. Treasuries offset by the Bank of Japan's regular debt buying. Japan's Nikkei surged more than 2 percent, helped by further gains on Wall Street after strong U.S. economic data buoyed sentiment that had...

  • NAIROBI, Aug 27- Oil marketer Total Kenya said its first-half pretax profit dropped by 14 percent due to inflation and volatility in international oil prices. The group, part of French oil major Total, posted an 891.7 million shilling pretax profit in the six months to June 30, against 1 billion shillings in the same period in 2014.. The company's turnover fell to 64...

  • BEIJING— An American business group urged China on Friday to allow more access to its insurance and other service industries, saying foreign skills could help develop its volatile stock markets and cope with disasters like the recent chemical explosion in Tianjin. Opening largely closed banking, logistics and other markets wider to foreign competitors...

  • NEW YORK, Aug 28- The nearly two-month-long slide in oil prices to 6-1/ 2 year-lows has been a boon to many so-called systematic funds, which trade based on technical signals or computer algorithms rather than fundamentals. While most market commentary has focused on the persistent glut in the global market caused by unrelenting OPEC output and surprisingly...

  • Aug 28- The oil market's 10 percent surge on Thursday offered a visceral reminder that many of its most active participants could not care less about global oil inventories, Saudi Arabia's stressed finances or the American shale revolution. For dozens of commodity trading advisors from Rotterdam to Chicago, so-called "systematic" funds that typically use...

  • SYDNEY, Aug 28- Copper edged down in Asian trading on Friday following strong gains overnight, but traders said the metal remained underpinned by a second day of resurgent Asian equities and higher oil prices. Wall Street rose sharply overnight thanks to revised U.S. gross domestic product data showing the economy grew faster than initially thought in the...