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  • SYDNEY, Aug 28- U.S. soybeans rose on Friday, extending two-day gains to nearly 2 percent and poised to record only modest losses for the week, despite lingering concerns over demand from China. *The U.S. Department of Agriculture reported net weekly soybean export sales for the 2015/ 16 marketing year that begins Sept. 1 above trade expectations at 1.457 million...

  • MANILA, Aug 28- Gold wallowed near recent lows on Friday and was on track to post its biggest weekly drop in five as strong U.S. economic data backed the case for a near-term increase in interest rates. *Economists say entering the current market turbulence with strong momentum will help the U.S. economy shrug off the drag from China's weakness.

  • SEOUL, Aug 28- Crude oil futures were largely steady on Friday after posting their biggest one-day rally in over six years the day before led by recovering equity markets and news of diminished crude supplies. Front-month October Brent crude had dipped 20 cents to $47.36 per barrel as of 0046 GMT. U.S. crude edged down 3 cents to $42.53 per barrel, after ending up...

  • TOKYO, Aug 28- Asian shares extended a global rally on Friday after upbeat U.S. economic data calmed sentiment shaken by days of turmoil in Chinese equities. Wall Street rose sharply overnight thanks to revised U.S. gross domestic product data showing the economy grew faster than initially thought in the second quarter- a reassuring sign amid worries over...

  • TOKYO— Japan's inflation rate dropped to its lowest level in more than two years in July and household spending also slowed, data that likely will raise pressure on the central bank to up its barrage of monetary stimulus. Many economists are forecasting a renewed expansion in the current quarter, though weakening demand for exports to China and other emerging...

  • MIAMI— The United States must bolster its military, push for more free trade and hold China far more accountable on human rights, Republican presidential candidate Marco Rubio writes in an op-ed for The Wall Street Journal. The U.S. senator from Florida is expected to provide details of his China policy Friday morning in Charleston, South Carolina, when he speaks...

  • SEOUL, Aug 28- U.S. crude futures held around $42.50 a barrel on Friday after oil posted its biggest one-day rally in over six years in the previous session, led by recovering equity markets and news of diminished crude supplies. *U.S. crude lost 5 cents at $42.51 per barrel as of 0002 GMT after it settled up $3.96, or 10.3 percent, at $42.56 per barrel, its biggest one-day...

  • LOS ANGELES, Aug 27- McDonald's Corp and Tyson Foods both severed ties on Thursday with a Tennessee farm where workers were seen stabbing, clubbing and stomping on chickens in an undercover video shot by animal rights activists. The videotape, which was unveiled by Mercy For Animals at a news conference in Los Angeles, depicts gruesome animal cruelty toward the...

  • EDINBURGH, Scotland- Bank of England's Executive Director of Prudential Policy David Rule at the Credit Scoring and Credit Control XIV Conference, University of Edinburgh. REYKJAVIK- Launch of Economic Survey of Iceland 2015. NEW YORK- Federal Reserve Bank of Boston President Eric Rosengren speaks on the economic outlook before the Forecasters Club of New...

  • TOKYO, Aug 28- Japan's core consumer inflation was flat in the year to July and household spending unexpectedly fell, casting deeper doubt on the central bank's forecast that a solid economic recovery will help accelerate inflation to its 2 percent target. Separate data showed household spending fell 0.2 percent in the year to July, confounding a median market...

  • The U.S. District court in North Dakota granted a preliminary injunction against the so-called Waters of the United States rule finalized by the Environmental Protection Agency and the U.S. Army Corps of Engineers in May. North Dakota and 12 other states filed a lawsuit against the federal government in June, charging that the rule constituted an improper...

  • SYDNEY, Aug 28- The dollar held at one-week highs against a basket of major currencies early on Friday, having benefited from upbeat U.S. data and as investors continued to cut back on safe-havens such as the yen. The euro came close to $1.1200, having been knocked off its lofty perch above $1.1700. Analysts at Citi said all four components showed positive revisions:...

  • Aug 27- GameStop Corp said it expected robust revenue growth in the second half, helped by a strong slate of video game releases and growth in its mobile and consumer electronics businesses. Activision Blizzard Inc's "Destiny: The Taken King", Microsoft Studios' "Halo 5: Guardians" and Ubisoft's "Assassin's Creed: Syndicate" are set to be released in the third quarter.

  • Aug 27- Autodesk Inc, the maker of computer-aided design software, cut its full-year profit and revenue forecast for the second time this year, sending its shares down 7 percent. Autodesk also reported lower-than-expected quarterly revenue as its licensing revenue declined because of the company's shift to a cloud-based subscription model.

  • "The NLRB's actions today will subject employers to increased uncertainty, liability for workplaces that they don't actually control, and ramped up pressure tactics to ease union organizing," said Glenn Spencer, a vice president at the U.S. Chamber of Commerce. Business groups have said such a ruling, which came in the case of waste management company...

  • NEW YORK, Aug 27- Donald Trump had to do a bit of damage control on Thursday after repeatedly dropping Carl Icahn's name in a campaign speech and then saying most good business negotiators were "vicious, horrible, miserable human beings." Trump, who is leading the Republican field in the polls by a wide margin, was telling the audience at a rally in Greenville, South...

  • DENVER— A man convicted of stabbing five people to death at a Denver bar and setting the business on fire will not be executed and instead will serve a lifelong prison sentence, a jury decided Thursday. It was the second time in a month that a Colorado jury has decided against execution for a mass killer. Earlier this month, jurors choose not to give the death penalty...

  • NEW YORK, Aug 27- Two former Rabobank traders urged a U.S. judge on Thursday to dismiss an indictment accusing them of engaging in a scheme to manipulate Libor, the benchmark interest rate at the center of a global investigation into misconduct at several banks. Lawyers for Anthony Allen and Anthony Conti told a Manhattan federal judge that prosecutors could not...

  • WASHINGTON, Aug 27- The U.S. government has approved Britain's request to have 50 of its older model Apache helicopters refurbished and upgraded by Boeing Co and other U.S. companies, a deal valued at around $3 billion, the Defense Department announced on Thursday. The Pentagon's Defense Security Cooperation Agency, which oversees foreign arms sales, notified...

  • But the stock climbed further after the billionaire investor disclosed the stake in a filing with the U.S. Securities and Exchange Commission, and said that he plans to speak with Freeport and may seek board representation. Freeport is undervalued, Icahn said in the filing, and he intends to address "executive compensation practices and capital structure as...