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  • *Renault takes aim at Peugeot in Iran. PARIS, Sept 3- France's PSA Peugeot Citroen, the biggest-selling European carmaker in pre-sanctions Iran, has hit a setback in its bid to reclaim that throne: domestic rival Renault. Now Renault plans to use $560 million of its cash that had been trapped in Iran to seize the advantage, after July's international deal to lift...

  • After a series of fiery crashes, The Associated Press conducted a survey of nearly a dozen big cities that, collectively, see thousands of tank cars each week, revealing a patchwork of preparedness. The AP surveyed emergency management departments in Chicago; Philadelphia; Seattle; Cleveland; Minneapolis; Milwaukee; Pittsburgh; New Orleans; Sacramento,...

  • TOKYO, Sept 3- Japan Display Inc Chief Executive Mitsuru Homma on Thursday said the screen maker's "biggest client", widely understood to refer to Apple Inc, is increasing orders ahead of the expected launch of a new iPhone this month. "I continue to believe China represents an unprecedented opportunity over the long term," Cook wrote in remarks that sparked a...

  • *Aug index at 72.3, lowest since May 2014, vs July's 73.4. BANGKOK, Sept 3- Thai consumer confidence fell for the eighth successive month in August to a 15- month low, as weak exports and a deadly bomb blast in the capital Bangkok hold back economic recovery, a university survey showed on Thursday. The consumer confidence index of the University of the Thai Chamber of...

  • Asian stocks rose Thursday after Wall Street rebounded from a sharp sell-off and as a holiday in China gave investors a break from its torrid markets. Markets were closed in China, which has suffered a dramatic slide since June, and Hong Kong. "Without China to provide guidance, improved sentiments from the Street would provide trading clues for Asian investors."

  • Sept 3- As U.S. oil prices hover near six year lows, hedging positions by shale producers will be increasingly important to understand which companies will be most affected by the price slump. According to a Reuters analysis of regulatory disclosures by the largest 30 shale producers, more than half of them did not expand their hedges during the three months...

  • NEW YORK, Sept 3- With the benefit of hindsight, last quarter may have been the best chance for cash-strapped U.S. shale oil producers to ensure they would get at least $60 a barrel for the next year or two. According to a Reuters analysis of hedging disclosures by the 30 largest such firms, more than half of them did not expand their hedges during the three months ended...

  • SINGAPORE, Sept 3- Oil fell on Thursday on an unexpected build in U.S. crude stocks and a stronger dollar, but a recovery in Asian shares after Wall Street posted a near 2 percent gain overnight helped support prices. Asian investors were focused on the increase in U.S. crude inventories last week, but sentiment had been supported by the rally on Wall Street, said...

  • TOKYO, Sept 3- Japanese government bond yields hit a three-week high on Thursday as Tokyo stocks rallied and reduced the appeal of safe-haven debt, while overnight losses by U.S. The benchmark 10- year JGB yield touched 0.405 percent, highest since Aug. 11. Japan's Nikkei rose for the first time in four days as gains on Wall Street boosted sentiment and bargain...

  • PARIS— Hundreds of tractors were descending on Paris on Thursday in a boisterous protest by farmers blocking highways to express their anger over falling French food prices and high taxes. They planned to gather at the Place de la Nation in eastern Paris, and some farmers want to head to Parliament. "It's not popular to annoy all the people on their way to work," said...

  • *China markets closed, ECB policy meeting awaited for cues. TOKYO, Sept 3- The dollar climbed against the euro and yen on Thursday as global investors tentatively stepped back into equities, tempering demand for the single currency and the Japanese unit. Global stock indexes extended gains Thursday after receiving a midweek lift from reports of brokerage...

  • *Weak exports, consumption to weigh on Japan recovery. AOMORI, Japan, Sept 3- Japan is unlikely to see inflation hit the central bank's 2 percent target over the next 2-1/ 2 years as consumer spending remains weak and China's slowdown hurts exports, Bank of Japan board member Takahide Kiuchi said on Thursday. "Consumer inflation... is unlikely to reach 2 percent even in...

  • *Chicago Dec wheat hits fresh contract low on weak demand Corn falls for 3rd day as U.S. harvest pressure mounts. SINGAPORE, Sept 3- Chicago wheat hit a contract low on Thursday, falling for a sixth session out of eight, as ample global supplies dented demand for uncompetitively priced U.S. grain. Corn fell for a third session with a near-record U.S. harvest likely to...

  • *Respite may be brief as China on a holiday break. TOKYO, Sept 3- Asian shares struggled to recover on Thursday with volatility remaining high, while emerging economy and commodity-linked currencies softened as investors worried about the global repercussions of slower growth in China. Japan's Nikkei rose for the first time in four days, gaining 1.4 percent,...

  • SINGAPORE, Sept 3- Oil fell on Thursday on an unexpected build in U.S. crude stocks and a stronger dollar, but a recovery in Asian shares after Wall Street posted a near 2- percent gain overnight helped support prices. Asian investors were focused on the increase in U.S. crude inventories last week and questioned why supply had not filtered through to demand, said...

  • *China bonded copper premiums hold at more than 1 year top. MELBOURNE, Sept 3- London copper held steady on Thursday, following a 1 percent bounce in the previous session as investors closed short positions amid a two-day holiday in China that drained volumes from the market. A flood of data from China in coming weeks is likely to point to further weakness in the...

  • TOKYO, Sept 3- Japan's Nikkei share average rose for the first time in four days on Thursday as gains on Wall Street boosted sentiment and bargain hunters flocked to recently battered stocks. Traders said global markets were getting some respite from worries about China, as markets there are closed on Thursday and Friday for ceremonies to mark the end of World...

  • KUALA LUMPUR, Sept 3- The Malaysian economy is in a stronger position than it was during the 1997 Asian Financial Crisis to bear any "incoming storms", Prime Minister Najib Razak said on Thursday. Local companies now have stronger balance sheets and governance, while structural reforms to the financial and banking sector has strengthened it against "intense...

  • Sept 2- Sony Pictures Entertainment Inc has reached a settlement agreement with nine former employees who had filed a lawsuit claiming that their personal data was stolen in a 2014 hacking tied to the studio's release of a comedy film set in North Korea, "The Interview." Sony Pictures declined to comment on the settlement. In June, a U.S. judge had rejected a bid by...

  • BOSTON, Sept 2- Hedge fund mogul William Ackman, one of last year's best performers, joined a string of high profile managers in reporting deep losses for August as global markets tumbled amid fears over slower growth in China. Ackman's Pershing Square Capital Management, which makes concentrated bets on a small number of stocks, told clients on Wednesday that...