Wires

  • JERUSALEM, Sept 26- The Bank of Israel kept its benchmark interest rate at 0.1 percent for a 19th straight month on Monday and raised its growth forecasts after recent data suggested the economy may be expanding faster than previously thought. "We have received a batch of data over the past three months that indicates-- for now-- a marked improvement in the real...

  • TORONTO, Sept 26- Canada's main stock index fell on Monday as heavyweight financial stocks led a broad move lower, with only slight gains from weighty natural resource groups offsetting the losses. Investors globally are focusing on how Republican Donald Trump would fare in a U.S. presidential debate against Democrat Hillary Clinton, which could rank as one of...

  • Sept 26- Caesars Entertainment Corp is "optimistic" of finally reaching a $5 billion agreement with creditors to push its main operating unit out of a long and costly bankruptcy, the Las Vegas- based casino group said in a statement on Monday. The company's main operating unit, Caesars Entertainment Operating Co Inc, filed for Chapter 11 protection in January 2015...

  • CHICAGO— Grain futures were lower Monday in early trading on the Chicago Board of Trade. Wheat for December delivery was 7 cents lower at $3.9760 a bushel; December corn was 3.50 cents lower at $3.33 bushel; December oats was 1.50 cents lower at $1.7540 a bushel; while November soybeans lost 2.50 cents to $9.5220 a bushel. October live cattle was 1.05 cents lower at...

  • JERUSALEM, Sept 26- Backers of Israel's massive Leviathan natural gas field signed a $10 billion deal on Monday to supply 1.6 trillion feet of gas to Jordan's National Electric Power Company. The deal marks a significant step forward in Israel's efforts to exploit its offshore gas reserves, although it is still looking for a partnership with Egypt or Turkey, or...

  • Sept 26- Renault SA's carmaking alliance with Nissan Motor Co is partnering with Microsoft Corp to develop cloud-based services for cars, a step toward the group's plans to build self-driving automobiles by 2020.. The services, based on Microsoft's Azure cloud service, will include advanced navigation, predictive maintenance and over-the-air software...

  • *Oil prices climb on hopes of OPEC production freeze. NEW YORK, Sept 26- Stock prices around the world declined on Monday ahead of the first U.S. presidential debate between Hillary Clinton and Donald Trump, while oil prices rose in advance of an informal OPEC meeting in Algeria on hopes for an output cut. The debates might increase the lead of one over the other and...

  • *Rogers hired to change mindset of LVMH managers. PARIS, Sept 26- When LVMH hired former Apple music executive Ian Rogers to craft a digital strategy, investors may have hoped for some quick results. Changing mentalities and priorities at LVMH takes time, according to sources close to the 78 billion euro group controlled by France's richest man, Bernard Arnault.

  • TRENTON, N.J.— Two lawsuits ended in jury verdicts worth $127 million. Two others were tossed out by a judge who said there wasn't reliable evidence that the talc in Johnson& Johnson's iconic baby powder causes ovarian cancer. Johnson& Johnson, whose baby powder dominates the market, says it's perfectly safe.

  • OIL PRICES EXTEND GAINS, U.S., BRENT CRUDE UP BY MORE THAN 3 PCT.

  • Sept 26- Johnson& Johnson said on Monday that the U.S. Food and Drug Administration approved the company's blockbuster psoriasis drug, Stelara, for use in adults with Crohn's disease. The drug is approved in the United States to treat the skin condition scaly plaque psoriasis and a type of arthritis associated with psoriasis. These treatments include J&J's own...

  • Sept 26- Pipeline operator Williams Cos Inc said on Monday it added two new directors, prompting activist investor Corvex Management LP to withdraw plans to replace the company's entire board. The company named Stephen Chazen, former chief executive of Occidental Petroleum Corp, and Peter Ragauss, former chief financial officer of Baker Hughes Inc, to its...

  • Sept 26- Wall Street was lower on Monday as Pfizer weighed on health stocks and Deutsche Bank on financials. Deutsche Bank's U.S.-listed shares fell 6 percent to a record low of $11.96, and dragged on big Wall Street banks, after a German magazine said Chancellor Angela Merkel has ruled out state assistance for the lender. The bank said it had no need for German...

  • MEXICO CITY, Sept 26- Mexican economic growth slowed in July, but activity in the service sector picked up, official data showed on Monday, suggesting domestic demand is still providing support to Latin America's second-biggest economy. Adjusted for seasonal factors, the economy grew 0.3 percent in July from June, figures from the national statistics agency...

  • PGIM'S PETERS SAYS CHANGES TO PORTFOLIO REFLECT CONCERNS ABOUT U.S.

  • LONDON, Sept 26- Gregory Peters, a senior investment officer at PGIM with over $600 billion of fixed income assets, said on Monday his fund had increased exposure to U.S. government bonds and pulled back on high-yield debt due to concerns about the economy. Federal Reserve left monetary policy unchanged at a meeting last week and indicated it would raise rates...

  • PGIM'S PETERS SAYS INTERESTED IN DEBT FROM BRAZIL'S PETROBRAS, MEXICO'S PEMEX AND CEMEX, AND ARGENTINA.

  • WASHINGTON, Sept 26- New U.S. single-family home sales fell less than expected in August, though prices fell and inventories rose. The Commerce Department said on Monday new home sales fell 7.6 percent to a seasonally adjusted annual rate of 609,000 units last month. That level of annualized sales is the highest since October 2007.

  • WASHINGTON— Sales of new homes down 7.6 percent in August; nearly all regions post declines.