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  • MADRID, Sept 4- Spain is sending a high-level government and business delegation to Iran next week, joining other countries drawn to Tehran by the possibility of lucrative opportunities that could be unlocked by a nuclear deal. Business delegations from around the world have hurried to Tehran since Iran and six major world powers reached a nuclear deal on July...

  • *Corn under pressure from near-record U.S. harvest. PARIS/ SINGAPORE, Sept 4- Chicago wheat steadied after touching a five-year low on Friday but remained on course for a fourth straight weekly loss in the face of stiff export competition from northern hemisphere harvests. Corn edged higher after nudging a three-week low earlier in the session and soybeans also...

  • Sept 4- Canadian smartphone maker BlackBerry Ltd said it would acquire software security provider Good Technology for $425 million in cash.

  • LONDON, Sept 4- Investors continued to pull billions of dollars out of emerging market stocks in the week to Sept. 2, but the cumulative outflow recently is now so large it is flashing a "buy" signal to investors, Bank of America Merrill Lynch said on Friday. The $5.2 billion outflow brought redemptions over the last four weeks to $24 billion, or 2.94 percent of assets...

  • NEWARK, N.J.— Newark officials have adjusted a downtown redevelopment plan to allow for a potential casino. Newark Mayor Ras Baraka and Essex County Executive Joseph DiVincenzo want a casino to anchor a downtown district that would also include a convention center, shopping and entertainment. He says the council's approval Wednesday puts Newark in a position...

  • JAKARTA, Indonesia— An official says Indonesia has dropped its plan to construct a high-speed train line and instead will shift to more economical medium-speed technology. Coordinating Minister of Economy Darmin Nasution said Friday that the high-speed service is not suitable for the relatively short distance of 150 kilometers between Jakarta and...

  • FRANKFURT, Sept 4- A day after Mario Draghi presented a sobering economic outlook for the euro zone, the nervousness coursing through his European Central Bank was underscored by a fellow policy maker. "There is serious uncertainty at the moment because you don't know exactly whether this is a pothole on the road or a landslide," said Ewald Nowotny, the head of...

  • "We are positive that we will comfortably achieve our adjusted EBIT target of more than 1.5 billion euros this year," Carsten Spohr said in an interview at the group's main base in Frankfurt. Lufthansa is changing Germanwings, bringing it under the banner of its new budget unit, Eurowings, where it hopes to lower costs further in order to better compete with the...

  • ANKARA, Sept 4- A push by emerging market countries to characterize possible rate hikes in developed nations as a serious risk for the global economy was rejected by drafters of the G20 communique, a source from the Russian delegation told reporters on Friday. "Some emerging market countries wanted to fix a position," the source said, when asked whether an expected...

  • BOSTON— The University of Massachusetts and seven labor unions have reached an agreement to pay $10.9 million in retroactive pay to faculty and staff. UMass President Martin Meehan and the unions announced the deal on Thursday. UMass spokesman Robert Connolly says if the funds aren't appropriated, the university will be forced to make mid-year cuts.

  • Sept 4- U.S. stock index futures fell on Friday ahead of the August jobs report that is expected to feature in the Federal Reserve's decision to raise interest rates for the first time since 2006.. *A strong report would not only underscore the economy's vibrancy in the face of volatile global financial markets and China's slowing growth, but also keep alive the...

  • LONDON, Sept 4- The dollar fell on Friday while demand for the safe-haven yen picked up as stocks weakened, with traders increasingly certain that a key U.S. jobs report due later is unlikely to push the Federal Reserve to raise rates. Expectations of a rate hike by the Fed in September have waned as a slowdown in China has brought increased market volatility across...

  • ATHENS, Sept 4- So divided has Syriza's youth wing become over the direction of Greece's leftist party, that when its council planned to convene at the end of August, the meeting was abandoned. In just seven months as premier, Tsipras, under pressure from Greece's creditors, has backtracked on his pre-election promises to end austerity. Tsipras has called an...

  • Orix Corp and the leasing units of Sumitomo Mitsui Financial Group Inc, Mitsubishi UFJ Financial Group Inc and Sumitomo Mitsui Trust Holdings Inc are among the bidders, the sources said. A spokesman for Sumitomo Mitsui Financial Group declined to comment. Officials at Orix, Mitsubishi UFJ Financial Group and Sumitomo Mitsui Trust Holdings were not available...

  • DRAFT G20 COMMUNIQUE WILL WELCOME MEASURES COUNTRIES TAKE TO STABILISE ECONOMIES AND REDUCE VOLATILITY- RUSSIAN SOURCE.

  • BERLIN— Germany's BASF SE is reviving a planned asset swap with Russian gas company Gazprom that was called off last December. BASF said Friday that the two companies have agreed to complete the asset swap by the end of this year. The swap will see BASF subsidiary Wintershall transfer its share in a jointly operated natural gas trading and storage business to...

  • DRAFT G20 COMMUNIQUE TO BROADLY MENTION CHANGES IN MONETARY POLICY BY DEVELOPED COUNTRIES- SOURCE IN RUSSIAN DELEGATION.

  • G20 COMMUNIQUE DRAFTERS REJECTED PUSH BY EMERGING MARKETS TO CHARACTERISE POSSIBLE DEVELOPED COUNTRY RATE HIKES AS SERIOUS RISK FOR GLOBAL ECONOMY- RUSSIAN SOURCE.

  • KUALA LUMPUR, Sept 4- Malaysia's international reserves, which have slid this year as the central bank has supported the country's embattled currency, increased in the last two weeks of August, surprising economists. Currency reserves increased to $94.7 billion as of Aug. 28, Bank Negara Malaysia said on Friday, from $94.5 billion on Aug. 14- the lowest level since...

  • *New Delhi also needs overseas investment to boost growth. MUMBAI, Sept 4- India's tax officials, long the scourge of foreign investors, are under government pressure to avoid aggressive claims against overseas funds and companies, as the country seeks to repair an image dented by high-profile tax battles. The new, consensual approach marks a sharp change for a...