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  • WASHINGTON, Sept 1- U.S. Navy shipbuilders Huntington Ingalls Industries Inc and General Dynamics Corp on Tuesday said they were keen to build new icebreakers for the Coast Guard, after President Barack Obama pushed for quicker work on the program. Obama on Tuesday proposed buying a heavy icebreaker by 2020 instead of 2022, the previous goal, given that quickly...

  • SINGAPORE, Sept 2- Oil prices fell as much as over 2 percent in early Asian trade on Wednesday, as a stronger than expected build in U.S. crude oil stocks and weaker U.S. manufacturing data fuelled a rout in prices that started in the previous session. This rollercoaster volatility could continue especially if there are similar wild swings in the equity markets,...

  • MELBOURNE, Sept 2- London copper resumed its downtrend on Wednesday as sentiment soured towards base metals after world factory activity slowed in August and the International Monetary Fund cut its outlook for global growth. Copper hit its weakest in six years at $4,855 a tonne last Monday. *China's giant manufacturing industry contracted and euro zone and...

  • CARACAS, Sept 1- President Nicolas Maduro said Venezuela has signed a deal with China for a $5 billion loan to increase the OPEC country's oil production.

  • TOKYO, Sept 2- The dollar and commodity currencies like the Aussie were on the defensive on Wednesday as another stormy 24- hour session for financial markets forced investors to unwind well established trades, sending the euro and safe-haven yen higher. The dollar was up 0.5 percent at 119.89 yen, off a low of 119.25 but still sharply down from an overnight high...

  • *Weak U.S. manufacturing survey follows downbeat China figures. *China equities performance, Beijing policies in the spotlight. TOKYO, Sept 2- Asian shares got off on the back foot on Wednesday after weak manufacturing activity reports from both the U.S. and China sent Wall Street reeling, while the dollar steadied after steep losses.

  • STOCKHOLM- Swedish Central Bank holds monetary policy meeting. Speakers:- International Monetary Fund Managing Director Christine Lagarde, Reserve Bank of India Deputy Governor Urjit Patel, Bank of Japan Deputy Governor Hiroshi Nakaso, Indonesia Finance Minister Bambang Brodjonegoro and IMF Monetary and Capital Markets Department Division Chief Ulric...

  • MEXICO CITY, Sept 1- In a win for U.S. high-fructose corn syrup exporters, Mexico's economy ministry has opted against opening an anti-dumping claim against them, the head of a leading Mexican fructose producer said on Tuesday. The UPCI cited a lack of similarity between the fructose sweetener each country produces, said Sucroliq CEO Enrique Bojorquez.

  • Sept 1- Twenty-First Century Fox Inc's Fox News Channel scored the highest prime-time ratings among all basic cable television networks in August, according to Nielsen data, led by the Republican presidential candidates' debate and anchor Megyn Kelly's "The Kelly File." Fox News Channel's total viewers rose 34 percent to average roughly 2.4 million from a year...

  • BELLINGHAM, Wash.— The small grocery-store chain Haggen on Tuesday sued Albertsons for more than $1 billion in damages, alleging the supermarket giant engaged in systematic efforts to eliminate it as a viable competitor in five states. The lawsuit, filed in federal court in Delaware, accuses Albertsons of anti-competitive practices. Earlier this year, Haggen...

  • RIO DE JANEIRO, Sept 1- Brazil's largest oil workers' union advised Petroleo Brasileiro SA that it plans to begin an open-ended strike against the state-run oil company starting at midnight on Friday. The cut in the company's five-year investment plan to $130 billion from $221 billion comes in the wake of a plunge in oil prices and a corruption scandal that...

  • CAPE CANAVERAL, Fla. Sept 1- Jeff Bezos' space transportation company, Blue Origin, won another round of incentives on Tuesday to build and fly rockets near NASA's Kennedy Space Center in Florida. Commissioners in Brevard County, home of the space center, approved by a 4 to 1 vote adding an $8 million grant for the project, bringing the total value of state, regional and...

  • SAN FRANCISCO— A federal judge granted class-action status Tuesday to a lawsuit in California against Uber over the payment of its drivers, upping the stakes for the ride-hailing company in the case. The ruling increases the number of potential California plaintiffs in the suit that claims Uber drivers are incorrectly classified as independent...

  • NEW YORK— Yahoo CEO Marissa Mayer is promising to be away from the job for just a "limited time" when she gives birth to twins later this year, but the development only adds to the uncertainty some investors have long had about Yahoo. Mayer, 40, said Tuesday she and her husband are expecting twin girls in December and she said she plans to work through the pregnancy much...

  • TORONTO— An antenna at the top of the Trump International Hotel and Tower Toronto that had been deemed unstable poses "no safety risk whatsoever," police said Tuesday. Now, Toronto Mayor John Tory has is vowing to get to the bottom of the scare that closed a large swath of the financial district of Canada's financial capital for nearly two days.

  • WASHINGTON, Sept 1- Senate Majority Leader Mitch McConnell undercut threats by fellow Republicans to hold the budget process hostage in an effort to defund Planned Parenthood, saying conservatives do not have enough support in Congress to cut off the group, which is under fire from abortion opponents. Republicans have threatened to push for cutting off the...

  • ABUJA, Nigeria— The Nigerian National Petroleum Corporation will deploy drones across the territorial waters of Africa's largest oil producer as part of a series of new efforts to help curb rampant oil theft, a company official said Tuesday. Millions of dollars in oil is stolen daily in Nigeria and the government estimates around 250,000 barrels of oil are...

  • LONDON, Sept 1- European insurers' assets under management jumped 9.4 percent to 9.9 trillion euros in 2014 from a year earlier, trade body Insurance Europe said on Tuesday, mainly driven by increased investment by life insurers. European gross written premiums rose by 3.7 percent to 1.2 trillion euros, Insurance Europe said in a statement, with life insurance...

  • *Looser lending rules seen as challenge to World Bank, ADB. *World Bank, ADB, play down talk of rivalry with newcomer. BEIJING, Sept 2- China's new international development bank will offer loans with fewer strings attached than the World Bank, sources said, as Beijing seeks to change the unwritten rules of global development finance.

  • NEW YORK— If you're one of those people who hates missing the end of breakfast hours at McDonald's, hang on just a little longer: the chain says its breakfast menu will be available all day starting Oct. 6. McDonald's is also working to improve its food by toasting buns longer and searing burgers to improve taste, and it's looking for a way to shake up its image.