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  • RIO DE JANEIRO, Sept 1- A Brazilian labor court convicted units of Brazil's Odebrecht Group of holding workers in conditions akin to slavery at an ethanol refinery construction project in Angola, Brazilian prosecutors said in a statement on Tuesday. Odebrecht said in an e-mailed statement that work involved in the Angola ethanol refinery project was carried...

  • SHANGHAI, Sept 2- China's major stock indexes opened down on Wednesday, despite pledges by a number of brokerages to increase their stock invesment to support the market. China CSI300 stock index futures for September fell 2.1 percent, to 2,944.2, 291.12 points below the current value of the underlying index. The Hang Seng index in Hong Kong was down 1.0 percent, to...

  • RIO DE JANEIRO, Sept 1- A Brazilian labor court convicted units of Brazil's Odebrecht Group of holding workers in conditions akin to slavery at an ethanol refinery construction project in Angola, Brazilian prosecutors said in a statement on Tuesday. Judge Carlos Alberto Frigieri of the 2nd Part of the Labor Court of Araraquara, Brazil, ordered Odebrecht to pay...

  • SAN JUAN, Sept 1- Puerto Rico's public utility PREPA and a key bondholder group have reached the framework of a debt restructuring deal that would include a repayment reduction, or haircut, of up to 15 percent for bondholders, two people close to the talks said. The deal, which would securitize PREPA's debt with an eye toward trying to raise its credit rating, had not...

  • CARACAS, Sept 1- Venezuela and China have signed a deal for a $5 billion loan designed to increase the OPEC country's oil production, Venezuelan President Nicolas Maduro said. A source at Venezuelan state-run oil company PDVSA told Reuters in March that China was set to extend a "special" $5 billion loan that would likely stipulate hiring Chinese companies to...

  • SYDNEY, Sept 2- U.S. soybeans edged higher on Wednesday, gaining back some ground after losing 1.5 percent a day earlier but concerns about slowing economic growth and market woes in China- the world's largest importer of soybeans- continued to weigh on sentiment. *Soybeans snapped a three-session winning streak on Tuesday, sparked by a report that showed that...

  • CARACAS, Venezuela— Venezuelan President Nicolas Maduro says China has agreed to provide a $5 billion loan to boost oil production and support government programs. Maduro said Tuesday that Venezuela had received the sum from China, to be paid back in oil shipments. China is Venezuela's largest creditor and has loaned it more than $40 billion during the last...

  • PARIS, Sept 1- LVMH has hired Ian Rogers, an Apple Inc iTunes senior director, to be its new head of digital, as part of the luxury group's drive to more fully embrace the Internet. It marks one of the most high profile hires from the digital industry as fashion, jewellery and cosmetics brands race to build up teams able to engage online customers. Previously, transfers...

  • SHANGHAI, Sept 2- Nine Chinese brokerages have pledged additional funds worth over 30 billion yuan to buy shares, the China Securities Journal said on Wednesday, answering fresh government calls to support a wobbly stock market. Brokerages including Guotai Junan Securities Co, Changjiang Securities and Pacific Securities said they would increase the size...

  • MANILA, Sept 2- Gold edged lower on Wednesday after a four-day advance that had been fuelled as uncertainty over the fate of China's economy hit global equities. *Spot gold was down 0.3 percent at $1,136.51 an ounce by 0048 GMT, after touching a one-week high of $1,147.16 on Tuesday. *Sustained losses in Asian equities could switch some funds to gold after data...

  • 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...