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  • NEW YORK, Aug 30- Berkshire Hathaway Inc's $37 billion deal for aerospace supplier Precision Castparts Corp is encouraging investors to consolidate the fragmented aircraft components industry, even as Boeing Co uses its clout as the world's biggest plane maker to put a check on some deals. Private equity and strategic buyers have been pouring into the sector,...

  • BRASILIA, Aug 30- Renan Calheiros took an Air Force jet to get hair implants and was accused of letting a lobbyist pay child support to a journalist he had an affair and a child with. Either episode would have derailed many politicians but corruption allegations have not kept Calheiros, the 59- year-old president of Brazil's Senate, from making himself a go-to...

  • HARARE, Aug 30- Zimbabwe, suffering from economic recession and lack of foreign investment, is relaxing a black economic empowerment law forcing foreign-owned firms to sell majority shares to locals in a bid to attract investment, a cabinet minister said on Sunday. Signalling a shift in policy, Christopher Mushohwe, minister for youth, indigenisation and...

  • BANGKOK, Aug 30- Police probing Thailand's deadliest bombing raided a second location and widened their search for more suspects on Sunday after a foreigner was arrested and stacks of fake passports and bomb-making materials found at a Bangkok apartment block. The bombing killed 20 people and stunned Thailand. Fourteen foreigners, seven from mainland China...

  • BANGKOK, Aug 30- The evidence seized by police investigating Thailand's deadliest bombing includes an apparently damning trove of explosives, fertiliser, and piles of fake passports, but the shabby-looking foreigner they arrested on Saturday remains a mystery. There has been no word of his nationality, affiliation or whether the evidence seized in a shabby...

  • HONG KONG, Aug 30- Ageas has agreed to sell its Hong Kong insurance unit to a China- based asset manager JD Capital for HK $10.7 billion, the Belgian insurer said in a statement on Sunday, exiting a business it acquired eight years ago. "The decision to sell our business in Hong Kong follows a strategic review of our Asian activities in which we concluded that it is in the...

  • BERLIN— Volkswagen AG and Suzuki Motor Corp. say an arbitration tribunal has formally put an end to a failed alliance between the two companies to develop green cars, and Suzuki will buy back the 19.9 percent stake that Volkswagen held. The hybrid and electric car partnership agreed in 2009 never got off the ground and unraveled into a public feud.

  • LA ROCHELLE, France, Aug 30- Young Socialist Party members booed the French prime minister at a party dinner on Saturday, calling for the resignation of his economy minister, whom they accuse of favouring business over Socialist ideals, participants said on Sunday. "They shouted' Macron resign'," party member Marise Faye said of a group of youths at the Socialist...

  • Results with Alnylam Pharmaceuticals and Medicines Co's experimental product ALN-PCSsc highlight the competition for a market tipped to generate billions of dollars in sales. Amgen's Repatha and a rival product, Praluent, from Sanofi and Regeneron Pharmaceuticals, are each expected to generate more than $2 billion a year in sales by 2020, according to...

  • DUBAI, United Arab Emirates— A large fire broke out Sunday in the basement of a sprawling residential complex in Saudi Arabia's oil-rich east, killing at least seven people and injuring more than 200, civil defense officials in the kingdom said. The Interior Ministry's General Directorate of Civil Defense said the casualties involved victims of various...

  • BRASILIA, Aug 30- President Dilma Rousseff has dropped the idea of reinstating a tax on financial transactions to bridge a gaping fiscal deficit after it ran into a barrage of criticism even from within her coalition, Brazilian media reported on Sunday. The Folha de S.Paulo and Estado de S.Paulo newspapers, citing presidential aides, said Rousseff abandoned...

  • BEIJING, Aug 30- China's economy is growing at a "reasonable" pace and, despite growing pressure, the government can handle well the risks the country faces, Chinese Premier Li Keqiang said. Li said international market instability "has increased the uncertainties around the global economic recovery, and the impact on China's financial market and imports and...

  • *Estimated HK $1.57 tln a year channelled through Macau. HONG KONG, Aug 30- Just days after authorities raided five pawn shops in the Chinese territory Macau, many of the neon-lit stores in the world's biggest gambling hub are still letting punters make fake purchases to skirt rules on how much cash they can take out of China. The transaction, which took less than 10...

  • SAN JUAN, Aug 29- Puerto Rico will delay until Sept. 8 the completion of its fiscal reform plan, the commonwealth's government said on Saturday, citing time spent on contingency disaster planning by the government in the run-up to Tropical Storm Erika. A working group appointed by Puerto Rico Gov. Tropical Storm Erika hit the eastern portion of Puerto Rico early on...

  • LOS ANGELES— A few inches above the floor, a man is suspended from a swing-like apparatus pretending he's flying over a mountain. At the third annual VRLA, a gathering of VR creators and enthusiasts in Southern California, the immersive technology transported more than 2,000 attendees beyond the walls of the Los Angeles Convention Center to other countries,...

  • *China crash most closely matches Japan's in early 90 s. *China more active, Japan response too little, too late. The abrupt end of Japan's boom in the 1990 s, complete with stock crash and property bust, offers the most striking similarities, and the most valuable lessons.

  • *Japanese in China worried about anti- Japan sentiment. BEIJING, Aug 30- Beijing is battening down the hatches and cranking up the propaganda ahead of a massive military parade this week to mark the end of World War Two, shooing cars from streets and shutting factories for the Communist Party's biggest event of the year. Some 12,000 soldiers will march through...

  • CAMPOS DO JORDÃO, Brazil, Aug 29- Finance Minister Joaquim said on Saturday he now favors reviving an old tax on financial transactions to cope with Brazil's fiscal crunch in a slumping economy, and warned that without new taxation the country could face a crisis like Greece's. Many economists believe Brazil will not see signs of a recovery until well into 2016..

  • *Fed, BoE sound confident notes in face of China fears. JACKSON HOLE, Wyo., Aug 29- U.S. inflation will likely rebound as pressure from the dollar fades, allowing the Federal Reserve to raise interest rates gradually, Fed Vice Chairman Stanley Fischer said on Saturday in a speech careful not to overreact to a possible Chinese slowdown. The cautious confidence from...

  • Billionaire investor Warren Buffett's company has amassed a stake worth nearly $4.5 billion in Phillips 66 more than a year after trading a chunk of its holding in the oil refiner for a chemical business investment. A regulatory filing says Berkshire Hathaway Inc. has accumulated about 58 million shares, which amounts to more than 10 percent of the Houston...