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  • Aug 16- Hedge fund Starboard Value LP has nominated five directors to Symantec's board after taking a 5.8 percent stake in the cybersecurity firm, it said on Thursday, upping pressure for moves to improve performance. They rose 7.4 percent to $19.92 in morning trading. The Wall Street Journal reported https://on.wsj.com/2PeCeyZ earlier on Thursday that...

  • BRUSSELS, Aug 16- The European Union on Thursday dismissed a suggestion that its budget rules had prevented Italy from spending enough to keep its infrastructure safe, two days after a bridge collapse in Genoa killed at least 38 people. A spokesman for the executive European Commission rebuffed the criticism, saying Italy was getting 2.5 billion euros from EU...

  • LONDON, Aug 16- Investors rattled by events in Turkey, China and South Africa have pulled $1.3 billion out of emerging-market stocks in the last week and $100 million from bonds, according to the Institute of International Finance, which tracks financial flows. The Washington- based IIF said the exodus of investment money this week has largely been concentrated...

  • China and the United States have implemented several rounds of tit-for-tat trade tariffs and threatened further duties on exports worth hundreds of billions of dollars, which could knock global economic growth. Brent crude oil futures were up 39 cents at $71.15 a barrel at 1213 GMT, while U.S. crude futures rose 14 cents on the day to $65.15.

  • *Turkey will navigate U.S. sanctions with Germany, Russia, China. ISTANBUL, Aug 16- Finance Minister Berat Albayrak assured international investors on Thursday that Turkey would emerge stronger from its currency crisis, insisting that the country's banks were healthy. Lots of countries had been the target of similar U.S. trade measures, he said, and Turkey would...

  • LONDON, Aug 16- Turkish Finance Minister Berat Albayrak hosted a conference call with global investors on Thursday in a bid to reassure them that policymakers are able to tackle the worst currency crisis the country has suffered since 2001.. CRISTIANA DE ALESSI, BNP PARIBAS ASSET MANAGEMENT. Turkey may require a stronger adjustment than is currently in their...

  • NEW YORK, Aug 16- Walmart Inc reported quarterly earnings and sales that topped estimates on Thursday, driven by strong grocery sales and a revamped website that boosted online purchases, and the company's shares soared over 10 percent in early trade. Chief Executive, Greg Foran, said on an earnings conference call, praising sales in produce, meat and bakery.

  • *China and U.S. to hold trade talks this month. Aug 16- U.S. stock indexes rose on Thursday, helped by a string of robust earnings reports, a dip in the dollar and after China said it will hold talks with the United States later this month. Industrials rose 0.94 percent on hopes that Beijing and Washington may resolve a conflict that has roiled financial markets since...

  • OSLO, Aug 16- Norway's power supply, entirely dependent on hydroelectric dams, will be secure this winter, the energy regulator said on Thursday, as long-awaited rains have begun filling reservoirs. A run of exceptionally warm, dry months until early August depleted Norway's water supplies, lifting power prices to record highs, triggering power imports from its...

  • MOSCOW, Aug 16- En+ Group, hit by U.S. sanctions against Russia in April, said on Thursday it was investigating the possibility of re-domiciling from Britain's Jersey to one of Russia's new offshore zones. En+ also said on Thursday that its board had already approved a move from Cyprus to Russia of one of its subsidiaries- En+ Holding Limited- which manages the group's...

  • *Turkey fending off "economic coup attempt," official says. ISTANBUL, Aug 16- Finance Minister Berat Albayrak assured international investors on Thursday that Turkey would emerge stronger from its currency crisis, insisting that the country's banks were healthy and strong. In a conference call with thousands of investors and economists, Albayrak- who is...

  • TORONTO, Aug 16- The Canadian dollar was nearly unchanged against its U.S. counterpart on Thursday after a planned oil pipeline from Alberta to Nebraska met with a setback, offsetting domestic data that showed a rise in factory sales. A federal judge in Montana on Wednesday ordered the U.S. State Department to do a full environmental review of a revised route for a...

  • NEW YORK— Aretha Franklin, the undisputed "Queen of Soul" who sang with matchless style on such classics as "Think,"'' I Say a Little Prayer "and her signature song," Respect, "and stood as a cultural icon around the globe, has died at age 76 from pancreatic cancer. Publicist Gwendolyn Quinn tells The Associated Press through a family statement that Franklin died Thursday at...

  • Speaking to around 6,000 investors in his first such call since being appointed to the cabinet in July, Albayrak, who is also Turkish President Tayyip Erdogan's son-in-law, said Turkey will navigate this period of U.S. sanctions with other parties such as Germany, Russia and China.

  • LONDON, Aug 16- Turkey's government will stand by its public banks if they need help, Finance Minister Berat Albayrak said on Thursday.

  • LONDON, Aug 16- Turkey is not expecting any fines against state-owned Halkbank, Finance Minister Berat Albayrak said on Thursday. A former Halkbank executive was convicted by a U.S. court in January of helping evade U.S. sanctions on Iran. Albayrak also told investors on a conference call that monetary policy was not enough to fight inflation, and a coordinated,...

  • LONDON, Aug 16- Turkey is not expecting any fines against state-owned Halkbank, Finance Minister Berat Albayrak said on Thursday. A former Halkbank executive was convicted by a U.S. court in January of helping evade U.S. sanctions on Iran. Albayrak also told investors on a conference call that monetary policy was not enough to fight inflation, and a coordinated,...

  • LONDON, Aug 16- If the global economy starts to grow more slowly, the impact will show up first in the price of refined fuels such as road diesel, marine gasoil and jet fuel that play a central role in the freight transport system. Middle distillate fuels are principally burned in the high-powered engines used in trucks, railroads, ships, barges and aircraft to move...

  • *China, U.S. to resume trade talks. Treasury yields were steady on Thursday, after edging higher overnight on reports of new trade talks between the United States and China, as global trade tensions remained the main investor focus. The main focus is the resumption of trade talks between U.S. and China, just general trade noise, said Blake Gwynn, an interest rate...

  • LONDON, Aug 16- At least three consortiums have been formed to launch multibillion-euro bids for a stake in the operator of Paris Charles de Gaulle and Orly airports, among the first of France's planned privatizations for 2019, three financial sources said. This privatization is part of President Emmanuel Macron's plan to help to finance a 10 billion euro...