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  • *Price competitive at around 599 euros. HELSINKI, Aug 16- HMD Global, the Finnish start-up looking to reinvigorate the Nokia phone brand, unveiled the Nokia 8 on Wednesday, hoping to cash in on rising consumer demand for high-quality audio and video features. With a suggested price tag of around 599 euros, the Nokia 8 undercuts Apple, which typically offers a...

  • VIENNA— Austrian authorities have ordered a recall of a cancer medication that was put on the market without proper approval. But government medical authorities said Wednesday that "Melphalan Koanaa"— which comes from India— was packaged in Austria by a local company and marketed without official approval. It and the Health Ministry say they have filed a...

  • Aug 16- India's Infosys Ltd said on Wednesday its board will consider a proposal, to buy back equity shares, at its meeting later this month. The country's No. 2 software services exporter said in April, it would return up to 130 billion rupees to shareholders in the fiscal year ending March 2018, adding the manner of the payout will be decided by later by the board.

  • S&P 500, NASDAQ COMPOSITE TURN NEGATIVE IN VOLATILE TRADING.

  • Aug 16- General Motors Co's Maven car sharing and rental unit could wind up competing with two of its biggest customers, Uber Technologies and Lyft Inc, with an ambitious expansion plan that could take it eventually into ride and delivery services. Through Gig, Maven can provide GM vehicles directly to ride-sharing drivers who previously leased them through...

  • NEW YORK, Aug 16- U.S. Treasury yields stayed near their session lows on Wednesday as the Federal Reserve's minutes on its July 25-26 policy minutes showed policy-makers were ready to roll out a plan to shrink its balance sheet, and some were worried about the weak level of inflation. At 2:08 p.m., the benchmark 10- year Treasury yield was 2.2377 percent, down...

  • HOUSTON, Aug 16- Major oil producers pushed up high bids at a Gulf of Mexico offshore auction to $121 million on Wednesday, a nearly seven-fold increase from a year ago, as their return to deep water exploration gained momentum. This compared with $18 million in high bids at the Bureau of Ocean Energy Management's Outer Continental Shelf auction last summer.

  • BOSTON, Aug 16- Investor William Ackman said on Wednesday his hedge fund had bought and sold a stake in Hilton Worldwide Holdings, identifying the portfolio company that recently earned him a double digit return. Pershing Square Capital Management owned a roughly 5 percent stake but sold out within the last two months, Ackman said, noting that the stock price ran...

  • SAO PAULO, Aug 16- The Brazilian government's decision to loosen budget targets does not affect Moody's Investors Service perception of Brazil, an analyst at the ratings agency said on Wednesday. Brazil previously targeted primary deficits of 139 billion reais and 129 billion reais in each year. "However, Brazil's medium-term credit prospects will be...

  • WASHINGTON, Aug 16- Federal Reserve policymakers appeared increasingly wary about recent weak inflation and some called for a halt to further interest rate hikes until it was clear the trend was transitory, according to the minutes of the central bank's last policy meeting. The readout of the July 25-26 meeting, at which policymakers voted unanimously to keep...

  • S&P 500 ADDS TO GAINS AFTER HITTING SESSION LOW; LAST UP 0.2 PCT.

  • STOCKS FURTHER PARE GAINS AFTER MINUTES FROM MOST RECENT FEDERAL RESERVE MEETING.

  • TREASURY YIELDS HOLD EARLIER LOWS AFTER FED RELEASES JULY 25-26 POLICY MEETING MINUTES.

  • WASHINGTON— Federal Reserve policymakers were worried last month about inflation, but for two opposing reasons. The policy debate was revealed in minutes released Wednesday of the Fed's July 25-26 meeting. The latest reading of traders' expectations shows less than a 50-50 chance of a December hike, according to the CME Group.

  • WASHINGTON, Aug 16- Federal Reserve policymakers appeared increasingly wary about recent weak inflation and some called for a halt to further interest rate hikes until it was clear the trend was transitory, according to the minutes of the central bank's last policy meeting. The readout of the July 25-26 meeting, at which policymakers voted unanimously to keep...

  • NEW YORK, Aug 16- U.S. President Donald Trump's disbanding of two CEO advisory panels led Wall Street stocks to pare their earlier gains and increased bids for government debt. At 1:55 p.m. EDT, benchmark 10- year Treasury yields were 2.2395 percent, down more than 2 basis points from late Tuesday.

  • But the new program from Express Scripts is drawing criticism from the American Medical Association, the largest association of physicians and medical students in the U.S., which believes treatment plans should be left to doctors and their patients. Express Scripts launched a yearlong pilot program in 2016 aimed at reducing patients' dependency on opioids...

  • Trump announced the break-up of the advisory councils after 3 M Co's Inge Thulin became the latest of several chief executives to leave Trump's American Manufacturing Council, and the president's Strategic and Policy Forum broke up of its own will. "Rather than putting pressure on the businesspeople of the Manufacturing Council& Strategy& Policy Forum, I am...

  • YIELD DECLINE ACCELERATES FOLLOWING TRUMP SAYS ENDING MANUFACTURING COUNCIL AND STRATEGY& POLICY FORUM.

  • NEW YORK— Six months into her tenure as head of the Small Business Administration, Linda McMahon sees a split among small business owners— they are increasingly optimistic, she says, but many are held back by their inability to get loans or find the right workers for jobs that are staying open. McMahon's observations matched owners' self-assessments in surveys...