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  • TOKYO, Aug 15- Asian stocks sagged on Wednesday, failing to track Wall Street's gains and with the dollar near a 13- month high as concerns about Turkey's financial crisis weighed on investor appetite, despite the lira's move away from an all-time low. Wall Street's three main indexes rose on Tuesday as the lira's climb eased fears of broader financial contagion...

  • TOKYO, Aug 15- Asian stocks sagged on Wednesday, failing to track Wall Street's gains and with the dollar near a 13- month high as concerns about Turkey's financial crisis weighed on investor appetite, despite the lira's move away from an all-time low. Wall Street's three main indexes rose on Tuesday as the lira's climb eased fears of broader financial contagion...

  • Front-month Brent crude oil futures were at $72.14 per barrel at 0021 GMT, down by 32 cents, or 0.4 percent, from their last close. U.S. crude stocks rose by 3.7 million barrels in the week to Aug. 10, to 410.8 million barrels, private industry group the American Petroleum Institute said on Tuesday. "Oil prices... fell after the API inventory data showed an unexpected crude...

  • *July crude imports from Iran at 788,651 T. South Korea shipped in 788,651 tonnes of crude oil from Iran last month, or 186,478 barrels per day, customs office data showed on Wednesday. South Korean refiners did not plan to load any Iranian crude in July amid pressure from their government and the United States and South Korea to comply with the sanctions, which...

  • SAO PAULO, Aug 14- Brazil's state-controlled power utility Centrais Eletricas Brasileiras SA on Tuesday said its second-quarter net profit soared when compared with the same period a year earlier, helped by increases in power prices. Eletrobras, as the company is known, reported in a securities filing net income of 2.832 billion reais, up sharply from 344...

  • Aug 14- A hedge fund owned by the chief executive of Sears Holdings Corp, Edward Lampert, has offered to buy Sears' Kenmore appliances brand for $400 million in cash, according to a filing with the U.S. Securities and Exchange Commission on Tuesday. ESL Investments also made an offer to buy the company's home services division Ship for $70 million in cash, according...

  • MONDAY, AUGUST 20 KINGSPORT, Tennessee- Federal Reserve Bank of Atlanta President Raphael Bostic speaks on the economic outlook before a fireside chat of the Johnson City, Kingsport, and Bristol Chamber of Commerce- 1500 GMT. FRANKFURT- Bank of Canada Senior Deputy Governor Carolyn Wilkins participates in panel discussion at Central Bank Research...

  • LONDON, Aug 14- Cyclical indicators point to slower and more uneven growth in the global economy for the rest of this year and into 2019, which means the rise in oil consumption is likely to moderate, especially for distillates like diesel. Economic growth remains strong in the United States, but in much of the rest of the world clear signs of slackening momentum...

  • Federal Reserve Today in Washington. 15- Aug Germany Auction of 30- year Federal bonds 16- Aug Japan 1- year discount bill auction 16- Aug Japan Auction of 5- year government bonds 17- Aug Japan 3- month discount bill auction 20- Aug Norway Auction of Treasury bills 20- Aug Netherlands DTC Auction 21- Aug Germany Auction of 2- year Treasury notes 21- Aug Japan...

  • District Judge Paul Crotty in Manhattan said shareholders could sue as a group because Goldman had not shown it more likely than not that its alleged misstatements had no impact on its stock price. These CDOs included Abacus 2007 AC-1, the centerpiece of a probe that led to Goldman's $550 million settlement of civil claims by the U.S. Securities and Exchange...

  • NEW YORK, Aug 14- Soros Fund Management LLC added Facebook Inc, Apple Inc and Twitter Inc, but trimmed stakes in Alphabet Inc and Amazon.com Inc in the quarter through June, according to a regulatory filing on Tuesday. Soros Fund Management also dramatically boosted its shares in BlackRock Inc- the world's largest asset management firm, overseeing $6 trillion- by...

  • WASHINGTON, Aug 14- Ford Motor Co disclosed Tuesday it will spend $740 million on a project to revamp Michigan Central Station, Detroits historic but dilapidated former rail station, as well as other neighborhood sites. The second largest U.S. automaker based in Dearborn, Michigan, about 10 miles from Detroit, announced the project in June, but had not previously...

  • WASHINGTON, Aug 14- Lockheed Martin Corp has been awarded a U.S. Air Force contract worth up to $2.9 billion for three missile warning satellites, the Air Force said on Tuesday. Lockheed's Next-Generation Overhead Persistent Infrared Satellites will provide improved missile warning capabilities that are more survivable against emerging threats than the...

  • BOGOTA, Aug 14- Ecopetrol SA, Colombia's state-run oil company, said on Tuesday its second-quarter net profit rose to 3.5 trillion pesos, up 170 percent from the same period in 2017, thanks to higher crude prices. The company plans to invest between $3.5 billion and $4 billion this year to boost production and explore for more oil to replenish dwindling reserves,...

  • BOGOTA, Aug 14- Ecopetrol SA, Colombia's state-run oil company, said on Tuesday its second-quarter net profit rose to 3.5 trillion pesos, up 170 percent from the same period in 2017, thanks to higher crude prices. The company plans to invest between $3.5 billion and $4 billion this year to boost production and explore for more oil to replenish dwindling reserves,...

  • Aug 14- Tesla Inc's board named a special committee of three directors on Tuesday to decide what to do about Chief Executive Elon Musk's potential offer to take the electric carmaker private, although Musk has yet to make a formal offer and is still negotiating to hire advisers needed to do a deal. Since that unorthodox announcement on Aug. 7, which has triggered...

  • The proposed acquisition is Diamondback's second in the Permian in a week, after striking a deal to pay $1.2 billion for Ajax Resources LLC. West Texas shale producers also are facing pressure to expand scale and efficiency in the Permian basin as higher costs for services, and the need to secure limited pipeline transport out of the region, weigh on smaller and...

  • rebounds@ SAO PAULO, Aug 14- Latin American equities mounted a second day of a comeback on Tuesday as the region shook off the impact of panic selling in Turkey's lira, while the currencies of Mexico, Brazil and Argentina rebounded from the global battering. Brazil's real and Mexico peso both rose sharply alongside the lira, but currencies in Colombia, Peru, and...

  • NEW YORK, Aug 14- Two major Tesla Inc shareholders cut their stakes in the electric automaker during the second quarter, before Chief Executive Elon Musk announced he would try to take the company private earlier this month. T. Rowe Price Group Inc funds, once the No. 2 Tesla shareholder after Musk, cut their holdings by nearly a quarter to 11.9 million shares in the...

  • *Turkey is target of economic war, says president. *U.S. demanding release of Christian pastor in Turkey. ISTANBUL, Aug 14- President Tayyip Erdogan said on Tuesday that Turkey would boycott electronic products from the United States, retaliating in a row with Washington that has helped drive the lira to record lows.