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  • BRUSSELS, Sept 26- Germany's Infineon Technologies on Wednesday won its fight against an 82.2 million euro European Union cartel fine after Europe's highest court told a lower tribunal to review the size of its penalty. Japanese chipmaker Renesas alerted the cartel to the European Commission and escaped a fine. Infineon and Philips then challenged the EU...

  • "Trump blames OPEC for what he has created and caused: the rise of the price of oil and disturbance in the market. In a speech at the United Nations on Tuesday, Trump reiterated calls on OPEC to pump more oil and stop raising prices. The United States will apply sanctions to halt oil exports from Iran, the third-largest producer in OPEC, starting on Nov. 4.

  • DUBAI, Sept 26- Saudi Arabia and four other Gulf states will enter JP Morgan's emerging market government bond indexes next year, a move likely to lure billions of dollars of new foreign investment into their debt, according to a JP Morgan statement sent to investors. Sovereign and quasi-sovereign debt issuers from Saudi Arabia, Qatar, the United Arab Emirates,...

  • LIVERPOOL, England, Sept 26- Britain's opposition Labour Party is wooing business bosses even as it unveils a raft of radical economic policies, determined to thaw a sometimes frosty response to its plans to give more power to the workers. With Brexit negotiations at an impasse and Prime Minister Theresa May's future uncertain, Labour and business-- at times...

  • BEIJING, Sept 26- China and the United States can compete but should not view each other with a Cold War mentality and should avoid thinking it is a zero-sum game, the Chinese government's top diplomat said, amid deteriorating ties between the superpowers. Beijing and Washington are locked in an increasingly bitter trade war and are increasingly at odds over...

  • LONDON, Sept 26- European shares held their ground on Wednesday morning, following limited gains on Asian stock markets and before a widely expected rate hike by the U.S. London's FTSE 100 was down 0.03 percent, Paris' CAC 40 up 0.09 percent and Frankfurt's DAX down 0.15 percent. "I don't expect much to be happening before the Fed," said Harry Scheper, managing director...

  • WASHINGTON— The Latest on the Federal Reserve's monetary policy meeting:. Stock markets are mixed, with Wall Street futures up a modest 0.2 percent, ahead of the meeting. Investors will keep an eye on a news conference by Chairman Jerome Powell for more clues to the Fed's views.

  • LONDON, Sept 26- The pound slipped on Wednesday as investors remained cautious about the ongoing negotiations between Britain and the EU on a Brexit deal and as broader currency markets waited for an expected Federal Reserve interest rate hike later in the day. After suffering its biggest one-day loss since 2016 on Friday when Prime Minister Theresa May had...

  • Middle East- Iran oil min@. President Donald Trump wants the price of oil to stop going up, he should stop interfering in the Middle East, Iranian oil minister Bijan Zanganeh said on Wednesday, according to the Iranian Students' News Agency. "If he wants the price of oil not to go up and the market not to get destabilized, he should stop unwarranted and disruptive...

  • WASHINGTON— The Federal Reserve is set Wednesday to raise interest rates for a third time this year and possibly modify the likely direction of rates in the months ahead. The big question is whether the strong U.S. economy, which has been fueled this year by tax cuts and increased government spending, could weaken next year, especially if President Donald Trump's...

  • *Anbang assets in cities including Tokyo, Osaka, Nagoya. TOKYO/ HONG KONG, Sept 26- Anbang Insurance Group Co Ltd aims to sell $200 million worth of Japanese real estate to bidders including Blackstone Group LP, about two years after buying them from the U.S. investment firm, two people with knowledge of the matter said. The assets on sale are part of the portfolio of...

  • FRANKFURT, Germany— Daimler CEO Dieter Zetsche will leave his post in May and be succeeded by Ola Kallenius, who has headed development and research for the automaker's Mercedes-Benz luxury brand. The 49- year-old Kallenius, who was born in Vastervik, Sweden, has headed group research and vehicle development for the key Mercedes-Benz luxury car division since...

  • IF TRUMP WANTS THE OIL PRICE TO STOP GOING UP, HE SHOULD STOP INTERFERING IN THE MIDDLE EAST- IRAN OIL MINISTER.

  • Credit card lending by the main high street banks rose by an annual 5.8 percent, the strongest growth rate since February, UK Finance, a group representing banks and lenders, said. "Growth in card spending remained fairly strong, reflecting the boost to retail sales from the warm weather as well as the growing use of credit cards as a preferred means of payment," Peter...

  • *Company valued after IPO at about $12 billion. HONG KONG, Sept 26- Haidilao's shares gave up their sharp initial gains on debut in Hong Kong on Wednesday, raising questions about the Chinese hotpot chain's $12 billion valuation and about the outlook for IPOs in the financial hub. It is the second major Hong Kong listing in a week to lose steam after a strong start.

  • PARIS, Sept 26- BNP Paribas is not planning any major international acquisitions in 2019-2020, France's biggest listed bank said in a presentation on Wednesday, despite signs of possible big deals in the European banking sector. "2019-2020: No appetite for further acquisitions," the bank wrote in a slide for an investor presentation at Bank of America Merrill...

  • *Prague apartment prices rise 50 pct in three years. PRAGUE, Sept 26- Czech mortgage loan demand has jumped by up to 30 percent for many lenders in recent months due to a last-minute dash by borrowers before tougher income requirements take effect on Oct. 1, part of central bank efforts to cool a hot housing market. The Czech housing market has boomed in recent years,...

  • *Markus Schaefer to become head of Mercedes-Benz Cars. FRANKFURT, Sept 26- Daimler AG on Wednesday named Swede Ola Kaellenius as chief executive from 2019 and proposed that current CEO Dieter Zetsche would become chairman of the supervisory board in 2021.. Kaellenius, 49, will then be appointed as CEO of the group, and Markus Schaefer, currently head of...

  • PARIS— The first paying guests to the ground-floor studio flat newly posted on Airbnb were innocuous enough: A family, come to experience the joys of Paris, like many millions of others. Paris, long one of the world's top destinations, is still grateful for the billions of euros that tourists pump into the French capital's economy and the 300,000 jobs they sustain.

  • FRANKFURT, Germany— A fierce global trade war would hurt the United States economy significantly, making households poorer and destroying jobs, while China would not suffer as much, according to a simulation carried out by economists at the European Central Bank. In research published Wednesday, the economists said that stock and bond markets could be hurt by a...