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Wires

  • *ECB members including Mario Draghi due to speak on Monday. LONDON, Sept 25- Southern European government bonds underperformed on Monday after an unexpectedly weak election result for Germany's Angela Merkel led to concerns about the emergence of a more hardline stance towards the euro zone in the bloc's largest economy. The concerns come a day before French...

  • NEW YORK, Sept 25- President Donald Trump's announcement on Sunday restricting travelers from an expanded list of countries has already been roundly criticized by immigrant and civil rights groups as no more lawful than his previous travel ban, but it could stand a better chance of holding up in court, legal experts said. The new presidential proclamation,...

  • SINGAPORE, Sept 25- U.S. wheat slid 1 percent on Monday, falling for a second consecutive session as ample supplies continued to weigh on prices. The most-active wheat contract on the Chicago Board Of Trade lost 0.7 percent to $4.46-1/ 25 a bushel by 1151 GMT, after hitting a session's low of $4.44 a bushel, its lowest since Sept. 20. Soybeans lost 0.5 percent to $9.79-1/ 4...

  • LONDON, Sept 25- Hedge funds have become strongly bullish on the outlook for all parts of the petroleum complex, amid signs global crude stocks are declining and fuels will be short supply after hurricane-related refinery outages. Hedge funds and other money managers raised their combined net long position in futures and options linked to Brent and WTI by 83...

  • COPENHAGEN, Sept 25- Payments firm Nets on Monday welcomed a 33.1 billion Danish crown bid from U.S. firm Hellman& Friedman, marking what could be one of the largest European private equity takeovers in recent years. The Danish firm was taken public in Copenhagen a year ago and was valued at 30 billion crowns, or 150 crowns per share, double what Advent International,...

  • TOKYO, Sept 25- Toshiba Corp told its main banks on Monday it has not signed the $18 billion sale of its semiconductor business because Apple Inc, a member of the buyer group, has not agreed on key terms, two people involved in the deal said. The struggling Japanese conglomerate announced last Wednesday it had chosen a consortium led by U.S. private equity firm Bain...

  • NEW YORK— Target Corp. is raising its minimum hourly wage for its workers to $11 starting next month and then to $15 by the end of 2020 in a move it says will help it better recruit and retain top-quality staff and provide a better shopping experience for its customers. Target quietly raised entry-level hourly wages to $10 last year from $9 from the previous year,...

  • CHICAGO, Sept 25- Target Corp said on Monday it would increase its minimum hourly wage this year by a dollar to $11, vowing to raise this by the end of 2020 to $15 an hour-- the so-called "living wage" labor advocates across the United States are campaigning for. The Minneapolis- based retailer, which plans to start hiking minimum pay across its stores to $11 an hour in...

  • *London mayor: Uber must play by rules. LONDON, Sept 25- Uber's new boss apologized to Londoners for the taxi app's mistakes and pledged to make changes as the Silicon Valley firm tries to overturn a decision to strip it of its license in one of its major markets. London police complained this year that Uber, which is backed by Goldman Sachs and BlackRock, was either not...

  • *London mayor: Uber must play by rules. LONDON, Sept 25- Uber's new boss apologised to Londoners for the taxi app's mistakes and pledged to make changes as the Silicon Valley firm tries to overturn a decision to strip it of its licence in one of its major markets. London police complained this year that Uber, which is backed by Goldman Sachs and BlackRock, was either not...

  • Instead, AIG will have General Insurance led by Peter Zaffino, as chief executive; Life& Retirement, led by Kevin Hogan; and a stand-alone technology-enabled platform, led by Seraina Macia. Rob Schimek, CEO of the Commercial unit will leave the company at the end of October as part of the changes, AIG said in a statement. It remains the largest commercial insurer in the...

  • Sept 25- U.S. drugmaker Allergan Plc on Monday authorized a $2 billion buyback of its shares and said its Chief Financial Officer Tessa Hilado would retire.

  • BEIRUT, Sept 25- Lebanon still aims to increase taxes to finance a public sector pay rise, a senior official said on Monday, after the plan was thrown into doubt last week when the constitutional council annulled the new tax law. Many public sector workers went out on strike on Monday after the constitutional council, an arm of the judiciary, decided on Friday to...

  • LONDON, Sept 25- Oil prices rose on Monday to their highest in eight months after major producers said at a meeting in Vienna the global market was well on its way towards rebalancing. The Organization of the Petroleum Exporting Countries, Russia and several other producers have cut production by about 1.8 million barrels per day since the start of 2017, helping...

  • LONDON, Sept 25- The euro snapped a two-day rising streak on Monday after a surge in support for the far right in elections in Germany prompted investors to lock in gains in one of the most profitable currency trades of the year. "Markets dont like uncertainty and the German election results have injected a healthy dose of," said Richard Falkenhall, a strategist at...

  • *Iran imposes flight ban, Turkey threatens retaliation. *Tension simmers over vote in disputed areas like oil-rich Kirkuk. ERBIL/SULAIMANIYA, Iraq, Sept 25- Kurds voted in an independence referendum in northern Iraq on Monday, ignoring pressure from Baghdad, threats from Turkey and Iran, and international warnings that the vote may ignite yet more regional...

  • The company's shares were down 3.7 percent at $35.52 in light premarket trading on Monday. The homebuilder said it expected about $150 million of cash flow from operations, down from its previous forecast of about $300 million. The Fort Worth, Texas- based homebuilder said it expected selling, general and administrative expenses as a percentage of...

  • The FDA asked Intellipharma to complete additional studies to assess the abuse-deterrent properties of the drug when used via oral and nasal methods, the company said. The FDA, however, requested additional information related to the inclusion of the blue dye in the drug. In June, the FDA called for the removal of Endo International Plc's long-acting opioid...

  • BEIJING, Sept 25- The United States hopes there will be some "very good deliverables" when President Donald Trump visits China, U.S. Trump will likely visit China in November as part of a trip that will take him to an Association of Southeast Asian Nations summit in the Philippines and an Asia-Pacific Economic Cooperation summit in Vietnam. China's relationship...

  • Commerce Secretary Wilbur Ross said Monday that Washington is hoping for concrete progress during President Donald Trump's planned trip to China amid rising trade tensions. Trump is due to visit Beijing later this year and meet President Xi Jinping, who visited the United States in April. "We hope there will be some very good deliverables," Ross said at the start...