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  • LONDON, Aug 16- Ratings agency Fitch said on Thursday that it saw a growing risk of a bitter and economically damaging Brexit that could lead to a further downgrade of Britain's sovereign credit rating. "We no longer believe it is appropriate to identify a specific base case," Fitch said in an update on its views on how Brexit might affect Britain's economy and...

  • LONDON, Aug 16- A majority of Britons do not trust banks and think they did not face severe enough penalties for their part in the 2008 financial crisis, a survey showed on Thursday. Next month will mark the tenth anniversary of the collapse of investment bank Lehman Brothers, as a bubble in the United States sub-prime mortgage market burst. The survey found 66...

  • 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.

  • GENOA, Italy, Aug 16- Italy's biggest toll-road operator came under heavy stock-market attack on Thursday and the government said it could impose a heavy fine or revoke its concession over a bridge collapse that killed at least 38 people. An 80- meter-long section of the bridge, part of a motorway linking the port city of Genoa with southern France, gave way on...

  • The company said it now expected a loss of between $1 per share and 80 cents per share, much bigger than its previously estimated loss of between 7 cents and 13 cents. Net loss widened to $101 million, or 32 cents per share, in the second quarter ended Aug. 4 from $48 million, or 15 cents per share, a year earlier. The company is yet to find a replacement for Chief Executive...

  • Aug 16- U.S. supermarket operator Kroger Co said it will start testing driverless grocery delivery on Thursday with technology partner Nuro at a single Fry's Food Store in Scottsdale, Arizona. Kroger and rival Walmart Inc each have teamed up with autonomous vehicle companies in a bid to lower the high-cost of "last-mile" deliveries to customer doorsteps, as...

  • WASHINGTON/ LONDON, Aug 16- Hackers operating from an elite Chinese university probed American companies and government departments for espionage opportunities following a U.S. trade delegation visit to China earlier this year, security researchers told Reuters. Cybersecurity firm Recorded Future said the group used computers at China's Tsinghua...

  • LAUNCESTON, Australia, Aug 16- The recent gyrations in the world economy around Turkey's currency and the escalating U.S.- China trade dispute have taken a toll on commodity prices, especially industrial metals. The key to which commodities are likely to perform better is China, which is the world's largest commodity importer. And it's not just China boosting...

  • PLANO, Texas _ J.C. Penney Co. on Thursday reported a loss of $101 million in its fiscal second quarter. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share. Six analysts surveyed by Zacks expected $2.89 billion.

  • 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. The Wall Street Journal reported https://on.wsj.com/2PeCeyZ earlier on Thursday that Starboard believed its board nominees could help...

  • *China approves 77.69 bln yuan of fixed-asset investments in July. BEIJING, Aug 16- China almost quadrupled the value of fixed-asset investment projects approved in July from the previous month as Beijing looks to accelerate infrastructure spending to stabilize the cooling economy. Beijing is accelerating infrastructure spending and rolling out other...

  • Penney Co Inc on Thursday reported sales at established stores below analysts' estimates as the department store chain discounted heavily to clear inventory, sending its shares down 15 percent. Net loss widened to $101 million, or 32 cents per share, in the second quarter ended Aug. 4 from $48 million, or 15 cents per share, a year earlier. The company is yet to find a...

  • LITTLE ROCK, Ark. _ Dillard's Inc. on Thursday reported a loss of $2.9 million in its fiscal second quarter. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 41 cents per share. Three analysts surveyed by Zacks expected $1.47 billion.

  • NEW YORK _ The Madison Square Garden Co. on Thursday reported a loss of $46.1 million in its fiscal fourth quarter. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of $1.67 per share. The Madison Square Garden Co. shares have risen 47 percent since the beginning of the year.

  • Aug 16- U.S. stock index futures rose on Thursday, helped by upbeat earnings, a dip in the dollar and after China said it will hold trade talks with the United States later this month. Shares of trade-sensitive companies Boeing rose 2.4 percent and Caterpillar gained 1.2 percent on hopes that Beijing and Washington may resolve a conflict that has roiled financial...

  • *Turkey fending off "economic coup attempt", official says. ISTANBUL, Aug 16- The Turkish lira strengthened more than 3 percent on Thursday before a presentation by Finance Minister Berat Albayrak to investors, shrugging off U.S. comments ruling out the removal of steel tariffs on Turkey even if it frees a U.S. pastor. The currency gained some support from the...

  • *TESLA HAS BACKED AWAY FROM AN AGREEMENT TO BUY ALL THE OUTPUT FROM A SOLAR-PANEL FACTORY IT OPERATES WITH PANASONIC CORP- WSJ Source text: https://on.wsj.com/2vKQkQu Further company coverage:.

  • *Pigs travelled across China from Heilongjiang to Henan. Some 30 hogs died of the disease at the slaughterhouse in Zhengzhou in central Henan province, the Ministry of Agriculture and Rural Affairs said in a statement. The agriculture ministry did not name the company in Heilongjiang, but China's largest pork processor Henan Shuanghui Investment&...

  • OR YEHUDA, Israel _ Formula Systems Ltd. on Thursday reported second-quarter profit of $7.6 million. The Or Yehuda, Israel- based company said it had profit of 51 cents per share. Formula Systems shares have decreased 12 percent since the beginning of the year.

  • JOHANNESBURG, Aug 16- Gold Fields Ltd Chief Executive Nick Holland said on Thursday he was not considering resigning after South Africa's mines minister Gwede Mantashe blamed "poor management" for planned job cuts at its South Deep mine. Mining minister Gwede Mantashe said Gold Fields' plans to slash jobs at South Deep to reduce costs is taking the "easy way out"...