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  • Taken together with a mild pickup in price pressures, the data is likely to support expectations that the European Central Bank will proceed later this year with making plans to scale back its multi-billion euro monthly asset purchases. The momentum was underpinned by strong manufacturing growth in both of the euro zone's biggest economies, Germany and...

  • Aug 23- Lowe's Companies Inc, the No. 2 U.S. home improvement retailer, reported a 21.6 percent rise in quarterly profit on Wednesday as an increase in remodeling activity boosted traffic to its stores. Lowe's net income rose to $1.42 billion, or $1.68 per share in the second quarter ended Aug. 4, from $1.17 billion, or $1.31 per share, a year earlier.

  • EDINA, Minn. _ Regis Corp. on Wednesday reported fiscal fourth-quarter earnings of $1.3 million. On a per-share basis, the Edina, Minnesota- based company said it had net income of 3 cents. For the year, the company reported that its loss widened to $16.1 million, or 35 cents per share.

  • MOORESVILLE, N.C. _ Lowe's Cos. on Wednesday reported fiscal second-quarter profit of $1.42 billion. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.62 per share. Lowe's expects full-year earnings to be $4.20 to $4.30 per share.

  • LONDON— A closely-watched survey is showing that the eurozone economy is on course for another solid quarter of economic growth during the third quarter with exports holding up despite the rise in the value of the euro. Financial information company IHS Market says its purchasing managers index for the 19- country single currency bloc rose to 55.8 in August...

  • EDEN PRAIRIE, Minn. _ Evine Live Inc. on Wednesday reported a loss of $2 million in its fiscal second quarter. On a per-share basis, the Eden Prairie, Minnesota- based company said it had a loss of 3 cents. Keywords: Evine Live, Earnings Report.

  • NEW YORK, N.Y.— Fire officials in New York City say an empty commuter train has derailed inside Penn Station. There's no immediate indication on how the derailment could affect the morning commute on Amtrak, NJ Transit, the Long Island Rail Road and the city's subway lines. The derailment occurred on Track 4 at Penn Station, where repair work that started earlier...

  • LONDON, Aug 23- Euro zone bond yields rose on Wednesday, with Italian yields hitting 3-1/ 2- week highs, as data showing manufacturing firms in the bloc clocked up their best month of growth in over six years in August fanned expectations for an unwinding of ECB stimulus. Upbeat business surveys were the latest signs of an economic recovery in the single currency...

  • SAN FRANCISCO, Aug 23- What is the true cost of an Uber ride? But it may be the most important question of all when it comes to determining the value of Uber Technologies Inc, which has built its business on massive subsidies to both riders and drivers, producing huge losses in the process, and it has yet to show that it can maintain growth without them.

  • NEW DELHI, Aug 23- India's federal cabinet has approved a mechanism to oversee consolidation in the state-run banking sector, Finance Minister Arun Jaitley said on Wednesday.

  • BUDAPEST, Aug 23- Hungary's forint tested 27- month highs against the euro on Wednesday after Central Europe's most dovish central bank made no attempt to talk it down after its meeting on Tuesday. More than five years since the previous central bank rate increase within the European Union, the Czech central bank this month lifted its record-low main rate.

  • *Investors await Jackson Hole speeches by Yellen, Draghi. JOHANNESBURG, Aug 23- Gold prices edged up on Wednesday, supported by jitters over political uncertainty in the United States ahead of a major central banking conference this week. "Gold's kind of hanging in there before this Jackson Hole meeting.

  • LONDON, Aug 23- Mexico's peso fell and emerging market stocks lost some traction on Wednesday, after U.S. Suggesting that scrapping NAFTA might jumpstart current renegotiations, Trump said at a political rally in Arizona 150 miles from the Mexican border: "I personally dont think you can make a deal without a termination." Turkey's lira, Russia rouble and South...

  • MOSCOW, Aug 23- Russia's largest lender Sberbank has completed building up provisions for a loan it gave to Croatia's indebted food and retail company Agrokor, the bank's press office said on Wednesday. Sberbank's exposure to Agrokor amounts to about 1.1 billion euros. To lift part of the burden from the struggling Croatian food group, Sberbank last month...

  • LONDON, Aug 23- The European single currency and euro zone government bond yields rose on Wednesday after a survey showed the bloc's manufacturing businesses clocked up their best month of growth in six-and-a-half years. Forecast-beating surveys in the euro zone's two biggest economies France and Germany helped pull the euro up against the dollar, which had...

  • *FTSE 100, mid caps up 0.1 pct. LONDON, Aug 23- Britain's blue chip index was little changed on Wednesday as a sharp fall for advertiser WPP was offset by gain in miners, which extended a strong run, and a buoyant health sector. The FTSE 100 was up 0.1 percent at 7,386.43 points by 0852 GMT, building on Tuesday's gains.

  • PHNOM PENH, Aug 23- Cambodia signed an agreement with Singapore- listed KrisEnergy Ltd on Wednesday to develop an offshore oil field that could finally see Cambodia produce its own oil after years of delays. Cambodia has struggled to develop oil fields in the Gulf of Thailand, as few companies are willing to invest in the area following the 2014 global oil price...

  • WELLINGTON, Fla. _ KLX Inc. on Wednesday reported fiscal second-quarter net income of $20.7 million. On a per-share basis, the Wellington, Florida- based company said it had net income of 40 cents. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share.

  • *Just 120 tonnes shipped to North Korea in July. BEIJING, Aug 23- China's gasoline exports to North Korea evaporated to a dribble in July, according to customs data, the strongest sign yet that the suspension of sales of the fuel by state oil major CNPC has cut critical supplies to its isolated neighbour. Customs data also showed China's trade with North Korea fell...

  • LONDON, Aug 23- Italian government bonds steadied Wednesday after a report that Germany is working on a scheme to let southern countries tap the euro zone's bailout fund for investment during downturns. The yield on Rome's benchmark debt, which moves inversely to the price, jumped as much as 9 basis points to a three-week high of 2.13 percent on Tuesday on...