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  • LONDON, Aug 16- The euro recovered on Thursday from its weakest since June 2017 and the dollar fell after news that a Chinese delegation will travel to the United States for trade talks, with investors buying back into currencies hit hard in the recent sell-off. "That China and the U.S. are beginning to talk again is supporting the market," said Commerzbank...

  • BENGALURU, Aug 16- Gold clawed back from a 19- month low on Thursday on short-covering and as the U.S. dollar softened following news that Beijing will hold trade talks with Washington late this month. A Chinese delegation led by Vice Minister of Commerce Wang Shouwen will meet with U.S. representatives led by Under Secretary of Treasury for International...

  • HELSINKI, Aug 16- Finnish retailer Stockmann reported better-than-expected second-quarter results on Thursday, thanks to increased sales at its fashion chain Lindex, but warned that its department stores would remain in the red in the full year. Its second-quarter adjusted operating profit rose to 24 million euros from 15 million euros a year ago, compared...

  • HONG KONG, Aug 16- China's leading online parenting firm Babytree Group, backed by e-commerce giant Alibaba Group, plans to raise up to $1 billion in a Hong Kong initial public offering in October, people close to the transaction told Reuters. Babytree, which also counts conglomerate Fosun International among its backers, is looking to raise $800 million to $1...

  • ALIBABA BACKED ONLINE PARENTING FIRM BABYTREE GROUP PLANS TO RAISE UP TO $1 BLN IN HONG KONG IPO- SOURCES.

  • BABYTREE GROUP TARGETING VALUATION BETWEEN $3 BLN-$5 BLN - SOURCES.

  • TEL AVIV, Aug 16- Israel's largest lender Bank Hapoalim reported higher quarterly net profit that topped estimates, but put its second quarter dividend on hold for now due to a U.S. tax evasion investigation. "Yet, for reasons of conservatism and in coordination with the Bank of Israel, the board of directors did not declare a distribution of dividend from second...

  • JOHANNESBURG, Aug 16- Gold Fields' plan to cut jobs at its struggling South African mine fails to address "poor management," mining minister Gwede Mantashe said on Thursday, piling pressure on chief executive Nick Holland. South Deep, the company's last South African asset, has faced operational obstacles in a tough geological setting 3 km below the surface and has...

  • SHANGHAI, Aug 16- China's central bank has restricted commercial banks from using some interbank accounts to deposit or lend yuan offshore through free trade zone schemes, two sources with direct knowledge of the matter said on Thursday. The move was announced in a notice by the Shanghai branch of the People's Bank of China on Thursday morning, the sources said.

  • LONDON, Aug 16- European shares bounced back on Thursday after Beijing said it would hold trade talks with the U.S. in Washington later this month, spurring a recovery in investors' risk appetite on hopes of a trade war thaw. Europe's STOXX 600 rose 0.2 percent, clawing back some of the previous session's losses which had taken it to a six-week low as emerging markets...

  • MILAN, Aug 16- Shares in Italy's Atlantia and other toll road operators came under heavy pressure on Thursday after the government said it would look to revoke a motorway concession and tighten rules after a deadly bridge collapse. Shares in Atlantia, whose Autostrade per l'Italia unit manages the motorway that collapsed in the Italian city of Genoa killing at...

  • *Shanghai stocks lower, blue-chip CSI300 index down. *Gains in Shanghai stocks led by Tianjin Quanyechang Group Co Ltd and losses by Butone Information Corporation XiAn. **China's yuan weakened to a 15- month low against the dollar on Wednesday and flirted with a key support level not seen since 2008 as the dollar extended gains and a raft of data pointed to further...

  • *Beijing to send delegation to Washington in late August. SINGAPORE, Aug 16- Oil prices on Thursday clawed back some of the previous day's losses after Beijing said it would send a delegation to Washington to try to resolve a trade dispute between the United States and China that has roiled global markets. Brent crude oil futures were at $71.11 per barrel at 0712...

  • MILAN, Aug 15- Italy's anti-establishment government, outraged at the deadly collapse of a 50- year-old bridge, has presented the disaster as a warning to Brussels to give it more leeway to upgrade the country's ageing infrastructure. Gustavo Piga, economics professor at Rome's Tor Vergata University, said regardless of EU rules, Rome had not always...

  • *ITALY'S EDIZIONE SAYS THAT, AS TOP SHAREHOLDER IN ATLANTIA, WILL DO EVERYTHING IN ITS POWER TO ESTABLISH WHAT HAPPENED IN GENOA AND WHO IS RESPONSIBLE Further company coverage:.

  • PARIS, Aug 16- The major trade unions representing Air France KLM staff issued a joint statement on Thursday to protest the likely choice of Air Canada executive Benjamin Smith as Air France KLM's new chief executive. The French state has a 14 percent stake in Air France-KLM, while Delta Airlines and China Eastern Airlines each hold 8.8 percent.

  • *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 as Beijing looks to accelerate infrastructure spending to boost the cooling economy. China gave the greenlight to 17 fixed-asset investment projects in July, worth a combined 77.69 billion...

  • ITALY'S EDIZIONE SAYS THAT, AS TOP SHAREHOLDER IN ATLANTIA, WILL DO EVERYTHING IN ITS POWER TO ESTABLISH WHAT HAPPENED IN GENOA AND WHO IS RESPONSIBLE.

  • BEIJING, Aug 16- Foreign direct investment into China increased 2.3 percent in the first seven months this year to 496.7 billion yuan, compared with the same year-earlier period, China's Ministry of Commerce said on Thursday.

  • TOKYO, Aug 16- Japan's Nikkei ended lower on Thursday after paring early losses following news of fresh talks between China and the United States, which raised hopes of a potential thaw in their trade war and weakened the yen. The Nikkei was deeply in negative territory in morning trade, but erased early losses at the midday break after China's commerce...