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  • The first workers to review a proposed labour pact at Chile's Escondida are in favour of signing the new contract, a union spokesman said on Thursday, following news that a strike was on hold at the mine. "Copper price eased on the back of Escondida looking like its fully negotiated a contract," ETF Securities analyst Nitesh Shah. President Donald Trump has rattled...

  • Aug 17- German bond yields returned to one-month lows on Friday as the threat of more U.S. sanctions on Turkey hit the lira once again, boosting demand for safe haven assets such as high-grade euro zone government debt. A currency crisis in Turkey has sparked a global market selloff in recent days, and investors have instead retreated to safe havens such as German...

  • GENOA, Aug 17- More than a long shot, it would be a miracle. But firefighters lifting away tons of rubble from the Genoa bridge collapse have not given up hope of finding someone alive three days after the disaster that killed at least 38 people. One of the rescuers, Stefano Zanut, said there was still the possibility that someone might be trapped alive in what he called "...

  • Aug 17- U.S. stock index futures dipped on Friday as dour forecasts from Applied Materials and Nvidia weighed on shares of chipmakers and a recovery in Turkey's lira ran out of steam. The lira weakened roughly 6 percent against the dollar after a U.S. warning that Ankara should expect more sanctions unless it hands over detained American evangelical pastor,...

  • SAN FRANCISCO, Aug 17- A steep downturn in heavyweight Chinese internet stocks and recent weakness in half of the so-called FANG group have some investors worried that a key component of Wall Street's near-decade long rally may be low on fuel. Backed up by strong earnings growth and investor confidence in Silicon Valley's innovation track record, the S&P 500...

  • LONDON, Aug 16- Swept along by super-easy money, investors have debated for years how world markets will react when this central bank largesse inevitably ends. Federal Reserve, European Central Bank, Bank of Japan and the Bank of England- have pumped around $13 trillion into the global economy since the crisis year of 2009, sharply expanding their own balance...

  • BOSTON, Aug 17- Information about Elon Musk's efforts to take Tesla Inc private is scarce. Adam Grossman, principal of Mayport Wealth Management in Newton, Massachusetts said he has avoided owning Tesla for clients except through indexes, partly to limit the risk of missing out on color Musk could share with a small circle. "If you're a big portfolio manager and...

  • Aug 17- Federal Reserve Chair Jerome Powell and other central bankers meeting in Grand Teton National Park next week plan a deep dive into the root causes of stubbornly low inflation, slow wage growth and tepid productivity gains, all of which have dogged growth in the United States and other developed economies for years. The Kansas City Fed, which each year in...

  • SYDNEY, Aug 17- An Australian court quashed an indigenous group's bid to block Indian resource conglomerate Adani Enterprises Ltd from developing its controversial Carmichael coalmine on Friday, clearing one of the final legal hurdles to its development. It was also challenged in Australia's Federal Court by the some members of the Wangan and Jagalingou...

  • MILAN, Aug 17- Italian toll-road group Atlantia has called special board meetings next week to discuss the deadly collapse of a bridge it operates in Genoa, a source said on Friday. Autostrade per l'Italia, the Atlantia unit that manages the stretch of motorway in northern Italy where the bridge is located, is expected to hold a board meeting on Tuesday while the...

  • NEW DELHI/ BENGALURU, Aug 17- India on Friday allowed import of petcoke for use as feedstock in some industries, sending shares of cement manufacturers higher. As the world's largest consumer of petcoke, India imports over half its annual petcoke consumption of about 27 million tonnes, mainly from the United States. Local producers include Indian Oil Corp,...

  • *S&P to release review of Turkey's debt rating. ISTANBUL, Aug 17- Turkey's battered lira weakened more than 6 percent against the dollar on Friday, after a U.S. warning that Ankara should expect more economic sanctions unless it hands over detained American evangelical pastor Andrew Brunson. The currency crisis has deepened concerns about the broader economy-...

  • LONDON, Aug 17- Gold recovered some ground on Friday as a weakening of the dollar relieved pressure on prices, but the metal remained near 19- month lows and looked set for its biggest weekly fall since May 2017. But news of planned U.S.- China trade talks and a steadying of Turkey's lira have steadied nerves. From a 13- month high on Wednesday against a basket of...

  • BEIJING, Aug 17- China's largest lithium battery maker Contemporary Amperex Technology Ltd plans to begin producing in 2019 next-generation nickel-rich batteries, which are cheaper to make and have longer life-spans, according to an internal company presentation and a company source. It has come off those levels as cobalt supply- most of which is from the...

  • MOSCOW, Aug 17- Russia's agriculture ministry said it held a meeting on Friday with grain exporters to discuss export volumes. Traders, including some who were at the meeting, said the ministry will consider curbing 2018/ 19 exports once they reach 30 million tonnes following a request from meat producing regions, but added no decision had been made about how this...

  • MOLINE, Ill.— Deere& Co. on Friday reported fiscal third-quarter profit of $910.3 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.77 per share. Five analysts surveyed by Zacks expected $9.17 billion.

  • JOHANNESBURG, Aug 17- South Africa's rand weakened 2 percent against the dollar, tracking its emerging market peers lower as the Turkish lira slid. Emerging market currencies were under fresh pressure on Friday, with Turkey's lira fell 7 percent to the dollar despite central bank measures earlier in the week. The rand's weakness this week has also come after...

  • SHANGHAI, Aug 17- One of China's biggest debt rating agencies has been punished by the country's securities regulator and a supervisory group under the central bank, in a rare rebuke that underscores Beijing's concern about credit risks at a time of slowing economic growth. China's credit ratings industry has a reputation for providing favourable ratings...

  • AMSTERDAM/ PARIS, Aug 17- Air France-KLM shares fell on Friday in response to the hostile reception from unions to the company's new boss Benjamin Smith, while the airline's Dutch pilots threatened to strike over working conditions. Air France-KLM shares fell 4 percent and were among the worst-performing stocks on Paris' SBF-120 index. "Driving the share price...

  • *India in March raised import tax on palm oil to 54 pct. *Buys palm oil from Indonesia and Malaysia. MUMBAI, Aug 17- India's palm oil imports are likely to fall 15 percent in 2017/ 18 from the year before to their lowest in six years, hit by a hike in import taxes, a weaker rupee and tighter credit for would-be buyers, a senior industry official told Reuters.