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  • WASHINGTON, Aug 15- U.S. retail sales rose more than expected in July as households boosted purchases of motor vehicles and clothing, suggesting the economy remained strong early in the third quarter. Strong domestic demand supports expectations the Federal Reserve will raise interest rates in September for the third time this year, despite volatility in...

  • Aug 15- U.S. stock indexes fell on Wednesday in a broad-based decline, hurt by concerns over the strong dollar and Turkey's currency crisis, as well as the trade tensions with U.S. trading partners that have dominated the first half of 2018.. While the lira continues to pull back from record lows against the dollar, Turkey on Wednesday doubled tariffs on some U.S....

  • LONDON, Aug 15- Tough new rules on marine fuel are forcing shipowners to explore liquefied natural gas as a cleaner alternative and ports such as Gibraltar are preparing to offer upgraded refueling facilities in the shipping industry's biggest shake-up in decades. To scoop up some that market, the British territory of Gibraltar is in the process of launching...

  • Aug 15- Uber Technologies Inc:. *UBER HAS BEEN SPENDING BETWEEN $125 MILLION AND $200 MILLION A QUARTER ON ITS SELF-DRIVING CAR UNIT OVER THE PAST 18 MONTHS- THE INFORMATION. *UBER HAS INVESTED LEAST $2 BILLION IN THE SELF-DRIVING CAR UNIT OVER THE PAST THREE YEARS- THE INFORMATION Source http://bit.ly/2KVr6Uk Further company coverage:.

  • UBER HAS INVESTED LEAST $2 BILLION IN THE SELF-DRIVING CAR UNIT OVER THE PAST THREE YEARS- THE INFORMATION.

  • SOME INVESTORS HAVE TOLD UBER OFFICIALS THAT IT MAY BE WISE TO DIVEST SELF-DRIVING CAR UNIT- THE INFORMATION, CITING SOURCE.

  • LONDON, Aug 15- European shares slipped into negative territory on Wednesday after a doubling by Turkey of tariffs on some U.S. imports soured sentiment and weak commodity prices impacted miners. "In a market highly sensitive to downside sentiment, todays Tencent result could prove a fresh catalyst for continued emerging market pressure," said Douglas Morton...

  • UBER HAS BEEN SPENDING BETWEEN $125 MLN AND $200 MLN A QUARTER ON ITS SELF-DRIVING CAR UNIT OVER THE PAST 18 MONTHS- THE INFORMATION.

  • NEW YORK, Aug 15- Oil futures fell more than $1 a barrel on Wednesday, pressured by a weaker global economic growth outlook and a report of rising U.S. crude inventories even as Washington's sanctions on Iran looked likely to curb that country's crude supplies. "Oil bears are taking their turn in the driving seat," said Stephen Brennock, analyst at London broker PVM...

  • *Platinum hits lowest since November 2008. The advancing dollar and worries of continued oversupply also pushed platinum and palladium to their lowest since November 2008 and July 2017 respectively. Spot gold was down 1 percent at $1,181.41 an ounce by 1338 GMT, after hitting its lowest since early January 2017 at $1,180.48.

  • WASHINGTON, Aug 15- The Turkish lira is significantly below fair value at the moment and should strengthen over the next one to two years as Turkey's economy slows and exports gain strength, improving the country's balance of payments outlook, economists for the Institute of International Finance said on Wednesday. Speaking on a media conference call about...

  • OTTAWA, Aug 15- Resales of Canadian homes rose 1.9 percent in July from June, notching their third straight monthly increase, but rising interest rates and tighter mortgage rules will remain a headwind, the Canadian Real Estate Association said on Wednesday. CREA Chief Economist Gregory Klump said the improving national sales data obscure significant...

  • MOSCOW/ KIEV, Aug 15- Some Russian ships have stopped transporting cargo to Ukraine, deeming it risky after a Russian tanker was detained in a Ukrainian port as Kiev made good on sanctions against Moscow, two sources at shipowners said. The vessel is owned by VEB-Leasing, part of Russian banking group VEB and among Russian companies subject to sanctions imposed by...

  • LONDON, Aug 15- A long-acting injection developed by GlaxoSmithKline and given once a month has proved as effective as standard daily pills for controlling the AIDS virus, lifting prospects for the British drugmaker's key HIV business. GSK's majority-owned ViiV Healthcare unit said on Wednesday the experimental two-drug injection of cabotegravir and...

  • Macy's stock was down at $37.99 in morning trading, after having surged 66 percent this year- far outperforming the S&P 500 retailing index. "Macy's shares may be selling off this morning as result of profit taking, despite healthy second-quarter beat and raised full-year guidance," RBC Capital Market analyst Brian Tunick said. Research firm Retail Metrics...

  • ANNABA, Algeria, Aug 15- Algeria has signed deals to provide gas to Spain and to Italy's Eni as it negotiates new gas contracts with European partners, the head of Algerian state energy firm Sonatrach Abdelmoumen Ould Kaddour said on Wednesday. Algeria has signed a nine-year deal to supply Spain with nine billion cubic meters of gas per year, as well as a deal to...

  • *Italy starts audit of bridges, tunnels. GENOA, Italy, Aug 15- Rescuers hunted for survivors among towering slabs of wreckage on Wednesday after a bridge collapse that killed 39, as furious government ministers rounded on the viaduct's operator, saying it should pay fines and compensation and lose its concession. The 50- year-old bridge, part of a toll motorway...

  • LONDON, Aug 15- "It is just not credible that the United States can remain an oasis of prosperity unaffected by a world that is experiencing greatly increased stress," opined Alan Greenspan almost exactly 20 years ago. With the dollar's surge and Turkey's crisis threatening a far deeper implosion across emerging markets, his words are just as relevant today: how...

  • Aug 15- U.S. stocks opened lower on Wednesday as investors assessed the impact of Turkey's currency crisis and escalating trade tensions between the United States and its trading partners. The Dow Jones Industrial Average fell 64.55 points, or 0.26 percent, at the open to 25,235.37. The S&P 500 opened lower by 12.01 points, or 0.42 percent, at 2,827.95.

  • TORONTO, Aug 15- The Canadian dollar weakened against its U.S. counterpart on Wednesday as oil prices fell and a 13- month high for the greenback pressured emerging markets and global stocks. Stocks have been volatile in recent days due to the prospect of an economic crisis in Turkey spreading to other emerging market countries, particularly those that borrow...