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  • NEW YORK, Aug 17- Two of the world's largest energy-focused hedge funds, Andurand Capital and BBL Commodities, suffered double-digit percentage losses in July as oil prices plunged by the most in two years, sources familiar with the matter told Reuters on Friday. Andurand Capital's Commodities Fund lost 15.2 percent in July, bringing the fund's performance to a...

  • SAO PAULO, Aug 17- Brazilian meatpacker Marfrig Global Foods SA has agreed to sell its U.S. subsidiary, a key McDonald's supplier, to Tyson Foods Inc for $2.5 billion, two people with knowledge of the matter told Reuters on Friday. In a note to clients, Itaú BBA equities team said the news is "negative for the stock," as the market hoped for a higher valuation of up to $3...

  • "One of the biggest concerns out there is that China's demand numbers are coming down if China's GDP growth is slowing," said Tariq Zahir, managing member at Tyche Capital in New York. Brent crude oil futures were up 47 cents at $71.90 a barrel by 11:29 a.m. EDT, after rising over $1 to hit a high of $72.44 a barrel. West Texas Intermediate crude futures rose 49 cents to...

  • *Chip stocks fall on weak Nvidia, AMAT forecasts. Aug 17- The Nasdaq fell on Friday as weak forecasts from chipmakers Nvidia and Applied Materials pushed technology stocks lower, while gains in the defensive telecoms and consumer staples companies helped buttress the S&P 500 and the Dow Industrials. Chipmaker Nvidia dropped 4.5 percent, while chip equipment...

  • NEW YORK, Aug 17- The summer roller-coaster in two of the four big-cap' FANG' names- Facebook Inc, Amazon.com Inc, Netflix Inc and Google-parent Alphabet Inc- has led to a shift, albeit slight, into value stocks. Funds that follow a value investing strategy attracted $791 million in July and August, reversing a trend in the first half of the year, when investors withdrew...

  • Steel plans to spend at least $750 million to upgrade a century-old steel mill along northwestern Indiana's Lake Michigan shoreline. Company and government officials said Thursday that the project will help preserve Gary Works' nearly 3,900 steelworker jobs, and could help ensure the 112- year-old mill lasts another century. Indiana is rewarding the...

  • WASHINGTON, Aug 17- Panama on Friday will sign an agreement with the U.S. Malpass is in Panama for the signing and the inauguration of a major new LNG terminal and 381- megawatt gas-fired power plant in Colon, Panama, run by U.S. power company AES Corp.. In 2017, French utility Engie and AES established a joint venture to market and sell LNG to third parties in Central...

  • *Smaller wheat crops in France, Germany, Britain and Poland. In top producer France a rapid harvest ended in early August while in Germany and Poland almost all the wheat has now been cut. "The smaller crop will very sharply cut German wheat exports but means domestic milling supplies are reasonable, perhaps needing topping up with some milling imports from other...

  • NEW YORK/ WASHINGTON, Aug 17- U.S. The SEC is an independent commission-led agency, and the president cannot force it to implement rule changes. "I'd like to see twice, but we're going to see," Trump later said to reporters outside the White House, when asked about his tweet about changing SEC reporting requirements.

  • JOHANNESBURG, Aug 17- South Africa's rand weakened against the dollar on Friday, tracking its emerging market peers lower as the Turkish lira slid. The rand's weakness this week comes after concerns over South Africa's economic outlook. The market recovered in tandem with South Africa's Naspers shares, which rose 1.08 percent to 3,180 rand, after weakening...

  • DUBAI, Aug 17- Saudi state oil giant producer Saudi Aramco is still committed to meeting future oil demand through continued investments, the kingdom's Energy Minister Khalid Al Falih said in a company report on Friday.

  • 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 including high-grade euro zone government debt. Christian pastor's appeal for release, a day after Washington warned of further sanctions unless Ankara freed him. The European Central Bank...

  • LONDON, Aug 17- The British pound inched higher on Friday as the dollar fell across the board, and some traders saw a buying opportunity after data this week pointed to the UK economy holding up relatively well. Worries about whether Britain can agree a trade deal with the European Union over coming months to avoid a sudden and disorderly exit from the bloc...

  • ATLANTIC CITY, N.J.— The reigning Miss America says she has been bullied, manipulated and silenced by the pageant's current leadership, including Gretchen Carlson. Gretchen Carlson is chairwoman of the Miss America Organization; Regina Hopper is its CEO. Her letter exponentially increased the turmoil surrounding the pageant three weeks before the next Miss...

  • President Donald Trump on Friday said the United States was not going to take Turkey's detention of U.S. Christian pastor Andrew Brunson "sitting down," a day after his Treasury chief said Washington could hit Ankara with further sanctions. "They should have given him back a long time ago, and Turkey has in my opinion acted very, very badly," Trump told reporters at the...

  • DUBAI, Aug 17- Saudi state oil giant producer Saudi Aramco is still committed to meeting future oil demand through continued investments, the kingdom's Energy Minister Khalid Al Falih said in a company report on Friday.

  • NAIROBI, Aug 17- Uber the global ride-hailing company, is considering expanding into two other East African countries before the end of 2018, focusing on low cost services like Chap Chap in Kenya, the company said on Friday. In Kenya, East Africa's richest economy per capita, Uber competes with Estonian ride-hailing firm Taxify, Nairobi- based Mondo Ride and...

  • *China, U.S. to hold lower-level trade talks in late August. NEW YORK, Aug 17- The dollar fell against a basket of peers on Friday, amid lower demand for the safe-haven greenback, as traders hoped next week's trade talks between the United States and China would ease tensions between the two countries. Next week's lower-level trade talks between China and the United...

  • OTTAWA, Aug 17- Canada's annual inflation rate surged to 3.0 percent in July, its highest level in nearly seven years, raising expectations that the Bank of Canada might raise interest rates again as soon as next month and pushing the Canadian dollar higher. "This certainly raises the probability of a move in September by the Bank of Canada, but there's going to have...

  • NEW YORK, Aug 17- Another steep decline in the Turkish lira on Friday pushed emerging market equities lower and kept other world markets cautious, overshadowing hopes that an upcoming U.S.- China meeting would relieve concerns over trade tariffs. MSCI's All-Country World index, which tracks shares in 47 countries, fell less than 0.1 percent, leaving the index...