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  • ZURICH, Sept 22- U.S. central banker John Williams said on Friday he does not expect any market turbulence as the Fed gets under way with reducing the huge balance sheet built during its campaign to stimulate the U.S. economy. "I don't anticipate any sudden or large effects on rates or spreads or things like that as we normalise," Williams, president of the San...

  • *UAE injunction bars Dana Gas from participating. LONDON, Sept 22- A London High Court trial on the validity of a $700 million sukuk issued by the UAE's Dana Gas will go ahead on Monday despite a UAE court injunction preventing the gas company and some of its creditors from taking part. The British trial started on Tuesday but a last-minute anti-suit injunction...

  • BERLIN— Thousands of steelworkers have gathered in western Germany in a protest over the planned merger of the European steel operations of Thyssenkrupp and Tata Steel, which is expected to cost up to 4,000 jobs. Germany's top labor union leader, Reiner Hoffmann, accused Thyssenkrupp's management of failing to take account of employees' interests, while...

  • LONDON, Sept 22- Gold recovered from a four-week low on Friday as investors sought a safe haven from geopolitical uncertainty caused by rising tensions between North Korea and the United States. North Korea said on Friday it might test a hydrogen bomb in the Pacific Ocean after Trump vowed to destroy the country, with leader Kim Jong Un promising to make a "...

  • Phillips 66 Partners said it would buy a 25 percent interest in each Dakota Access and Energy Transfer Crude Oil pipelines and a 100 percent interest in Merey Sweeny LP fuel-grade coke processing unit.

  • PARIS/ SINGAPORE, Sept 22- U.S. soybean futures rose on Friday to a six-week high, buoyed by strong export demand and weather risks to planting in South America. The Chicago Board of Trade most-active soybean contract was up 0.9 percent at $9.79-1/ 4 a bushel by 1141 GMT, close to a session high of $9.79-1/ 2- a level last reached on Aug. 10. Wheat was up 0.4 percent at $4.54-1/...

  • VIENNA, Sept 22- Output cuts by OPEC and other oil producers are clearing a supply glut that has weighed on crude prices for three years, ministers said at a meeting on Friday to review the pact that expires in March 2018. The Organization of the Petroleum Exporting Countries, Russia and several other producers have cut production by about 1.8 million barrels per...

  • *OPEC- led supply pact due to expire in March. Some ministers from the Organization of the Petroleum Exporting Countries, Russia and other producers were meeting in Vienna to discuss their deal to cut supplies that runs to March. Ministers said they would discuss extending the pact, although two OPEC sources said the group was unlikely to make a specific...

  • Sept 22- Time Inc said on Friday it was looking to sell several assets, including Time Inc UK, and warned it experienced more-than-anticipated softness in both print and advertising revenue during the current quarter. The assets identified for sale include Time Customer Service and a majority stake in the Essence magazine, the company said in a regulatory...

  • RICHMOND, Va. _ CarMax Inc. on Friday reported fiscal second-quarter profit of $181.4 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 95 cents per share. CarMax shares have risen almost 7 percent since the beginning of the year, while the Standard& Poor's 500 index has increased 12 percent.

  • Sept 22- U.S. stock index futures were slightly lower on Friday after tensions between North Korea and the United States escalated again, pushing investors to safe-haven assets. *North Korea said on Friday it might test a hydrogen bomb over the Pacific Ocean after U.S. *Trump on Thursday put more economic pressure on North Korea by ordering additional sanctions,...

  • Sept 22- Wal-Mart Stores Inc said on Friday it was testing a service in the Silicon Valley to deliver groceries straight to customers' refrigerators as it looks to gain an edge over Amazon.com. Bentonville, Arkansas- based Wal-Mart said the homeowner would be in control of the entire experience, receiving a notification that the delivery is in progress and could...

  • LONDON, Sept 22- Nickel hit a five-week low on Friday after trading fees were hiked in China to dampen speculation and steel prices slid with other metals as investors shunned risky assets after more North Korean tensions. Financial markets were rattled when North Korea said on Friday it might test a hydrogen bomb over the Pacific Ocean after U.S.

  • Sept 22- T-Mobile US Inc is close to agreeing tentative terms on a deal to merge with peer Sprint Corp, people familiar with the matter said, a major breakthrough in efforts to merge the third and fourth largest U.S. wireless carriers. Japan's SoftBank Group Corp, which controls Sprint, will own between 40 and 50 percent of the combined company, two of the sources said...

  • Sept 22- Magazine publisher Time Inc said it was looking to sell several assets, including Time Inc UK, Time Customer Service and a majority stake in the Essence magazine. The New York- based publisher of Sports Illustrated, People and namesake Time also said it experienced softness in both print and advertising revenue during the current quarter relative to the...

  • EXCLUSIVE-T-MOBILE US AND SPRINT CORP CLOSE TO AGREEING MERGER TERMS, SOFTBANK TO OWN 40 PERCENT OF COMBINED COMPANY-SOURCES.

  • Sept 22- Proxy advisory firm Glass Lewis& Co LLC is recommending that Procter& Gamble shareholders vote Trian Fund Management LP's Nelson Peltz to the consumer goods company's board, Trian said on Friday. Activist hedge fund Trian disclosed a $3.5 billion stake in P&G earlier this year and announced the nomination of its co-founder Peltz to the company's board.

  • TOKYO, Sept 22- The 11 nations remaining in the Trans-Pacific Partnership after the United States withdrew have inched closer to a comprehensive deal, offering hope that major countries can maintain free trade in the face of U.S. protectionism, a negotiator said on Friday. Negotiators met for two days in the Japanese capital, Tokyo, to discuss what parts of the...

  • TOKYO, Sept 22- The 11 nations remaining in the Trans-Pacific Partnership after the United States withdrew have inched closer to a comprehensive deal, offering hope that major countries can maintain free trade in the face of U.S. protectionism, a negotiator said on Friday. Negotiators met for two days in the Japanese capital, Tokyo, to discuss what parts of the...

  • TOKYO, Sept 22- The 11 nations remaining in the Trans-Pacific Partnership after the United States withdrew have inched closer to a comprehensive deal, offering hope that major countries can maintain free trade in the face of U.S. protectionism, a negotiator said on Friday. Negotiators met for two days in the Japanese capital, Tokyo, to discuss what parts of the...