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Wires

  • Sept 20- The S&P and the Dow were little changed on Wednesday but hovered near record levels as investors waited to hear from the Federal Reserve on future interest rate hikes this year while the tech-heavy Nasdaq was pulled lower by a drop in Apple. Fed Chair Janet Yellen will hold a press conference half an hour later, which will be closely watched for views on...

  • *Wall Street little changed in early New York trading. NEW YORK, Sept 20- U.S. stocks and the dollar were steady on Wednesday with investors cautious ahead of a U.S. "If they are slightly more dovish in their language, I think you could see a reversal in the banks, but I don't see a lot of activity," said Aaron Clark, portfolio manager at GW&K Investment Management.

  • PARIS— Researchers say Islamic State supporters have found an ephemeral platform to share propaganda on Instagram, using the service's "stories" feature which sees posts disappear in 24 hours. Instagram is owned by Facebook, which has come under pressure to close accounts linked to Islamic State supporters after governments said they were being used as...

  • Sept 20- U.S. crude oil stockpiles jumped last week as imports and production increased, while distillate inventories fell the most in nearly six years and gasoline inventories also declined, as the Gulf Coast recovers from the impact from Hurricane Harvey, the Energy Information Administration said on Wednesday. "The impact of Hurricane Harvey can still be...

  • BERLIN— German officials say there's no sign of concerted cyberattacks aimed at influencing the outcome of the country's upcoming election, but are warning against giving the all-clear yet. Security officials have warned that Russia in particular might attempt to destabilize Germany by promoting extremist parties in Sunday's vote.

  • CHICAGO, Sept 20- Parents who are counting on savings in 529 plans to pay for college this year or next could be in for an unpleasant surprise. Right when they need the money most to cover costs for tuition and dormitory rooms, they could find their 529 stash has dwindled. Most 529 money for students about to go to college is placed in bonds by fund managers.

  • SAO PAULO, Sept 20- Brazil's state-run oil company Petróleo Brasileiro SA Chief Executive Pedro Parente on Wednesday said it is unclear when talks with the government regarding a revision of the so-called' transfer of rights' contract will be concluded. Through the contract, signed in 2010, the government exchanged exploratory rights over some high...

  • Sept 20- General Mills Inc reported a smaller-than-expected quarterly profit as yogurt and cereal sales declined in North America, sending the company's shares down 9 percent to their lowest levels in nearly two years. Despite the efforts, organic sales in North America, the largest contributor to the company's revenue, fell 5 percent, driven by double-digit...

  • Speaking at the Bloomberg Global Business Forum in New York, Fink also said the world's largest asset management company has seen more interest from investors in environmental, social and corporate governance issues as a result of the United States potentially leaving the Paris climate pact.

  • *Prosecutors seek 500,000 euros from Kengeter to settle. FRANKFURT, Sept 20- Support for Deutsche Boerse CEO Carsten Kengeter on the exchange group's supervisory board is weakening as investigations into insider trading allegations drag on, according to a person with knowledge of the matter. Last week, Kengeter won a reprieve when the board of the German...

  • *Kiwi jumps as poll shows National Party leads before election. The U.S. central bank is expected to release its latest policy statement at 2 p.m. after a two-day meeting where investors expected policymakers would decide to embark on a reduction of the Fed's $4.5 trillion balance sheet in October. "It's not going to be so significant for the dollar at this stage,"...

  • *Kiwi jumps as poll shows National Party leads before election. The U.S. central bank is expected to release its latest policy statement at 2 p.m. after a two-day meeting where investors expected policymakers would decide to embark on a reduction of the Fed's $4.5 trillion balance sheet in October. "It's not going to be so significant for the dollar at this stage,"...

  • *Kiwi jumps as poll shows National Party leads before election. The U.S. central bank is expected to release its latest policy statement at 2 p.m. after a two-day meeting where investors expected policymakers would decide to embark on a reduction of the Fed's $4.5 trillion balance sheet in October. "It's not going to be so significant for the dollar at this stage,"...

  • *Kiwi jumps as poll shows National Party leads before election. The U.S. central bank is expected to release its latest policy statement at 2 p.m. after a two-day meeting where investors expected policymakers would decide to embark on a reduction of the Fed's $4.5 trillion balance sheet in October. "It's not going to be so significant for the dollar at this stage,"...

  • *France- backed turnover tax seen as short-term solution). BRUSSELS, Sept 20 (Reuters)- The European Commission said the EU should proceed with an overhaul of taxes on digital firms even if the rest of the rich world did not follow suit, a draft report said. The document is part of an EU push to tap more revenues from online multinationals such as Amazon and Facebook, who...

  • DETROIT— A federal court filing says money stolen from the UAW-Chrysler National Training Center was laundered through a fake Detroit- area hospice center. The Detroit News and Detroit Free Press report that Tuesday's filing is a government forfeiture complaint that seeks to keep $292,000 seized from bank accounts connected to Hospice of Metropolitan...

  • REPORT ON REPRISALS AGAINST HUMAN RIGHTS ACTIVISTS LISTS COUNTRIES INCLUDING CHINA, INDIA, IRAN, ISRAEL, PAKISTAN, SAUDI ARABIA, MYANMAR, TURKEY, VENEZUELA.

  • PARIS, Sept 20- AXA has talked to BNP Paribas and Natixis in its search for a partner for its fund management arm, aiming to build a business with at least 1 trillion euros of assets under management, sources familiar with the matter told Reuters. Under new chief executive Thomas Buberl, the French insurer is looking for ways to boost profitability at its asset...

  • TORONTO, Sept 20- Canada's main stock index rallied to an almost 12- week high on Wednesday with Air Canada and energy stocks driving broad gains as investors awaited the outcome of the U.S. Canadian Natural Resources rose 1.7 percent to C $41.16, while Encana Corp advanced 1.9 percent to C $13.35. At 10:13 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite...