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  • *China, U.S. to hold trade talks this month. Aug 16- U.S. stock indexes rose about 1 percent on Thursday, helped by upbeat earnings from Walmart and Cisco and easing trade worries after the United States and China said they would hold talks later this month. Cisco rose 3.7 percent after posting quarterly results and first-quarter sales forecast that topped Wall...

  • ISTANBUL— Beset by a shaky currency and tension with the United States, Turkey is reaching out to Europe to shore up relations with major trading partners despite years of testy rhetoric and a stalled bid for EU membership. Also this week, Qatar pledged $15 billion in investments in Turkey and Russia's foreign minister talked about using national currencies...

  • Long-term U.S. mortgage rates declined this week for the second straight week.

  • ISTANBUL— A small number of Turks are responding to their president's call to boycott American electronic goods by posting videos in which they smash iPhones with bats, hammers and other blunt instruments. In one video, a man collects iPhones from several youths squatting in front of a Turkish flag, lays the devices on the ground and pounds them with a...

  • GENOA, Italy, Aug 16- Investors dumped shares in Italy's biggest toll-road operator on Thursday and the government said it could impose a heavy fine or revoke its concession over a bridge collapse that killed at least 38 people. Shares in other toll-road firms such as SIAS and ASTM also fell, after Deputy Prime Minister Luigi Di Maio said the state would have to...

  • WASHINGTON/ NEW YORK, Aug 16- The Trump administration on Thursday said it was proposing that U.S. pharmaceutical companies cut production of the six most abused opioids by 10 percent next year, in an effort to reduce the number of drugs potentially diverted for trafficking. In a joint statement, the U.S. Justice Department and Drug Enforcement Administration...

  • *FTSE 100 up 0.8 pct. LONDON, Aug 16- The UK's top share index edged higher on Thursday, led by a strong rise in beaten-down mining stocks as news of fresh U.S.- China trade talks lifted sentiment across markets and sectors. The blue chip FTSE 100 closed up 0.8 percent at 7,556.38 points while mid caps rose 0.7 percent.

  • WASHINGTON, Aug 16- U.S. homebuilding rebounded less than expected from a nine-month low in July, suggesting the housing market was likely to tread water for the rest of this year against the backdrop of rising construction costs and labor shortages. New filings for jobless benefits fell again last week, other data showed on Thursday, pointing to sustained labor...

  • NEW YORK, Aug 16- Walmart Inc posted its best quarterly U.S. sales growth in a decade and upped full-year sales and profit outlooks on Thursday, sending shares surging as a jump in online and grocery purchases showed it can hold its own against Amazon.com Inc.. Chief Executive Greg Foran said on an earnings conference call, praising sales in produce, meat and bakery.

  • US 10-YEAR TREASURY YIELDS RISE TO SESSION HIGH OF 2.888 PCT.

  • *Italy's FTSE MIB falls 1.5 pct. LONDON, Aug 16- European shares recovered on Thursday after Beijing said it would hold trade talks with the United States this month, spurring risk appetite, although Italian shares fell sharply as Atlantia sank. Italy's government said it could strip the group's Autostrade unit of its motorway concession or seek heavy fines...

  • TESLA'S INTERNAL LEGAL STAFF BELIEVES PRIVATE LITIGATION COULD BE MORE COSTLY THAN ANY POSSIBLE SEC FINE- FOX BUSINESS' GASPARINO.

  • TESLA'S LEGAL TEAM BRACING FOR BILLIONS OF DOLLARS IN POTENTIAL LIABILITY FROM PRIVATE LAWSUITS OVER MUSK'S TWEET- FOX BUSINESS' GASPARINO.

  • BUENOS AIRES, Aug 16- Argentina's central bank said on Thursday it hiked reserve requirements by 3 percentage points for the country's largest banks as it tries to keep its plan for reducing short-term debt from adding to already high inflation. Separately, the central bank has agreed to a $4 billion currency swap with China to boost its reserves, local news...

  • In a joint statement, the U.S. Justice Department and Drug Enforcement Administration said the proposed reduction would be in keeping with President Donald Trump's effort to cut opioid prescription fills by one-third within three years.

  • NEW YORK, Aug 16- The U.S. dollar eased off a 13-1/ 2 month peak on Thursday, while the Chinese yuan recovered from its weakest level since January 2017 on news China and the United States will hold a new round of trade talks later this month. The development between the world's two biggest economies offered hope for investors who have been rattled by tit-for-tat...

  • JOHANNESBURG, Aug 16- Members of South Africa's AMCU mining union are ready to strike for a year if necessary and would bring the platinum belt to a standstill if Impala Platinum carries out plans to cut up to 13,400 jobs, the union's president said on Thursday. "No-one scares us, five months was nothing," said a visibly angry Mathunjwa before thousands of his members,...

  • "There's still an overhang from the report yesterday," said John Kilduff, a partner at Again Capital Management in New York. China and the United States have implemented several rounds of tit-for-tat trade tariffs and threatened further duties on exports worth hundreds of billions of dollars, which could knock global economic growth. Brent crude oil futures...

  • *Turkey will navigate U.S. sanctions with Germany, Russia, China. ISTANBUL, Aug 16- Finance Minister Berat Albayrak assured international investors on Thursday that Turkey would emerge stronger from its currency crisis, insisting the country's banks were healthy and signalling it could ride out a row with the United States. Many countries had been the target of...

  • Penney Co Inc shares sank below $2 for the first time on Thursday after it said it had alienated core middle-aged customers while chasing millennial buyers, and the venerable brand forecast an unexpectedly large loss. The company's shares fell more than 27 percent to $1.75 in morning trading, the lowest since it listed on the New York Stock Exchange a week...