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  • BLACKROCK'S FINK SAYS MOVE FROM MULTILATERALISM TO UNILATERIALSM COULD SPUR AN ALTERNATIVE PAYMENT SYSTEM.

  • *Shanghai shares hit 8- week high, helped by MSCI news. NEW YORK, Sept 26- An advance in Chinese equity markets set a modestly positive tone for world stocks on Wednesday, despite continued trade tensions with the United States, as investors awaited an expected interest rate increase by the U.S. The U.S. dollar rose to a one-week high in anticipation of the hike, which...

  • *Fed policy statement due at 2 p.m. ET. Sept 26- Healthcare stocks helped prop up Wall Street on Wednesday, although banks slipped ahead of a widely expected interest rate hike by the U.S. "If the Fed raises short-term interest rates, that serves to flatten the yield curve and banks want a steeper yield curve," said Linda Duessel, Senior Equity Strategist at Federated...

  • PUTRAJAYA, Malaysia— The wife of former Malaysian Prime Minister Najib Razak was grilled by the anti-graft agency for nearly 13 hours Wednesday over alleged theft and money laundering involving the 1 MDB state investment fund. Rosmah Mansor arrived at 10 a.m. after being summoned for a second time since June 5 and left the agency's building at about 10:40 p.m....

  • *Plan will strengthen Qatar amid row with Gulf neighbors. DUBAI, Sept 26- Qatar announced plans on Wednesday to boost its liquefied natural gas production capacity, which will put the tiny state at par with top energy exporters in an apparent show of strength amid a protracted political row with Gulf neighbors. Qatar is one of the Organization of the Petroleum...

  • GENEVA, Sept 26- The supreme court of world trade will be running on fumes from the end of this month after the United States turned down a last-ditch petition to reappoint one of the four remaining judges at the World Trade Organization. His ambassador in Geneva has accused them of overstepping their authority, breaking their own rules and interfering in U.S....

  • HONG KONG, Sept 26- Bitmain Technologies, the world's largest designer of products used for mining cryptocurrencies, confirmed it was bringing its IPO to Hong Kong in what will be an important test of institutional investors' interest in the crypto sector. The price of bitcoin has fallen 65 percent since its December 2017 peak, and on Wednesday one bitcoin was...

  • LONDON, Sept 26- Italian bond yields extended falls on Wednesday after Economy Minister Giovanni Tria offered greater clarity on the upcoming budget while saying it must generate confidence in Italy's financial stability ahead of this week's deadline. Tria said that the new deficit targets to be presented on Thursday would send a signal to markets on...

  • *UK CHANCELLOR PHILIP HAMMOND TO DELIVER BUDGET ON OCT. 29; STATEMENT MOVED FORWARD TO AVOID CLASH WITH END OF BREXIT NEGOTIATIONS- FT Source: https://on.ft.com/2DyyBCo.

  • UK CHANCELLOR PHILIP HAMMOND TO DELIVER BUDGET ON OCT. 29; STATEMENT MOVED FORWARD TO AVOID CLASH WITH END OF BREXIT NEGOTIATIONS- FT.

  • Sept 26- U.S. crude oil stockpiles rose last week as refineries sharply reduced output for seasonal maintenance, while gasoline stocks increased and distillate inventories fell, the Energy Information Administration said on Wednesday. The drop in distillates is very supportive because that is the soft spot that people are focused on, "said Phil Flynn, an...

  • NEW YORK, Sept 26- British Prime Minister Theresa May was reminded of how worried businesses are about Brexit on Wednesday when a rallying speech to executives in New York was met with a single stark question from the floor- just how bad can things get? May assured her audience that Britain would flourish after Brexit and remain an attractive place to invest,...

  • The top U.S. negotiator on Tuesday complained Canada was not making enough concessions in bilateral talks to renew the North American Free Trade Agreement and said time was running out before Washington proceeded with a Mexico- only deal. "We will keep working as long as it takes to get to the right deal for Canada," Trudeau told reporters when asked about the...

  • BUDAPEST/ PRAGUE, Sept 26- The crown sank to a 2- week low against the euro on Wednesday after the Czech central bank increased its interest rates again but did not pledge another hike for the rest of the year. It raised rates for a third straight meeting as expected, to fight inflation that is above its 2 percent target, boosted by a surge in wages in the European...

  • BASRA, Iraq, Sept 26- Once dubbed the Venice of the Middle East for its canals, Iraq's crumbling port city of Basra is slowly dying of thirst. Its vibrant freshwater lifeline, the Shatt-al-Arab river that runs through it, is now so polluted it threatens the lives of the more than 4 million inhabitants of Iraq's second city. Different pollutants can be found in the...

  • NEW YORK— 21st Century Fox will sell its remaining stake in British pay TV provider Sky to Comcast in the latest financial wrangling as Disney prepares to acquire Fox's entertainment assets. Last December a bidding war between Walt Disney Co. and Comcast began over Fox's entertainment assets. Walt Disney Co. prevailed and is in the process acquiring Fox.

  • NAIROBI, Sept 26- The World Bank has approved $80 million in grants to Somalia to fund public finance reforms, marking the first disbursement to the government of the conflict-ridden country in 30 years, the bank said. The Washington- based lender, which suspended ties with the country when war broke out in 1991, resumed support for Somalia in 2003, at the time...

  • *Policy statement due at 2 p.m. EDT. WASHINGTON, Sept 26- With the Federal Reserve widely expected to raise interest rates on Wednesday, financial markets are focused on whether signs of an acceleration in U.S. economic growth will prompt the central bank to ramp up the pace of monetary policy tightening. The probability the Fed will raise its benchmark overnight...