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  • Sept 25- British American Tobacco Plc named Jack Bowles as chief executive officer to succeed Nicandro Durante. Bowles, chief operating officer of BAT's international business, will become CEO Designate on Nov. 1 and will join the board on Jan. 1, 2019. BAT said last week that its board had identified a lead candidate to succeed Durante, who has said he intends to...

  • JERUSALEM— The Gaza Strip's economy is in "free fall," a report from the World Bank warned Tuesday, calling for urgent action by Israel and the international community to avoid "immediate collapse." The World Bank cited various factors, starting with Israel's decade-long blockade against the territory's militant Hamas rulers, for the precarious downturn.

  • *Looming Iran sanction, OPEC defying calls to up output lift oil. TOKYO, Sept 25- Asia stocks struggled on Tuesday as a fresh round of U.S.- China tariffs and a surge in oil prices to near four-year highs added to worries about risks to global growth. Spreadbetters expected European stocks to open on the defensive, with Britain's FTSE giving up 0.1 percent, Germany's...

  • Sydney's S&P-ASX 200 gained 1.2 points to 6,188.12 and India's Sensex advanced 0.3 percent to 36,420.60. Benchmarks in New Zealand, Taiwan and Singapore gained while other Southeast Asian markets declined. WALL STREET: Industrial companies and banks sank after news reports China pulled out of possible talks proposed by Washington on ending their fight...

  • Rockville, MD, Sept 24- Instagram on Monday said co-founders Kevin Systrom and Mike Krieger have resigned as chief executive officer and chief technical officer of the photo-sharing app owned by Facebook Inc, giving scant explanation for the move. The departures at Facebook's fastest-growing revenue generator come just months after the exit of Jan Koum,...

  • TOKYO, Sept 25- Japanese government bond prices dipped on Tuesday, with the benchmark 20- year bond yield hitting a 1-1/ 2- year high on wariness the Bank of Japan could trim buying in that maturity. JGBs slipped on Friday after the central bank unexpectedly reduced its buying in 25 year-40 year bonds, lifting the 30- year yield to one-year highs, and the 40- year...

  • Video captured the moment that an Air Canada jet flew off course and just over four other jetliners filled with passengers late on a July night last year in San Francisco. Board members are likely to focus on actions of the Air Canada pilots, who may have been confused because one of two parallel runways, called 28 L, was closed for construction that night, and its...

  • Benchmarks in New Zealand, Malaysia and the Philippines retreated while Taiwan and Singapore advanced. WALL STREET: Industrial companies and bank sank after news reports that China pulled out of possible talks proposed by Washington on ending their fight over Beijing's technology policy. TRADE FIGHT: China issued a report accusing Washington of...

  • Sept 24- Instagram on Monday said co-founders Kevin Systrom and Mike Krieger have resigned as chief executive officer and chief technical officer of the photo-sharing app owned by Facebook Inc, with the pair giving scant explanation. The departures at Facebook's fastest-growing revenue generator come just months after the exit of Jan Koum, co-founder of...

  • The euro edged lower, having hit a 3-1/ 2- month high in the previous session after European Central Bank chief Mario Draghi expressed confidence in eurozone inflation and wages growth. Global markets have been sideswiped over the past few months as the intensifying trade row between China and the United States stoked uncertainty about the outlook for global...

  • SHANGHAI, Sept 25- China's stock markets fell on Tuesday morning in their first trading session after fresh U.S. tariffs on $200 billion worth of Chinese imports kicked in on Monday, prompting retaliatory tariffs on $60 billion of U.S. imports to China. **China's blue-chip CSI300 index was down 1.12 percent, with its financial sector sub-index lower by 1.7 percent,...

  • BEIJING— China cannot hold talks with Washington on ending their escalating trade dispute while the United States "holds a knife" to Beijing's neck by imposing tariff hikes, a Chinese official said Tuesday. Beijing retaliated by imposing penalties on $60 billion of U.S. goods. Beijing is open to negotiations but whether they proceed is up to Washington, said a...

  • YOSHIKAWA, Japan— It's drawing time at this suburban nursery school in Japan, but instead of crayons, tiny fingers are tapping on colors on iPad screens and taking selfies. Coby Preschool, in a small town northeast of Tokyo, is among nearly 400 kindergartens and nursery schools in Japan that are using smartphone software applications designed especially for...

  • BEIJING, Sept 25- Sino-U.S. trade talks have been difficult to proceed, with the United States putting a "knife to China's neck", Chinese vice commerce minister Wang Shouwen said on Tuesday. When the talks can restart completely would depend on the "will" of the United States, Wang said at a press conference. One cannot say that all previous trade discussions have been...

  • FACEBOOK CEO ZUCKERBERG SAYS LOOKING FORWARD TO SEEING WHAT SYSTROM, KRIEGER BUILD NEXT- STATEMENT.

  • FACEBOOK CEO ZUCKERBERG SAYS LEARNED A LOT WORKING WITH SYSTROM, KRIEGER FOR THE PAST 6 YEARS; WISH THEM ALL THE BEST.

  • FACEBOOK CEO MARK ZUCKERBERG SAYS INSTAGRAM'S "KEVIN AND MIKE ARE EXTRAORDINARY PRODUCT LEADERS AND INSTAGRAM REFLECTS THEIR COMBINED CREATIVE TALENTS".

  • UNITED NATIONS— Five world powers and Iran agreed late Monday to establish a financial facility in the European Union to facilitate payments for Iranian imports and exports including oil, a key move sought by Tehran following the U.S. pullout from the 2015 nuclear deal and its re-imposition of sanctions. Foreign ministers from Britain, France, Germany, Russia,...

  • *Spot gold may test support at $1,194/ oz- technicals. Federal Reserve meeting beginning later in the day, while simmering U.S.- China trade tensions kept investors nervous about risks to global growth. "Gold is glued to the $1,200 see-saw levels with some short positions closing just in case the Fed does something unexpected, give some notion of a pause in the 2019...

  • *OPEC, Russia so far resist calls to raise output. Looming U.S. sanctions against Iran and the unwillingness or inability of the Organization of the Petroleum Exporting Countries and top oil producer Russia to raise output to offset the loss of Iranian supply have spurred prices higher. "Iran will lose sizeable export volumes, and given OPEC+ reluctance raise...