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Wires

  • *Nidera hit by losses, accounting irregularities in Brazil. HONG KONG, Aug 23- Chinese state-owned food group COFCO, which fully acquired Dutch-based grains trader Nidera in February after a three-year takeover, is considering a sale of Nidera's Latin American seeds business, according to people familiar with its plans. With ambitions to become a stronger...

  • LONDON, Aug 23- COMEX copper stocks rose by a net 271 tonnes on Monday. There was some light two-way action at New Orleans and arrivals at both Tucson and Salt Lake City. For years the copper market narrative has been woven around the interaction between inventory registered with the London Metal Exchange and the Shanghai Futures Exchange.

  • Hurricane, tropical storm and storm surge watches were in effect for counties on the eastern coast of Texas as the storm moved across the Gulf of Mexico, where it may strengthen into a hurricane. Winds up to 75 mph and 15 inches of rain were forecast, according to the National Weather Service. The storm may strengthen into a hurricane by the time it makes landfall...

  • LONDON, Aug 24- Oil prices steadied on Thursday, holding on to most of their recent gains after another fall in U.S. crude inventories indicated a tighter market, and as a tropical storm headed towards oil producing facilities in the Gulf of Mexico. Benchmark Brent crude was down 5 cents a barrel at $52.52 by 0925 GMT. Both contracts rose more than 1 percent on...

  • Norway holds parliamentary elections on Sept. 11 to decide whether the ruling right-wing government should stay in power or be replaced by a Labour-led centre-left coalition. >Norway's economy leaves the bad years behind as election nears. >Norway's risk-averse wealth fund considers next moves.

  • Norway holds parliamentary elections on Sept. 11 to decide whether the ruling right-wing government should stay in power or be replaced by a Labour-led centre-left coalition. >Norway's economy leaves the bad years behind as election nears. >Norway's risk-averse wealth fund considers next moves.

  • *Forint strongest since May 2015, retreats on cbank comments. BUDAPEST, Aug 24- The forint retreated from a 28- month high against the euro on Thursday after Hungary's central bank signaled it stands ready to loosen monetary conditions, bucking a global trend and a recent Czech central bank rate hike. "Everybody in the market had expected the NBH comments like...

  • Norway holds parliamentary elections on Sept. 11 to decide whether the ruling right-wing government should stay in power or be replaced by a Labour-led center-left coalition. >Norway's economy leaves the bad years behind as election nears. >Norway's risk-averse wealth fund considers next moves.

  • Norway holds parliamentary elections on Sept. 11 to decide whether the ruling right-wing government should stay in power or be replaced by a Labour-led center-left coalition. >Norway's economy leaves the bad years behind as election nears. >Norway's risk-averse wealth fund considers next moves.

  • *FTSE 100 up 0.4 pct, mid caps down 0.2 pct. LONDON, Aug 24- Britain's top share index rose on Thursday as shares in Provident Financial and WPP regained some lost ground, but a profit warning sent Dixons Carphone tumbling. "Dixons Carphone stoked fresh fears about the health of the UK retail sector with a profits warning amid a tough mobile phone market and lower...

  • DOHA, Aug 24- Qatar's ruler has introduced a law giving broad protection to tens of thousands of foreigners working as maids, cooks, cleaners and nannies, addressing some concerns long highlighted by human rights groups. Like other wealthy Gulf Arab states, Qatar hosts tens of thousands of mostly female domestic workers, mostly from the Philippines, South Asia...

  • TOKYO, Aug 24- A consortium that includes Western Digital is offering 1.9 trillion yen for Toshiba Corp's memory chip business, which the Japanese conglomerate is trying to sell to cover losses from its U.S. nuclear business, sources said on Thursday. Western Digital is set to offer 150 billion yen through convertible bonds and will not seek voting rights in the...

  • BERLIN— The European Aviation Safety Agency has issued an air worthiness directive about Airbus's A350-941 aircraft, warning that a problem could lead to an engine explosion under certain conditions if not corrected. The Cologne, Germany- based agency, said that Airbus has already come up with a fix and the directive, which goes into effect Thursday, orders that...

  • SANTIAGO, Chile _ Sociedad Quimica y Minera de Chile SA on Wednesday reported second-quarter earnings of $101.2 million. The Santiago, Chile- based company said it had profit of 38 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • *MSCI World index little changed. *Oil steady as storm heads into Gulf of Mexico. MILAN, Aug 24- World stocks steadied on Thursday after two turbulent weeks as geopolitical worries eased in Asia and caution prevailed on the day the annual Jackson Hole gathering of central bankers gets underway.

  • *Arrives as Ford launches new initiatives in China. SHANGHAI, Aug 24- Ford Motor Co has appointed Jason Luo, head of auto parts maker Key Safety Systems, to run its China operations, a move seen as signalling its resolve to revive sales in the world's biggest car market. The U.S. automaker hopes Luo, the first executive from mainland China to hold its top job there, will...

  • Aug 24- Britain's Premier Oil on Thursday lifted its full-year production guidance as well as estimated resources at a huge oilfield it discovered off the coast of Mexico. Premier Oil, the operations of which stretch from Indonesia to the Falkland Islands, now expects 2017 production in the range of 75,000-80,000 barrels of oil equivalent per day, up from the...

  • *STOXX 600 up 0.3 pct. *Dixons Carphone plummets 24 pct after profit warning. LONDON, Aug 24- Gains by cyclical sectors helped push European stocks higher on Thursday, while heavy losses in Dixons Carphone after a profit warning dominated early trading.

  • TOKYO, Aug 24- Tokyo Electric Power Co Holdings said on Thursday it has been hit with another lawsuit filed in a U.S. court seeking $5 billion for compensation over the 2011 Fukushima nuclear disaster, the second filed against the utility in a U.S. court. A multi-plaintiff lawsuit was filed on Aug. 18, 2017, against Tokyo Electric Power Co and other parties in the...

  • *First Capital is Singapore's No.1 property and casualty insurer. SINGAPORE, Aug 24- Mitsui Sumitomo Insurance Company is buying Singapore's First Capital Insurance for $1.6 billion from Canada's Fairfax Financial Holdings, in the biggest takeover by a Japanese insurer in populous Southeast Asia. MSI, the core firm of MS&AD Insurance Group Holdings, is...