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  • BEIJING— China has announced a new cut in import tariffs but no action on U.S. complaints about its technology policy that are fueling an escalating trade battle with Washington. The Cabinet said import taxes on 1,585 products including construction machinery and building materials will be cut effective Nov. 1. While China has cut tariffs on goods from other...

  • Sept 26- Uber's head of corporate development, Cameron Poetzscher, was disciplined after a probe found he had a pattern of making sexually suggestive comments about other co-workers, the Wall Street Journal reported on Wednesday, citing people familiar with the investigation. When the findings of the probe by an outside law firm were presented to an internal...

  • COLUMBUS, Ohio _ Worthington Industries Inc. on Wednesday reported fiscal first-quarter net income of $54.9 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share. Three analysts surveyed by Zacks expected $1.01 billion.

  • BEACHWOOD, Ohio _ Omnova Solutions Inc. on Wednesday reported a fiscal third-quarter loss of $1.9 million, after reporting a profit in the same period a year earlier. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share. This story was generated by Automated Insights using data from Zacks...

  • NEW YORK— Remote villages in Africa and Asia are receiving electricity using a little-known type of technology: zinc-air batteries. "If you look at a map of Earth at night and you see where it's darkest, it's in Africa, Asia and developing countries," said Soon-Shiong, who is also the owner of the Los Angeles Times. By comparison, lithium ion batteries vary in price, but...

  • *Project is largest in UK North Sea in recent years. LONDON, Sept 26- U.S. oil group Chevron has a potential buyer for its stake in one of the UK North Sea's biggest oil and gas developments, a company spokeswoman said on Wednesday. The Rosebank project, located some 130 kilometers northwest of the Shetlands in seas over a kilometer deep, would be one of the biggest new...

  • *Shanghai shares hit 8- week high, helped by MSCI news. LONDON, Sept 26- A Chinese equity bounce set a modestly positive tone for world stocks on Wednesday as bets that Beijing would expand stimulus to support its economy helped offset some of the worries about global trade tensions and $80- a-barrel oil. European shares trod water, failing to extend gains seen in...

  • LONDON, Sept 26- Advertising group WPP said on Wednesday it was merging Young& Rubicam, the U.S. agency it bought in 2000, with digitally focused VML to offer clients a broader range of creative and data-driven services from a single firm. The new agency, called VMLY&R, will be led by current VML chief executive Jon Cook, WPP said. WPP's new chief executive Mark Read,...

  • MADRID, Sept 26- The appointment of investment banker Andrea Orcel as the new chief operating officer of Banco Santander does not signal a strategy change at the bank, chairman Ana Botin said on Wednesday. The management restructuring at Banco Santander comes at a sensitive moment for the euro zone's biggest lender with two of its three main markets- Britain and...

  • *Value of deals in Europe more than halved so far in Q3. MILAN, Sept 26- The $40 billion takeover of British broadcaster Sky and other new deals in Europe have broken a summer lull to bolster investor optimism over an M&A revival in the region. Europe has not traditionally been the preferred destination for M&A investors, but 2018 started with a boom that saw activist...

  • COPENHAGEN, Sept 26- Danish newspaper Berlingske reported on Wednesday that Briton Howard Wilkinson was the internal whistleblower at Danske Bank who was the central person in revealing a money laundering scandal in Estonia. It said Wilkinson had confirmed his role in an email sent to Berlingske, after he was named by Estonian media on Wednesday.

  • RICHMOND, Va. _ CarMax Inc. on Wednesday reported fiscal second-quarter profit of $220.9 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.22 per share. Four analysts surveyed by Zacks expected $4.71 billion.

  • *U.S. sanctions on Iran oil exports to kick in from November. The United States will apply sanctions to halt oil exports from Iran, the third-largest producer in the Organization of the Petroleum Exporting Countries, from Nov. 4. "Iran has the opportunity to channel oil through Iraq and they will still have some buyers in Asia.

  • PRAGUE— The Czech Republic's central bank has raised its key interest rate for the third time since June, by a quarter point to1.50 percent. Wednesday's move, which was expected in financial markets, is the fourth increase this year and analysts expect the trend to continue. The hike comes as the annual inflation rate reached 2.5 percent amid growing wages and a...

  • SEATTLE— Amazon continues to expand delivery from its Whole Foods grocery stores, announcing new service in 10 cities while broadening delivery areas where it's already operating. The Seattle company said Wednesday that it's broadening delivery areas in New York and Seattle, and announced the first expansion of free grocery pick-up service to five new...

  • MADRID, Sept 26- Banco Santander's chairman Ana Botin on Wednesday said the lender was not planning any major strategy change after appointing Andrea Orcel as its new chief operating officer. "Andrea Orcel will be the group's new chief executive officer. But we are already clear on what is our strategy, we will remain the bank we are, a commercial bank operating in...

  • *Saudi, Qatar, UAE, Bahrain, Kuwait eligible for indexes. Sovereign and quasi-sovereign debt issuers from Saudi Arabia, Qatar, the United Arab Emirates, Bahrain and Kuwait- all members of the Gulf Cooperation Council- will become eligible for the EMBI Global Diversified, EMBI Global and EURO-EMBIG indexes, according to the statement, seen by Reuters on Wednesday.

  • MOSCOW— The lower house of the Russian parliament has given its preliminary approval for a controversial bill that raises the eligibility ages for pensions, which has caused an outrage in Russian society. The government's plan to raise the retirement ages for men and women by five years has irked Russians from all political factions. Older Russians fear they...

  • LONDON, Sept 26- The European Central Bank's interest rate hikes of 2008 and 2011 were perhaps the biggest policy errors in recent central banking history. If anything, an oil price shock of crude breaking above $100 a barrel could tempt the current incumbents in Frankfurt's Eurotower to ease policy, or at the very least go looser for longer, rather than tighten.

  • BANCO SANTANDER'S CHAIRMAN ANA BOTIN SAYS NEW CEO ANDRE ORCEL WILL FOCUS ON DIGITAL TRANSFORMATION OF THE BANK.