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  • risks@ LONDON, Sept 25- British lenders need to hold around an extra 10 billion pounds in capital to guard against increased risks from rapidly rising unsecured consumer lending, the Bank of England said on Monday. British consumer borrowing is growing at nearly 10 percent a year, far faster than incomes, and the BoE's Financial Policy Committee said it would tell...

  • Air France said on Monday that Joon would start off by flying to six destinations. Starting from December 1, Joon will fly to four cities in Europe- Barcelona, Berlin, Lisbon and Porto. It will then fly to Fortaleza in Brazil and the Seychelles in summer 2018..

  • MEXICO CITY, Sept 25- Most schools in Mexico City remained closed on Monday after last week's deadly earthquake, but children outside the capital were set to return to their classrooms, although aftershocks were still jolting the country. More than 44,000 schools in six states were due to reopen on Monday, but only 103 of them in Mexico City, which suffered most of...

  • *Iran imposes flight ban, Turkey threatens retaliation. ERBIL/SULAIMANIYA, Iraq, Sept 25- Voting began in northern Iraq on Monday in an independence referendum organised by Kurdish authorities, ignoring pressure from Baghdad, threats from neighouring Turkey and Iran, and international warnings it may ignite yet more regional conflict.

  • LONDON— The Bank of England is warning of "a pocket of risk" in the rapid growth of consumer credit in the British economy. Though it says that it is "not a material risk to economic growth" as consumer credit only accounts for 11 percent of household debt, the bank says the increase is a "risk to banks' ability to withstand severe economic downturns" because consumer...

  • LONDON, Sept 25- Oil prices came under pressure from a strong dollar, but kept most of their gains from the previous session as major producers meeting in Vienna said the market was well on its way towards rebalancing. The Organization of the Petroleum Exporting Countries, Russia and several other producers have cut production by about 1.8 million barrels per...

  • Sept 25- Shares in Tullow Oil Plc rose more than 8 percent on Monday after the Africa- focused oil explorer said it expects to resume drilling at its multi-billion dollar TEN deepwater oil and gas project after a court ruling favoured Ghana in an ocean border dispute with Ivory Coast. The International Tribunal for the Law of the Sea on Saturday drew an ocean...

  • ANCHORAGE, Alaska— Claire Richardson remembers taking off from Nome in an airplane uniquely configured for Alaska when a horrible smell seeped into the passenger area. Alaska Airlines is retiring its last four combi planes, special Boeing 737-400 s designed to carry cargo in the middle of the plane and 72 passengers in the rear, company vice president Marilyn...

  • *ECB members including Mario Draghi due to speak on Monday. LONDON, Sept 25- Southern European government bonds sold off early on Monday after an unexpectedly weak election result for Germany's Angela Merkel triggered concerns about the emergence of a more hardline stance towards the euro zone in the bloc's largest economy. "In exchange for debt relief, the FDP...

  • SINGAPORE, Sept 25- Oil major Chevron Corp will next year invest around $4 billion to ramp up its crude production in the Permian Basin area of the United States, a company executive said on Monday. Ryan Krogmeier, Chevron's vice president of crude supply and trading, told the S&P Global Platts APPEC conference in Singapore that the company would increase its...

  • BP PLC SAYS STARTS PRODUCTION FROM KHAZZAN GAS FIELD IN OMAN AHEAD OF SCHEDULE.

  • SINGAPORE, Sept 25- Crude oil exports from the United States will increase to meet 5 percent of global demand by 2022, as refiners seek more low-sulphur crude to meet stricter rules for cleaner fuels, an executive from Enterprise Partners LP said on Monday. Demand for light, low-sulphur, or sweet, crude is set to rise as countries push refiners to produce cleaner...

  • Sept 25- Hong Kong stocks posted their biggest one-day loss in six weeks on Monday, with a slump in property shares hitting already fragile sentiment after the Federal Reserve's hawkish stance and Standard& Poor's downgrade of China's credit rating last week. Investor sentiment was also undermined by simmering concerns that China's beefed-up...

  • *New Zealand dollar hit by mixed election. LONDON, Sept 25- The single currency and European stocks slipped on Monday after the bloc's most powerful leader German Chancellor Angela Merkel won a fourth term but faced a fractured parliament as support for the far-right surged. Political uncertainty also weakened the New Zealand dollar as the ruling National...

  • *Swiss group to pay $2.6 bln for GE Industrial Solutions. ZURICH, Sept 25- Power grids maker ABB is buying General Electric's Industrial Solutions business for $2.6 billion in a bet it can improve the division's lackluster margins over the next five years, the Swiss engineering company said on Monday. Zurich- based ABB sees potential for annual cost benefits of...

  • WASHINGTON— American military contractors operating in Iraq are accusing Baghdad of employing strong-arm tactics to make them pay exorbitant income taxes, a practice they've warned the Trump administration is hampering the fight against Islamic State extremists. A senior executive at a U.S. company that supports American troops in Iraq said contractor...

  • PARIS— French truck drivers have organized road blockades on highways and near fuel depots across the country to protest against President Emmanuel Macron's changes to labor laws. Two major unions, CGT and FO, have called on a nationwide protest action Monday. Government spokesman Christophe Castaner called on French drivers not to rush to gas stations, to...

  • *Govt raising 1.2 trillion yen from share sale- filing. TOKYO, Sept 25- Japan Post Holdings Co priced a major government sale of its stock at a 2 percent discount to its Monday closing price, valuing the offering at $11 billion and making it the world's second-largest this year. Japan Post is a stock our conservative customers like, "said Koji Taki, heads of sales at...

  • JOHANNESBURG, Sept 25- South Africa's Finance Ministry on Monday dismissed reports that the Treasury wants to use 100 billion rand from government pension fund Public Investment Corporation to bail out struggling state companies. Reports emerged on Friday that the Treasury was pressuring PIC, Africa's biggest pension fund, to provide the money.

  • *Tokyo Governor Koike launches new "Party of Hope". TOKYO, Sept 25- Japanese Prime Minister Shinzo Abe will dissolve parliament's lower house on Thursday for a snap election, a party official said, in a move aimed at taking advantage of improved ratings and opposition disarray. Abe, who has held power for five years, was expected to put pledges to spend on education and...