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Wires

  • *China's gasoline demand to slow sharply- BMI. LONDON, Aug 17- Oil prices steadied on Thursday after U.S. data showed a big fall in crude stockpiles but also an increase in production, taking U.S. crude output to its highest in more than two years. Brent crude was down 10 cents at $50.17 a barrel by 1245 GMT.

  • LONDON, Aug 17- Global stocks fell on Thursday as investors trimmed their exposure to riskier assets after central bank minutes revealed a wary take on the economic outlook from ratesetters on both sides of the Atlantic. The European Central Bank expressed caution about removing monetary stimulus too soon following a recent bounce in the euro, the record of...

  • U.S. 30- YEAR TREASURY YIELD HITS SESSION HIGHS AFTER U.S.

  • WASHINGTON— US manufacturing output fell 0.1 percent in July; overall industrial production rose 0.2 percent.

  • WASHINGTON— Fewer Americans applied for jobless aid last week, as the number of people seeking benefits remained close to historic lows. The Labor Department says that weekly unemployment applications fell by 12,000 to a seasonally-adjusted 244,000. It was the largest decline since mid-July. The less volatile four-week average slipped 500 to 240,500..

  • *Acting trade minister answered questions on 2016 deal. BAGHDAD, Aug 17- Iraq's parliament on Thursday voted to end its grilling of acting Trade Minister Salman al-Jumali over corruption allegations that mostly stemmed from a ministry deal to import Indian rice in 2016.. Out of 202 members of parliament, 104 voted that they were convinced by Jumali's answers...

  • TREASURY YIELDS HOLD AT HIGHER LEVELS AFTER JOBLESS CLAIMS, PHILLY FED BUSINESS DATA.

  • LONDON, Aug 17- The dollar rebounded across the board on Thursday, reserving some of its strongest gains against the euro after minutes of the July meeting by the European Central Bank prompted investors to cover bearish bets against the greenback. "The reality is the ECB is definitely more concerned than the market gave it credit for," said Simon Derrick, chief...

  • CHICAGO, Aug 17- Wal-Mart Stores Inc on Thursday reported lower quarterly margins after it cut prices and invested heavily on expanding its e-commerce operations, and its shares fell nearly 3 percent. Net income attributable to Wal-Mart fell 23 percent to $2.9 billion, or 96 per cents per share, from $3.7 billion, or $1.21 per share, a year earlier due to a loss from...

  • OSLO, Aug 17- ConocoPhillips has won permission to prepare for the removal of the first permanent oil platform built off Norway more than 40 years ago, the country's industry regulator said on Thursday. Discovered in 1969, Ekofisk was the first oilfield to begin production off Norway, kickstarting a period of unprecedented wealth for the nation of 5 million...

  • BISMARCK, N.D.— North Dakota regulators have rescheduled a public hearing on whether the developer of the Dakota Access pipeline violated state rules. The Public Service Commission is looking into whether Energy Transfer Partners removed too many trees and improperly handled some soil during construction of the $3.8 billion pipeline.

  • MADRID, Aug 17- Spanish airline Iberia, part of International Consolidated Airlines Group, aims to cut up to 955 jobs as part of a fresh round of redundancies outlined to unions, a spokeswoman for the company said on Thursday. The layoffs would involve voluntary redundancies and early retirement plans, she said, after the firm flagged plans for more job cuts in...

  • >Norway's economic prospects brighten as election draws near. >Norway's opposition Labour drops to four-year low in poll- NRK. >Norway's Labour will hold talks with London only after Brexit.

  • >Norway's economic prospects brighten as election draws near. >Norway's opposition Labour drops to four-year low in poll- NRK. >Norway's Labour will hold talks with London only after Brexit.

  • >Norway's economic prospects brighten as election draws near. >Norway's opposition Labour drops to four-year low in poll- NRK. >Norway's Labour will hold talks with London only after Brexit.

  • >Norway's economic prospects brighten as election draws near. >Norway's opposition Labour drops to four-year low in poll- NRK. >Norway's Labour will hold talks with London only after Brexit.

  • LAUNCESTON, Australia, Aug 17- Should the arrival of the last major piece of kit in Australia's $180 billion liquefied natural gas spree be a cause for celebration or for a wake? These projects, when in full production, will see Australia overtake Qatar as the world's largest producer of the super-chilled fuel, and become an energy export superpower when one...

  • FRANKFURT, Germany— The European Central Bank's policymakers are still concerned that inflation in the 19- nation eurozone is too low despite an improving economy and seem worried about the strength of the shared euro currency, their last meeting shows. The account of the July 20 meeting, published Thursday, shows the rate-setters noted that market investors...

  • NEW YORK _ The Madison Square Garden Co. on Thursday reported a loss of $84.3 million in its fiscal fourth quarter. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of $1.78 per share. The Madison Square Garden Co. shares have climbed 27 percent since the beginning of the year.

  • HONG KONG/ BEIJING, Aug 17- CEFC China Energy, which has grown from a niche oil trader to a sprawling energy conglomerate, is in talks to acquire a stake in Russian state oil giant Rosneft, three people with direct knowledge of the discussions said. Russia has overtaken Saudi Arabia as China's biggest oil supplier, and Rosneft is by far Russia's biggest and most...