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Wires

  • LONDON, Aug 24- Shares in Britain's Dixons Carphone plunged 30 percent after the retailer cut its full-year profit forecast on Thursday, blaming tougher conditions in the mobile market as customers keep their handsets longer. Dixons Carphone, which trades as Currys, PC World and Carphone Warehouse in Britain and Ireland, said currency fluctuations were also...

  • BEIJING, Aug 24- China, the world's top meat market, is loosening longstanding restrictions on beef imports from major suppliers to feed the appetite of the country's growing middle class for steaks and ribs. Beef is now the fastest-growing meat in China, outstripping stagnant demand for more widely eaten pork as consumers look to reduce fat in their diets.

  • LONDON, Aug 24- Gains by cyclical sectors helped push European stocks higher on Thursday, while heavy losses from Dixons Carphone after a profit warning dominated early trading. Sunrise Communications also gained 4.3 percent after its second-quarter net income more than doubled and Berenberg raised the stock to a "buy". The earnings season in Europe was...

  • JERUSALEM, Aug 24- Bezeq Israel Telecom reported a 5 percent decline in quarterly net profit as revenue from telephone services continued to decline. Bezeq, Israel's largest telecoms group, said on Thursday it earned 358 million shekels in the second quarter, down from 377 million a year earlier. Its controlling shareholder Shaul Elovitch, CEO Stella Handler...

  • SEOUL, South Korea— Asian stock markets were mixed on Thursday as worries about the U.S. political uncertainty resurfaced while investors were waiting for the upcoming speeches by the world's top central bankers in Jackson Hole, Wyoming. Hong Kong's Hang Seng index advanced 0.4 percent to 27,525.81 while Shanghai Composite Index fell 0.5 percent to 3,271.94.

  • SHANGHAI, Aug 24- China stocks fell the most in nearly two weeks on Thursday, as China Unicom tumbled after rallying earlier in the week as excitement over state enterprise reforms cooled. After a calmer morning session, sentiment soured as China Unicom extended its losses in afternoon trading, down nearly 7 percent at close. The surge was triggered by a planned...

  • SINGAPORE, Aug 24- Oil was steady on Thursday, holding gains from the previous session after another fall in U.S. crude inventories indicated a tighter market, and as a tropical storm was heading for oil producing facilities in the Gulf of Mexico. Brent crude futures, the international benchmark for oil prices, were at $52.58 per barrel at 0658 GMT, up 1 cent from...

  • HONG KONG, Aug 24- Chinese state-owned food group COFCO is looking to sell the Latin American seeds business of Dutch-based grain trader Nidera, a company it fully took over in February, according to people familiar with its plans. Morgan Stanley is advising COFCO on the sale, the sources said. COFCO and COFCO International, the unit that runs Nidera's businesses,...

  • BEIJING, Aug 24- Late last month, executives from more than a dozen top European companies in China met in Beijing to discuss their concerns about the growing role of the ruling Communist Party in the local operations of foreign firms, according to three people with knowledge of the discussions. The presence of party units has long been a fact of doing business in...

  • EXCLUSIVE-EXECUTIVES FROM EUROPEAN COMPANIES RECENTLY MET IN BEIJING TO DISCUSS CONCERNS ABOUT COMMUNIST PARTY INFLUENCE IN THEIR COMPANIES- SOURCES.

  • EXCLUSIVE-IN SOME FOREIGN COMPANY VENTURES, PARTY HAS BEEN SEEKING TO INFLUENCE BUSINESS OPERATIONS, INVESTMENT DECISIONS- SOURCES.

  • LOS ANGELES— "Star Wars: The Last Jedi" is still a few months away from hitting theaters, but BB-8-happy fans are about to get a glimpse at a new character as a part of a three-day marketing rollout of toys and products inspired by the film. The Walt Disney Company said Thursday that the global event, dubbed Force Friday II, will feature an augmented reality treasure...

  • Bertrand Bodson, currently chief digital and marketing officer for Sainsbury's Argos chain, will start in his new role on Jan. 1, 2018, and report directly to CEO Joe Jimenez, the Swiss drugmaker said on Thursday. At Argos, Bodson helped turn a traditional catalog business into Britain's third-largest online retailer. Former Wal-Mart Stores executive Karenann...

  • OSLO, Aug 24- Offshore drilling contractor Seadrill plans to launch a long-awaited Chapter 11 debt restructuring in mid-September, and aims to raise $1 billion in new capital, the company said on Thursday. Once the biggest offshore rig firm by market value and the crown jewel in the business empire of Norwegian billionaire John Fredriksen, Seadrill shares have...

  • DUBLIN, Aug 24- CRH has sold its U.S. distribution business to Beacon Roofing Supply Inc. for $2.63 billion in cash and will use the proceeds for acquisitions elsewhere, the Irish building materials group said on Thursday. CRH, the world's third-biggest building materials supplier, said it sold the business at 16 times earnings before interest, tax, depreciation...

  • LONDON, Aug 24- Britain's Dixons Carphone Plc downgraded expectations for full-year profit on Thursday, reflecting tougher conditions in the mobile market as customers hold on to handsets for longer and currency fluctuations made new devices more expensive. Analysts had on average forecast 495 million pounds, according to Thomson Reuters data.

  • *Nidera hit by losses, accounting irregularities in Brazil. Aiming to become a stronger global player, COFCO had hoped to combine Nidera with Noble Agri, a unit of Singapore- listed trading house Noble Group, which it also began buying in 2014.. "And the accounting issue in Nidera's Brazil business helped accelerate the sale."

  • TOKYO, Aug 24- Japan's Nikkei share average fell to a 3-1/ 2- month low on Thursday, dragged down by Wall Street losses, a stronger yen and steel makers after reports that the country's biggest producer was cutting prices. Shares on Wall Street fell overnight after a threat from U.S. President Donald Trump to shut down the government if Congress fails to fund a Mexico...

  • TOKYO, Aug 24- Japanese government bonds rose on Thursday, getting a lift from firm U.S. The lower yields contributed to firm demand at the Ministry of Finance's liquidity-enhancing sale of 550 billion yen of off-the-run JGBs. On Friday, the BOJ will purchase between 350 billion yen and 550 billion yen of five- to 10- year JGBs under its regular buying operations.

  • Aug 24- North Sea- focused Premier Oil has raised its 2017 production forecast by up to 7 percent on the back of a forecast-beating performance at its fields that also improved its cash flow and helped it pay down debt. Stronger output from its fields more than doubled cash flow year on year in the first half to $292 million, up from $109 million a year earlier, the...