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  • Iraqi Deputy Oil Minister Fayadh al-Nema talks to journalists before a meeting of OPEC oil ministers in Vienna

    Iraq's government would consider selling crude through Iran should talks with the autonomous Kurdish region on an oil revenue-sharing agreement fail, a senior oil ministry official in Baghdad told Reuters. Iraq's State Oil Marketing Organisation (SOMO) plans to hold talks with the Kurdish Regional Government (KRG), possibly …

  • A worker checks the valves at Al-Sheiba oil refinery in the southern Iraq city of Basra

    BAGHDAD (Reuters) - Iraq is willing "to play a role" within OPEC to support oil prices, Iraqi oil minister Jabar Ali al-Luaibi said on Saturday in the southern oil city of Basra. "Iraq is ...

  • Japan's Prime Minister Shinzo Abe told African leaders on Saturday that his country will commit $30 billion in public and private support for infrastructure development on the continent. Resource-poor Japan has long been interested in tapping Africa's vast natural resources, even more so since dependence on oil and natural …

  • Malaysian student protesters demand 1MDB arrest Reuters - 2 hours 23 minutes ago

    Nearly a thousand protesters marched in the heart of the Malaysian capital on Saturday calling for the arrest of an unnamed high-ranking government official who U.S. investigators say received $700 million skimmed from a sovereign fund. The lawsuits repeatedly referred to a high-ranking official, only identified as "Malaysian …

  • SINGAPORE, Aug 27 (Reuters) - VTTI, the storage unit of world's largest oil trader Vitol, said late on Friday it has resumed operations at its Malaysia terminal ATT Tanjung Bin (ATB). "The suspension ...

  • Federal Reserve Chair Janet Yellen attends a news conference after chairing the second day of a two-day meeting of the Federal Open Market Committee to set interest rates in Washington

    For all the talk of a radical shift in central banking policy, from the permanent use of negative rates to helicopter money drops, Federal Reserve Chair Janet Yellen appears to believe she can tackle any future downturn using the tools currently at her disposal. Speaking in Jackson Hole, Wyoming, on Friday after a Fed …

  • Profits earned by China's industrial firms grew at their fastest pace in four months in July, aided by a pick-up in sales and reduced costs, the statistics bureau said on Saturday. Profits in July rose 11.0 percent to 523.01 billion yuan, the National Bureau of Statistics (NBS) said, the fastest growth rate since Marc …

  • HOUSTON (Reuters) - Oil giants BP (BP.L) and Royal Dutch Shell (RDSa.L) said on Friday they have started securing facilities and evacuating non-essential personnel from their drilling rigs and platforms ...

  • The granddaughter of Viacom Inc's (VIAB.O) controlling shareholder Sumner Redstone has agreed to let a Massachusetts court dismiss claims brought by former company leaders, a step that will help end a battle over the fate of the media empire. Lawyers for Keryn Redstone said at a Massachusetts court hearing on Friday they …

  • PARIS (Reuters) - French transport group Alstom (ALSO.PA) said on Friday it had signed a 1.8 billion euro (1.5 billion pounds) deal to design and build 28 new high-speed trains for U.S. rail operator Amtrak. ...

  • FCA CEO Sergio Marchionne addresses the media during a celebration of the production launch of the all-new 2017 Chrysler Pacifica minivan at the FCA Windsor Assembly plant in Windsor

    Fiat Chrysler Automobiles (FCHA.MI) (FCAU.N) has been approached by several suitors for its components business Magneti Marelli, the carmaker's chief executive said on Friday, without giving names or mentioning how many had shown interest. Sergio Marchionne also indicated it is still possible that FCA will continue production …

  • Logo of the pharmaceutical company Stada Arzneimittel AG is pictured at its headquarters in Bad Vilbel

    Stada (STAGn.DE) shareholder Active Ownership Capital (AOC) succeeded in convincing stock owners of the German drugmaker to vote off its supervisory board chairman in a voting marathon, but the activist investor fell short of its goal of replacing the entire board. "Stada shareholders today have clearly spoken out in …

  • By Carl O'Donnell and Lauren Hirsch (Reuters) - One day after a short seller claimed that St. Jude Medical Inc's (STJ.N) heart implants are vulnerable to deadly cyber attacks, investors appear most concerned ...

  • Computer screens display the Facebook sign-in screen in this photo illustration taken in Golden

    Facebook Inc (FB.O) changed its popular "Trending" feature, which shows users the most-talked about topics of the day, to make it more automated and further eliminate the potential for human bias, the company wrote in a blog post on Friday. The update is Facebook's latest attempt in recent months to stress its neutrality …

  • The ticker and trading information for St. Jude Medical is displayed where the stock is traded on the floor of the NYSE

    The report, which caused St. Jude shares to fall 5 percent after its release on Thursday, alleged there were significant security bugs in the company's Merlin@home device for monitoring implanted heart devices. St. Jude chief technology officer Phil Ebeling on Thursday said "the allegations are absolutely untrue" but …

  • Traders work on the floor of the New York Stock Exchange (NYSE) in New York City,

    U.S. stocks closed lower in choppy trading and the U.S. dollar surged on Friday as investors grappled with the possible timing of an interest rate hike after comments from several Federal Reserve officials, including Chair Janet Yellen. “The Fed served notice that a rate hike is still a possibility this year, and the markets …

  • Federal Reserve Chair Janet Yellen attends a news conference after chairing the second day of a two-day meeting of the Federal Open Market Committee to set interest rates in Washington

    The Federal Reserve is getting closer to raising interest rates again, the head of the U.S. central bank and other policymakers said on Friday in comments that left the door open for a hike as early as next month. Fed Chair Janet Yellen told a global monetary policy conference that the case for a rate increase had grown …

  • Traders work on the floor of the New York Stock Exchange (NYSE) in New York City,

    U.S. stocks ended modestly lower after a volatile session on Friday, having bounced between gains and losses as investors wrestled with the likely timing of a U.S. interest rate hike following comments from top Federal Reserve officials. The S&P 500 rose after Fed Chair Janet Yellen said the case for raising rates had …

  • Carson Block, the head of short-selling firm Muddy Waters, said on Friday that shares of medical device maker St. Jude Medical Inc (STJ.N) could fall to $55 per share or lower if Abbott Laboratories' (ABT.N) deal to buy the company falls apart. "If the deal were to break, I think that we could be $55 or lower," Block told …

  • To markets hungry for direction from the U.S. Federal Reserve, Fed Chair Janet Yellen offered a sobering dose of uncertainty for monetary policy and the global economy on Friday, suggesting interest rates could rise faster than expected in coming months or just as easily crater back to zero. In keynote remarks to an annual …

  • (Adds Alere, Fiat Chrysler; updates Rackspace) Aug 26 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday: ** Cloud services provider Rackspace Hosting ...

  • Gold bars and Swiss Franc banknotes are seen in this illustration picture in Vienna

    NEW YORK/LONDON (Reuters) - Gold pared gains on Friday, while the dollar turned up and U.S. stocks fell, as investors struggled to decipher the timing of a U.S. interest rate increase following comments by Federal Reserve Chair Janet Yellen and other officials. In her much-awaited speech, Yellen said the case for raising …

  • An offshore oil platform is seen at the Bouri Oil Field off the coast of Libya

    Oil prices were largely unchanged on Friday in a volatile session, as traders reacted to comments from Fed Chair Janet Yellen and reports of missile activity in Saudi Arabia. The market was taking its cues from the movement in the dollar, which has been choppy following Yellen's remarks. Prices gathered support briefly …

  • Federal Reserve Chair Janet Yellen holds a news conference in Washington

    For all the talk of a radical shift in central banking policy, from the permanent use of negative rates to helicopter money drops, Federal Reserve Chair Janet Yellen appears to believe she can tackle any future downturn using the tools currently at her disposal. Speaking in Jackson Hole, Wyoming, on Friday after a Fed …

  • File photo of Blackberry sign seen in front of their offices on the day of their annual general meeting for shareholders in Waterloo

    The new debt that BlackBerry plans to issue will have a coupon of 3.75 percent and will be due in November 2020. If all of the new debt is converted into stock, it will represent about 11.57 percent of BlackBerry's outstanding shares, the company said. FairFax, led by well-known contrarian investor Prem Watsa, is BlackBerry's …

  • A 3D printed Whatsapp logo is seen in front of a displayed Facebook logo in this illustration taken

    The Information Commission's Office (ICO) said while some users may be concerned by the lack of control provided by the updated privacy policy, others may consider it a positive. WhatsApp, which has more than a billion users, said on Thursday it would start sharing users' phone numbers with Facebook, allowing for more …

  • A photo illustration shows the Uber app logo displayed on a mobile telephone, as it is held up for a posed photograph in central London

    A federal judge on Friday granted a request by Uber Technologies Inc and its chief executive officer to put a passenger's price-fixing lawsuit against them on hold, while they appeal his refusal to let them arbitrate the dispute. Calling his decision a "close call," U.S. District Judge Jed Rakoff in Manhattan said the …

  • French dairy farmers from the FNSEA union block the round-about access to the Lactalis plant as they protest against the price of milk in Laval

    PARIS/RENNES (Reuters) - Europe's largest dairy group Lactalis and French milk producers resumed talks on Friday afternoon after failing to reach a deal on an increase in milk prices in more than 10 hours of talks on Thursday, a labour union source said. Farmers said it was up to Lactalis to produce a new offer. European …

  • Traders work on the floor of the New York Stock Exchange (NYSE) in New York City,

    U.S. equities gave up early gains on Friday, hurt by a surging U.S. dollar after Federal Reserve Chair Janet Yellen said that the case for raising U.S. interest rates has strengthened in recent months. European stocks advanced, however, while oil and Treasury prices came off highs as investors across asset classes parsed …

  • U.S. Federal Reserve Vice Chair Stanley Fischer addresses The Economic Club of New York in New York

    Federal Reserve Chair Janet Yellen's speech earlier on Friday was consistent with expectations for possible interest rate hikes this year, Fed Vice Chair Stanley Fischer said, reinforcing the message that the U.S. economy has strengthened. Fischer was asked on CNBC whether people should "be on the edge of our seat" for …

  • A car dealer stands in front of the logo of Hyundai Motor at its dealership in Seoul

    Hyundai Motor's unionised workers in South Korea overwhelmingly voted down a tentative wage deal agreed with the automaker, signalling more strikes and production losses at its biggest manufacturing base. On Wednesday, Hyundai Motor and its labour union in South Korea reached the preliminary deal, which is less generous …

  • Federal Reserve Chair Janet Yellen attends a news conference after chairing the second day of a two-day meeting of the Federal Open Market Committee to set interest rates in Washington

    The case for a U.S. interest rate hike has strengthened in recent months because of improvements in the labor market and expectations for solid economic growth, Federal Reserve Chair Janet Yellen said on Friday. Yellen did not indicate when the U.S. central bank might raise rates, but her comments reinforced the view that …

  • Mustering cattle across rugged terrain and wide open spaces, Australia's newest drover is a far cry from a man with a big hat, a horse and fancy boots. Australia is the world's third largest cattle exporter but with the age of producers creeping higher, and cattle stations averaging about 400,000 hectares (988,420 acres) …

  • A logo is seen at the industrial site of the naval defence company and shipbuilder DCNS in La Montagne near Nantes

    The Paris public prosecutor opened a preliminary investigation after French naval contractor DCNS filed a complaint for breach of trust over a leak of documents concerning six Scorpene submarines it is building for India, a judicial source said. DCNS was left reeling after details from more than 22,000 pages of documents …

  • Abbott has been reluctant to push through the deal and requested to call it off in April, raising concerns about the accuracy of covenants, warranties and various representations made by Alere in the merger agreement. Alere has received two U.S. Department of Justice subpoenas this year as part of two separate government …

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