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Europe pares losses, but investors still tread carefully

European markets traded slightly lower on Friday as investors remained cautious after a roller-coaster week in global equity markets.
Source: CNBC.com | By: Alexandra Gibbs
Power shortages threaten launch of Chinese-run Congo copper mine

KINSHASA, Aug 28- Power shortages at a new Chinese-run copper mine in Democratic Republic of Congo could delay the expected October start of production or force output targets to be cut, the mine's deputy director said on Friday. Chinese firms Sinohydro Corp and China Railway Group Limited are building roads and hospitals worth $3 billion in exchange for a 68...
Source: Reuters | By: Aaron Ross
Oil rally resumes: WTI rises more than 3% above $44

Oil prices rose on Friday after bouncing back from six-and-a-half-year lows on recovering equities markets.
Source: Reuters
Poland to service Bulgaria's Soviet-era MiG-29 fighter jets

WARSAW, Poland- Poland's defense ministry says the country has reached a preliminary agreement with Bulgaria to modernize the Balkan country's Soviet-era fleet of MiG-29 fighter jets. The deal comes as Bulgaria seeks to reduce its reliance on Russia in light of the Ukraine crisis, which has made many countries across the former Soviet bloc nervous.
Source: The Associated Press
Greece gets first female prime minister

Judge Vassiliki Thanou was sworn in Friday as Greece's first female prime minister, heading a caretaker government until elections are held next month.
Source: CNBC.com | By: Lori Ioannou
FOREX-Dollar rises on return of calm in markets, U.S. data

*Dollar index on track for largest weekly gain in a month. NEW YORK, Aug 28- The dollar gained for a fourth straight session on Friday, buoyed by calmer financial markets and generally positive U.S. data that supported the notion that the world's largest economy was on a stable growth path. "Overall, markets are finally starting to calm down and the economic data is...
Source: Reuters | By: Gertrude Chavez-Dreyfuss
Fast-food's new target: The snack attack

NEW YORK- Forget the Big Mac attack. This week, Arby's introduced a lineup of sliders, with the miniature versions of its regular sandwiches costing less than $2 each. Taco Bell is promoting its "Dare Devil Loaded Grillers," which are smaller burritos for about a buck.
Source: The Associated Press | By: By CANDICE CHOI, AP Food Industry Writer
TREASURIES-U.S. bond prices rise on stock losses, month-end buying

*Doubts about China persist despite stabilization. NEW YORK, Aug 28- U.S. The index buyers want to get it over with before the weekend, "said Stanley Sun, interest rate strategist at Nomura Securities International in New York.
Source: Reuters | By: Richard Leong
Sell these stocks on the market bounce: Strategist

A rebound from the selloff this week is creating opportunity to get rid of these stocks, traders say.
Source: CNBC.com | By: Stephanie Yang
Ashley Madison CEO steps down in wake of hacking

NEW YORK- The CEO of adultery website Ashley Madison is stepping down in the wake of the massive breach of the company's computer systems and outing of millions of its members. Avid Life Media Inc., Ashley Madison's parent company, says Noel Biderman's departure was a mutual decision and in the best interest of the company. Ashley Madison, whose slogan is "Life is...
Source: The Associated Press