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Press Releases

GLOBAL MARKETS-Stocks ease, dollar holds ground as U.S. rate bets abound

*Stocks pull back from highs. LONDON, Aug 24- Stocks slipped on Wednesday while the dollar continued to claw back last week's losses as investors grappled with the prospect of a U.S. interest rate increase in the months ahead coming amid continued uncertainty about the strength of the global economy. Asian and world stock indices succumbed to profit-taking...

Source: Reuters

Stratasys Demonstrates Next Generation 3D Printing Technology Designed to Break Barriers in Part Performance and Production Efficiency for Aerospace and Automotive Manufacturing

Advanced additive manufacturing technology demonstrators help customers build on FDM’ s use in manufacturing today to build bigger, stronger, higher quality parts. Boeing and Ford exploring applications enabled by advances in Stratasys technology to help ensure future systems are optimized for large scale manufacturing applications. Siemens’ motion...

Source: Business Wire

Saudi prince to discuss reform drive in visits to China, Japan

DUBAI, Aug 24- Saudi Arabia's powerful Deputy Crown Prince Mohammed bin Salman will discuss the kingdom's drive to cut its reliance on oil exports in visits to China and Japan that begin next week, Saudi media and sources said on Wednesday. From Japan, Prince Mohammed will return to China to chair Saudi Arabia's delegation to the Sept. 4-5 summit of leaders of the...

Source: Reuters

UPDATE 2-Saudi Aramco could reduce stake in $5.5 bln Indonesia refinery project

*Aramco could reduce stake in Cilacap facility- Indonesia govt. *Indonesia hopes to formalise joint venture in Oct. JAKARTA, Aug 24- Oil and gas giant Saudi Aramco may reduce its stake in a proposed $5.5 billion refinery project in Indonesia, the country's energy minister said on Wednesday.

Source: Reuters

US oil and gas lease sale to be broadcast live on internet

The sale Wednesday offers all 23.8 million acres available for drilling and exploration in the Gulf of Mexico off the Texas coast. At earlier sales, an official from the Bureau of Ocean Energy Management read bids to oil company representatives and others in a Superdome ballroom in New Orleans. Such "keep it in the ground" policy could eventually cost Gulf Coast...

Source: The Associated Press

Asian stocks meander as investors await Fed speech; Oil down

Markets were steady following the submarine launch of a ballistic missile by North Korea. KEEPING SCORE: Japan's Nikkei 225 rose 0.6 percent to 16,597.30 on rising hopes for more monetary easing from the Bank of Japan and a raft of government stimulus, while Australia's S&P/ASX 200 added 0.1 percent to 5,561.70. But South Korea's Kospi fell 0.3 percent to...

Source: The Associated Press

Global Ascorbic Acid Market Poised to Surge from USD 820.4 Million in 2015 to USD 1083.8 Million by 2021 – MarketResearchStore.Com

Deerfield Beach, FL, Aug. 24, 2016-- Zion Research has published a new report titled“ Ascorbic Acid Market for Pharmaceutical, Food& Beverages, Personal Care and Other End-user Industries: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015- 2021.” According to the report, the global ascorbic acid market was around 150.2 kilo tons in 2015.

Source: Globe Newswire

UPDATE 1-Oil prices fall on U.S. crude stocks build; fears over China demand

*Beijing tax evasion clampdown raises demand fears. SINGAPORE, Aug 24- Oil prices fell on Wednesday as an unexpected build in U.S. crude inventories weighed on markets, along with concerns that Chinese crude demand could falter as Beijing clamps down on alleged tax evasion in the oil industry. International Brent crude oil futures were trading at $49.32 a barrel...

Source: Reuters

Dubai's Drake & Scull says it has not hired adviser to seek investment

DUBAI, Aug 24- Dubai- listed builder Drake& Scull International has not hired a legal adviser to help to bring a strategic investor into the company, it said on Wednesday. "The company denies the appointment of any legal adviser in connection with bringing in a strategic investor or issuance of mandatory convertible bonds," the company said in a brief statement to...

Source: Reuters

KLX Inc. Reports Second Quarter Financial Results: Net Earnings and EPS Up ~30%

WELLINGTON, Fla., Aug. 24, 2016-- KLX Inc., the world’ s leading distributor and value added service provider of aerospace fasteners and consumables, and a provider of services and products to the oil and gas exploration and production industry, today reported its second fiscal quarter ended July 31, 2016 financial results.. Consolidated revenues of $391.4 million...

Source: Globe Newswire