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Exclusive: Spain rejects Berkeley uranium mine in confidential report


MADRID Spanish authorities have rejected granting a building permit to Berkeley Energia to open the European Union's only open-cast uranium mine near Salamanca, a confidential report seen by Reuters showed.

AIB chief says Irish mortgage market to disappoint but rebound in medium term

DUBLIN AIB chief executive Bernard Byrne said on Wednesday that the Irish market for mortgages would be smaller than expected in 2018, but the shortfall would be erased in the medium term as newly built property becomes available for buyers.

5:15pm EDT

Hurricane Florence, rising mortgage rates hurt U.S. homebuilding

WASHINGTON U.S. homebuilding dropped more than expected in September as construction activity in the South fell by the most in nearly three years, likely held down by Hurricane Florence.

3:58pm EDT

Bidders for Italian restaurant chain fret over Rome's Sunday shopping ban plans: sources

MILAN/LONDON A group of private equity investors bidding for Italy's Old Wild West restaurant chain is fretting over Rome's plans to shut shops on Sundays, four sources familiar with the matter told Reuters, as the ban would undermine the 700 million euro deal.

2:52pm EDT

Exclusive: Amazon zooms in on central Mexico for large new warehouse

MEXICO CITY Amazon.com Inc is scouting for land in central Mexico for a fourth distribution center in the country, sources said, aiming at a bigger slice of the burgeoning e-commerce market in Latin America's second-largest economy.

1:22pm EDT

Waste not, want not: P&G venture aims to squeeze new life out of Italy's dirty diapers

MILAN/LONDON A joint venture between Procter & Gamble and Italian healthcare group Angelini is working to create a sustainable recycling loop that would allow dirty diapers to be turned into plastic bottle caps and viscose clothing.

11:03am EDT

Rising rates knock U.S. mortgage activity to lowest since 2014: MBA

U.S. consumers filed the fewest requests for a mortgage since late 2014 last week as most home borrowing costs reached their highest levels in more than seven years, the Mortgage Bankers Association said on Wednesday.

9:11am EDT

Singapore revises rules to counter 'shoebox apartment' problem

SINGAPORE Singapore on Wednesday announced stricter guidelines on the maximum number of units in new blocks of private flats and condominiums in a move to tackle what authorities have called "excessive development of shoebox units" in the island-state.

6:51am EDT

Total ties up with India's Adani for LNG plants, fuel retail

French oil major Total has signed a deal with Indian conglomerate Adani Group to re-enter the South Asian nation's liquefied natural gas (LNG) market and build 1,500 retail service stations over the coming decade.

3:07am EDT

Investors gloomiest on world growth in decade, cut U.S. equity holdings - BAML poll

LONDON Global investors have the most pessimistic outlook on the world economy since the 2008 financial crisis, according to Bank of America Merrill Lynch's monthly survey, which also showed a sharp fall in U.S. equity allocations.

2:48am EDT