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News Headlines:    U.S. stock markets closed higher Thursday lifted by economic reports indicating an economic recovery may be on its way.

The FTSE 100 is poised to ease off its best levels in a year, with the rally capped by concern that the power blackout across the Eastern United States will disrupt trading.Pay rises in Britain's engineering and manufacturing sectors lagged inflation in the three months to the end of July

Scottish and Newcastle said its 50 percent owned Baltic Beverages Holding in Eastern Europe, one of its key growth businesses, saw first-half 2003 sales dip 14 percent.

Amlin Plc Lloyd's of London insurer said on Friday it was continuing to experience good trading conditions in all its principle lines of business and was increasingly confident about its full-year prospects.

GSK's asthma drugs Serevent and Advair will carry new warnings about a higher, though small, risk of life-threatening asthma attacks and deaths, U.S. regulators saidVodaphone is likely to announce the sale of the fixed-line business of its Japan Telecom unit to U.S. investment fund Ripplewood Holdings next weekLonmin The Independent newspaper said shares in the platinum miner were lifted on Thursday by talk it could be a bid target for Russian metals giant Norilsk Nickel.Standard Chartered The Guardian said talk resurfaced that the Asian specialist bank could be a bid target, adding that it would be an attractive target for Barclays or Citigroup Boosey & Hawkes The Times newspaper said shares in the music publisher were lifted on Thursday by speculation that investment vehicle Guinness Peat Group GPG.L may accelerate Boosey sale talks after increasing its stake in the firm to 15.6 percent.HSBC said its Mexican financial group, Bital, was betting on the country's flourishing but competitive pension fund business with a deal to buy fund manager AFORE Allianz Dresdner for $200 million Rio Tinto said it will permanently close down its six-year-old Fortaleza de Minas nickel mine, concentrator and smelter in mid-2005 because of lack of reserves.

Calendar All GMT	United Kingdom (F)inals (I)nterim	United States (Click Flag)	Europe & World
Fri 15th	Reporting: T Clarke (I)	13.30 July CPI m/m 0.2% exp. 13.30 August Empire State Manufacturing Index 14.15 July Industrial Production 0.2% exp. 14.15 July Capacity Utilization 74.4% 14.50 Aug Pre Michigan Sentiment 91.0 exp.
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