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  • *But forecasts worsen for Oman and Bahrain. DUBAI, July 28- Economists have cut growth forecasts for most of the rich oil exporting countries of the Gulf as non-oil business activity slows because of government austerity measures, a quarterly Reuters poll found. Median forecasts for gross domestic product growth this year have been cut for four of the six GCC...

  • The news and information company reported second quarter net earnings of $350 million, or 45 cents per share, compared with $281 million or 33 cents per share, a year ago. Thomson Reuters, the parent of Reuters News, competes for financial customers with Bloomberg LP as well as News Corp's Dow Jones unit. Despite volatile markets and uncertainty among financial...

  • LONDON, July 28- Sterling fell more than half a percent against a broadly stronger euro on Thursday, 3,000 job cuts at British bank Lloyds underlining concerns that the UK economic outlook will only worsen in the months ahead following June's Brexit vote. "Ultimately you are trading a broader range now," said Manuel Oliveri, a strategist with French bank Credit...

  • LONDON— Britain's Lloyds Banking Group said Thursday it plans to eliminate 3,000 jobs and close 200 branches— the first big cuts announced since Britain voted to leave the European Union. "Following the EU referendum, the outlook for the U.K. economy is uncertain and, while the precise impact is dependent upon a number of factors including EU negotiations and...

  • *Fed says near-term risks to economic outlook diminished. *Target interest rate still 0.25 percent to 0.50 percent. WASHINGTON, July 27- The Federal Reserve left interest rates unchanged on Wednesday but said near-term risks to the U.S. economic outlook had diminished, opening the door to a resumption of monetary policy tightening this year.

  • *Fed says near-term risks to economic outlook diminished. *Target interest rate still 0.25 percent to 0.50 percent. WASHINGTON, July 27- The Federal Reserve left interest rates unchanged on Wednesday but said near-term risks to the U.S. economic outlook had diminished, opening the door to a resumption of monetary policy tightening this year.

  • MEXICO CITY, July 27- Fund manager Michael Hasenstab expects Mexico's peso to be supported by the country's solid economy and says investors who are using the currency as a proxy bet against risks in other emerging markets could be burned. However, the number of bets against the currency registered on the Chicago exchange fell sharply since Mexico's central...

  • A comparison of the Federal Reserve's statements from its two-day meeting that ended Wednesday and its meeting June 14-15:. Now: Fed policymakers added a sentence to signal that risks to the economy have faded: "Near-term risks to the economic outlook have diminished." The Fed "continues to closely monitor inflation indicators and global economic and financial...

  • NEW YORK, July 27- Private equity firm Carlyle Group L.P. posted higher-than-expected quarterly earnings on Wednesday as a rebound in oil prices and a firmer global financial market bolstered investment returns. The Washington D.C.- based firm, which manages $175.6 billion, is the latest U.S. buyout company to benefit from stabilising crude prices that have...

  • The GDP data due at 0830 GMT is forecast to show 2 percent year-on-year growth, but it will only incorporate one week of the period after Britain's vote to leave the EU. "They do give us an idea of how the economy was set up going into the referendum so they're not completely insignificant," said RBC Capital Markets currency strategist Adam Cole.

  • *LME lead risks long liquidation if breaks $1,800- Triland. Our economists think markets have become too complacent about the outlook for U.S. monetary policy, "said analyst Carsten Menke at Julius Baer in Zurich. Zinc, the best performing metal on the LME this year, ended down 0.9 percent at $2,229 a tonne, paring losses after touching $2,212, the lowest since July 18.

  • *LME lead risks long liquidation if breaks $1,800- Triland. LONDON, July 26- Copper, zinc and nickel touched one-week lows on Tuesday on market uncertainty ahead of the U.S. central bank meeting and as investors sold to book profits from a recent rally. Our economists think markets have become too complacent about the outlook for U.S. monetary policy, "said analyst...

  • WASHINGTON— The Conference Board releases its report on consumer confidence in July at 10 a.m. Eastern time Tuesday. BEFORE BREXIT: Last month's survey was conducted before Britain voted June 23 to leave the European Union— a surprise decision that rocked financial markets and added considerable uncertainty to the global economic outlook.

  • *LME lead risks long liquidation if breaks $1,800- Triland. Our economists think markets have become too complacent about the outlook for U.S. monetary policy, "said analyst Carsten Menke at Julius Baer in Zurich. Shanghai Futures Exchange copper fell 1 percent to 37,810 yuan a tonne.

  • LONDON, July 26- Bank of England policymaker Martin Weale said he saw the economic outlook differently after much weaker-than-expected British purchasing managers' data, a week after saying he needed firmer evidence before backing an interest rate cut. Weale, speaking to the Financial Times, did not state explicitly if he would back a rate cut when the central...

  • *GFMS lifts 2016 gold price forecast to $1,279/ oz. LONDON, July 26- A surge in Western gold investment helped offset sliding Asian demand in the second quarter, GFMS analysts at Thomson Reuters said on Tuesday, as they hiked their gold price forecast for the year in response to jitters over the economic outlook. In the Q2 update of its Gold Survey 2016, GFMS said it now...

  • LONDON, July 26- Bank of England policymaker Martin Weale said he saw the economic outlook differently after much weaker-than-expected British purchasing managers' data, a week after saying he needed firmer evidence before backing an interest rate cut. Weale, speaking to the Financial Times, did not state explicitly if he would back a rate cut when the central...

  • *Japan to miss FY2020 GDP target of 600 trln yen- govt forecast. *Weak economic growth, fiscal health problems for Japan. TOKYO, July 26- Japan will fail to meet its goal of achieving in fiscal 2020 nominal gross domestic product of 600 trillion yen even in fiscal 2024 if growth remains sluggish, the government's projections showed on Tuesday, adding pressure on...

  • TOKYO, July 26- Japan will fail to meet its goal of achieving in fiscal 2020 nominal gross domestic product of 600 trillion yen even in fiscal 2024 if growth remains sluggish, the government's projections showed on Tuesday. Japan now expects nominal GDP of 551 trillion yen in the fiscal year beginning in April 2020 assuming the current pace of growth, the Cabinet...

  • SEOUL, July 26- South Korea's economy grew 0.7 percent in April-June over the previous quarter, the central bank estimated on Tuesday, accelerating modestly from the previous three-month period as domestic consumption and capex improved. It follows 0.5 percent growth for the first quarter. The Bank of Korea estimates showed private consumption rose by a...