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  • FRANKFURT, July 29- Germany's HeidelbergCement has re-emerged as a global M&A player with the 6.7 billion-euro takeover of Italcementi, after spending the best part of a decade repairing the damage from its last major acquisition. But on Tuesday night, the firm announced an agreement to buy 45 percent of Italcementi for 1.67 billion euros and bid for the rest,...

  • *Crude futures rise over $1 a barrel before consolidating. NEW YORK, July 29- Oil prices jumped about 2 percent on Wednesday, springing from near six-month lows, after U.S. government data showed a surprisingly large crude stockpile draw that signaled the market may have been wrong in predicting slumping demand for energy. Crude futures have lost over $10 a barrel...

  • *Italcementi jumps after bid from HeidelbergCement. LONDON, July 29- European shares rose on Wednesday, lifted by strong corporate results and bid activity, including HeidelbergCement's move to take control of Italcementi. In Europe, Italcementi surged 49 percent while HeidelbergCement fell more than 6 percent.

  • VW expects China sales growth to grind to halt. BERLIN, July 29- Volkswagen lowered its global sales forecast on Wednesday and said it was braced for stagnant volumes in China, after years of double-digit growth in its biggest market. The German carmaker, which overtook Toyota as the world's largest carmaker by sales in the first half of this year, has long seen...

  • LONDON, July 29- It is barely two weeks since Greece was on the brink of crashing out of the euro, yet some investment banks are now encouraging investors to return to its bond market. Although question remain over whether Greece will be able to stick to the terms of a new deal or will be back at the ballot box within the year, markets have breathed a collective sigh of...

  • *Sugar market to have first deficit in 6 years-Reuters poll. Drought has already begun to threaten production in number two exporter Thailand and top consumer India as weather bureaux confirm the return of the phenomenon which can lead to scorching weather across Asia and heavy rains and floods in South America. "The current drought is more severe than last...

  • July 29- MasterCard Inc, the operator of the world's second largest payment network, reported lower-than-expected quarterly revenue as it offered more rebates and incentives to win deals. MasterCard was also hurt by a strong dollar as markets outside the United States account for nearly 60 percent of its purchase volumes. Mastercard usually pays higher...

  • July 29- Thomson Reuters Corp on Wednesday reported higher-than-expected quarterly profit as the company's biggest division that serves banks and financial institutions showed underlying revenue growth for the first time since 2011.. Thomson Reuters shares, which had been down more than 6 percent in 2015 through Tuesday, rose 4.5 percent after the...

  • MONTREAL/ FRANKFURT, July 29- Canadian plane and train maker Bombardier Inc denied a report on Wednesday that it is in talks with German engineering group Siemens AG on merging their rail units. The news comes after Siemens earlier this year downplayed the idea that it could combine its rail assets, which include trains, trams and signalling technology, with...

  • LONDON, July 29- Barclays' new chairman sought to stamp his mark on the bank on Wednesday by accelerating the sale of assets and cost cutting after the group produced a 12 percent increase in second-quarter profits. Chairman John McFarlane, who arrived at Barclays in April with a reputation for taking bold action, laid out his plans for the bank after ousting Chief...

  • Federal Reserve building in Washington, D.C., U.S.

    European stocks finished higher on Wednesday after a bumper day of earnings, while investors awaited news from a two-day policy meeting of the U.S. Federal Reserve.

  • Former Greek finance minister Yanis Varoufakis.

    A Greek prosecutor will investigate whether the law was broken after ex-finance minister Yanis Varoufakis revealed plans to hack tax codes.

  • HARARE, July 29- Metallon Corp, the biggest gold producer in Zimbabwe, said it missed its first-half output target by 19 percent due to equipment breakdowns, in another setback for the country's mining sector, which has been hit by slumping commodities prices. London- based Metallon, which is not listed, owns fives mines in Zimbabwe, three operational and two which...

  • July 29- Express Scripts Holding Co, the largest pharmacy benefit manager in the United States, on Wednesday said the cost of potent new cholesterol drugs called PCSK9 inhibitors could "wreak financial havoc" among its clients. U.S. regulators on Friday approved the first of the new medicines, Praluent from Regeneron Pharmaceuticals Inc and Sanofi SA.

  • WASHINGTON, July 29- Greece's international creditors will have no choice but to accept an easing of the terms of Athens' debts, the head of the International Monetary Fund said on Wednesday. The IMF has teamed up with the European Union and the European Central Bank in recent years to lend Greece money repeatedly to save it from a debt crisis.

  • LISBON, Portugal— The Portuguese government is recommending its staff try cycling in an effort to reduce carbon dioxide emissions and save money on gas. The goal is to save 50 million euros and reduce the government fleet's CO2 emissions by 20 percent between 2015 and 2020. That also means getting the over half-a-million government employees to think green...

  • *Online barter platforms see business boom. *Bartering more common in rural areas, remote villages. LAMIA, Greece, July 28- Wild boar and power cuts were Greek cotton farmer Mimis Tsakanikas' biggest worries until a bank shutdown last month left him stranded without cash to pay suppliers, and his customers without money to pay him.

  • NEW YORK, July 29- The dollar held steady against major currencies on Wednesday as traders awaited possible clues from the Federal Reserve on whether it will raise interest rates, perhaps as early as September. Although inflation has remained below the Fed's 2 percent target and overseas developments including the European debt crisis and most recently...

  • KIEV, July 29- Heavily indebted Ukraine may borrow $1 billion in November via a new sale of U.S.-backed bonds, part of a broader international support package Kiev expects to receive by the end of the year. Washington announced earlier this year that it could provide up $2 billion in loan guarantees to near-bankrupt Ukraine. Kiev used the first tranche of the...

  • HELSINKI— Nokia says it's launching a virtual reality camera that will be able to capture three-dimensional video designed for professional content creators. The ball-shaped Nokia OZO VR camera includes eight synchronized shutter sensors and eight integrated microphones for spatial audio. Nokia, which developed the product at its R&D center in Finland,...