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  • BRUSSELS, July 31- The European Union has published a law that will curb arms sales to Russia and to cut off financing for five major Russian banks over Moscow's support for rebels in Ukraine.

  • EU adopts toughest Russian sanctions yet Thursday, 31 Jul 2014 | 10:17 AM ET

    BRUSSELS, July 31- The European Union formally adopted sanctions on Thursday curbing arms sales to Russia and cutting off financing for targeted banks over Moscow's support for rebels in Ukraine.

  • BUENOS AIRES, July 31- Argentina defaulted for the second time in 12 years after last-ditch talks with what it called "vulture" creditors failed, as focus turned to whether big banks and funds would request the declaration of a "credit event".

  • BOSTON, July 31- USB devices such as keyboards, thumb-drives and mice can be used to hack into personal computers in a potential new class of attacks that evade all known security protections, a top computer researcher revealed on Thursday.

  • BUENOS AIRES, July 31- Argentina defaulted for the second time in 12 years after last-ditch talks with what it called "vulture" creditors failed, though debt insurance prices on Thursday suggested investors believed a deal could eventually be reached.

  • BERLIN, July 31- Volkswagen posted a 3.1 percent drop in second-quarter operating profit due to a plunge in earnings at its core passenger-car division, reinforcing the pressure on Europe's largest automotive group to cut costs.

  • BERLIN, July 31- Adidas, the world's second-biggest sportswear firm, cut its revenue and profit targets for this year and scrapped them for next, blaming a plunge in sales at its golf business and its exposure to a weak Russian market.

  • BUENOS AIRES, July 31- Argentina defaulted for the second time in 12 years after last-ditch talks with what it called "vulture" creditors failed, though debt insurance prices on Thursday suggested investors believed a deal could eventually be reached.

  • Volkswagen 2nd quarter profit up but revenue slips Thursday, 31 Jul 2014 | 6:15 AM ET

    BERLIN— Germany's Volkswagen, Europe's biggest automaker, says its net income rose 14.1 percent in the second quarter although revenues slipped even as unit sales pushed higher. Volkswagen AG said its profit in the April-June period was 3.25 billion euros, up from 2.85 billion a year earlier.

  • *Carrefour profits rise in France, Brazil, Argentina. BERLIN/ PARIS, July 31- Two of Europe's top retailers, France's Carrefour and Germany's Metro, are making progress in their quests to revive performance in their home markets, with Metro rewarding its chief executive with a contract extension.

  • BERLIN, July 31- Volkswagen posted a lower operating profit in the second quarter and stuck to its guidance as emerging market volatility weighed on the German carmaker's results. Operating profit at Europe's largest automotive group dropped 3.1 percent to 3.33 billion euros, VW said on Thursday, matching the consensus forecast in a Reuters poll of analysts.

  • Russia tensions hurting European companies Thursday, 31 Jul 2014 | 5:07 AM ET

    A group representing Germany's machinery industry cut its output forecast sharply on Thursday, pointing to the uncertainty caused by political tension with Russia over its alleged role in destabilizing Ukraine.

  • *OPEC oil output rises in July from June- Reuters survey. LONDON, July 31- Brent crude slipped below $106 a barrel on Thursday as higher OPEC output and disappointing demand in the United States outweighed tensions in the Middle East, Africa and Ukraine.

  • Adidas issues profit warning on Russia, golf risks Thursday, 31 Jul 2014 | 4:01 AM ET

    BERLIN— Sports equipment maker Adidas has lowered its full-year profit target, citing risks in the Russian market and weakness at its golf business. Adidas AG, based in Herzogenaurach, Germany, said Thursday it now expects net profit of about 650 million euros this year, down from its previous forecast of between 830 and 930 million euros.

  • Siemens earnings up 27 pct in April-June quarter Thursday, 31 Jul 2014 | 3:36 AM ET

    BERLIN— Siemens says its net profit rose 27 percent in the April-June period after earnings a year earlier were weighed down by restructuring costs, though the strong euro hurt its revenue and new orders figures. Siemens said that the revenue and orders figures were held back by currency translation effects.

  • BOSTON, July 31- USB devices such as mice, keyboards and thumb-drives can be used to hack into personal computers in a potential new class of attacks that evade all known security protections, a top computer researcher revealed on Thursday.

  • DIARY - Top economic Events to Aug 13 Wednesday, 30 Jul 2014 | 8:00 PM ET

    KOBE, Japan- Bank of Japan board member Takahide Kiuchi speaks to business leaders in Kobe. ROME- French Finance minister Michel Sapin visits Rome. TOKYO- Bank of Japan Governor Haruhiko Kuroda speaks at seminar hosted by Naigai-Josei Chosa-kai in Tokyo- 0330 GMT.

  • *New South Wales wants $10 bln for 49 pct of electricity network. Rooftop solar installations are booming and on-grid energy use is falling just as the government of New South Wales state prepares to offer a 49 percent stake in its electricity distribution network for around $10 billion, likely to one or more strategic investors.

  • BERLIN, July 30- Germany and the European Union are trying to convince several non-EU countries to join the bloc and United States in imposing sanctions against Russia for its support of separatist rebels in eastern Ukraine, the Foreign Ministry said on Wednesday.

  • Dubai, European airlines divert flights over Iraq Wednesday, 30 Jul 2014 | 11:54 AM ET

    BAGHDAD— European airlines and a Dubai- based carrier are rerouting flights over Iraqi airspace as a security precaution amid fears that militants with the Islamic State group have weapons capable of shooting down planes, despite Iraq saying its skies are safe.