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  • GM profit 2Q falls 85 pct. on recall costs Thursday, 24 Jul 2014 | 7:35 AM ET

    DETROIT— Recall costs chopped $1.5 billion from General Motors' bottom line in the second quarter, cutting its net income by 85 percent. Without one-time items GM would have made 58 cents per share, equaling Wall Street's expectations.

  • EU targets state-owned Russia banks in sanctions draft Thursday, 24 Jul 2014 | 7:15 AM ET

    *EU patience with Russia running out. BRUSSELS, July 24- The European Union would target state-owned Russian banks and their ability to finance Moscow's faltering economy in its most serious sanctions so far over the Ukraine crisis under proposals considered by EU governments on Thursday, diplomats said.

  • *Physical premiums in China increase, but imports down. LONDON, July 24- Gold broke below the psychological level of $1,300 an ounce for the first time in a week on Thursday as robust economic data from China and the euro zone deterred investors from buying into safe haven assets like the metal.

  • LONDON, July 24- Brent crude dipped below $108 a barrel on Thursday as unseasonably weak demand from European refiners and plentiful supplies offset strong Chinese factory data. Brent for September delivery was down 31 cents at $107.72 a barrel by 0909 GMT, after closing 70 cents higher on Wednesday.

  • *US tech stocks buoyed by Apple; Facebook at record high. LONDON, July 24- The euro pulled off 8- month lows against the dollar on Thursday after the bloc's private sector expanded at its fastest rate in three months in July, and emerging equities hovered near 17- month highs after strong Chinese data.

  • The company forecast that pretax profits for the 12 months to the end of September would be in the range of 545 million pounds to 570 million pounds and the range included the impact from situations in Israel, Egypt and Moscow.

  • MOSCOW, July 24- Most of Vladimir Paley's clients want him to dig up their family history with one goal in mind: making a case to obtain foreign citizenship and leave Russia.

  • SINGAPORE, July 24- Brent crude held steady above $108 a barrel on Thursday as a surprisingly strong reading on Chinese manufacturing bolstered hopes for higher demand in the world's No.2 oil consumer. Brent crude for September delivery traded up 8 cents at $108.11 a barrel by 0539 GMT, after closing 70 cents higher on Wednesday.

  • SINGAPORE, July 24- Brent crude was steady above $108 a barrel on Thursday, holding on to the previous day's gains, after a surprisingly strong reading on Chinese manufacturing bolstered hopes for higher demand in the world's second-biggest oil consumer.

  • SINGAPORE, July 24- Gold broke below the key psychological level of $1,300 an ounce on Thursday as safe-haven demand for the metal eased due to rising Asian equities and strong Chinese manufacturing data.

  • MOSCOW, July 23- Russian officials on Wednesday lined up to dismiss the economic impact of Western sanctions imposed for Moscow's role in the Ukraine crisis, saying they were "peanuts" compared to what their country had to face during Soviet times.

  • July 24- Insurers are expected to hike war risk premiums for airlines following losses due to global conflicts, including the downing of a Malaysia airplane over Ukraine, insurance rating agency A.M. Best Company said on Wednesday.

  • SINGAPORE, July 24- U.S. crude was little changed near $103 a barrel in early Asian trading on Thursday, holding on to previous day gains due to a higher-than-expected decline in crude inventories. Geopolitical tensions in Eastern Europe and the Middle East helped underpin oil prices, but had yet to cause disruptions to well-supplied global crude markets.

  • SINGAPORE, July 24- Gold was holding its ground above $1,300 an ounce on Thursday as violence deepened in the Middle East over the Gaza strip and as holdings in the top bullion-backed fund rose on safe-haven bids. *Meanwhile, tensions remained high between Russia and the West over Ukraine.

  • *U.S. crude stocks down 4 mln barrels, Cushing down 1.4- EIA. NEW YORK, July 23- Crude oil futures rose on Wednesday, as oil stockpiles in the United States fell more than expected and geopolitical tensions in Eastern Europe and the Middle East persisted.

  • No quick decision seen on tougher EU sanctions on Russia Wednesday, 23 Jul 2014 | 3:19 PM ET

    But the downing last week of a Malaysia Airlines plane over eastern Ukraine, killing 298 people, jolted the EU into action. Foreign ministers for the first time this week singled out sectors of the Russian economy that the EU might target with sanctions in protest at Moscow's actions in eastern Ukraine.

  • LONDON, July 22- Like so much in the investment world of late, it's what financial markets are not doing right now that is most intriguing. Over the course of the past month, conflicts, superpower standoffs and economic sanctions have flared in Iraq and Syria, Israel and Gaza, Ukraine and Russia.

  • MOSCOW, July 23- Russian officials on Wednesday lined up to dismiss the economic impact of Western sanctions imposed for Moscow's role in the Ukraine crisis, saying they were "peanuts" compared to what their country had to face during Soviet times.

  • Lisbon rallies as European shares edge higher Wednesday, 23 Jul 2014 | 12:56 PM ET

    *Investors keeping wary eye on Ukraine crisis. LONDON, July 23- Portugal's stock market outperformed other European bourses on Wednesday, rallying after investors bought stakes in the country's troubled lender Banco Espirito Santo.

  • *Energy minister blames Gazprom "threat". the EU to antagonize Russian gas producer Gazprom, a heavy critic of the flows. Ukraine uses around 50 billion cubic meters of gas per year and has increased efforts to secure more gas from the EU after Gazprom raised prices for its supplies in a spat which has added to the crisis in the ex-Soviet state.