Marc Ostwald, strategist at ADM Investor Services, says the preliminary reading of the U.K.'s second quarter GDP is unlikely to change the outlook for rates.» Read More
*Amazon.com, Visa down after disappointing results. NEW YORK, July 25- Some disappointing U.S. earnings, including those of Amazon.com, and weak German economic data pressured world stock markets on Friday, while the euro clung to an eight-month low against the U.S. dollar.
BRUSSELS, July 25- The European Union reached outline agreement on Friday to impose the first economic sanctions on Russia over its behaviour in Ukraine but scaled back their scope to exclude technology for the crucial gas sector.
*Amazon.com, Visa down after disappointing results. NEW YORK, July 25- U.S. earnings disappointments, including from Amazon.com, and weak German economic data pressured world stock markets on Friday, while the euro clung to an eight-month low against the U.S. dollar.
*Amazon.com, Visa down after disappointing results. U.S. stocks were lower in early trading, hurt by results from Amazon.com and Visa, the two biggest drags on the S&P 500. Amazon dropped 11.1 percent to $318.79, while Visa was down 4.9 percent at $211.90.
BRUSSELS, July 25- When Dutch Foreign Minister Frans Timmermans spoke to his European Union peers of his grief and anger over the downing of a Malaysia Airlines airliner over eastern Ukraine, it was a turning point in Europe's approach to Russia.
DUESSELDORF, Germany, July 25- Uber, whose smartphone app summons rides at the touch of a button, won a new lease of life in the German city of Hamburg on Friday when a court suspended a ban imposed by local regulators.
*Washington has concerns about Kurdish sales, Iraq split. A sale of Kurdish crude oil to a U.S. refinery would infuriate Baghdad, which sees such deals as smuggling, and raises questions about Washington's commitment to preventing oil sales from the autonomous region.
*Russia anticipates more sanctions over Ukraine- analysts. MOSCOW, July 25- The Russian central bank unexpectedly raised interest rates on Friday, apparently preparing for possible further Western sanctions over Ukraine that could speed up capital flight from Moscow's already battered markets.
Investors punting on the British stock market should eye "not particularly racy industries" like textile cleaning, says J.P. Morgan Cazenove.
LONDON— Britain's economy has grown to surpass the peak it reached in 2008, before the global banking crisis caused a deep recession, official figures showed Friday. The Office for National Statistics said gross domestic product grew by 0.8 percent in the three months through June compared with the previous quarter.
*BSkyB shares fall 3 pct. LONDON/ PARIS, July 25- Britain's BSkyB has agreed to pay $9 billion to buy Rupert Murdoch's pay-TV companies in Germany and Italy, taking its hunt for growth into Europe by creating a media powerhouse with 20 million customers.
*Japan CPI as expected, muted reaction from dollar/yen. LONDON, July 25- The euro struggled to hold above eight-month lows against the dollar on Friday, hurt by a dive in Germany's Ifo survey of business sentiment heading in to the end of the U.S. currency's strongest week since March.
LONDON— London- based pay TV network BSkyB has agreed to take control of its sister companies in Italy and Germany, creating a multinational European satellite giant. BSkyB said Friday it will buy Sky Italia and 57 percent of Sky Deutschland for 5.35 billion pounds from media giant 21st Century Fox.
SYDNEY, July 25- London lead charged to its highest this year on Friday amid a broad spread rally in metals, as investors bought the contract that has underperformed its peers on growing economic optimism over top metals user China. Shanghai lead surged its limit up of four percent, while prices jumped almost two percent in London.
MADRID, July 24- Cash-rich Spanish oil company Repsol beat quarterly profit forecasts as a jump in its refining margin helped cushion production declines and said it would return money to shareholders if it failed to find suitable acquisitions.
But we also shouldn't worry too much, "says Phil Derner, founder of the aviation enthusiast website NYC Aviation. Then you would say there's a systemic problem here, but each event is unique, "said Jon Beatty, president and CEO of the Flight Safety Foundation, an airline industry-supported nonprofit in Alexandria, Virginia, that promotes global aviation safety.
LONDON, July 25- Germany's influential Ifo survey of business sentiment looked set to determine the euro's path at the end of a week marked by a steady upwards push for the dollar that could herald a long-forecast break higher. In early European trade, the euro was virtually unchanged at $1.3461, having recovered from eight-month lows around $1.3438 on Thursday.
The price of oil slipped below $102 a barrel on Friday, falling for a second day after spiking on lower U.S. inventories and tensions in Ukraine and the Middle East. By early afternoon in Europe, benchmark U.S. crude for September delivery was down 38 cents to $101.69 in electronic trading on the New York Mercantile Exchange.
Sentiment was further hit after EU officials said they had agreed on a preliminary plan to impose limits on trade with Russia of defense, technology and other goods with Russia. In Europe, Germany's DAX slumped 1.5 percent to 9,644.01 while the CAC-40 in France dropped 1.8 percent to 4,330.55.
LONDON, July 25- The probability of a solar storm striking Earth in the next decade with enough force to do serious damage to electricity networks could be as high as 12 percent, according to solar scientists. One such storm erupted from the surface of the Sun two years ago, on July 23, 2012.