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  • LONDON, July 22- Gold steadied on Tuesday, paring earlier losses as the dollar gave up some of its gains against the euro after U.S. consumer price data pointed to a gradual buildup of inflationary pressure. Gold could benefit from a higher CPI as the metal is often considered a hedge against inflation.

  • LONDON, July 22- Brent crude oil rose above $108 a barrel on Tuesday, boosted by escalating political tensions over Ukraine and a fall in Libyan output, while U.S. prices were supported by expectations of a drop in national stockpiles.

  • Dems press blocks on corporate tax inversions plans Tuesday, 22 Jul 2014 | 8:35 AM ET

    Democrats, searching for campaign issues before November's congressional elections, have jumped on inversions, and several of them have offered bills that would curb the deals.

  • LONDON/ MUMBAI, July 22- Indian generics firm Lupin, some U.S. drugmakers looking for a tax-saving deal in Europe and private equity funds are planning to bid for a range of older drugs being auctioned by GlaxoSmithKline, five sources familiar with the matter said.

  • Saudi stock market to allow foreign investment Tuesday, 22 Jul 2014 | 8:05 AM ET

    The Cabinet's decision Monday, reported by the official Saudi Press Agency, paves the way for foreign financial institutions to directly buy and sell stocks listed on Saudi Arabia's $530 billion Tadawul All Share Index starting sometime in the first half of 2015..

  • But the price gain in the second quarter resulted in capacity that was either idled, or about to be shut, remaining in operation, according to a July 17 report from Beijing- based consultants AZ China. This is despite some 80 percent of Chinese smelters, representing some 20 million tonnes of annual capacity, operating at a theoretical loss, AZ China said.

  • LONDON, July 22- Gold fell on Tuesday as shares rose on speculation tensions between Russia and the West would ease after signs of cooperation from pro-Russian rebels over the downed Malaysian plane, while a stronger dollar ahead of U.S. data also weighed.

  • *ARM Holdings surges after strong results. LONDON, July 22- European equities bounced back on Tuesday partly in response to signs of improved cooperation from Ukraine's pro-Russian rebels who have agreed to hand over the black boxes from the Malaysian plane downed in Ukraine last week.

  • *EU foreign ministers meeting eyed for message to Russia. LONDON, July 22- The dollar rose to its strongest against the euro in almost six months on Tuesday ahead of U.S. inflation numbers for June which should add to a picture of growing divergence between the U.S. and European economies.

  • LONDON, July 22- Britain's financial watchdog has upheld a 450,000 pound fine on former JPMorgan banker Ian Hannam- a prominent dealmaker once dubbed the "king of mining"- for market abuse after a protracted court battle.

  • UPDATE 4-Oil rises above $108 on Ukraine, Gaza crisis Tuesday, 22 Jul 2014 | 6:48 AM ET

    *Fighting in Ukraine, Gaza adds to oil risk premium. LONDON, July 22- Brent crude oil rose above $108 a barrel on Tuesday, boosted by escalating political tensions over Ukraine and fighting in Gaza, while U.S. prices were supported by expectations of a drop in national stockpiles.

  • BRUSSELS, July 22- European Union foreign ministers threatened Russia on Tuesday with harsher sanctions over Ukraine, but tougher talk may not be matched by much action after France's president signalled the disputed delivery of a warship to Moscow would go ahead.

  • LONDON, July 22- Gold dropped on Tuesday as shares rose on speculation tensions between Russia and the West would ease after signs of cooperation from pro-Russian rebels over the Malaysian plane downed in Ukraine last week.

  • BRUSSELS, July 22- European Union foreign ministers threatened Russia on Tuesday with harsher sanctions over Ukraine, but tougher talk may not be matched by much action after France's president signaled the disputed delivery of a warship to Moscow would go ahead.

  • *Q2 pretax profit up 9 pct to 94.2 stg. LONDON, July 22- ARM Holdings posted a 9 percent rise in second-quarter profit as licensing of its processor technology compensated for a slowdown in high-end smartphone sales that decimated growth in royalties.

  • *Fighting in Ukraine, Gaza adds to oil risk premium. LONDON, July 22- Brent crude steadied around $108 a barrel on Tuesday, supported by expectations of large draws in U.S. oil stockpiles and escalating geopolitical tension over Ukraine causing European foreign ministers to consider further sanctions on Russia.

  • *MSCI Asia hits 3- year peak, Nikkei up after Japan holiday. LONDON, July 22- European markets rode a global rebound in risk appetite on Tuesday helped by the first signs of cooperation from Ukraine's pro-Russian separatists over the downed Malaysian Airlines plane.

  • FOREX-Aussie ticks higher, yen eases back Tuesday, 22 Jul 2014 | 4:12 AM ET

    LONDON, July 22- The Australian dollar rose on Tuesday, the main mover on developed world currency markets, after the country's central bank chief said he was happy with current interest rate levels and made no attempt to talk down the currency.

  • *Credit Suisse to exit commodities trading. ZURICH, July 22- Credit Suisse Group AG reported its biggest quarterly loss since the peak of the financial crisis in 2008, the result of a 1.6 billion Swiss franc settlement with U.S. authorities over helping its clients evade taxes.

  • HONG KONG, July 22- A Chinese market index of the leading Shanghai and Shenzhen A-share listings closed at its highest in three months on Tuesday, with gains coming in heavy volumes as autos, banking and property sectors all strengthened. BYD surged 5.6 percent in Shenzhen, while SAIC Motor Corp rose 1.7 percent to its highest close since February 2013.