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  • Hong Kong at risk of losing retail rent crown Wednesday, 23 Jul 2014 | 5:00 PM ET

    *Hong Kong rents facing first fall in a decade- CBRE. Hong Kong shop store rents stood at around HK $4,331 per square foot in the first quarter- about 25 percent higher than those in New York and almost triple similar rents in Paris, the world's second and third most expensive cities for retailers respectively, according to property services firm CBRE.

  • Bundesbank chief urges Britain not to quit European Union Wednesday, 23 Jul 2014 | 3:30 PM ET

    *Weidmann says Britain gets economic lift from EU membership. LONDON, July 23- The head of the Bundesbank appealed to Britain on Wednesday to stay in the European Union, saying membership of the bloc had given the country an economic lift and posed little threat to London.

  • July 23- Tupperware Brands Corp, known for its colorful food containers, cut its full-year sales and profit forecast, citing lower sales in Europe. The company, whose shares fell as much as 11 percent, also reported lower-than-expected sales for the second quarter ended June 28 due to poor demand in Germany.

  • *Israel rejects comparisons with Ukrainian disaster. *Israel offers desert airport as alternative. JERUSALEM, July 23- Israel tried on Wednesday to get U.S. and European commercial flights to Tel Aviv restored after some carriers suspended services, insisting its main airport there was safe despite being targeted by Palestinian rockets.

  • SAN FRANCISCO/ FRANKFURT, July 22- European Union antitrust regulators are preparing to step up investigations of Google Inc's practices on several fronts and are likely to revise certain terms of a settlement involving its search engine that was proposed earlier this year, the Wall Street Journal reported on Tuesday.

  • German city Hamburg seeks to ban Uber ride service Wednesday, 23 Jul 2014 | 12:59 PM ET

    HAMBURG/ FRANKFURT, July 23- Hamburg has told Uber, a U.S. car service whose smartphone app summons rides at the touch of a button, to stop operating in the German city, adding to resistance the company has faced globally from local regulators and taxi drivers.

  • The Stuttgart- based maker of cars and trucks has been trying to bounce back after rival Audi eclipsed Mercedes in 2011 as the world's second biggest luxury car maker behind BMW.

  • Trading Dutch well placed to pursue Russia sanctions Wednesday, 23 Jul 2014 | 11:33 AM ET

    But since the downing, allegedly by Moscow- backed rebels in eastern Ukraine, of Malaysian Airlines flight MH17 with the loss of 193 Dutch lives, a growing Dutch chorus has called for the country to use its trade power to hit Russia in the wallet.

  • UPDATE 1-Russian ties, trade lie behind EU sanctions rift Wednesday, 23 Jul 2014 | 11:33 AM ET

    *Germany makes up third of EU exports to Russia, worth 36 bln euros. BRUSSELS, July 23- Germany and Italy have most to lose if the European Union makes good on its threat to impose harsher sanctions on Moscow, while Britain's overseas territories are soaking up the lion's share of capital streaming out of Russia.

  • Israel scrambles to restore foreign flights to Tel Aviv Wednesday, 23 Jul 2014 | 11:26 AM ET

    *Israel rejects comparisons with Ukrainian disaster. *Israel offers desert airport as alternative. JERUSALEM, July 23- Israel tried on Wednesday to get U.S. and European commercial flights to Tel Aviv restored after some carriers suspended services, insisting its main airport there was safe despite being targeted by Palestinian rockets.

  • LONDON, July 23- GlaxoSmithKline cut its 2014 earnings outlook after sales fell by a worse-than-expected 13 percent in the second quarter as its all-important lung drugs struggled in the United States and a strong pound took a bite out of growth.

  • LONDON, July 23- Brent crude oil rose towards $108 a barrel on Wednesday as threats to supplies from oil-producing regions and a drop in U.S. oil stocks overshadowed a stronger dollar. The U.S. Energy Information Administration said U.S. crude stocks fell by 4 million barrels last week, more than expected, while gasoline and distillate stocks rose.

  • Russian ties, trade lie behind EU sanctions rift Wednesday, 23 Jul 2014 | 10:05 AM ET

    *Germany makes up third of EU exports to Russia, worth 36 bln. BRUSSELS, July 23- Germany and Italy have most to lose if the European Union makes good on its threat to impose harsher sanctions on Moscow, while Britain's overseas territories are soaking up the lion's share of capital streaming out of Russia.

  • *Europe has 2 million bpd excess oil refining capacity. LONDON, July 23- Europe is coming under increasing pressure to close oil refineries as chronic over-capacity hits processing margins, dragging down group profits and hitting share prices.

  • EU seeks energy efficiency to ease Russia gas link Wednesday, 23 Jul 2014 | 9:22 AM ET

    BRUSSELS— The European Union's executive is proposing legislation to curb the energy use of households and firms by almost one third by 2030 to reduce greenhouse gas emissions and lower its dependence on gas imports, particularly those from Russia.

  • UPDATE 2-GSK warns on profits as weak lung drug sales hit Wednesday, 23 Jul 2014 | 9:12 AM ET

    LONDON, July 23- GlaxoSmithKline cut its 2014 earnings outlook after sales fell by a worse-than-expected 13 percent in the second quarter as its all-important lung drugs struggled in the United States and a strong pound took a bite out of growth.

  • European carriers suspend more Tel Aviv flights Wednesday, 23 Jul 2014 | 8:29 AM ET

    BERLIN— Air France and Germany's two largest airlines on Wednesday canceled more flights to Tel Aviv because of safety concerns amid the fighting between Israel and Hamas. The European Aviation Safety Agency late Tuesday said it "strongly recommends" that airlines refrain from operating flights to and from Tel Aviv.

  • MOSCOW, July 23- A group of shareholders in Yukos expect a ruling on Monday in a $100- billion claim against Moscow for expropriating the defunct Russian oil company that was controlled by Mikhail Khodorkovsky, once Russia's richest man.

  • Lithuania to adopt euro currency in January Wednesday, 23 Jul 2014 | 7:38 AM ET

    BRUSSELS— The European Union is giving Lithuania the green light to adopt the euro currency starting next year. Alluding to the tensions with Russia over Ukraine, he added deeper integration with western Europe "means greater security as well." Lithuania's Baltic neighbors, Estonia and Latvia, are already members of the euro.

  • MOSCOW, July 23- A group of shareholders in Yukos expect a ruling on Monday in a $100- billion claim against Moscow for expropriating the defunct Russian oil company that was controlled by Mikhail Khodorkovsky, once Russia's richest man, the GML shareholder group fighting the action said.