Lyn Graham-Taylor, fixed income strategist at Rabobank, says he is "very positive" on the European periphery bonds and advises going long Spain, short Germany.» Read More
GENEVA— Switzerland's central bank is reporting a profit of 16.1 billion Swiss francs for the first half of the year, a big turnaround from its loss of 9 billion francs for 2013.. The Swiss National Bank says the profit in its half-year results is largely based on gains in the gold, foreign exchange and capital markets.
ZURICH, July 31- Swiss bank Credit Suisse on Thursday became the latest major European bank to say it was caught up in an investigation into alternative trading venues known as dark pools.
July 31- A group of World Trade Organization members has informally discussed adopting a global overhaul of customs rules without India if New Delhi goes ahead with threats to block the deal, sources familiar with the talks said on Thursday.
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.
BRUSSELS— The European Union targeted Russian President Vladimir Putin's inner circle for the first time Wednesday for the Kremlin's actions in Ukraine, subjecting three of his long-time associates to EU-wide asset freezes and travel bans.
*Hamas vows to fight on until Gaza blockades lifted. GAZA/ JERUSALEM, July 30- Israeli shelling killed at least 15 Palestinians sheltering in a U.N.-run school and another 17 near a street market on Wednesday, Gaza's Health Ministry said, with no ceasefire in sight after more than three weeks of fighting.
*Flows of Russian wealth to Singapore rising. *Banks in Singapore are clamping down on who they let in. New sanctions imposed by Washington and Europe over the Ukraine crisis have prompted firms such as VTB- Russia's second-largest bank by assets- and Gazprombank to look east for new sources of funding.
BRUSSELS— The European Union's sanctions against Russia are bound to inflict pain on the country's ailing economy. While still narrowly targeted, they come as a warning shot to convince Moscow to change its Ukraine policies or face even tougher penalties. EU officials say the penalties can be eased if Moscow cooperates in Ukraine.
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.
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.
Secretary of State John Kerry, who arrived in India on Wednesday for an official visit, has pressed New Delhi to drop its opposition to global trade reforms, saying it was a test of the country's commitment to advance economic liberalisation.
LONDON, July 30- U.S. and European companies dominate the global market in oil exploration and production, especially projects requiring complex engineering and reservoir management, but they will face increasing competition from China over the next decade.
*U.S., EU impose more sanctions on Russia over Ukraine. LONDON, July 30- Brent crude oil steadied below $108 a barrel on Wednesday, weakened by ample supplies in Europe and Asia, while U.S crude edged higher after data showed a large drop in stockpiles.
MOSCOW, July 30- Russia has proposed that Apple Inc and SAP hand the government access to their source code to make sure their widely used products are not tools for spying on state institutions.
*Poland says ban is retaliation for EU sanctions on Russia. MOSCOW/ WARSAW, July 30- Russia announced a ban on most fruit and vegetable imports from Poland on Wednesday and said it could extend it to the entire EU, a move Warsaw called Kremlin retaliation for new Western sanctions over Ukraine imposed on Russia a day earlier.
MOSCOW/ KIEV, July 30- Russia fought back on Wednesday over new U.S. and EU sanctions imposed over Ukraine, where fighting between Moscow- backed rebels and government troops has intensified since a Malaysian airliner was shot down.
*Airbus Group says cancellations linked to overbooking. *Airbus says focusing on Dassault stake sale. PARIS, July 30- Airbus Group moved to allay concerns over a wave of order cancellations on Wednesday, sparking a rally in its shares helped by better than expected half-year results.
That could hinder OPEC's ability to boost output later in the year, when the International Energy Agency expects demand for OPEC crude to rise. Outages in the group, such as in Iraq and Libya, are effectively helping OPEC to balance the market, rather than voluntary cutbacks, say analysts.
*U.S., EU impose more sanctions on Russia over Ukraine. While there has been no major disruption to oil supplies due to tensions in the Middle East, Africa or Europe, fears that exports could be curtailed underpin crude prices.