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  • UPDATE 1-Brent hovers near $107.50 ahead of U.S. data Wednesday, 30 Jul 2014 | 1:15 AM ET

    *U.S., EU impose more sanctions on Russia over Ukraine. *Libya says oil output stays at 500,000 bpd. Geopolitical tensions in the Middle East, Africa and Europe continued to underpin prices, although so far there has been no major disruption to oil supplies.

  • Brent hovers near $107.50 ahead of U.S. data Tuesday, 29 Jul 2014 | 11:43 PM ET

    *U.S., EU impose more sanctions on Russia over Ukraine. *Libya says oil output stays at 500,000 bpd. Geopolitical tensions in the Middle East, Africa and Europe continued to underpin prices, although so far there has been no major disruption to oil supplies.

  • WASHINGTON, July 29- The Obama administration on Tuesday pushed for Congress to renew a 14- year-old trade program giving African countries duty-free access to U.S. markets, warning that allowing the program to expire would disrupt trade flows between the two regions.

  • Business Highlights Tuesday, 29 Jul 2014 | 6:03 PM ET

    SAN FRANCISCO— Dustin Moskovitz has learned a lot about communication since he teamed up with his college roommate Mark Zuckerberg to create Facebook a decade ago.

  • *EU reaches deal on Russia sanctions, prompts short rally. NEW YORK, July 29- Brent crude ended slightly higher on Tuesday as new sanctions on Russia looked set to worsen relations between Moscow and the West, while U.S. prices slipped after a Kansas refinery fire curbed demand for WTI crude.

  • VW set to overtake Toyota as global auto leader Tuesday, 29 Jul 2014 | 5:00 PM ET

    TOKYO, July 30- Volkswagen is poised to overtake Toyota Motor Corp as the global leader in vehicle sales, with a rapid expansion drive in China- the world's biggest auto market- while Toyota curbs growth to focus on shoring up quality.

  • WASHINGTON, July 29- The Obama administration on Tuesday pushed for Congress to renew a 14- year-old trade program giving African countries duty-free access to U.S. markets, warning that allowing the program to expire would disrupt trade flows between the two regions.

  • CLEVELAND, July 29- Casablanca Capital triumphed on Tuesday in its proxy battle with miner Cliffs Natural Resources Inc, preliminary estimates show, putting the hedge fund in a position to replace Cliffs' chief executive and sell off underperforming assets.

  • *EU reaches deal on Russia sanctions, prompts short rally. Brent futures pared losses after news that European Union governments agreed on Tuesday to impose additional economic sanctions on Russia.

  • WASHINGTON, July 29- A U.S. appeals court on Tuesday rejected a food industry challenge to a federal rule concerning labeling requirements for meat, a ruling that could have a major impact on businesses fighting federal regulation on free-speech grounds.

  • LONDON, July 29- Brent crude oil fell towards $107 a barrel on Tuesday as ample supply outweighed concerns over political tensions in the Middle East, Africa and Europe. Despite conflicts in Ukraine, Iraq and Libya, global oil production has exceeded demand, leaving pockets of excess supply in Africa and Europe.

  • LONDON, July 29- Brent crude oil steadied around $107 a barrel on Tuesday as ample supply offset concerns over political tensions in the Middle East, Africa and Europe. Despite conflicts in Ukraine, Iraq and Libya, global oil production has exceeded demand, leaving pockets of excess supply in Africa and Europe.

  • Top doctor dies from Ebola after treating dozens Tuesday, 29 Jul 2014 | 9:18 AM ET

    Two American health workers are currently hospitalized with Ebola in neighboring Liberia. The Ebola outbreak is the largest in history with deaths blamed on the disease not only in Sierra Leone and Liberia, but also Guinea and Nigeria.

  • LONDON, July 29- Brent crude oil steadied around $107 a barrel on Tuesday as ample supply offset political tensions in the Middle East, Africa and Europe. Despite conflicts in Ukraine, Iraq and Libya, global oil production has exceeded demand, leaving pockets of excess supply in Africa and Europe.

  • IMF approves new $5B credit line for Morocco Tuesday, 29 Jul 2014 | 6:32 AM ET

    RABAT, Morocco— The International Monetary fund has announced a new, two-year $5 billion credit line for Morocco to support reform efforts. The new support follows up on an earlier two year credit agreement approved in 2012 to protect Morocco from shocks of the global economic crisis as it struggled in the aftermath of the Arab Spring.

  • *Libya slides into chaos, but market expects low output. LONDON, July 29- Brent crude oil stabilized around $108 a barrel on Tuesday as ample supply offset geopolitical tensions in the Middle East, Africa and Europe. Despite conflicts in Ukraine, Iraq and Libya, global oil production has exceeded demand, leaving pockets of excess supply in Africa and Europe.

  • Avoiding plane crashes as air traffic doubles Tuesday, 29 Jul 2014 | 3:01 AM ET

    NEW YORK— More travelers are flying than ever before, creating a daunting challenge for airlines: keep passengers safe in an ever more crowded airspace. Each day, 8.3 million people around the globe— roughly the population of New York City— step aboard an airplane.

  • *Israel warns of protracted war in Gaza. SINGAPORE, July 29- Oil prices slipped for a second session on Tuesday, with Brent edging down toward $107 a barrel, as ample supply offset geopolitical tensions in the Middle East, Africa and Europe.

  • Brent dips toward $107 as ample supplies weigh Monday, 28 Jul 2014 | 11:47 PM ET

    *Israel warns of protracted war in Gaza. SINGAPORE, July 29- Oil prices slipped for a second session on Tuesday, with Brent edging down toward $107 a barrel, as ample supply offset geopolitical tensions in the Middle East, Africa and Europe.

  • HONG KONG, July 29- China's Huawei Technologies Co Ltd said smartphone shipments in the first half rose 62 percent year-on-year, as it targets the more expensive smartphone sector dominated by Samsung Electronics Co Ltd and Apple Inc..