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  • 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.

  • *Q2 pretax income up 16 percent to 917 million euros. FRANKFURT, July 29- Deutsche Bank AG's bid to become "last man standing" in European investment banking is working, the bank said on Tuesday, even as the threat intensifies of costly litigation and regulatory actions.

  • LONDON, July 29- Gold hit its highest in nearly a week on Tuesday as violence flared in the Middle East and Ukraine, but gains were capped by uncertainty ahead of a Federal Reserve policy meeting and important U.S. data later this week.

  • *Russia mkts steadier after three days of selling, nerves remain. *China& Hong Kong shares buoyed by economic& stimulus hopes. LONDON, July 29- World shares hovered just below all-time highs on Tuesday as investors drew encouragement from a rally in Chinese markets and beaten-down Russian stocks enjoyed some relief after three days of heavy selling.

  • HOUSTON, July 29- Acting on a request from the central government in Iraq, a U.S. judge has signed an order telling the U.S. But Iraq's central government, in a court filing on Monday, laid claim to the cargo that it says was sold by the regional government of Kurdistan without permission from Baghdad, which has said such deals amount to smuggling.

  • FRANKFURT, July 29- Deutsche Bank's plan to become "the last man standing" in investment banking in Europe is working, the bank said on Tuesday, reporting a 16 percent year-on-year increase in quarterly pretax income.

  • *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.

  • GAZA/ JERUSALEM, July 29- Israel's military pounded targets in the Gaza Strip on Tuesday after Prime Minister Benjamin Netanyahu said his country should prepare for a long conflict in the Palestinian enclave, squashing any hopes of a swift end to 22 days of fighting. Gaza residents reported heavy Israeli bombing in Gaza City.

  • Deutsche Bank posts 29 percent drop in profit Tuesday, 29 Jul 2014 | 3:10 AM ET

    BERLIN— Deutsche Bank AG posted a 29 percent drop in second-quarter net profit Tuesday, hit by what it described as higher taxes, declining revenue and political instability affecting the markets.

  • -Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, July 29- China's refineries produced the most fuel on record in June and oil consumption reached the highest in 17 months, but there are still doubts as to the true strength of demand.

  • *China& Hong Kong shares buoyed by economic& stimulus hopes. "The recent rally of Hong Kong and China stock markets is pretty much liquidity-driven due to favorable fund flow. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.33 percent to be just a whisker from a peak last touched in April 2011.

  • Swiss bank UBS settles German case as profits rise Tuesday, 29 Jul 2014 | 1:45 AM ET

    GENEVA— Switzerland's biggest bank, UBS, reported Tuesday a 15 percent rise in second-quarter profit, driven by strong results from its core wealth management business and trimmed-down investment banking franchises despite a tough market environment.

  • *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.

  • *Geopolitical tensions support $1,300- an-ounce level. SINGAPORE, July 29- Gold was little changed just above $1,300 an ounce on Tuesday, supported by geopolitical tensions in the Middle East and Ukraine, with investors also focusing on U.S. jobs data and a Federal Reserve policy meeting this week.

  • 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..

  • 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..

  • SYDNEY, July 29- Asian shares touched fresh three-year highs on Tuesday as investors in the region drew encouragement from a rally in Chinese markets, though caution was widespread given the torrent of U.S. economic news still to come this week.

  • SYDNEY, July 29- Asian shares ticked higher on Tuesday as investors in the region drew encouragement from a rally in Chinese markets, though caution was widespread given the torrent of U.S. economic news still to come this week.

  • SINGAPORE, July 29- Gold was little changed above $1,300 an ounce on Tuesday, supported by geopolitical tensions in the Middle East and Ukraine, with investors waiting for cues from U.S. jobs data and a Federal Reserve policy meeting this week. *Gold, seen as a safe-haven asset, has benefited from tensions between the West and Russia.