Sanctions are intended to tighten the screws on Russia by targeting broad sections of its economy and financial markets.» Read More
AKRON, Ohio— Goodyear Tire's second-quarter earnings jumped 18 percent to $213 million, though revenue was softer than many had expected and volume slowed in Latin America. Adjusted earnings of 80 cents per share matched Wall Street estimates, according to a poll by Zacks Investment Research.
DUBLIN, July 30- Ireland is in the firing line from Washington again for luring U.S. companies to its shores for tax benefits, but despite contrite noises coming from Dublin, it has too much to lose to discourage U.S. firms bent on shifting their tax domiciles.
*VTB says ready to borrow in other currencies, markets. MOSCOW, July 30- VTB, Russia's second-largest bank by assets, said it is ready to borrow in other currencies and markets after sanctions imposed by the United States thwarted its ability to access dollar financing, a move it called "politically motivated" and "unjust".
*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.
KIEV, July 30- Ukraine's economic decline has accelerated as fighting between the army and pro-Russian separatists in the east took a heavy toll on industry and other economic activity in the last three months.
RICHMOND, Va.— Newport maker Lorillard Inc.' s profit fell 4.2 percent in the second quarter as sales of its market-leading Blu electronic cigarettes dropped and it sold fewer cigarettes.
July 29- Chemical maker Huntsman Corp's quarterly profit more than doubled, driven by higher prices and increased demand for chemicals used in foam insulation and refrigeration. Huntsman, which bought Rockwood Holdings Inc's pigments business for $1.1 billion, said it expects to secure final approval for the deal by the end of the current quarter.
July 30- Rockwell Automation Inc, whose automated systems help factories run smoothly, reported a steeper-than-expected fall in quarterly profit, hurt by lower sales outside the United States and in its largest business.
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.
*Mozambique bets on India's growing demand for coal. LONDON, July 30- Rio Tinto has agreed to sell coal assets it bought through a $4 billion acquisition of Riversdale in 2011 for just $50 million to an Indian joint venture, ending its ill-fated venture in Mozambique's coal sector.
*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.
*European shares slip as Total hurt by Russia. LONDON, July 30- The euro hit an eight-month trough against the dollar on Wednesday and German bond yields were near record lows ahead of inflation data expected to boost the case for further policy easing by the European Central Bank.
BUENOS AIRES, July 30- Argentina faced a race against on time on Wednesday to avert its second default in 12 years, needing either to cut a deal by the end of the day with "holdout" investors suing it or to win more time from a U.S. court to reach a settlement.
MOSCOW, July 30- Russia's Economy Ministry has drafted a regulation introducing import duties on Ukrainian goods, a draft document showed, in an apparent response to Kiev's trade deal with the European Union. Moscow fears that Ukraine may re-export EU products into Russia, avoiding duties that Russia imposes to protect its own output.
MOSCOW, July 30- Russia's Economy Ministry has drafted a regulation introducing import duties on Ukrainian goods, a draft document showed, in an apparent response to Kiev's trade deal with the European Union.
LONDON, July 30- Cement makers lead declines on European equity indexes on Wednesday as Switzerland's Holcim and Germany's HeidelbergCement reported disappointing results, blaming weak emerging-market currencies.
*HeidelbergCement, Holcim confirm outlook for 2014. FRANKFURT, July 30- Cement makers HeidelbergCement and Holcim stuck to targets for a rise in 2014 earnings, saying solid growth in North America and cost cuts should offset unfavorable currency effects, which weighed on second-quarter results.
It hasn’t been a blockbuster summer for the film industry... yet. But "Guardians of the Galaxy" could be about to change that.
*BBVA Q2 profit falls 39 pct year on year. *BBVA shares up, Popular flat. MADRID, July 30- Spain's BBVA posted a lower-than-expected drop in second-quarter lending revenue on Wednesday, helped by resilience in its biggest markets Mexico and improvements in other overseas markets such as Turkey.
LONDON— British officials says driverless cars will be tested on roads in as many as three cities in a trial program to begin in January. Transport Minister Claire Perry said driverless cars could transform Britain's road network and improve safety and traffic flow while reducing carbon emissions.