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  • July 24- Encana Corp, Canada's No.1 natural gas producer, said it had laid off about 200 employees this month, joining a growing list of oil producers cutting jobs to cope with a steep fall in crude prices. Encana's shares fell 10 percent to a 13- year low of C $10.10 after the company reported a bigger-than-expected quarterly loss due to weak production.

  • UPDATE 1-Cloud services seen growth driver for Amazon Friday, 24 Jul 2015 | 10:36 AM ET

    July 24- Amazon.com Inc's shares surged more than 20 percent in early trading on Friday, adding more than $46 billion to the company's market value, after strong growth in the e-commerce giant's cloud business drove a surprise quarterly profit. The company's market capitalization soared to more than $270 billion, overtaking that of Wal-Mart Stores, the...

  • On cloud nine: Web growth powers Amazon shares Friday, 24 Jul 2015 | 8:02 AM ET

    July 24- Amazon.com Inc's shares surged 18 percent in premarket trading on Friday, adding more than $44 billion to the company's market value, after strong growth in the company's cloud business drove a surprise quarterly profit. The jump in shares- setting up the stock for its best trading day in five years- takes Amazon's market capitalization to about $270...

  • LONDON, July 24- The Australian dollar sank to a six-year low and other currencies closely related to global commodities prices were under pressure on Thursday after the worst reading on sentiment in Chinese manufacturing in more than a year. With the euro, yen and dollar in tight ranges, eyes were also on the yuan, China's long closely controlled currency, which...

  • HONG KONG/ TOKYO, July 24- Asian equities stumbled on Friday after a survey showed China's manufacturing activity crumbled to 15- month lows, rekindling concerns for the region's exports as the world's second-largest economy struggles to arrest a broad downturn. MSCI's broadest index of Asia-Pacific shares outside Japan was down about 1 percent in early...

  • TOKYO, July 24- The euro hovered near one-week highs against the dollar on Friday on relief from Greece taking another step towards a bailout, while the Australian dollar sank to a six-year low after weak China factory data. The Aussie, often used as a liquid proxy for China trades, hit a six-year trough of $0.7295 after the flash Caixin/ Markit July Manufacturing...

  • TOKYO, July 24- The euro hovered near one-week highs against the dollar early on Friday as relief from Greece taking another step towards a bailout prompted bouts of short-covering, while lower U.S. debt yields put the greenback on the defensive versus the yen. European economic indicators and inflation data are not as strong as they were at the start of the year,...

  • *U.S. banks seen winning share despite Europe markets boom. LONDON, July 23- While Europe's financial markets are buzzing with billions of dollars of stimulus from the European Central Bank, U.S. financial houses look set to be the biggest beneficiaries of the surge in business as European banks continue to retrench. The U.S. banks all clearly think there is more...

  • Gauge of future health of economy up 0.6 percent in June Thursday, 23 Jul 2015 | 10:23 AM ET

    WASHINGTON— An index designed to predict the future health of the U.S. economy posted another solid increase in June, providing further hope that the economy will gain momentum in the second half of this year. Jesse Hurwitz, an economist at Barclays, said that the solid advance in the index was a reflection of a broad pickup in economic data in recent months which...

  • WASHINGTON— Surrounded by supporters as he announced his bid for the presidency, Jeb Bush decried the "swarms of lobbyists" holding sway in Washington and said he was the candidate ready to do something about it. "Look, the rest of the country struggles under big government, while comfortable, complacent interest groups in Washington have been thriving on it."

  • *2nd- qtr earnings $1.42/ shr vs est $1.32/ shr. This helped AmEx report earnings of $1.42 per share instead of $1.32 per share as analysts had estimated, according to Thomson Reuters I/B/E/S. AmEx's net income attributable to common shareholders fell 5 percent to $1.44 billion as a stronger dollar cut into revenue from markets outside the United States.

  • July 22- Credit card issuer American Express Co reported a 5 percent fall in quarterly profit as a stronger dollar reduced revenue from markets outside the United States. The company's net income attributable to common shareholders declined to $1.44 billion, or $1.42 per share, in the second quarter ended June 30, from $1.52 billion, or $1.43 per share, a year...

  • July 22- Shares of Blue Buffalo Pet Products Inc rose as much as 37 percent in their debut, valuing the maker of Blue Wilderness and other dog and cat foods at $5.38 billion and highlighting growing demand for "healthier" meals for pets. Nestle SA, which makes Purina branded pet food, has questioned those claims in a lawsuit. The offering raised $676.6 million after...

  • Pet-food maker Blue Buffalo shares soar in debut Wednesday, 22 Jul 2015 | 11:40 AM ET
    Blue Buffalo pet food

    Shares of Blue Buffalo Pet Products rose as much as 36 percent in their debut, valuing the company at $5.34 billion.

  • Shares of pet-food maker Blue Buffalo soar in debut Wednesday, 22 Jul 2015 | 11:13 AM ET

    July 22- Shares of Blue Buffalo Pet Products Inc rose as much as 36 percent in their debut, valuing the owner of pet-food brands such as Blue Basics and Blue Wilderness at $5.34 billion. The company's initial public offering raised $676.6 million, after its shares were sold at $20 apiece, well above the expected price range of $16- $18 per share.

  • *Bitcoin tech seen holding more potential than currency. *Blockchain may be used for share deals, property rights. LONDON, July 22- A year ago, bitcoin was widely dismissed as little more than a way for drug-dealers and terrorists to move money around anonymously.

  • The capital of euro trading prospers outside the euro zone, but London's dominance of the $5.3 trillion- a-day foreign exchange market could wane if Britain left the European Union. "If the UK left the European Union, London's dominance of foreign exchange including euro trading would gradually decline and then end as the flows moved to Asia and other European...

  • LONDON, July 22- Disappointment over U.S. corporate earnings, most notably at Apple Inc, the world's largest company, pushed stocks lower on Wednesday and investors towards the shelter of bonds. British investors are also awaiting the latest Bank of England policy minutes, which may show a more hawkish tilt towards raising rates. "Despite a beat at the earnings...

  • *Weak results from IBM, Apple take a toll on U.S. shares. MSCI's broadest index of Asia-Pacific shares outside Japan extended losses and was down about 1 percent. S&P 500 mini futures were down about 0.4 percent from late U.S. levels, after U.S. equities tumbled on weak earnings from bellwethers IBM and United Technologies, while Apple Inc slumped in late trading...

  • Why a weak monsoon won't rain on India's parade Tuesday, 21 Jul 2015 | 9:31 PM ET

    Indian policymakers needn't worry about deficient rains bringing back ghosts of inflation past, economists argue.