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  • July 23- Switzerland's Roche is lining up more new drugs to drive sales in a two-year window before cheap copycats of its biotech medicines hit the market, including a promising cancer immunotherapy it hopes to launch by late 2016.. The shares rose 1.1 percent by 0920 GMT on Thursday, with Deutsche Bank analyst Tim Race describing the results as "a modest positive."

  • July 23- Switzerland's Roche expects no copycat competition to its biotech cancer drugs for another two years, giving it space to grow a successful portfolio of new and established medicines. The shares rose 1.5 percent in early trading on Thursday, with Deutsche Bank analyst Tim Race describing the results as "a modest positive." Its three top-selling cancer...

  • 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.

  • 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...

  • Pet food maker Blue Buffalo prices IPO at $20 Tuesday, 21 Jul 2015 | 6:25 PM ET

    July 21- Pet food maker Blue Buffalo Pet Products Inc priced its initial public offering of common stock at $20 per share, valuing the company at about $3.92 billion. The offering raised about $676.6 million after being priced above the expected range of $16- $18 per share. However Nestle SA's pet products company, Purina PetCare Co, questioned these claims in a...

  • METALS-Copper slips on China demand growth worry Tuesday, 21 Jul 2015 | 12:19 PM ET

    *Copper trades up at $5,503 vs $5,480 at Monday's close. LONDON, July 21- Copper prices slipped on Tuesday as the market worried about prospects for demand in top consumer China, where growth has slowed, but a weaker dollar helped cap losses. "From the metals perspective we need to see improving macro data out of China to build a bit of confidence," said Grant Sporre,...

  • UPDATE 1-Tesla skids after third downgrade in a month Tuesday, 21 Jul 2015 | 10:51 AM ET

    July 21- Tesla Motors Inc is just not feeling the love from Wall Street, with UBS on Tuesday becoming the third investment bank this month to downgrade the electric sports-car maker's stock. Tesla unveiled Tesla Energy, batteries for use in homes and offices, on May 1 and is estimated to have got more than $800 million worth of orders in the first five days.

  • Europe approves Amgen's first-in-class cholesterol drug Tuesday, 21 Jul 2015 | 10:49 AM ET

    WASHINGTON— Amgen on Tuesday received European approval for its first-of-a-kind cholesterol drug that lowers levels of the artery-clogging substance more than older drugs that have been prescribed for decades. The U.S. Food and Drug Administration is scheduled to make a decision on a similar drug from Sanofi and Regeneron Pharmaceuticals this Friday.

  • July 21- Tesla Motors Inc is just not feeling the love from Wall Street, with UBS on Tuesday becoming the third investment bank this month to downgrade the electric sports-car maker's stock. Tesla unveiled Tesla Energy, batteries for use in homes and offices, on May 1 and is estimated to have got more than $800 million worth of orders in the first five days.

  • *China ramping up aluminum capacity. LONDON, July 21- Copper prices rose on Tuesday as the dollar slipped but further significant gains look unlikely until the prospect of stronger demand growth in top consumer China becomes clearer. "From the metals perspective we need to see improving macro data out of China to build a bit of confidence," said Grant Sporre,...

  • What change at the top means for Europe's banks Tuesday, 21 Jul 2015 | 1:18 AM ET

    Europe’s big banks have been witnessing a management shake-up that could help boost the long-term prospects of the banking sector, analysts say.

  • FRANKFURT, July 17- Deutsche Bank has disputed allegations by Germany's financial watchdog, sources close to the lender said, in its official response to a preliminary report into interest rate manipulation which threatens sanctions against the bank and individuals. The watchdog, Bafin, issued scathing criticisms of several executives at Deutsche Bank in a...

  • LONDON, July 17- Amid all the uncertainty swirling around financial markets, one clear picture is emerging for investors: U.S. and UK interest rates will soon rise, while most of the rest of the world is easing monetary policy. Federal Reserve chair Janet Yellen and Bank of England governor Mark Carney this week gave their strongest indications to date that they...

  • FRANKFURT, July 17- Deutsche Bank has disputed allegations by Germany's financial watchdog, sources close to the lender said, in its official response to a preliminary report into interest rate manipulation which threatens sanctions against the bank and individuals. The watchdog, Bafin, issued scathing criticisms of several executives at Deutsche Bank in a...

  • ANALYSIS-Counting the cost for Greece and Europe Friday, 17 Jul 2015 | 7:17 AM ET

    BRUSSELS, July 17- When Greek leaders began a shift in policy last year to ease themselves out from under the tutelage of foreign creditors, they hoped it would bring economic as well as political gains. Nine months on, falling output and a slump in asset values have racked up costs to the economy that by one measure stand at over 60 billion euros, or a third of national...

  • NEW YORK, July 16- The Federal Housing Finance Agency disclosed on Thursday that it paid two law firms over $373 million since 2010 to pursue litigation against several banks over mortgage-backed securities sold to Fannie Mae and Freddie Mac before the financial crisis. Stefanie Johnson, an FHFA spokeswoman, said its hiring of private law firms "has been a...

  • *Many sanctions on Iran likely to stay for months. *UK not recommending insurance trade with Iran yet. LONDON/ FRANKFURT, July 16- International banks and most insurers are likely to steer clear of dealing with Iran for some time, fearing they could face more fines from U.S. regulators despite this week's nuclear deal between world powers and Tehran.

  • BRASILIA, July 15- Brazil's investigation of an alleged currency cartel formed by 15 of the world's largest banks could expand to more financial institutions but it is unlikely to result in trading bans, the head of antitrust watchdog Cade told Reuters on Wednesday. Vinicius Carvalho, making his first public comments on the investigation, said the case was...