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  • China's already volatile benchmark stock index, with a combined market capitalisation of $4.6 trillion, has lost 10 percent in the last two days of trade. "Typically, equity markets do have a high correlation to quarterly GDP growth," Deutsche Bank strategist Michael Lewis said. Brent was down 97 cents at $52.50 a barrel by 1410 GMT, having hit a session low of $52.28,...

  • China's already-volatile benchmark stock index, with a combined market capitalisation of $4.6 trillion, has lost 10 percent in the last two days of trade. "Typically, equity markets do have a high correlation to quarterly GDP growth," Deutsche Bank strategist Michael Lewis said. Brent was down 72 cents at $52.75 a barrel by 1054 GMT, having hit a session low of...

  • PARIS, July 28- France's largest telecom operator Orange inched closer in the second quarter to a long-awaited recovery as customers shifted to premium high-speed mobile and broadband services, allowing it to confirm annual profit, debt and dividend targets. Analysts welcomed what they said was a slight beat on revenue and core profit as strong commercial...

  • China's already-volatile benchmark stock index, with a combined market capitalisation of $4.6 trillion, has lost 10 percent in the last two days of trade. "Typically, equity markets do have a high correlation to quarterly GDP growth," Deutsche Bank strategist Michael Lewis said. Brent had fallen 78 cents to $52.69 a barrel by 0821 GMT, having hit a session low of...

  • *European, U.S. stocks shrug off China fall. Germany's DAX, France's CAC 40 and Britain's FTSE 100 were all up around 0.5 percent too, while S&P futures pointed to similar gains at the open on Wall Street. Earlier, MSCI's broadest index of Asia-Pacific shares outside Japan ended the day 0.2 percent higher after falling nearly 1 percent early on, touching its lowest...

  • LONDON, July 27- Speculators have confirmed what everyone else has been thinking: expect more falls in commodities, as worries about China and higher interest rates combine with waning sentiment to suggest markets are heading further south. Losses are not new, with oil and gold having peaked in July 2008 and September 2011 respectively, while iron ore has been on...

  • European shares close sharply lower on China concerns Monday, 27 Jul 2015 | 12:28 PM ET

    *China- exposed stocks among top decliners. LONDON, July 27- European equities dropped to a two-week low on Monday, recording their fifth straight daily decline, as fears for China's growth prospects overshadowed some forecast-beating results. But shares fell further following a weaker start on Wall Street on concerns that China's growth prospects were...

  • New heart drugs come in more expensive than expected Monday, 27 Jul 2015 | 6:02 AM ET

    *Sanofi, Novartis set high prices for Praluent, Entresto. Praluent, made by Sanofi and Regeneron Pharmaceuticals, and Entresto from Novartis are both treatments that represent significant advances for millions of patients at risk of serious heart problems. Sanofi and Regeneron, which won U.S. approval on Friday for Praluent to treat stubbornly high...

  • EXCLUSIVE-Atkins Nutritionals heads for IPO -sources Friday, 24 Jul 2015 | 1:19 PM ET

    July 24- Atkins Nutritionals Inc plans to pursue an initial public offering after an effort to sell the U.S. maker of protein bars, shakes and frozen meals did not meet its price expectations, according to people familiar with the matter. Atkins' private equity owner, Roark Capital Management LLC, is now seeking a valuation of roughly $1 billion, including debt, for...

  • *AbbVie CEO sees 2015 Humira growth in mid-teens. July 24 (Reuters)- AbbVie Inc reported quarterly revenue that missed analysts' estimates for the first time in six quarters, sparking concerns over slowing sales growth for its flagship arthritis drug, Humira. AbbVie reported total Humira sales of $3.54 billion for the quarter ended June 30, a 7.6 percent fall from a...

  • July 24- AbbVie Inc on Friday reported quarterly revenue that missed analysts' estimates for the first time in six quarters, sending its shares down 3 percent in premarket trading. Deutsche Bank analyst Robyn Karnauskas attributed the revenue miss to smaller-than-expected sales of AbbVie's hepatitis C treatment, Viekira Pak, in the United States.

  • The State-Boston Retirement System, the pension fund for Boston public employees, accused Bank of America Corp's Merrill Lynch unit, Citigroup Inc, Credit Suisse Group AG, Deutsche Bank, Goldman Sachs Group Inc, HSBC Holdings Plc, JPMorgan Chase& Co, UBS Group AG and 14 other defendants of illegally trying to profit on the sale of Treasury bills, notes and bonds at...

  • July 23- The last time unemployment claims were this low, in 1973, the Federal Reserve chair was the last one to lose control of inflation: Arthur Burns. In Burns' defense he faced outrageous political pressure from Richard Nixon, not to mention the inflation and economic nightmare of the Arab oil embargo, but still it would be hard to blame Janet Yellen for feeling a...

  • *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...

  • BERLIN— In the race to secure business deals with Iran, Germany was quickest out of the blocks. On Sunday, Economy Minister Sigmar Gabriel became the first senior Western official to visit Iran following last week's agreement to ease sanctions on the Islamic nation in exchange for concessions on its nuclear program. Last year, Germany imported goods worth 295...

  • 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...