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  • MOSCOW, July 30- Russia has prepared two different options for bailing out indebted coal miner Mechel both of which suggest an ownership change, President Vladimir Putin's top economic aide said on Wednesday. The decision is expected within days, Andrei Belousov told journalists. Mechel is controlled by businessman Igor Zyuzin.

  • *Has said he will fight if Russia resists paying $50 bln claim. MOSCOW/ TEL AVIV, July 29- Former Yukos executive and top shareholder Leonid Nevzlin will face an uphill struggle getting any of the money he lost when the Russian oil giant was seized and nationalised after falling foul of the Kremlin.

  • RUSSIAN GOVERNMENT PREPARES TWO WAYS TO BAILOUT COAL MINER MECHEL, BOTH SUGGEST OWNERSHIP CHANGE- KREMLIN AIDE.

  • Microsoft Xbox One to launch in China Sept 23 Wednesday, 30 Jul 2014 | 5:56 AM ET

    SHANGHAI, July 30- Microsoft Corp will launch its Xbox One gaming console in China on September 23, Yusuf Mehdi, head of marketing and strategy for Microsoft's Xbox group said at an event in Shanghai on Wednesday. The Xbox One will be the first foreign-made console to be launched in China in 14 years after the government this year lifted a 2000 ban on gaming consoles.

  • *Says impact of Russia sanctions on Yamal LNG uncertain. PARIS, July 30- French oil major Total stopped buying shares in Russia's Novatek when a Malaysian airliner was shot down over Ukraine, but it is still too early to gauge the impact of western sanctions against Russia, Total said.

  • BRUSSELS, July 30- The European Union's deal to end a trade dispute over solar panels with China risks creating a downward spiral of prices, further damaging the EU producers it is designed to protect, their association said on Wednesday.

  • PREVIEW-China July official PMI seen hitting 8-month high Wednesday, 30 Jul 2014 | 5:31 AM ET

    BEIJING, July 30- Activity in China's vast factory sector likely expanded at the fastest pace in eight months in July, a Reuters poll showed on Wednesday, adding to evidence that the economy is regaining momentum after a burst of government stimulus measures.

  • *Manufacturing growth in China expands. LONDON/ SYDNEY, July 30- Lead and zinc fell on Wednesday as investors took profits after a rally by both metals this month, but a brighter global economic outlook could see industrial metals resuming their rise. Part of that is driven by improving macro sentiment, "said commodity analyst Ivan Szpakowski of Citi in Shanghai.

  • KIEV, July 30- Ukraine's economy contracted by 4.7 percent year-on-year in the second quarter in a sign of the impact of fighting in the east of the country. Kiev had initially expected a 3- percent fall year-on-year in the whole of 2014 but the conflict has put additional strains on the state budget and deepened Ukraine's recession.

  • MOSCOW, July 30- VTB, Russia's second-largest bank by assets, called sanctions imposed by the United States "politically motivated" and "unjust" on Wednesday but said it was confident it could raise capital if needed.

  • *Sales growth strong in Europe, but declines in Americas. *Europe business offers narrower range, sells more clogs. BERLIN, July 30- The success of Crocs Inc in Europe, where the U.S. shoemaker has focused on its trademark colorful foam clogs rather than branching into other products, proves the brand has a future despite difficulties at home, its European head said.

  • *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 at record lows ahead of inflation data expected to boost the case for further European Central Bank policy easing.

  • MOSCOW, July 30- Russia's Gazprom Energoholding, which manages the power generating assets of gas monopoly Gazprom, has decided to source its gas turbine spare parts locally instead of relying on imports, the company said on Wednesday.

  • MOSCOW, July 30- Russia's Veterinary and Phytosanitary Surveillance Service will restrict most of fruit and vegetable imports from Poland starting from August 1, spokesman Alexei Alekseenko said on Wednesday. The ban is due to "the violation of certification and the identification of quarantine products", Alekseenko said.

  • UPDATE 3-Brent steady around $108 in range-bound market Wednesday, 30 Jul 2014 | 4:40 AM ET

    *U.S., EU impose more sanctions on Russia over Ukraine. *Libya says oil output stays at 500,000 bpd despite unrest. The European Union and the United States imposed further sanctions against Russia on Tuesday, targeting its energy banking and defense sectors in the strongest international action yet over Moscow's support for rebels in Ukraine.

  • *Finance Ministry cuts 2014 GDP growth f'cast to 2 pct from 2.6 pct. The poor output figures increases worries that Southeast Asia's second-largest economy may have slipped into recession in the second quarter, though the Finance Ministry said there was a little growth in April-June.

  • FOREX-Euro slides below $1.34, eyes on Fed and U.S. GDP Wednesday, 30 Jul 2014 | 4:32 AM ET

    LONDON, July 30- The euro fell below $1.34 on Wednesday for the first time since last November before German inflation data that was likely to add to the case for the European Central Bank pumping more money into a moribund economy.

  • RUSSIAN AGRICULTURAL BANK SAYS DOES NOT EXPECT ANY NEGATIVE IMPACT FROM SANCTIONS, COULD TURN TO RUSSIAN GOVT FOR SUPPORT IF NEEDED.

  • *H1 EPS 101.8 pence vs forecast 102 pence. LONDON, July 30- British American Tobacco reported lower revenue and profit for the six months ended June 30, hurt by the strong British pound and a slight decline in volume.

  • LONDON, July 30- Tullow Oil Plc drifted into the red after writing off more than $400 million in exploration costs but the Africa- focused explorer remained confident that its strategy will pay off.