*Britain says EU Commission misread international mood. BRUSSELS, Dec 5- Leading European Union states Britain, France and Germany propose scrapping a plan to make all aircraft pay a carbon charge for using EU airspace, documents seen by Reuters show.» Read More
*Gold set for 2 pct weekly gain, first 3- week rise since March. *Russia ups gold reserves in June, others cut- IMF data. NEW YORK/ LONDON, July 26- Gold dropped 1 percent on Friday on pre-weekend profit taking, but bullion was still set to post a sharp weekly gain as wariness over the U.S.
MEXICO CITY, July 26- Mexican state oil monopoly Pemex on Friday posted its steepest loss since 2011, hurt by lower crude export prices and a stronger peso. Pemex posted a loss of 49 billion pesos in the second quarter compared with a year earlier loss of 33.6 billion, according to a statement.
*Expedia loses a fourth of its market cap after results. *Zynga won't pursue real-money gaming, shares tumble. "It's not uncommon for short-term traders to lock a little bit of profits, especially after everyone had a terrible June," said Paul Zemsky, head of asset allocation at ING Investment Management in New York.
July 26- Detroit's filing for bankruptcy protection is "profoundly meaningful" for the small number of local governments in the United States that are below investment grade, and could change their approach to pensions and other long-term liabilities, Moody's Investors Service said on Friday.
*France's CAC outperforms, LVMH results impress. *Financials drag on FTSE 100 ahead of banks' earnings. LONDON, July 26- Germany's benchmark index led European shares lower on Friday as a spate of underwhelming company results helped it to underperform its southern European peers.
Gray charges totaled $14.3 billion in 2012, according to a study released Thursday by the credit card usage monitoring company BillGuard in conjunction with the research firm Aite Group. Credit card issuers, the report says, spent an estimated $562 million in customer service time to deal with disputes and process charge-backs.
NEW YORK, July 26- The dollar fell to a five-week low against major currencies on Friday on speculation the Federal Reserve will emphasize next week its intention to keep interest rates low for longer.
July 26- Republic Airways Holdings Inc said on Friday it has reached a nonbinding deal to sell its Frontier unit, sparking a 5.6 percent rise in its shares. Republic did not identify the buyer but referred to it as a third party.
*Plans events on Monday in London, New York and Beijing. BMW is set to launch its first all-electric car, hoping to stir demand for a pricey luxury model just as some other makers hit hurdles in selling electric propulsion.
July 26- AbbVie Inc's reliance on its Humira arthritis drug became even more evident during the second quarter, when the product's sales jumped 12 percent and accounted for almost 56 percent of the U.S. drugmaker's revenue. And AbbVie officials on Friday forecast more big growth for the world's best-selling medicine.
*Protesters gather in central Tunis. TUNIS, July 26- Several thousand Islamists took to the streets of Tunis on Friday to defend the Islamist-led government from popular demands for it to resign over the assassination of a secular opposition politician.
WASHINGTON, July 26- The Federal Reserve will need to effectively communicate its strategy to exit from its massive monetary stimulus while avoiding excessive volatility in interest rates, the International Monetary Fund said on Friday.
*Hungary plans relief scheme for foreign currency mortgages. BUDAPEST, July 26- Banks in Hungary cannot afford to foot the bill for Prime Minister Viktor Orban's plan to help borrowers struggling with foreign currency mortgages, a senior banker said, breaking foreign lenders' silence on Orban's latest high-risk scheme.
WASHINGTON, July 26- A federal appeals court on Friday rejected a legal challenge by Texas and Wyoming to the U.S. Environmental Protection Agency's efforts to implement regulations to curb greenhouse gas emissions.
*Qatar Airways plane has not flown since Sunday- Flightaware. *'Minor issue, not an incident'- Qatar Airways spokeswoman.
July 26- Zynga Inc shares fell as much as 18.6 percent on Friday morning, after the maker of "FarmVille" said it would abandon plans for real-money gaming in the United States, prompting at least three brokerages to cut their price targets on the stock. Zynga's gambling efforts kicked off this year in Britain, but gambling with real money is illegal in many U.S. states.
WASHINGTON, July 26- The White House moved on Friday to damp down speculation about President Barack Obama's choice to lead the Federal Reserve when current Chairman Ben Bernanke's term expires, saying no decision has been made and no announcement is likely until the fall. Bernanke's term at the U.S. central bank, his second, ends Jan. 31.
*Yemen, Iraq, Libya exports fall; South Sudan to halt output. North Sea benchmark Brent crude fell as low as $106.63 a barrel, heading for a second weekly decline after touching a three-and-a-half-month high last week.
LONDON, July 26- The DAX led European shares lower on Friday as Germany's benchmark index underperformed its southern European peers, weighed on by a recent spate of underwhelming company results.
*Analysts say Fed could address tapering next week. NEW YORK, July 26- Prices for U.S. A lot of people want to know, is tapering going to start in September, "said Dimitri Delis, interest-rate strategist at BMO Capital Markets in Chicago.