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  • UPDATE 2-Brent hovers near $107.50; U.S. data, Fed eyed Wednesday, 30 Jul 2014 | 3:14 AM ET

    *U.S., EU impose more sanctions on Russia over Ukraine. The focus is now on Russia and how President Vladimir Putin will react to further sanctions imposed by the European Union and the United States.

  • European shares dip early; Total hit Wednesday, 30 Jul 2014 | 3:11 AM ET

    PARIS, July 30- European shares dipped in early trade on Wednesday, with Total falling on worries over its investments in Russia and after posting a drop in profits. Shares in the French oil major dropped 2.6 percent after revealing that it stopped buying shares in Russia's Novatek the day of the downing of a Malaysia Airlines flight over Ukraine.

  • China shares snap long-winning run, property falls Wednesday, 30 Jul 2014 | 3:06 AM ET

    HONG KONG, July 30- China's major indexes broke a long-winning streak on Wednesday, with early gains led by index heavyweight PetroChina Co Ltd offset by falls in property companies and banks. PetroChina was among top index boosts in Shanghai, climbing more than 6 percent at one point before trimming gains to end 3.1 percent higher.

  • HONG KONG, July 30- China's institutional investment in property overseas rose 17 percent in the first six months of this year, with residential investment surging 84 percent, real estate services firm Jones Lang LaSalle said on Wednesday. San Francisco and Chicago followed with $548 million and $365 million, respectively.

  • LONDON, July 30- AstraZeneca took a major step to build up its respiratory medicine business on Wednesday by striking a deal worth up to $2.1 billion to acquire the rights to lung drugs developed by Spain's Almirall.

  • UPDATE 1-Antofagasta posts higher quarterly copper output Wednesday, 30 Jul 2014 | 2:47 AM ET

    LONDON, July 30- Chilean miner Antofagasta posted a 5 percent quarter-on-quarter increase in its second-quarter copper output, slightly ahead of forecast, as it ramped up production after maintenance dented its first-quarter output.

  • MOSCOW, July 30- Shares in Russia's second-largest bank VTB slid over 3 percent at the start of trading on Wednesday, but the broader stock market rose as investors had priced in the impact of a new wave of Western sanctions.

  • MOSCOW, July 30- Russia's Central Bank said on Wednesday it was ready to support domestic banks that were hit in the latest round of Western sanctions. The United States imposed sanctions on more Russian banks on Tuesday, targeting the country's second-largest lender VTB, its subsidiary the Bank of Moscow, and the Russian Agriculture Bank.

  • SYDNEY/ SINGAPORE, July 30- The dollar touched a six-month high against a basket of major currencies on Wednesday, holding firm ahead of a Federal Reserve policy decision and U.S. gross domestic product data due later in the day.

  • BANGKOK, July 30- Thai factory output fell nearly twice as much as expected in June, the latest piece of data signaling that eased political tension is not yet generating a revival for the struggling economy. In June, factory output dropped 6.6 percent from a year earlier, the Industry Ministry said on Wednesday.

  • July 30- Total global commodity assets under management rose to $325 billion in June 2014 from $317 billion in May 2014, Barclays Capital said on Wednesday. "We estimate that there was a small net inflow of around $300 million into commodity investments during June," the bank said.

  • China's local GDP data points to recovery, rebalancing Wednesday, 30 Jul 2014 | 2:26 AM ET

    BEIJING, July 30- China's regional economies enjoyed a revival in growth in the second quarter, data from provincial governments showed, chiming with earlier figures that suggest a burst of government stimulus measures is re-invigorating activity. Growth also diverged sharply between eastern and western China.

  • Westport Petroleum Inc, the Franklin, Tennessee- based shipping arm of Japanese trader Mitsui& Co, chartered the BW Zambesi, an LR1 tanker, also known as a Panamax class vessel, in mid-July for the voyage. The tanker, owned by BW Group, docked at the Galveston terminal in Texas on Tuesday, AIS data on Reuters showed.

  • Kerry presses India on WTO deal ahead of arrival Wednesday, 30 Jul 2014 | 2:23 AM ET

    Secretary of State John Kerry, on his way to India for an official visit, has pressed New Delhi to drop its opposition to global trade reforms, saying it was a test of the country's commitment to advance trade and investment liberalisation.

  • July 30- A federal grand jury for the Northern District of California charged PG&E Corp on Tuesday alleging it obstructed the investigation of the National Transportation Safety Board into the deadly San Bruno natural gas explosion in 2010..

  • LONDON, July 30- AstraZeneca took a major step to build up its respiratory medicine business on Wednesday by striking a deal worth up to $2.1 billion to acquire the rights to lung drugs developed by Spain's Almirall.

  • Antofagasta posts higher quarterly copper output Wednesday, 30 Jul 2014 | 2:17 AM ET

    LONDON, July 30- Chilean miner Antofagasta posted a 5 percent quarter-on-quarter increase in its second-quarter copper output, slightly ahead of forecast, as it ramped up production after maintenance dented its first-quarter output.

  • MOSCOW, July 30- Shares in Russia's second-largest bank VTB, targeted by the latest sanctions from the United States, opened down 3 percent on Wednesday, while the broad stock market and the rouble were stable.

  • TOKYO, July 30- Japan's Nikkei share average rose for a fourth day in choppy trade on Wednesday, as strong corporate earnings led by Honda Motor Co and Tokyo Electron Ltd eclipsed weak industrial output data. The Nikkei ended 0.2 percent higher to 15,646.23, the highest closing price since Jan. 23.

  • Amazon says to invest $2 billion more in India Wednesday, 30 Jul 2014 | 2:05 AM ET

    July 30- Amazon.com Inc will invest an added $2 billion in India as the e-commerce giant ramps up business in the country, the company said on Wednesday, a day after local rival Flipkart announced a fresh round of funding worth $1 billion.