LIMA, Dec 7- Peru's state oil company would be allowed to privatize up to 49 percent of Petroperu through share offerings on the local stock market under a bill soon to be submitted to Congress, a top official said on Saturday.» Read More
*2nd- qtr EPS $3.70/ shr vs $1.78 year earlier. July 16- Goldman Sachs Group Inc's quarterly profit doubled, beating Wall Street estimates by a wide margin, as the bank made more from investing its own money and from underwriting.
July 16- U.S. fertilizer company Mosaic Co on Tuesday reported a lower quarterly profit as phosphate and potash prices slipped. Delayed spring planting in the United States due to cool weather compressed the usual fertilizer application season for producers like Mosaic, Potash Corp of Saskatchewan, CF Industries Holdings Inc and Agrium Inc..
July 16- Johnson& Johnson reported higher-than-expected second-quarter earnings as strong sales of prescription drugs and medical devices more than offset anemic growth of its consumer products. The diversified healthcare company said on Tuesday that it earned $3.8 billion, or $1.33 per share.
LONDON, July 16- European shares took a break from their recent climb on Wednesday and safe-haven German Bunds rose, as a surprise dip in German confidence fed mild profit-taking while markets awaited fresh clues on U.S. monetary stimulus.
LONDON, July 16- Winds are notoriously footloose and hard to predict, but for grid operators keen to keep their customers' lights on and hold down costs, agreeing on a method to measure the reliability of the fast-growing electricity source is vital.
July 16- Coca-Cola Co said its quarterly profit fell due to ongoing economic malaise and unusually poor weather, sending its shares down. Net income dipped to $2.68 billion, or 59 cents per share, in the second quarter, from $2.79 billion, or 61 cents per share, a year earlier, it said on Tuesday.
AMSTERDAM/ SINGAPORE, July 16- Chicago new-crop corn rose nearly 3 percent on Tuesday, rebounding from its lowest price in one week, while soybeans gained for a second consecutive day as worsening U.S. crop conditions underpinned the market.
Goldman's net income rose to $1.86 billion, or $3.70 per share, from $927 million, or $1.78 per share, in the same quarter a year earlier.
*Russia says 17.8 bln T proven oil reserves as of Jan 2012. YUZHNO-SAKHALINSK, Russia, July 16- Top Russian oil producer Rosneft said it expected to confirm resources of around 14 billion tonnes of oil equivalent at new fields in Russia's eastern offshore zones, providing crude it could use to supply Asian markets.
The 24- hour general strike against a new scheme to transfer or fire state workers comes a day before parliament votes on a series of reforms that must be passed before the European Union and International Monetary Fund can disburse more financial aid.
*Goldman Sachs to report earnings. NEW YORK, July 16- U.S. stock index futures were little changed on Tuesday ahead of data on inflation and industrial production, and corporate earnings from major firms like Goldman Sachs.
LONDON, July 16- China National Offshore Oil Corp signed its 200th production-sharing contract with a foreign partner on Tuesday, teaming up with BP to drill in the South China Sea. CNOOC will be the operator and will own the rights to 51 percent of any commercial discoveries, but BP will carry the cost of exploration.
*Violence in Egypt keeps geopolitical risks on agenda. LONDON, July 16- Brent crude oil rose towards $110 per barrel on Tuesday, reaching a three month high, due to lower inventories, firm demand and concern that turmoil in Egypt could disrupt supply. Brent crude gained 41 cents to $109.50 a barrel by 1039 GMT.
*BMW CEO sees no sign of recovery until well into 2014. Italy's Fiat saw the biggest drop in sales among major manufacturers last month, suffering a 13.6 percent slide, followed by a 10.9 percent fall at France's Peugeot, while Ford bucked the trend with a 6.9 percent rise.
LONDON, July 16- The dollar fell against a basket of currencies on Tuesday as investors cut long bets ahead of testimony by Federal Reserve chief Ben Bernanke that could give more clues on when U.S. monetary stimulus will be scaled back. That added to the view that the European Central Bank will keep rates low to aid an economic recovery. "
*Telecom Italia falls to record low on spin-off doubts. LONDON, July 16- European shares edged down on Tuesday, slipping back after rallying from 2013 lows over the last two weeks, with Telecom Italia underperforming due to uncertainty over the company's plans to spin off its fixed-line network.
*Copper loss from Bingham Canyon landslide less than expected. *Rio Tinto shares climb in London, Sydney. SYDNEY, July 16- Rio Tinto is pushing ahead with plans to boost iron ore output over the next 18 months, as it counts on demand from Chinese steel mills holding up, but the miner is assessing if it can meet the target using existing mines to control costs.
MUMBAI, July 16- India's boldest attempt yet to prevent a rout in the rupee delivered only a modest lift in the currency but shares slumped and bond yields jumped as investors worried that policymakers might overplay their hand and damage economic growth.
LONDON, July 16- Gold edged higher on Tuesday as the dollar eased ahead of the Federal Reserve Chairman Ben Bernanke's congressional testimony later in the week, which investors expect could provide clues on the timing of the central bank's tapering of monetary stimulus.