*Protecting Mandela's image harder after his death. JOHANNESBURG, Dec 8- From political posters to bottles of wine and kitchen aprons, the face and name of Nelson Mandela is a potent commercial and political brand in South Africa.» Read More
*Gold falls after four days of gains. LONDON, July 12- Gold fell one percent on Friday, as the dollar rebounded and investors booked profits after four days of gains, but was on track for its biggest weekly gain since April on easing fears of an early end to the U.S.
July 12- Bank of Nova Scotia said on Friday it has withdrawn its application to acquire a nearly 20 percent stake in Bank of Guangzhou, after Chinese authorities decided against proceeding with the C $719 million deal. Bank of Guangzhou is primarily government-owned and is not publicly listed.
The fourth-biggest U.S. bank's net income applicable to common stockholders rose to $5.27 billion, or 98 cents per share, from $4.40 billion, or 82 cents per share, a year earlier.
*USDA raises China wheat import forecast to 8.5 mln T. LONDON, July 12- U.S. wheat prices edged higher on Friday as strong demand from China was expected to tighten global supplies, while corn and soybeans eased slightly but remained underpinned by forecasts for hot, dry weather in the next few days.
*Earnings $1.60/ shr vs $1.21 a year earlier. July 12- JPMorgan Chase& Co reported a 31 percent rise in quarterly profit on Friday as trading revenue rebounded and the biggest U.S. bank by assets set aside less money to cover bad loans.
NEW YORK, July 12- JPMorgan Chase& Co dialed back its commodity trading risk slightly in the second quarter from the previous three months, as prices of raw materials fell, results from the largest U.S. bank showed on Friday.
LONDON/ PARIS, July 12- Hopes of a bid battle powered Invensys shares to a ten-year high on Friday, after the British engineer said it had received a 3.3 billion pound takeover proposal from France's Schneider Electric.
*JPMorgan profit jumps in quarter. NEW YORK, July 12- U.S. stock index futures were little changed Friday after stocks closed at fresh highs a day earlier, in the wake of quarterly results from JPMorgan and ahead of data on inflation and consumer sentiment. *JPMorgan Chase& Co, the largest U.S. bank by assets, dipped 0.5 percent to $54.85 in premarket trade.
LONDON, July 12- Japan may lose this year's top billing on global stock markets as a boost from a weakening yen is likely to wane in a country where exports make up less than a seventh of total economic output.
July 12- JPMorgan Chase& Co reported a 31 percent rise in quarterly profit as trading revenue rebounded and the biggest U.S. bank by assets avoided another "London Whale" derivatives loss. Net income rose to $6.50 billion, or $1.60 per share, in the second quarter from $4.96 billion, or $1.21 per share, a year earlier.
*Invensys, Swedish Match get M&A lift. LONDON, July 12- European shares remained buoyed by central banks' commitment to ongoing stimulus on Friday, heading for their best week since late April, with Invensys and Swedish Match boosted by M&A talk.
LONDON, July 12- Copper fell on Friday as the dollar firmed and as traders cut risk ahead of Chinese data next week, but the metal remained on track for the biggest weekly gain in two months after the U.S. signalled it would keep monetary policy loose.
MADRID, July 12- Spanish media company Prisa has weighed filing for Chapter 11 bankruptcy protection in the United States, where it is also listed, the Wall Street Journal reported on Friday, citing several people familiar with the matter.
MOSCOW, July 12- Russia's central bank kept key interest rates on hold on Friday and signalled policy easing ahead, warning in a statement of risks to economic growth while downplaying inflation concerns. Other central banks, such as the European Central Bank, have also moved to provide longer-term financing.
*Snowden meets human rights groups in Moscow Friday. MOSCOW, July 12- When an Aeroflot plane from Moscow took an unusually southerly course to Havana on Thursday, it quickly triggered speculation that American fugitive Edward Snowden could be on board.
BEIJING, July 12- A broad measure of liquidity in the Chinese economy fell to its lowest in nearly a year in June as the central bank allowed a credit crunch to send short-term interest rates soaring in message to banks to reduce risky lending.
*Export-reliant Japan, S.Korean steelmakers may be hit. The protectionist steps taken by steel-importing countries could hit steelmakers from major exporters Japan and South Korea.
*It helps China to gain a better hold in global marketplace. SHANGHAI, July 12- Trading volumes for gold and silver on the Shanghai Futures Exchange have jumped to record highs a week after the bourse launched after-hours trading, driven by a surge in investment and hedging demand.
LONDON, July 12- Oil held steady below $108 a barrel on Friday, as concern about China's demand outlook and the prospect of growing non- OPEC supply offset lower inventories in the United States and concern about possible disruption to flows due to strife in Egypt.
*Production falls in Germany, France; rises in Italy. Production in Europe's two biggest economies, Germany and France, dropped in May, with Italy and Spain showing small increases. Germany, France, and Italy account for two-thirds of the euro zone's industrial output.