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  • PARIS, July 23- European chipmaker STMicroelectronics forecast revenue growth of about 3 percent in the third quarter, disappointing some analysts who expected a bigger lift from strong global demand for semiconductors. Global spending on semiconductors is expected to rise 6.7 percent this year to $336 billion, according to market researcher Gartner.

  • July 23- Thermo Fisher Scientific Inc, the world's largest maker of scientific instruments, reported a higher-than-expected second-quarter profit in its first full quarterly results to include its acquisition of genetic testing company Life Technologies Corp..

  • The European Union threatened Russia with harsher sanctions on Tuesday after the downing of the Malaysian airliner in Ukraine, straining the EU's relationship with the world's second-largest oil exporter.

  • *Chinese firm said to now have enough cash to pay off $64.5 mln bond. SHANGHAI, July 23- A troubled Chinese construction company avoided a landmark bond default at the last minute on Wednesday, raising enough funds to pay off both principal and interest on a 400 million yuan bond, people directly involved in the matter told Reuters.

  • LONDON, July 23- Sterling may have some room to fall versus the Swiss franc if fear of tougher sanctions sees Russian investors shift cash from Britain to Switzerland.

  • *Deutsche Bank to come under closer Fed scrutiny from 2016. FRANKFURT, July 23- The Federal Reserve Bank of New York has found serious problems in Deutsche Bank's U.S. operations, including shoddy financial reporting, weak technology and inadequate auditing and oversight, a person close to the matter told Reuters.

  • BEIJING, July 23- A growing number of Chinese cities are relaxing property controls to support a cooling house market and safeguard economic growth.

  • The European Union threatened Russia with harsher sanctions on Tuesday after the downing of the Malaysian airliner in Ukraine, straining the EU's relationship with the world's second-largest oil exporter.

  • Global derivatives body ISDA names O'Malia as CEO Wednesday, 23 Jul 2014 | 4:47 AM ET

    HONG KONG, July 23- Global derivatives trade group, the International Swaps and Derivatives Association, said on Wednesday it had appointed leading U.S. regulator Scott O'Malia as its chief executive.

  • SINGAPORE/ KUALA LUMPUR, July 23- Singapore's civil aviation authority has asked airlines based in the city-state to review their risk assessment of conflict zones following the shooting down of a Malaysia Airlines jetliner over Ukraine last week.

  • However, the prospect of more sanctions against Russia over the Ukraine crisis and a downed Malaysian airliner kept risk aversion on the table in the bond market, where German 10- year yields nudged down to 1.16 percent, just shy of record lows.

  • *AkzoNobel, Capita and Telenor all rise after results. EDINBURGH, July 23- European stocks rose on Wednesday on the back of generally strong earnings despite investors' concerns over the possibility of fresh European Union sanctions against Russia over the Ukraine crisis.

  • LONDON, July 23- The euro hit an eight-month low against the dollar on Wednesday as worries over tougher sanctions on Russia and their potential impact on fragile euro zone growth drove investors away from the single currency.

  • *Rioforte owes Banco Espirito Santo 220 million euros. The announcement from Rioforte came less than an hour after Banco Espirito Santo, which the family founded, said that two heavyweight U.S. investors had taken a combined stake of almost 5 percent in BES.

  • Hong Kong H-share index soars to highest close in 2014 Wednesday, 23 Jul 2014 | 4:08 AM ET

    HONG KONG, July 23- An index of major China companies listed in Hong Kong on Wednesday surged to its highest close this year, as investors piled into financial and energy stocks seen as undervalued.

  • SYDNEY, July 23- London zinc and aluminum were poised near recent 3- year and 17- month peaks respectively on Wednesday on renewed interest from investors, but given a seasonal slowdown in demand, traders wondered just how much further prices could run.

  • July 23- The International Swaps and Derivatives Association, a financial industry lobby group, named Commodity Futures Trading Commission commissioner Scott O'Malia as chief executive.

  • European shares steady on mixed earnings, Ukraine caution Wednesday, 23 Jul 2014 | 3:23 AM ET

    EDINBURGH, July 23- European stocks held steady on Wednesday, stabilising after a surge in the previous session as traders digested mixed earnings and the possibility of fresh EU sanctions against Russia over Ukraine and the downing of a Malaysian airliner.

  • SHANGHAI, July 23- China's Huatong Road& Bridge Group Co Ltd managed to avoid a landmark bond default at the last minute on Wednesday, raising enough funds to pay off both principal and interest on a 400 million yuan bond due by the end of the day, sources directly involved in the issue told Reuters.

  • China shares edge up as coming IPOs start to divert funds Wednesday, 23 Jul 2014 | 3:09 AM ET

    HONG KONG, July 23- China shares finished little changed on Wednesday, a day when five companies began accepting subscriptions for initial public offerings, diverting some funds from existing stocks. The two largest listed players- CITIC Securities and Haitong Securities climbed 1 and 2.3 percent, respectively.