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  • WASHINGTON, June 22- The newly elected No. 2 Republican in the House of Representatives said on Sunday he opposed renewing the charter for the U.S. Export-Import Bank, which helps finance exports of U.S. goods and services.

  • *France agrees Alstom stake option with Bouygues. PARIS, June 22- France won an option to buy 20 percent of Alstom from construction group Bouygues on Sunday, in an eleventh-hour deal clearing the way for the agreed sale of Alstom's energy business to General Electric.

  • SHANGHAI/ HONG KONG, June 23- In a country where owning a car has long been a symbol of luxury and success, around 85 percent of Chinese car buyers still buy cars with cash. These young people are willing to buy big-ticket items like a car on credit- a behaviour unheard of some 15 years ago in China- and have led carmakers to boost their financing units in the mainland.

  • *China's CITIC Resources says unable to secure some metal. SYDNEY/ SHANGHAI June 23- Shaken by a fraud investigation into metal financing in the world's seventh-busiest port, banks and trading houses have been made painfully aware of the risks they face storing commodities in China's sprawling warehouse sector.

  • June 22- The average price of a gallon of gasoline in the United States rose 1.87 cents over the past two weeks as refiners and retailers absorbed most of the crude oil price increases that have resulted from the crisis in Iraq, according to the Lundberg survey released on Sunday.

  • WASHINGTON, June 22- The U.S. missile defense system managed by Boeing Co hit a simulated enemy missile over the Pacific in a critical test on Sunday, the U.S. Defense Department said.

  • June 22- The founder of Lululemon Athletica has hired Goldman Sachs as he seeks a shake-up of the board of directors and may consider options including a proxy fight or joining a private equity firm in a buyout, the Wall Street Journal reported on Sunday.

  • NEW YORK/ BUENOS AIRES, June 22- Argentina splashed advertisements in leading U.S. newspapers over the weekend to make its case in the ongoing debt saga, slamming holdout creditors and arguing court rulings could force the country into another catastrophic default.

  • CAPE CANAVERAL, Fla., June 22- Space Exploration Technologies, or SpaceX, postponed for a third time the launch of six commercial communication satellites from Cape Canaveral Air Force Station, officials said on Sunday.

  • PARIS, June 22- The French state has secured an option to buy 20 percent of Alstom from Bouygues, Economy Minister Arnaud Montebourg said on Sunday, clearing the way for an agreed tie-up between Alstom and General Electric.

  • Reuters Business News Schedule at 1830 GMT/2.30PM ET Sunday, 22 Jun 2014 | 2:46 PM ET

    Argentina mulls initial payment to holdout creditors, final deal in 2015- newspaper. BUENOS AIRES- Argentina is considering making an initial payment to "holdout" creditors before asking to extend negotiations to officially reach a settlement next January to avert a disastrous debt default, according a leading local newspaper.

  • WASHINGTON, June 22- The newly elected No. 2 Republican in the House of Representatives said on Sunday he opposed renewing the charter for the U.S. Export-Import Bank, which helps finance exports of U.S. goods and services. The Export-Import Bank, which was established 80 years ago, backed $37.4 billion in exports in 2013..

  • FRANCE SECURES OPTION TO BUY 20 PCT OF ALSTOM FROM BOUYGUES- MINISTER.

  • BUENOS AIRES, June 22- Argentina is considering making an initial payment to "holdout" creditors before asking to extend negotiations to officially reach a settlement next January to avert a disastrous debt default, a leading local newspaper said on Sunday.

  • *Overdue budget totals $47 bln, funding unclear. TRIPOLI, June 22- Libya's parliament approved the overdue 2014 budget worth $47 billion on Sunday, its spokesman said, after six months of haggling over how to replace crucial oil revenues lost due to almost a year of protests.

  • *Crisis hits Bulgaria ahead of bond road show. SOFIA, June 22- Bulgaria is ready to rescue Corporate Commercial Bank by injecting capital and enforcing losses on shareholders, the central bank said on Sunday, after a run on the country's No. 4 lender prompted the central bank to take it over on Friday.

  • NEW YORK, June 20- Shares of specialty retailers and apparel makers helped lead the charge off the market's bottom in March 2009 but unraveled this year, leaving consumer discretionary stocks as the sole sector to still be lower through the first half of 2014..

  • BUENOS AIRES, June 22- Argentina is considering making an initial payment to "holdout" creditors before asking to extend negotiations to officially reach a settlement next January to avert a disastrous debt default, a leading local newspaper said on Sunday.

  • *France seeks to buy Bouygues' 20 pct in Alstom. *Formal deadline for GE offer for Alstom is Monday. PARIS, June 22- The French government was locked in negotiations on Sunday over its planned purchase of a stake in Alstom from conglomerate Bouygues, the last hurdle in an announced tie-up between Alstom and General Electric.

  • TRIPOLI, June 22- Libya's parliament approved on Sunday a 2014 budget worth 56 billion Libyan dinars, its spokesman Omar Hmeidan said.