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  • *UK output dips unexpectedly, sterling falls. LONDON, July 8- Europe's main stock indices and lower-rated government bonds slipped on Tuesday amid reports of new U.S. fines for banks and dimming prospects the European Central Bank will launch an asset purchase programme.

  • *India's giant railway system is slow, congested. NEW DELHI, July 8- Prime Minister Narendra Modi's new government has nudged up spending on India's wobbly railways and will seek private funding for new projects, the rail minister said without giving details on how he will attract investors.

  • *UK output dips unexpectedly, sterling falls. LONDON, July 8- Europe's main stock indices and lower-rated government bonds slipped on Tuesday amid reports of new U.S. fines for banks and dimming prospects the European Central Bank will launch an asset purchase programme.

  • MOSCOW, July 8- Russian gas producer Gazprom said on Tuesday its subsidiary, Tsentrgaz, had won a tender to build the Serbian stretch of the South Stream pipeline. The company said in a statement it had beaten four other companies from Russia and Serbia to win the tender, which was launched in March this year.

  • Washington poised to start legal pot sales Tuesday, 8 Jul 2014 | 6:25 AM ET

    Lines were already forming in front of the lucky few stores in Washington state that got last-minute approval to sell.

  • *Palladium hits 13- year peak at $871.80/ oz. LONDON, July 8- Gold steadied on Tuesday as the dollar's recent rally started to fade and investors awaited clearer signs from the U.S.

  • Truckers strike at Los Angeles, Long Beach ports Tuesday, 8 Jul 2014 | 6:11 AM ET
    The Port of Los Angeles

    Drivers in a labor dispute with three trucking companies at the ports of LA and Long Beach began an indefinite strike Monday.

  • PARIS, July 8- OECD sees slowing or stable growth in emerging economies flat in major developing economies with the exception of India while the outlook for most developed economies is stable and improving in the United States, the OECD said on Tuesday.

  • FRANKFURT, July 8- U.S. authorities have begun settlement talks with Germany's Commerzbank and Deutsche Bank over their dealings with countries blacklisted by the United States, extending a crackdown on European banks at a delicate point in U.S.-German relations. Deutsche Bank and Commerzbank declined to comment.

  • RUSSIA'S GAZPROM SAYS UKRAINE'S GAS DEBT TO THE COMPANY UP TO $5.3 BLN.

  • LONDON, July 8- Energy exchange-traded products attracted almost $200 million in June as investors moved into crude oil after civil war broke out in Iraq, the latest monthly flows data from asset manager BlackRock showed.

  • LONDON, July 8- Copper prices hovered near their loftiest in more than four months on Tuesday, underpinned by a brightening outlook for the global economy, while zinc raced to its highest in nearly three years on expectations of tightening supplies.

  • Third union slams door on French labor talks Tuesday, 8 Jul 2014 | 5:08 AM ET

    PARIS, July 8- France's main teachers' union became the third on Tuesday to boycott a labor summit hosted by President Francois Hollande's government in a bid to kickstart job creation.

  • Third union slams door on French labour talks Tuesday, 8 Jul 2014 | 5:08 AM ET

    PARIS, July 8- France's main teachers' union became the third on Tuesday to boycott a labour summit hosted by President Francois Hollande's government in a bid to kickstart job creation.

  • *UK factory output shows biggest fall since Jan 2013. Factory output dropped by 1.3 percent in May, its biggest fall since January 2013 and in sharp contrast to economists' forecasts for a solid 0.4 percent increase, the Office for National Statistics said.

  • LONDON, July 8- An independent inquiry into what the Bank of England knew of alleged currency market collusion will this month quiz senior traders about what guidance they received from the central bank as far back as 2012, sources told Reuters.

  • BEIJING, July 8- The trial of a couple arrested last year following work they did for British drugmaker GlaxoSmithKline PLC in China will be handled according to the law, China's foreign ministry said on Tuesday, brushing off U.S. concern about the case. Secretary of State John Kerry is visiting China this week.

  • BRUSSELS July 8- Omega Pharma NV, a Belgian healthcare products distributor, said any speculation about the future of the company was premature as no decision had yet been taken, following a report that it could sell itself.

  • Bank shares weighed on European equity indexes, compounding losses after a two-session drop, as Germany's largest lenders were said to be negotiating a settlement with U.S. authorities over their dealings with countries blacklisted by Washington following a huge fine for French lender BNP Paribas.

  • JOHANNESBURG, July 8- Two unions representing some of Telkom SA's workers said on Tuesday they would take the South African landline provider to court over possible retrenchments. The South Africa Communications Union said it believed Telkom was about to let go of about 9,000 of its 19,000 employees over the next six months, a claim the company said was untrue.