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  • EU approves Nokia acquisition of Alcatel-Lucent Friday, 24 Jul 2015 | 6:05 AM ET

    BRUSSELS— The European Union has approved the 15.6 billion-euro acquisition of ailing French telecom company Alcatel-Lucent by Finland's Nokia Corporation following an investigation into whether the deal broke competition rules. The EU's executive Commission said Friday that there was enough difference between the two firms to not raise major...

  • WASHINGTON— Dozens of countries have agreed to abolish duties on more than 200 technology products— from advanced computer chips to GPS devices, printer cartridges and video-game consoles. The agreement announced Friday marks the World Trade Organization's first tariff-killing deal in 18 years. "Today's agreement is a landmark," said WTO director-general...

  • WTO MEMBERS CLINCH DEAL ON TRILLION DOLLAR TARIFF CUTS ON INFORMATION TECHNOLOGY GOODS.

  • WTO members seal trillion-dollar IT trade deal Friday, 24 Jul 2015 | 12:00 AM ET

    Technology manufacturers like General Electric Co, Intel Corporation, Texas Instruments Inc, Microsoft Corp and Nintendo Co are among companies expected to benefit from the deal. "That definitely impacts Intel and that's important but also as important are the other technologies that it covers that were not even dreamt of when the original ITA was...

  • President Barack Obama told the BBC in an interview excerpt that aired on Thursday that Britain must remain in the European Union to maintain its global influence. Britain's EU membership "gives us much greater confidence about the strength of the transatlantic union," Obama said, adding the EU had "made the world safer and more prosperous."

  • Obama urges Britain to stay in EU in BBC interview Thursday, 23 Jul 2015 | 5:17 PM ET

    President Barack Obama told the BBC in an interview excerpt that aired on Thursday that Britain must remain in the European Union to maintain its global influence. Britain's EU membership "gives us much greater confidence about the strength of the transatlantic union," Obama said. He also said his biggest frustration was the failure to pass "common-sense gun...

  • WASHINGTON, July 23- A further rise in the U.S. dollar as the monetary policy gap between the United States and other major economies widens could have a significant negative impact on other countries, the International Monetary Fund warned on Thursday. In its annual spillovers report, the IMF said lower oil prices, more monetary stimulus in the euro zone and...

  • *Asset managers relieved at no one size fits all. LONDON, July 23- Managers of smaller investment funds in the European Union will be exempt from new curbs on pay in their industry, the bloc's markets watchdog said on Thursday, a move welcomed by investment managers. The European Securities and Markets Authority published proposals on how the curbs could work in...

  • CHISINAU, Moldova— The main party in Moldova's pro-European ruling coalition has named an ex- World Bank economist as the candidate for prime minister. Maia Sandu worked for the World Bank in Chisinau and then Washington before becoming education minister in 2012. She has been praised for reforming the education system by reducing the number of schools,...

  • Pew: Chinese stay optimistic in an otherwise gloomy world Thursday, 23 Jul 2015 | 10:01 AM ET

    WASHINGTON— Maybe someone should tell the Chinese their economy is slowing. The Pew Research Center finds that a world-beating 90 percent of Chinese say their economy is good. According to the International Monetary Fund, China's economic growth will decelerate this year to the slowest pace since 1990: 6.8 percent, down from 7.4 percent in 2014. But Pew found...

  • TOKYO, July 23- Japan must avoid overly relying on a weak yen to reflate the economy by deploying a new round of structural reforms such as steps to boost labour market participation, the International Monetary Fund said on Thursday. "With the depreciation of the yen... further monetary easing without bold structural reforms and a credible medium-term plan could...

  • IMF warns Japan must avoid over-reliance on weak yen Thursday, 23 Jul 2015 | 8:59 AM ET

    TOKYO, July 23- Japan must avoid overly relying on a weak yen to reflate the economy by deploying a new round of structural reforms such as steps to boost labour market participation, the International Monetary Fund said on Thursday. The IMF said further declines in the yen relative to its 2014 average was beneficial for Japan's economy. Premier Shinzo Abe's...

  • *OPEC members say price drop will be short-term. Crude oil stocks in the United States rose by 2.5 million barrels last week to above the five-year seasonal average, according to data from the Energy Information Administration, trumping expectations for a drop of 2.3 millions. September crude futures were 3 cents lower at $49.16 by 1020 GMT, having fallen by...

  • BRUSSELS— The European Union on Thursday launched an antitrust case against six major U.S. movie studios and British satellite broadcaster Sky UK, in a move that could profoundly shake up the highly lucrative pay-television market in Europe. The EU's executive Commission has sent a so-called statement of objections to the companies regarding what it says...

  • ATHENS, Greece— Discussions over Greece's third bailout in five years are set to begin in Athens imminently after Greece's parliament approved Thursday tough new conditions set by European creditors. Officials in Athens and at the European Union said negotiators are expected to start arriving on Friday, marking the first time high-level talks will be held...

  • UPDATE 3-Oil steady; US crude below $50 as stocks rise Thursday, 23 Jul 2015 | 4:45 AM ET

    *OPEC members say price drop short term. Crude oil stocks in the United States rose 2.5 million barrels last week to above the five-year seasonal average, according to data from the Energy Information Administration, trumping expectations for a 2.3 million-barrel drop. September crude futures were 18 cents higher by 0827 GMT on Thursday at $49.37, after having...

  • *OPEC members say price drop short term. "Demand is reasonably buoyant in the United States, but there's just so much supply," said Ben Le Brun, market analyst at OptionsXpress in Sydney. U.S. crude for September delivery was 11 cents higher at $49.30 by 0300 GMT, after dropping $1.67 on Wednesday to settle below $50 for the first time since April.

  • *OPEC members say expect price fall to be short-lived. NEW YORK, July 22- Oil prices fell and U.S. crude settled below $50 a barrel on Wednesday after government data showed crude inventories in the United States rose last week and as a stronger dollar and weaker global equities applied pressure. "The crude oil inventory rise was driven by a strong rebound in crude...

  • *OPEC members say expect price fall to be short-lived. "The crude oil inventory rise was driven by a strong rebound in crude oil imports, which neared 8 million barrels per day," said John Kilduff, partner at Again Capital LLC in New York. Imports from several other OPEC- member countries also rose.

  • *OPEC members say expect price fall to be short-lived. It was trading at $50, down 86 cents, at 1450 GMT. "The crude oil inventory rise was driven by a strong rebound in crude oil imports, which neared 8 million barrels per day," said John Kilduff, partner at Again Capital LLC in New York.