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  • *Gold eyes biggest monthly fall since June 2013. LONDON, July 31- Gold slipped on Friday and was on course for a sixth straight weekly fall, its longest retreat in 16 years, as the dollar remained firm after upbeat U.S. economic data encouraged bets on the Federal Reserve raising interest rates in September. "Gold is an asset that pays no interest or coupon and the rate...

  • *Top miner Nickel Asia eyes record exports this year. MANILA, July 31- Philippine nickel miners, hit by a slump in prices, may have found an unexpected ally in the El Nino. "The impact of El Nino on our operations is going to be positive," said Emmanuel Samson, the CFO of top miner Nickel Asia Corp. "The dry weather means our mines can continue to be productive in October or...

  • LONDON, July 31- IAG, owner of British Airways and Iberia, said on Friday it will continue to focus on driving down costs as competition intensifies both within Europe and as rivals put on more capacity on its all-important transatlantic routes. IAG, which is buying Aer Lingus to add to a portfolio comprising BA, Iberia and Vueling, said its unit revenue per...

  • LONDON, July 31- Oil prices fell on Friday as concern over global oversupply intensified after the head of oil producers' cartel OPEC indicated there would be no cuts in production despite a huge global oversupply. Badri said rising demand would prevent a further fall in oil prices and suggested cuts in OPEC output would not have much impact on the market.

  • Lloyds bank first half net income up 15 percent Friday, 31 Jul 2015 | 4:35 AM ET

    LONDON— Lloyds Banking Group says first-half net income rose 18 percent to 677 million pounds as the government-backed bank accelerated its recovery from the financial crisis. The bank, bailed out by taxpayers in 2008, disclosed Friday that the government's stake had been reduced to just 15 percent from as much as 43 percent. CEO Antonio Horta-Osorio said in a...

  • LONDON, July 31- The dollar steadied near a one-week high against a basket of currencies on Friday and was on track for an almost 2 percent monthly rise, with the latest U.S. growth data supporting the case for the Federal Reserve to raise interest rates this year. "Expectations of a September rate hike were probably marginally firmed up on the growth data but it...

  • July 31- Martin Sorrell's WPP and buyout firm Providence agreed on Friday to buy British marketing group Chime Communications for 374 million pounds in a bid to turn the smaller group into a global sports marketing agency. The offer from Providence and shareholder WPP includes an interim dividend of 2.53 pence per share. WPP, which owns about 20 percent of Chime,...

  • NEW YORK— Stocks closed modestly lower Friday as oil titans Exxon Mobil and Chevron led a slump in energy stocks. Shares of Exxon Mobil and Chevron, the two largest publicly traded energy companies, fell roughly 5 percent each on Friday. Exxon shares fell $3.80, or 4.6 percent, to $79.21.

  • *Asia stocks set for July loss after worst China drop in 6 years. SINGAPORE/ TOKYO, July 31- Asian shares inched higher on Friday but were still set to post a loss for July, led by China's biggest monthly drop in six years. Financial spreadbetters predicted Britain's FTSE 100 to open 2 to 4 points higher, or up 0.06 percent, Germany's DAX to gain 2 to 3 points, or almost flat...

  • SEOUL, South Korea— China's stock market extended its loss for a second day while other Asian stocks were mostly up Thursday after data showed the U.S. economy posted solid growth during the second quarter. Japan's Nikkei 225 was flat at 20,525.29 while Hong Kong's Hang Seng index rose 0.4 percent to 24,602.11. Stocks in Australia and New Zealand were higher as...

  • DIARY-Top Economic Events to Aug 12 Thursday, 30 Jul 2015 | 8:00 PM ET

    LONDON- Bank of England holds Monetary Policy Committee meeting. LONDON- Bank of England announces interest rate decision- 1100 GMT. LONDON- Bank of England will release the minutes from its August policy meeting- 1100 GMT.

  • NEW YORK, July 30- Crude futures settled down on Thursday, pressured by a rally in the dollar which countered bullish sentiment from a drawdown in U.S. stockpiles that was much steeper than expected. Global benchmark Brent neared a six-month trough earlier this week and U.S. futures neared four-month lows, pressured by a global glut, a resurgent dollar and China's...

  • July 30- Virgin America Inc, a low-cost airline partly owned by billionaire Richard Branson, said it expects business to improve in Dallas, a major airline hub where competition has led to increased discounting. Dallas, which accounts for 12 percent of Virgin America's total capacity, is the hometown of No. 1 U.S. airline American Airlines Group Inc and Southwest...

  • NEW YORK, July 30- Crude futures erased early gains on Thursday after bullish sentiment from a drawdown in U.S. stockpiles was checked by a rally in the dollar. Oil has lost more than $10 a barrel over the past month, with global benchmark Brent nearing a six-month trough earlier this week and U.S. futures near four-month lows, amid a global glut, resurgent dollar and...

  • LONDON, July 30- Hopes the worst is over for big banks' financial market trading look premature, with the latest snapshot of earnings and volumes suggesting the pressure on these operations remains intense. "FICC revenues for the Coalition Index will decline in Q2 this year versus Q2 last year, and the first half versus the first half last year," said George...

  • Oil has lost more than $10 a barrel over the past month, with global benchmark Brent nearing a six-month trough earlier this week and U.S. futures near four-month lows, amid a global glut, resurgent dollar and recent stock market tumble in China. Brent was up 50 cents, or 1 percent, at $53.88 a barrel by 10:27 a.m. EDT, extending its slight rise in the previous session.

  • NEW YORK, July 30- Exchange operator BATS Global Markets plans to put a rule in place that would allow it to crack down more promptly on manipulative trading behavior on its exchanges. BATS said on Thursday its "Client Suspension Rule," which requires approval from the U.S. Securities and Exchange Commission, would allow the company to halt manipulative conduct...

  • FOREX-Dollar rises as U.S. growth supports rate-hike view Thursday, 30 Jul 2015 | 10:18 AM ET

    Q2 GDP data supports view on Fed rate hike. *Greenback gains against major currencies. NEW YORK, July 30- The dollar rose to its highest level this week on Thursday as news of faster U.S. economic expansion in the second quarter supported the notion that the U.S.

  • NEW YORK— After starting the day broadly lower, U.S. stocks recovered nearly all of their losses by mid-afternoon Thursday and were trading near breakeven. A batch of disappointing results from Procter& Gamble, Facebook and others weighed on the market. NO SALE: Consumer products giant Procter& Gamble fell $3.20, or 4 percent, to $77.43.

  • *British arm becomes main profit engine, Spain lags. The stronger growth points to progress in Chairwoman Ana Botin's plan to improve profits by expanding lending rather than through acquisitions, as the bank tries to ride an economic recovery in Europe. In Britain-- now the group's biggest profit engine ahead of Brazil-- lending rose nearly 3 percent from the end...