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  • While FAA inspectors complained that they've had to cancel inspections because of the agency's tight travel budget, the GAO said it couldn't confirm the assertions because the FAA said doesn't keep separate data on travel expenditures for oversight of foreign repair stations. The report also criticized the FAA for not collecting data from airlines on the...

  • Egypt said late on Tuesday it was seeking $4 billion a year over three years from the International Monetary Fund to help plug a funding gap. Egyptian stocks have surged on hopes a deal would revive confidence and allow Egypt to remove restrictions on access to hard currency that have hit manufacturing and trade and made it hard for foreign firms to repatriate...

  • July 28- Harley-Davidson Inc on Thursday said a decrease in total sales and soft domestic demand lowered second-quarter profit and has led the company to trim its forecast for motorcycle shipments in 2016.. While our share gains helped to blunt the full impact of this weak market, lackluster industry sales have had a significant impact on our results and our...

  • July 28- Raytheon Co reported better-than-expected quarterly revenue and profit as sales of its smart bombs rose, and it raised its 2016 earnings forecast, partly due to strong demand in markets outside the United States. The maker of Patriot missile systems and Paveway laser- and GPS-guided bombs said it was seeing demand across Europe, Middle East and Asia...

  • July 28- National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, said demand rose for some of its products and services in North America in recent weeks, as drillers put rigs back to work. "Like others in our space, we believe we are seeing some isolated green shoots of activity," Chief Executive Clay Williams said on a post-earnings call.

  • WASHINGTON, July 28- The International Monetary Fund said on Thursday that the size of Egypt's financing program will be determined by a two-week IMF mission to Cairo starting this weekend. He noted that Egypt's quota, or shares in the Fund, are about 2.08 billion Special Drawing Rights- the IMF's unit of account- or about $2.9 billion at current exchange rates.

  • WASHINGTON, July 28- The International Monetary Fund said on Thursday that the size of Egypt's financing program will be determined by a two-week IMF mission to Cairo starting this weekend.

  • DUBAI, United Arab Emirates— Abu Dhabi's government-backed Mubadala Development Company has agreed to buy a 20- percent stake in Bahraini investment firm Investcorp. It also has stakes in Fairfield, Connecticut- based General Electric Co. and Washington- based private equity firm The Carlyle Group. Mubadala is in the process of being merged with the...

  • WEST DES MOINES, Iowa _ West Bancorp Inc. on Thursday reported second-quarter profit of $5.5 million. West Bancorp shares have fallen roughly 7 percent since the beginning of the year. Keywords: West Bancorp, Earnings Report.

  • CAIRO, July 28- Egypt expects to receive at least $2 billion within two months of agreeing a three-year $12 billion loan program with the International Monetary Fund, a senior finance ministry official said on Thursday. Egypt announced late on Tuesday it was seeking $4 billion a year over three years from the IMF to help plug a funding gap and restore market...

  • *But forecasts worsen for Oman and Bahrain. DUBAI, July 28- Economists have cut growth forecasts for most of the rich oil exporting countries of the Gulf as non-oil business activity slows because of government austerity measures, a quarterly Reuters poll found. Median forecasts for gross domestic product growth this year have been cut for four of the six GCC...

  • The Waltham, Massachusetts- based company's shares rose 2.4 percent to $138.60 in premarket trading on Thursday. O'Brien said Raytheon got nearly a third of its sales from clients outside the United States. Of this, about half came from the Middle East and Africa regions.

  • *Officials say smuggling in Iraq down 90 pct since 2014 peak. BAGHDAD, July 28- Islamic State, pushed off more than half the Iraqi territory it seized in 2014, has suffered a near collapse in revenue from oil smuggling, officials say, forcing it to cut fighters' pay, levy new taxes and raise fines for breaking its religious code. At one point it made millions of dollars a...

  • CAIRO, July 28- Egypt expects to receive at least $2 billion within two months of agreeing a three-year $12 billion loan programme with the International Monetary Fund, a senior finance ministry official said on Thursday. Egypt announced late on Tuesday it was seeking $4 billion a year over three years from the International Monetary Fund to help plug a funding...

  • LONDON, July 28- A dollar retreat boosted emerging assets on Thursday, with stocks at new 11- month highs despite fresh wobbles on Chinese equity markets, while the Turkish lira continued its recovery, firming to one-week highs. MSCI's emerging equity index rose 0.25 percent despite pullbacks in Asian markets, where some concern is rising over volatility in...

  • SINGAPORE, July 28- India's initial plan to build-up its strategic petroleum reserves is not shaping out to be the dramatic event that some in the market had hoped could help reignite global oil demand. Indeed, India's initial SPR plan pales in comparison to a program that is ten-fold bigger in China and is a further sign that Asia's demand outlook may not be as...

  • *Adani Group building India's first transshipment port. *India expects to save millions of dollars in detour costs. New Delhi will grant billionaire Gautam Adani 16 billion rupees so-called "viability gap" funding to help the new port at Vizhinjam, on India's southern tip, win business from established hubs elsewhere in Asia.

  • THURSDAY, JULY 28 KIEV- National Bank of Ukraine monetary policy meeting- 0700 GMT. COLOMBO- Central Bank of Srilanka monetary policy committee meeting- 1230 GMT. PRAGUE- Czech Banking Association holds a press conference on the updated macroeconomic forecast- 0800 GMT.

  • STOCKHOLM, July 27- YouTube video star PewDiePie's company made 70 million crowns profit in 2015, an annual report filed in Sweden showed, following controversy over payments for video game promotion. He was among those named by the U.S. Federal Trade Commission this year as one receiving payments for posting positive videos and reviews of Warner Bros Home...

  • DUBAI, United Arab Emirates— Port operator DP World says it has reached a deal to help expand a seaport in Taiwan. The Dubai- based company said Wednesday it signed a memorandum of understanding with the state-run Taiwan International Ports Corporation to develop a seventh cargo terminal at Kaohsiung Port, Taiwan's largest harbor. Government-backed DP World...