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  • DUBAI, United Arab Emirates— The United Arab Emirates has slashed gasoline subsidies, announcing Tuesday that it will raise the cost of a liter of regular gasoline by 24 percent amid globally low oil prices that have cut into the country's revenues. Starting Aug. 1, drivers will pay 2.14 dirhams per liter of gasoline at the pump instead of 1.72 dirhams, or about...

  • Ford surprises in 2Q with record North American profit Tuesday, 28 Jul 2015 | 7:17 AM ET

    DEARBORN, Michigan— Ford Motor Co.' s net income jumped 44 percent to $1.9 billion in the second quarter as global sales rose and customers paid more for new trucks and SUVs with premium features. Ford pulled off a record quarterly profit of $2.6 billion in North America even though dealerships weren't fully stocked with its best-selling vehicle, the F-150...

  • Radware misses Street 2Q forecasts Tuesday, 28 Jul 2015 | 6:48 AM ET

    TEL AVIV, Israel _ Radware Ltd. on Tuesday reported second-quarter profit of $7.2 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share. Radware shares have fallen roughly 9 percent since the beginning of the year.

  • LONDON, July 28- Emerging stocks languished near a two-year low on Tuesday after Chinese shares took another beating while currencies, mired around multi-year lows, were pulled in different directions by the rising dollar and falling oil prices. MSCI's emerging market stock index was flat after Chinese shares closed down 1.7 percent with Beijing scrambling...

  • KUALA LUMPUR, Malaysia— Long-haul budget carrier AirAsia X said Tuesday it expects to return to operational profit by the end of the year and is open to foreign investment. AirAsia X has suffered losses in the past two years and its share price has plunged to near record lows at around 0.20 ringgit, far below its IPO price of 1.25 ringgit. Malaysia- based AirAsia X has...

  • PARIS, July 28- France's largest telecom operator Orange inched closer in the second quarter to a long-awaited recovery as customers shifted to premium high-speed mobile and broadband services, allowing it to confirm annual profit, debt and dividend targets. Analysts welcomed what they said was a slight beat on revenue and core profit as strong commercial...

  • Energy company BP slides to loss in 2nd quarter Tuesday, 28 Jul 2015 | 3:22 AM ET

    LONDON— BP reported a second-quarter loss Tuesday after the London- based oil company set aside another $10.8 billion to cover the cost of the Deepwater Horizon accident. The net loss of $5.82 billion compared with net income of $3.37 billion a year earlier. The report is the first since BP announced a deal that will provide a further $18.7 billion to five U.S....

  • BOSTON— Some U.S. colleges with overseas-study programs won't touch Ukraine. Tufts University, on the other hand, is drawn to the turmoil in the former Soviet republic, which the U.S. State Department deemed dangerous for travel. The potential to help activists and scholars, Tufts professor Peter Levine says, outweighs the risks posed by an unstable country.

  • LAUNCESTON, Australia, July 28- Weakness in global oil benchmark Brent has prompted China to buy more crude from Africa. For the Angolans, the large boost in July exports to China will be a welcome change, as they lost their number two spot behind Saudi Arabia in the first six months of 2015 to Russia, according to Chinese customs data. China imported 19.011 million...

  • NEW YORK, July 27- Crude oil futures hit four-month lows on Monday after a steep drop in China's stock markets spread concerns about the economic health of the world's biggest energy consumer, amid evidence of a growing crude glut. Brent crude oil was down 95 cents, or 1.7 percent, at $53.67 a barrel by 11:35 a.m. EDT. U.S. crude slipped 55 cents, or 1.2 percent, to $47.59,...

  • Tough times strike Saudi Arabia’s millionaires Monday, 27 Jul 2015 | 10:35 AM ET

    Turmoil in the Middle East, an unimpressive international stock market debut and tumbling oil prices will hit the wealth of Saudi Arabia's richest in years to come, according to a new report from WealthInsight.

  • TEL AVIV, July 27- Teva Pharmaceutical Industries has agreed to buy Allergan Plc's generic drugs business for $40.5 billion in a cash and stock deal that will turn the Israeli company into one of the world's largest pharmaceutical firms. It also will allow Dublin- based Allergan, the third-largest generic drugmaker in the United States, to focus on branded drugs...

  • *Iran deal likely boosted industry expectations-economist. BERLIN, July 27- Business confidence in Germany unexpectedly improved in July after two monthly drops as an agreement between Greece and its creditors for talks on a third bailout lifted the mood at firms in Europe's largest economy. Ifo president Hans-Werner Sinn said the easing of the crisis had...

  • TEL AVIV, July 27- Teva Pharmaceutical Industries has agreed to buy Allergan Plc's generic drugs business for $40.5 billion in a deal that will turn Teva into one of the top 10 pharmaceutical companies. Allergan's generic business is generally seen as a better fit than Teva's previous target Mylan because it will improve Teva's distribution channels and...

  • JERUSALEM— Israel's Teva Pharmaceutical Industries Ltd. said Monday it is purchasing Dublin- based Allergan PLC's generic pharmaceuticals business for $40.5 billion, in what Israeli analysts called the largest-ever acquisition by an Israeli company. Statements from both companies say the deal will see Allergan receive $33.75 billion in cash and shares...

  • JERUSALEM— Israel's Teva Pharmaceutical to buy Allergan's generic pharmaceuticals business for $40.5 B.

  • BERLIN, July 27- Business confidence in Germany improved in July after two monthly drops as an agreement between Greece and its creditors for talks on a third bailout lifted the mood at firms in Europe's largest economy. Hans-Werner Sinn, president of Ifo think tank, said the easing of that crisis had helped boost sentiment in Germany. Last week Germany and Iran...

  • SANAA, July 27- A truce appeared to be holding on Monday in Yemen's capital Sanaa, the target of near-nightly air raids during a fourth-month-old war, with residents saying the city had passed a quiet night. Four months of air raids and war have killed more than 3,500 people in the Arabian Peninsula state. U.N. children's agency UNICEF says the death toll includes...

  • U.S. crude for September delivery was down 14 cents at $48 as of 0024 GMT, after closing the previous session down 31 cents at $48.14, its lowest settlement since March 31 and down 5.5 percent on the week. Brent crude futures for September delivery fell 4 cent to $54.58 after ending the previous session 65 cents down, the lowest close since March 19 and a drop of 4.3...

  • WASHINGTON— As President Barack Obama faces pressure to discuss human rights in his first official visit to Ethiopia this weekend, a unique lawsuit back home is challenging whether the African country can spy on an American by turning his computer into a giant recording device. But the man, born in Ethiopia and now a U.S. citizen, isn't wanted for a crime.