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  • Alibaba aims at Amazon's cloud biz in $1B push Wednesday, 29 Jul 2015 | 3:38 PM ET
    An employee walks past the Alibaba logo at the company’s headquarters outside of Hangzhou, China.

    Alibaba will invest $1 billion into its Aliyun cloud computing arm to challenge Amazon.com's lucrative Web Services division.

  • French, German tank makers sign tie-up agreement Wednesday, 29 Jul 2015 | 3:20 PM ET

    PARIS— French and German executives from two of Europe's leading armored vehicle makers signed a long-awaited merger deal Wednesday aimed at creating a new European champion in the $50 billion annual terrestrial defense market. The tie-up between France's state-owned Nexter Systems and privately held German firm KMW was inked in Paris at the Defense...

  • WASHINGTON, July 29- The U.S. State Department has approved the possible sale to Saudi Arabia of $5.4 billion in additional PAC-3 missiles built by Lockheed Martin Corp, the Pentagon said on Wednesday. "Lockheed Martin is supporting the U.S. government and the kingdom of Saudi Arabia as they discuss the potential sale of additional PAC-3 Missiles as part of the...

  • July 29- Thomson Reuters Corp on Wednesday reported higher-than-expected quarterly profit as the company's biggest division that serves banks and financial institutions showed underlying revenue growth for the first time since 2011.. Thomson Reuters shares, which had been down more than 6 percent in 2015 through Tuesday, rose 4.5 percent after the...

  • WASHINGTON, July 29- The U.S. State Department has approved the possible sale to Saudi Arabia of $5.4 billion in additional PAC-3 missiles built by Lockheed Martin Corp, the Pentagon said on Wednesday. The Defense Security Cooperation Agency said the sale would benefit a key U.S. partner in the Middle East. Notification to Congress was sent on Tuesday and follows...

  • *To restructure and downsize India operations. *To stop production at one of two plants in India. NEW DELHI, July 29- General Motors Co said on Wednesday it will invest $1 billion over the next few years to turn India into a global export hub, even as it cuts production capacity in the country due to sluggish demand.

  • UPDATE 1-Kuwait's Zain Q2 net profit falls 33 pct Wednesday, 29 Jul 2015 | 8:44 AM ET

    DUBAI, July 29- Zain, Kuwait's biggest telecom operator by subscribers, reported a 33 percent fall in second-quarter profit on Wednesday, extending a sustained earnings slump as difficulties in Iraq and a strong dollar hurt earnings. The former monopoly, which operates in eight countries in the Middle East and Africa, made a net profit of 39.2 million dinars in...

  • LONDON/ PARIS, July 29- A Sudanese man died on Wednesday as migrants desperate to enter Britain from France stormed the channel tunnel entrance and British ministers and security chiefs held an emergency meeting to try to tackle the growing crisis. Freight and passenger traffic through the rail tunnel has been severely disrupted as migrants camped out in...

  • US strength helps Goodyear top expectations Wednesday, 29 Jul 2015 | 8:24 AM ET

    AKRON, Ohio— The Goodyear Tire& Rubber Co. on Wednesday reported a drop in second-quarter profit as a strong U.S. dollar cut into international sales, but the results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share. The Akron, Ohio- based company saw revenue fall 10.4...

  • DUBAI, July 29- On the first visit to Iran for 12 years by a French foreign minister, Laurent Fabius conveyed an invitation from President Francois Hollande to Iran's President Hassan Rouhani to visit France in November, Iranian media said. France hopes to secure business in Iran once Western sanctions are lifted under the nuclear deal, and Fabius said last week...

  • Peugeot has "developed proposals" with historic partner Iran Khodro, Tavares said, but progress is being hindered by a backlash over France's tough line during the talks preceding a July 14 breakthrough deal under which sanctions are to be lifted in return for curbs on Iranian nuclear activities. Hashem Yekke-Zare, managing director of Iran Khodro, said the...

  • PARIS, July 29- French oil company Total posted higher than expected second-quarter profit on Wednesday, helped by increased refining margins in Europe and accelerated cost cuts to adjust to a low oil price environment. Europe's second biggest oil company reported adjusted net profit of $3.085 billion, beating analyst expectations of $2.61 billion and only...

  • France deploys riot police to bolster Calais security Wednesday, 29 Jul 2015 | 5:02 AM ET

    CALAIS, France— The young Afghan has tried every single day for three months to get into the railway tunnel in Calais leading to England and what he hopes will be a better life. Men and women, some hiding their faces beneath bandannas, walked single file to sneak over a bent fence along the train tracks leading to the tunnel and ultimately to England.

  • BEIJING/ SINGAPORE, July 29- Any attempt by Iran to sell to China millions of barrels of ultra light crude built up in tankers over the last 2-1/ 2 years of sanctions is likely to be thwarted by poor refining margins and an outage at a major importer of the oil. Traders and company officials say Iran has little choice but to target China to buy the crude known as...

  • *U.S. crude for September delivery dropped 25 cents to $47.73 a barrel as of 0003 GMT, after ending the previous session up 59 cents. The contract fell 17 cents in the previous session, and at one hit $52.28, its lowest since Feb. 2 on concerns about the stock market plunge in China, the world's largest energy consumer. *European Union foreign policy chief Federica...

  • Commodities tomorrow: Buying the dip Tuesday, 28 Jul 2015 | 4:00 PM ET
    Commodities tomorrow: Buying the dip

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • UPDATE 1-Etisalat's net profit falls 40 pct Tuesday, 28 Jul 2015 | 10:55 AM ET

    *Q2 net profit 1.5 bln dirhams vs 2.51 bln dirhams a yr ago. DUBAI, July 28- Abu Dhabi- listed telecoms firm Etisalat missed analyst estimates by reporting a 40 percent fall in second-quarter net profit on Tuesday that it blamed on its troubled Saudi Arabia affiliate Mobily and foreign exchange losses. Etisalat, which operates in about 19 countries across the...

  • FRANKFURT, July 28- Business planning software start-up Anaplan is nipping at the heels of industry leaders SAP, Oracle and IBM, with sales of its cloud-based service tripling in each of the past three years as it seeks to shake up the market. While major players like SAP, Oracle's Hyperion business and IBM's Cognos and Applix units have been forced to offer...

  • Dubai launches expansion of Mideast's biggest port Tuesday, 28 Jul 2015 | 10:11 AM ET

    DUBAI, United Arab Emirates— The Middle East's biggest sea port is growing. Dubai port operator DP World said on Tuesday it is beginning a $1.6 billion expansion of the Gulf commercial hub's sprawling Jebel Ali port. Jebel Ali is the centerpiece of government-backed DP World's network of more than 65 marine terminals around the world.

  • State-owned KNPC commissioned a consortium including Spain's Tecnicas Reunidas, China's Sinopec and South Korea's Hanwha Engineering and Construction to build the main process units of the refinery, KUNA said. A consortium including Daewoo Engineering and Construction, Hyundai Heavy Industries and Fluor Corp of the United States will build support...