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  • *CEO says increasingly worried about, China, Russia, LatAm. FRANKFURT, July 27- Philips reported higher quarterly medical equipment sales and improved margins in its consumer and lighting businesses on Monday but cautioned that growth was slowing in China and other emerging markets. Chief Executive Frans van Houten said in a statement he was encouraged by...

  • Chicago Bridge & Iron tops 2Q profit forecasts Thursday, 23 Jul 2015 | 4:09 PM ET

    THE HAGUE, Netherlands _ Chicago Bridge& Iron Co. on Thursday reported second-quarter earnings of $169.5 million. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.44 per share. Chicago Bridge& Iron shares have increased 11 percent since the beginning of the year.

  • PARIS/ BERLIN, July 22- Greece's new bail-out deal imposes a stiff dose of budget rigor and market deregulation which critics say few leaders of Western Europe's biggest nations have dared serve their own voters. "Francois Hollande is very good at telling others how to do their reforms," opposition French conservative Xavier Bertrand said in a dig at France's...

  • ISTANBUL, July 22- HSBC is set to agree to sell its Turkish business to Dutch lender ING Group for around $700 million- $750 million in the next few days, two people familiar with the matter told Reuters on Wednesday. Acquiring HSBC's business would allow ING to roughly double its around $15 billion of assets in Turkey, putting it on better footing in a highly...

  • WASHINGTON— Eli Lilly& Co. reported Wednesday that an experimental medication might slow mild Alzheimer's if people take it early enough, one of a handful of drugs in late-stage testing in the frustrating hunt for a better treatment. David Knopman of the Mayo Clinic, who has monitored some of Lilly's data. The National Institutes of Health expects to spend $586...

  • MANILA, Philippines— The Chinese ambassador in Manila said Wednesday that trade between China and the Philippines grew last year despite their protracted territorial conflicts, providing hope their relations could flourish even as tensions remain. Ambassador Zhao Jianhua also played down reports that Chinese President Xi Jinping may skip the annual...

  • AMSTERDAM, July 21- Dutch navigation firm TomTom, which aims to reinvent itself as a supplier of high-definition maps for self-driving cars, posted quarterly results that hammered home how far it has travel to compete with major rival Nokia HERE. With Nokia expected to sell HERE to a consortium of German carmakers, industry experts see TomTom as an alternative...

  • LONDON, July 20- Oil dropped on Monday as signs of a growing glut in refined products outweighed a fall in Saudi crude exports and slower U.S. rig activity. Crude prices have fallen for three weeks in a row on expectations of increased oil sales from Iran following a deal to ease sanctions against the OPEC producer. Brent crude for September was down 35 cents at...

  • *European shares rise, reversing fall in Asia. LONDON, July 20- The dollar jumped to three-month highs on Monday, extending its recent run of gains as expectations of a U.S. rate rise gathered pace, while gold prices plunged to their lowest in more than five years. Greece- related fears continued to recede as the country's banks reopened for the first time in three...

  • European shares hit fresh six week highs, OCI surges Monday, 20 Jul 2015 | 4:32 AM ET

    *Julius Baer slides after tax-dodging charge. Top riser was OCI, up 11 percent after the Amsterdam- listed chemical company confirmed it is in advanced merger talks with U.S. fertilizer maker CF Industries Holdings Inc.. Yara sold a 50 percent stake in its British fertilizer manufacturer to CF Industries, its joint venture partner, three weeks ago and traders...

  • European shares near six-week highs, OCI surges Monday, 20 Jul 2015 | 3:23 AM ET

    LONDON, July 20- European shares edged higher on Monday, closing in on fresh six week highs, with Greece fears receding further as the country's banks re-opened and with Dutch chemical firm OCI surging on merger talks. Greek banks are ready to open their branches across the country after a three-week shutdown, officials said, although trading shares in these...

  • LONDON/ BRUSSELS, July 17- A year after the downing of MH17, Europe's intelligence agencies remain reluctant to share information that might help airlines detect threats from ground-based conflicts in future, the region's aviation safety chief said on Friday. Malaysia Airlines flight 17, flying from Amsterdam to Kuala Lumpur, was shot down over eastern...

  • July 17- U.S. fertilizer maker CF Industries Holdings Inc is in advanced merger talks with Amsterdam- listed chemical company OCI NV, the Wall Street Journal reported. Shares of CF Industries, which has a market value of about $14.8 billion, were up 7.4 percent at $67.22 after the report. Both CF Industries and OCI were not immediately available to comment on the...

  • *Iran starts moving oil stored offshore to Asia. "With the Iran deal people are aware there is more supply coming so all impetus for a price correction higher has gone," said Hans van Cleef, senior energy economist at ABN Amro in Amsterdam. Iran has started to ship oil to Asia that it had been storing offshore for months after Tehran and six world powers reached a...

  • UPDATE 3-Oil flat, weak dollar offsets supply glut Friday, 17 Jul 2015 | 7:22 AM ET

    *Iran starts moving oil stored offshore to Asia. "With the Iran deal people are aware there is more supply coming so all impetus for a price correction higher has gone," said Hans van Cleef, senior energy economist at ABN Amro in Amsterdam. Iran has started to ship oil to Asia that it had been storing offshore for months after Tehran and six world powers reached a...

  • SYDNEY— Tearful relatives of several Australians who were flying on the Malaysian jetliner that was shot down over eastern Ukraine a year ago gathered for a memorial service Friday that included the unveiling of a plaque set in soil from the place where they died. There were 38 Australian citizens and permanent residents among the 298 people on Malaysia...

  • *Iran starts moving oil stored offshore to Asia. "With the Iran deal people are aware there is more supply coming so all impetus for a price correction higher has gone," said Hans van Cleef, senior energy economist at ABN Amro in Amsterdam. Iran has started to ship oil to Asia that it had been storing offshore for months after Tehran and six world powers reached a...

  • MADRID, July 16- Spain sold 6.4 billion euros in bonds on Thursday at its biggest auction in over a year, with benchmark yields falling as investors piled in, reassured by Greece's progress in securing a bailout. Together with a Treasury bill auction on Tuesday, Spain has raised 12.2 billion euros in debt this week, one of the biggest amounts in recent years, making...

  • DIARY-Top Economic Events to July 28 Tuesday, 14 Jul 2015 | 8:00 PM ET

    WASHINGTON- Federal Reserve Chair Janet Yellen delivers semi-annual testimony on monetary policy before the House Financial Services Committee- 1400 GMT. KANSAS CITY, United States- Federal Reserve Bank of Kansas City President Esther George speaks on economic conditions and monetary policy before the Federal Reserve Bank of Kansas City 2015...

  • DIARY-Top Economic Events to July 27 Monday, 13 Jul 2015 | 8:00 PM ET

    LONDON- Bank of England's monetary policy member David Miles speaks at the Resolution Foundation on "Weathering the storm: The recent past, present and future of UK monetary policy"- 1700 GMT. WASHINGTON- Federal Reserve Chair Janet Yellen delivers semi-annual testimony on monetary policy before the House Financial Services Committee- 1400 GMT.