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  • SHANGHAI, July 30- China General Nuclear Power Corp on Saturday said it respects the decision of the new British government to review a nuclear power project in which it would hold a major stake, according to a statement on the company's official microblog. China's foreign ministry did not answer questions faxed by Reuters, referring further questions to...

  • Britain's Financial Conduct Authority and the China Securities Regulatory Commission are cooperating on a regulatory framework for a scheme for distributing fund products in each other's jurisdiction and a proposed London- Shanghai link for trading shares, two people with direct knowledge of the matter said. Britain, home to the EU's biggest finance...

  • The British government announced on Friday it would review the Hinkley Point C project just hours after the builder, French state-owned utility EDF, voted to approve it, delaying a final decision on the plan just weeks after Britain's vote to leave the European Union ushered in a new prime minister. The Hinkley Point reactor project, which would provide an...

  • Speakers: Reserve Bank of India Governor Raghuram Rajan, Swiss National Bank Chairman Thomas Jordan, Monetary Authority of Singapore Managing Director Ravi Menon, Bank Indonesia Deputy Governor Perry Warjiyo, IMF Deputy Managing Director Mitsuhiro Furusawa, Bank of Philippines Governor Amando Tetangco and Federal Reserve Bank of New York President...

  • *Both down nearly 15 pct on month; WTI drop most since July 2015. NEW YORK, July 29- Oil prices steadied on Friday after touching three-month lows during a week-long selloff fueled by a persistent global supply glut, bringing the monthly decline to nearly 15 percent, the biggest monthly loss in a year for U.S. crude. Hedge funds, some of the biggest bulls in oil, slashed...

  • *Both down nearly 15 pct on month; WTI drop most since July 2015. NEW YORK, July 29- Oil prices steadied on Friday after touching three-month lows amid a week-long selloff but still finished the month nearly 15 percent lower, with U.S. crude declining the most in a year because of a persistent glut. Hedge funds, some of the biggest bulls in oil, slashed their positive bets...

  • NEW YORK/ LONDON, July 29- Gold rose to its highest level in nearly three weeks on Friday after much slower-than-expected U.S. economic growth weighed on the dollar, and was on track for a second monthly gain in a row. The U.S. Commerce Department reported that GDP grew at an annual rate of 1.2 percent in the second quarter, far less than economists' estimates of 2.6...

  • *Both down 15 pct on month; WTI drop the biggest since July 2015. NEW YORK, July 29- Oil prices recovered on Friday after a week-long selloff but still finished the month nearly 15 percent lower, with U.S. crude declining the most in a year because of a persisting glut. The Brent September contract, which expired as the front-month, settled at $42.46 a barrel, down 0.6...

  • *79 bln pound deal would be biggest takeover of UK company. LONDON/ BRUSSELS, July 29- The board of brewer SABMiller will recommend its shareholders approve a sweetened takeover offer by Anheuser-Busch InBev, the company said on Friday, capping a week of high drama about the fate of the consumer industry's biggest-ever merger. Its earlier offer had been made less...

  • *Both down 15 pct on month; WTI drop the biggest since July 2015. NEW YORK, July 29- Oil prices steadied on Friday amid short-covering after a week-long selloff but were on track to end the month about 15 percent lower on persistent glut concerns, with the biggest decline seen for U.S. crude in a year. Brent's expiring front-month contract, September, was at $42.15 a...

  • *Traders pare Fed rate-hike view on paltry U.S. growth. NEW YORK, July 29- U.S. Gross domestic product, the government's broadest economic gauge, grew at a 1.2 percent annual rate after rising the Commerce Department said on Friday.

  • LONDON, July 29- The board of brewer SABMiller will recommend its shareholders approve a sweetened takeover offer by Anheuser Busch InBev, the company said on Friday, capping a week of high drama about the fate of the consumer industry's biggest-ever merger. AB InBev added a pound-per-share to its cash offer on Tuesday to quash investor dissent over a deal that...

  • *Both down 15 pct on month; WTI drop the biggest since July 2015. NEW YORK, July 29- Oil prices steadied on Friday amid short-covering after a week-long selloff but were on track to end the month about 15 percent lower on persistent glut concerns, with the biggest decline seen for U.S. crude in a year. Brent's most active contract, October, was down 8 cents at $43.15 after...

  • LONDON, July 29- The board of brewer SABMiller will recommend shareholders approve the final takeover offer by Anheuser Busch InBev, the company said on Friday, capping a week of high drama about the fate of the consumer industry's biggest-ever merger. AB InBev raised its cash offer to most shareholders by a pound-per-share on Tuesday, after the recent fall in...

  • LONDON, July 29- The board of brewer SABMiller will recommend shareholders approve the final takeover offer by Anheuser Busch InBev, the company said on Friday.

  • LONDON, July 28- Britain's battered pound looks to be holding its own a month after the shock vote for a Brexit, even as the Bank of England prepares to take UK interest rates below their U.S. equivalents for the first time in a decade. Sterling sank by 14 percent within hours of the decision to quit the European Union in June 23' s referendum and banks were quickly...

  • However, the gains were held back by disappointing results from Exxon Mobil as well as news out of the Bank of Japan, which did not announce as much stimulus as many had hoped. The Dow was held back partly by a drop in the oil giant Exxon Mobil. Exxon fell $1.25, or 1.4 percent, to $88.95.

  • *Trump wants to tear up Iran nuclear deal if he wins. LONDON/ ANKARA, July 29- Britain's vote to leave the European Union and the rise of U.S. presidential nominee Donald Trump have paralysed efforts by Western governments to encourage already highly reluctant international banks to do business with Iran. Uncertainty is frustrating Tehran's push for foreign...

  • *They say Russia targets softer southern/eastern EU states. MOSCOW, July 29- Vladimir Putin will step up Russia's campaign to end European Union sanctions with a visit to Slovenia on Saturday, encouraged by signs his tactic of lobbying what he views as more pliant southern and eastern European states is starting to pay off. Combined with American and Group of...

  • WASHINGTON, July 29- The U.S. economy grew far less than expected in the second quarter as inventory investment fell for the first time in nearly five years, but a surge in consumer spending pointed to underlying strength. Gross domestic product increased at a 1.2 percent annual rate after rising by a downwardly revised 0.8 percent pace in the first quarter, the...