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  • 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...

  • LONDON, July 29- A corporate makeover at Barclays under CEO Jess Staley showed signs of paying off on Friday as the British bank reported an improved performance in its key businesses, helping send its shares up more than 8 percent. Staley in March set out a strategy to simplify the bank's structure and seek higher shareholder returns through the sale of the bulk...

  • *UK government to review plan by early autumn. Fall in UK power price makes project more expensive. LONDON, July 29- Britain has cast doubt on a $24 billion project with French utility EDF to build the UK's first new nuclear plant in decades, delaying a final decision on the plan just weeks after the Brexit vote ushered in a new prime minister.

  • LAGOS, July 29- Breaking the central bankers' taboo on use of the' p-word', Nigeria's Godwin Emefiele is urging people not to panic about the banking system, saying he is on top of any trouble resulting from the worst crisis in Africa's biggest economy for decades. Non-performing loans are expected to jump to 12.5 percent of total loans this year, up from the central...

  • LONDON _ Barclays PLC on Friday reported second-quarter earnings of $971.3 million. The London- based bank said it had earnings of 24 cents per share. Barclays shares have declined 40 percent since the beginning of the year.

  • *Net inflows of $2.4 bln in wealth management Americas. ZURICH, July 29- UBS, Switzerland's biggest bank, has scrapped short-term guidance on profitability due to an increasingly murky outlook for financial markets, even though its second-quarter net profit fell much less than analysts had feared. Like many rivals, UBS is battling negative interest rates, a drop...

  • MADRID, July 29- Spain's acting government raised forecasts for 2016 economic growth on Friday, betting the economy will remain largely immune to an extended political deadlock after a resilient start to the year. Underpinned by a turnaround in one of Europe's most dysfunctional job markets, Spain has extended its three-year recovery from a deep recession...

  • LONDON, July 29- Middle distillates remain the one ray of hope for U.S. oil refiners still struggling to clear a glut of gasoline caused by over-production earlier in the year. Stocks of distillate fuel oil are higher than normal but have been trending down for the last 15 weeks according to the U.S. Energy Information Administration. By July 19, hedge funds had...

  • Political and economic problems have combined to derail the group's plans to sell text books and mark exams in the United States, and the group blamed a drop in revenue from exam marking in the U.S. and Britain, its top two markets, for its disappointing first-half performance. Analysts, however, were skeptical and Pearson's shares were the biggest losers on...

  • LONDON, July 29- Britain's June 23 referendum decision to leave the European Union has had far-reaching consequences for the world's economy, businesses, investors and politics. JULY 29: UK institutional investors voted with their feet after the referendum. Consumer morale in Britain suffered its sharpest drop in more than 26 years post-vote, according to...

  • LONDON, July 29- Britain's June 23 referendum decision to leave the European Union has had far-reaching consequences for the world's economy, businesses, investors and politics. JULY 29: UK institutional investors voted with their feet after the referendum. Consumer morale in Britain suffered its sharpest drop in more than 26 years post-vote, according to...

  • *Global funds throng PSBC meetings in New York, Boston, London. HONG KONG, July 29- Postal Savings Bank of China's up to $10 billion forthcoming IPO is drawing marquee foreign investors' attention due to its clean balance sheet, sources said, though unattractive valuations may mean it will still need local cornerstone investors to succeed. Slots to meet with PSBC's...

  • LONDON, July 29- British consumer morale suffered its sharpest drop in more than 26 years after last month's decision by voters to leave the European Union, according to figures that are likely to embolden Bank of England policymakers to take action next week. Economists expect the Bank of England to cut rates to a new low of 0.25 percent next week and possibly...

  • LONDON _ Aon PLC on Friday reported second-quarter net income of $272 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.40 per share. Five analysts surveyed by Zacks expected $2.85 billion.

  • PARIS— A major nuclear power project in Britain is facing more hurdles as the government announced an unexpected delay and unions at EDF, the French energy firm that will build the plant, argued it would be so expensive as to put the company itself at risk. Three major French unions said in a statement Friday "we know the success conditions are not all met" for the...

  • LONDON, July 29- Gold steadied on Friday, as investors assessed the impact of a modest Bank of Japan stimulus, and was on track for a second monthly gain in a row, while the dollar retreated. U.S. gold was down $1.70 at $1,330.60 an ounce. Uncertainty over the path of interest rates has held gold in check since it rallied to more than two-year highs in the wake of Britain's...