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  • NEW YORK, July 21- The U.S. dollar hit its lowest level in more than a year against a basket of major rivals on Friday a day after the European Central Bank's chief abstained from talking down the euro, while obstacles to U.S. ECB President Mario Draghi said on Thursday that financing conditions remained broadly supportive, and noted that the euro's appreciation...

  • *Domino's sees enormous pizza potential outside Moscow. MOSCOW, July 21- Global pizza brands Domino's and Papa John's are preparing an assault on Russia's provinces, betting they can turn a profit far from Moscow as online card payments become more widespread and consumers get to know foreign brands better. But Domino's Pizza's Russian franchisee, DP Eurasia,...

  • The industrial group said it now had credible evidence that all four gas turbines it delivered a year ago for a project in southern Russia had been illegally moved to Crimea, confirming a series of Reuters reports over the past weeks. The move is embarrassing for Russia which stands accused of disregarding EU sanctions and of flouting its original agreement...

  • JAKARTA/ TORONTO, July 21- An estimated 5,000 workers at the giant Grasberg copper mine operated by Freeport-McMoRan Inc's Indonesian unit will extend their strike for a fourth month, a union official said on Friday, in an ongoing dispute over layoffs and employment terms. The escalating labor issue comes as Freeport, the world's largest publicly traded copper...

  • T-72B1 battle tanks take part in military exercises near Murom as part of an operational meeting of the Russian Armed Forces top officials.

    U.S. allies worry Russia's planned war games could be a "Trojan horse" aimed at leaving behind military equipment brought into Belarus.

  • LONDON/ DUBLIN, July 21- Bank of America on Friday became the first Wall Street lender to pick Dublin as its new base for its European Union operations as Britain prepares to leave the bloc. Frankfurt and Dublin are emerging as early winners for banks' post-Brexit operations. Wall Street's Citigroup Inc. and Morgan Stanley have both picked Frankfurt as bases for...

  • LONDON, July 21- A 14 billion pound class action lawsuit against MasterCard for allegedly overcharging more than 45 million people in Britain over a 16- year period was blocked by a British court on Friday. The Competition Appeal Tribunal, a newly-empowered court that oversees Britain's fledgling class action regime, ruled that it would not grant the...

  • LONDON, July 21- There is a near one-in-three chance Britain and the European Union will have failed to ink a deal when the official divorce negotiation period draws to a close at the end of March 2019, a Reuters poll of economists found. There was little difference between UK- and non- UK based respondents but the range of forecasts was wide- from 5 to 75 percent.

  • *OPEC, non- OPEC committee to discuss oil pact in Russia. Petro-Logistics, which tracks OPEC supply forecasts, said OPEC crude production would rise by 145,000 barrels per day this month, taking the group's combined output above 33 million bpd. OPEC and some non- OPEC states, such as Russia, pledged to cut production by 1.8 million bpd between January this year and the...

  • LONDON, July 21- Bank of America has become the first Wall Street bank to pick Dublin to be its new base for its European Union operations as Britain prepares to leave the bloc, the firm said in a statement on Friday. International banks are planning to set up subsidiaries in the EU to ensure they can continue to serve clients if their London operations lose the...

  • LONDON/ VANCOUVER, July 21- Mining giant Glencore Plc is working with a Canadian pension fund to create a standalone 50:50 joint venture for its portfolio of royalty assets, two sources with knowledge with the matter said on Friday. The sources said on Friday it was now in talks to create a 50:50 venture for the assets with Canada's Ontario Teachers' Pension Plan.

  • LONDON— A British man and his young daughter have gained international attention for being fined for selling lemonade. Andre Spicer said his 5- year-old daughter was left in tears after local council officers fined her 150 pounds for selling lemonade without a license near their home in London. Spicer wrote an article about the incident for the Daily...

  • LONDON, July 21- A 14 billion pound class action lawsuit against MasterCard for allegedly overcharging more than 45 million people in Britain over a 16- year period was blocked from proceeding by a judge, MasterCard said on Friday. Had it been allowed to proceed, the case would have been the largest and most complex in UK legal history and would have tested the...

  • *Test of $1.20 may be on the cards. LONDON, July 21- The euro held near a two-year high against the dollar on Friday as investors took the latest European Central Bank meeting as a sign that policymakers weren't greatly concerned about recent currency strength. European Central Bank President Mario Draghi said on Thursday that financing conditions remained...

  • LONDON, July 21- Euro zone bond yields dropped across the board on Friday after the single currency hit a two-year high against the dollar, leading investors to question the timing of the European Central Bank's planned withdrawal of stimulus. The European Central Bank left its ultra-easy monetary policy unchanged on Thursday and did not discuss clawing back...

  • LONDON, July 21- Gold was set for its biggest weekly gain in two months on Friday as a surging euro pushed the dollar to its weakest since June 2016, making bullion cheaper for holders of other currencies. Bond yields also fell after Mario Draghi said on Thursday the European Central Bank was in no rush to scale back its asset purchase programme.

  • BENGALURU, July 21- Organisers of conferences and trade shows are benefiting from a shift in the way marketing budgets are allocated, with companies spending less on advertising and more on events that allow them to connect directly with customers. Research and advisory firm Outsell predicts corporate budgets for business-to-business events in the giant...

  • *OPEC members Iran and Kuwait in diplomatic row. Investors were also taking positions ahead of a meeting between OPEC and non- OPEC members in Russia on Monday at which they will discuss compliance with agreed production cuts and progress towards rebalancing an oversupplied market. OPEC members Iran and Kuwait are embroiled in a diplomatic spat that saw...

  • *FTSE 100 up 0.2 pct, mid caps flat. LONDON, July 21- UK shares rose on Friday, led by a rise in Vodafone's shares and gains among commodity stocks as blue chips headed for their best week in two months. UK mid caps were flat in percentage terms.

  • LONDON, July 21- Private equity group Permira has bought a stake of at least 10 percent in payments firm Klarna, one of Europe's most highly valued tech startups, the companies said on Friday. Klarna, which says it handles 650,000 transactions per day, got a banking licence from Sweden's financial watchdog last month, two weeks after Anders Holch Povlsen, owner of...