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  • BRIEF-TELECOMS CEOS REACT TO OFCOM'S OPENREACH PROPOSAL@. July 26- Ceos react to Ofcom proposal:. *TalkTalk ceo says Ofcom proposal for openreach a step in the right direction- BBC radio.

  • ABU DHABI, United Arab Emirates— The United Arab Emirates might not seem like an obvious spot to begin and end a globe-spanning flight promoting renewable energy. One way is by backing the Solar Impulse 2 solar plane, which ended its round-the-world flight by touching down Tuesday in Abu Dhabi and counts Emirati renewable-energy company Masdar among its...

  • LONDON, July 26- British oil major BP reported a lower than expected profit for the second quarter due to weak refining margins and oil prices, prompting another cut to its 2016 investment budget to below $17 billion. The London- listed energy company said second-quarter underlying replacement cost profit, its definition of net income, was $720 million, down from...

  • LONDON— Anheuser-Busch InBev has increased its cash offer for SABMiller to 45 pounds per share after pressure from investors who had seen the value of the bid drop as the pound declined following Britain's vote to leave the European Union. The maker of Budweiser increased the offer Tuesday by one pound a share, valuing the total transaction at 79 billion pounds.

  • LONDON— BP says second-quarter earnings fell 45 percent as lower oil prices hit the British energy company. The company said Tuesday that underlying replacement cost profit, which excludes one-time items and fluctuations in the value of inventories, fell to $720 million from $1.3 billion in the same quarter a year earlier. The company's net loss narrowed to...

  • ISTANBUL, Turkey, July 26- Muna Awwal wants to go to school. Muna and her family arrived in Turkey from Syria in 2013. Her father Mahmud says some of the clothes are sold in Europe.

  • LONDON, July 26- Britain could borrow nearly 65 billion pounds more than planned in the next couple of years as new finance minister Philip Hammond seeks to' reset' government budget policy to ease the shock of last month's vote to leave the European Union. "There is going to need to be a rethink," said Paul Johnson, director of the Institute for Fiscal Studies, a...

  • LITTLE ROCK, Ark.— An execution drug obtained by the Arkansas prison system earlier this month appears to have been made by a subsidiary of Pfizer, even though the pharmaceutical giant has said it doesn't want its drugs to be used in executions. It matches labels submitted to the National Institutes of Health by Hospira, Inc., which Pfizer bought last year.

  • Trade Representative Michael Froman told his new British counterpart on Monday that the two countries cannot launch negotiations on bilateral trade and investment deals until more is known about Britain's future relationship with the European Union. Trade Representative's office said in a statement that Froman told UK Trade Secretary Liam Fox in a...

  • *Demise of BHS "the unacceptable face of capitalism". LONDON, July 25- Retail tycoon Philip Green's greed and disregard for corporate governance led to the demise of BHS and cost 11,000 jobs, a report by British lawmakers said, calling the collapse of the stores group "the unacceptable face of capitalism". Billionaire Green, 64, owned BHS for 15 years before he sold the...

  • And you have the specter of turnaround season not too far in the horizon, " Robert Yawger, senior vice president of energy futures at Mizuho Securities USA said. U.S. crude settled down $1.06 at $43.13 a barrel, after touching a three-month low of $42.97 during the session. Brent crude futures ended the session down 97 cents at $44.72 a barrel, after hitting their...

  • NEW YORK/ LONDON, July 25- Gold pared losses on Monday as the dollar and world stock markets turned lower ahead of central bank meetings in the United States and Japan. The world's major economies pledged at a G20 meeting over the weekend, dominated by Britain's vote last month to leave the European Union, to use all policy tools available to boost growth.

  • NEW YORK, July 25- A Long Island banana importer serving prison terms for engaging in a cocaine distribution scheme and beating his girlfriend was sentenced on Monday to another 5-1/ 2 years in custody for stealing from his employees' retirement plan. District Judge Paul Engelmayer in Manhattan following his conviction in March on charges including pension...

  • And you have the specter of turnaround season not too far in the horizon, " Robert Yawger, senior vice president of energy futures at Mizuho Securities USA said. U.S. crude was down $1.05 at $43.14 a barrel by 1:50 p.m. EST, after touching a three-month low of $42.97. Brent crude futures were down 95 cents at $44.74 a barrel, after hitting their lowest since May 10 at...

  • NEW YORK, July 25- Oil prices fell nearly 3 percent, with U.S. crude slipping to a 3- month low on Monday on rising concerns that a global glut of crude and refined products would pressure markets, delaying a long-anticipated rebalance in the market. And you have the specter of turnaround season not too far in the horizon, " Robert Yawger, senior vice president of energy...

  • *William Hill surges on bid interest. LONDON/ MILAN, July 25 (Reuters)- European shares inched higher on Monday, with low-cost airline Ryanair climbing after it issued a bullish outlook while shares in William Hill surged on bid interest from its rivals. Germany's DAX rose 0.5 percent after the IFO business morale survey showed the resilience of Europe's biggest...

  • *William Hill jumps after receiving takeover bid. LONDON, July 25- Britain's top share index ended lower after hitting an 11- month high on Monday, with a fall in crude oil prices hurting energy stocks and weaker gold prices and negative company updates dragging down precious metals miners. "The FTSE is held back by oil majors taking a significant 25 points off the...

  • BENGHAZI, Libya, July 25- Libyan Petroleum Facilities Guard commander Ibrahim Jathran said on Monday he was ready to end a blockade at key oil terminals, but the U.N.-backed government still needs to sign an agreement for exports to resume. A deal was thrown into doubt when the head of Libya's National Oil Corporation in Tripoli, Mustafa Sanalla, wrote to the U.N.

  • NEW YORK, July 25- Oil prices fell to 2-1/ 2- month lows on Monday on rising concerns that a global glut of crude and refined products would weigh on markets, delaying a long-anticipated rebalance in the market. Brent crude futures were down 89 cents at $44.80 a barrel by 11:13 a.m. EST, their lowest since May 10. U.S. crude was down 93 cents at $43.26 a barrel, after...

  • LONDON/ NEW YORK, July 25- Foreign exchange trading out of the United Kingdom fell 9 percent in the year to April 2016, a semi-annual survey by the Bank of England showed on Monday, although volumes were slightly higher than shown in an October survey. Separately, a survey by the New York Federal Reserve released at the same time showed daily currency trading volumes...