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  • LONDON, July 29- Major currencies that are closely linked to commodities prices were back on the defensive on Wednesday as oil prices fell again and traders awaited the outcome later in the day of a U.S. But even with a more encouraging tone on China's stock markets limiting the damage, the Canadian and Australian dollar were both down by 0.2-0.3 percent in...

  • Says to restart Goa mines after monsoons. MUMBAI, July 29- India's Vedanta Ltd said on Wednesday its quarterly profit more than doubled from a year-ago comparison weighed down by a one-time charge, and that it was on track to restart mining in key producing state Goa after monsoons. "We continue to focus on improving efficiency, costs, and enhancing production...

  • *Margins slide in first full quarter after Novartis deal. LONDON, July 29- A further slide in sales of lung drug Advair and lower profit margins following a business overhaul hit GlaxoSmithKline in the second quarter, although core earnings per share fell by a less than expected 9 percent. The drugmaker recently sold its marketed cancer drugs to Novartis and...

  • BASILDON ESSEX, Britain _ CNH Industrial NV on Wednesday reported second-quarter profit of $124 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share. Three analysts surveyed by Zacks expected $7.52 billion.

  • PARIS, July 29- French oil company Total posted higher than expected second-quarter profit on Wednesday, helped by increased refining margins in Europe and accelerated cost cuts to adjust to a low oil price environment. Europe's second biggest oil company reported adjusted net profit of $3.085 billion, beating analyst expectations of $2.61 billion and only...

  • LONDON, July 29- Goldman Sachs and Morgan Stanley are offering the fattest bonuses to their London analysts, but if it's a high base salary you're after then head to Deutsche Bank, according to a survey on Wednesday. Meanwhile, Deutsche Bank paid the largest average salary excluding bonus, at 56,000 pounds. Credit Suisse is close behind with 70,000 pounds, while JP...

  • LONDON, July 29- Major currencies that are closely linked to commodities prices were back on the defensive on Wednesday as oil prices inched lower and traders awaited the outcome of a U.S. The New Zealand dollar was again the exception to that rule, gaining after the country's central bank governor played down the chances of further deep cuts to interest rates...

  • LONDON— Barclays, Britain's second largest bank, said Tuesday that second quarter profit increased sevenfold, boosted by earnings from investment banking and a 496 million pound gain on assets acquired from Lehman Brothers in 2008.. While Barclays is performing well, "there is more that can be done to deliver better returns for shareholders, faster," McFarlane...

  • LONDON, July 29- Chilean miner Antofagasta cut is annual copper output forecast for the second time this year on Wednesday due to a delay in the start-up of its Antucoya project, as it posted a double-digit-percentage decline in half-year copper production. The London- listed miner, which has been hurt by a steep fall in prices, declining ore grades, unfavourable...

  • LONDON, July 29- Chilean miner Antofagasta cut is annual copper output forecast on Wednesday due to a delay in the start up of its Antucoya project, as it posted a double-digit percentage decline in its half-year copper production. The London- listed miner, which has been hurt by a steep fall in prices, declining ore grades, unfavourable weather and environmental...

  • LONDON _ Willis Group Holdings Ltd. on Tuesday reported second-quarter net income of $70 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share. Six analysts surveyed by Zacks expected $970.8 million.

  • NEW YORK, July 28- Oil prices steadied on Tuesday, with Brent recovering from near six-month lows and U.S. crude settling more than 1 percent higher as bets for a drop in U.S. stockpiles offset concern over a global oil supply glut and China's stock market meltdown. "We're getting a bounce of sorts but I'll be selling into any strength I see," said Tariq Zahir, an oil bear...

  • CAPE CANAVERAL, Fla., July 28- Federal investigators cited inadequate training of test pilots by a Northrup Grumman Corp subsidiary on Tuesday as a leading factor behind last year's fatal crash of an experimental Virgin Galactic passenger spaceship over the Mojave Desert. The premature unlocking of the hinged tail section on Virgin Galactic's SpaceShipTwo...

  • NEW YORK, July 28- Oil prices steadied on Tuesday, recovering from near six-month lows, with U.S. crude rising more than 1 percent as bets for a drop in U.S. crude stockpiles offset worries about a global supply glut and equity market meltdown in China. "We're getting a bounce of sorts but I'll be selling into any strength I see," said Tariq Zahir, an oil bear at Tyche...

  • *Zurich spokesman says RSA would complement business. *RSA says has received no proposal from Zurich. *Zurich shares down 1.8 pct, RSA up 18 pct.

  • LONDON, July 28- While local Chinese fret over the bursting of the Shanghai stock bubble, global investors are more worried about the yuan currency which once seemed destined to rise inexorably. A decade after China released the yuan from its peg to the dollar, ever more international money managers no longer regard the currency as a one-way appreciation bet...

  • WASHINGTON, July 28- U.S. homeownership dropped to a 35- year low in the second quarter as more Americans opted to rent, but the decline in ownership was probably close to running its course against the backdrop of a tightening labor market. The seasonally adjusted home ownership rate fell to 63.5 percent, the Commerce Department said on Tuesday.

  • July 28- Honeywell International Inc has made its largest purchase in more than a decade, agreeing to buy the utility consumption metering business of Britain's Melrose Industries Plc for about $5.1 billion. The move, announced on Tuesday, is the first major deal for Honeywell, the U.S. diversified industrial manufacturer, since it laid out a five-year plan in...

  • CAPE CANAVERAL, Fla., July 28- Test pilots at the helm of a Virgin Galactic passenger spaceship that crashed last year were unaware of the catastrophic consequences of unlocking the craft's moveable tail section too early because of poor training, investigators probing the fatal accident said on Tuesday. The premature unlocking of SpaceShipTwo's hinged tail...

  • NEW YORK, July 28- Oil turned higher on Tuesday, recovering from near six-month lows, as bets for a drop in U.S. crude stockpiles offset worries about a global supply glut and equity market meltdown in China. "We're getting a bounce of sorts but I'll be selling into any strength I see," said Tariq Zahir, an oil bear at Tyche Capital Advisors in Laurel Holllow, New York.