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  • LONDON/ MILAN, July 28 (Reuters)- European shares fell on Thursday with Lloyds leading a weaker financial sector lower and disappointing earning updates from firms including oil major Royal Dutch Shell also weighing. Lloyds fell 5.8 percent after the British bank warned of a likely drop in demand caused by Britain's vote last month to quit the European Union,...

  • *Goldman says believes in $40- $45 range through mid-2017. U.S. Gulf Coast gasoline stocks hit record highs last week for a July month, while East Coast inventories reached all-time peaks, government data showed on Wednesday. U.S. crude's West Texas Intermediate futures fell 63 cents, or 1.5 percent, to $41.29 a barrel by 11:48 a.m. EDT.

  • *Moody's has Turkey on review for possible downgrade. ISTANBUL, July 28- A crackdown in Turkey after a failed coup could further weaken its institutions and threaten its investment grade status, investors fear, as dismissals and detentions stretch from the judiciary into the private sector and even the central bank. Turkey has suspended, detained or put under...

  • LONDON, July 28- Sterling fell to a two-week low against the euro on Thursday, 3,000 job cuts at British bank Lloyds adding to signs of a worsening economic outlook as investors bet the Bank of England will cut interest rates next week. Since the 14 percent fall in the pound in the hours after the vote to leave the European Union on June 23, sterling has proved more...

  • The company's shares rose as much as 27.8 percent to $39.29 in morning trading on Thursday and were the biggest gainer on the New York Stock Exchange on Thursday. The company's revenue rose to $120.2 million from $88 million in the quarter, topping analysts average estimate of $114.2 million, according to Thomson Reuters I/B/E/S. Net income attributable to...

  • The U.S. Department of Health and Human Services said on Thursday it would provide $30 million in the first year and up to $250 million during the five-year project. Britain's AMR Centre, a public-private initiative, will contribute $14 million initially and up to $100 million over five years, while the London- based Wellcome Trust will supply further...

  • *Goldman says believes in $40- $45 range through mid-2017. U.S. Gulf Coast gasoline stocks hit record highs last week for a July month, while East Coast inventories reached all-time peaks, government data showed on Wednesday. U.S. crude's West Texas Intermediate futures fell 52 cents, or 1.3 percent, to $41.40 a barrel by 11:19 a.m. EDT.

  • LONDON _ Astrazeneca PLC on Thursday reported a second-quarter loss of $3 million, after reporting a profit in the same period a year earlier. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share. Astrazeneca shares have dropped 2 percent since the beginning of the year.

  • LONDON _ Global Ship Lease Inc. on Thursday reported second-quarter profit of $6.8 million. The London- based company said it had net income of 13 cents per share. Keywords: Global Ship Lease, Earnings Report.

  • SAO PAULO, July 28- Banco Bradesco SA's shares fell on Thursday after Brazil's No. 3 listed bank said it expected to boost loan-loss provisions more than had been forecast this year, a sign that a deep recession and a deluge of refinancing requests are pummeling the financial industry. Earlier in the day, Osasco, Brazil- based Bradesco raised guidance for loan-loss...

  • LONDON, July 28- Oil prices steadied just above three-month lows on Thursday as producers continued to pump more than needed, filling inventories, and economic growth prospects darkened. Brent crude oil was down 35 cents at $43.12 a barrel by 1335 GMT, after touching $42.88, its lowest since April 20. "U.S. commercial stocks are a good reflection of the oversupplied...

  • LONDON, July 28- Royal Dutch Shell missed quarterly profit expectations by more than $1 billion on Thursday after reporting a 72 percent plunge in earnings due to weak oil prices and high costs following its $54 billion takeover of BG Group. Shell's second-quarter current cost of supplies- its definition of net income- was $1 billion, much lower than the $2.1...

  • LONDON, July 28- Stocks down, prices up. And although the price of London aluminium has risen 8.6 percent so far this year to a current $1,600 per tonne, no-one is getting too excited. And something similar is happening in the Shanghai aluminium market, where stocks have fallen even more sharply and the price has outperformed London with a year-to-date gain of over...

  • LONDON, July 28- Stocks down, prices up. And although the price of London aluminum has risen 8.6 percent so far this year to a current $1,600 per tonne, no-one is getting too excited. And something similar is happening in the Shanghai aluminum market, where stocks have fallen even more sharply and the price has outperformed London with a year-to-date gain of over 15...

  • *But forecasts worsen for Oman and Bahrain. DUBAI, July 28- Economists have cut growth forecasts for most of the rich oil exporting countries of the Gulf as non-oil business activity slows because of government austerity measures, a quarterly Reuters poll found. Median forecasts for gross domestic product growth this year have been cut for four of the six GCC...

  • LONDON, July 28- Oil prices steadied just above three-month lows on Thursday as producers continued to pump more than needed, filling inventories, and economic growth prospects darkened. Brent crude oil was unchanged at $43.47 a barrel by 1215 GMT, after touching $42.88, its lowest since April 20. "U.S. commercial stocks are a good reflection of the oversupplied...

  • MANCHESTER, United Kingdom _ Pentair PLC on Thursday reported second-quarter profit of $142.8 million. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share. Seven analysts surveyed by Zacks expected $1.72 billion.

  • LONDON, July 28- Shockwaves from Britain's vote to leave the European Union rocked the economy on Thursday, with thousands of jobs lost at one of the country's biggest banks, consumer confidence plunging, and construction and car sales slowing. Preparing for a Brexit-related slowdown, Lloyds Banking Group said it would cut a further 3,000 jobs and one of...

  • LONDON, July 28- The dollar fell against the yen on Thursday as expectations faded that the Bank of Japan would deliver the radical stimulus package some had expected this week, and after the U.S. The dollar fell 0.7 percent to 104.72 yen. "There are wide expectations for some action from the BOJ tomorrow, but there's huge variance around those expectations," said...

  • PARIS— French energy company EDF is due to decide Thursday whether to go ahead with a major nuclear power plant project in southwest England that some consider too costly, including one board member who announced his resignation. Environmental activists oppose the project at a time when some countries, like Germany, are moving away from nuclear energy.