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  • LONDON, July 31- Copper and most other base metals extended their downtrends on Friday on persistent worries about demand in top consumer China, leaving copper facing its biggest monthly loss since January. Investors remained on edge about demand in top metals consumer China, after an official warned that risks from a slowing economy must not morph into social...

  • The European Union's statistical agency, Eurostat, said Friday that the eurozone's annual inflation rate was at 0.2 percent in July, the same as the previous month. Among the nations that share the euro currency, Greece had the highest level of unemployment, at 25.6 percent. Greece also had the highest level of youth unemployment at 53.2 percent in April, the last...

  • *ArcelorMittal has limited China exposure. BRUSSELS, July 31- ArcelorMittal, the world's largest steelmaker, said it would do better in the second half of the year than the first and kept its 2015 profit targets, despite cutting its global forecast for steel demand. ArcelorMittal, which produces 6 to 7 percent of the world's steel, repeated its 2015 for core profit...

  • PARIS— Google is rejecting an order by the French data privacy agency to remove search results worldwide upon request, saying European law allowing the' right to be forgotten' doesn't apply globally. "The Internet would only be as free as the world's least free place," the company wrote on its Europe policy blog. Europe's highest court ruled in May 2014 that people...

  • BERLIN— Switzerland's central bank is reporting a hefty loss for the second consecutive quarter after its decision to drop a cap on the franc's value against the euro sent the national currency soaring higher. The Swiss National Bank said Friday it lost 20 billion francs in the April-June period, nearly 18 billion francs of that on foreign-currency positions...

  • Iran is keen to recover market share that evaporated under U.S. and European Union sanctions designed to keep its exports at around 1 million bpd, down from 2.5 million bpd in 2011. Under the accord reached in Vienna on July 14, Iran will be subject to longer-term restrictions on its nuclear program in return for the removal of U.S., U.N. and European sanctions.

  • FRANKFURT, Germany— Plane maker Airbus Group SE said Friday its net profit rose 5 percent in the second quarter to 732 million euros despite a one-time charge stemming from the crash of one of its military transport planes in Spain. Airbus CEO Tom Enders said the company was on track to achieve its earnings forecast for the year amid healthy demand for commercial...

  • SAINT-ANDRE, Reunion— A barnacle-encrusted wing part that washed up on a remote Indian Ocean island could help solve one of aviation's greatest mysteries, as investigators work to connect it to the Malaysia Airlines flight that vanished more than a year ago. The surprise discovery of the debris on a rocky beach stirred hopes and emotion among families of the...

  • LONDON- Bank of England holds Monetary Policy Committee meeting. LONDON- Bank of England announces interest rate decision- 1100 GMT. LONDON- Bank of England will release the minutes from its August policy meeting- 1100 GMT.

  • CHICAGO, July 30- U.S. soybean futures rose on Thursday as signs of growing export demand threatened to cut into an already thin supply base, traders said. Corn futures also firmed, with bargain hunters and technical buyers stepping into the market after prices fell to a five-week low. Chicago Board of Trade August soybean futures settled up 7-1/ 4 cents at $9.90-1/ 4...

  • *Google sticks to position ruling only applies in Europe. BRUSSELS, July 30- Google Inc is refusing to bow to an order from the French privacy watchdog to scrub search results worldwide when users invoke their "right to be forgotten" online, it said on Thursday, exposing itself to possible fines. However, it has limited removals to its European websites, such as...

  • PARIS— Global cosmetics leader L'Oreal says its 2015 profit grew 8.5 percent in the first half, driven by improvement among higher-end makeup and perfume lines including Giorgio Armani, Yves Saint Laurent and Kiehl's. The French company said in its first-half earnings report released Thursday that total profit amounted to 1.88 billion euros, up from 1.73...

  • PARIS, July 30- French cosmetics group L'Oreal sees sales growth accelerating in the second half as demand in Western Europe and the United States improves. "We believe that the market will be comforted by the improvement in the two developed regions," UBS said in a note, referring to the United States and Western Europe. But Chief Executive Jean-Paul Agon told Le...

  • WASHINGTON— Commerce Department releases personal income and spending data for June, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for July, 10 a.m.; Commerce Department releases construction spending for June, 10 a.m.. WASHINGTON— Commerce Department releases international trade data for June, 8:30 a.m.; Institute for Supply...

  • *Concerns about China's economy create uncertainty. FRANKFURT, July 30- Results from Europe's big chipmakers show business conditions have deteriorated quickly in previously healthy markets for auto electronics and industrial components, adding to concerns over the industry's traditional drivers- computers and phones. Europe's market leaders...

  • WASHINGTON, July 30- The International Monetary Fund can only approve new loans for Greece after Athens reaches an agreement with European governments that would ensure it can pay its debts, an IMF official said on Thursday. The IMF has teamed up with the European Union and the European Central Bank in recent years to lend Greece money repeatedly to save it from a...

  • July 30- European private equity firm PAI Partners said on Thursday it had agreed to sell Swissport International to China's HNA Group, a deal that will help the Swiss air cargo handler broaden its reach in Asia. HNA Group, the owner of China's Hainan Airlines, will pay 2.7 billion Swiss francs for Zurich- based Swissport. "The acquisition by HNA will enable the...

  • WASHINGTON, July 30- The International Monetary Fund can participate in discussions over the latest financial rescue for Greece but cannot officially join the talks until after the fiscally beleaguered nation has agreed to comprehensive reforms, the Financial Times reported on Thursday. The FT report, citing a confidential summary it obtained of the IMF...

  • LONDON, July 30- Commercial crude stocks across the United States rose by 105 million barrels early this year to peak at 490 million barrels, the highest level in eight decades. Working storage capacity at refineries, tank farms and underground storage facilities in the United States has increased by 85 million barrels, almost 19 percent, since 2011..

  • *Spain grows at fastest pace since before financial crisis. BERLIN, July 30- Confidence in the euro zone economy hit a four-year high in July and the European Central Bank said recovery is picking up, supported by loose monetary policy aimed at countering persistently low inflation. Spain's economy was a case in point, with data on Thursday showing it growing at...