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  • *Takeovers of UK firms valued at $34.5 bln since June 23. LONDON, July 24- Overseas buyers lured by a plunge in the pound are looking to snare British companies on the cheap, ensuring a steady flow of deals since Britain voted to leave the European Union and defying expectations of an M&A drought. The SoftBank deal was hailed by the government as a sign of UK economic...

  • *Takeovers of UK firms valued at $34.5 bln since June 23. LONDON, July 24- Overseas buyers lured by a plunge in the pound are looking to snare British companies on the cheap, ensuring a steady flow of deals since Britain voted to leave the European Union and defying expectations of an M&A drought. The SoftBank deal was hailed by the government as a sign of UK economic...

  • *Takeovers of UK firms valued at $34.5 bln since June 23. LONDON, July 24- Overseas buyers lured by a plunge in the pound are looking to snare British companies on the cheap, ensuring a steady flow of deals since Britain voted to leave the European Union and defying expectations of an M&A drought. The SoftBank deal was hailed by the government as a sign of UK economic...

  • CHENGDU, China, July 24- U.S. Treasury Secretary Jack Lew said he told a meeting of policymakers from the Group of 20 economies that the United States's economy was strong and its job market was healthy. The United States could look at fiscal policy from a position of strength as the country's deficit had fallen, he told a news conference after a two-day meeting of...

  • The foreign ministers of the 10 countries that make up the Association of Southeast Asian Nations deliberated for several hours during the three sessions, including over lunch, but remained deadlocked because Cambodia didn't want China criticized, diplomats said. "It's really a loyalist of the big country C," a diplomat who attended closed-door meetings told...

  • CHENGDU, China, July 24- The United States and China discussed the importance of working together to negotiate new international guidelines governing the provision of export credits and on addressing global excess industrial capacity, U.S. Lew made the comments during a meeting with Chinese Minister of Finance Lou Jiwei on the sidelines of a G20 meeting of...

  • CHENGDU, China, July 24- British finance minister Philip Hammond said on Sunday that uncertainty about how the country will leave the European Union could be eased later this year once the negotiating positions of both sides become clearer. "What will start to reduce uncertainty is when we are able to set out more clearly the kind of arrangement we envisage going...

  • CHENGDU, China July 24- There are no signs yet that economic development in Europe has been affected by Britain's decision to leave the European Union, but risks from Brexit could impact German growth down the line, Bundesbank President Jens Weidmann said on Sunday.

  • CHENGDU, China, July 24- China's finance minister Lou Jiwei warned on Sunday that the government cannot easily step in to solve debt problems, but that China does not have systemic regional debt risks despite a few corporate defaults. Lou was speaking at the conclusion of the G20 meeting of finance ministers and central bankers in the southwestern Chinese city...

  • CHENGDU, China, July 24- Policymakers from the Group of 20 economies said on Sunday they recognise that excess capacity in steel and other industries is a global issue that has had a negative impact on trade and workers and which requires a collective response. In a joint communique issued at the two-day conference of G20 central bankers and finance ministers in...

  • BEIJING— Global finance officials promised Sunday to protect the world economy from the shockwaves of Britain's European Union referendum and to boost sluggish growth. The gathering of finance ministers and central bank governors from the United States, China, Britain, Germany and other governments took place against a backdrop of a weak global recovery...

  • BEIJING— An official news agency says China has unveiled the world's largest amphibious aircraft that Beijing plans to use for marine missions and fighting forest fires. The Xinhua News Agency said the AG600 rolled off a production line in Zhuhai in southern China on Saturday. Last week, a Cessna 208 B seaplane making its inaugural flight in China crashed into a...

  • CHENGDU, China, July 24- Members of the Group of 20 major economies have prepared actively to cope with the potential economic and financial impact of the Brexit decision but hope Britain and the European Union can actively form a close partnership, according to a statement from China.

  • CHENGDU, China, July 24- Europe's banking system is stronger as a whole due to reforms put in place in recent years but banks should continue to clean up balance sheets and address legacy quality issues, U.S. Treasury Secretary Jack Lew said on Sunday. Lew made the comments in a meeting with Italian Economy Minister Pier Carlo Padoan on the sidelines of a G20 meeting...

  • CHENGDU, China, July 24- The world's leading economies have discussed how to take advantage of their lower debt costs to spend more on investment as a way to boost weak economic growth, the head of the Organisation for Economic Co-operation and Development said. "Already lower interest rates create more fiscal space," OECD Secretary General Angel Gurria told...

  • CHENGDU, China, July 24- Downward pressure on the Chinese economy remains fairly large but it should be able to expand more than 6.5 percent this year, Bai Chongen, a policy adviser to the central bank and professor at Tsinghua University, told Reuters on Sunday. China's policymakers have already done a lot on the monetary policy front, Bai said, adding he agreed with...

  • SAN DIEGO, Calif., July 23- Amid fog and lasers on Saturday, Marvel gave frenzied fans at Comic-Con their first look at a new Black Panther movie cast, the mysterious Doctor Strange, a Spider-Man teen movie and an Oscar-winning actress as the new Captain Marvel. The 6,500- plus audience, many of whom had queued overnight at San Diego's annual film and pop culture event,...

  • CHENGDU, China, July 24- Leaders from the world's biggest economies are poised on Sunday to renew their commitments to support global growth and better coordinate actions in the face of uncertainty over Britain's decision to leave the European Union and growing protectionism. The meeting of finance ministers and central bankers from the Group of 20 major...

  • July 23- Tesla Motors Inc and SolarCity Corp have made progress in putting together a deal that will merge the electric car maker and the solar panel installer, people familiar with the matter said. The two companies, which count billionaire Elon Musk as a major shareholder, are in the final stages of carrying out due diligence on each other, and could agree on the...

  • HONG KONG, July 24- High-end lingerie sales are outpacing China's generally downbeat luxury market, and heating up competition between international brands and local rivals looking to go upmarket. U.S. brand Victoria's Secret will open its first store, and companies including Italy's ultra-luxury La Perla and Germany's Triumph are adding stores and moving...