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Wires

  • NEW YORK, June 29- Oil futures edged up less than 1 percent after hitting a two-week high on Thursday, extending a rally into a sixth straight session after a decline in weekly U.S. crude production temporarily alleviated concerns about deepening oversupply. It is unclear, however, whether the bearish sentiment has abated in the oil market, given...

  • *UK government intends to submit deal to in-depth probe. *UK concerned about Murdoch's influence over news agenda. LONDON, June 29- Britain intends to subject Rupert Murdoch's takeover of European pay-TV group Sky to a lengthy in-depth investigation after finding the $15 billion deal risks giving the media mogul too much power over the news agenda.

  • *Central bank bond buying still almost $200 billion/ month. *Almost $15 trillion in bonds gobbled up since start of crisis. That's why Mario Draghi's apparent change of tack on Tuesday had such an impact on every global asset from Wall Street to London and Tokyo- far more than any of the latest Fed utterances.

  • June 29- Drugstore chain Walgreens Boots Alliance Inc scrapped its deal to buy Rite Aid Corp after failing to win antitrust approval, but said it would instead buy nearly half of the smaller rival's U.S. stores for $5.18 billion. Rite Aid's shares plunged 25 percent to $2.93, while Walgreens shares were up slightly at $77.33. They decided to end the deal after the...

  • *India set to roll out new sales tax on July 1. NEW DELHI, June 29- Rakesh Sachdeva sells auto parts in a busy market in central Delhi, just a few miles from Prime Minister Narendra Modi's office. Until now, his rundown premises and small scale operation has kept the business below the radar of India's tax officials.

  • *U.S. economy grew 1.4 pct in Q1 vs prior reading of 1.2 pct. *Tech sector on track to post biggest monthly drop in a year. June 29- Wall Street dipped in late morning trading on Thursday as a selloff in technology stocks outweighed gains in the financial sector.

  • *IndiGo, others, interested in India's state carrier. NEW DELHI, June 29- India's biggest airline, IndiGo, has expressed unsolicited interest in buying a stake in state-owned Air India, the junior aviation minister said on Thursday, a day after the cabinet approved plans to privatise the carrier. IndiGo owner InterGlobe Aviation confirmed late on Thursday that it...

  • *IndiGo, others, interested in India's state carrier. NEW DELHI, June 29- India's biggest airline, IndiGo, has expressed unsolicited interest in buying a stake in state-owned Air India, the junior aviation minister said on Thursday, a day after the cabinet approved plans to privatize the carrier. IndiGo owner InterGlobe Aviation confirmed late on Thursday that it...

  • June 29- Canadian lender Home Capital Group Inc's Chair Brenda Eprile on Thursday told shareholders at the company's annual meeting it had attracted a "top notch" list of candidates for its chief executive role and would make an appointment soon. The company has been searching for a new CEO since March 27 when it terminated the employment of former chief...

  • HARTFORD, Conn.— Aetna is moving its headquarters to New York City after nearly two centuries in Hartford, Connecticut. Aetna CEO and chairman Mark Bertolini said Thursday that New York City is a "knowledge economy hub" and a driver of innovations. Aetna is the nation's third-largest health insurer with a workforce of almost 50,000, including about 6,000 in...

  • *European Commission tries to defuse demographic time bomb. BRUSSELS, June 29- The European Commission on Thursday proposed establishing a pan-European pension product to increase private savings and boost the growth of a European Union industry currently worth about 700 billion euros. As EU states' stretched public finances are struggling to cover...

  • WASHINGTON, June 29- The U.S. Food and Drug Administration plans to reorganize its drug review staff and create a SWAT team to eliminate a backlog of drugs for rare diseases and speed reviews of future applications, it said on Thursday. In 2016 the FDA received 568 new requests for orphan drug designation, more than double the number received in 2012..

  • Blue Apron has many rivals, including HelloFresh and Plated, and there are concerns that competition to deliver groceries to people's doorsteps will only heat up after e-commerce giant Amazon.com Inc. announced plans to buy organic grocer Whole Foods earlier this month. Blue Apron Holdings Inc. raised $300 million, selling 30 million shares at $10 per share,...

  • June 29- As of Friday June 30, Reuters' weekly look at the global economy will be identified by the slug GLOBAL-ECONOMY/OUTLOOK.

  • Debt-ridden Mozambique released on Saturday a forensic audit report into $2 billion worth of loans made to tuna fishing company EMATUM, security firm Proindicus and Mozambique Asset Management. Reacting to the report, the Global Group of Mozambique Bondholders said in an emailed statement it was "evident that there is no basis-- in either Mozambican or...

  • WASHINGTON, June 29- President Donald Trump's temporary ban on people from six predominantly Muslim countries and all refugees entering the United States is finally scheduled to take effect later on Thursday, but in a scaled-back form that still allows in some travelers. The rollout of the controversial measure follows a U.S. Supreme Court decision this week...

  • BUENOS AIRES, June 29- Argentina's transportation ministry authorized low-cost airline FB Lineas Aereas, known commercially as Flybondi, to operate domestic and international flights, according to a notice published Thursday in the country's official gazette. With the resolution, all five airlines that received a preliminary go-ahead in February from...

  • Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic ties with Qatar on June 5 and imposed economic sanctions, accusing it of funding terrorism, a claim Qatar rejects. Many multinational businesses, from builders to law firms and banks, have a base in Dubai from where they serve the region, including Qatar. "Qatar is a valuable market for us and we...

  • FRANKFURT, Germany— Sharp moves in bond and foreign exchange markets have underlined the challenge that Europe's top central bankers face as they prepare investors for the day when they will start to phase out policies that have supported the economy through financial crises and political uncertainty. European Central Bank head Mario Draghi's statements...

  • BERLIN, June 29- German Chancellor Angela Merkel, a fierce defender of the country's powerful auto industry, appeared to accept the days of the combustion engine may be numbered, as she hit out at carmakers accused of cheating diesel emissions tests. Sales of diesel cars have been falling since the VW scandal, but have dropped faster since cities, including...