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  • LONDON, July 25- Strength among commodity firms and banking stocks as well as a string of solid updates boosted European shares in early deals on Tuesday. Germany's DAX rose 0.1 percent, and the commodity-heavy FTSE 100 was up 0.5 percent. Updates also weighed on paper maker UPM, chemicals firm Croda International, chocolate-maker Lindt& Spruengli and Domino's...

  • COLOMBO, July 25- Sri Lanka's cabinet approved a revised port deal with China Merchant Port Holdings on Tuesday, cabinet spokesman Dayasiri Jayasekera told Reuters, after terms of the first agreement sparked widespread public anger. "The cabinet approved the deal and now it needs parliament approval. We will send it for parliamentary approval this week, "...

  • CANTON, Miss.— A bid by workers at Mississippi's Nissan Motor Co. plant for United Auto Workers representation could turn on a key voting bloc— 1,500 workers who are Nissan employees today, but were initially hired through contract labor agencies. Those workers say they make less than longtime Nissan employees and have worse benefits, and UAW supporters say...

  • ZURICH, July 25- Logitech International raised its profit outlook for the year after strong sales of its gaming and video collaboration products helped the computer peripheral maker beat forecasts in its first quarter. The Swiss-U.S. company said it now expects operating income of $260 million to $270 million, up from its previous view of $250- 260 million.

  • PARIS, July 25- Uber and insurance group AXA on Tuesday announced a partnership to offer accident cover for drivers who work for the ride hailing service in France. In France, as in other countries, Uber has come in for criticism from lawmakers, workers' rights activists and traditional taxi drivers it competes with, for offering a cheap service by using...

  • *Adjusted EBIT NOK 2.9 bln vs forecast NOK 3.0 bln. OSLO, July 25- Aluminum producer Norsk Hydro met forecasts with a jump in second-quarter underlying profit on Tuesday and said sanctions imposed on Qatar had had a limited effect on its activities there. Norsk Hydro and Qatar Petroleum co-own the Qatalum smelter where shipments were disrupted last month as a...

  • PARIS, July 25- TechnipFMC's shares fell on the Paris stock market on Tuesday after the oil services group said it needed to restate some of its earlier results due to errors in its accounts. TechnipFMC's main stock market listing is in New York, but it has a secondary listing in Paris. Those Paris- listed shares were down by 4 percent in early session trading.

  • *OPEC to tackle weak adherence of some members on output curbs. TOKYO, July 25- Oil prices extended gains on Tuesday after Saudi Arabia pledged to curb exports from next month and OPEC called on several members to boost compliance with output cuts to help rein in oversupply and tackle flagging prices. In a meeting in St. Petersburg on Monday, the Organization of the...

  • SHANGHAI, July 25- China's major stock indexes retreated on Tuesday, led lower by resource firms after their recent strong rally, even as a fresh pledge by Beijing to prevent' systemic' financial risks reignited fears of tighter regulations. China's Politburo, the Communist Party's top decision-making body, said Beijing will implement a "proactive" fiscal...

  • AMSTERDAM, July 25- Netherlands- based drinks bottler Refresco said on Tuesday it had agreed to buy the bottling activities of Canada- based Cott Corp for $1.25 billion, a move that will increase its capacity in the United States. The deal comes three months after Refresco rejected a $1.5 billion takeover offer from French private equity investor PAI Partners,...

  • SINGAPORE, July 25- Royal Dutch Shell and SoftBank are among several global groups considering bidding for Equis Energy, Asia's largest independent renewable energy producer valued at up to $5 billion, sources familiar with the matter said. Equis owns a portfolio of 97 projects comprising solar, wind and hydro generation assets spread across countries...

  • SAN FRANCISCO, July 25- Convoy, an app connecting truck drivers with loads of freight, has raised more than $60 million as startup investors double down on technology bets to transform the long-haul trucking industry. The funding round was led by Y Combinator, a technology startup accelerator based in Silicon Valley, Convoy Chief Executive Officer Dan Lewis...

  • TOKYO, July 25- Japan's Mizuho Financial Group said it would set up a subsidiary in Frankfurt, the latest Japanese bank to choose the German city as its new base in the European Union as Britain prepares to leave the bloc, termed Brexit. Mizuho's peers Nomura, Daiwa Securities and Sumitomo Mitsui Financial Group have also said they are planning to set up new units...

  • The lender, which reported a 7 percent rise in mortgage balances, said Britain's housing market is expected to remain "resilient," but warned in the near term warned that there may be some "areas of weakness to be navigated." Britain's housing market has come under pressure in recent months. "Although the UK economy has remained resilient during the first half of the...

  • TOKYO— Asian share benchmarks sagged Tuesday as investors awaited a slew of corporate earnings reports. KEEPING SCORE: Japan's Nikkei 225 index slipped 0.1 percent to 19,955.20 and Hong Kong's Hang Seng fell 0.1 percent to 26,825.91. India's Sensex lost 0.1 percent to Shares in Southeast Asia were mixed.

  • *Employee benefits business to stay difficult in Brazil in H2. PARIS, July 25- French prepaid meal voucher and card provider group Edenred predicted on Tuesday a rise in full year 2017 operating profit, after strong first-half growth in Europe and in spite of tough conditions in Brazil. In Latin America, which makes 43 percent of its business, strong growth was...

  • *Spot gold may test support at $1,250/ oz- Technicals. BENGALURU, July 25- Gold prices edged higher on Tuesday, after hitting a one-month high in the previous session, buoyed by political uncertainty in the United States, as investors awaited the Federal Reserve meeting for clues on monetary policy. "While no rate hike is expected, the market is likely to remain...

  • TOKYO, July 25- Japan's Nikkei share average edged down on Tuesday in choppy trade as investors braced for the outcome of the U.S. Federal Reserve's policy meeting which begins later in the day. Japanese Prime Minister Shinzo Abe's flagging support ratings also continued to cap equities, although this was a factor that will likely take months to play out, Akino...

  • *Asia ex- Japan marginally up, Nikkei pulls back. SINGAPORE, July 25- The dollar surrendered short-lived gains on Tuesday as concerns about the U.S. economy and politics returned to the fore ahead of a Federal Reserve meeting, while a lack of catalysts kept Asian stocks subdued. European stocks look set for a stronger open, with financial spreadbetter CMC Markets...

  • SINGAPORE, July 25- Singapore Airlines Ltd's budget arm Scoot on Tuesday said it would take over two routes from sister carrier SilkAir as the parent company conducts a wide-ranging strategic review designed to cut its cost base. SilkAir, SIA's premium narrowbody arm, said it would transfer to Scoot its services from Singapore to Kuching, Malaysia and from the...