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  • SYDNEY— A Sydney lawyer has announced a class action lawsuit against Toyota, Honda and Mazda seeking refunds for cars fitted with faulty air bags from Takata linked to 18 deaths around the world. Lawyer Damian Scattini said Tuesday the Federal Court action seeks refunds based on an Australian consumer law that entitles consumers to refunds if a product has a...

  • AMSTERDAM, July 25- Netherlands- based drinks bottler Refresco has agreed to buy the bottling activities of Canada- based Cott Corp for $1.25 billion, giving a big boost to its business in the United States, the world's largest soft drinks market. Cott will add 29 production sites to Refresco's network, with 19 in the United States, four in Canada, one in Mexico and...

  • *FTSE 100 up 0.7 pct. LONDON, July 25- Strong results and buoyant basic resource stocks boosted Britain's blue-chip index on Tuesday, as small-cap luxury shoemaker Jimmy Choo soared 17 percent after an agreed bid by U.S. retailer Michael Kors. Britain's FTSE 100 jumped 0.7 percent, erasing the previous session's losses as results from Informa and Segro impressed.

  • TOKYO, July 25- Mitsubishi Motors Corp on Tuesday posted a four-fold jump in its operating profit for the first quarter, as the Japanese automaker clawed back from a slump in domestic sales a year ago when it admitted to a mileage-cheating scandal. Operating profit at Japan's No.7 automaker came in at 20.6 billion yen for the April-June quarter, higher than an...

  • COLOMBO, July 25- Sri Lanka's cabinet cleared a revised agreement for its Chinese-built southern port of Hambantota on Tuesday, the government said, after terms of the first pact sparked widespread public anger in the island nation. But according to parts of the document seen by Reuters, two companies are being set up to split the operations of the port and allay...

  • HONG KONG, July 25- Hong Kong shares finished flat on Tuesday as gains in technology shares were outweighed by declines concentrated in energy and industrials stocks, which buckled under profit-taking pressure. The Hang Seng China Enterprises Index, that tracks the performance of China companies listed in Hong Kong, was down 0.35 percent at 10,782.74.

  • BERLIN, July 25- German business confidence unexpectedly rose in July, a survey showed on Tuesday, hitting the third record high in as many months as Europe's largest economy powered ahead and morale lifted across industry. "Companies' satisfaction with their current business situation reached its highest level since Germany's reunification.

  • BERLIN— A survey shows that business confidence in Germany has risen to another record high as managers' view of both their outlook and their current situation brightens. The Ifo institute said Tuesday that its monthly confidence index was up to 116.0 points for July from 115.2 in June, the previous record. Germany's economy, the largest in the 19- country...

  • LONDON, July 25- Sterling steadied just above $1.30 on Tuesday, unable to break out against a broadly weaker dollar as worries over Brexit and the pace of UK economic growth swirl. "Overall the Cable rate has struggled to sustain rallies above $1.3000, weighed down by recent softer UK inflation readings and ongoing worry over the outlook," said LMAX Exchange...

  • LONDON, July 25- Sterling steadied just above $1.30 on Tuesday, unable to break out against a broadly weaker dollar as worries over Brexit and the pace of UK economic growth swirl. "Overall the Cable rate has struggled to sustain rallies above $1.3000, weighed down by recent softer UK inflation readings and ongoing worry over the outlook," said LMAX Exchange...

  • Jerry Brown is set to sign legislation Tuesday keeping alive California's signature initiative to fight global warming, which puts a cap and a price on climate-changing emissions. The program has become closely watched around the world, promoted by Schwarzenegger and Brown alike a successful way to reduce emissions that hasn't taken the steam out of...

  • LONDON, July 25- Greece's government borrowing costs held near their lowest level since 2010 on Tuesday as the country sought to end a three-year exile from financial markets. Greece will later on Tuesday sell a new five-year bond and conclude an offer to switch or tender old bonds maturing in 2019. Thomson Reuters' IFR reported on Tuesday it is aiming to sell the...

  • COLOMBO, July 25- Sri Lanka's cabinet cleared a revised agreement for its Chinese-built southern port of Hambantota on Tuesday, a spokesman said, after terms of the first pact sparked widespread public anger in the island nation. Under the revised pact, two companies are being set up to split the operations of the port and allay concerns, in India mainly but also in...

  • *Police raided warehouse near Jakarta last week. Police raided IBU's warehouse near Jakarta on Thursday, confiscating more than 1,000 tonnes of rice and alleging the company had bought lower quality subsidised grain that was then labelled as premium rice when sold. "Our focus is now on distribution channels," he said, referring to the raid on the IBU warehouse...

  • *Outlook improving for euro zone, China economies. Undermining the case for a Fed rate increase in coming months, the dollar has been hit by weak U.S. data that has contrasted with an improving economic outlook in Europe and China. "I don't think this is a dollar-negative story so much as a relatively optimistic story for the other parts of the world and that...

  • 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...