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  • LONDON, July 25- Britain's June 23 referendum decision to leave the European Union has had far-reaching consequences for the world's economy, businesses, investors and politics. A new referendum should remain an option depending on the shape of Britain's future ties with the EU and how well they worked for Scotland, she said. IMPORTANT DATES AHEAD:- Aug. 4: Bank of...

  • July 25- E* Trade Financial Corp said on Monday it would buy the parent of online brokerage OptionsHouse for $725 million in cash. E* Trade, which operates a discount broker-dealer and a bank, said it intends to help finance the deal by issuing up to $400 million of preferred stock. The deal for Aperture New Holdings Inc is expected to close in the fourth quarter, the...

  • SHANGHAI/ TOKYO, July 25- China dodged criticism of its economic management at a G20 meeting it hosted on the weekend, even winning plaudits for yuan transparency, much to the frustration of Japanese officials who are calling for more reforms from Beijing. "We have been very polite with China," said a European official at the meeting in the southwestern Chinese city...

  • LONDON, July 25- Hedge funds have been liquidating their former record bullish position in crude futures and options putting downward pressure on oil prices in recent weeks. Hedge funds and other money managers cut their net long position in Brent and WTI futures and options by 31 million barrels to 453 million in the week ending on July 19.

  • But China and India appear to have crashed that party. And here the main culprits are China and India, both of which have significantly ramped up exports of gasoline in the first six months of 2016.. China exported 4.449 million tonnes, or about 207,800 barrels per day, of gasoline in the first half, a 75 percent increase on the same period last year, according to...

  • LONDON, July 25- Oil prices fell on Monday, holding near two-month lows amid worries that a global glut of crude and refined products would weigh on markets for some time. Brent crude futures were trading at $45.34 a barrel at 1149 GMT, down 35 cents from their previous close, while U.S. crude was down 37 cents at $43.82 a barrel. Demand support from developed economies...

  • July 25- Verizon Communications Inc said Monday it would buy Yahoo Inc's core internet properties for $4.83 billion in cash to expand its digital advertising and media business, in a deal that ends a lengthy sale process for the fading Web pioneer. The Alibaba and Yahoo Japan investments are worth about $40 billion, while Yahoo had a market value of about $37.4...

  • July 25- Sprint Corp, the No.4 U.S. wireless carrier, reported a bigger quarterly loss as the company provided heavy discounts to attract customers. The company's net loss widened to $302 million, or 8 cents per share, in the first quarter ended June 30, from $20 million, or 1 cent per share, a year earlier. Net operating revenue of Sprint, majority owned by Japan's...

  • July 25- SunEdison Inc's unit TerraForm Power Inc said it had adopted a shareholders rights plan to prevent any sale of a significant number of Class A shares in the company. TerraForm Power shares rose 6.7 percent to $13.34 in light premarket trading on Monday. TerraForm Power had 80 million Class A shares and 60.4 million Class B shares outstanding as of Oct. 31,...

  • SINGAPORE/ PARIS, July 25- Chicago wheat prices rose on Monday on growing concern that the size of the crop in the European Union, the world's largest exporter of the cereal, could be lower than expected, pulling up corn in their wake. The Chicago Board of Trade most-active wheat contract was 1.7 percent higher at $4.32-1/ 2 a bushel by 1031 GMT, after falling in the...

  • *Dollar rises against yen, near high vs euro. *Little movement on German Ifo sentiment survey. LONDON, July 25- The dollar held within sight of recent highs against the euro and yen on Monday ahead of meetings of U.S.

  • SAN FRANCISCO, July 25- Texas- based StackPath has raised $150 million in fresh funding from private equity firm ABRY Partners, the CEO of the cyber security startup said on Monday, in what is among the largest single financing rounds for a private cyber security firm. Chief Executive Officer Lance Crosby told Reuters StackPath is a security platform that houses...

  • *European shares up 0.5 percent; Wall Street seen flat. LONDON, July 25- World shares held near nine-month highs on Monday after G20 finance chiefs said over the weekend they would use "all policy tools" to lift global growth. Wall Street was expected to start the week flat too, with last week's record highs for the S&P 500 and Dow Jones likely to keep traders, still in the...

  • *Demise of BHS "the unacceptable face of capitalism". LONDON, July 25- Retail tycoon Philip Green's greed and disregard for corporate governance led to the demise of BHS and cost 11,000 jobs, a report by British lawmakers said, calling the collapse of the stores group "the unacceptable face of capitalism". Billionaire Green, 64, owned BHS for 15 years before he sold the...

  • NEW YORK, July 25- A quarter of rich U.S. investors are so concerned that the U.S. presidential race will hurt share prices that they are considering pulling out of the stock market entirely, according to a survey by UBS AG Wealth Management Americas. Republican candidate Donald Trump has promised to dismantle financial reform laws, force Canada and Mexico to...

  • *Even with recent data pointing to the U.S. economy being on strong footing, global uncertainty sparked by Britain's vote to leave the European Union has left the Fed jittery over the impact of a hike. *Low expectations of rate hikes, robust economic data and higher-than-expected second-quarter earnings set Wall Street on a record-setting streak in the past two...

  • *Deal valued at approximately $4.83 billion. *Goldman, Sachs& Co., J.P. Morgan Securities LLC and PJT Partners are acting as financial advisors to Yahoo board and its strategic review committee. *Liontree Advisors, LLC, Allen& Company LLC, Bank Of America Merrill Lynch, Guggenheim Securities, LLC acting as financial advisors to Verizon.

  • BRUSSELS/ BERLIN, July 25- Europe's Commissioner for Justice is working with EU consumer groups to pressure Volkswagen to compensate clients in Europe as it has in the United States over the diesel emissions scandal. The German carmaker has pledged up to $15.3 billion to compensate 475,000 owners of VW diesel-powered cars, but has so far rejected such calls for...

  • July 25- Verizon Communications Inc said it had agreed to buy Yahoo Inc's core internet business for $4.83 billion in cash, ending a lengthy sale process for the fading Web pioneer. "The sale of our operating business, which effectively separates our Asian asset equity stakes, is an important step in our plan to unlock shareholder value for Yahoo," Yahoo Chief...

  • Nickel and zinc touch new peaks as speculators pile in.