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  • July 24- HDFC Bank, India's second-biggest lender by assets, reported a slightly smaller-than-expected 20 percent rise in quarterly net profit, hurt by higher provisions for bad loans. HDFC Bank's provisions, including for bad loans, surged nearly 80 percent to 15.59 billion rupees in the first quarter ended June 30, India's most-valuable bank said on Monday.

  • The mood was also aided by views that China may maintain high levels of fiscal spending to avoid the risk of a sharp economic slowdown in the second half. China published draft rules late on Friday to promote the development of public-private partnerships in infrastructure investments, while the Shanghai Stock Exchange announced it would support the...

  • State-run Korea Electric Power Corp is building the first of four nuclear plants in the United Arab Emirates in an $18.6 billion deal, and is scouting for more business in Britain and other countries. But that comes as South Korea, Asia' fourth-largest economy, has been looking to steer its domestic energy policy away from its current heavy dependence on coal and...

  • WASHINGTON— The Senate will move forward with a key vote this week on a Republican health bill but it's not yet known whether the legislation will seek to replace President Barack Obama's health care law or simply repeal it. John Thune of South Dakota, the third-ranking Republican, said Senate Majority Leader Mitch McConnell will make a decision soon on which...

  • TOKYO, July 24- Japanese stocks dropped to more than two-week lows on Monday after Wall Street retreated and a. "Investors were seen buying back small stocks on the dips," said Chihiro Ohta, general manager of investment research at SMBC Nikko Securities. On Friday, Wall Street indexes ended flat to about 0.15 percent lower, pressured by disappointing earnings from...

  • BEIJING, July 24- China's gasoline exports to North Korea fell in June from a year earlier, but were up strongly from the previous month, data showed on Monday, after state-owned China National Petroleum Corp suspended sales amid pressure on Pyongyang to rein in its nuclear and missile programs. Exports of gasoline to North Korea at 8,262 tonnes were down 30...

  • *OPEC, non- OPEC ministers meeting in Russia on Monday. TOKYO, July 24- Oil prices inched up but held near a one-week low on Monday ahead of a joint OPEC and non- OPEC meeting later in the day that may address rising output in Nigeria and Libya. Sources familiar with the talks said the meeting may recommend a conditional cap on production from Nigeria and Libya- two OPEC...

  • WASHINGTON— The White House has indicated that President Donald Trump would sign a sweeping Russia sanctions measure that requires him to get Congress' permission before lifting or easing the economic penalties against Moscow. "We support where the legislation is now, and will continue to work with the House and Senate to put those tough sanctions in place on...

  • *Ex-Goldman Sachs banker Beatriz Sanchez appointed head of LatAm. ZURICH, July 24- Julius Bar had its most successful six months of attracting new assets from wealthy clients since the financial crisis, it said on Monday, boosted by a recent push to recruit more private bankers. It indicates assets gathered by the new bankers accelerated in May and June after...

  • WASHINGTON— There are many reasons why the Senate will probably reject Republicans' crowning bill razing much of former President Barack Obama's health care law. There are fewer why Senate Majority Leader Mitch McConnell might revive it and avert a GOP humiliation. In an Associated Press-NORC Center for Public Affairs Research poll this month, 51 percent...

  • TOKYO— Asian shares meandered Monday as market attention turned to the U.S. KEEPING SCORE: Japan's benchmark Nikkei 225 lost 0.6 percent to finish at 19,975.67. India's Sensex added 0.6 percent to 32,220.32, while shares in Southeast Asia were mixed.

  • TOKYO, July 24- Japan's Mitsubishi Tanabe Pharma Corp said on Monday it will acquire Israeli drug maker Neuroderm for $1.1 billion in an all-cash deal to expand its overseas business.

  • The average deduction for taxpayers who claimed it in each state and the District of Columbia:. 5 District of Columbia: $15,452. Sources: IRS, Associated Press calculations.

  • TOKYO, July 24- Japanese government bond prices ticked up slightly on Monday, supported by firmness in overseas peers even after the Bank of Japan reduced its buying in five- to ten-year JGBs in its market operation. The price of 10- year JGB futures rose 0.03 point to 150.25 after U.S. and European bonds had gained on speculation that a strong euro could make it...

  • New York, Connecticut, New Jersey and California top the list of states where taxpayers get the biggest deductions. Proposals by House Republican leaders and President Donald Trump would repeal the tax break as part of their packages to overhaul the American tax code. The standoff illustrates how hard it is for Congress to eliminate any popular tax break, even...

  • *Asia ex- Japan reverses early losses; Nikkei down on yen strength. European markets are expected to open mixed, with financial spreadbetter CMC Markets predicting Britain's FTSE 100 to open 0.1 percent lower, Germany's DAX to open little changed, and France's CAC 40 to start the day up 0.1 percent. MSCI's broadest index of Asia-Pacific shares outside Japan...

  • MELBOURNE, July 24- London copper was marking time near its highest since early March on Monday ahead of the release of a spate of global manufacturing reports, underpinned supply. *LME COPPER: London Metal Exchange copper was trading up 0.1 percent at $6,013 a tonne by 0520 GMT, following a 0.8- percent gain in the previous session when prices reached their...

  • *Banks lent heavily to shipping industry as trade soared. *Financial crisis, markets crash created toxic debt pile. LONDON, July 24- Dutch shipowner Vroon is finding talks with banks tough going as it tries to navigate a way out of a long slump in the shipping industry.

  • *OPEC, non- OPEC ministers meeting in Russia on Monday. TOKYO, July 24- Oil prices held around a one-week low on Monday ahead of a joint OPEC and non- OPEC meeting later in the day that may address rising output in Nigeria and Libya. Sources familiar with the talks said the meeting may recommend a conditional cap on production from Nigeria and Libya- two OPEC members so...

  • KUALA LUMPUR, July 24- The International Monetary Fund kept its growth forecasts for the world economy unchanged for this year and next, although it revised up growth expectations for the eurozone and China. "While risks around the global growth forecast appear broadly balanced in the near term, they remain skewed to the downside over the medium term," the IMF said...