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Wires

  • ST PETERSBURG, Russia, July 24- Russia faces no risks due to a scandal over illegal deliveries of Siemens turbines to sanctions-hit Crimea, because the products supplied by the German company are also supplied by other producers, Russia's energy minister said on Monday. Asked whether the row could hit Russia's oil sector, Alexander Novak told reporters: "We have a...

  • July 24- Private equity firm KKR& Co has agreed to buy WebMD Health Corp in a deal valued at about $2.8 billion, bringing a slew of popular online health information websites under one umbrella. The deal comes five months after New York- based WebMD said it would explore strategic options amid a slowdown in advertising paid for by pharmaceutical companies.

  • July 24- U.S. Food and Drug Administration scientists on Monday raised concerns that Intellipharmaceutics International Inc failed to provide data from studies testing the abuse potential of its long-acting opioid painkiller. Both painkillers contain oxycodone- one of three leading drugs involved in prescription opioid deaths- according to the Centers...

  • OTTAWA, July 24- Canada's main stock index fell broadly on Monday, dragged lower by declines in shares of the country's biggest banks, as well as a retreat in gold miners and retailers. Encana rose 1.8 percent to C $12.56, while Canadian Natural Resources added 0.1 percent to C $37.3 as U.S. crude prices climbed 1.3 percent to $46.38 a barrel. At 10:20 a.m. ET, the...

  • WASHINGTON, July 24- A seven-year Republican effort to repeal and replace Obamacare faces a major test this week in the U.S. Senate, where lawmakers will decide whether to move forward and vote on a bill whose details and prospects are uncertain. The Senate will decide as early as Tuesday whether to begin debating a healthcare bill. But the party is divided between...

  • WASHINGTON— The Federal Reserve has already achieved one of its two mandates: With the unemployment rate at just 4.4 percent, the Fed has essentially maximized employment. It's the Fed's other goal— price stability— that's stayed persistently out of reach. Fed Chair Janet Yellen deepened the uncertainty earlier this month when she sounded less sure about her...

  • HONG KONG, July 24- The Hong Kong stock exchange has rejected the IPO application of AMTD Strategic Capital Group, a corporate insurance broker backed by Morgan Stanley's private equity arm. The Hong Kong company, controlled by AMTD Asia, filed in May for the IPO, which Thomson Reuters publication IFR said could total $200 million. AMTD Strategic Capital is 79...

  • MEXICO CITY, July 24- Mexico's Coca-Cola Femsa, the world's largest Coke bottler, said on Monday its second-quarter net profit rose 11.5 percent, boosted by higher revenue and growth in the company's South American operations. Coke Femsa also said that Dutch brewer Heineken, which holds a stake in its parent company Femsa, had told the company it would be ending...

  • WASHINGTON, July 24- U.S. home resales volumes fell more than expected in June as a dearth of properties pushed house prices to a record high. The National Association of Realtors said on Monday existing home sales dropped 1.8 percent to a seasonally adjusted annual rate of 5.52 million units last month. Sales were up 0.7 percent from June 2016.

  • MOSCOW, July 24- Russia's central bank is expected to leave its key rate unchanged on Friday, opting for a cautious approach given the risk of new U.S. sanctions and a possible spike in food prices, a Reuters poll showed on Monday. The number of those who expect the central bank to hold rates after cutting them by 25 basis points last month increased after the White...

  • JOHANNESBURG, July 24- Copper pushed through the $6,000 level on Monday as the dollar hovered near 13- month lows and mine disruptions fuelled concerns over supply. "Copper is testing that $6,000 level again today but technically the uptrend is still intact," said Sucden Financial analyst Kash Kamal, adding that the "outlook across the base metals complex is...

  • BRUSSELS, July 24- European Commission preparations to retaliate against proposed new U.S. sanctions on Russia that could affect European firms are likely to face resistance within a bloc divided on how to deal with Moscow, diplomats, officials and experts say. A bill agreed by U.S. Senate and House leaders foresees fines for companies aiding Russia to build...

  • *Customers are "tapping the brakes" in North America- call. "This tapping of the brakes is happening all over the place in North America." On Monday, Halliburton swung to a quarterly profit and handily beat analysts' expectations on higher demand in North America, sending the world's No.3 oilfield services provider's shares up 2.5 percent.

  • HELSINKI— Sweden's prime minister says a security leak in the transport agency two years ago was "a disaster," but it's unclear what damage it may have caused. Stefan Lofven says the data leak was revealed after security police investigated the outsourcing of services by the Swedish Transport Agency and found IT workers in other countries, including the Czech...

  • LAGOS, July 24- Nigerian pasta maker Dufil Prima Food plans to raise 40 billion naira from the local debt market to broaden its funding base, it said on Monday. Dufil Chief Operating Officer Madhukar Khetan said in a statement that the issue has been approved by the Securities and Exchange Commission but that the timing of sale was subject to market conditions.

  • BIRMINGHAM/ LONDON, July 24- Britain launched a 246 million-pound fund on Monday to boost the development and manufacturing of electric batteries, a major growth area for the car and energy sectors. It is designed to take a more hands-on approach to developing key industries to help protect the economy as Britain leaves the European Union.

  • *WebMD Health jumps after $2.8 bln KKR deal. July 24- U.S. stock indexes opened little changed on Monday, ahead of Google parent Alphabet's earnings report and a two-day Federal Reserve meeting, which kicks off on Tuesday. "With indices trading at record highs and central banks favoring a less accommodative stance, earnings will become increasingly important in...

  • WASHINGTON— Homebuyers faced surging prices and a shrinking number of properties for sale in June— causing the pace of sales to fall. Sales of existing homes slipped 1.8 percent last month to a seasonally adjusted annual rate of 5.52 million, the National Association of Realtors said Monday. The decline speaks to a troubling cycle for a U.S. housing market...

  • WASHINGTON, July 24- U.S. home resales fell more than expected in June as a dearth of properties lifted house prices to a record high. The National Association of Realtors said on Monday existing home sales dropped 1.8 percent to a seasonally adjusted annual rate of 5.52 million units last month. Sales were up 0.7 percent from June 2016.

  • July 24- U.S. Food and Drug Administration scientists on Monday raised concerns that Intellipharmaceutics International Inc failed to provide data from studies testing the abuse potential of its long-acting opioid painkiller. Canada- based Intellipharma's product, Rexista, has been developed as a unique abuse-deterrent version of Purdue Pharma's...