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  • OSLO, July 29- Norwegian oil services firm Subsea 7 reported a smaller-than-expected fall in second-quarter earnings on Wednesday and said it would cut costs by up to $550 million by early next year as it whittles down its fleet and reduces staff. Subsea 7, which focuses on the North Sea but has a global operation, will also cut its fleet by 12 vessels from 39. It...

  • MOSCOW, July 29- The Russian rouble opened 0.8 percent stronger against the dollar on Wednesday after the central bank said it stopped carrying out FX interventions from July 28 because of increased market volatility. The rouble also gained some 0.7 percent against the euro on Wednesday opening. At 0708 GMT the rouble was at 59.61 against the dollar and 65.87...

  • MOSCOW, July 29- Russia's central bank said on Wednesday it had stopped its operations to replenish its international reserves from Tuesday because of a rise in market volatility.

  • LAHAINA, Hawaii, July 28- Pacific Rim trading partners might convene a top-level forum to discuss how to stop countries manipulating currencies for competitive advantage, Australian Trade Minister Andrew Robb said on Tuesday. Speaking on the sidelines of a meeting in Hawaii where ministers are negotiating a 12- nation trade deal, Robb said member countries...

  • LAHAINA, Hawaii— Trade ministers from 12 nations around the Pacific Rim are meeting on the Hawaiian island on Maui to negotiate a trade pact. Trade Representative Michael Froman told his counterparts at the start of the talks at the Westin Resort in Kaanapali on Tuesday that tough political issues remain to be resolved. Other nations negotiating the deal...

  • LONDON, July 29- Chilean miner Antofagasta cut is annual copper output forecast for the second time this year on Wednesday due to a delay in the start-up of its Antucoya project, as it posted a double-digit-percentage decline in half-year copper production. The London- listed miner, which has been hurt by a steep fall in prices, declining ore grades, unfavourable...

  • LAHAINA, Hawaii, July 28- Australia is pleased with discussions with Pacific Rim trading partners on resolving disputes with foreign investors but will not agree to a regional trade pact unless it wins more access to the U.S. sugar market, Australian Trade Minister Andrew Robb said on Tuesday. In an interview with Reuters on the sidelines of talks aimed at...

  • LONDON, July 29- Record demand for entertainment and broadband in Britain, Germany and Austria helped European pay-TV group Sky to post a slightly better-than-expected 18 percent jump in full-year operating profit on Wednesday. Sky, which formed from the combination of Britain's BSkyB, Sky Deutschland and Sky Italia to serve 20 million customers in Europe,...

  • SEOUL, South Korea— LG Electronics said Wednesday its second quarter earnings sank 45 percent over a year earlier as losses widened in its TV business and mobile phones earned little income. The company reported a net profit of 226.4 billion won for the April-June quarter, compared with 411.8 billion won a year earlier. LG's TV business, the world's...

  • LONDON, July 29- British American Tobacco, the world's No. 2 cigarette company, reported lower revenue for the first half of the year, hurt by currency fluctuations and people cutting back on smoking. All big tobacco companies are grappling with falling sales in many markets due to increasing regulation, higher taxes, economic weakness and growing health...

  • LONDON, July 29- British outsourcing group Capita said it expected organic revenue growth to accelerate in 2016 after it posted an 11 percent rise in first-half pretax profit and secured 1.6 billion pounds of major contract wins. Capita, which runs services from the Ministry of Defence pension scheme to police radio systems, said pretax profit for the six...

  • LONDON, July 29- Record demand for entertainment and broadband in Britain, Germany and Austria helped European pay-TV group Sky to post a slightly better-than-expected 18 percent jump in full-year operating profit on Wednesday. Sky, which formed from the combination of Britain's BSkyB, Sky Deutschland and Sky Italia to serve 20 million customers in Europe,...

  • LONDON, July 29- Chilean miner Antofagasta cut is annual copper output forecast on Wednesday due to a delay in the start up of its Antucoya project, as it posted a double-digit percentage decline in its half-year copper production. The London- listed miner, which has been hurt by a steep fall in prices, declining ore grades, unfavourable weather and environmental...

  • TOKYO— Asian stock markets were muted Wednesday as the recent plunge in Chinese shares kept investors on edge and attention turned to a Federal Reserve meeting that might give clues about the timing of a U.S. interest rate hike. KEEPING SCORE: China's Shanghai Composite Index was down 0.9 percent to 3,629.37 and Hong Kong's Hang Seng was little changed at...

  • *Asia shares tentatively higher, helped by Wall Street rally. The steadier tone was enough to lift Australia's main index 0.9 percent, while MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4 percent. Japan's Nikkei eased 0.3 percent, hit by sharp falls in Fanuc Corp and Tokyo Electron.

  • LAHAINA, Hawaii, July 28- Japanese Economics Minister Akira Amari said on Tuesday that Japan and the United States have not yet reached an agreement in bilateral trade talks and that the two nations need more discussion. Ministers from the 12- nation Trans-Pacific Partnership are in Hawaii aiming to clinch a broad agreement this week. Japan and the U.S. have been...

  • BEIJING/ SINGAPORE, July 29- Any attempt by Iran to sell to China millions of barrels of ultra light crude built up in tankers over the last 2-1/ 2 years of sanctions is likely to be thwarted by poor refining margins and an outage at a major importer of the oil. Traders and company officials say Iran has little choice but to target China to buy the crude known as...

  • BRASILIA, July 29- Brazil's central bank is widely expected to raise its policy interest rate on Wednesday after a steep cut in fiscal savings targets weakened the real currency and stirred doubts about the government's commitment to help contain price increases. Standard& Poor's threat on Tuesday to strip Brazil of its coveted investment-grade rating in...

  • NEW YORK, July 29- When Matt and Jen Osmun opened their vape shop in Bethel, Connecticut, last December, they didn't expect to get a boost from the local medical marijuana outlet. "Sales are going really well, and getting better every month," said Jen Osmun, who started the business with her husband, a former plumber, after he was injured in an accident.

  • WASHINGTON, July 29- The Federal Reserve is expected on Wednesday to point to a growing U.S. economy and stronger job market as it sets the stage for a possible interest rate hike in September. With a slew of employment, inflation and GDP reports to come before its September meeting, the Fed is unlikely to hint too strongly about its plans, Barclays economists...