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Wires

  • *OPEC July production to rise 145,000 bpd- Petro-Logistics. *OPEC, non- OPEC committee to discuss oil pact in Russia. Petro-Logistics, which tracks OPEC supply forecasts, said OPEC crude production would rise by 145,000 barrels per day this month, taking the group's combined output above 33 million bpd.

  • LONDON, July 21- Gold was set for its biggest weekly gain in two months on Friday as a surging euro pushed the dollar to its weakest since June 2016, making bullion cheaper for holders of other currencies. Bond yields also fell after Mario Draghi said on Thursday the European Central Bank was in no rush to scale back its asset purchase programme.

  • BANGKOK— The neighbors had their suspicions. There was the Porsche, and then the Mini-Cooper. But according to the U.S. Justice Department, he was the mastermind of AlphaBay, the world's leading "darknet" internet marketplace that traded in illegal drugs, firearms and counterfeit goods.

  • TOKYO, July 21- Japan's second-largest convenience store chain hopes it has found an answer to its labour problems- housewives. FamilyMart plans to hire 100,000 for part-time jobs over the next two years as it struggles to cope with a staffing crunch across most of its convenience stores, its president, Takashi Sawada, told Reuters on Friday.

  • July 21- European regulators on Friday recommended against granting approval to a breast cancer drug being developed by Nektar Therapeutics and Daiichi Sankyo's German unit. The European Medicines Agency said its committee of experts refused authorisation to market the investigational drug, Onzeald, as a first-line treatment for adults with advanced...

  • MOSCOW— Russia's parliament has outlawed the use of virtual private networks, or VPNs, and other Internet proxy services, citing concerns about the spread of extremist materials. The State Duma on Friday unanimously passed a bill that would oblige Internet providers to block websites that offer VPN services. The lawmakers behind the bill argued that the move...

  • SYDNEY/ PARIS, July 21- U.S. corn fell below $4 a bushel on Friday as traders took profits at the end of a week where corn was on track to gain around 2.5 pct in response to forecasts for continued adverse weather which added to fears of production losses. The most active corn futures on the Chicago Board Of Trade were down 1.3 percent to $3.99-1/ 2 a bushel after closing...

  • LONDON, July 21- Tissue Regenix said on Friday it had raised 40 million pounds by selling new shares to buy CellRight Technologies, a U.S regenerative medicine company that specialises in spine surgery and orthopaedics. The British company struck a deal to buy CellRight after the market closed on Thursday, agreeing to pay up to $30 million for the San Antonio,...

  • WATERBURY, Conn. _ Webster Financial Corp. on Friday reported second-quarter profit of $61.6 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share. Webster Financial shares have decreased nearly 2 percent since the beginning of the year.

  • PHILADELPHIA _ Beneficial Mutual Bancorp Inc. on Friday reported second-quarter earnings of $9.5 million. The Philadelphia- based bank said it had earnings of 13 cents per share. Keywords: Beneficial Mutual Bancorp, Earnings Report.

  • COLUMBUS, Ohio _ Huntington Bancshares Inc. on Friday reported second-quarter earnings of $271.7 million. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share. Huntington Bancshares shares have climbed roughly 3 percent since the beginning of the year, while the Standard& Poor's 500 index has...

  • LONDON, July 21- A 14 billion pound class action lawsuit against MasterCard for allegedly overcharging more than 45 million people in Britain over a 16- year period was blocked from proceeding by a judge, MasterCard said on Friday. Had it been allowed to proceed, the case would have been the largest and most complex in UK legal history and would have tested the...

  • AMSTERDAM, July 21- The resignation of Akzo Nobel's CEO poses a dilemma for the Dutch paintmaker as a shareholders' meeting to approve his replacement could open the way for a vote on chairman Antony Burgmans, who is under pressure for rejecting a takeover bid. Thierry Vanlancker was named new chief executive on Wednesday after his predecessor Ton Buechner quit...

  • MASTERCARD SAYS BRITISH CLASS ACTION LAWSUIT FOR ALLEGED OVERCHARGING BLOCKED BY UK COMPETITION APPEAL TRIBUNAL.

  • The industrial group said it now had credible evidence that all four gas turbines it delivered a year ago for a project in southern Russia had been illegally moved to Crimea, confirming a series of Reuters reports over the past weeks. The move is embarrassing for Russia which stands accused of disregarding EU sanctions and of flouting its original agreement...

  • *GRAPHIC: Stocks vs bond yields http://reut.rs/2uhd7By. *GRAPHIC: India stock market valuations: http://tmsnrt.rs/2vG3Cvg. LONDON, July 21- Stock prices climbing ever high as interest rates and volatility plumb rock bottom: for some of the world's top asset managers, the investment outlook is as good as it gets.

  • PANAMA CITY _ Banco Latinoamericano de Comercio Exterior SA on Friday reported second-quarter profit of $17.5 million. The Panama City- based bank said it had earnings of 44 cents per share. The bank created in South and Central America to provide trade financing posted revenue of $61.2 million in the period.

  • Net profit slumped 58 percent to $1.34 billion, or 15 cents a share, in the quarter ended June 30, from $3.30 billion, or 36 cents a share, a year earlier. Revenue fell to $29.56 billion from $33.49 billion, slightly better than the $29.02 billion consensus estimate of analysts polled by Thomson Reuters I/B/E/S. Adjusted earnings fell 45 percent to 28 cents a share,...

  • SOUTHLAKE, Texas _ Del Frisco's Restaurant Group Inc. on Friday reported second-quarter earnings of $2.1 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share. Three analysts surveyed by Zacks expected $83.2 million.

  • July 21- U.S. stock index futures were slightly lower on Friday, but continued to hover around record levels, as investors took cues from earnings reports of industrial heavyweights General Electric and Honeywell. *The tech sector has been the best performing S&P sector this year, despite concerns over stretched valuation, as investors look for growth in an...