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  • NEW YORK, July 24- Winter has come early for U.S. refiners and blenders. The switchover from summer blends, which are more environmentally friendly and costlier to produce, usually happens in August for sale starting on Sept. 15, the date allowed under U.S. government regulations. "Why produce more summer grade right now when you can produce something at a cheaper...

  • *Britain comes under pressure at G20 to give Brexit clarity. CHENGDU, China, July 24- Britain's new finance minister Philip Hammond, under pressure from his peers from around the world, said on Sunday there could be more clarity later this year on how the country will exit the European Union. Several nations called on Britain during weekend talks on the world...

  • CHENGDU, China, July 24- The world's biggest economies will work to support global growth and better share the benefits of trade, policymakers said on Sunday after a meeting dominated by the impact of Britain's exit from Europe and fears of rising protectionism. Philip Hammond, Britain's new finance minister, said the uncertainty about Brexit would begin to...

  • BEIJING— China's Ministry of Commerce says it has imposed anti-dumping duties on steel imports from Japan, South Korea and the European Union. The ministry said China started levying the duties on Saturday and would continue to do so for five years. For its part, Beijing faces mounting criticism from the United States and Europe that it is exporting steel at...

  • CHENGDU, China, July 24- Japanese Finance Minister Taro Aso welcomed on Sunday that G20 finance leaders reaffirmed their support for currency market stability in a communique issued at the end of a two-day meeting. Aso, speaking to reporters after the G20 meeting in the southwestern Chinese city of Chengdu, voiced concerns about declines in the Chinese yuan,...

  • LONDON/ TUNIS, July 24- Libya's hopes to boost crude exports have been dealt a blow after the head of the National Oil Corporation objected to a deal between the government and local guards to reopen key ports. Libya envoy Martin Kobler and a number of oil and diplomatic officials, NOC chairman Mustafa Sanalla said it was a mistake to reward Ibrahim Jathran, head of...

  • CHENGDU, China July 24- Global finance officials, jolted by growing anti-trade and economic nationalism movements behind Britain's vote to leave the European Union and Donald Trump's U.S. presidential campaign, are intensifying pledges for more "inclusive" growth. Certainly, the benefits of these efforts are unlikely to be seen quickly enough to influence...

  • CHENGDU, China July 24- Global finance officials, jolted by growing anti-trade and economic nationalism movements behind Britain's vote to leave the European Union and Donald Trump's U.S. presidential campaign, are intensifying pledges for more "inclusive" growth. Certainly, the benefits of these efforts are unlikely to be seen quickly enough to influence...

  • CHENGDU, China July 24- Global finance officials, jolted by growing anti-trade and economic nationalism movements behind Britain's vote to leave the European Union and Donald Trump's U.S. presidential campaign, are intensifying pledges for more "inclusive" growth. Certainly, the benefits of these efforts are unlikely to be seen quickly enough to influence...

  • CHENGDU, China July 24- Global finance officials, jolted by growing anti-trade and economic nationalism movements behind Britain's vote to leave the European Union and Donald Trump's U.S. presidential campaign, are intensifying pledges for more "inclusive" growth. Certainly, the benefits of these efforts are unlikely to be seen quickly enough to influence...

  • CHENGDU, China, July 24- Turkey wanted the final communique of the world's financial leaders meeting in China this weekend to include an endorsement of the current government after the failed coup attempt last week, but did not succeed, G20 officials said. But European Commissioner for Economic Affairs confirmed on Sunday that Turkey had sought such a mention.

  • CHENGDU, China, July 24- The world's biggest economies will work to support global growth and better share the benefits of trade, policymakers said on Sunday after a meeting dominated by the impact of Britain's exit from Europe and fears of rising protectionism. Philip Hammond, Britain's new finance minister, said the uncertainty about Brexit would begin to...

  • CHENGDU, China, July 24- Chinese finance minister Lou Jiwei said China should rely on reform, not fiscal spending, to address structural issues, and added that the country's high savings rate and other conditions allows it to sustain investment growth.

  • CHENGDU, China, July 24- Structural reforms are important to bolster economic growth and share the benefits broadly, Christine Lagarde, Managing Director of the International Monetary Fund, said on Sunday after a meeting of G20 ministers. "Structural reforms are particularly critical, as recent IMF work shows that well-designed structural reforms can lift...

  • CHENGDU, China, July 24- Britain's new finance minister Philip Hammond sought to address concerns among global finance chiefs about the uncertain path ahead for the country's exit from the European Union, saying there could be more clarity later this year. "What will start to reduce uncertainty is when we are able to set out more clearly the kind of arrangement we...

  • CHENGDU, China, July 24- Policymakers from the Group of 20 economies agreed conversations on Britain's exit from the European Union should start as soon as possible to get a clearer long-term perspective and lessen uncertainty, French Finance Minister Michel Sapin said. Sapin made the comments at a news conference after a G20 meeting of finance ministers and...

  • *Takeovers of UK firms valued at $34.5 bln since June 23. LONDON, July 24- Overseas buyers lured by a plunge in the pound are looking to snare British companies on the cheap, ensuring a steady flow of deals since Britain voted to leave the European Union and defying expectations of an M&A drought. The SoftBank deal was hailed by the government as a sign of UK economic...

  • *Takeovers of UK firms valued at $34.5 bln since June 23. LONDON, July 24- Overseas buyers lured by a plunge in the pound are looking to snare British companies on the cheap, ensuring a steady flow of deals since Britain voted to leave the European Union and defying expectations of an M&A drought. The SoftBank deal was hailed by the government as a sign of UK economic...

  • *Takeovers of UK firms valued at $34.5 bln since June 23. LONDON, July 24- Overseas buyers lured by a plunge in the pound are looking to snare British companies on the cheap, ensuring a steady flow of deals since Britain voted to leave the European Union and defying expectations of an M&A drought. The SoftBank deal was hailed by the government as a sign of UK economic...

  • STOCKHOLM, July 24- Business tycoon Melker Schorling, one of Sweden's most prominent investors, says he is well-positioned to expand his 60 billion crown investment empire even as he prepares to hand over affairs to his daughters. In a decade, MSAB has had returns of over 500 percent, outperforming rivals such as Wallenberg-backed Investor AB and...