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Wires

  • PARIS, July 27- AccorHotels reported on Thursday a forecast-beating rise in first-half operating profit, as Europe's largest hotel group reaps the fruits of its restructuring and benefits from a recovery in hotel demand in Europe and France. First-half operating profit rose 33.9 percent on a like-for-like basis to 226 million euros, above the 192 million...

  • PARIS, July 27- AccorHotels reported on Thursday a forecast-beating rise in first-half operating profit, as Europe's largest hotel group reaps the fruits of its restructuring and benefits from a recovery in hotel demand in Europe and France. First-half operating profit rose 33.9 percent on a like-for-like basis to 226 million euros, above the 192 million...

  • LAUNCESTON, Australia, July 27- The shifting dynamics of the liquefied natural gas industry have been neatly encapsulated by two recent decisions: the scrapping of a major new development and the expansion of an existing large-scale project. Malaysia's state-owned Petronas announced this week it was cancelling its $29 billion Pacific Northwest LNG...

  • BERLIN, July 27- Already-buoyant German. Germany's robust labour market, with unemployment reaching new lows each month, continues to fuel consumption and growth. Buerkl noted that consumers appear to be undisturbed by global risks such as the start of Brexit talks, the threat of U.S. tariffs on imports, and the increasingly difficult relations between Germany...

  • LONDON, July 26- Futures and options markets play an increasingly important role in pricing crude oil but little is known about the identity and behaviour of market participants or their impact on prices. The only comprehensive information on traders positions regularly available comes from the commitments of traders reports issued weekly by regulators...

  • With Washington preoccupied by an attempt to renegotiate its existing NAFTA treaty with Canada and Mexico, the EU has an opportunity to become the top setter of common business standards in a series of new deals. Now it has much of Asia and Latin America in its sights for trade treaties, while a far-reaching pact with Canada will already enter force in September.

  • PARIS, July 27- French oil and gas giant Total reported forecast-beating second quarter earnings on Thursday, lifted by strong cash flow, particularly from its high-margin upstream projects, and by cost cuts. "Total again delivered an excellent set of quarterly results with adjusted net income of $2.5 billion, a 14 percent increase compared to a year ago,"...

  • *Delegation allows UK- based firms to manage assets in Europe. LONDON, July 27- British-based investment firms' long-standing ability to manage billions of euros of assets elsewhere in Europe could be threatened by Brexit, new EU guidance suggests. Asset managers in London oversee funds worth 1.2 trillion euros in the EU- more than their peers in France, Germany...

  • *Companies confused by multiple tax rates. NEW DELHI, July 27- India's nationwide sales tax was meant to unify the $2 trillion economy and make it easier for companies to transact across state borders. Ambiguous rules under the new, multi-rate Goods and Services Tax tax that went into effect on July 1 have left firms confused on how to price their products.

  • HELSINKI, July 27- Finnish network equipment maker Nokia reported larger than expected quarterly profits on Thursday thanks to a patent deal with Apple and improving profitability at its network business, but warned its key market would slow. Second-quarter group earnings before interest and taxes rose 73 percent from a year ago to 574 million euros, well...

  • FRANKFURT, Germany— Deutsche Bank says its net profit rebounded to 466 million euros in the second quarter from a mere 20 million euros a year earlier. CEO John Cryan said the bank was making progress in cutting costs and increasing profitability as it weathers a difficult long-term restructuring. The bank incurred lower costs for restructuring and...

  • SINGAPORE, July 27- Oil prices were sitting just below 8- week highs on Thursday, buoyed by hopes that a steeper-than-expected decline in U.S. crude oil inventories will reduce global oversupply. Brent crude futures were down 16 cents, or 0.3 percent, at $50.81 a barrel at 0536 GMT, after rising about 1.5 percent in the previous session. West Texas Intermediate...

  • SEOUL, July 27- Craft beer and finger food will replace a full-course meal when South Korean President Moon Jae- in plays host to corporate tycoons on Thursday and Friday for the first time since his election in May. Moon said he will break close ties between government and businesses in the wake of a corruption scandal involving his impeached predecessor Park...

  • PARIS, July 27- French food group Danone posted a higher-than-expected rise in first-half operating profit, helped by cost control and synergies from its acquisition of U.S. organic food producer WhiteWave. Sales growth, however, slowed down further in the second quarter, with Danone's performance coming in below that of its European peers, amid challenging...

  • BRUSSELS, July 27- Anheuser-Busch InBev, the world's largest beer maker, reported an increase in second-quarter earnings on Thursday as gains in China, Mexico and new market South Africa offset weakness in Brazil. AB InBev, which sells more than twice as much beer as nearest rival Heineken following its $100 billion acquisition of SABMiller in 2016, said...

  • PARIS, July 27- Supermarket retailer Casino nudged up its full year financial guidance on Thursday as stronger results in its main French market and in Brazil boosted its first-half earnings. Casino said it was now expecting growth of more than 15 percent regarding food retail trading profits in France, and also expected a contribution from its property...

  • PARIS, July 27- Europe's Airbus on Thursday unveiled a one-third slump in half-way operating profit on flat revenue, as delays in engine deliveries for its upgraded A320neo hit interim earnings. Analysts were on average expecting profit of 910 million euros on 15.823 billion euros in sales, according to a Reuters poll. On Wednesday, Reuters reported that Airbus...

  • *Thai baht bullish bets swell to biggest since October 2015. July 27- Investors raised their long positions in most Asian currencies compared with two weeks ago, with bullish bets on the Chinese yuan at their highest since December, a Reuters poll showed on Thursday, as the dollar languished near multimonth lows on political woes in Washington.

  • HELSINKI, July 27- Finnish network equipment maker Nokia reported larger than expected quarterly profits on Thursday thanks to a patent deal with Apple along with improving profitability at its network business but warned its key market would slow. Second-quarter group earnings before interest and taxes rose 73 percent from a year ago to 574 million euros,...

  • PARIS, July 27- Europe's Airbus on Thursday unveiled a one-third slump in half-way operating profit on flat revenue, as delays in engine deliveries for its upgraded A320neo hit interim earnings. Analysts were on average expecting profit of 910 million euros on 15.823 billion euros in sales, according to a Reuters poll. The figures came a day after rival Boeing...