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  • SPARKS, Md. _ McCormick& Co. on Thursday reported fiscal second-quarter earnings of $100 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share. Four analysts surveyed by Zacks expected $1.1 billion.

  • NEW DELHI, June 29- At midnight on Friday, India will introduce nationwide goods and services tax with Prime Minister Narendra Modi taking centre-stage in parliament for what will be the country's biggest tax reform in the 70 years since independence from British colonial rule. Even though the Congress Party first proposed the tax reform before it fell from...

  • BEIJING, June 29- China recorded a surplus in its capital and financial account in the first quarter, the foreign exchange regulator said on Thursday, indicating net capital inflows as policymakers tightened supervision of outflows. For the quarter, China posted a $39.3 billion surplus in its capital and financial account, versus a preliminary deficit of $19...

  • PARIS, June 29- Carrefour shares surrendered gains made earlier on Thursday as initial investor optimism over the retailer's $1.7 billion initial public offering for its Brazilian business fizzled out. Carrefour, the world's second-largest retailer behind Wal-Mart, said it would list the Brazil arm on July 20 on the Sao Paulo exchange with a 15-20 percent...

  • LONDON, June 29- Germany's 10- year government bond yield hit a five-week high on Thursday, with investors unable to shake off jitters that the European Central Bank is getting ready to scale back its massive monetary stimulus programme in the months ahead. Signs of a pick up in inflation in Spain and Germany added to a sense of unease in markets that was sparked on...

  • LAKE OSWEGO, Ore. _ Greenbrier Companies Inc. on Thursday reported fiscal third-quarter earnings of $32.8 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 81 cents per share. Three analysts surveyed by Zacks expected $523.3 million.

  • *EU Commission tries to defuse demographic time bomb. BRUSSELS, June 29- The European Commission proposed on Thursday establishing a new pan-European pension product to increase private savings for old age and boost the growth of an EU industry currently worth some 700 billion euros. As EU states' stretched public finances are already struggling to cover the...

  • PARIS, June 29- There is no talk of further oil output cuts by the Organization of the Petroleum Exporting Countries and its allies despite only a slow drawdown in inventories, the United Arab Emirates' energy minister said on Thursday. "I think OPEC countries and non- OPEC countries who joined us have done their part. OPEC and allied non- OPEC producers agreed on May...

  • HONG KONG, June 29- Real estate developers say a slew of new regulations governing many land auctions in China is threatening the business model most of them use, and is likely to speed up the consolidation of the industry through more joint ventures and takeovers. The measures, which are widely seen in the industry as representing the most stringent tightening...

  • *China official PMI seen at 51.0 in June, vs 51.2 in May. BEIJING, June 29- Factory activity in China is expected to have cooled slightly in June from the previous month, a Reuters poll showed, as manufacturers are pressured by government efforts to reduce high levels of debt across the world's second-biggest economy. Most analysts agree that Beijing's crackdown on...

  • June 29- Japan is planning a wave of new coal-fired power plants as it struggles to revive its nuclear industry which is still mostly shut down in the wake of the Fukushima disaster in 2011. Nuclear power contributed nearly a third of total electricity generated before the catastrophe. Japan had a total 90 coal-fired units at the end of March 2016, with total...

  • BERLIN, June 29- German inflation probably accelerated in June, regional data suggested on Thursday, suggesting a solid upswing in the economy is pushing up price pressures as euro zone inflation moves closer to the European Central Bank's target. The data comes only days after ECB head Mario Draghi hinted that the bank's asset-purchase programme would...

  • NEW DELHI, June 29- At midnight on Friday, India will introduce nationwide goods and sales tax with Prime Minister Narendra Modi taking centre-stage in parliament for what will be the country's biggest tax reform in the 70 years since independence from British colonial rule. Even though the Congress Party first proposed the tax reform before it fell from power...

  • LONDON, June 29- Bank of England chief economist Andy Haldane said on Thursday that the central bank needs to "look seriously" at raising interest rates to keep a lid on inflation, even though he was happy with their current level. "We need to look seriously at the possibility of raising interest rates to keep the lid on those cost of living increases," Haldane told the...

  • ATHENS, Greece— About 1,000 garbage collectors are marching through central Athens demanding an end to short-term labor contracts. Their strike, which has lasted nearly two weeks, has left towering mounds of garbage on city streets at a time when the summer's first heatwave sent temperatures soaring. The strikers met with Prime Minister Alexis Tsipras...

  • By Anna Ringstrom and Helena Soderpalm. STOCKHOLM, June 29- Swedish fashion chain H&M beat quarterly profit forecasts on Thursday after improving its ability to control costs as it expands across the globe. H&M said key markets such as China and the United States remained tough.

  • BEIJING, June 29- China posted a final current account surplus of $18.4 billion in the first quarter, compared with a preliminary surplus of $19 billion, the foreign exchange regulator said on Thursday.

  • *Oil to continue trading near $45/ barrel- Goldman Sachs. LONDON, June 29- Oil prices rose to a two-week high on Thursday, extending a rally into a sixth straight session, after a decline in weekly U.S. production eased concerns about deepening oversupply. Global benchmark Brent crude futures were up 33 cents at $47.64 a barrel at 0832 GMT, having touched a two-week...

  • WASHINGTON— Senate Republicans' struggle to pass a health care bill is jeopardizing another one of President Donald Trump's top priorities: overhauling America's tax system. A day after Senate Majority Leader Mitch McConnell, R- Ky., delayed a vote on a bill to scrap much of Democrat Barack Obama's health law, questions lingered about whether congressional...

  • BRUSSELS— The European Union says economic sentiment across the 19- country eurozone has risen to near-decade highs as the recovery gathers steam across sectors and nations. Sentiment was particularly strong in Germany and France, the eurozone's powerhouse economies. As a result, speculation is intensifying that the European Central Bank may soon signal...