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Wires

  • LONDON, July 21- European shares were flat on Friday, with corporate earnings not doing enough to lift the sombre mood of the previous session when a stronger euro weighed heavily on exporters. The hangover from Thursday's European Central Bank's policy meeting, which pushed the euro close to a two-year high, saw the pan-European STOXX 600 at a standstill.

  • LONDON, July 21- Vodafone, the world's second largest mobile operator, reported better-than-expected 2.2 percent revenue growth in its first quarter, reflecting a robust performance in Italy and Spain and an acceleration in demand in Turkey. "We made a good start to the year with a robust commercial momentum in Europe and accelerating growth in AMAP," Chief...

  • *FTSE 100 up 0.2 pct, mid caps flat. LONDON, July 21- UK shares rose on Friday, led by a rise in Vodafone's shares and gains among commodity stocks as blue chips headed for their best week in two months. UK mid caps were flat in percentage terms.

  • LONDON, July 21- Private equity group Permira has bought a stake of at least 10 percent in payments firm Klarna, one of Europe's most highly valued tech startups, the companies said on Friday. Klarna, which says it handles 650,000 transactions per day, got a banking licence from Sweden's financial watchdog last month, two weeks after Anders Holch Povlsen, owner of...

  • HONG KONG, July 21- Leshi Internet Information& Technology, embattled Chinese tech group LeEco's main listed entity, said Sun Hongbin from investor Sunac China would take over as chairman from founder Jia Yueting. Sun's appointment to Leshi board chairmanship means he now controls what are widely considered to be LeEco's healthier businesses, while Jia...

  • MUMBAI, July 21- India's edible oil imports are set to fall for the first time in six years as a surge in local oilseed output cuts into overseas purchases, but intake needs to fall further to fortify the health of the market, the head of a leading importer said. The lower purchases by the world's biggest importer of vegetable oils come amid a 13 percent run-off in...

  • LONDON, July 21- The euros surge to an almost two-year high dominated financial markets on Friday, with most major stock exchanges consolidating after a second strong week of gains while those in mainland Europe dipped. The euro surged to its highest against the dollar since August 2015, but government bond yields for Europe's southern governments fell...

  • LONDON, July 21- With the dollar at 13- month lows, emerging stocks headed for a second straight week of gains on Friday and yields on emerging currency bonds hovered at their lowest in 2-1/ 2- years as the sector enjoyed buoyant fund inflows. Despite expectations that Western policymakers will soon start tightening monetary policy, including by clawing back the...

  • TOKYO, July 21- Japan's financial regulator has told the country's smaller banks they must find new ways to make profits if they are to survive, warning many face risks when interest rates eventually rise and that some are already in a precarious state. Some lenders are only managing to stay in the black through bond-trading gains, Financial Services Agency...

  • *IMF approves 1.6 billion euro Greek loan "in principle". LONDON, July 21- Euro zone government bonds were in demand on Friday as the cautious stance of policymakers cheered investors, while IMF support for a Greek bailout added to the general mood of goodwill towards the single currency bloc. The European Central Bank left its ultra-easy monetary policy...

  • *IMF approves 1.6 billion euro Greek loan "in principle". LONDON, July 21- Euro zone government bonds were in demand on Friday as the cautious stance of policymakers cheered investors, while IMF support for a Greek bailout added to the general mood of goodwill towards the single currency bloc. The European Central Bank left its ultra-easy monetary policy...

  • HONG KONG, July 21- Hong Kong stocks snapped a nine-day winning streak on Friday as investors took a breather after the benchmark index scaled a fresh two-year peak in the previous session. The Hang Seng index shed 0.1 percent, or 34.12 points to 26,706.09, ending its longest streak of gains since April 2015. The Hang Seng China Enterprises Index, which tracks the...

  • MADRID, July 21- Spanish construction group ACS said on Friday it was considering a counterbid for Spain's Abertis after a more than 16 billion euro offer by Italy's Atlantia for the toll road company. ACS said in a statement to Spain's market regulator that it had not yet made a decision about whether to bid for Abertis, which it was studying with external...

  • *Market anticipates no change from OPEC meet- Analyst. SINGAPORE, July 21- Oil prices edged up on Friday ahead of a key meeting of major oil producing nations next week, but Brent held below the $50 per barrel level that was briefly breached for the first time in six weeks in the previous session. International benchmark Brent crude futures were up 10 cents, or 0.2...

  • *Spot gold may test resistance at $1,250 per ounce- technicals. It climbed 0.3 percent to $1.16650 as markets bet the European Central Bank would tweak its policy stimulus in the autumn. "The dollar weakness should continue to support gold around current levels and we look to a break through the 100- and 50- day moving averages as a pivot point for further gains," MKS...

  • BEIJING, July 21- China's steel rebar futures fell for a second day on Friday on mounting concern that rising output from mills seeking to cash in on higher prices has glutted the market. Stockpiles of rebar in 35 major cities in China rose 123,600 tonnes to 4 million tonnes by Friday compared with the previous week, according to data on the Mysteel Consultancy...

  • PARIS, July 21- Valeo shares tumbled on Friday after the French auto parts maker reported first-half sales and earnings that fell short of market expectations, despite a strong order book. Yet despite an orders "blowout", those numbers revealed "disappointing yet explainable lower organic growth and low free cash flow", said Evercore ISI analyst Chris McNally.

  • OPEC, together with some non-members like Russia, has extended a deal to cut production by 1.8 million barrels per day to March 2018. However, OPEC's compliance slumped to 78 percent in June as higher-than-allowed output from Algeria, Ecuador, Gabon, Iraq, the UAE and Venezuela offset strong compliance from Saudi Arabia, Kuwait, Qatar and Angola, the International...

  • BERLIN— German industrial conglomerate Siemens said Friday it is halting deliveries of power generation equipment to state-controlled companies in Russia and will sell its stake in a Russian company that offers services for power plant control systems. Siemens AG said Friday it has received "credible information" that all four turbines delivered in the...

  • The euro's 0.3 percent vault above $1.1650 in early trading on Friday meant that those holding currency options betting on a fall in the single currency after the European Central Bank's meeting on Thursday faced heavy losses. The euro rose to $1.16765 as markets bet the European Central Bank would tweak its policy stimulus in the autumn, although ECB...