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  • LONDON, July 29- European shares edged higher in early trading on Friday, with EDF surging after its board approved Hinkley Point nuclear project, while Kering gained after positive update from its flagship fashion brand Gucci. EDF rose 10 percent after saying it was confident about the new British government's commitment to build nuclear reactors in Hinkley...

  • LONDON, July 29- Euro zone yields rose with other global bond benchmarks on Friday after the Bank of Japan unveiled new monetary stimulus that fell short of market expectations. The BOJ modestly increased purchases of exchange-traded funds, but maintained its base money target at 80 trillion yen. The Bank of England meets next week and is expected to cut rates...

  • SHANGHAI, July 29- China stocks closed lower on Friday as investors dumped small counters amid signs of a fresh regulatory clampdown on rampant speculation, which will hit excessively valued small caps. The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 0.5 percent, to 3,203.93, while the Shanghai Composite Index lost 0.5 percent to...

  • *Q2 core profit $4.01 bln vs consensus $4.13 bln. *Brazil beer volume down 4.5 pct after 10 pct drop in Q1. BRUSSELS, July 29- Anheuser-Busch InBev, the world's largest brewer, said its offer for nearest rival SABMiller was final and could not be changed, as it cut its guidance for sales growth in Brazil this year due to the struggling economy.

  • *Topix volume, turnover highest since June 24. TOKYO, July 29- Tokyo stocks rose in volatile trade on Friday as banks and insurers gained, offsetting disappointment the Bank of Japan's policy easing fell short of investors' high expectations. Since a stronger yen has a much bigger impact to the equities market, it was not a satisfying outcome to stocks after all, "said...

  • *Iran's crude oil exports to Asia surge. West Texas Intermediate crude fell 27 cents, or 0.7 percent, to $40.87 a barrel, slipping below $41 for the first time since April. Because refiners produced too much fuel from cheap crude, margins in the Americas, Europe and Asia have fallen sharply this year, eroding revenues for oil producers and refiners like Royal Dutch...

  • TOKYO— Sony Corp.' s fiscal first-quarter profit dipped 74 percent to 21.2 billion yen, as earnings got hammered by a strong yen and lagging smartphone sales, and a quake that struck southwestern Japan caused damage and production halts in its semiconductor business. Tokyo- based Sony, the maker of Bravia TVs and Walkman portable players, said an area that did well...

  • WASHINGTON— Fears about China, shrunken oil prices and turbulent markets held the U.S. economy to a sluggish pace at the start of the year. But the gloom seems to have lifted. On Friday, the Commerce Department will provide its first of three estimates of GDP growth for the April-June quarter.

  • SINGAPORE/ TOKYO, July 29- Asian shares slipped after touching a near one-year peak on Friday and the yen strengthened as the Bank of Japan's fresh stimulus measures disappointed markets, although Japanese stocks recovered on higher purchases of exchange-traded funds. European markets are set to be positive, with futures pointing to a flat start for...

  • TOKYO, July 29- The Bank of Japan expanded stimulus on Friday by doubling purchases of exchange-traded funds, yielding to pressure from the government and financial markets for bolder action, but disappointing investors who had set their hearts on more audacious measures. At the two-day rate review that ended on Friday, the BOJ decided to increase ETF...

  • MANILA, Philippines— Asian markets were mixed Friday after the Bank of Japan announced a modest expansion of its lavish monetary stimulus to perk up sluggish growth, sending the Japanese stock index up. In Southeast Asia, the stock indices of Indonesia and Malaysia were up, but Singapore's and Philippines' were down. The Bank of Japan ended a policy meeting Friday...

  • SINGAPORE/ TOKYO, July 29- Asian shares slipped after touching a near one-year peak on Friday, while Japanese stocks tumbled and the yen strengthened as the Bank of Japan's fresh stimulus measures disappointed markets. European markets are set to be positive, with futures pointing to a flat start for Britain's FTSE 100, and higher opens for Germany's DAX and...

  • LONDON— Barclays plc said Friday second-quarter earnings rose 19 percent as the bank expressed confidence it could weather the uncertainty of Britain's exit from the European Union. Barclays' core businesses include those it plans to continue operating after it sheds riskier assets and focuses on Britain. Barclays announced plans earlier this year to...

  • MILAN— Italian oil and gas company Eni says second-quarter losses widened to 446 million euros due to a prolonged downturn in low oil prices as well as oversupply and overcapacity in the gas and refining sectors. CEO Claudio Descalzi characterized the market as "weak but slowly improving." Production in the first half was 1.7 million barrels of oil equivalent a...

  • TOKYO, July 29- Japan's Government Pension Investment Fund, the world's largest pension fund, reported 5.3 trillion yen losses from its investments last fiscal year, its first full-year loss in five years. The loss for the year through March was due to sharp falls in Japan's stock market amid broader global market turmoil sparked by volatility in Chinese...

  • TOKYO, July 29- Japanese government bonds tumbled on Friday, sending the benchmark 10- year yield to a one-month high, after the Bank of Japan's steps to ease monetary policy disappointed investors who had hoped measures would include additional bond purchases. "That the BOJ did not boost JGB buying appears to be the source of disappointment for the market," said...

  • *Iran's crude oil exports to Asia surge. West Texas Intermediate crude fell 26 cents, or 0.6 percent, to $40.88 a barrel, slipping below $41 for the first time since April. Because refiners produced too much fuel from cheap crude, margins in the Americas, Europe and Asia have fallen sharply this year, eroding revenues for oil producers and refiners like Royal Dutch...

  • UMLAZI, Durban, July 28- Young, poor, supporters of South Africa's African National Congress are weary of reminders of its liberation struggle, concentrating instead on the ruling party's failure to deliver jobs which could cost it votes in local elections next week. Polls say the main opposition party, the Democractic Alliance will win 36 percent of the vote in...

  • *Several suppliers post forecast-beating Q2 results. *Some point to signs of recovery in demand. OSLO/ MILAN, July 28- European suppliers to the oil industry, hit by their customers' spending cutbacks over the past two years, have produced stronger than expected second-quarter earnings and are cautiously pointing to signs of recovery in demand.

  • GENEVA— Swiss bank UBS has reported a 14- percent drop in net profit in the second quarter, citing "pronounced low client activity" amid economic and geopolitical uncertainties and other market weakness. The company said net income fell to 1.03 billion Swiss francs, from 1.21 billion francs a year earlier. The bank said market volatility, macroeconomic...