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  • *Europe set for busy day of data. Europe's stock markets had initially started brightly but began to fade as attention switched from company earnings from the likes of Siemens and Deutsche Bank to upcoming euro zone unemployment, business sentiment and German inflation data. Q2 gross domestic product data also due later that could reinforce the rate hike view,...

  • PARIS, July 30- Sanofi reported lower second quarter sales for its strategic diabetes division on Thursday, hurt by continued pricing pressure in the United States, but it's biotech arm Genzyme recorded another quarter of double-digit growth, enabling the French drugmaker to beat forecasts overall. Forced to agree to increased rebates to maintain market...

  • *ABN AMRO cuts 2016 crude price forecasts. Benchmark Brent crude oil was up 30 cents a barrel at $53.68 by 0805 GMT, after settling 8 cents higher in the previous session. "Oil is consolidating," said Carsten Fritsch, senior oil analyst at Commerzbank.

  • PARIS— French carmaker Renault has reported a sharp rise in its first-half profit as the European car market rebounded strongly in the period. Renault on Thursday reported net profit of 1.4 billion euros, up from 749 million euros a year earlier. Renault's new registrations rose a modest 0.8 percent in the first half to 1.38 million units.

  • HONG KONG, July 30- Hong Kong shares fell on Thursday as fresh losses in mainland China markets outweighed the U.S. China Vanke was down 3.2 percent, and Guangzhou Automobile slid 2.8 percent. Tencent topped the most actively traded stocks, losing 1.1 percent, while Industrial and Commercial Bank of China's Hong Kong shares fell 1.8 percent.

  • By Ron Bousso and Karolin Schaps. LONDON, July 30- Royal Dutch Shell is to axe 6,500 jobs this year and step up spending cuts to deal with an extended period of lower oil prices which contributed to a 37 percent drop in the oil and gas group's second-quarter profits. The Anglo-Dutch company also said it was planning more asset disposals as it pushes ahead with its...

  • LONDON, July 30- The dollar rose to its highest level this week on Thursday after the U.S. In early trade in Europe, the euro was down more than a cent against the dollar compared with levels seen before the Fed made its monthly policy statement on Wednesday, falling back to around $1.0950, its lowest since last Friday. "The fact they weren't worried about anything else...

  • LONDON— Anglo-Swedish drug firm AstraZeneca says second-quarter net income fell 12 percent to $697 million as competition from generic drug companies reduced sales. CEO Pascal Soriot says the company made "good progress" in the period, with cost reductions supporting investment in science. Soriot also highlighted progress in the company's oncology...

  • BEIJING, July 30- The outstanding amount of China's dollar-denominated Qualified Foreign Institutional Investor program rose to $76.6 billion by July 29, from $75.54 billion at the end of June, the foreign exchange regulator said on Thursday.

  • IBM Watson, a unit of the U.S. technology and consulting company, said Thursday it was working with Japanese telecommunications and robotics company Softbank Corp. to share Watson with startups and universities in Japan for a variety of consumer applications, starting October. One example of a new partnership in Japan is with the University of Tokyo, which...

  • MILAN— Italian oil and gas company Eni says it lost 113 million euros in the second quarter due to a sharp decline in oil prices. CEO Claudio Descalzi said in a statement that the impact of falling hydrocarbon prices was partially contained by restructuring that helped the mid-downstream business. Eni increased its full-year guidance to a 7- percent growth in...

  • LONDON, July 30- British engineering and support services firm Babcock said it was on track to continue the growth trend of previous years, despite revenue from its defence and security division coming in lower in the first half of the year. The company said on Thursday that it expected revenue from the division to improve over the second half of the year and would...

  • LONDON, July 30- British engineering and support services firm Babcock said it was on track to continue the growth trend of previous years, despite revenue from its defense and security division coming in lower in the first half of the year. The company said on Thursday that it expected revenue from the division to improve over the second half of the year and would...

  • *China bonded copper premiums jump $10 to highest since March. MELBOURNE, July 30- London copper soured on Thursday, as jitters resurfaced in China's sharemarkets and as a dollar revival picked up pace on bets of a looming rate rise in the United States. "We'll need to see how much more stimulus is thrown at it- if China throws a lot, at the end of the day, prices have to hold-...

  • FRANKFURT, July 30- Deutsche Bank warned that its new performance targets were at risk from heavy legal charges as it set aside 1.2 billion euros for fines and settlements and reported quarterly earnings largely in line with expectations. The results are Deutsche Bank's first under new boss John Cryan who has taken over after the early resignation of its...

  • FRANKFURT, Germany— Deutsche Bank's net profit rose in the second quarter, but legal expenses stemming from investigations of the bank's past conduct also increased and the bank's new co-CEO said its financial performance was unsatisfactory. John Cryan said Thursday that Deutsche Bank needed to cut costs, shed unprofitable activities and improve "poor...

  • PARIS, July 30- PSA Peugeot Citroen, previously the market leader in Iran, could find it more difficult to return to the country than fellow French car group Renault, Foreign Minister Laurent Fabius said after talks with Iranian leaders. Peugeot and Renault both enjoyed a strong position in the Iranian market before international sanctions on Tehran were...

  • LONDON, July 30- Europe's robust earnings season gave another lift to share prices on Thursday, with results from Siemens, Nokia and Deutsche Bank underpinning signs of a euro zone recovery. Europe's FTSEurofirst 300 equity index was up 0.5 percent at 0712 GMT, with Nokia, Safran and Fresenius up some 4 to 8 percent after reporting results. "The proportion of...

  • LONDON— Taxpayer-owned Royal Bank of Scotland says second-quarter net income rose 27 percent to 293 million pounds as the British government prepares to sell its stake. Bailed out by the British government at the height of the financial crisis in 2008, RBS is struggling to put the excesses of the past behind it, including an ill-fated global expansion drive...

  • MANILA, July 30- Gold fell more than 1 percent to near its weakest level since early 2010 on Thursday, as the dollar jumped ahead of U.S. economic data that is likely to strengthen expectations for an interest rate hike by the Federal Reserve in September. Spot gold dropped 1 percent to $1,084.46 an ounce by 0659 GMT, after hitting a low of $1,081.85.