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  • LONDON, July 25- Turkey's lira climbed more than 1 percent on Monday as its post-coup attempt recovery continued, while emerging market stocks tested nine-month highs as a G20 vow to boost global growth helped offset backsliding oil prices. Murat Toprak, FX strategist at HSBC, said the stabilisation had been driven by two factors: "One is that, although the...

  • LONDON, July 25- Gold fell on Monday, extending a second straight week of losses, as a recovery in risk appetite supported stock markets near nine-month highs ahead of central bank meetings this week in the United States and Japan. The world's major economies pledged at a G20 meeting this weekend, dominated by last month's British vote to leave the European Union,...

  • BEIJING, July 25- Profits at China's state-owned firms fell 8.5 percent in the first six months of 2016 from a year earlier, less than a 9.6 percent fall in the first five months, the Ministry of Finance said on Monday. Total profits at state firms stood at 1.13 trillion yuan in the first half of the year, while revenue fell 0.1 percent to 21.39 trillion yuan, the...

  • WASHINGTON— A safeguard for Medicare beneficiaries has become a way for drugmakers to get paid billions of dollars for pricey medications at taxpayer expense, government numbers show. The cost of Medicare's "catastrophic" prescription coverage jumped by 85 percent in three years, from $27.7 billion in 2013 to $51.3 billion in 2015, according to the program's...

  • BERLIN— A closely watched index of German business optimism declined only slightly in July following Britain's vote to leave the European Union. Market analysts had expected a sharper decline in the mood in Europe's biggest economy. Carsten Brzeski, chief economist at ING-DiBa in Frankfurt, said "German businesses do not seem to be extremely shocked by the...

  • HELSINKI— Hans Vestberg has stepped down as CEO and president of telecoms company Ericsson as the company struggles to improve earnings amid tightening competition. The Swedish wireless equipment maker says that Vestberg is leaving all assignments "with immediate effect" and will be temporarily replaced by CFO Jan Frykhammer until a replacement is found.

  • AMSTERDAM _ Koninklijke Philips NV on Monday reported second-quarter earnings of $466.4 million. On a per-share basis, the Amsterdam- based company said it had net income of 51 cents. Keywords: Royal Philips, Earnings Report.

  • SHANGHAI, July 25- Consecutive defaults by Dongbei Special Steel Group Co Ltd and the passive stance of the company and the local government may damage the credit market in Liaoning province, online financial magazine Caixin said on Monday, citing a report by China Chengxin Credit Rating. Bondholders have targeted the Liaoning provincial government, which...

  • *Bid interest drives up William Hill shares. LONDON, July 25- European stocks rose on Monday, with low-cost airline Ryanair climbing after it issued a bullish outlook while shares in William Hill surged on bid interest from its rivals. The pan-European STOXX 600 index was up 0.7 percent, near the level it was at before Britain's vote in late June to quit the European...

  • *Little movement on German Ifo sentiment survey. LONDON, July 25- The dollar inched up against the yen and held near a four-week high against the euro on Monday ahead of meetings of the Bank of Japan and U.S. Federal Reserve which investors on balance expect to be dollar-positive. Of the two there are positioning expectations more clearly built into the BOJ, "said...

  • STOCKHOLM, July 25- Swedish mobile telecoms gear maker Ericsson ousted Hans Vestberg as chief executive on Monday, a move led by major shareholders after months of criticism of Vestberg's leadership and pay. Chief Financial Officer Jan Frykhammar was named acting chief executive while the company searches for a successor to Vestberg, CEO since 2010, who...

  • LONDON, July 25- World shares held near nine-month highs on Monday after G20 finance chiefs vowed over the weekend to use "all policy tools" to lift global growth. Europe got off to a solid start, climbing almost 0.3 percent as takeover activity continued in the UK gambling sector and talk of record profits at Ryanair helped break some of the recent gloom around...

  • HANOI, Vietnam— Tran Dai Quang was sworn in as Vietnam's president for the second time in four months after being re-elected Monday by the country's rubber-stamp National Assembly. Quang, who was first elected president in early April by the outgoing assembly, won 485 votes from the 494 deputies of the Communist Party- dominated assembly, the government said on...

  • HONG KONG July 25- Hong Kong shares finished up slightly on Monday as investors stepped back into the market at the end of the day. The Hang Seng index rose 0.1 percent, to 21,993.44, while the China Enterprises Index was unchanged at 9,034.76 points. Total trading volume of companies included in the HSI index was 1.2 billion shares.

  • LONDON, July 25- Sterling inched up on Monday, recovering some of the ground it lost late last week from surveys suggesting Britain was heading towards recession and boosting expectations the Bank of England will have to stimulate growth next month. Analysts said all eyes would be on the CBI's Industrial Trends report for July, due at 1000 GMT, which would give...

  • MELBOURNE, July 25- London copper edged higher on Monday as the metal was supported by the prospect of a protracted period of looser global central bank policy, but expectations for more supply kept a lid on prices. In the very near term, with markets struggling to find direction, a softer close on Friday left prices open to a deeper correction on profit-taking, a...

  • LONDON, July 25- European stocks rose on Monday, with low-cost airline Ryanair climbing after it issued a bullish outlook while shares in William Hill surged on bid interest from its rivals. The pan-European STOXX 600 index was up 0.3 percent, near the level it was at before Britain's vote in late June to quit the European Union. William Hill also jumped 9.4 percent...

  • SHANGHAI, July 25- China stocks closed marginally higher in sluggish trading on Monday as a lack of fresh market cues kept many investors on the sidelines. Total volume of A shares traded in Shanghai was 14.4 billion shares, while Shenzhen volume was 19.3 billion shares. The Shenzhen- listed stock has still plummeted more than 20 percent since early July, battered...

  • BENGALURU, July 25- Gold extended losses on Monday from the previous session as Asian stocks were at near nine-month highs on increasing risk appetite and ahead of central bank meetings in the United States and Japan this week. Asian shares rose on Monday as worries over the impact of Britain's Brexit vote eased amid efforts to maintain growth, while the dollar...

  • *Indonesia seeks to boost revenues via tax amnesty bill. *About $200 bln of Indonesian assets are in Singapore. Around $200 billion of Indonesian money that may not have been declared to the tax authorities in Jakarta has been squirreled away in Singapore, according to private banking sources.