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  • BEIJING _ TAL Education Group on Tuesday reported fiscal first-quarter net income of $13.2 million. For the current quarter ending in September, TAL Education said it expects revenue in the range of $247.9 million to $251.3 million. TAL Education shares have climbed 39 percent since the beginning of the year.

  • LOD, Israel _ AudioCodes Ltd. on Tuesday reported second-quarter net income of $721,000, after reporting a loss in the same period a year earlier. On a per-share basis, the Lod, Israel- based company said it had net income of 2 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • BEIJING, July 26- China's top steelmaking province Hebei plans to cut more than 31 million tonnes of combined iron and steel production capacity in 2016, the official Xinhua news agency reported on Tuesday. Xinhua said the province planned to cut iron making capacity by 17.26 million tonnes, and reduce 14.22 million tonnes of steel making capacity by the end of...

  • LONDON, July 26- British oil major BP posted second-quarter profit down 45 percent as the global oil glut dragged down refining margins and revenue, prompting another cut to its 2016 investment budget to below $17 billion. BP said that second-quarter underlying replacement cost profit, its most-watched profit measure, was $720 million, down from $1.3 billion...

  • SARAJEVO, Bosnia-Herzegovina— Authorities say an explosion at a paper production company in the northern part of Bosnia has killed one worker and injured five others. Police spokeswoman Aldina Ahmic told media the workers were immediately taken to the hospital, where one of them died. It was heavily damaged during Bosnia's 1992-95 war but postwar investment...

  • *Combined company to be headquartered in Hamburg. FRANKFURT, July 26- Daimler's mytaxi said it will will merge with British rival Hailo in an all-share deal, creating Europe's largest smartphone-based taxi-hailing business. In similar deals this year, Volkswagen took a $300 million stake in Gett and General Motors invested $500 million in Lyft.

  • LONDON, July 26- Sterling hit a two-week low on Tuesday after a Bank of England policymaker suggested a batch of weak UK data had convinced him monetary policy should be eased immediately, having last week said he needed more evidence of economic weakness first. fits with our view that we do expect further stimulus from the Bank of England, "said Societe Generale...

  • *Share-and-cash alternative up by 88 pence. LONDON/ BRUSSELS, July 26- Anheuser-Busch InBev raised its $100 billion- plus bid for rival brewer SABMiller on Tuesday after a slide in the value of the pound following the Brexit vote made the offer less attractive for many investors, threatening to derail the deal. It has also tweaked the terms of an alternative...

  • July 26- Hong Kong shares finished up slightly on Tuesday led by financials and consumer stocks.

  • *FTSE 100 up 0.2 pct. LONDON, July 26- UK shares opened in positive territory on Tuesday, driven by gains in engineering firm GKN and BT, though UK housebuilders fell after a series of price target cuts. "Staying on course and delivering on guidance strikes us as pretty good going given the number of ebbs and flows across each division, although it is precisely what GKN...

  • BEIJING, July 26- Chinese miners plan to jointly apply for an anti-dumping investigation into iron ore and iron ore products imported from Australia and Brazil, a miners association said. In an online statement issued by the Metallurgical Miners' Association of China, more than 20 Chinese miners are planning to file an application to the country's commerce...

  • *GFMS lifts 2016 gold price forecast to $1,279/ oz. LONDON, July 26- A surge in Western gold investment helped offset sliding Asian demand in the second quarter, GFMS analysts at Thomson Reuters said on Tuesday, as they hiked their gold price forecast for the year in response to jitters over the economic outlook. In the Q2 update of its Gold Survey 2016, GFMS said it now...

  • HONG KONG/ SINGAPORE, July 26- McDonald's Corp said it is seeking franchise partners for its restaurants in Malaysia and Singapore as part of its move to away from direct ownership and operation in Asia. "McDonald's has taken the decision to adopt a development licensee model for the Malaysia and Singapore markets in order to enable focused investment in the...

  • Secretary of State John Kerry said on Tuesday he hoped to announce in early August details of a U.S. plan for closer military cooperation and intelligence sharing with Russia on Syria. Kerry has defended the proposal despite deep skepticism among top American military and intelligence officials, including Secretary of Defense Ash Carter and chairman of the...

  • *Australia losing market share in Indonesia- traders. *Australia's largest exporter to build emergency storage. However, a delay in sales could lead to Australia losing more of its share of the overseas market to rival Black Sea producers.

  • BRIEF-TELECOMS CEOS REACT TO OFCOM'S OPENREACH PROPOSAL@. July 26- Ceos react to Ofcom proposal:. *TalkTalk ceo says Ofcom proposal for openreach a step in the right direction- BBC radio.

  • ABU DHABI, United Arab Emirates— The United Arab Emirates might not seem like an obvious spot to begin and end a globe-spanning flight promoting renewable energy. One way is by backing the Solar Impulse 2 solar plane, which ended its groundbreaking round-the-world flight on Tuesday in Abu Dhabi and counts Emirati renewable-energy company Masdar among its...

  • TOKYO, July 26- Takeda Pharmaceutical Co Ltd will accept initial bids for its 70 percent stake in a chemicals company through Aug. 16, with potential suitors including CVC Capital Partners Ltd and Carlyle Group Ltd, sources told Reuters. Takeda, Japan's largest drugmaker by market value, aims to sell its holding in Wako Pure Chemicals Industries Ltd to streamline...

  • MILAN, July 26- European shares were slightly lower in early trading on Tuesday with Commerzbank among the leading fallers after the German bank disappointed with a fall in core capital. By 0717 GMT, the pan-European STOXX 600 index was down 0.2 percent. Small moves on the benchmark indices masked active trading in underlying stocks as earnings season gets...

  • SINGAPORE, July 26- Oil prices rebounded from over three-month lows on Tuesday, lifted by a drop in the dollar, but concerns of ongoing oversupply weighed on markets and many traders are raising their bets on further price falls. International Brent crude oil futures were trading at $44.89 per barrel at 0658 GMT, up 17 cents from their last close.