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  • LONDON, July 28- Oil prices steadied just above three-month lows on Thursday as producers continued to pump more than needed, filling inventories, and economic growth prospects darkened. Brent crude oil was down 10 cents at $43.37 by 0750 GMT. "U.S. commercial stocks are a good reflection of the oversupplied nature of the global oil market," said Tamas Varga, lead oil...

  • BEIJING, July 28- The outstanding amount of China's dollar-denominated Qualified Foreign Institutional Investor program rose to $81.38 billion at the end of July, from $81.18 billion at the end of June, the foreign exchange regulator said on Thursday.

  • LONDON, July 28- The dollar fell against the yen on Thursday as expectations faded of the Bank of Japan delivering the radical stimulus package some had expected this week, and after the U.S. Japan's prime minister unveiled a surprisingly large 28 trillion yen stimulus package on Wednesday, putting pressure on the central bank to match it with aggressive...

  • SEOUL, South Korea— LG Electronics Inc. says its second-quarter net income jumped 19 percent thanks to strong sales of high-end TVs and home appliances that outweighed another quarterly loss in its handset business. The South Korean company said Thursday its April-June earnings came in at 268.51 billion won, on sales of 14 trillion won. LG said its TV and home...

  • *Q2 net profit 170 Sfr vs Rtrs poll avg loss 192 mln Sfr. ZURICH, July 28- Credit Suisse posted a surprise second-quarter net profit, confounding expectations for a third straight quarterly loss and giving a major boost to Chief Executive Tidjane Thiam's efforts to restructure Switzerland's second-biggest bank. The net profit of 170 million francs was well down...

  • LONDON— Lloyds Banking Group says it is cutting 3,000 more jobs and closing an additional 200 branches as it adjusts to changing consumer behavior and the uncertainty created by Britain's decision to leave the European Union. The announcement Thursday comes despite what CEO Antonio Horta-Osorio described as "robust" underlying profit of 2.1 billion pounds...

  • *China official PMI due for release on Sunday. MELBOURNE, July 28- London copper climbed away from its lowest in nearly a fortnight on Thursday as the dollar fell after the U.S. said Chief Investment Officer Jonathan Barratt of Ayers Alliance in Sydney. "

  • LONDON, July 28- Anglo American said on Thursday net debt had fallen and that an aggressive cost-cutting and asset sale strategy was on track, although the second half of the year is likely to be challenging. Of the big miners, Anglo American has been one of the worst hit by a plunge in commodity markets following weaker than expected demand in top consumer China.

  • In their suites at the Ritz Carlton hotel, where many are staying during this week's Democratic convention, and at its auxiliary swanky parties, the supporters of Hillary Clinton are sounding the alarm about Trump's break with decades of presidential campaign tradition. Moishe Mana, a top fundraiser for Clinton, has offered to give $1 million to the charity of...

  • LONDON, July 28- Shockwaves from Britain's vote to leave the European Union are reverberating through the economy, with surveys published on Thursday showing a dive in consumer confidence and a slowdown in construction. Preparing for a Brexit-related slowdown, Lloyds Banking Group said it would cut 3,000 jobs and one of Britain's biggest car dealerships,...

  • LONDON, July 28- European shares retreated on Thursday, weighed down by some weak corporate updates out from the likes of Dialog Semiconductor and oil major Royal Dutch Shell. Shares in British bank Lloyds also fell 3.4 percent after Lloyds warned of a likely drop in demand caused by Britain's vote to quit the European Union and added it would accelerate its...

  • *Adani Group building India's first transshipment port. *India expects to save millions of dollars in detour costs. New Delhi will grant billionaire Gautam Adani 16 billion rupees so-called "viability gap" funding to help the new port at Vizhinjam, on India's southern tip, win business from established hubs elsewhere in Asia.

  • *Current cost of supplies of $1 bln miss analysts' estimates. LONDON, July 28- Royal Dutch Shell reported a more than 70 percent fall in quarterly profit on Thursday, well below analyst estimates, blaming weak oil prices, poor refining profits and higher charges resulting from its $54 billion acquisition of BG Group. Shell's current cost of supplies-- its definition...

  • *Shares up 5.5 pct at 0710 GMT, after initial 1.7 pct fall. LONDON, July 28- British travel company Thomas Cook cut its full-year profit target on Thursday as the Brexit-induced collapse in the pound, attacks in Europe and a failed coup in Turkey forced customers to change holiday plans. Thomas Cook, which has been particularly affected by the problems in the...

  • *Spain's Repsol bucks trend and raises profits. Brent crude futures hit a high of $43.72 a barrel on Thursday but then fell to $43.47 at 0707 GMT, flat from their previous close. West Texas Intermediate crude was at $41.94, still up 2 cents from its last close but down from a high of $42.18 earlier in the day.

  • TOKYO— SoftBank Group Corp., the Japanese technology company that owns U.S. wireless carrier Sprint Corp., reported Thursday a fiscal first quarter profit of 254.2 billion yen, up 19 percent from the same period last year. Healthy telecommunications operations in Japan offset losses at Sprint, helping lift quarterly sales 3 percent to 2.13 trillion yen.

  • SHANGHAI, July 28- China stocks closed up on Thursday as rises in auto stocks and industrials offset declines in financials resulting from news of a pending crackdown on stock investments by China's massive wealth management industry.

  • LONDON— Anglo-Swedish drugmaker AstraZeneca says second-quarter earnings fell 22 percent after sales of its blockbuster cholesterol drug Crestor dropped sharply after a generic alternative came on the market in the United States. Core operating profit, which excludes one-time items such as restructuring costs and impairments, dropped to $1.41 billion...

  • LONDON, July 28- British engineering company Rolls-Royce stuck to its prediction that profit would improve in the second-half of the year, as it said its turnaround plan would deliver cost-cuts at the top end of a guided range. Its shares rose 5.7 percent on the news. On a reported basis, Rolls was forced to take an almost 2 billion pound non-cash write-down related...

  • *Q2 core EPS 83 cents vs consensus 84 cents. Core earnings per share, which exclude some items, fell 31 percent to 83 cents as revenue slid 11 percent to $5.60 billion, following the arrival of the first copies of Crestor in the United States in May. Industry analysts had on average forecast quarterly revenue of $5.58 billion and earnings of 84 cents a share, according...