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  • AMSTERDAM, July 22- Dutch health technology company Philips on Monday reported a better-than-expected 6% rise in comparable sales for the second quarter, helped by strong demand for its hospital equipment in China and the United States. "We had strong traction in emerging markets among them China, and that is set to continue. The company said the trade disputes...

  • AMSTERDAM, July 20- Carlos Ghosn has launched a court case in the Netherlands against Japanese carmakers Nissan Motor and Mitsubishi Motors, who ousted him as chairman of their alliance last year on charges of embezzlement, Dutch newspaper NRC reported on Saturday. "In the Netherlands, if you want to fire an executive you have to first tell him what he's being...

  • *Peru shipments to China increase. Spot prices for September delivery to Northeast Asia are estimated to be about $4.60 per million British thermal units, down 10 cents from last week, trade sources said. Traders are likely waiting for the European gas prices to come down before taking a position on LNG, a Singapore- based industry source said.

  • *Germany is ditching nuclear and coal in renewables switch. *Berlin says situation secure, power imports can give cushion. FRANKFURT, July 18- Germany, a poster child for responsible energy, is renouncing nuclear and coal.

  • President Donald Trump said on Thursday his administration has not ruled out imposing sanctions on Turkey over its purchase of a Russian air defense system. "It's a very, very difficult situation for a lot of reasons," he told reporters in the Oval office before a meeting with Prime Minister Mark Rutte of the Netherlands. "So we're looking at it.

  • The seal of the International Monetary Fund(IMF) is seen outside of the headquarters building in Washington, DC on April 8, 2019.

    The International Monetary Fund on Wednesday said that the U.S. dollar was overvalued by 6% to 12%, based on near-term economic fundamentals, while the euro, Japan's yen and China's yuan were seen as broadly in line with fundamentals.

  • WASHINGTON, July 17- The International Monetary Fund on Wednesday said that the U.S. dollar was overvalued by 6% to 12%, based on near-term economic fundamentals, while the euro, Japan's yen and China's yuan were seen as broadly in line with fundamentals. The Fund's External Sector Report- an annual assessment of currencies and external surpluses and deficits of...

  • The biggest percentage loser among European sectors was the oil and gas sector, down 1.14%, as energy heavyweights BP Total gave up more than 1% after U.S. crude trailed gains for international benchmark Brent on oversupply worries. President Donald Trump's trade war with China. In another sign that the conflict could be protracted, Trump said on Tuesday United...

  • WASHINGTON, July 16- U.S. retail sales increased more than expected in June, pointing to strong consumer spending, which could help to blunt some of the drag on the economy from weak business investment. Fed Chairman Jerome Powell last week told lawmakers the central bank would "act as appropriate" to protect the economy against risks stoked by a trade war between...

  • The plan is not yet finalised and still has to be approved by UAE authorities, such as the Abu Dhabi Supreme Petroleum Council, the sources said. This all fits into a drive by Sheikh Mohammed bin Zayed to turn the UAE into a regional leader, "one of the sources said. The UAE, the third-largest oil producer in the Organization of the Petroleum Exporting Countries, behind...

  • Gulf of Mexico platforms ahead of Hurricane Barry, the U.S. offshore drilling regulator said. There was 1.3 million barrels per day of oil production off line in the U.S.-regulated areas of the Gulf of Mexico on Monday, about 80,000 barrels less than on Sunday, according to the U.S. Bureau of Safety and Environmental Enforcement. Barry came ashore in central...

  • LONDON, July 15- Falling interest rates have fueled a fresh borrowing bonanza in the first quarter of 2019 with emerging market debt soaring to record highs and the global debt stock bulging by $3 trillion, an Institute of International Finance report showed. Debt-to-GDP ratios had risen at the fastest pace in Chile, Korea, Brazil, South Africa, Pakistan and China...

  • THE HAGUE, July 12- Prime Minister Mark Rutte said on Friday the Netherlands was pushing a strong candidate of its own to be new International Monetary Fund president- but declined to confirm who. Bank of England governor Mark Carney and World Bank number two Kristalina Gorgieva are other names in the mix. Dijsselbloem chaired the Eurogroup from 2013 until the...

  • LONDON, July 12- World shares came within a whisker of posting their first weekly loss since May on Friday and the dollar was down for a third day running, as even stronger than expected U.S. inflation failed to shake bets on Federal Reserve interest rate cuts. Data out of China showed that Beijing's exports fell in June as the United States ramped up trade pressure,...

  • July 12- European markets edged higher on Friday, lifted by financial and mining stocks, with uncertainty over a U.S.- China trade deal limiting gains fuelled by dovish signals from the Federal Reserve this week. Meanwhile, data out of China showed that Beijing's exports fell in June as the United States ramped up trade pressure, while imports shrank more than...

  • *IMF sees risks from trade tensions, Brexit, Italy. BRUSSELS, July 11- The euro zone economy faces rising risks stemming from trade tensions, Brexit and Italy, the International Monetary Fund said on Thursday in an annual report, where it also backed the European Central Bank's plans for fresh stimulus. It urged countries with large trade surpluses, including...

  • MOSCOW/ LONDON, July 11- U.S. crude exports are gaining traction in Europe as even Ukraine turns into a significant consumer of American barrels at the expense of Russian supplies amid heightened U.S. political pressure on Moscow and problems over contaminated Russian oil. Ukraine this month received its first ever barrels from the United States, according to...

  • HOUSTON, July 10- U.S. oil producers on Wednesday cut nearly a third of Gulf of Mexico crude output as what could be one of the first major storms of the Atlantic hurricane season threatened offshore oil production and began soaking Louisiana with heavy rains. As the potential hurricane, to be named Barry, approached Louisiana, Governor John Bel Edwards on...

  • HOUSTON, July 10- U.S. oil producers on Wednesday cut nearly a third of Gulf of Mexico crude output as what could be one of the first major storms of the Atlantic hurricane season threatened offshore oil production and began soaking Louisiana with heavy rains. Louisiana Governor John Bel Edwards on Wednesday declared a state of emergency, warning that up to 15...

  • *Von der Leyen backs climate goals, single market reforms. BRUSSELS, July 10- Germany's Ursula von der Leyen made her pitch to European Union lawmakers on Wednesday to become the next head of the bloc's executive, but her promises to fight climate change were not enough for Green deputies who vowed to vote against her. The powerful European Commission presidency,...