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  • LONDON, Aug 18- European travel stocks fell sharply in early trading on Friday after a deadly attack in tourist hotspot Barcelona, with investors also increasingly concerned the Trump administration was fraying at the seams. As a global sell-off spread, the pan-European STOXX 600 was down 0.9 percent by 0725 GMT, with blue-chips down 1 percent, following falls...

  • SHANGHAI, Aug 18- China stocks were largely steady on Friday, with investor optimism over strong corporate earnings and economic fundamentals offsetting some pressure to take profits from recent gains. This is supported by a number of factors including strong data, MSCI inclusion and continued reform, "said Pan Shaochang, an analyst at Dongguan Securities.

  • *Barcelona van attack kills 13, wounds scores. *White House denies rumour Gary Cohn quitting. LONDON, Aug 18- Demand for highly-rated euro zone bonds increased on Friday as investors focused on a deadly attack by a suspected Islamist militant in Barcelona and the difficulties U.S.

  • MOSCOW, Aug 18- TMK, Russia's largest maker of steel pipes for the oil and gas industry, said on Friday its first-half core earnings, or EBITDA, rose 2 percent year on year and would rise further in the second half due to stronger sales in the United States. TMK's first-half net profit was down to $23 million from $71 million a year ago, while revenue rose 27 percent to...

  • SAN FRANCISCO, Aug 17- The ousted chief executive of Uber Technologies Inc rejected a lawsuit filed against him by one of the company's top investors as a "public and personal attack" without merit, according to court documents filed late on Thursday. Venture capital firm Benchmark Capital, which says it owns 13 percent of Uber and controls 20 percent of the voting...

  • BENGALURU, Aug 18- Gold rose for a third day on Friday amid weaker Asian stocks, with some investors gravitating towards safe-haven assets on political uncertainty in the United States and after a terrorist attack in Spain killed 13 people. Markets were further shaken as Spain mounted a sweeping anti-terror operation on Friday after a suspected Islamist...

  • *Asia showing signs of stronger demand in H2 2017. Brent crude futures, the international benchmark for oil prices, were at $51.12 per barrel at 0711 GMT, up 9 cents from their last close but still set for a weekly drop of some 2 percent. The Organization of the Petroleum Exporting Countries, together with non- OPEC producers like Russia, has pledged to restrict output...

  • The letter was prompted by a Reuters investigation last month that revealed how Philip Morris was deploying marketing tactics in India, some targeting young people, that officials said were illegal. The India unit of Philip Morris International did not respond to questions from Reuters. The health ministry also sent a letter to ITC Ltd, India's leading...

  • EXCLUSIVE- INDIA THREATENS' PUNITIVE ACTION' AGAINST PHILIP MORRIS INTERNATIONAL INC, ITC LTD OVER ALLEGED VIOLATION OF ANTI-SMOKING LAWS.

  • *Tokyo core CPI seen up 0.3 pct yr/yr in August. TOKYO, Aug 18- Japan's core consumer prices were expected to show their seventh straight month of annual increases in July, a Reuters poll found, offering the central bank some hope a strengthening economic recovery will gradually lift inflation toward its 2 percent target. The government will announce the consumer...

  • *Wall Street logs losses as U.S. political woes rattle investors. TOKYO, Aug 18- Japanese stocks fell to 3-1/ 2- month lows on Friday and posted a fifth weekly drop, hit by losses on Wall Street and a weaker dollar as doubts grow over whether President Donald Trump will be able to push through policies to boost U.S. economic growth. An attack in Spain added to the...

  • BEIJING, Aug 18- China's home price growth slowed in July, with Beijing declining for a second straight month, reinforcing expectations that property price growth may stagnate over the course of the year. As China's home price rises have generally been moderating and sales are slowing, analysts do not see a major risk of a sharp price fall or crash, given the...

  • *China frozen chicken imports worth more than $1 bln a year. Brazil accounted for more than 50 pct of broiler product supplies to China, the world's No. 2 poultry consumer, between 2013 and 2016, according to a preliminary review, the Commerce Ministry said in a statement. Brazil replaced the United States as the top supplier of chicken after China slapped...

  • *Lenovo loss $72 mln vs analyst f'cast of $5.29 mln profit. HONG KONG, Aug 18- Chinese personal computer maker Lenovo Group Ltd warned of higher costs and margin pressure due to shortages of components like memory chips, as it posted its first quarterly loss in almost two years on Friday. It was the company's first quarterly loss since September 2015 and lagged...

  • *Wall St groups, Nomura of Japan among those choosing Frankfurt. Frankfurt, along with Dublin, is emerging on top in the battle to draw highly-paid banking jobs- and the tax revenue that they bring- away from London before Britain's departure from the European Union in March 2019. Instead she relied on Volker Bouffier, prime minister of the state of Hesse where...

  • HONG KONG— Asian stocks sank Friday as global investor sentiment was battered by big losses on Wall Street amid U.S. political turmoil and a deadly van attack in Spain. KEEPING SCORE: Japan's benchmark Nikkei 225 index lost 1.2 percent to 19,468.05 and South Korea's Kospi shed 0.2 percent to 2,358.14. Network equipment maker Cisco Systems and data storage...

  • NEW DELHI— The CEO of India- based outsourcing and information technology company Infosys, Vishal Sikka, has resigned following differences with some founders of the company, including N.R. Narayana Murthy. The Infosys board of directors accepted Sikka's resignation and appointed U.B. Pravin Rao as interim CEO and managing director, a company statement said...

  • SAN FRANCISCO, Aug 17- The ousted chief executive of Uber Technologies Inc called a lawsuit filed against him by one of the company's top investors a "public and personal attack" without merit, according to court documents filed late on Thursday. Venture capital firm Benchmark Capital, which says it owns 13 percent of Uber and controls 20 percent of the voting...

  • *South Africa Reserve Bank to cut repo rate in Nov. JOHANNESBURG, Aug 18- South Africa's Reserve Bank is expected to cut interest rates again in November and possibly even September given the relatively tame inflation outlook, a Reuters poll found on Friday. The survey median shows South Africa rates cut by 25 basis points to 6.50 percent in November and then on...

  • *COO U.B. Pravin Rao named interim CEO, MD. Aug 18- Infosys Ltd, in a surprise announcement, said Vishal Sikka has resigned as CEO citing a stream of distractions and disruptions in recent months, pushing down shares of the second-largest Indian IT services firm almost 8 percent on Friday. U.B. Pravin Rao, Infosys' chief operating officer, was named interim managing...