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  • LONDON, July 20- European shares tumbled on Friday as autos and banks stocks gave up their gains amid rising trade tensions which caused a selloff in the Chinese yuan and U.S. stock markets overnight. Financials were the biggest drag on the pan-European STOXX 600 as sentiment on U.S.- China relations soured, while investors bought sectors like healthcare and...

  • PARIS, July 20- Luxury handbag maker Hermes International expects first-half operating profits close to the record level reached last year, as Hermes posted solid second quarter sales that augured well for the rest of the luxury sector. Hermes's strong sales increase in China shows that demand for luxury goods in that country has remained resilient despite...

  • As trade activity thins over the summer months, analysts say investors are either parking their cash in safe-haven markets such as Germany or taking advantage of the lull in political news to invest in higher-yielding bonds such as Italy. The European Union is preparing a list of U.S. imports to hit if the United States imposes tariffs on EU cars.

  • SINGAPORE— Most Asian markets were higher on Friday despite signs that China and the U.S. were preparing to impose more tariffs on each other's products. KEEPING SCORE: Japan's Nikkei 225 bucked the regional trend, losing 0.3 percent to 22,697.88. South Korea's Kospi added 0.3 percent to 2,288.57.

  • DUBLIN, July 20- Ireland is open to the possibility of an alternative "backstop" deal between Britain and the EU to prevent a hard border in Northern Ireland so long as it is better than the EU's current proposal and is legally operable, its finance minister said. "The Irish government is very clear that the Irish backstop must be retained for any future agreement...

  • TOKYO, July 20- Crude prices rose on Friday, but were still set for a weekly drop on concerns about oversupply and the ongoing trade conflict between the United States and China, the world's two biggest oil users. Prices have been dragged down by worries about oversupply as some production returned after outages, while trade tensions between the United States and...

  • JAKARTA, July 20- Goldman Sachs has lost an Indonesian court appeal over whether it should return shares in property developer PT Hanson International Tbk to tycoon Benny Tjokrosaputro in a legal tussle over ownership. Tjokrosaputro, president director of Hanson International, had in a lawsuit sued the U.S. bank for 15 trillion rupiah, accusing it of making "...

  • BEIJING, July 20- A policy debate in China on how best to address slowing growth deepened on Friday, as analysts urged authorities to boost fiscal stimulus amid rising risks to the world's second-biggest economy from a bitter trade conflict with the United States. An article in Financial News, which is run by the People's Bank of China, quoted analysts as calling...

  • *Yuan's fall sparks worries about China's economy,. TOKYO, July 20- Japanese stocks ended weaker on Friday as an earlier decline in the Chinese yuan rekindled worries about the stability of the world's second largest economy, which faces rising risks from a major trade conflict with the United States. "Further falls in the yuan will heighten worries about capital...

  • *ECJ to decide on extent of Europe's strict GMO rules. LONDON, July 20- Gene editing in agriculture takes centre stage next Wednesday when Europe's highest court rules in a case that could determine the fate of the technology that is already making waves in the field of medicine. The European Union has long restricted the use of genetically modified organisms...

  • *China state banks seen buying yuan after its fall to 1- yr low. TOKYO, July 20- Asian shares pushed higher on Friday, clawing back earlier losses in volatile trade as China's stocks recovered sharply and the yuan bounced from a one-year low with market participants suspecting state support for the currency. Spreadbetters expected European stocks to open lower,...

  • SEOUL, July 20- A South Korean court sentenced former president Park Geun-hye to eight more years in prison on Friday after finding her guilty on charges of causing loss of government funds and interfering in a 2016 parliamentary election. Park became South Korea's first democratically elected leader to be forced from office last year when the...

  • BERLIN, July 20- United States tariffs on imported cars would slash around 6 billion euros off German economic output, the president of Germany's DIHK Chambers of Commerce told German television on Friday. DIHK President Eric Schweitzer said on ZDF television that he took Trump's threats "very seriously" and added such tariffs would be "against international...

  • SHANGHAI, July 20- China's yuan bounced back from more than one-year lows against the U.S. dollar on Friday afternoon, after traders said major state banks sold dollars to prop up the fragile Chinese currency which has been roiled by a bitter Sino-U.S. trade conflict. The People's Bank of China lowered its yuan midpoint for the seventh straight trading day to...

  • PARIS, July 20- Luxury handbag maker Hermes International reported that sales in the second quarter had grown faster than in the previous three-months, lifted by strong demand in China. The maker of Birkin handbags, which are worth more than a small car, said sales revenue rose 7.2 percent to 1.46 billion euros for the three months through June.

  • PARIS, July 20- French spirits group Remy Cointreau kept its full year profit growth goal on Friday, although sales growth slowed in the first quarter as price increases held back demand for its premium cognac in America and Europe. The maker of Remy Martin cognac and Cointreau liquor said it expected the situation to normalize in the coming quarters, while...

  • FARNBOROUGH, England, July 19- Airbus is stockpiling parts in case of a hard Brexit and Rolls-Royce is months away from doing so. But for smaller aerospace companies that supply them, Britain's departure from the EU could be much more challenging. The largest aerospace sector in Europe and second in the world behind the United States, the British industry...

  • Trump invites Putin to Washington despite U.S. uproar over Helsinki summit. WASHINGTON- President Donald Trump has invited Russian President Vladimir Putin to Washington this autumn, the White House said on Thursday, a daring rebuttal to the torrent of criticism in the United States over Trumps failure to publicly confront Putin at their first summit for...

  • SEOUL, July 20- A South Korean court sentenced former president Park Geun-hye to eight more years in prison on Friday after finding her guilty on charges of causing loss of government funds and interfering in a 2016 parliamentary election. The Seoul Central District Court ruled that Park, who has already received a 24- year jail term over separate corruption...

  • KUALA LUMPUR, July 20- Malaysia will release on July 30 a long-awaited report into the disappearance of Malaysia Airlines flight MH370, the transport minister said on Friday. In May, Malaysia called off a privately-funded underwater search for the aircraft, which became one of the world's greatest aviation mysteries when it vanished with 239 aboard en route to...