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  • June 21- California- based bicycle sharing service Lime said it will launch a fleet of dock-free electric scooters in Paris starting June 22. In December last year, Lime said it was expanding into the European market by introducing services in Frankfurt and Zurich. Paris has been a test bed for new mobility solutions in the past few years, with several foreign...

  • DUSHANBE, June 21- Tajikistan has chosen not to borrow from the World Bank to finance the construction of the Rogun hydroelectric power plant, a bank executive told Reuters. Cyrill Muller, World Bank vice president for Europe and Central Asia, said in an interview on the sidelines of a water management conference in Dushanbe that the bank would instead focus on...

  • COPENHAGEN, June 21- Novo Nordisk's experimental diabetes pill, which it hopes will transform the diabetes market, has proved superior to both Merck& Co's Januvia and its own best-selling injectable treatment Victoza in tests. The once-daily pill belongs to a blockbuster class of treatments known as GLP-1s that stimulate insulin production, the first of...

  • WELLINGTON, June 21- The European Union is ready to engage with the United States to solve a trade row triggered by its decision to impose tariffs on European metals, E.U. Trade Commissioner Cecilia Malmstrom said on Thursday. Describing the U.S. tariffs as "illegal" and contravening World Trade Organization rules, Malmstrom said there was no choice but to take...

  • NEW YORK/ RIYADH, June 21- Saudi Arabia's stock exchange will work with stakeholders to ensure the substantial inflows of capital it is expecting in the coming months will not adversely affect the market, the bourse's chief executive said on Wednesday. MSCI's decision comes three months after another index provider, FTSE Russell, also gave Saudi Arabia...

  • PARIS, June 21- A leading French industrialist has urged France and Britain to preserve co-operation in the defense industry despite Britain's departure from the European Union next year. The comments come amid growing signs of a rift between Britain and the rest of Europe in defense and security as Britain is excluded from work on the Galileo satellite...

  • PARIS, June 21- A leading French industrialist has urged France and Britain to preserve co-operation in the defence industry despite Britain's departure from the European Union next year. The comments come amid growing signs of a rift between Britain and the rest of Europe in defence and security as Britain is excluded from work on the Galileo satellite...

  • *Shanghai stocks end lower, blue-chip CSI300 index down. *Gains in Shanghai stocks led by Nanjing Inform Storage Equipment Group Co Ltd and losses by NINGBO BIRD Co Ltd. SHANGHAI, June 21- China stocks shed early gains to end lower on Thursday, with the benchmark Shanghai index closing at a two-year low, as caution prevailed amid lingering worries over Sino-U.S....

  • SHANGHAI, June 21- China's yuan extended its losses against the U.S. dollar on Thursday afternoon, erasing all the gains it made so far this year, weighed down by broad strength in the greenback. As of 0707 GMT, the onshore spot was at 6.5045. Its offshore counterpart was also on a weakening trend and was traded at 6.5112 as of 0707 GMT.

  • MUNICH, June 21- German reinsurer Munich Re is in talks to sell its asset management division to U.S. fund manager Guggenheim Partners, a person familiar with the matter said on Thursday. Munich Ergo Asset Management GmbH has 250 billion euros in assets under management. The Wall Street Journal first reported the talks.

  • DUBAI, June 21- Saudi stocks rose on Thursday after the kingdom's bourse was granted inclusion by MSCI into the index provider's emerging markets benchmark. The Tadawul All-Share Index was up 0.3 percent at the opening bell in Riyadh, stock market data shows. Analysts estimate inclusion in MSCI's benchmark could lead to as much as $45 billion of new capital...

  • *Spot gold may drop to $1,258/ oz- technicals. It hit its lowest since Dec. 20 at $1,261.36 earlier, having lost about 3 percent over the last five sessions. The dollar held near an 11- month high against a basket of currencies on Thursday, supported by a rise in U.S. yields, while the pound was at its lowest level since November 2017 ahead of a Bank of England monetary...

  • June 21- China's fracking support industry has grown rapidly over the past decade and now makes everything from fracking trucks and pumps to proppants, while local service providers are learning to match global rivals like Schlumberger and Baker Hughes. China's shale gas reserves are buried deeper, more scattered and in more mountainous terrain than in the...

  • TOKYO, June 21- Japan's Nikkei share average rose on Thursday as concerns over China-U.S. trade issues that hit markets early this week appeared to recede, while technology stocks rallied on the back of Nasdaq's strong performance. Total dividend payments in the last two weeks of June were estimated at 4.5 trillion yen. U.S. and China would be both hurt if they keep...

  • CHONGQING, China, June 21- On a flattened mountaintop a two-and-half-hour drive south of Chongqing in southwest China, a fleet of towering, red fracking trucks pumps chemicals and sand into a 1,500- meter horizontal well deep under the ground. The equipment was designed and built by China's state-owned energy major Sinopec, the result of a decades-long...

  • JOHANNESBURG, June 21- South Africa's rand retreated early on Thursday before the release of first-quarter current account data, giving back the previous session's gains as global concern over a simmering trade war resumed. * "We believe the risk-on phase of the last two years is over," said strategists at Nedbank Newels Heyneke and Mehul Daya in a note.

  • WELLINGTON, June 21- The European Union is ready to engage with the United States to solve a trade row triggered by its decision to impose tariffs on European metals, E.U. Describing the U.S. tariffs as "illegal" and contravening World Trade Organization rules, Malmstrom said there was no option but to take retaliatory action to protect European interests and jobs.

  • BEIJING/ CHICAGO, June 21- U.S. producers of pork, already saddled with duties enacted in an earlier round of the escalating trade dispute with China, are bracing for further pain after Beijing hit the products with additional tariffs due to come into effect next month. China implemented a 25 percent duty on most U.S. pork items on April 2, and a 15 percent tariff on a...

  • TOKYO— Asian stock markets were mixed Thursday amid fading concern over the trade tensions between the U.S. and China. KEEPING SCORE: Japan's benchmark Nikkei 225 index finished up 0.6 percent at 22,693.04, and Australia's S&P/ASX 200 climbed 1.0 percent to 6,232.10. Hong Kong's Hang Seng and the Shanghai Composite also fell, Hong Kong by 1.1 percent to...

  • PARIS, June 21- French industrial morale remained at the same level in June compared to the previous month, although the reading was better than expected, offering some respite after other economic data showing a slowdown in the euro zone's second biggest economy. France's official INSEE national statistics office said its measure of morale in the industrial...