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  • OSLO, Aug 22- Norway's sovereign wealth fund, the world's largest, reaped a record 499 billion Norwegian crowns from its investments in the first half of the year on the back of rising stock markets, it said on Tuesday. The fund, which generated a return of 6.5 percent on its global assets in the first six months of the year, invests revenue from Norway's oil and gas...

  • Aug 22- U.S. beauty products maker Coty Inc narrowed its quarterly loss and reported sales that more than doubled, powered by the acquisition of Procter& Gamble brands. Net loss attributable to Coty Inc was $304.8 million, or 41 cents per share, in the fourth quarter ended June 30 compared with a loss of $422.2 million, or 66 cents per share, a year earlier.

  • The state-owned IRAN newspaper quoted Mohammad Javad Azari Jahromi on Tuesday as saying Twitter has "officially announced readiness to talk with Iran for resolving the problems." Iran blocked the site, along with Facebook and YouTube, after mass protests and violence over the 2009 re-election of hard-line President Mahmoud Ahmadinejad.

  • The company also narrowed its full-year revenue forecast range to $5.6 billion- $6.0 billion from $5.4 billion- $6.1 billion. The company also raised the lower end of its full-year forecast for average price of homes sold to $800,000 from $775,000, while keeping the upper end unchanged at $825,000. The homebuilder said its net income rose to $148.6 million, or 87...

  • HAMBURG, Aug 22- U.S. corn prices rose on Tuesday, rebounding from a near one-year low hit on Monday, as reports of disappointing U.S. harvest yields from a widely-watched crop tour raised concern that production will not match official estimates. Chicago Board of Trade December corn was up 0.2 percent at $3.63-3/ 4 a bushel at 1014 GMT, after dropping to $3.60-3/ 4 on...

  • LISBON, Portugal— A trade union representing inspectors at Portugal's immigration service says a strike planned for Thursday and Friday is going ahead after the government gave no response to its demands for more staff and resources. The 48- hour walkout is expected to cause lengthy waiting lines at airport passport controls, though the inspectors are...

  • President Donald Trump, in an interview with Reuters in April, had branded the bilateral trade agreement with South Korea a "horrible deal" and indicated he would renegotiate or terminate the accord. Kim said Seoul had stressed that the U.S. trade deficit with South Korea was not the result of the bilateral trade deal and proposed a joint study to examine the...

  • SEOUL, South Korea— South Korea's top trade negotiator says Seoul will not discuss renegotiation of the free trade agreement with the U.S. without first looking into what is really causing the trade imbalance. Trade Minister Kim Hyung- chong said Tuesday that Seoul proposed that Washington jointly study and evaluate the impact of the 5- year-old bilateral...

  • *Hungary expected to keep rates steady. LONDON, Aug 22- Emerging markets, one of 2017' s best-performing asset classes, advanced again on Tuesday as stocks climbed back towards three-year highs and a rally in metals markets helped Chile's peso to lead gains by currencies. MSCI's benchmark emerging stocks index gained 0.5 percent with advances in Hong Kong, China,...

  • But the department ultimately ruled it was unnecessary, and the White House agreed, a spokeswoman said. Trump committed to the measure in private conversations with executives from Murray Energy Corp. and FirstEnergy Solutions Corp. after public events in July and early August, according to letters to the White House from Murray Energy and its chief...

  • NAIROBI, Aug 22- Equity Group Holdings, one of Kenya's top lenders by assets, reported a drop in first-half pretax profit, blaming a fall in interest income after the government capped rates. Equity said on Tuesday that its pretax profit fell 6.6 percent to 13.29 billion shillings in January-June as the impact of the rate cap was compounded by a drought, high...

  • BEIJING, Aug 22- China's central bank said on Tuesday that the rollover of special treasury bonds will not affect financial markets and banking sector liquidity. The central bank will buy the special treasury bonds from the secondary market, the People's Bank of China said in an online statement, adding that the special treasury bonds will not affect the...

  • HORSHAM, Pa. _ Toll Brothers Inc. on Tuesday reported fiscal third-quarter profit of $148.6 million. Toll Brothers expects full-year revenue in the range of $5.6 billion to $6 billion. Toll Brothers shares have climbed 23 percent since the beginning of the year.

  • UPPER DARBY, Pa.— The Latest on the crash of a commuter train in suburban Philadelphia:. Agency spokeswoman Heather Redfern says 42 people were injured in the Tuesday morning crash at the 69th Street Terminal in Upper Darby. The inbound Norristown High Speed train crashed into an unoccupied, parked train at the 69th Street Terminal in Upper Darby around...

  • Aug 22- U.S.luxury homebuilder Toll Brothers Inc reported a 40.8 percent rise in quarterly profit, helped by strong demand for its homes in an improving job market. The company said its net income rose to $148.6 million, or 87 cents per share, in the third quarter ended July 31 from $105.5 million, or 61 cents per share, a year earlier. Revenue rose 18.3 percent to $1.50...

  • *Brand will sell all-electric vehicles in China. *Ford's sales are down 7 pct in China this year. SHANGHAI, Aug 22- Ford Motor is exploring setting up a joint venture with Chinese firm Anhui Zotye Automobile Co to build electric passenger vehicles in China under a new brand, tapping into a boom for such vehicles in the world's top auto market.

  • BUDAPEST, Aug 22- The forint touched its weakest levels this week against the euro on Tuesday before a central bank rate meeting which some market players expect to call for a weaker currency. While most Central European currencies remained rangebound, the forint eased 0.2 percent versus the single currency, to trade at 303.85 at 0837 GMT, still near its...

  • BEIJING— Ford Motor Co. and a Chinese automaker said Tuesday they are looking into setting up a joint venture to develop and manufacture electric cars in China. Ford's potential venture with Anhui Zotye Automobile Co. adds to the global auto industry's rising activity in electric vehicles for China, which passed the United States last year as the biggest...

  • *Investors watching U.S. military drills with South Korea. LONDON, Aug 22- Gold prices fell on Tuesday, under pressure from a stronger dollar ahead of an annual meeting of central bankers this week, while speculative buying pushed palladium to its highest since February 2001. Investors are waiting for speeches from European Central Bank President Mario Draghi...

  • *Brand will sell all-electric vehicles in China. *Ford's sales are down 7 pct in China this year. SHANGHAI, Aug 22- Ford Motor is exploring setting up a joint venture with Chinese firm Anhui Zotye Automobile Co to build electric passenger vehicles in China under a new brand, tapping into a boom for such vehicles in the world's top auto market.