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  • NAIROBI, July 18- Kenya will launch its international financial centre in the capital Nairobi later this year to attract large foreign financial firms and boost capital flows, its finance minister said on Wednesday. The government of East Africa's biggest economy has been working with Qatar since 2014 to build a financial centre in Nairobi that mirrors...

  • NAIROBI, July 18- Kenya will launch its international financial center in the capital Nairobi later this year to attract large foreign financial firms and boost capital flows, its finance minister said on Wednesday. The government of East Africa's biggest economy has been working with Qatar since 2014 to build a financial center in Nairobi that mirrors...

  • BRUSSELS, July 18- EU regulators hit Google with a record 4.34 billion euros antitrust fine on Wednesday for using its Android mobile operating system to squeeze out rivals. The penalty is nearly double the previous record of 2.4 billion euros which the U.S. tech company was ordered to pay last year over its online shopping search service. But it could add to a...

  • FARNBOROUGH, England, July 18- The Farnborough Airshow is typically one of the world's most publicity-focused business events, with plane giants and airline entrepreneurs battling to win headlines for striking big deals under the roar of aerobatic plane displays. Chief Commercial Officer Eric Schulz linked the reticence to global trade tensions, telling...

  • *Core inflation sinks to lowest since March 2017. LONDON, July 18- British inflation unexpectedly held steady last month, denting market confidence about a Bank of England interest rate hike next month and sending sterling to a 10- month low against the dollar. Despite motor fuel prices rising to their highest since 2014, annual consumer price inflation held in...

  • MILAN, July 18- The cost of using Italian bonds to raise funds rose on Wednesday after clearing house LCH increased the margin on debt from the euro zone's third largest economy to reflect higher volatility. Italian bonds have faced pressure since anti-establishment parties joined forces in May and formed a coalition government following an inconclusive...

  • *Wheat at highest since July 10 on EU, Black Sea crop worries. PARIS/ SINGAPORE, July 18- Chicago grain futures extended gains on Wednesday to their highest in about a week as lower-than-expected crop ratings for U.S. corn and soybeans and deteriorating prospects for European wheat harvests kept attention on weather risks. The most active wheat contract on the...

  • NEW YORK— Morgan Stanley says second-quarter net income totaled $2.44 billion. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.08 per share. Morgan Stanley shares have dropped slightly more than 6 percent since the beginning of the year, while the Standard& Poor's 500 index has risen 5 percent.

  • Net revenue from the bank's sales and trading business rose 18 percent to $3.76 billion, with fixed income and equity trading businesses recording gains of 12 percent and 15 percent. Net income applicable to Morgan Stanley's shareholders rose 43 percent to $2.27 billion in the quarter ended June 30. On an adjusted basis, the bank earned $1.25 per share, beating...

  • Wall Street's jump back above the psychologically significant 2,600- point mark was also keeping Europe's spirits up ahead of another packed day of earnings and data in the United States. London's FTSE rose 0.5 percent as the pound continued to suffer the Brexit blues, while Germany's DAX climbed to a one-month high on hopes the European Union and U.S. will cut...

  • BRUSSELS, July 18- Google said it will appeal against a record 4.34- billion-euro fine levied by EU antitrust regulators on Wednesday over illegal restrictions on Android smartphone makers and mobile network operators. "Android has created more choice for everyone, not less," Google spokesman Al Verney said. "A vibrant ecosystem, rapid innovation and lower...

  • BRUSSELS, July 18- Google said it will appeal against a record 4.34- billion-euro fine levied by EU antitrust regulators on Wednesday over illegal restrictions on Android smartphone makers and mobile network operators. "Android has created more choice for everyone, not less," Google spokesman Al Verney said. "A vibrant ecosystem, rapid innovation and lower...

  • BRUSSELS, July 18- Google said it will appeal against a record 4.34- billion-euro fine levied by EU antitrust regulators on Wednesday over illegal restrictions on Android smartphone makers and mobile network operators. "Android has created more choice for everyone, not less," Google spokesman Al Verney said. "A vibrant ecosystem, rapid innovation and lower...

  • July 18- Aerospace firms are setting out wares from luxury jets to lethal drones at back-to-back British air shows this week, hoping trade tensions will not deter airlines from buying jetliners even as geopolitical uncertainty allows them to sell more weapons. >VietJet signs $13 bln deal for 100 Boeing jets 1/ 8. >Japan's MRJ faces dogfight with sector giants.

  • BRUSSELS, July 18- EU regulators hit Google with a record 4.34 billion euros antitrust fine on Wednesday for using its Android mobile operating system to squeeze out rivals. But it could add to a brewing trade war between Brussels and Washington. President Donald Trump at the White House next Wednesday in an effort to avert threatened new tariffs on EU cars amid...

  • SEOUL, July 18- South Korea's LG Chem plans to invest about 2 trillion won to build its second electric car battery plant in China to meet growing demand, a company spokesman said on Wednesday. LG will break ground on the new factory in October and expects to begin production in October 2019. It plans to boost capacity by 2023 at the factory, which like its current...

  • LONDON, July 18- Uber Technologies has hired an ex-adviser to former British prime minister David Cameron to lead the ride-hailing firm's lobbying efforts in northern Europe, less than a month after the company won a reprieve to operate in London. The U.S. company has appointed Adam Atashzai as its head of policy for northern Europe, which includes the UK and...

  • BRUSSELS, July 18- Alphabet unit Google was hit with a record-breaking 4.34 billion euro fine on Wednesday, topping the 2.4 billion euros it was ordered to pay in another case last year. 18 July 2018- EU antitrust regulators hand down a 4.34 billion euro fine to Google after a three-year long investigation. 27 June 2017- EU fines Google 2.4 billion euros for...

  • BRUSSELS, July 18- Alphabet unit Google was hit with a record-breaking 4.34 billion euro fine on Wednesday, topping the 2.4 billion euros it was ordered to pay in another case last year. 18 July 2018- EU antitrust regulators hand down a 4.34 billion euro fine to Google after a three-year long investigation. 27 June 2017- EU fines Google 2.4 billion euros for...

  • Brent fell 93 cents to a low of $71.23 a barrel, its weakest since April 17, before recovering to around $71.70 by 1100 GMT. U.S. light crude was down 55 cents at $67.53, not far off Tuesday's one-month low of $67.03 per barrel. Oil markets have fallen over the last week as Saudi Arabia and other members of the Organization of the Petroleum Exporting Countries and...