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  • ISLAMABAD, July 20- Whoever wins next week's election in Pakistan will have to urgently resolve a currency crisis that threatens to put the brakes on the fast-growing economy, with the most likely solution being another bailout from the International Monetary Fund. A sharp increase in oil prices- Pakistan imports about 80 percent of oil needs- has contributed...

  • LONDON, July 20- Acacia Mining reported a fall in first-half core earnings on Friday due to an impairment on a project and higher costs mainly stemming from arbitration with the Tanzanian government that pushed the company into a quarterly loss. The London- listed miner said earnings before interest, taxes, depreciation and amortization fell to $133.6 million,...

  • *Orders from U.S. -4.3 pct y/y; China +5.8 pct. TAIPEI, July 20- Taiwan's export orders in June shrank compared with a year earlier, contrary to expectations and raising a question of whether global trade protectionism is already hurting the trade-dependent economy. The decline- a big reversal from May's 11.7 percent rise- was the first since February, and that drop...

  • OAKDALE, Calif. _ Oak Valley Bancorp on Thursday reported second-quarter net income of $2.6 million. The bank, based in Oakdale, California, said it had earnings of 32 cents per share. Oak Valley Bancorp shares have increased 17 percent since the beginning of the year.

  • *Italy's FTSE MIB down 1 pct as political tensions weigh. Financials were the biggest drag as rising tensions in Italy's ruling party drove a selloff in the country's bonds. Italy's FTSE MIB fell 0.5 percent, underperforming peers as bond yields rose, weighing on banks which are big holders of Italian debt.

  • ZURICH, July 20- Rothschild Bank AG and one of its subsidiaries committed serious violations of anti-moneylaundering rules in relation to 1 MDB, the Malaysian sovereign wealth fund, Switzerland's financial regulator said on Friday. Rothschild Bank AG said it noted the regulator's comments and regretted the breaches that occurred. Rothschild Bank AG is part...

  • LONDON, July 20- The British pound steadied around the $1.30 mark on Friday as traders took stock at the end of a bruising week in which weak economic data and more political uncertainty around the government's Brexit position hammered sterling. The European Union on Thursday warned business to get ready for Britain crashing out of the bloc without agreed...

  • FRANKFURT, July 20- Airbus is making a fresh attempt to sell supplier PFW Aerospace, which it acquired in 2011 to avoid an insolvency of the maker of precision tubes and components, sources close to the matter said. After failing to sell the supplier in 2015, the sources said Airbus was poised to launch a new auction in the autumn for the company, which may be valued at...

  • *Northern Ireland is key Brexit stumbling bloc. BELFAST, July 20- British Prime Minister Theresa May on Friday was set to call on the European Union to strike a new deal to prevent a hard border in Northern Ireland and demand Brussels quickly respond to her' white paper' plan to avoid a damaging no-deal Brexit. In a speech due to be delivered in Belfast on Friday...

  • *HK-> Shanghai Connect daily quota used 1.2 pct, Shanghai-> HK daily quota used 5.3 pct. July 20- Hong Kong stocks ended higher on Friday, as a sharp rebound in mainland Chinese stocks lifted sentiment. **China's main Shanghai Composite index closed up 2.04 percent at 2,772.5454 points, while its blue-chip CSI300 index ended 1.89 percent firmer.

  • LONDON/ ROME, July 20- Italian bond yields rose and equities sold off on Friday after local media reported tensions within the coalition government and a newspaper interview with a lawmaker raised fresh concerns about Rome's commitment to the euro. According to a report in the newspaper Corriere della Sera, Claudio Borghi, Italy's head of the budget committee...

  • STOCKHOLM, July 20- Sweden's Telia Company announced a $1 billion deal to buy Bonnier Broadcasting on Friday, its second major acquisition in a week, as the top Nordic telecoms operator looks to expand its media business. Bonnier Broadcasting, owned by a prominent Swedish family, includes brands such as Swedish TV4 and streaming service C More and Finnish MTV.

  • *Kansai Electric, Osaka Gas square off amid liberalised markets. *Kansai Electric quickens pace of gas customer acquisitions in Q2. OSAKA, Japan, July 20- Retail power and gas heavyweights Kansai Electric Power and Osaka Gas are locked in a struggle for dominance in the Kansai region, whose economy is nearly the size of South Korea's and includes Osaka, the...

  • *Spot gold may test support at $1,204.45/ oz- technicals. Spot gold was trading at $1,224.55 an ounce at 0811. "Geopolitical tensions such as trade war are supporting gold to some extent but investors are still not ready to hedge their bets fully... they think the current situation is only a hiccup and things will smooth out after that," said Naeem Aslam,...

  • TAIPEI, July 20- Taiwan's export orders for June, released by the Ministry of Economic Affairs on Friday. The data is an indication of the strength of Asian exports and of global demand for technology. JUNE REUTERS POLL MAY Export orders -0.1 +5.90 +11.7 Export orders from China +5.8 +19.2 Export orders from U.S. -4.3 +8.3 Export orders from Europe -0.5 +5.1 Export...

  • LONDON, July 20- The dollar held below a one-year high on Friday after U.S. "The comments are more likely to, on the margin, stem flows into dollar assets given renewed uncertainty over the U.S. administrations dollar policy," ING strategists said. The People's Bank of China dropped the midpoint for a seventh straight trading day to 6.7671 per dollar on Friday, 605 pips...

  • *India is WhatsApp's biggest market with more than 200 mln users. MUMBAI/ BENGALURU, July 20- Facebook Inc's WhatsApp is rolling out a global test measure to rein in messages forwarded by users, the messaging app said, after the spread of rumours led to several killings in India and sparked calls for action from authorities. Violence triggered by incendiary false...

  • *Dubai's competitive advantage may be shrinking. *Graphic: Dubai stock market https://tmsnrt.rs/2L2RLUd. For over two decades, Dubai prospered as one of the world's most international cities, attracting people and capital from across the globe.

  • *Park caused loss in gov't funds, poll interference- court. 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...

  • BEIJING— China's central bank is allowing its tightly controlled currency to drift lower against the dollar, a move that could help Chinese exporters cope with U.S. tariff hikes but also might reignite an outflow of capital Beijing spent months trying to stanch. The slide comes amid a deepening U.S.-Chinese tariff fight that prompted suggestions Beijing...