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  • BERLIN, July 19- A self-styled " Global Business Coalition" of industry groups has urged the Group of 20 leading economies to counter threats to global free trade. President Donald Trump is taking a more aggressive, protectionist posture on trade than his recent predecessors that has sparked retaliatory measures from the European Union, Mexico and Canada.

  • LONDON, July 18- Azerbaijan's Socar is refocusing its trading arm's activities on LNG and its new Turkish refinery while winding down less profitable trades as it feels the sting of weak profits, sources familiar with the matter said. Geneva- based Socar Trading also was stung, costing its chief executive Arzu Azimov his job. At the end of May, executive chairman...

  • PARIS, July 19- Volvo Cars is shifting XC60 SUV production for the U.S. market to Europe from China to avoid Washington's new tariffs on Chinese imports, the Swedish carmaker said. Volvo, owned by China's Geely, currently builds the compact XC60 in Sweden for European customers and in China for other markets including the United States. "We will of course reshuffle...

  • MILAN, July 19- Fiat Chrysler CEO Sergio Marchionne, who is recovering from a shoulder operation, may not be present to discuss the company's second-quarter earnings with analysts on July 25, Italian website Lettera43 said, without attributing the information. Fiat Chrysler declined to comment. Marchionne underwent an operation to his right shoulder, the...

  • LONDON, July 19- Consumer goods maker Unilever reported lower-than-expected second-quarter sales on Thursday, hurt by a Brazilian transport strike and weak pricing. First-half turnover excluding spreads fell 4.8 percent to 24.9 billion euros, hurt by currency fluctuations. Chief Financial Officer Graeme Pitkethly told Reuters the pricing outlook...

  • *Compliance with OPEC cuts has declined- sources. TOKYO, July 19- Oil prices dropped on Thursday after official data showed an unexpected rise in U.S. crude stockpiles and as U.S. output scaled record levels. Brent crude futures had fallen 21 cents, or 0.3 percent, to $72.69 a barrel by 0615 GMT.

  • *China markets lag, yuan hits 1- year low on tariff issues. TOKYO, July 19- Asian shares on Thursday struggled to hold earlier gains made after upbeat Wall Street earnings, as trade war jitters rattled China's stock and currency markets, with the yuan hitting fresh one-year lows. European shares are expected to open steady to slightly lower, with spread-betters...

  • LONDON, July 19- British engineer Babcock lowered its full-year revenue growth target on Thursday as a government review of spending on the delivery of submarines hit its marine division. The combination of the disposals and marine slowdown prompted Babcock, a FTSE 250 company with a market value of 4.1 billion pounds, to say it now expected to see "low single...

  • LONDON, July 19- Consumer goods maker Unilever reported lower-than-expected second quarter sales on Thursday, hurt by a Brazilian transport strike and weak pricing. The Anglo-Dutch maker of Ben& Jerry's ice cream, Dove soap and Hellmann's mayonnaise said underlying sales rose 1.9 percent, excluding the recently divested spreads business.

  • LONDON, July 19- British engineer Babcock lowered its full-year revenue growth target on Thursday due to a temporary slowdown in its defense and marine work. Babcock, which provides specialist support and services to groups including Britain's defense ministry, said it now expected to see low single digit underlying revenue growth for the full year, compared...

  • TAIPEI, July 19- Taiwan Semiconductor Manufacturing Co Ltd, the world's largest contract chipmaker, on Thursday reported second-quarter profit in line with analysts' expectations, driven by robust demand for smartphones. Revenue rose 11 percent to US $7.85 billion, compared with the US $7.8 billion to US $7.9 billion range TSMC forecast in April.

  • LONDON, July 19- Consumer goods maker Unilever reported lower-than-expected second quarter sales on Thursday, hurt by a Brazilian transport strike and weak pricing. The Anglo-Dutch maker of Ben& Jerry's ice cream, Dove soap and Hellmann's mayonnaise said underlying sales rose 1.9 percent, excluding the recently divested spreads business.

  • TAIPEI, July 19- Taiwan Semiconductor Manufacturing Co Ltd, the world's largest contract chipmaker, on Thursday reported second-quarter profit in line with analysts' expectations, driven by robust demand for smartphones. Revenue rose 11 percent to US $7.85 billion, compared with the US $7.8 billion to US $7.9 billion range TSMC forecast in April.

  • TOKYO, July 19- Prices of super-long Japanese government bonds edged higher on Thursday, drawing support from the central bank's regular debt-buying operation. The BOJ on Thursday offered to buy 60 billion yen of 25- to 40- year JGBs, down from 70 billion yen at the previous operation last week. The central bank also trimmed the amount of 10- to 25- year JGBs it...

  • TOKYO— Chinese mobile service giant Didi Chuxing and Tokyo- based SoftBank Corp. have set up a joint venture for taxi-hailing in Japan. The companies announced the plan Thursday for a service that will use artificial intelligence and data analysis on a technology platform available for free to all taxi companies in Japan. Didi President Jean Liu told...

  • July 19- UK investigators believe they have identified the suspected perpetrators behind the Novichok nerve agent attack on the Skripals, the Press Association reported on Thursday. British police officers suspect several Russians were involved in the attempted murder of the Skripals and are looking for more than one suspect, the Press Association...

  • TAIPEI, July 19- Taiwan Semiconductor Manufacturing Co Ltd, the world's largest contract chipmaker, on Thursday said second-quarter net profit rose 9 percent, in line with market forecasts. TSMC, whose clients include U.S. technology firm Apple Inc, said April-June profit reached T $72.29 billion. Revenue rose 11 percent to US $7.85 billion, compared with the US...

  • SYDNEY, July 19- Australian home entertainment installer Paul Boon has relied for years on Amazon.com Inc's U.S. website for cheap wall racks and other parts to keep his costs down. He's considering a switch to eBay Inc, adding that prices for wall mounts were 40 percent higher on Amazon's Australia site if they appeared there at all. "I'll be going somewhere else to...

  • *Petrochem giant SABIC has market cap of $102.7 bln. DUBAI, July 19- Saudi Aramco said on Thursday it is looking to buy a stake in Saudi petrochemical maker SABIC, a move that could boost the state oil giant's market valuation ahead of a planned initial public offering. Aramco said in a statement that it was in "very early-stage discussions" with the kingdom's Public...