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  • OTTAWA, July 18- Canadian Prime Minister Justin Trudeau shuffled his Cabinet on Wednesday ahead of a challenging 2019 election, stressing the need to diversify trade away from the United States while leaving key ministers in place. Foreign Minister Chrystia Freeland is in charge of ties with the United States, including NAFTA. The strains with Washington show...

  • *Amazon crosses $900 bln in market cap for first time. July 18- The benchmark S&P 500 breached five-month high on Wednesday, boosted by gains in financial and industrial stocks as marquee companies posted strong results and bolstered expectations of a solid second quarter. Amazon.com became the second company after Apple to top $900 billion in market value,...

  • *Raises 2018 EPS to $3.15- $3.35, from $2.95- $3.15. Backlog in the business, which makes Cessna business jets and is the largest contributor to total revenue, was flat at $1.6 billion in the quarter compared with the preceding quarter. "We think aviation book-to-bill of 1 x in face of expected improving end market is the reason for weakness," Stephens Inc analyst Drew...

  • NEW YORK, July 18- Oil prices rose on Wednesday after U.S. government data indicated bullish demand for gasoline and distillates, which overshadowed a surprise build in U.S. crude inventories and U.S. crude oil production hitting 11 million bpd for the first time. Brent crude futures rose 58 cents to $72.74 a barrel, by 12:38 p.m. EDT. West Texas Intermediate crude...

  • SAN JUAN, Puerto Rico— Puerto Rico's power company has named its second CEO in two weeks as it struggles with leadership issues, bankruptcy and the restoration of electricity to hundreds who have remained in the dark since Hurricane Maria. Jose Ortiz takes over Puerto Rico's Electric Power Authority on July 23 and said Wednesday that he will review federal...

  • *Trump's May 8 withdrawal from Iran deal a blow to EU policy. BRUSSELS, July 18- The European Investment Bank's global operations would be put at risk if it were to invest in Iran, its president said on Wednesday, casting doubt on the EU's ability to deliver on its pledge to save a nuclear deal with Tehran that Washington has abandoned. President Donald Trump pulled...

  • LONDON, July 18- Zinc chalked up its largest daily gain in a year on Wednesday, recovering from this week's one-year low on bargain hunting and falling inventories, while copper and lead hit one year lows as the dollar rose and trade tensions simmered. Shanghai Futures Exchange zinc stocks dropped to 58,016 tonnes last week, their lowest since February 2008, while...

  • WOODSTOCK, Vt.— The 165- year-old Vermont Standard in Woodstock will publish its weekly paper only one day late, despite losing its office in a fire. President and owner Phil Camp said the community has given the paper's staff their support, offering food and office space. The staff is currently working out of the public library in Woodstock.

  • DUBAI, July 18- Several potential buyers have emerged for Middle East buyout firm Abraaj's investment management business as a revised offer from previous frontrunner Colony Capital was rejected, say sources familiar with the matter. The bids by Cerberus Capital Management, York Capital Management and Abu Dhabi Financial Group will be considered by Dubai-...

  • SAN FRANCISCO, July 18- Amazon.com' s stock market value reached $900 billion on Wednesday for the first time, marking a major milestone in its 21- year trajectory as a publicly listed company and threatening to dislodge Apple as Wall Street's most valuable jewel. After announcing on Wednesday that it sold more than $100 million products during its annual Prime...

  • SHANGHAI, July 18- China's central bank plans to introduce incentives that will boost the liquidity of commercial banks, helping them to expand lending and increase investment in bonds issued by corporates and other entities, a source with direct knowledge of the matter said on Wednesday. The People's Bank of China, the country's central bank, could not be...

  • *Pakistan buys U.S. soybeans, according to USDA. China's buyers have loaded up on soybeans from Brazil, instead of the United States because of a 25 percent tariff on imports of U.S. soy that Beijing had threatened for weeks to impose and then enacted on July 6. Gulf basically at a 25 percent discount to Brazil, which means you've basically spoken for the tariff, "said...

  • SEVERAL POTENTIAL BUYERS EMERGE FOR ABRAAJ'S INVESTMENT MANAGEMENT UNIT AFTER REVISED COLONY CAPITAL OFFER REJECTED- SOURCES.

  • *FTSE 100 up 0.7 pct. LONDON, July 18- A weaker pound helped Britain's top share index march higher on Wednesday as company earnings took centre stage with Smiths Group suffering. "The stars are aligning for easyJet this year," Richard Hunter, head of markets at interactive investor, said, highlighting helpful factors such as the demise of some of easyJet's...

  • LONDON, July 18- Boeing Co is in talks with Airbus and other companies about joining its bid for a 4 billion euro heavy-lift helicopter contract in Germany, the head of business development for Boeing's defence unit said on Wednesday. He said those discussions would continue as the proposal process unfolded, and Boeing evaluated Germany's needs for the new...

  • BOEING SAYS IN TALKS WITH AIRBUS, OTHER FIRMS ABOUT JOINING TEAM BIDDING FOR GERMAN HELICOPTER CONTRACT.

  • WASHINGTON— A panel of federal regulators is proposing the removal of strict government oversight imposed on Zions Bancorp after the big regional bank received a taxpayer-funded bailout during the 2008 financial crisis. The unanimous decision by the Financial Stability Oversight Council on Wednesday is the latest example of a push, under the Trump...

  • BRUSSELS, July 18- EU antitrust regulators hit Google with a record 4.34 billion euro fine on Wednesday and ordered it to stop using its Android mobile operating system to block rivals, a ruling which the U.S. tech company said it would appeal. The penalty is nearly double the previous record of 2.4 billion euros which the company was ordered to pay last year over...

  • FARNBOROUGH, England/ SINGAPORE, July 18- Airplane manufacturers are working to adapt jets to reduce the number of pilots needed for long-haul flights and to build new cockpits designed for a single aviator in order to ease a global pilot shortage and cut airline costs. Airbus SE and Thales SA expect the number of cockpit crew on long-haul flights, typically...

  • MOSCOW/ UNITED NATIONS, July 18- Russia's envoy to North Korea said on Wednesday it would be logical to raise the question of easing sanctions on North Korea with the United Nations Security Council, as the United States pushes for a halt to refined petroleum exports to Pyongyang. "The positive change on the Korean peninsula is now obvious," said the ambassador,...