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  • GOLDMANS PRESIDENT, DAVID SOLOMON, TO BECOME C.E.O.

  • CHICAGO, July 17- Before the U.S.- China trade war, American pig processors exported nine out of every 10 pigs' feet and heads they shipped overseas to China and Hong Kong- for prices higher than they would fetch anywhere else. The pipeline for these profitable pig parts, known collectively as offal, is closing fast after China slapped two tariffs on U.S. pork...

  • WASHINGTON July 17- A Republican in the U.S. House of Representatives said on Tuesday he will back an uphill battle to try to force a vote to restore net neutrality rules that were overturned by the Trump administration. The Federal Communications Commission repealed the open internet rules in December by a 3-2 vote, sparking a firestorm of criticism on social...

  • The fifth-largest U.S. bank by assets said net earnings applicable to shareholders rose to $2.35 billion, or $5.98 per share, in the second quarter ended June 30, from $1.63 billion, or $3.95 per share, a year earlier. Analysts on average had forecast earnings per share of $4.66, according to Thomson Reuters I/B/E/S data. Revenue from trading, its biggest business,...

  • J&J has vowed to appeal a Missouri jury verdict that earlier this month ordered the company to pay a record $4.69 billion to 22 women, who had claimed their cancer was caused by J&J talc products. Net earnings rose to $3.95 billion, or $1.45 per share, in the second quarter, from $3.83 billion, or $1.40 per share, a year earlier. Total sales rose to $20.83 billion from...

  • LONDON, July 17- The dollar held steady below a one-year high on Tuesday as investors grew wary about the currency's outlook after a recent rally and concerns that U.S. economic momentum could peak soon. Powell will testify on the economy and monetary policy before the U.S. Senate Banking Committee at 1400 GMT. Fund managers have cut equity allocations to the...

  • FARNBOROUGH, England, July 17- IAG, the owner of British Airways and Iberia, has committed to two more A330-200 long-haul planes for its new budget unit Level, Airbus said on Tuesday. Level currently plans to operate five A330 jets this year on its long-haul operations from Barcelona and Paris, and Airbus said the two additional planes would be delivered in 2019..

  • July 17- U.S. stock index futures fell on Tuesday as Netflix's weak subscriber numbers weighed on high-flying technology stocks and health insurer UnitedHealth Group's results failed to impress investors. While second-quarter earnings growth at S&P 500 companies are expected to have surged about 21 percent, traders and analysts are focusing more on...

  • July 17- Goldman Sachs Group Inc reported a 44 percent rise in second-quarter profit on Tuesday, driven by strength in its investment banking and fixed income trading businesses. The fifth-largest U.S. bank by assets said net earnings applicable to shareholders rose to $2.35 billion, or $5.98 per share, in the second quarter ended June 30, from $1.63 billion, or...

  • LONDON, July 17- Nothing is certain about a reported AirAsia order for Airbus A321neo jets until it is announced, and everything is still possible, AirAsia's chairman said when asked about the possible deal. Industry sources have said AirAsia is discussing the possible purchase of another 100 Airbus A321neo jets as the airline and Airbus go down to the wire in...

  • TOKYO, July 17- Japan and the European Union signed a wide-ranging free trade deal on Tuesday that both sides hope will act as a counterweight to the protectionist forces unleashed by U.S. "There are rising concerns about protectionism, but I want Japan and the EU to lead the world by bearing the flag of free trade," Prime Minister Shinzo Abe said at a news conference...

  • FARNBOROUGH, England July 17- U.S. airplane leasing firm Air Lease Corp announced on Tuesday a commitment to order as many as 78 Boeing Co single-aisle and wide-body airplanes in a deal valued at $9.6 billion at list prices. Air Lease told a press briefing at the Farnborough Airshow that three 787-9 s and the first 20 737 MAX airplanes in the total deal were firm...

  • DUBAI, July 17- The European Union, Switzerland and the United States have complained at the World Trade Organisation about an excise tax imposed by several Gulf Arab states on carbonated and energy drinks, according to notes of a WTO meeting and diplomatic sources. Saudi Arabia, the United Arab Emirates and Bahrain were asked to explain the rationale behind a...

  • TOKYO, July 17- Japan and the European Union signed a wide-ranging free trade deal on Tuesday that both sides hope will act as a counterweight to the protectionist forces unleashed by U.S. "There are rising concerns about protectionism, but I want Japan and the EU to lead the world by bearing the flag of free trade," Prime Minister Shinzo Abe said at a news conference...

  • LONDON, July 17- Aluminum prices rose further from three-month lows on Tuesday as traders were forced to abandon short positions by the high cost of rolling them forward. up 0.6 percent at $2,068 a tonne at 1059 GMT, after touching $2,021.50 on Friday, the lowest since April 6. "There's been an almighty squeeze," said ING analyst Oliver Nugent.

  • LONDON, July 17- Aluminium prices rose further from three-month lows on Tuesday as traders were forced to abandon short positions by the high cost of rolling them forward. up 0.6 percent at $2,068 a tonne at 1059 GMT, after touching $2,021.50 on Friday, the lowest since April 6. "There's been an almighty squeeze," said ING analyst Oliver Nugent.

  • *Iran launched new HR steel coil mill- analyst. MOSCOW/ LONDON, July 17- Russia and Kazakhstan are cutting back sales of hot-rolled steel coils to Iran in part because of new U.S. sanctions on Tehran, steel traders said. The coils are shipped to Iran by Russian steelmakers Severstal and MMK along with ArcelorMittal's plant in Temirtau, Kazakhstan.

  • FARNBOROUGH, England July 17- U.S. airplane leasing firm Air Lease Corp announced on Tuesday a commitment to order as many as 78 Boeing Co single-aisle and wide-body airplanes in a deal valued at $9.6 billion at list prices. Air Lease told a press briefing at the Farnborough Airshow that three 787-9 s and the first 20 737 MAX airplanes in the total deal were firm...

  • FARNBOROUGH, England, July 17- Bank of England Governor Mark Carney said on Tuesday that a no-deal Brexit would have "big" economic consequences, prompt a review of interest rates and leave many bankers idle. Britain and the EU have negotiated a transition deal that would effectively keep Britain as non-voting member of the bloc from Brexit day next March until...

  • CAIRO, July 17- Egypt is setting up a sovereign wealth fund with a capital of 200 billion Egyptian pounds, the state news agency said on Tuesday. Former Public Enterprise Minister Khaled Badawi said in March that Egypt was discussing setting up a sovereign wealth fund to manage state companies it plans to list on the stock exchange. The fund will be eligible to...