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  • NAIROBI, July 20- Kenya's High Court has temporarily blocked tax hikes designed to fund a range of government development goals, including the provision of affordable housing. The moves followed a complaint brought by the Kenya Bankers Association, an umbrella lobby for lenders, which says the transfers tax is hard for banks to enforce. A separate suit filed by a...

  • Trump, in posts on Twitter, also accused the European Union and China of manipulating their currencies. "China, the European Union and others have been manipulating their currencies and interest rates lower, while the U.S. is raising rates while the dollars gets stronger and stronger with each passing day- taking away our big competitive edge," Trump wrote.

  • GENEVA, July 20- Honduras has appealed against a WTO ruling won last month by Australia on its "plain" packaging requirements for tobacco, a WTO spokesman said on Friday. In a landmark ruling, the WTO panel said Australia's law improved public health by reducing the use of tobacco products, rebuffing claims that alternative measures would be equally effective.

  • July 20- U.S. stocks were set to open lower on Thursday as strong earnings, including from Microsoft, failed to ease fears of a trade war after President Donald Trump said he was ready to impose tariffs on $500 billion worth of Chinese imports. Trump's comments on tariffs, which followed the United States and China imposed tariffs on $34 billion worth of each...

  • OTTAWA, July 20- Canada's annual inflation rate hit a six-year high of 2.5 percent in June while May retail sales jumped, helping push up the Canadian dollar and stirring talk of another rate hike this year. Statistics Canada on Friday said rising gas prices had helped boost the annual inflation rate to its highest since it stood at 2.6 percent in February 2012.

  • July 20- Some European companies are rethinking their strategies to cushion against the impact of trade tensions between the world's two biggest economies, the United States and China. President Donald Trump said on Friday he was ready to impose tariffs on an additional $500 billion of imports from China, threatening to escalate the current trade clash with...

  • July 20- Some European companies are rethinking their strategies to cushion against the impact of trade tensions between the world's two biggest economies, the United States and China. President Donald Trump said on Friday he was ready to impose tariffs on an additional $500 billion of imports from China, threatening to escalate the current trade clash with...

  • RESTON, Va. _ NVR Inc. on Friday reported second-quarter profit of $203.2 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $46.21 per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • ISTANBUL— Turkey's foreign ministry says it is monitoring American sanctions on Iran, following a meeting with visiting U.S. officials. Turkey, in the statement, said Iran was an "important neighbor" for "economic and commercial relations as well as our energy imports." Turkey imported 3 million tons of crude oil from Iran in the first four months of 2018, making up...

  • The Latest on rising trade tensions following comments by President Donald Trump:. President Donald Trump is indicating that he's ready to hit every product imported from China with tariffs, sending U.S. markets sliding before the opening bell. In a taped interview with the business channel CNBC, Trump said "I'm willing to go to 500," referring roughly to the...

  • HONDURAS APPEALS WTO PANEL REPORT IN RULING WON LAST MONTH BY AUSTRALIA ON ITS' PLAIN' PACKAGING REQUIREMENTS FOR TOBACCO- WTO.

  • SAN JUAN, Puerto Rico _ OFG Bancorp on Friday reported second-quarter earnings of $19.6 million. The San Juan, Puerto Rico- based bank said it had earnings of 35 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • July 20- AT&T Inc on Friday named Oklahoma City, Charlotte and Raleigh, North Carolina, as three more cities where it plans launch its next-generation wireless network, or 5 G, by the end of the year. AT&T Chief Technology Officer Andre Fuetsch said in an interview the mobile 5 G network is expected to launch toward the end of the year, but declined to specify a date.

  • ZURICH, July 20- Roche, Bayer and Germany's Merck KGaA became the latest drug companies to freeze prices in the United States, amid increased scrutiny by the Trump administration of medicine costs. "Last week on July 11, we communicated to the U.S. Department of Health and Human Services that we will not be taking any price increases for the remainder of the year,"...

  • PANAMA CITY _ Banco Latinoamericano de Comercio Exterior SA on Friday reported second-quarter profit of $16.6 million. The Panama City- based bank said it had earnings of 42 cents per share. The bank created in South and Central America to provide trade financing posted revenue of $65.5 million in the period.

  • Revenue from its oilfield equipment business, which includes deepwater drilling, fell 9.4 percent to $617 million, missing analysts' estimate of $648.2 million. Overall revenue rose 2.4 percent to $5.55 billion, slightly below analysts' expectations of $5.57 billion. Revenue in its oilfield services unit, which accounts for more than half of its overall sales,...

  • WASHINGTON, July 20- President Donald Trump said he was ready to impose tariffs on all $500 billion of goods the U.S. imports from China, remarks that sent financial markets retreating and threatened to escalate a trade clash with the Asian giant. "We're down a tremendous amount," Trump said in an interview about trade imbalances with China on CNBC broadcast on...

  • DUBLIN, July 20- Ireland's foreign minister said on Friday reaction from EU capitals to British Prime minister Theresa May's Brexit white paper was lukewarm but said there was agreement it formed the basis for negotiations. "There has been a response that has been lukewarm to the British white paper coming from Brussels but also other member states.

  • ROME, July 20- The Italian government has agreed to appoint Fabrizio Palermo as the new CEO of state lender Cassa Depositi e Prestiti and Alessandro Rivera as director-general of the Treasury, political sources said on Friday. The decision ended weeks of tension over the sensitive appointments, which had rattled markets. Palermo is currently chief financial...

  • GENEVA, July 20- The World Trade Organization set up a dispute panel on Friday to rule on a U.S. complaint against restrictions in Canada's province of British Columbia on wine sales in grocery stores, a WTO official said. In line with WTO rules, the decision was taken after Canada made its second request at a closed-door meeting of the WTO's Dispute Settlement Body.