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  • July 23- The British government is eyeing new powers to block or unwind foreign takeovers which pose a potential risk to national security, Sky News reported on Monday. Proposals are to be unveiled in White Paper to be published by Greg Clark, the Business Secretary, on Tuesday and will extend the government's existing oversight of mergers and takeovers to a...

  • July 23- The British government is eyeing new powers to block or unwind foreign takeovers which pose a potential risk to national security, Sky News reported on Monday.

  • WASHINGTON, July 23- The Trump administration is expected to propose revoking California's ability to set state vehicle emissions rules and mandate electric vehicles as early as later this week, a government official briefed on the matter said. The U.S. Transportation Department and Environmental Protection Agency are expected to unveil a proposed...

  • UK MINISTERS EYE NEW POWERS TO BLOCK FOREIGN TAKEOVERS - SKY NEWS.

  • July 23- U.S. stocks rose on Monday as a jump in 10- year bond yields to a month's high boosted financials and technology stocks rebounded, with investors waiting for earnings from marquee corporations to assess the impact of an escalating U.S.- China trade row. Treasury yields gained as the Federal Reserve was seen as likely to continue raising interest rates...

  • *Oil volatile on U.S.- Iran row, and gold loses more luster. NEW YORK, July 23- Fears that monetary policymakers in the U.S. and Japan will scale back support for the economy sent quivers through debt markets on Monday, while U.S. stocks gained ahead of major company earnings reports. President Donald Trump and after a Reuters report that the Bank of Japan was...

  • *Dryness reduces yields in Europe, Black Sea, Australia. CHICAGO, July 23- U.S. wheat futures approached a six-week high on Monday on concerns that dry weather in Europe and the Black Sea region will cut production in some of the world's main exporting countries. The gains extended a rally that lifted wheat prices by 3.8 percent last week on worries about dryness...

  • PUERTO VALLARTA, Mexico, July 23- There is scope to revive efforts to rework the North American Free Trade Agreement when trade ministers from Mexico and the United States meet this week, a top Mexican official said on Monday. "There's clearly a window of opportunity to be able to bed down a series of open issues which are not numerous, but which are very complex,"...

  • WASHINGTON, July 23- U.S. home sales unexpectedly fell in June, posting their third straight monthly decline as a persistent shortage of properties on the market drove house prices to a record high. The report on Monday from the National Association of Realtors added to last week's soft homebuilding data in suggesting that the housing market lagged an apparent...

  • *Ayatollah threatens Gulf oil supply if Iran exports blocked. NEW YORK, July 23- Oil prices pulled back in volatile trading on Monday as both crude benchmarks fell after rallying more than $1 a barrel early in the session on escalating tensions between the U.S. and Iran. The latest downward jog came after the market focus returned to oversupply risk as Saudi Arabia...

  • DUBAI, July 23- JPMorgan and Morgan Stanley have been picked to advise on Saudi Aramco's plan to buy a controlling stake in petrochemical maker SABIC, several sources familiar with the matter said. Aramco aims to buy such a stake, possibly taking the entire 70 percent holding owned by Saudi Arabia's sovereign wealth fund, two of the sources familiar with the...

  • BERLIN— The head of an influential German industry organization is calling on the U.S. and the European Union to put an end to the escalating trade dispute between the two economic superpowers. Dieter Kempf of the Federation of German Industries said Monday that " Europe mustn't allow itself to be blackmailed and should act with confidence" when European...

  • LONDON, July 23- Changing interest rates will continue to be the Bank of England's main tool for steering the economy once it starts to sell its 435 billion pounds of quantitative easing assets, BoE Deputy Governor Ben Broadbent said on Monday. Broadbent stuck close to the central bank's recently updated guidance on the relationship between QE and interest...

  • WASHINGTON, July 23- The Trump administration is expected to propose revoking California's ability to set state vehicle emissions rules and mandate electric vehicles as early as later this week, a source briefed on the matter said. The U.S. Transportation Department and Environmental Protection Agency are expected to unveil a proposed regulation that...

  • HELSINKI— Swedish officials say a large Panama- flagged cargo vessel carrying hundreds of vehicles has run aground on the country's east coast en route to the port of Sodertalje, south of Stockholm, and has reportedly leaked some oil. The Swedish Coast Guard said the 139- meter Makassar Highway ran aground in an archipelago north of Vastervik about 7:30 a.m....

  • LONDON, July 23- The British infrastructure arm of Kuwait's sovereign wealth fund said on Monday it had agreed to buy oil and gas pipeline firm North Sea Midstream Partners from ArcLight Capital, a private equity firm. Wren House Infrastructure Management said it had agreed to acquire 100 percent of ArcLights interest in the business. NSMP has interests in and...

  • NEW YORK— Calls to ban Donald Trump from Twitter are at least as old as his presidency. But it's not going to happen, at least not while he's in office. The latest strive involves an all-caps tweet sent late Sunday warning Iran of "CONSEQUENCES THE LIKE OF WHICH FEW THROUGHOUT HISTORY HAVE EVER SUFFERED BEFORE."

  • NEW YORK, July 23- Benchmark 10- year U.S. Treasury yields rose to their highest levels in five weeks on Monday as the Federal Reserve was seen as likely to continue raising interest rates despite criticism from President Donald Trump. A White House official told CNBC on Friday that Trump is concerned the U.S. central bank will raise interest rates another two...

  • NEW YORK, July 23- The New York Daily News, the city's scrappy, 99- year-old tabloid, is laying off one-half of its editorial staff, as U.S. newspapers continue to crumple under sharply declining advertising and readership, it said on Monday. The cuts at the Pulitzer Prize-winning daily paper, known for eye-catching front-page headlines and taking on the city's...

  • WASHINGTON, July 23- A Republican lawmaker in the U.S. House of Representatives unveiled a bill calling for a carbon tax on Monday, saying he hoped the legislation would at the very least renew a U.S. debate on climate change that has languished for a decade. Representative Carlos Curbelo, a member of the House tax committee who faces a tough re-election bid in...