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World - Bayer says will halt future U.S. sales of insecticide


By Tom Polansek CHICAGO (Reuters) - The agricultural unit of German chemicals company Bayer AG will halt future U.S. sales of an insecticide that can be used on more than 200 crops after losing a fight with the U.S. Environmental Protection Agency, the company said on Friday. Bayer lost an attempt to continue sales of flubendiamide, marketed in the United States as Belt, after the EPA earlier found that it posed risks to the environment. Dana Sargent, Bayer`s vice president of regulatory affairs, said the product was safe.


Saturday, July 30, 2016  00:30

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Business - Data in focus as market struggles for direction


Wall Street, seeking direction as the S&P 500 has been stuck in a narrow trading range for 12 days, will next week shift its attention from second-quarter corporate earnings reports to economic data. Investors will be looking for signs of economic strength to reinforce the positive direction hit Friday, when the S&P 500 hit an intraday record high. The overall tone will be of an economy that is getting better at a reasonable pace,` said John Manley, chief equity strategist at Wells Fargo Funds Management in New York.


Saturday, July 30, 2016  04:01

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World - From Beirut to Baghdad, `useless` bomb detectors guard against disaster


By Dominic Evans and Saif Hameed BEIRUT/BAGHDAD (Reuters) - At a checkpoint in central Beirut, a guard checks a small truck for explosives. At the nearby marina where millionaires` yachts are moored by the glistening Mediterranean Sea, and at entrances to the underground parking of an upmarket shopping mall, the same bomb detectors are used. Marketed under names such as ADE651, GT200 and Alpha, they are supposed to respond to the presence of explosives, causing their metal antenna to swivel on a hinge toward the material.


Wednesday, July 27, 2016  12:36

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Business - Facebook shares hit record high as it beats estimates again


Facebook Inc is growing so fast analysts can`t keep up. The social networking giant beat market expectations for profit and revenue yet again in the latest quarter, pushing up its shares to a record high on Thursday and allowing it to overtake Warren Buffett`s Berkshire Hathaway Inc as the fifth biggest U.S. company by market capitalization. Facebook`s shares rose as much as 4 percent to $128.33, boosting its market value by $14 billion to $367 billion - enough to eclipse Berkshire`s market cap of about $355 billion.


Thursday, July 28, 2016  15:56

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Business - Coca-Cola`s revenue misses on weak international markets


Coca-Cola Co reported lower-than-expected quarterly revenue as higher sales in North America failed to make up for weakness in many of the company`s emerging and developing markets, including China and Argentina. `Strong performance in some of our largest and most developed markets, including the United States, Mexico and Japan, was offset by difficult external conditions in many of our emerging and developing markets, including China and Argentina,` Chief Executive Muhtar Kent said in a statement.


Wednesday, July 27, 2016  13:58

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Business - Coca-Cola`s revenue misses estimates; shares fall


(Reuters) - Coca-Cola Co reported lower-than-expected quarterly revenue, citing difficult conditions in many of its emerging and developing markets. Shares of the world`s largest beverage maker, which also cut its full-year organic revenue growth forecast, were down 2percent at $44 in premarket trading on Wednesday. `Strong performance in some of our largest and most developed markets, including the United States, Mexico and Japan, was offset by difficult external conditions in many of our emerging and developing markets, including China and Argentina,` Chief Executive Muhtar Kent said in a statement.


Wednesday, July 27, 2016  12:40

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Business - Asia shares slip, Nikkei recovers, yen rises as BOJ disappoints


SINGAPORE/TOKYO (Reuters) - Asian shares slipped after touching a near one-year peak on Friday and the yen strengthened as the Bank of Japan`s fresh stimulus measures disappointed markets, although Japanese stocks recovered on higher purchases of exchange-traded funds. European markets are set to be positive, with futures pointing to a flat start for Britain`s FTSE 100 , and higher opens for Germany`s DAX and France`s CAC 40 . The BOJ doubled purchases of ETFs, but maintained its base money target at 80 trillion yen ($775 billion) and the pace of purchases of other assets, including Japanese government bonds.


Friday, July 29, 2016  08:02

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Business - Asia shares slip, Japan stocks tumble and yen rises as BOJ disappoints


By Nichola Saminather and Hideyuki Sano SINGAPORE/TOKYO (Reuters) - Asian shares slipped after touching a near one-year peak on Friday, while Japanese stocks tumbled and the yen strengthened as the Bank of Japan`s fresh stimulus measures disappointed markets. European markets are set to be positive, with futures pointing to a flat start for Britain`s FTSE 100 , and higher opens for Germany`s DAX and France`s CAC 40 . The BOJ doubled purchases of exchange-traded funds, but maintained its base money target at 80 trillion yen ($775 billion) and the pace of purchases of other assets, including Japanese government bonds.


Friday, July 29, 2016  07:56

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Business - Weak oil pulls Wall Street off record highs; Fed meet eyed


Oil prices fell to two-and-a-half month lows amid worries that a global glut of crude and refined products would be a drag on markets for some time. The S&P energy index fell 2 percent, its biggest percentage decline since June 27 when Britain`s vote to leave the European Union sparked a massive selloff in risk assets. `Second-quarter earnings have come in stronger than we had expected, but for some reason the markets have chosen to obsess about oil prices today,` said Kim Forrest, senior equity research analyst, Fort Pitt Capital Group in Pittsburgh.


Monday, July 25, 2016  18:09

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Business - Wall Street slips from record levels on weak oil prices


Oil prices fell to two and a half month lows amid worries that a global glut of crude and refined products would weigh on markets for some time. `Second-quarter earnings have come in stronger than we had expected, but for some reason the markets have chosen to obsess about oil prices today,` said Kim Forrest, senior equity research analyst, Fort Pitt Capital Group in Pittsburgh.


Monday, July 25, 2016  16:35

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