Oil Prices Set for Third Straight Week of Declines

July 26 Reuters Oil prices rose slightly on Friday but remained on track for a third straight week of declines due to weak demand in China, the world39;s largest crude importer, and expectations of a ceasefire deal for the Gaza war and related violence in the Middle East. Brent crude futures for September rose 15 […]
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Fed seen Holding Rates Steady in July, Start Cuts in Sept

July 25 Reuters Federal Reserve policymakers are seen leaving their shortterm interestrate target in the 5.255.50 range next week and waiting until September to start a string of quarterpoint reductions, after fresh data showed the U.S. economy regained steam last quarter. Before the data, traders had priced in about a 9 chance of a rate […]
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Leonardo, Airbus in Talks to Strengthen Collaborations, Paper

ROME, July 26 Reuters Leonardo and France39;s Airbus are discussing ways to strengthen collaborations and industrial synergies, the chief executive of the Italian defence group said on Friday. There are many potential synergies between Airbus and Leonardo in different sectors, Chief Executive Roberto Cingolani told financial daily Il Sole 24 Ore in an interview. Our technical […]
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Holcim Lowers FullYear Sales Guidance after Q2 Downturn

ZURICH, July 26 Reuters Holcim lowered its fullyear sales guidance on Friday, after a downturn in Europe and North America hit secondquarter sales at the cement and building materials maker. In the first results under new Chief Executive Miljan Gutovic, sales during the second quarter fell 1.6 to 7.23 billion Swiss francs 8.21 billion, missing forecasts […]
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BASFs Quarterly Profit Inches Up, it Hopes for Higher Growth

FRANKFURT, July 26 Reuters BASF eked out a 0.6 gain in adjusted secondquarter earnings as slightly higher sales volumes made up for lower chemical prices but confirmed fullyear goals of faster growth as it banks on regaining pricing power. In a statement on Friday, the group said secondquarter earnings before interest, taxes, depreciation and amortisation EBITDA, […]
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German Truckmaker Traton Posts Profit Rise on Higher Prices

July 26 Reuters German truckmaker Traton, majorityowned by Volkswagen, on Friday posted a 7 rise in firsthalf operating profit buoyed by higher prices, even as demand remained lacklustre in Europe. Operating profit rose to 2.1 billion euros 2.3 billion on sales revenue up 2 to 23.4 billion euros, while unit sales fell 5. Traton39;s operating […]
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