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Gold market surplus shrinks as fund inflows offset weak Asian buying -GFMS

* Gold ETF inflows hit highest half-year on record in H1 * GFMS lifts 2016 gold price forecast to $1,279/oz * Physical gold demand slides to 7-year low in Q2 By Jan Harvey LONDON, July 26 A surge in Western gold investment helped offset sliding Asian demand in the second quarter, GFMS analysts at Thomson Reuters said on Tuesday, as they hiked their gold price forecast for the year in response to jitters over the economic outlook. In the Q2 update of its Gold Sur

Markets 4:00am EDT

Takeda sets bidding deadline for chemical firm stake, CVC and Carlyle may bid -sources

TOKYO, July 26 Takeda Pharmaceutical Co Ltd will accept initial bids for its 70 percent stake in a chemicals company through Aug. 16, with potential suitors including CVC Capital Partners Ltd and Carlyle Group Ltd, sources told Reuters.

UK's Drax sees 2016 earnings at lower end of forecast range

LONDON, July 26 British power producer Drax said its full-year earnings for 2016 would likely be at the lower end of analysts' forecasts, after posting a 42 percent drop for the first half of the year.

Utilities 2:21am EDT

DEAKTALK-An arranged marriage in China's steel industry troubled from the start

SHANGHAI, July 26 It may be the Chinese government's idea of creative destruction.

Industrials 1:50am EDT

UPDATE 1-Shell Philippines files $629 mln IPO; may be country's largest in 2016

* Company plans to offer up to 330 mln shares at 90 pesos/shr

Energy Jul 25 2016
Basic Materials
Dow Chemical Co $53.27 +0.28%
Praxair Inc $117.74 +0.03%
LyondellBasell Industries NV $78.87 +0.91%

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