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UPDATE 1-Saudi Telecom Q2 net profit falls 8.7 pct, misses estimates

*Q2 net profit 2.56 bln riyals vs 2.80 bln riyals a yr ago. The firm, which competes domestically with Etihad Etisalat and Zain Saudi, made a net profit of 2.56 billion riyals in the three months to June 30, down from 2.80 billion riyals in the prior-year period, according to a bourse statement. Analysts polled by Reuters had on average forecast STC, which owns stakes in...
Source: Reuters | By: Matt Smith
UPDATE 1-Tire maker Goodyear's profit beats on N America demand

July 29- Goodyear Tire& Rubber Co, the largest U.S. tire maker by sales, reported a better-than-expected quarterly profit, helped by higher demand in North America and lower costs. Goodyear said its tire shipments in North America rose 3.3 percent to 15.8 million in the second quarter ended June 30, from a year earlier. A rise in sales at home slightly offset the...
Source: Reuters
UPDATE 1-Nestle India slips into loss as noodle scare hits sales

MUMBAI, July 29- Nestle India Ltd slipped to a second-quarter loss as sales plunged after its hugely popular Maggi noodles were pulled off shelves over safety concerns. Nestle has been at the center of India's worst food scare in a decade after local regulators reported that some packets of the company's Maggi instant noodles-- one of India's most popular snacks--...
Source: Reuters
Fed on hold longer than expected: Economist  

Lindsey Piegza, Sterne Agee chief economist, shares her outlook on the economy and the Fed's next move. And CNBC's Steve Liesman weighs in.
Source: CNBC.com
US strength helps Goodyear top expectations

AKRON, Ohio- The Goodyear Tire& Rubber Co. on Wednesday reported a drop in second-quarter profit as a strong U.S. dollar cut into international sales, but the results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share. The Akron, Ohio- based company saw revenue fall 10.4...
Source: The Associated Press
UPDATE 3-Fabius, visiting Tehran, invites Rouhani to France

DUBAI, July 29- On the first visit to Iran for 12 years by a French foreign minister, Laurent Fabius conveyed an invitation from President Francois Hollande to Iran's President Hassan Rouhani to visit France in November, Iranian media said. France hopes to secure business in Iran once Western sanctions are lifted under the nuclear deal, and Fabius said last week...
Source: Reuters | By: Sam Wilkin
What will it take to excite the markets?  

Brian Belski, BMO Capital Markets, and Christopher Hyzy, BofA Global Wealth Management, share their outlook on the markets.
Source: CNBC.com
UPDATE 1-India's Vedanta reports $136 mln Q1 profit, looks to restart Goa mines

Says to restart Goa mines after monsoons. MUMBAI, July 29- India's Vedanta Ltd said on Wednesday its quarterly profit more than doubled from a year-ago comparison weighed down by a one-time charge, and that it was on track to restart mining in key producing state Goa after monsoons. "We continue to focus on improving efficiency, costs, and enhancing production...
Source: Reuters
UPDATE 1-Rockwell Automation revenue drops on strong dollar

July 29 (Reuters)- Rockwell Automation Inc, which makes automation systems that help factories run smoothly, reported a 4.5 percent fall in quarterly revenue, hurt by a strong dollar and slowing industrial production growth. Rockwell, which gets about 48 percent of its annual revenue from outside the United States, tightened its 2015 adjusted earnings forecast...
Source: Reuters
How much longer can China rescue its markets?  

Stephen Roach, Yale senior fellow, shares his thoughts on the Chinese government's plans to prop up its equities.
Source: CNBC.com