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China c.bank says made $25 bln loan to China Development Bank

BEIJING, July 1- China's central bank said it extended 157.6 billion yuan worth of pledged supplementary lending in June to its biggest development bank, China Development Bank, to increase funding for the refurbishment of shanty towns.
Source: Reuters
Cost of China scandal for OSI nearing $1 bln - Xinhua

SHANGHAI, July 1- U.S.-based meat supplier OSI Group has lost around six billion yuan since a food safety scandal in China last summer, a senior China- based executive for the firm told the official Xinhua news agency. The report, published late on Tuesday, underlines how severe the impact of food safety scares can be in China, which has seen a series of stomach...
Source: Reuters
UPDATE 2-Oil prices down over 1 pct as Greece defaults, output soars

*Greece not able to repay 1.6 bln euros owed to IMF. *OPEC, U.S. output rises to multi-year highs. SINGAPORE, July 1- Oil prices fell over 1 percent on Wednesday after Greece became the first developed economy to default on a loan with the International Monetary Fund, and as both U.S. and OPEC production hit new records.
Source: Reuters | By: Henning Gloystein
UPDATE 2-Canada's Brookfield makes $6.8 bln play for Australian freight major Asciano

*Shares surge 17 pct to A $7.77 but below bid price of A $9.05 Asciano's former parent, Toll Holdings, agreed to sale in Jan. SYDNEY, July 1- Canada's Brookfield Asset Management has approached Australia's Asciano Ltd with a $6.8 billion takeover bid, but uncertainty about whether the deal would go through capped gains in the stock price of the rail freight firm.
Source: Reuters | By: Byron Kaye
UPDATE 1-Oil prices drop as Greece defaults and output soars

*OPEC, U.S. output rises to multi-year highs. SINGAPORE, July 1- Oil prices fell on Wednesday after Greece became the first developed economy to default on a loan with the International Monetary Fund and as both U.S. and OPEC production hit new records. "Iraqi crude production climbed to a record level this month, with OPEC crude oil output estimated to have reached...
Source: Reuters | By: Henning Gloystein
Oil prices drop after Greece defaults on IMF payment

*Greece not able to repay 1.6 bln euros owed to IMF. SINGAPORE, July 1- Oil prices fell in early trading on Wednesday after Greece became the first developed economy to default on a loan with the International Monetary Fund. Greece, as expected, was not able to repay 1.6 billion euros it owed to the IMF, in what was the largest missed payment in the Fund's history.
Source: Reuters | By: Henning Gloystein
U.S. doctors, hospitals reap $6.5 bln from drug and device makers -report

Pfizer Inc, the largest U.S. drugmaker, for example reported more than $234.2 million in research payments and another $53.3 million in general payments. John Diliberti, a pediatric geneticist from Illinois, collected nearly $447,000 from Pfizer in consulting fees last year, the biggest single payment to an individual doctor by the drugmaker.
Source: Reuters | By: Bill Berkrot
IMF CONFIRMS GREECE DOES NOT MAKE 1.5 BLN EURO REPAYMENT TO THE FUND

IMF CONFIRMS GREECE DOES NOT MAKE 1.5 BLN EURO REPAYMENT TO THE FUND.
Source: Reuters
UPDATE 6-Tunisia hotel gunman trained in Libya jihadist camp - govt

*Officials probing link to Libya training camps. TUNIS, June 30- The Tunisian gunman who carried out a deadly attack on a hotel last Friday trained in a jihadist camp in Libya last year, Tunisia's government said on Tuesday. "Rezgui had training in Libya at the end of 2014. He was trained during the same time in Libya as the Bardo attackers," prime ministerial spokesman...
Source: Reuters | By: Tarek Amara
UPDATE 2-Cenovus to sell royalty portfolio to Ontario Teachers' for C$3.3 bln

TORONTO, June 30- Cenovus Energy Inc, Canada's second-largest independent oil producer, said on Tuesday it has agreed to sell its portfolio of oil and gas royalty properties to Ontario Teachers' Pension Plan for about C $3.3 billion. As Reuters first reported this month, the decision to sell the unit, Heritage Royalty Ltd, to Teachers' Natural Resources Group was...
Source: Reuters | By: Euan Rocha