Renault launches Talisman, replacing laggard Laguna CHANTILLY, France, July 6- French carmaker Renault on Monday launched its new Talisman model, replacing the Laguna at the top of its private passenger vehicle range in the hope it will do better against the German competition. Aimed at a sector long dominated by German offerings from BMW and Mercedes, the Talisman will be marketed in France from the end of this year,...
BRICS summit gives Putin a chance to show Russia not isolated *Russia to host BRICS summit in city of Ufa. *Putin sees chance to show Russia not isolated. At a meeting in the remote Russian city of Ufa, originally a fortress built on the orders of Tsar Ivan the Terrible, Brazil, Russia, India, China and South Africa also aim to put the last touches to a $100- billion contingency currency reserves pool.
| By: Lidia Kelly and Katya Golubkova
Funds eye 'jam tomorrow' in face of Greek ructions LONDON, July 6- For all the negative headlines around Greece, investors have proved resilient and even bullish on sectors from banks to peripheral debt that history suggests could be hardest hit if the situation there worsens. While the strength of the vote was a surprise- nearly two-thirds of votes have rejected the deal- market reaction on Monday was limited,...
| By: Simon Jessop
GRAINS-Sharp drop on lighter Midwest rain, global investor unease *Wheat loses as much as 3 pct, corn/soy around 2 pct. *Firm dollar, worries over Greece, China sap commodities. PARIS/ SYDNEY, July 6- U.S. grain and soybean futures fell sharply on Monday as lighter rainfall than expected eased fears about Midwest crops while worries over Greece and China led investors to shun many commodity markets.
| By: Gus Trompiz and Colin Packham
Oil at 3-months low as outlook darkens again Oil hit three-month lows on Monday with the bearish sentiment expected to last due to a Greek crisis, a Chinese stocks slump and Iran supply fears.
| By: Dhara Ranasinghe
INSIGHT-Tensions with Russia could prompt NATO strategy rethink *Ukraine crisis makes NATO strategy paper look outdated. BRUSSELS, July 6- NATO is preparing for a long standoff with Russia, reluctantly accepting that the Ukraine conflict has fundamentally transformed Europe's security landscape and that it may have to abandon hope of a constructive relationship with Moscow. The "strategic concept," adopted by NATO leaders...
| By: Adrian Croft
UPDATE 7-Oil falls more than 3 pct after Greek 'No' *China unleashes emergency measures to support stock markets. LONDON, July 6- Oil prices fell more than 3 percent on Monday after Greece rejected debt bailout terms and China rolled out emergency measures to support its stock markets, adding to concerns about demand at a time of global oversupply. "Uncertainty over Greece is bearish for oil.
| By: Christopher Johnson
WRAPUP 3-Greek finance minister quits to smooth talks after thunderous 'No' *European partners say await new proposals from Greece. ATHENS/ FRANKFURT, July 6- Greece's outspoken finance minister resigned on Monday, removing a major obstacle to any deal to keep Athens in the euro zone after Greeks voted resoundingly to back the government in rejecting the austerity terms of a bailout. Yanis Varoufakis, an avowed "erratic Marxist"...
| By: Renee Maltezou and John O'Donnell
METALS-Copper sinks to 5-month low on China, Greece jitters *Beijing takes emergency steps to support stock market. LONDON, July 6- Copper hit a five-month low on Monday as demand prospects dimmed on news that top consumer China had rolled out emergency measures to halt the stock market's slide and as Greece edged closer to leaving the euro zone. There's enough headwinds at the moment, metals are well if not oversupplied...
| By: Maytaal Angel