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APNewsBreak: Tentative agreement on Iran sanctions relief

VIENNA- World powers and Iran have reached tentative agreement on sanctions relief for the Islamic Republic, among the most contentious issues in a long-term nuclear agreement that negotiators hope to clinch over the next several days, diplomats told The Associated Press on Saturday. Officials had described sanctions relief as one of the thorniest...
Source: The Associated Press
New Puerto Rico agencies to buy TRANs amid economic crisis

SAN JUAN, Puerto Rico- Puerto Rico's governor signed a bill late Friday that allows certain public agencies to buy up to $400 million in tax and revenue anticipation notes as the government of the U.S. territory seeks more cash amid a worsening economic crisis. Some of the new agencies now authorized to buy such notes are government insurance companies that are...
Source: The Associated Press
WRAPUP 7-Greeks deeply divided heading into crucial vote

*PM Tsipras urges vote for "dignity in Europe". His European partners say a' No' vote will jeopardize Greece's membership of the euro. Tsipras says they are bluffing, fearing the fallout for Europe and the global economy.
Source: Reuters | By: Michele Kambas and Lefteris Papadimas
WRAPUP 6-Greeks deeply divided heading into crucial referendum

His European partners say a' No' vote will jeopardize Greece's membership of the euro. Repeating his assault on European partners he accused of blackmailing and issuing ultimatums to Greece, the leftist leader called for calm. "On Sunday, what is at stake is not Greece's membership of Europe, what is at stake is whether blackmail will lead us to accept the...
Source: Reuters | By: Michele Kambas and Lefteris Papadimas
WRAPUP 5-Greeks evenly split heading into crucial referendum

ATHENS, July 3- Thousands of Greeks staged rival rallies on Friday ahead of a weekend referendum that may decide the country's future in Europe's single currency, with polls showing voters almost evenly split. Prime Minister Alexis Tsipras exhorted Greeks to reject the deal, dismissing warnings from Greece's European partners that to do so may see the country...
Source: Reuters | By: Michele Kambas and Lefteris Papadimas
Row breaks out over Greek medicine supplies

But drugmakers have argued this could suck supplies out of Greece if Athens leaves the euro and prices in euro terms fall sharply. The European Association of Euro Pharmaceutical Companies, representing firms involved in this so-called parallel trade, said drugmakers were wrong to say supplies could be in jeopardy if Europe did not take such emergency...
Source: Reuters | By: Ben Hirschler
Russia mulls new selective sanctions against Western nations

MOSCOW- Russia will consider new selective retaliatory measures against some specific Western countries, the nation's security chief said Friday, pointing at Finland as a possible target. Russia may, for example, revise favorable conditions for Finnish timber traders in response to Helsinki's refusal to issue a visa to the Russian lower house speaker, the...
Source: The Associated Press
UPDATE 8-Oil slides in thin trade on rising U.S. rig count

Oil rigs increased by 12 to 640 following a slump that cut the number of active U.S. rigs from a peak of 1,609 in October to a nearly five-year low last week, energy services firm Baker Hughes Inc said. "This is the first weekly increase in 30 weeks and is an indication that the slump in drilling activity has ended," said Carsten Fritsch, senior oil analyst at Commerzbank...
Source: Reuters | By: Nia Williams
UPDATE 1-Vivendi pushes out Canal+ chief as profits shrink

PARIS, July 3- French media group Vivendi pushed out Rodolphe Belmer as chief of its Canal Plus unit on Friday amid disappointment over what one source said was a failure to rejuvenate the pay-TV channel and halt a drop in sales and profits. Canal Plus parent company Vivendi said in a statement on Friday it had named Canal Plus head of pay-TV Maxime Saada as new...
Source: Reuters | By: Leila Abboud
Barclays eyes narrow new UK bank as rivals take different path

*HSBC, Lloyds, RBS plan "broad" ring-fence, Barclays differs. LONDON, July 3- Barclays is planning to set up a smaller separate UK bank than rivals as British lenders finalise how to restructure to meet new rules designed to give greater protection to savers and taxpayers. Unless it makes a U-turn, Barclays will adopt a different structure to its main rivals.
Source: Reuters | By: Steve Slater and Matt Scuffham