Canada reviews Arctic drilling plan as industry seeks concessions CALGARY, Alberta, July 29- Canada's Conservative government is studying whether to extend Arctic drilling licenses, a move that could open the door to relinquishing millions of dollars in deposits paid by major energy companies. The government review began after Imperial Oil Ltd said last month it and partners Exxon Mobil Corp and BP Plc needed more time...
| By: Mike De Souza
FOREX-Dollar rises as Fed's jobs view hints at rate hike NEW YORK, July 29- The dollar rose modestly against a basket of currencies on Wednesday as the Federal Reserve upgraded its view of the labor market, supporting some traders' opinion that it would raise benchmark U.S. interest rates, perhaps as early as September. Although inflation has remained below the Fed's 2 percent target and overseas developments...
| By: Richard Leong
French, German tank makers sign tie-up agreement PARIS- French and German executives from two of Europe's leading armored vehicle makers signed a long-awaited merger deal Wednesday aimed at creating a new European champion in the $50 billion annual terrestrial defense market. The tie-up between France's state-owned Nexter Systems and privately held German firm KMW was inked in Paris at the Defense...
Source: The Associated Press
| By: By GREG KELLER, Associated Press
UPDATE 2-Boeing may move work abroad with Exp-Im future uncertain -chairman WASHINGTON, July 29- Boeing Co Chairman Jim McNerney said on Wednesday the aircraft maker was actively considering moving "key pieces" of its operations to other countries given the uncertainty about the future of the Export-Import Bank, whose charter expired on June 30. Its charter lapsed after conservatives in the U.S. Congress cast it as a promoter of "crony...
| By: Andrea Shalal
Democratic presidential hopeful Clinton to call for lifting Cuban embargo July 29- Democratic presidential candidate Hillary Clinton this week will call on U.S. lawmakers to lift the long-standing economic embargo against Cuba, her campaign announced on Wednesday. President Barack Obama's administration has formally restored diplomatic ties with the island nation and dropped Cuba from a list of state sponsors of terror.
US STOCKS-U.S. stocks higher after Fed notes improving economy *General Dynamics' report sparks rally in aerospace stocks. July 29- U.S. stocks were higher on Wednesday after the U.S. "No change as expected, markets appear comfortable with that, it certainly is not a surprise," Peter Kenny, chief market strategist at Clearpool Group in New York, said after the Fed's statement was released.
| By: Noel Randewich