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UPDATE 1-Starwood reaches out to potential bidders -sources

July 30- Starwood Hotels& Resorts Worldwide Inc has reached out to potential bidders including InterContinental Hotels Group Plc and Wyndham Worldwide Corp after it decided to explore a sale, according to people familiar with the matter. Intercontinental and Wyndham declined to comment. A tie-up between Intercontinental and Starwood could take the form of...
Source: Reuters
UPDATE 4-With no sign of oil price rebound, Shell wields axe again

*Shell cuts 2015 capex by another $3 bln to $30 bln. LONDON, July 30- Royal Dutch Shell is to axe 6,500 jobs this year and step up spending cuts as it seeks to reassure investors it can withstand an extended period of lower oil prices, even through its planned $70 billion acquisition of BG Group. Like rivals BP, Statoil and Total it announced reductions in capital...
Source: Reuters | By: Ron Bousso and Karolin Schaps
UPDATE 2-Shell to axe 6,500 jobs, cut spending to cope with lower oil prices

By Ron Bousso and Karolin Schaps. LONDON, July 30- Royal Dutch Shell is to axe 6,500 jobs this year and step up spending cuts to deal with an extended period of lower oil prices which contributed to a 37 percent drop in the oil and gas group's second-quarter profits. The Anglo-Dutch company also said it was planning more asset disposals as it pushes ahead with its...
Source: Reuters
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-Higher incentives, strong dollar weigh on MasterCard's revenue

July 29- MasterCard Inc, the operator of the world's second largest payment network, reported lower-than-expected quarterly revenue as it offered more rebates and incentives to win deals. MasterCard was also hurt by a strong dollar as markets outside the United States account for nearly 60 percent of its purchase volumes. Mastercard usually pays higher...
Source: Reuters | By: Sudarshan Varadhan
UPDATE 1-Bombardier says not in talks with Siemens on rail deal

MONTREAL/ FRANKFURT, July 29- Canadian plane and train maker Bombardier Inc denied a report on Wednesday that it is in talks with German engineering group Siemens AG on merging their rail units. The news comes after Siemens earlier this year downplayed the idea that it could combine its rail assets, which include trains, trams and signalling technology, with...
Source: Reuters | By: Allison Lampert and Maria Sheahan
US extends JP Morgan bank breach investigation

Federal authorities continue their investigation into the suspects of last year's online attack against JPMorgan Chase, The New York Times reports.
Source: The New York Times | By: Matthew Goldstein
Focus on fixed income ahead of Fed: Jeff Rosenberg  

Jeff Rosenberg, BlackRock, and Robert Wolf, 32 Advisors CEO, discuss the impact of an interest rate hike on the markets.
Source: CNBC.com
Anger grows over two-speed Poland, fueling political shift

PIONKI, Poland- Marek Bogacki feels life in Poland 26 years after the fall of communism could hardly be better. Wearing a fine shirt and tie and enjoying brunch at a French bakery in Warsaw, the 35- year-old investment director at an insurance company ticked off places where he has vacationed, from New York to Thailand to Paris, saying the prosperity and freedom...
Source: The Associated Press | By: By VANESSA GERA, Associated Press
UPDATE 1-Nintendo swings to Q1 op profit on strong figurine sales, weak yen

TOKYO, July 29- Japan's Nintendo Co Ltd on Wednesday booked a profit for the April-June quarter, defying market expectations for a loss due to a weaker yen and strong sales of its "amiibo" figurines which are sold as accessories to its popular games. Nintendo swung to a first-quarter operating profit of 1.1 billion yen from a loss of 9.5 billion yen a year earlier.
Source: Reuters