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  • *Prices could be capped above $50 a barrel due to glut- analyst. SINGAPORE, May 25- Oil futures pushed closer to $50 a barrel on Wednesday, with U.S. crude hitting its highest in over seven months after industry data suggested a larger-than-expected drawdown in U.S. crude inventories last week. U.S. crude futures had climbed 62 cents to $49.24 a barrel by 0249 GMT, after...

  • SINGAPORE, May 24- Oil prices fell in thin trade on Tuesday as the U.S. dollar strengthened, but losses were curbed by a likely drawdown in U.S. crude and gasoline stockpiles. Brent futures had declined 42 cents to $47.93 a barrel by 0643 GMT, after closing down 37 cents in the previous session. U.S. crude futures dropped 32 cents to $47.76 a barrel, having settled down 33...

  • SINGAPORE, May 24- Oil prices fell in thin trade on Tuesday as the U.S. dollar strengthened, but losses were curbed by a likely drawdown in U.S. crude and gasoline stockpiles. Brent futures had declined 14 cents to $48.21 a barrel by 0307 GMT, after closing down 37 cents in the previous session. U.S. crude futures dropped 8 cents to $48.00 a barrel, having settled down 33...

  • *China, Japan shares lead regional markets lower. *Fed Chair Janet Yellen eyed after recent hawkish comments. MSCI's broadest index of Asia-Pacific shares outside Japan slid 0.4 percent, taking its losses to nearly 5 percent so far this month and nearing its lowest levels since March 9.

  • TOKYO, May 24- Asian shares were nearly flat in early trading on Tuesday, while the dollar rebounded from steep losses against the yen in the previous session. MSCI's broadest index of Asia-Pacific shares outside Japan did not stray far from its previous close, after Wall Street closed with modest losses overnight. "While markets may be flat for now, the saying goes'...

  • Speakers: European Central Bank Chief Economist Peter Praet, banking supervision chief Daniele Nouy, Single Resolution Board chief Elke Konig and Governing Council members Francois Villeroy de Galhau, Luis Maria Linde and Klaas Knot. MADRID- European Central Bank banking supervision chief Daniele Nouy speaks at the 2016 IIF Spring Membership Meeting- 1230...

  • CHICAGO, May 23- End-users stocking up on hams for the winter holidays pushed their total in U.S. cold storage warehouses in April beyond their five-year averages, an analyst said following Monday's government monthly cold storage report. He added that last month's increased ham stocks also likely reflected product awaiting shipment that was initially...

  • LONDON— London Mayor Sadiq Khan says an all-night underground service will start running on two of the city's lines in August. He said Monday the initial all-night service will be offered on weekends on the Central and Victoria lines from Aug. 19. Khan said the expanded service "is absolutely vital to my plans to support and grow London's night-time economy."

  • WELLINGTON, Fla. _ KLX Inc. on Monday reported fiscal first-quarter profit of $6.2 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share. Three analysts surveyed by Zacks expected $378.6 million.

  • *Brent to average $45 per bbl this year, up from $39- Goldman. Brent futures had dropped 57 cents to $48.15 a barrel by 0641 GMT, after ending the previous session 9 cents down. That came as U.S. crude rose 3.3 percent last week, while Brent was up 1.7 percent, as unplanned supply outages rose to the highest since at least 2011 due to wildfires in Canada and losses in Nigeria,...

  • *Brent to average $45 per bbl this year, up from $39- Goldman. Brent futures were down 18 cents at $48.54 a barrel as of 0421 GMT, after ending the previous session 9 cents down. That came as U.S. crude rose 3.3 percent last week, while Brent was up 1.7 percent, as unplanned supply outages rose to the highest since at least 2011 due to wildfires in Canada and losses in Nigeria,...

  • Brent futures were down 14 cents at $48.58 a barrel as of 0154 GMT, after ending the previous session 9 cents down. That came as U.S. crude rose 3.3 percent last week, while Brent was up 1.7 percent, as unplanned supply outages rose to the highest since at least 2011 due to wildfires in Canada and losses in Nigeria, Libya and Venezuela. "It's hard to trade with the current...

  • *Dollar/yen falls on Japan trade data, weaker Nikkei. TOKYO/ SYDNEY, May 23- The dollar fell versus the yen on Monday, dragged lower by sliding Tokyo stocks and data showing Japan logged a much larger-than-expected trade surplus in April. Japan logged a trade surplus for the third consecutive month.

  • BEIJING, China- Federal Reserve Bank of St. Louis President James Bullard gives Beijing City Lecture on the U.S. economy and monetary policy before the Official Monetary and Financial Institution Forum- 0930 GMT. PHILADELPHIA- Federal Reserve Bank of Philadelphia President Patrick Harker speaks on the economic outlook at event, "An Evening with Federal...

  • *More demand for copper in China as local prices rise. LONDON, May 20- Aluminum hit its highest in a week on Friday as speculators closed out bearish positions before the weekend, but it pared gains and other metals dipped as the dollar rebounded. Three-month aluminum on the London Metal Exchange closed up 0.1 percent at $1,547 a tonne, reeling back after touching...

  • *More demand for copper in China as local prices rise. LONDON, May 20- Aluminum touched the highest in a week and copper bounced on Friday from three-months lows hit earlier this week as speculators closed out bearish positions before the weekend and the dollar took a breather from recent rises. Three month aluminum on the London Metal Exchange gained 1.4 percent...

  • *Regulators start to look at fintech innovation. LONDON/ HONG KONG, May 20- The' fintech' sector hoping to revolutionize finance with the adoption of blockchain, or distributed ledger technology, is forcing global financial regulators to start looking at whether they need to change the rules governing markets and banking. Andrew Bailey, deputy governor of the...

  • LONDON, May 20- The dollar headed for a third straight week of gains on Friday, with more hints that a U.S. interest rate rise is nearing keeping it close to two-month highs after it strengthened past $1.12 per euro for the first time since March. Britain's pound, on course for its strongest week against the euro since last October after fears about next month's vote...

  • *Robust UK retail sales data bolster sterling. SYDNEY/ TOKYO, May 20- The dollar held at its highest in nearly two months against a basket of major currencies early on Friday, on track for a third week of gains as investors awaken to the risk of a hike in U.S. interest rates as early as next month. New York Federal Reserve President William Dudley on Thursday said the U.S....

  • *China's MMG faces $378 mln rehab cost at Century. MELBOURNE, May 20- Major miners are trying to avoid hundreds of millions of dollars in closure costs by selling off pits, as cash is tight due to a prolonged commodities price slump, but the crippling cost of environmental rehabilitation makes it tough to seal deals. In a cautionary tale, China's MMG Ltd had to hike its...