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  • Banks are rising after Fed Chair Janet Yellen confirmed that the central bank intends to keep raising interest rates provided the economy keeps improving. Verizon reportedly agreed in principle to a new contract with striking employees, and telecom stocks edged higher. YELLEN: Federal Reserve Chair Janet Yellen says it will be "appropriate" to raise interest...

  • *Amsterdam attracting a series of new listings. Philips set an IPO price of 20 euros Thursday night, implying a market capitalisation of 3 billion euros, or an enterprise value of 4.5 billion euros including debt.. The shares rose eight percent to 21.45 euros in early trading in Amsterdam.

  • LONDON, May 27- Emerging stocks enjoyed their first weekly gains since mid-April on Friday but currencies remained under pressure as investors remained divided on the prospect of a June interest rate rise in the United States. MSCI's emerging equity index gained 0.7 percent on the day and is up 3 percent so far this week, lifted by gains in bourses across Asia,...

  • LONDON, May 27- The U.S dollar rose on Friday while world stock markets were steady, as investors braced for the likelihood of a hike in U.S. interest rates in coming months. The MSCI All-Country World equity index edged higher by 0.1 percent. "Markets are doing remarkably well given that a U.S. interest rate rise might happen as early as next month," said Lex Van Dam,...

  • *Sees value in investment grade corporate bonds in US, Europe. TOKYO, May 27- Even though the Federal Reserve is expected to raise interest rates, long-term U.S. bond yields are unlikely to rise due to China's slowdown and negative rates in Japan and Europe, the top fund manager of Invesco Ltd's $240 bln global bond funds said. Gregory McGreevey, Atlanta- based CEO of...

  • AMSTERDAM— Shares in the lighting division of Dutch electronics giant Philips have soared, early on their first day of trading on the Amsterdam exchange. The price for Friday's initial public offering was set at 20 euros per share, giving the newly independent unit a market capitalization of 3 billion euros, but investors quickly drove the price up more than 7...

  • KEEPING SCORE: European stocks drifted lower in early trading, with France's CAC 40 dipping 0.2 percent to 4,504.70 and Germany's DAX slipping 0.2 percent to 10,255.39. Britain's FTSE 100 was nearly flat at 6,265.12. She's scheduled to hold a "conversation" about interest rates with a professor at an event at Harvard University.

  • *STOXX up 0.1 pct after touching 4- week high in previous session. MILAN/ LONDON, May 26 (Reuters)- European shares steadied on Thursday, with banks coming under pressure after a surprise rights issue by Spain's Banco Popular raised fears that others in the region may follow to strengthen their balance sheets. Europe's banking sector index gave up part of those...

  • ATHENS, Greece— Greece is planning a gradual return to international debt markets next year, a senior Finance Ministry said Thursday. Greece has been locked out of debt markets since 2010, with a brief return two years ago. Hours after agreement was reached, Fitch ratings agency said the disbursement of 10.3 billion euros meant that Greece would not face...

  • *Oil turns lower after hitting $50 a barrel. NEW YORK, May 26- The U.S. dollar fell on Thursday after U.S. durable goods orders data showed weakness in business spending plans, while world stock indexes were little changed after two days of strong gains. "The market is not really seeing any signs here of an improvement in business spending," said Thierry Albert Wizman,...

  • NEW YORK— U.S. stocks are hardly budging Thursday after big gains over the last two days. KEEPING SCORE: The Dow Jones industrial average fell 21 points, or 0.2 percent, to 17,830 as of 11:39 a.m. Eastern time. THE QUOTE: Stocks have climbed over the last two days and are trading close to their highest prices in 2016. Jim McDonald, chief investment strategist for...

  • LONDON, May 26- Emerging stocks hovered near 10- day highs on Thursday as oil price gains lifted markets in Russia and other oil producers, while hopes of a currency devaluation pushed Nigerian stocks to new 4-1/ 2 month highs. Emerging assets have pushed higher this week helped by a strong performance on Wall Street and other developed markets, while oil prices...

  • *Spain, Italy underperform, hit by their banks. LONDON, May 26- European shares were mixed on Thursday, with banks in Italy and Spain on the back foot following a recent rally while commodity stocks were boosted as Brent crude oil prices hit $50 a barrel for the first time since November. Britain's FTSE 100, France's CAC and Germany's DAX were all flat to 0.3 percent...

  • *Brent oil tops $50/ barrel first time in nearly 7 months. *European, Asian shares edge up; commodity stocks outperform. LONDON, May 26- Brent crude oil topped $50 a barrel for the first time in nearly seven months on Thursday lifting commodity and energy-related shares in Europe and Asia though worries about U.S. interest rates and signs of slowdown in China limited...

  • LONDON— Stock markets around the world edged higher Thursday as traders interpreted the rise in oil prices to $50 a barrel for the first time this year as a positive sign for the global economy. KEEPING SCORE: In Europe, Britain's FTSE 100 was up 0.1 percent at 6,271 while France's CAC rose 0.7 percent to 4,511. Germany's DAX continued its rapid ascent, rising 0.7...

  • TOKYO, May 26- Japanese stocks inched higher in choppy trade on Thursday following a rise in oil prices and gains on Wall Street, but indexes remained vulnerable to yen volatility as the currency see-saws against the dollar. "Since the beginning of the month we've seen the yen slide back against the dollar but the return is far from linear and the intra-day...

  • NEW YORK, May 25- Oil prices climbed to just shy of $50 a barrel on Wednesday after a sharper-than-expected fall in crude inventories, lifting energy shares and world stock markets. "What you're seeing is a recognition that this is going to happen and investors are getting more comfortable with it," said Kurt Brunner, a portfolio manager at Swarthmore Group in...

  • NEW YORK, May 25- Oil prices and energy shares rose on Wednesday after a sharper-than-expected fall in crude inventories, lifting world stock markets. "Investors have started to seriously contemplate the prospect of a hike at the start of the summer," said Luke Bartholomew, global macro investment manager at Aberdeen in London. Brent oil was up 90 cents at $49.51,...

  • NEW YORK, May 25- Oil prices rose on Wednesday after a sharper-than-expected fall in inventories and gains in energy shares lifted world stock markets. "Investors have started to seriously contemplate the prospect of a hike at the start of the summer," said Luke Bartholomew, global macro investment manager at Aberdeen in London. Brent oil was up 45 cents at $49.06,...

  • *FTSE near 1- month high, up 0.7 pct. "There is some good news for investors as it looks like they may not have to face another summer of high volatility with respect to Greece," said Naeem Aslam, chief market analyst at TF Global Markets UK Limited. However, M&S slumped more than 9 percent, the worst-performing FTSE 100 stock in percentage terms as it headed for its...