Discussing the future relationship between the U.S. and China, with CNBC's Michelle Caruso-Cabrera.» Read More
SHANGHAI, May 25- Chinese Premier Li Keqiang criticised the European Union over its plans to investigate alleged anti-competitive behaviour by Chinese mobile telecom equipment makers and to impose punitive import duties on solar panels from China, state media reported.
MEXICO CITY, May 24- Latin American countries have little room to boost growth with fiscal or monetary stimulus as their economies slow and a slump in commodities prices undercuts a pillar of recent strength, top officials told Reuters this week.
Discussing the future relationship between the U.S. and China, with CNBC's Michelle Caruso-Cabrera.
WASHINGTON, May 24- An influential U.S. senator expressed strong concerns on Friday about Japanese company SoftBank Corp's plan to buy 70 percent of Sprint Nextel, warning it could expose the United States to Chinese cyber attacks.
*U.S.- China deal reached after years of negotiations. NEW YORK, May 24- U.S. regulators will get access to Chinese companies' audit documents under a deal announced on Friday, opening the way to probes of bungled audits after a two-year stand-off between China and the United States.
NEW YORK, May 24- Brent oil prices crept higher on Friday, as traders exited short positions ahead of a long holiday weekend in the United States, but the weekly percentage drop was still the biggest in more than a month. Brent crude oil futures settled 20 cents higher at $102.64 per barrel, after trading between $101.65 and $102.79.
*Gold boosted this week by drop in stock markets, falling dollar. (Recasts, updates prices, adds comment, adds to byline, dateline NEW YORK, May 24- Gold turned modestly lower on Friday as some players exited positions ahead of a long U.S. weekend, but registered its biggest weekly percentage gain in a month, supported by a drop in stock markets and a softer dollar.
New York Senator Charles Schumer sent a letter to the FCC and the Treasury requesting more scrutiny of the recent Sprint deal with Japan's SoftBank. Derek Scissors, Heritage Foundation, weighs in.
*Industrial commodities weighed down by shaky China demand. *Gold rises 2 pct on week, helped by conviction of more stimulus.
NEW YORK, May 24- Oil prices rose in late afternoon trading in New York on Friday after a report of a gasoline unit shutdown at a refinery, and as traders bought contracts to cover short positions ahead of a long holiday weekend in the United States.
At a conference in Dublin on Friday the head of Ireland's largest bank gave small business leaders the "15- second elevator pitch" he gives to U.S. executives when he is in New York or Boston.
The growing appeal of luxury goods to men and increased confidence among affluent spenders are boosting sales and encouraging luxury brands to step up their investments in the U.S.
*Corn, wheat decline in profit-taking setback. CHICAGO, May 24- U.S. soybean futures fell on Friday for the first time in seven sessions and corn eased after two days of gains as investors squared positions ahead of the three-day U.S.
*Asia growth, talk of Fed QE tapering weighs on stocks. *HSBC leads financials lower on growth and US worries. LONDON, May 24- European shares fell on Friday, marking their first weekly loss in a month, led by financials on concern over earnings prospects in Asia and the potential scaling back of U.S. monetary stimulus.
LONDON, May 24- European shares fell for a second consecutive session on Friday, led by financials on concern over growth in Asia and the potential scaling back of U.S. monetary stimulus.
Harry Tchilinguirian, head of commodities market strategy at BNP Paribas, tells CNBC that continued QE by the US Fed, a pickup in the Chinese economy and a continued squeeze on Iranian production will drive oil up.
WASHINGTON, May 24- An influential U.S. senator on Friday expressed strong concerns about Japanese company Softbank Corp's plan to buy 70 percent of Sprint Nextel, the No. 3 mobile service provider, warning it could expose the United States to more Chinese cyber attacks.
*Shrinking factory activity in China limits oil demand growth. NEW YORK/ LONDON, May 24- Oil was poised to post its biggest weekly loss in more than a month on Friday on thin volumes ahead of a U.S. holiday weekend, a shaky outlook for demand in China, ample U.S. supplies, and the potential end of cheap money in the United States.
*Group may offer between $25 mln and $30 mln for loan. DETROIT/ BEIJING, May 24- Henrik Fisker is working with an investor group to salvage Fisker Automotive, the "green" car company he co-founded nearly six years ago that is now struggling to stave off bankruptcy, people familiar with the matter said this week.
The scenario raises concerns among many economists of what's become known as "sudden stops" in western investment flows to emerging markets- the most spectacular being the 1997/ 98 currency crises across Asia, Russia and Latin America but yet again at the height of the credit crisis in late 2008/ 2009..