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CNBC's correspondent, Stephane Pedrazzi, reports from Paris where IMF chief Christine Lagarde is being questioned for a role in a dispute when she was French finance minister in 2007.
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PARIS, May 23- IMF chief Christine Lagarde was questioned in court by French magistrates on Thursday over her role in a 285- million-euro arbitration payment made to a supporter of former president Nicolas Sarkozy.
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WASHINGTON _ Standard& Poor's releases S&P/Case-Shiller index of home prices for March and the first quarter, 9 a.m. Eastern; The Conference Board releases the Consumer Confidence Index for May, 10 a.m..
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That image problem needs addressing in part because Germany needs to attract foreign workers to make good shortages at home, while the bilateral nature of the initiatives is a measure of its leaders' frustration at the slow pace of the European Commission in taking action to deal with soaring joblessness among the young.
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BRUSSELS, May 23- The European Union is pledging 5 billion euros to boost research on semiconductors and other electronics items used in everything from smartphones to cars, in a bid to boost the sector which is lagging U.S. and Asian rivals.
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STOCKHOLM, May 23- The scene of Sweden's worst riots in years, Husby is on the surface at least a typically neat suburb of colourful playgrounds, manicured parks and low rise apartment buildings.
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*EU readies first shadow banking reform. LONDON, May 23- About half of the European Union's trillion euro money market funds would have to set aside a chunk of cash under a proposed EU reform to make a run on a fund in rocky markets less likely.
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WARSAW, Poland-- A 33- year-old Polish man received a face transplant just three weeks after being disfigured in a workplace accident, in what his doctors said Wednesday is the fastest time frame to date for such an operation. It was Poland's first face transplant.
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*France pushing to exempt culture from talks with US. BRUSSELS, May 23- European Union lawmakers voted on Thursday to limit the scope of a proposed free-trade deal between Europe and the United States, backing French demands to leave out culture and potentially irritating Washington.
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SAN FRANCISCO/ DUBLIN, May 23- Apple has operated almost tax-free in Ireland since 1980, welcomed by a government keen to bring jobs to what was then one of Europe's poorest country, former company executives and Irish officials have said. Apple must have seemed attractive to Ireland and to Cork.
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*Praet says ECB could expand its instruments. PARIS/ WASHINGTON, May 23- The European Central Bank is looking into expanding its range of policy tools, while the U.S. central bank is mulling scaling back its support measures, highlighting the contrasting fortunes between the world's two biggest economic blocs.
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PARIS, May 23- Christine Lagarde has made her mark as International Monetary Fund chief by taking a firm yet pragmatic stance in the austerity-versus-growth debate raging as Europe struggles to pull itself out of a long crisis.
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*Move follows accusations of interference by Brussels. BRUSSELS, May 23- The European Commission has decided to tear up new rules on how restaurants should serve olive oil less than a week after unveiling them, following widespread ridicule and accusations of unwanted interference.
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PARIS, May 23- IMF chief Christine Lagarde was questioned in court by a French magistrate on Thursday over her role in a 285- million-euro arbitration payment made to a supporter of former president Nicolas Sarkozy.
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LONDON, May 22- Share markets fell sharply on Thursday as investors piled back into safer assets, unnerved by the twin setbacks of unexpected weakness in China's economy and signals that the U.S. central bank may soon scale back its stimulus programme.
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PARIS, May 23- The Euro STOXX 50 Volatility Index surged 18 percent to a 3- week high on Thursday, as weak Chinese macro data and worries the U.S. Federal Reserve could soon trim its stimulus measures dented investors' appetite for risk.
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*Euro zone business downturn eases in May. LONDON, May 23- The downturn across euro zone businesses eased slightly this month, although a dearth of new orders means the bloc's economy is likely to contract again in the second quarter, business surveys showed on Thursday.
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CNBC's correspondent, Stephane Pedrazzi, reports from Paris where IMF chief Christine Lagarde is being questioned for a role in a dispute when she was French finance minister in 2007.
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Federal Reserve Chairman Ben Bernanke and weakness in China's factory activity rattled Asian markets on Thursday, sending stock prices down, the U.S. dollar to three-year highs, and Japanese government bond yields to their highest in a year.
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TUNIS, May 23- For the first time since the Arab Spring uprisings of 2011, relations between mainstream Islamists in government and radical Salafist Muslim activists have reached breaking point, sparking deadly clashes in two Tunisian cities.
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May 22- Delta Air Lines is letting a wave of orders for the newest planes on the market roll by, giving the jets time to prove themselves before buying, its chief executive told Reuters on Wednesday.