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  • *Bundesbank chief says can't always be about buying Greece time. RIGA, May 22- European leaders told Greece on Friday to return to the negotiating table for "intensive work" to wrap up a reform agreement before cash runs out, sidestepping Athens' demand for a comprehensive, long-term solution to its troubles. The leaders offered help, but told Tsipras to get back to...

  • LONDON, May 22- Copper prices fell on Friday on worries about demand in top consumer China, while nickel hit a four-week low after stocks in LME registered warehouses climbed to a record high. Three-month copper traded down at $6,200 a tonne in official rings from $6,260 at Thursday's close. "The fundamental situation in the copper market clearly speaks to higher...

  • LONDON, May 22- A shortage of prime office space in rival European financial centres may torpedo plans by some of London's banks to quit the UK capital if Britain opts out of European Union membership. Deutsche Bank, the euro zone's second largest bank by assets, confirmed this week it was considering cutting its UK operations if the country pulled out, and other...

  • *Islamic State advances in Iraq, Syria raise supply worries. LONDON, May 22- Oil prices slipped on Friday as worries over the impact of war in the Middle East on crude supplies were outweighed by reports of profit-taking ahead of a long weekend. "No one wants to hold open positions ahead of a long weekend so books are being squared, bringing some consolidation," said...

  • *China worries weigh on copper. LONDON, May 22- Copper fell on Friday as worries about China dominated sentiment, but expectations of stronger demand from the top consumer over coming months limited losses. "The fundamental situation in the copper market clearly speaks to higher prices," said Daniel Briesemann, analyst at Commerzbank in Frankfurt.

  • RIGA, May 22- British Prime Minister David Cameron on Friday began his campaign to persuade European leaders to make changes to the European Union before he holds a referendum to decide whether Britain should stay in or quit the bloc. Cameron was due to hold talks with European Council President Donald Tusk and a handful of EU government heads on the sidelines of...

  • BERLIN, May 22- German business morale deteriorated slightly in May for the first time in seven months though it remained at a high level overall, a leading survey showed, adding to signs of softening in Europe's largest economy. The Munich- based Ifo think tank said its business climate index, based on a monthly survey of 7,000 firms, edged down to 108.5 in May from...

  • FRANKFURT, Germany— European Central Bank head Mario Draghi says governments that share the euro currency shouldn't wait for better times to push through reforms that would boost sluggish growth. The jobless rate is 11.3 percent for the 19 European Union member countries that use the euro, and 50 percent for young people in Spain and Greece.

  • *Islamic State advances in Iraq, Syria raise supply worries. LONDON, May 22- Oil prices steadied on Friday as worries over the impact on crude supplies of war in the Middle East were balanced by reports of profit-taking ahead of a long weekend. "No one wants to hold open positions ahead of a long weekend so books are being squared, bringing some consolidation," said...

  • German business confidence drops slightly in May Friday, 22 May 2015 | 4:13 AM ET

    BERLIN— A closely watched survey shows German business confidence has slightly slipped as companies expressed satisfaction with their current situation but increasing worries about the future. The Ifo Institute said Friday its Business Climate Index dipped to 108.5 points for May from 108.6 points the month before. The survey of some 7,000 firms in...

  • Merkel and French President Francois Hollande spoke for about two hours with their Greek counterpart, Alexis Tsipras, at a summit in Latvia in an effort to pave the way for a deal to get Greece more loans. The "friendly and constructive exchange" came after a leading official from Tsipras' party warned that Greece will not be able to repay a loan to the International...

  • *Rainer Neske, retail chief and others to depart. FRANKFURT, May 21- Deutsche Bank gave more power to co-chief executive Anshu Jain in a management shake-up that was roundly criticised by investors on Thursday who demanded more changes to restore confidence in the leadership of Germany's largest bank. Making Jain directly responsible for cutting Deutsche...

  • *Deutsche Bank reshuffles management board ahead of investor vote. FRANKFURT, May 21- Deutsche Bank boosted the power of co-chief executive Anshu Jain in a management shakeup, but shareholders criticised the moves as insufficient and demanded more changes to restore confidence in the leadership of Germany's largest bank. Deutsche Bank has trailed rivals...

  • FRANKFURT, May 21- Germany's premium carmakers Mercedes, Audi and BMW have teamed up with private equity firm General Atlantic to increase their firepower to acquire Nokia's mapping unit HERE, according to two people familiar with the matter. Finland's Nokia started a strategic review of its maps business last month, setting in motion an auction process that...

  • *G7 ministers to discuss Greece, yuan, growth, bubbles. BERLIN, May 21- German Finance Minister Wolfgang Schaeuble has told Reuters the Greek government's optimism about clinching a cash-for-reforms deal with its lenders within days is not backed up by the negotiations, and he cannot rule out Greece becoming insolvent. But Schaeuble said reports from the...

  • *Deutsche Bank reshuffles management board. *Rainer Neske, retail chief and others to depart. FRANKFURT, May 21- Deutsche Bank boosted the power of co-chief executive Anshu Jain in a management shakeup, but shareholders dismissed the moves as insufficient and demanded more changes to restore confidence in the leadership of Germany's largest bank.

  • FRANKFURT, Germany— Accounts of the European Central Bank's last meeting show it is committed to completing its 1.1 trillion-euro stimulus program. But minutes to the ECB's April 15 policy meeting released Thursday confirm it is committed to its "firm implementation" until at least September next year. The ECB's governing council, the minutes say, "reaffirmed...

  • *Deutsche Bank reshuffles management board. FRANKFURT, May 21- Deutsche Bank has beefed up the powers of co-chief executive Anshu Jain and reduced the influence of his partner Juergen Fitschen in a management shake-up aimed at improving performance and mollifying shareholders. The changes, revealed late on Wednesday, make Indian-born Jain accountable for...

  • DIARY- Top Economic Events to June 3 Wednesday, 20 May 2015 | 8:01 PM ET

    SINTRA, Portugal- European Central Bank forum on central banking. Speakers:- ECB President Mario Draghi and board member Peter Praet, IMF Economic Counsellor Olivier Blanchard, BoE Governor Mark Carney, Central Bank of Mexico Governor Agustin Carstens, Central Bank of Ireland Governor Patrick Honohan, Organisation for Economic Co-operation and Development...

  • ECB under fire over market-sensitive closed-door speech Wednesday, 20 May 2015 | 3:15 PM ET

    *ECB speech released only day after delivery. LONDON/ FRANKFURT, May 20- The European Central Bank is under fire after one of its policymakers gave market sensitive information to an invitation-only conference attended released. Coeure gave the speech to the conference in London, which was also attended by bankers and academics, on Monday evening.