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Throughout Europe's debt crisis, northern European leaders have often said they will not stand for taxpayers having to fork out for other countries' problems, and the notion of "taxpayer-funded bailouts" has taken root.
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*Corn, wheat decline in profit-taking setback. CHICAGO, May 24- U.S. soybean futures slipped lower on Friday for the first time in seven sessions and corn eased after two days of gains as investors squared ahead the long Memorial Day holiday weekend.
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*Corn edges down, up 1 percent for the week. AMSTERDAM/ SYDNEY, May 24- Chicago Board of Trade soybeans edged lower ahead of a long U.S. weekend, following six sessions of gains, but were still up for the week as tight old-crop stocks and strong demand supported prices.
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*Pentagon report shows $4.5 bln drop in F-35 cost. WASHINGTON, May 23- The Pentagon on Thursday told Congress it expected a 1 percent drop in the cost of its biggest weapons program, the Lockheed Martin Corp. F-35 fighter jet, while averting the huge cost increases seen on other weapons programs in recent years.
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WASHINGTON, May 23- The Pentagon's annual report to Congress shows a decline of $4.5 billion, or just over 1 percent, in the projected development and acquisition cost of the Lockheed Martin Corp F-35 fighter jet program, sources familiar with the data said on Thursday.
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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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BRUSSELS, May 23- The European Commission has torn 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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*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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BRUSSELS, May 23- Large companies should disclose how much tax they pay in each country where they operate, the European Commission's top regulatory official said, in the text of a speech to be delivered on Thursday.
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BRUSSELS, May 23- Large companies should disclose how much tax they pay in each country where they operate, the European Commission's top regulatory official said, in the text of a speech to be delivered on Thursday.
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LyondellBasell Industries NV said Wednesday that it will buy back shares, increase its dividend and update its board. LyondellBasell said that shareholders at the company's annual meeting approved a plan to repurchase up to 10 percent of the company's outstanding stock.
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*Kurdistan to start deliveries to second terminal in Turkey. LONDON, May 22- Iraqi Kurdistan's crude oil sales to world markets, deemed illegal by Baghdad, are set to rise by nearly 50 percent next month as trucks start deliveries to a second export terminal in Turkey, industry sources in the region said on Wednesday.
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TALLAHASSEE, Fla.-- In just two-and-a-half years Florida Gov. Scott arrived early Tuesday in the South American country of Chile as part of a trade mission with more than 100 people, including top officials from the state's ports and leaders of companies such as Florida Power& Light.
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*Sudan hopes to offset loss of oil to South Sudan. NEAR SOFIYA, Sudan, May 22- In a hangar-shaped factory hall in central Sudan a dozen workers rush to pack refined white sugar gushing from a funnel into paper bags to be loaded on three trucks parked outside.
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HOUSTON-- A man accused of vandalizing a 1929 Pablo Picasso painting in a Houston museum _ an act that was caught on cellphone video _ agreed Tuesday to a two-year prison term as part of a plea deal with prosecutors.
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FRANKFURT, May 22- Almost a year after ECB President Mario Draghi vowed to do whatever it takes to save the euro, a key indicator of euro zone tension is much diminished and economic recovery will likely bring further improvement.
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LONDON, May 21- The European Commission is asking oil traders across the continent to provide evidence of market abuse to determine whether companies sought to manipulate prices reported to leading price-setting agency Platts.
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*German wholesale power is cheaper than in France, Netherlands. LONDON/ FRANKFURT, May 21- German households are paying for ever cheaper wholesale power supplies to industry as the government uses money from soaring domestic bills to subsidise renewable energy, in turn creating overcapacity on the country's grid.
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A slowdown in British inflation sent sterling to a 7- week low on the view it could give the Bank of England more leeway to support the UK economy, and the yen lost ground after a Japanese minister rowed back on remarks suggesting the currency had weakened enough.
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*Group wants to move tax residence to UK from Italy. MILAN, May 21- Truck and tractor maker Fiat Industrial intends to move its tax residence to the UK from Italy after its planned merger with unit CNH, according to a filing with U.S. regulators, a move that would lower its tax bill.
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*Ghana wants to increase investment in cocoa sector. *Ghana has strong democratic institutions, oil wealth funds. Ghana is used to resource riches: it is already the world's number two cocoa producer and Africa's second-largest gold miner.