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The head of Societe Generale's Russian unit Rosbank faced up to seven years in jail for bribery on Thursday after Russian investigators released a film of him with cash piled on his desk.
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*Wheat falls below $7 a bushel to a two-week low. CHICAGO, May 15- Wheat futures on the Chicago Board of Trade fell more than 2 percent to a two-week low on Wednesday in reaction to technical selling, a stronger U.S. dollar and lackluster exports of U.S. grain, traders said. July soybeans fell 3-3/ 4 cents at $14.11 a bushel and July corn was down 1/ 4 cent at $6.52- 1/ 4 a bushel.
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*BG Group, OGX, Total, BP among winners at Brazil auction. RIO DE JANEIRO, May 15- For the first time in nearly five years, Brazil's flagging oil industry has received serious interest from private investors.
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MOSCOW, May 15- International leaders are moving closer to taking action on corporate tax avoidance, despite challenges, a top official at the Organisation for Economic Co-operation and Development said on Wednesday.
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CHICAGO, May 15- Wheat futures on the Chicago Board of Trade fell more than 1 percent on Wednesday on lackluster export demand for U.S. grain, a stronger U.S. dollar and technical selling, traders said. At the CBOT as of 10:25 a.m. CDT, July wheat was down 8-1/ 2 cents at $7.02- 1/ 4 per bushel.
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*Industry cuts will help lift price above $2,000/ tonne. *China market in balance, little likelihood of exports soon. RUSAL estimates a fifth of global production outside China is loss-making, even with demand expected to grow 6 to 7 percent in 2013..
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MOSCOW, May 15- MegaFon has overtaken its main competitor in Russia's cut-throat mobile phone market, posting bumper earnings on Wednesday to help crown it leader by market value and put its other rival in the shade.
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The complaint comes from the tiny African state of Comoros, a member of the court, though Israel is not. Prosecutor Fatou Bensouda said she met Tuesday with lawyers from a Turkish law firm that is representing Comoros. The Mavi Marmari was registered in Comoros, an archipelago off the African coast near Madagascar with a population of around 800,000..
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Russian spies still operate in the U.S. and American ones in Russia. On Tuesday, Russia's security services said they had caught a U.S. diplomat who they claim is a CIA official trying to recruit a Russian agent. She has stayed in the limelight since her deportation to Russia, hosting a reality TV show, modeling lingerie and becoming the face of a Moscow bank.
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*Black Sea expected to remain among the cheapest suppliers. *USDA's Black Sea crop estimates may prove too optimistic. While Russia and Ukraine are expected to store some grain, analysts said they would remain one of the world's cheap suppliers, typically attracting interest from price-sensitive buyers in north Africa and the Middle East.
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AMSTERDAM/ SINGAPORE, May 15- Chicago corn slid for a second day on Wednesday on hopes that dry weather this week across the U.S. grain belt will boost planting, which is running at a record low pace. Soybeans were little changed, with the market underpinned by tight old-crop supplies and expectations of strong demand.
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MOSCOW, May 15- The chief executive of Societe Generale's Russian unit was held in Moscow on Wednesday on suspicion of receiving bribes, dealing a blow to the French bank's hopes of achieving a turnaround on its primary foreign market.
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MOSCOW, May 15- Russia's government has no room to raise spending, Finance Minister Anton Siluanov said on Wednesday, stoking a debate over whether fiscal stimulus should be deployed to revive flagging economic growth.
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NICOSIA, May 15- When the Cyprus bank run began earlier this year, Russians set much of the pace. Prepared in April by private sector lenders Bank of Cyprus and Laiki Bank, and passed to lawmakers by the island's central bank, the documents list 5,323 transactions, most previously undisclosed.
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KABUL, May 15- U.S. forces in Afghanistan are hoping that a small steel industry can be born from the mammoth task of withdrawing equipment by the end of next year, jump-starting a scrap trade and injecting cash into local businesses.
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*BG Group, OGX, Total, BP among big winners at Brazil auction. RIO DE JANEIRO, May 15- For the first time in nearly five years, Brazil's flagging oil industry has received a jolt of serious interest from private investors.
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WASHINGTON, May 14- The United States has made substantial progress in recent talks on computer hacking issues with both China and Russia, a White House official told the Reuters Cybersecurity Summit on Tuesday.
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May 14- Smithfield Foods Inc, the world's largest pork producer, said on Tuesday it will soon raise half of its hogs on feed that does not contain the additive ractopamine, a lean muscle promoting drug that has been banned in China and Russia.
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NEW YORK, May 14- A seventh defendant pleaded not guilty on Tuesday to charges he participated in a global ATM heist that stole $45 million from two Middle East banks. Elvis Rodriguez, 24, was accused of being a member of a "casher" crew that withdrew hundreds of thousands of dollars in New York as part of the heist.
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FRANKFURT, May 14- Ford Sollers, the Russian joint venture of U.S. carmaker Ford Motor Co, will build the EcoSport in Russia next year, at a time when the market for small SUVs is gaining traction in the country, Ford officials said on Tuesday. Ford Sollers broke ground on a $274 million powertrain plant in Russia on Tuesday.
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Attorney General Eric Holder was likely to face a storm of questions on Tuesday over the Justice Department's controversial decision to seize telephone records of the Associated Press, a move denounced by critics as a gross intrusion into freedom of the press.