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  • TOKYO— Asian stock markets were mostly lower Wednesday as Greece's bailout woes and a stagnant Wall Street performance dampened investor sentiment. Greece's prime minister was set to meet European Commission President Jean-Claude Juncker in Brussels to discuss his proposal to secure a vital, long-overdue agreement with the country's bailout lenders.

  • *City growth would help generate 145,000 new jobs in London. A report commissioned by the City of London Corporation, which promotes London as a financial center, said the City generated 45 billion pounds in what it termed economic output in 2014, with that figure expected to grow by 16 billion in the next 10 years. "This report shows how vital the City's success is...

  • NEW YORK, June 2- Oil prices rose on Tuesday, driven by a weak dollar and expectations that U.S. crude supplies could have fallen last week for a fifth straight week. But the American Petroleum Institute estimated an inventory build instead, in a report released after the market's settlement, causing oil to pare some of its earlier gains. The government-run Energy...

  • The likelihood of high global supplies from OPEC's lack of will to cut output when it meets this week remained a factor for the market, but did not immediately impact prices. Ministers from the Organization of the Petroleum Exporting Countries, responsible for more than a third of the world's crude output, meet in Vienna on Friday to decide on production policy...

  • LONDON, June 2- Tom Hayes, the first trader to stand trial on alleged Libor rigging charges, was called by Merrill Lynch and Deutsche Bank about possible job offers after being fired by Citigroup for alleged interest rate rigging, a London court heard on Tuesday. Hayes, who worked for UBS as a derivatives trader in Tokyo until he was poached by Citigroup> in 2009, has...

  • *Fintech labs planned for London, Berlin, Silicon Valley. FRANKFURT, June 2- Deutsche Bank aims to launch three technology innovation labs in Berlin, London and Silicon Valley this year designed to accelerate development of so-called "fintech" companies which could aid the banking sector and its clients. A spokesman for Deutsche Bank declined comment.

  • The likelihood of high global supplies from OPEC's lack of will to cut output when it meets this week remained a factor for the market, but did not immediately impact prices. Ministers from the Organization of the Petroleum Exporting Countries, responsible for more than a third of the world's crude output, meet in Vienna on Friday to decide on production policy...

  • *Online apps and websites revolutionising trading. LONDON, May 29- When Noa Strijbos picks a financial asset to trade on her smartphone while taking her dog for a walk, almost 26,000 people pay close attention. Regulators are cracking down on the murkier parts of tech-driven trading, and recently a trader from the London suburbs has been accused of helping to...

  • "In the UK, the real political uncertainty for our sector comes from the dual and interconnected possibility that the UK could leave the EU and that the UK could dissolve if Scotland voted to become independent," Evans said. Scotland's First Minister Nicola Sturgeon told British Prime Minister David Cameron on Tuesday he could provoke another independence...

  • *Investors believe HSBC bosses need to announce bold moves. LONDON, June 2- No longer feared as "too big to fail", shareholders are weighing whether HSBC is now "too big to succeed", and want to know next week how the bank's bosses propose to increase profitability at a sprawling group beset by huge costs. "This investor day is potentially a very significant event," said...

  • Greece's creditors are close to finishing a draft agreement to put to the leftist government in Athens, a source close to the talks said on Tuesday, injecting new momentum into long-running negotiations to release aid for the cash-strapped country. Yannis Stournaras, the head of the Greek central bank, said an agreement between Athens and its creditors from...

  • *Hopes for Greece deal with creditors lifts euro. NEW YORK, June 2- The euro strengthened against the U.S. dollar, which was on track on Tuesday to post its biggest one-day loss against the single currency since mid-March, on expectations that Greece would reach a deal with its creditors. "It's certainly my expectation that within the next two days you're going to see...

  • LONDON, June 2- The chief executive of Aberdeen Asset Management, Martin Gilbert, said on Tuesday the bond market posed a systemic risk as and when interest rates rise, although he still hoped it would be a "damp squib". Gilbert also touched on several other leading sector topics including the potential impact on the industry should Britain vote to leave the...

  • The battle to be the world's No. 1 restaurant once again felt like a tussle between Spain and Denmark, with Italy caught in the middle. El Celler de Can Roca in Girona, Spain, got the top spot on the annual The World's 50 Best Restaurants announced Monday in London, beating Noma, Rene Redzepi's daringly innovative Danish restaurant, which fell from first to third place.

  • LONDON— One roller coaster car slammed into another Tuesday on one of Britain's biggest amusement park rides, leaving four teenagers seriously injured and stranding passengers 25 feet in the air, officials said. A car on the Smiler ride carrying 16 people crashed into an empty, stationary car at the Alton Towers amusement park a little after 2 p.m., the West...

  • LONDON, June 2- Greek shares fell on Tuesday on lingering uncertainty over the country's debt problems, while a rebound in the euro-- whose weakness has boosted German exporters-- pushed investors out of German stocks towards southern European bourses. Athens' benchmark ATG equity index retreated 1 percent, reflecting some investors' concerns over a lack of...

  • *European shares down as investors seek clarity over Greece. The leaders of Germany and France and Greece's international creditors agreed late on Monday to work with "real intensity" as they try to reach a deal that would prevent Athens from defaulting and potentially leaving the euro zone. Greek Prime Minister Tsipras said Athens had sent creditors a "...

  • *Euro gains ground absent clear progress on Greece. LONDON, June 2- The euro rose one percent on Tuesday after a better-than- expected inflation number pushed it through resistance at $1.10, triggering automatic orders to limit losses for those betting on further gains for the dollar. "A spike higher in the euro near the 50- day moving average, helped by the better...

  • The joint declaration issued by six European oil and gas majors was cautiously embraced by the United Nations, which will host negotiations this December in Paris aimed at designing a plan to cut the fossil fuel emissions that scientists blame for rising temperatures. Total SA, Statoil, BP Plc, Royal Dutch Shell Plc, Eni and BG Group Plc called for "decisive action"...

  • JOHANNESBURG, June 2- When Wal-Mart Stores Inc spent $2.4 billion on a stake in South Africa's Massmart five years ago, the world's biggest retailer said it was buying a gateway to high-growth markets in sub-Saharan Africa. Massmart's slow inroads into the rest of the continent, touted as the next big growth area, highlight the challenges of doing business in...