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  • A creditors' committee, led by Franklin Templeton, has put forward a plan which would save Ukraine $15.8 billion, or more than what it is aiming for, via extending bond maturities by up to 10 years and by cutting coupon payments in initial years, a separate source had said earlier. "What will be difficult in this proposal is that 40 percent of the debt is amortized...

  • FOREX-Dollar ends winning month mixed Friday, 29 May 2015 | 3:25 PM ET

    Euro ahead on Greece hopes. NEW YORK, May 29- The dollar was mixed on Friday with month-end selling after a recent rally, as traders saw little in weak first-quarter U.S. gross domestic product data to discourage bets the Federal Reserve will start raising interest rates in 2015.. "Underlying sentiment remains positive but the dollar is seeing some profit taking...

  • NEW YORK, May 29- Oil prices jumped almost 5 percent on Friday, their biggest rally in a month and a half, as a steady U.S. dollar and a bigger than expected drop in oil rigs set off a renewed rush of bullish bets. Brent crude settled at $65.56 a barrel, up $2.98, or 4.8 percent, on the day. U.S. crude has risen by as much as $4 a barrel after hitting a one-month low just a day ago,...

  • New class of drugs shows promise for cancer fight Friday, 29 May 2015 | 2:18 PM ET

    A study sheds light on why the new medicines seem to work for some cancers and not others, NYT reports.

  • *Boko Haram firmly in new leader's sights. ABUJA, May 29- New Nigerian President Muhammadu Buhari promised on Friday to eradicate the "mindless, godless" militants of Boko Haram and rescue hundreds of women and children held captive, including 200 girls taken from the town of Chibok a year ago. In his inaugural address as elected leader of Africa's most populous...

  • FOREX-Dollar trades mixed at end of winning month Friday, 29 May 2015 | 11:43 AM ET

    *Euro ahead on Greece hopes. NEW YORK, May 29- The dollar was mixed on Friday with month-end selling after a recent rally, as traders saw little in weak first-quarter U.S. gross domestic product data to discourage bets the Federal Reserve will start raising interest rates in 2015.. "Underlying sentiment remains positive but the dollar is seeing some profit taking...

  • NEW YORK, May 29- Oil rose 3 percent on Friday, as a rally in the dollar faded and after data from a day ago showed a fourth straight weekly draws in U.S. crude oil stockpiles. With the Organization of the Petroleum Exporting Countries widely expected not to cut production at its June 5 meeting, prices could see more pressure, especially if the dollar surges again,...

  • *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...

  • LONDON, May 29- Stocks of tin held in London Metal Exchange warehouses currently stand at 7,570 tonnes. The London tin market seems blissfully unconcerned by the steady decline in exchange-registered inventory. The general consensus is that tin is currently in oversupply, thanks first and foremost to the emergence of Myanmar as a new global supplier.

  • *Seven oil and gas discoveries made in recent weeks. LONDON, May 29- Exploration firms have made a rare run of oil and gas discoveries in recent weeks as more targeted search strategies bear fruit, but they offer little respite to a sector that remains severely bruised by the oil price slump. Seven successful discoveries with potential to become commercial have...

  • MOBILE APPS TURN BEDROOM TRADERS INTO STAR PROFESSIONALS@* Online apps and websites revolutionising trading* Launch of "copy trade" feature boosts business of apps* Wealth management firm tests copycat trading strategy. 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...

  • Data center Equinix will bulk up its presence in Europe through the acquisition of British counterpart TelecityGroup in a cash-and-stock deal valued at around $3.3 billion. The boards of both companies have agreed to the deal, which will add London- based TelecityGroup's 39 data centers in 11 European countries to Equinix's more than 100 facilities in 15...

  • *Seven oil and gas discoveries made in recent weeks. LONDON, May 29- Exploration firms have made a rare run of oil and gas discoveries in recent weeks as more targeted search strategies bear fruit, but they offer little respite to a sector that remains severely bruised by the oil price slump. Seven successful discoveries with potential to become commercial have...

  • BRASILIA, May 29- Brazil's economy shrank 0.2 percent in the first quarter, setting the stage for a likely recession this year as companies slash investments and leftist President Dilma Rousseff tries to atone for policy missteps from her first term in office. Brazil's short-term interest rate futures rose early Friday as traders bet the economy's relative...

  • *China nickel premiums firm on prospect ShFE lists global brands. *China easing measures seen supporting demand in H2- analyst. LONDON, May 29- Aluminium prices slid on Friday on continued worries about output from China swamping the global market and was on track for its biggest monthly decline in over 2-1/ 2 years.

  • LONDON— A British tabloid reporter has been handed a suspended 18- month prison sentence over a police bribery case. Anthony France, a crime reporter for the Rupert Murdoch-owned newspaper, The Sun, was accused of cultivating a "corrupt relationship" with Heathrow Airport counter-terrorism officer Timothy Edwards over four years. Judge Timothy Pontius on...

  • *China nickel premiums firm on prospect ShFE lists global brands. *China easing measures seen supporting demand in H2- analyst. LONDON, May 29- Aluminum slid on Friday on continued worries about heavy output from China swamping the global market and was on track for its biggest monthly decline in over 2-1/ 2 years.

  • BERLIN— German Chancellor Angela Merkel sounded a conciliatory note Friday on Britain's efforts to renegotiate its relationship with the European Union, saying "when there is a desire there should be a way." The comments made alongside David Cameron came as the British prime minister wrapped up a whirlwind tour of four European capitals to press his case for...

  • NEW YORK— Stocks sank Friday following news that the U.S. economy shrank in the first three months of the year. A Chicago manufacturing survey fell to 46.2, well below the 53 that economists were anticipating, and a measure of consumer sentiment fell to a six-month low in May. Along with the disappointing economic data, investors continued to watch developments...

  • NEW YORK, May 28- Visa Inc's public warning to FIFA that it may end its sponsorship if world soccer's governing body does not quickly clean up its act will likely prompt other sponsors to take a tough stance as a major corruption scandal involving FIFA unfolds, brand experts said. After U.S. prosecutors indicted nine FIFA officials and five sports media and...