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  • 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...

  • DIARY- Top Economic Events to June 11 Thursday, 28 May 2015 | 8:01 PM ET

    SOFIA- European Central Bank board member Yves Mersch speaks at the Bulgarian Authorities 2015 IMF/World Bank Constituency Meetings- 1100 GMT. BARCELONA, Spain- European Central Bank board member Vitor Constancio speaks at the XXXI Reunion Circulo de Economia- 0730 GMT. HARTFORD, United States- Federal Reserve Bank of Boston President Eric Rosengren speaks...

  • NEW YORK, May 28- A reported jump in weekly U.S. crude production data that set oil traders atwitter on Thursday was chiefly caused by revisions to two-month-old figures, not a surge in immediate output, a U.S. official said. On Thursday, the Energy Information Administration's Weekly Petroleum Status Report showed field production of crude oil rose by 304,000...

  • The U.S. Energy Information Administration said crude oil inventories fell by 2.8 million barrels last week, ahead of Monday's Memorial Day holiday, which unofficially kicked off the peak summer driving season in the United States. U.S. crude settled up 17 cents, or 0.3 percent, at $57.68 a barrel, after plumbing a one-month low of $56.51. Brent settled at $62.58, up...

  • NEW YORK, May 28- Oil prices rose in choppy trade on Thursday, snapping two days of sharp losses, after data showed a fourth weekly drawdown in U.S. crude stocks. The U.S. Energy Information Administration said crude oil inventories fell by 2.8 million barrels last week, ahead of Monday's Memorial Day holiday, which unofficially kicked off the peak summer driving...

  • NEW YORK, May 28- The dollar climbed to a 12-1/ 2- year high against the yen on Thursday before pulling back as investors bet that U.S. interest rates will rise later this year while Japan's monetary policy remains ultra-loose. This reminds investors U.S. rates are moving up later this year and has revived the dollar's appeal since last week, "said Omer Esiner, chief...

  • NEW YORK, May 28- Oil prices were mixed on Thursday, with Brent up slightly and U.S. crude hovering near one-month lows, on concerns the rate of weekly drawdowns in U.S. crude stocks will not last. The U.S. Energy Information Administration said crude oil inventories fell by 2.8 million barrels last week, ahead of Monday's Memorial Day holiday, which unofficially...

  • LONDON— Ireland's parliament on Thursday voted in favor of selling off the country's share in the Aer Lingus airline as part of a 1.4 billion euro takeover bid by International Airlines Group, the parent company of British Airways. But Walsh's bid must still clear many hurdles, and needs backing from low-cost carrier Ryanair, the largest shareholder of Aer...

  • LONDON, May 28- Tom Hayes, a former trader charged with conspiring to rig benchmark interest rates, had become such a powerful player in 2008 that Goldman Sachs tried to hire him with a $3 million signing-on bonus, a London court was told on Thursday. Mukul Chawla, prosecuting for Britain's Serious Fraud Office, alleged that Hayes, who joined UBS in Tokyo in 2006, was...

  • European shares dip as Athens angst fails to abate Thursday, 28 May 2015 | 12:33 PM ET

    *Athens' ATG falls 1.7 pct, underperforms FTSEurofirst 300. LONDON, May 28- European shares retreated on Thursday, as lingering uncertainty over Greece's debt problems held back the region's stock markets. European equities had rallied on Wednesday on reports of a staff-level agreement between Greece and its creditors, until German Finance Minister Wolfgang...

  • METALS-Copper, aluminium recover from losses on dollar Thursday, 28 May 2015 | 12:10 PM ET

    *China infrastructure spend could boost metals in H2- analyst. LONDON, May 28- Copper and aluminium recovered from recent losses on Thursday as the dollar weakened against the euro and optimism grew over a Greek debt deal, but some analysts were cautious over whether gains could be sustained due to plentiful supplies. One of the reasons is because the dollar has...

  • FOREX-Dollar rises to 12-1/2-year peak vs yen Thursday, 28 May 2015 | 11:23 AM ET

    *Dollar hits highest vs yen since December 2002. NEW YORK, May 28- The dollar climbed to a 12-1/ 2- year high against the yen on Thursday as investors bet that U.S. interest rates will rise later this year while Japanese monetary policy remains ultra-loose. This reminds investors U.S. rates are moving up later this year and has revived the dollar's appeal since last...

  • FRANKFURT, May 28- The EU's top watchdog has challenged the European Central Bank over privately disclosing sensitive plans for money printing to a group of hedge funds, giving them a headstart over investors who found out only the following day. In a letter to ECB President Mario Draghi, the European Union's Ombudsman has now asked for a "detailed account of the...

  • European shares dip as uncertainty over Greece continues Thursday, 28 May 2015 | 10:26 AM ET

    LONDON, May 28- European shares slipped on Thursday, as uncertainty over Greece's debt problems held back the region's stock markets. European equities had rallied on Wednesday on reports of a staff-level agreement between Greece and its creditors, until German Finance Minister Wolfgang Schaeuble said not much progress had been made. Most investors expect...

  • US stocks fall slightly; Greece debt deadline looms Thursday, 28 May 2015 | 10:03 AM ET

    NEW YORK— U.S. stocks fell slightly Thursday, following a sell-off in the Chinese market and continued worries about the approaching debt payment deadline for cash-starved Greece. In corporate news, chipmakers Avago Technologies and Broadcom agreed to merge in a $37 billion deal. Both stocks had jumped sharply Wednesday— Broadcom by 22 percent and Avago by 8...

  • FOREX-Rallying dollar powers to 12-1/2-yr high vs yen Thursday, 28 May 2015 | 8:20 AM ET

    *Dollar touches 124.36 yen, highest level since December 2002. LONDON, May 28- The dollar powered to a 12-1/ 2- year high against the yen on Thursday, as investors bet that U.S. interest rates will rise later this year while monetary policy remains ultra-loose in Japan. The dollar soared to 124.36 yen as a rise in Tokyo stocks also helped to boost risk appetite and hurt...

  • LONDON, May 28- The European Central Bank said on Thursday that record low interest rates were putting insurance firms and banks under increasing pressure and warned that any sell-off in stocks and bonds could damage the euro zone's recovery. In its twice-yearly Financial Stability Review, the ECB also said risks from Greece for the euro zone's governments...

  • *ECB's Constancio- Greece will stay in euro, hints at default. FRANKFURT, May 28- European Central Bank policymakers played down the prospects of any immediate loosening of funding for cash-strapped Greece, saying that when it came to accepting the country's bonds as security for central bank credit, the answer remained no. Speaking to journalists in Frankfurt,...

  • LONDON, May 28- Relative calm on global markets during the latest Greek debt standoff more closely reflects the low probability assigned to a euro exit than how contained such a shock could be. As Greece has returned to the precipice of another default and the outsize chance of Grexit- Greece being forced out of the euro zone- world markets have barely flinched.

  • LONDON, May 28- Copper and aluminum recovered from recent losses on Thursday as the dollar weakened and optimism grew over a Greek debt deal, but some analysts were cautious that gains could be sustained due to plentiful supplies. One of the reasons is because the dollar has stopped appreciating, in the short term at least, "said Stephen Briggs, metals strategist at...