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France has a special responsibility as a euro zone heavyweight to take deficit cuts seriously, even though its budget deficit is above target, Bundesbank chief Jens Weidmann said in an interview published Sunday.
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As U.K. Prime Minister David Cameron heads to Brussels this week to discuss EU tax policies, he knows there are far more taxing questions at home regarding whether his party want to remain within the Union.
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European shares were higher in morning trade on Monday, mirroring gains in Asia where Japan's Nikkei closed at a fresh five-and-a-half year high.
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May 20- Generic drugmaker Actavis Inc, which has been the subject of intense takeover speculation, said on Monday that it had struck a deal to buy specialty pharmaceuticals company Warner Chilcott Plc for $8.5 billion in stock.
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*Ryanair jumps after forecast-beating results. LONDON, May 20- European shares held steady on Monday after touching a new five-year high, with positive data from the United States and Japan pointing to an improving global economic outlook, boosting the market's near-term sentiment. The STOXX Europe 600 Basic Resources index fell 1.3 percent.
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LONDON, May 20- U.S. corn futures were lower for new crop contracts on Monday, weighed by a pick-up in planting progress in the United States, while tight supplies boosted old crop prices.
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LONDON, May 20- Safe-haven German Bunds fell on Monday after forecast-beating U.S. consumer sentiment data last week, but a bleak outlook for the euro zone was expected to limit losses.
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LONDON/ STRASBOURG, France, May 20- A European Union law up for a vote on Monday will only fully shield taxpayers from bailing out troubled banks if there is a global framework as well, a top UK regulator said on Monday.
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*MSCI world equities highest since 2008. LONDON, May 20- Brent crude oil slipped towards $104 per barrel on Monday on ample supplies, weaker demand for fuel and a strong dollar, despite strong equity markets. Brent crude futures for July were down 55 cents at $104.09 per barrel by 1040 GMT, after three straight sessions of gains.
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LONDON, May 20- The yen lifted off a 4-1/ 2- year low against the dollar on Monday after Japan's economy minister suggested the currency might have weakened enough, prompting some investors to pare bets against it. Last Friday, the dollar reached a high of 103.32 yen, while the euro hovered near a 3-1/ 2- year peak of 132.78 yen.
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NEW DELHI, May 20- India and China will study new ways to ease tensions along their ill-defined border, Chinese Premier Li Keqiang said on Monday in his first foreign trip since taking office, which comes just weeks after a military stand-off between the Asian giants in the Himalayas.
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*Investors eye China, Europe flash PMIs on Thursday. LONDON, May 20- Copper fell on Monday after two sessions of gains as lacklustre global growth and sluggish Chinese metals demand weighed on markets and as investors continued to favour equities over commodities.
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Following the FTSE's rally to its highest level in over five years, Citigroup's Jonathan Stubbs told CNBC that European equities have "rarely" been so appealing to investors.
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DUBLIN, May 20- Elan announced its second major drug deal inside a week on Monday and said it would buy back more shares as it continues to bat against a $5.7 billion takeover bid from U.S. investor Royalty Pharma.
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An independent Scotland is at risk of a Cyprus-style banking crisis, as its banking sector would be "exceptionally large" compared to the size of its economy.
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*Ryanair jumps after forecast-beating results. LONDON, May 20- European shares set a new five-year high for a fourth straight session on Monday after positive indicators from the United States and Japan pointed to an improving global economic outlook.
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*MSCI world equities highest since 2008. LONDON, May 20- Brent crude oil held above $104 per barrel on Monday, supported by strong equity markets and a slightly lower dollar, despite a weaker outlook for fuel demand and ample supplies. Brent crude futures for July were down 30 cents at $104.34 per barrel by 0810 GMT, after three straight sessions of gains.
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LONDON, May 20- The yen rose from a 4-1/ 2- year low against the dollar on Monday after Japan's economy minister suggested the country's currency might have weakened enough, leading some investors to cut hefty bets against it.
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LONDON, May 20- German Bunds fell on Monday after forecast-beating U.S. consumer sentiment data last week dented appetite for low-risk assets. Fed Chairman Ben Bernanke's testimony before the congressional Joint Economic Committee on Wednesday will be closely scrutinised for any hints on future monetary policy moves.
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LONDON, May 20- Rising optimism about global growth pushed world shares to a near five-year high on Monday, while comments from Japan's economy minister that consumers could suffer if the yen falls further lifted it off a 4-1/ 2 low. MSCI's world index is at its highest since June 2008 as top European shares started the week up 0.2 percent.
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LONDON, May 20- European shares extended gains to set a new five-year high for a fourth straight session on Monday, with investors flocking to buy riskier assets such as equities on fresh signs of a recovery in the global economy. "We have started to see a series of positive readings coming out of the United States.