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  • LONDON, June 2- European shares slipped on Tuesday, as lingering uncertainty over the outcome of Greece's negotiations with creditors weighed on the region's stock markets. Greece must repay four loans totalling 1.6 billion euros to the International Monetary Fund this month, starting with a 300 million euro payment on June 5. Most investors expect Greece to...

  • *May imports from Iran rise nearly 40 pct on-mth to 367,900 bpd. The jump to a 14- month high comes just two months after India dropped its crude imports from Iran to zero under U.S. pressure to limit its purchases of the Islamic republic's oil. Many analysts say Tehran, the United States, Britain, France, Germany, Russia and China will reach an agreement by or shortly...

  • ANKARA, Turkey— A media freedom watchdog has called on Turkey's president to stop "bullying" journalists after he accused a newspaper editor of espionage and threatened punishment for publishing images of what the paper said were Turkish trucks carrying ammunition to Syrian militants. In a statement late Monday, the Committee to Protect Journalists...

  • NEW DELHI, June 2- A driver contracted with U.S.-based online taxi company Uber Technologies was arrested near New Delhi on Tuesday, police said, after a woman passenger accused him of sexual harassment when she hailed his cab over the weekend. Uber was banned in New Delhi in December after another woman passenger accused one of its drivers of rape.

  • *OPEC expected to keep output target unchanged. LONDON, June 2- Oil prices rose on Tuesday as the dollar weakened and on expectations that OPEC producers would maintain their group production target at its current level and resist pressure for an increase. Brent crude oil for July was up 70 cents at $65.58 a barrel by 0900 GMT.

  • DUBAI, United Arab Emirates— The United Arab Emirates' national carrier has formally submitted a document to the United States government rebutting allegations by U.S. carriers that it receives unfair subsidies. Government-owned Etihad Airways announced the filing Tuesday, marking its most comprehensive response to an effort by American carriers to...

  • LONDON— For the first time this year, consumer prices across the 19- country eurozone are rising. Official figures Tuesday from the European Union's statistics agency, Eurostat, showed that consumer prices across the single currency bloc were up 0.3 percent in May from the year before. Policymakers at the European Central Bank will welcome Tuesday's...

  • UPDATE 1-U.S. market powers Wolseley profit rise Tuesday, 2 Jun 2015 | 4:58 AM ET

    LONDON, June 2- British plumbing supplies group Wolseley posted a 20 percent rise in third-quarter trading profit and said it was on track to meet analysts' full-year expectations, helped by strong revenue growth in its largest market, the United States. The company, which operates the Plumb Center and Ferguson chains in the United States and Britain, said on...

  • JERUSALEM— Israel's central bank chief said Monday that demographic changes such as aging and the growth of Arab and ultra-Orthodox Jewish populations were threatening the country's long-term growth prospects and called for a continued increase in their employment. Karnit Flug said the low employment rate among ultra-Orthodox men and Arab women in...

  • MADRID— Spanish Prime Minister Mariano Rajoy is trumpeting news of a big drop in the number of unemployed citizens as a reason for voters to support his party in general elections he must call by the end of the year. But Rajoy did it Tuesday to pitch his Popular Party as the political force that should run Spain for the next four years. His party came in first in...

  • The Markit/ CIPS UK Construction Purchasing Managers' Index rebounded in May to 55.9 in May from April's 22- month low of 54.2, above the 50 mark that denotes growth and beating a Reuters poll forecast of 55.0. "With a sustained period of policy uncertainty no longer on the horizon, business confidence surged back to its highest level since early 2006," said Tim...

  • SHANGHAI, June 2- China's Hubei province will auction the second batch of municipal bonds worth about 36.4 billion yuan on June 9, according to a notice posted on one of the country's main bond clearing houses on Tuesday. Previously, Hubei province auctioned 20 billion yuan of three-, five-, seven-, and 10- year municipal bonds at yields of 2.85, 3.15, 3.40, and 3.45...

  • *European shares down as investors seek clarity over Greece. LONDON, June 2- European shares dipped on Tuesday while German bond yields rose, with investors in the dark over whether a high-level meeting on Greece's debt crisis might herald a significant breakthrough. The leaders of Germany, France and Greece's international creditors agreed late on Monday to...

  • BEIJING, June 2- Lenovo Group Ltd has replaced the head of its smartphone unit, a critical business division that has seen its China sales tumble as Apple Inc and other high-end phone makers win over customers with sleeker product offerings. Yang told reporters last week at Lenovo's Beijing conference that China's smartphone market was really competitive,...

  • BERLIN, June 2- The impact of Brazil's protracted drought on EDP-Energias de Portugal's hydropower installations there could cut the utility's full-year core earnings by between 150 and 200 million euros, its chief executive said. Brazil, already hit by the severe drought last year, accounted for 17 percent of EDP's core earnings before interest, tax,...

  • June 2- Hong Kong stocks slipped on Tuesday, as investors waited for fresh mainland policies to guide money into the city's market and speculated on when the U.S. The Hong Kong market got little encouragement from the mainland market, which posted solid gains for a second straight session after plunging on Thursday. Among the most actively traded stocks on Hong...

  • *Dollar pops above 125 yen for first time since late 2002. In Asian trading, the U.S. dollar rose above 125 yen for the first time since late 2002 before retreating. Australia's Reserve Bank said again on Tuesday it wanted the currency to weaken further.

  • MELBOURNE, June 2- Shares in Australia's Alkane Resources rallied on Tuesday after it moved a step closer to starting work on a A $1 billion rare earths and exotic metals project. Alkane, principally a gold producer, won approval from the state of New South Wales to build the Dubbo Zirconia Project, which aims to churn out zirconium, hafnium, niobium, yttrium and...

  • By Hideyuki Sano TOKYO, June 2- Institutional investors including hedge funds are scrutinising the past performance of Japanese government bonds for clues on where French sovereign debt is headed following one of its biggest routs in years. The swings in French bonds are so similar that some hedge funds have created charts plotting European yields over...

  • BERLIN, June 2- The impact of Brazil's protracted drought on EDP-Energias de Portugal's hydropower installations there could cut the utility's full-year core earnings by between 150 and 200 million euros, its chief executive said. "Hopefully it will be less than that, the lower end of that range, or even below," Antonio Mexia told Reuters on the sidelines of the...