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*China power producers slump again, hit by Citi downgrade. HONG KONG, May 22- Hong Kong shares fell further from 3-1/ 2- month highs on Wednesday and mainland China markets were mixed as Chinese power producers extended losses after a broker downgrade added to fears of lower profit margins.
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The answer, in the luxury carmaker's German showrooms, is more than it takes to shift an Audi- just part of the cost gap Daimler wants to close with its premium rivals. Among the top three, Mercedes depends on its unprofitable company-owned dealerships for a bigger share of domestic sales than either Volkswagen's Audi or BMW, which rely more on franchises.
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LONDON, May 22- Brent crude oil dropped towards $103 per barrel on Wednesday after data showing a surprise jump in U.S. gasoline stockpiles sparked worries that summer demand in the world's top oil consumer could be weaker than expected.
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LONDON, May 22- The dollar shed some of its lofty gains against a basket of currencies on Wednesday, as investors trimmed favourable bets before testimony from the U.S. Ben Bernanke will deliver his testimony to Congress at 1400 GMT and is expected to strike a somewhat optimistic view of the economy.
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*Iran 7th biggest oil supplier to India in Jan-Apr vs 3rd yr ago. NEW DELHI, May 22- India's oil imports from Iran fell 34.2 percent in April from March, data from trade sources showed on Wednesday, bolstering the country's case for the renewal of a waiver from U.S. sanctions on Tehran due to expire next month.
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FRANKFURT, May 22- Almost a year after ECB President Mario Draghi vowed to do whatever it takes to save the euro, a key indicator of euro zone tension is much diminished and economic recovery will likely bring further improvement.
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TOKYO, May 22- U.S. private equity firm Carlyle Group LP is planning to raise 200 billion yen for a third Japan fund to succeed its seven-year old second fund, with Japan's aggressive monetary easing helping to boost investor interest, people with direct knowledge of the matter said.
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LONDON, May 22- European shares edged back on Wednesday from multi-year highs as the luxury goods sector lagged, with many investors reluctant to take new positions before comments on policy from the head of the U.S.
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TOKYO, May 22- The Bank of Japan said on Wednesday it will hold a meeting with government bond market participants on May 29 to discuss recent market moves and market operations. The meeting will take place at the central bank from 4 p.m., the BOJ said in a statement.
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HONG KONG, May 22- Hong Kong shares fell further from a 3-1/ 2- month high on Wednesday, with Chinese power producers extending losses, hit by a Citi downgrade on fears that a possible tariff cut could hurt profit margins.
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JAKARTA, May 22- Freeport McMoRan Copper and Gold Inc said it will not restart production at the world's second-largest copper mine in Indonesia after a tunnel collapse that killed 28 workers until it is convinced of the mine's safety.
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Secretary of State John Kerry hailed on Wednesday what U.S. officials said was an estimated $2.1 billion deal for Oman to buy a ground-based air defence system from U.S. defense contractor Raytheon Co..
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Ben Bernanke, who speaks before the Joint Economic Committee of the U.S. Congress at 1400 GMT, is expected to follow the line set by two other Federal Reserve officials, who struck a dovish tone on the economy on Tuesday. "
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SHANGHAI/ HONG KONG, May 22- Chinese commodities firms importing everything from gold and rubber to base metals are struggling to get trade loans as banks scrutinise their activities and hold back credit following Beijing's orders to rein in currency speculation.
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*Sony cuts 2014-15 camera sales fcast to 1.3 trln yen from 1.5 trln. Third Point's "proposal is one that affects a core part of Sony's business and the direction of our management, so the Sony board will give it thorough consideration before replying to Mr.
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LONDON, May 22- European shares steadied near multi-year highs on Wednesday, as caution ahead of testimony from the head of the U.S. Federal Reserve head Ben Bernanke may provide further clues on the Fed's policy at a speech later on Wednesday. Any pullback presents a buying opportunity, "said Terry Torrison, managing director at Monaco- based McLaren Securities.
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*Gold still trading near 2- year lows. SINGAPORE, May 22- Gold rose on Wednesday on strong Chinese demand and after Federal Reserve officials allayed investor concerns that the U.S. central bank will soon exit its bullion-friendly bond purchases.
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HONG KONG, May 22- China shares ended mixed on Wednesday, with power producers extending losses on lingering concerns that potential coal import curbs could hurt margins. The CSI300 of the leading Shanghai and Shenzhen A-share listings edged up 0.1 percent.
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*BOJ refrains from measures to calm bond market. TOKYO, May 22- Japanese government bonds ended almost flat on Wednesday, erasing early gains on disappointment the Bank of Japan did not act to calm jitters rooted in the bond's market rout over the past six weeks.
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While Europe has shale plans of its own, there is as yet no unified EU policy. The reserves will be far harder to extract than in the United States and the final cost to consumers is likely to be substantially higher so Europe will not be able to free itself of dependence on gas imports from Russia any time soon.