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  • As they travel through Santa Teresa, a border-crossing port of entry and unincorporated town, they pass millions of square feet of warehouses that store steel coil, wind turbine blades and specialty glass. Now the nonprofit group that operates Santa Teresa is working to transform the area from a place where people work into one where they might put down roots.

  • MOSCOW, May 25- The 4.75 percent yield on Russia's latest Eurobond is "acceptable" in current market conditions, Finance Minister Anton Siluanov said on Wednesday.

  • *Greece to get 10.3 bln euros new cash, 7.5 bln of it in June. BRUSSELS, May 25- The euro zone gave Greece its firmest offer yet of debt relief in what finance ministers called a breakthrough deal that won a provisional commitment from the IMF to return to taking part in the bailout for Athens, heartening investors. After talks that lasted into the small hours of...

  • LAS VEGAS— A Las Vegas casino magnate is proposing an extravagant water paradise in drought-stricken Nevada. The Paradise Park development proposal unveiled by Wynn Resorts in April is anchored by a 38- acre man-made lake where an 18- hole golf course now sits in Las Vegas. But skepticism about the project's environmental claims includes questions about...

  • MOSCOW, May 25- Russian Finance Ministry may tap international debt markets once again before the year-end, VTB bank Chief Executive Andrei Kostin was quoted as saying by RIA news agency on Tuesday.

  • May 25- Hong Kong stocks jumped more than 2 percent on Wednesday in their best day in six weeks, inspired by solid overnight gains in U.S. and European markets. Alex Wong, Hong Kong- based director of Ample Finance Group, said the HSI's rebound won't last long. "The recent pattern in Hong Kong has been a sharp rebound following many sluggish sessions, but the index will...

  • *China funds see copper demand peak has passed. MELBOURNE, May 25- London copper rose on Wednesday for the second straight session, buoyed by brightening economic signals in the United States that forced shorts to cover, and showing near-term resilience to a persistently strong dollar. Prolonged dollar strength could erode an already ebbing pick-up in real...

  • MOSCOW, May 25- Russian Finance Minister Anton Siluanov said on Wednesday he saw no need to top up the Eurobond placed on Tuesday which raised $1.75 billion with foreigners as the biggest buyers. "We believe that it's enough," Siluanov told reporters. "We have a strong balance of payments, our gold and foreign currency reserves are rising.

  • WASHINGTON— House Republicans are attempting to hold together a rare bipartisan deal to help Puerto Rico manage its crippling finances as a committee begins considering the legislation Wednesday. "We have a constitutional, political, and moral imperative to act," said House Natural Resources Committee Chairman Rob Bishop, the Utah Republican who has led...

  • TOKYO, May 25- Japanese government bonds edged lower on Wednesday as buoyant stocks undermined bond market sentiment. Investors were also wary of taking aggressive positions ahead of a two-day Group of 7 leaders' summit in Japan that begins on Thursday. Japan's Ministry of Finance will auction 400 billion yen of 40- year JGBs on Thursday.

  • BEIJING— Mickey Mouse has a new and deep-pocketed challenger: China's shopping mall king. The developer that bought Hollywood studio Legendary Entertainment is preparing to fight Disney to lead China's- and possibly the world's— theme park industry. Wanda Group and its billionaire founder, Wang Jianlin, are inaugurating a sprawling entertainment complex...

  • *Restates past year's net profit to 72.6 bln yen from 89 bln yen. TOKYO, May 25- Mitsubishi Motors Corp said a Nissan Motor Co executive would become its head of research and development, part of a management overhaul in the wake of a mileage cheating scandal that also prompted it to restate earnings. Mitsubishi Motors Chairman and CEO Osamu Masuko will also be...

  • PARIS— France has begun using its fuel reserves to deal with gasoline shortages caused by strikes and protests over a divisive labor reform. Riot police forced striking workers out of a fuel depot early Wednesday in Douchy-les-Mines in northern France that had been blocked for several days, Sud union member Willy Dans said on BFM television.

  • WASHINGTON— The government is spending about three-fourths of its technology budget maintaining aging computer systems, including platforms more than 50 years old in vital areas from nuclear weapons to Social Security. Despite a White House push to replace aging workhorse systems, the budget for modernization has fallen, and will be $7 billion less in 2017...

  • LONDON, May 25- European shares climbed to a new four-week high on Wednesday, with Novo Nordisk leading the market higher after a U.S. advisory panel recommended approval of its new diabetes drug, while higher copper prices lifted miners. Novo Nordisk rose 3 percent, the top FTSEurofirst 300 gainer, after the U.S. Food& Drug Administration body recommended the...

  • SHANGHAI, May 25- China stocks gave up early gains to end weaker on Wednesday despite a sharp rebound in Hong Kong, as yuan depreciation fears resurfaced on the back of a stronger dollar and a possible U.S. rate hike next month. The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 0.1 percent, to 3,059.23, while the Shanghai Composite Index...

  • MOSCOW, May 25- Russia's top bank Sberbank on Wednesday posted 117.7 billion roubles in first-quarter net profit, almost four times higher than a year earlier. Analysts had expected Sberbank to make net profit of 106 billion roubles in the first three months of the year. Sberbank is one of several large Russian state banks under Western sanctions over the...

  • SEOUL, South Korea— Asian stock markets rallied Wednesday as solid U.S. housing sales data and overnight gains on Wall Street raised expectations for a strong recovery in the world's largest economy. KEEPING SCORE: Japan's Nikkei 225 rose 1.6 percent to 16,757.35 and Hong Kong's Hang Seng index jumped 2.5 percent to 20,314.52. Stocks in Taiwan, Singapore and...

  • TOKYO— Leaders of the Group of Seven rich nations will undoubtedly voice unity over fighting terrorism, pandemics and tax evasion at their summit in Japan this week. At a pre-summit meeting in northern Japan's Sendai, finance ministers and central bank governors of the G-7 failed to concur on a coordinated approach to fighting what Nobel prize-winning...

  • MOSCOW, May 25- There is no trend for a stronger rouble at the moment, but the volatility of the Russian currency is expected to narrow to around 55-65 to the U.S. dollar, RIA news agency quoted Russian Deputy Economy Minister Alexei Vedev as saying on Wednesday.