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  • UPDATE 2-Bank of Canada holds rates, dovish on inflation Wednesday, 4 Jun 2014 | 11:36 AM ET

    OTTAWA, June 4- The Bank of Canada held its main interest rate at 1 percent on Wednesday and said the risks of low inflation loom as large as ever despite a faster-than-anticipated rise in prices, remarks that some economists interpreted as being dovish.

  • NEW YORK, June 4- U.S. Treasuries were steady on Wednesday as investors took profits from the recent rally, before Thursday's highly anticipated European Central Bank meeting. "A lot of the ECB has been priced in and you see some profit taking ahead of them," said Sean Murphy, a Treasuries trader at Societe Generale in New York.

  • *Private sector adds 179,000 jobs in May. WASHINGTON, June 4- U.S. companies hired far fewer workers than expected in May, but an acceleration in services sector growth supported views the economy was regaining strength after sagging early this year.

  • NEW YORK, June 4- Mixed U.S. and European economic data weighed on U.S. shares and European stocks on Wednesday, while the euro slipped ahead of a closely watched European Central Bank policy meeting.

  • Global business activity accelerated in May - PMI Wednesday, 4 Jun 2014 | 11:00 AM ET

    JPMorgan's Global All-Industry Output Index, produced with Markit, rose to 54.3 from April's 52.8, holding above the 50 mark that divides growth from contraction for the 20th month running.

  • LONDON, June 4- Brent crude rose above $109 a barrel on Wednesday and U.S. crude jumped by $1 a barrel following a sharper-than-expected drop in U.S. oil inventories. Brent oil for July delivery was up 40 cents at $109.22 a barrel by 1433 GMT, after settling down 1 cent the previous day.

  • DETROIT, June 4- The head of the Unifor, which represents Canadian auto workers, said on Wednesday the union would strike at Johnson Controls Inc's Whitby, Ontario, plant, which supplies interiors to the General Motors Co Oshawa factory, unless JCI reverses plans to shutter the Whitby plant.

  • NEW YORK/ WASHINGTON, June 4- A U.S. appeals court on Wednesday said a federal judge abused his discretion by rejecting a $285 million fraud settlement between Citigroup Inc and the U.S. Securities and Exchange Commission over securities sold before the financial crisis.

  • METALS-Copper falls to two-week low, nickel ticks higher Wednesday, 4 Jun 2014 | 10:38 AM ET

    *Copper cash-to-three backwardation eases to $50/ T. *China traders jittery over financing after Qingdao probe.

  • Germany to set new rules for fracking Wednesday, 4 Jun 2014 | 10:36 AM ET

    BERLIN, June 4- Germany plans to draw up new rules in the coming weeks for the controversial method of fracking for gas, which will impose tight restrictions on the technique that has led to a shale gas boom in the United States. Germany's ruling parties had promised in their coalition agreement last year to set a legal framework for fracking.

  • MEXICO'S PEMEX SAYS DOES NOT RULE OUT BUYING SHARES IN OTHER COMPANIES IF OPPORTUNITIES ARISE.

  • US STOCKS-Wall Street flat after data Wednesday, 4 Jun 2014 | 10:32 AM ET

    *Protective Life jumps, Dai-ichi to buy. *NQ Mobile has biggest gain ever, up 28 pct. NEW YORK, June 4- U.S. stocks were largely flat on Wednesday as mixed reads on the economy gave the market little direction and traders were reluctant to buy with indexes near record levels.

  • NEW YORK, June 4- Three months after new trading requirements for the $300 trillion U.S. derivatives market were introduced, little of the market is operating as regulators intended, with mandates for most bank trades delayed and investors slow to embrace new trading systems. That may start to change this month.

  • CRUDE FUTURES BRIEFLY EXTEND GAINS TO MORE THAN $1 AFTER EIA OIL INVENTORY DATA.

  • MEXICO CITY, June 4- Mexican oil giant Pemex plans to sell its remaining 1.4 percent stake in Spanish peer Repsol in August, two sources at Pemex said on Wednesday. Pemex sold 7.86 percent of Repsol, worth around $3 billion, to unspecified private investors earlier on Wednesday.

  • OTTAWA, June 4- The Bank of Canada kept its main interest rate on hold at 1 percent on Wednesday, as expected, and said the risks of low inflation loom as large as ever, though prices have been rising faster than it had anticipated.

  • NEW YORK, June 4- The U.S. dollar got a lift on Wednesday from rising Treasury rates and touched a monthly high against the yen before losing some steam on weaker-than-expected U.S. private-sector jobs numbers. The dollar last stood at 102.57 yen after trading as high as 102.79 yen, near a level last touched on May 5.

  • NEW YORK, June 4- A U.S. appeals court on Wednesday said a federal judge abused his discretion by rejecting a $285 million fraud settlement between Citigroup Inc and the U.S. Securities and Exchange Commission. District Judge Jed Rakoff was wrong to require the SEC to establish the "truth" of its allegations as a condition of approving the settlement.

  • MEXICO'S PEMEX SAYS PLANS TO SELL REMAINING STAKE IN REPSOL IN AUGUST- SOURCES.

  • US TREASURIES YIELDS RISE AFTER ISM DATA, 10- YEAR NOTE YIELDS INCREASE TO 2.60 PERCENT.