BUENOS AIRES, Dec 12- The European Union has asked for a one-month delay in the exchange of proposals to kick off free-trade negotiations with South America's Mercosur bloc, the Argentine government said on Thursday. Mercosur's four members, Brazil, Argentina, Uruguay and Paraguay, were due to present their proposals to Brussels next week.» Read More
NEW YORK, June 26- Oil edged higher on Wednesday, shaking off earlier losses following a large build up in U.S. gasoline inventories, buoyed by gains in the stock market and heavy spread trading.
*Wheat down for fifth straight session as harvest weighs. CHICAGO, June 26- Nearby U.S. corn futures rose for a second straight session on Wednesday and spot soybean futures climbed for a third day as traders adjusted positions before an end-of-week U.S. Department of Agriculture report that was expected to confirm the tightest U.S. grain stocks in years.
*Treasury's $35 bln five-year note sale sees weak demand. NEW YORK, June 26- U.S. The Treasury sold $35 billion in five-year notes to the lowest demand since September 2009, with a bid-to-cover ratio of 2.45 times.
*Adobe and Microsoft rise on analysts' upgrades. NEW YORK, June 26- U.S. stocks climbed for a second straight day on Wednesday as a downward revision in the growth rate of gross domestic product soothed investors' concerns that the Federal Reserve would begin to withdraw its stimulus in the near future.
LONDON, June 26- June's global markets quake suggests little positive in a rising interest rate environment but the flip side is significant relief for pension funds that may itself may provide a stabilising mechanism into the bargain. Bank of England Governor Mervyn King said on Tuesday investors had "jumped the gun".
*Canada wants minimum fund of C $1 bln for major lines. CALGARY, Alberta, June 26- Companies operating major crude oil pipelines in Canada will be required to have C $1 billion available to fund clean ups from any spills, the Canadian government said on Wednesday.
WASHINGTON, June 26- Paul Ryan, the Republican congressman and former vice-presidential candidate best known for his war on spending, is emerging as his party's leading champion of immigration reform in the U.S. House of Representatives.
WASHINGTON, June 26- Senators who wanted a gay rights provision added to the sweeping U.S. immigration reform bill backed off on Wednesday after the Supreme Court struck down a key part of the federal law that defined marriage as between a man and a woman.
The 2nd U.S. Circuit Court of Appeals in New York said statements of scientific conclusions on matters open to scientific debate, and which are published in a research article, cannot result in damages associated with defamation.
It cut the number of shares in the IPO by 16 percent to 23.3 million and lowered the expected price to between $17 and $18 per share, from $20 to $23, according to a regulatory filing on Wednesday. CDW sells products from Apple Inc, Hewlett-Packard Co, IBM Corp and others through its catalog and its website.
BONN, Germany, June 26- A takeover of Kabel Deutschland by rival Liberty Global would be more complicated from an anti-trust point of view than Kabel's acquisition by Vodafone, Germany's cartel office said on Wednesday.
June 26- California power prices edged higher on forecasts for increased cooling demand during a heat wave and amid the unexpected shutdown of a giant nuclear power reactor, power traders said Wednesday.
*ECB's Draghi says monetary policy to remain accommodative. NEW YORK, June 26- The euro slid to a three-week low against the dollar and fell versus the yen on Wednesday after European Central Bank President Mario Draghi highlighted downside risks to euro zone growth and said monetary policy will stay accommodative.
MEXICO CITY, June 26- General Motors Co plans to invest $691 million to expand operations in Mexico, GM Mexico's President Ernesto Hernandez said on Wednesday.
*Army warns it will step in if violence escalates. CAIRO, June 26- Two people were killed and dozens injured in street fighting on Wednesday north of Cairo between supporters and opponents of Egypt's Islamist president, hours before Mohamed Mursi was to address the nation.
June 26- Coca-Cola Co announced plans on Wednesday to sell a mid-calorie cola sweetened with sugar and the naturally occurring no-calorie sweetener stevia in Argentina, becoming the first to market with a product long seen as being critical to the soda industry's growth.
*Sugar quotas to be abolished in 2017. LUXEMBOURG, June 26- Reforms agreed by EU negotiators on Wednesday offer subsidies to keep farms producing in regions where conditions are hard, going against the bloc's shift towards relying on market forces in agriculture.
Richard Insel, chief scientific officer of JDRF, formerly known as the Juvenile Diabetes Research Foundation.
WASHINGTON, June 26- Same sex couples are rejoicing after today's Supreme Court ruling declaring the Defense of Marriage Act unconstitutional. "It will be less costly to be gay," said Debra Neiman, an Arlington, Massachusetts, financial adviser and author of "Money Without Matrimony."
*Gold, silver prices hit lowest since August 2010. NEW YORK/ LONDON, June 26- Gold fell to a near three-year low on Wednesday, tumbling nearly 4 percent as a rally in the equity markets further weighed down on bullion's investment appeal as a hedge against economic uncertainty. Spot gold earlier slumped to its lowest since August 2010 at $1,223.54 an ounce.