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  • LUXEMBOURG, June 20- The European Union will review its fiscal rules at the end of this year to see if they can be made simpler and more efficiently used to encourage growth and jobs after years of budget consolidation.

  • KAMPALA, June 20- Uganda's central bank expects to ease monetary policy further and the government's plan to reduce public borrowing in the next fiscal year should keep a lid on government debt yields, a senior bank official told Reuters.

  • NEW YORK, June 20- U.S. stocks edged up at the open on Friday, with the S&P 500 gaining for a sixth day to a fresh record high and on track for a fourth weekly gain over the past five.

  • OTTAWA, June 20- Costlier energy unexpectedly pushed Canada's annual inflation rate to a 27- month high of 2.3 percent in May from 2.0 percent in April, while a rise in the core rate also put pressure on the Bank of Canada to tone down its low-inflation concerns.

  • Philips wins patent case against Nintendo in UK Friday, 20 Jun 2014 | 9:24 AM ET

    Philips Electronics said on Friday it had won a patent infringement cases against Nintendo in the United Kingdom.

  • *Oracle slumps in premarket after results. *Carmax surges in premarket after earnings. *Oracle Corp shares were down 6.3 percent to $39.82 before the opening bell after it posted fourth-quarter results that disappointed investors looking for more progress against rivals selling web-based services.

  • SOFIA, June 20- A run on Corporate Commercial Bank prompted Bulgaria's central bank to take control of the country's fourth-largest lender on Friday and its governor begged depositors to stay calm, saying: "Let's not tear down our house."

  • MOSCOW, June 20- Russia's recent decision to spend more of its fiscal reserves on infrastructure to keep the sanctions-hit economy turning marks an about-turn for President Vladimir Putin that leaves a question mark over the future funding of pensions.

  • WASHINGTON, June 20- The U.S. State Department downgraded Thailand, Malaysia and Venezuela on Friday to its list of the world's worst centers of human trafficking, opening up the countries to possible sanctions and dumping them in the same category as North Korea and Syria.

  • LONDON, June 20- It's been a record-breaking week for nickel, albeit not the kind to do much for this market's punchy bull narrative. Tuesday's stocks surge was split between three locations: Singapore, Rotterdam and Johor in Malaysia.

  • MOSCOW, June 18- President Vladimir Putin gave his blessing on Friday to a draft law that would allow Russian law enforcement agencies to bypass the tax authorities and prosecute suspected tax crimes.

  • *Inflation exceeds Bank of Canada's forecast and target. OTTAWA, June 20- Costlier energy unexpectedly pushed Canada's annual inflation rate to a 27- month high of 2.3 percent in May from 2.0 percent in April, while a rise in core inflation also defied the Bank of Canada's low-inflation forecasts.

  • FDA asks for wider warning on testosterone products Friday, 20 Jun 2014 | 8:31 AM ET

    The FDA said that while testosterone products already carry a warning about the risk of clots related to a condition that sometimes occurs with testosterone treatment, the latest reports of clots were unrelated to that condition, called polycythemia.

  • AMSTERDAM, June 20- Philips Electronics NV said on Friday it had won a patent infringement cases against Nintendo in the United Kingdom, the first of four lawsuits filed against the Japanese gaming company. Philips spokesman Bjorn Teuwsen said the patent related to motion and gesture tracking systems used in the Wii game console.

  • *Shire rejects AbbVie offer valued at 46.26 pounds a share. LONDON, June 20- British drugmaker Shire has rejected a 27 billion-pound takeover offer from AbbVie, the latest attempt by a U.S. healthcare firm to tap into lower tax rates abroad via an acquisition.

  • LONDON, June 20- Global crude steel production rose at an annual 2.2 percent rate in May as output in China hit new record levels and North American and European mills cranked up production, industry data showed, pressuring prices the world over.

  • June 20- Darden Restaurants Inc reported a much-lower-than-expected quarterly profit as costs soared and sales at its flagship Olive Garden restaurant chain fell.

  • EU eyes simpler fiscal rules in year-end review Friday, 20 Jun 2014 | 8:16 AM ET

    LUXEMBOURG, June 20- The European Union will review its fiscal rules at the end of this year to see if they can be made simpler and tweaked to encourage growth and jobs after years of budget consolidation. The European Commission, which has to complete the review by Dec. 14, can propose changes to the laws in reports sent to EU governments and the European Parliament.

  • *$25.5 bln project to give S.Sudan, Ethiopia sea access. LAMU, Kenya, June 20- The latest in a string of militant attacks on Kenya's coast has dealt a fresh blow to the economy, but the threat this time goes beyond the tourist trade to an ambitious $25.5 billion port and transport scheme next to the historic town of Lamu.

  • LONDON, June 20- The pan-European FTSEurofirst 300 index reached a 6 1/ 2- year high on Friday as the drugmaker Shire rallied on a takeover offer, putting the index on track for a 10th straight week of gains. Shire climbed 11.4 percent to 41.65 pounds after AbbVie confirmed it had made an offer to acquire it.