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  • May 26- A once-popular pair trade pitting the U.S. dollar against oil prices has re-emerged in recent weeks, injecting a new wildcard into the market just as the Organization of the Petroleum Exporting Countries prepares to meet. About two weeks ago, Morgan Stanley analysts said an "uncanny" relationship has developed between the dollar index and benchmark...

  • *Global patent volume up 3 percent in 2014- Thomson Reuters. LONDON, May 26- The life sciences industry is increasingly taking over from the tech sector in driving global innovation, according to a Thomson Reuters analysis of global patents. While part of that may be due to tighter patenting rules in the United States, there are also signs of more fundamental shifts,...

  • *Euro stuck below $1.1000, Greek concerns persist. SYDNEY/ TOKYO, May 26- The dollar scaled a one-month high against a basket of major currencies on Tuesday, having remained bid after comments from Federal Reserve Chair Janet Yellen reinforced a tightening bias on interest rates. Yellen made it clear that the Fed will hike rates and under such conditions the...

  • *Gold steady just above $1,200/ oz. *Prices could break below $1,200 soon- technicals. SINGAPORE, May 26- Gold was stuck in a tight trading range above $1,200 an ounce on Tuesday, as the dollar jumped to a fresh one-month peak against a basket of major currencies on the prospect of higher U.S. interest rates this year.

  • China's yuan softens on 3-week low midpoint Monday, 25 May 2015 | 11:39 PM ET

    SHANGHAI, May 26- China's yuan weakened against the dollars for the second consecutive session on Tuesday after the central bank set the daily guidance rate at a three-week low. The People's Bank of China set the midpoint rate at 6.1172 per dollar prior to market open, 0.01 percent weaker than the previous fix at 6.1165. Chile's central bank and the PBOC are...

  • TOKYO, May 26- Asian shares turned higher on Tuesday, reversing earlier losses on the back of gains in Hong Kong and China, while the dollar extended highs scaled in holiday-thinned trading in the previous session. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 percent, after eking out a late gain in the previous session.

  • MELBOURNE, May 26- Fortescue Metals Group said on Tuesday it was not aware of any parties seeking permission from Australia's regulators to take a stake in the company, after its shares jumped 15 percent on a media report that Chinese firms had applied to buy a stake. The Australian Financial Review reported that Chinese-linked companies had sought permission...

  • Samsung says its defacto holding company Cheil Industries Inc. will acquire Samsung C&T Corp. by offering 0.35 new Cheil shares for every Samsung C&T share. Analysts say the move will give Samsung heir Lee Jae-yong greater control over the conglomerate including its crown jewel Samsung Electronics Co.. The combined entity will be named Samsung C&T.

  • China announced over the weekend that it would allow funds domiciled in Hong Kong and China to be sold in each others' market starting July 1, in China's latest step to facilitate cross-border investment. Lu Wenjie, a strategist at UBS Securities, estimated last week that Chinese investors could potentially pump 200 billion yuan into Hong Kong stocks in the next...

  • Nikkei's winning streak runs into profit-taking Monday, 25 May 2015 | 10:23 PM ET

    *Tomy falls after Marunouchi Capital sells entire stake. *Kyushu Electric rises after nuclear reactor restart announcement. TOKYO, May 26- Japan's Nikkei share average edged down on Tuesday morning, snapping a seven-day winning streak as investors took profits after the recent gains made on optimism over the economy's recovery and higher shareholder...

  • Australia's gold miners drive M&A revival Monday, 25 May 2015 | 10:08 PM ET

    SYDNEY, May 26- Gold miners are spearheading a wave of merger and acquisition activity in Australia, riding a rebound in local gold prices to pounce on projects promising quick growth. We've seen more M&A in Australia in 2015 than in the past five years, " Ian Murray, chairman of Perth- based Gold Road Resources Ltd told Reuters, referring broadly to the level of...

  • SANTIAGO, May 25- Chile's central bank and the People's Bank of China are clearing a path for the use of the Chinese yuan in South America as the two countries look to strengthen their trade relationship. China's central bank said in a statement that it had appointed China Construction Bank as the yuan clearing bank in Chile. China also agreed to grant a 50 billion...

  • SINGAPORE, May 26- Crude oil prices were broadly unchanged in early trading on Tuesday, as firm demand supported and ample supply dragged, but analysts said there were signs that a recent rally was running out of steam. Robust demand in Asia as well as due to the driving season in the United States is being met by near record output, especially from the Organization...

  • May 25- A labor-affiliated pension fund adviser is seeking an inquest into the auditor of Wal Mart Stores Inc, Ernst& Young LLP, accusing the auditing firm of knowing about possible bribery in Mexico long before the retailer disclosed it to U.S. authorities. CtW Investment Group, an adviser to union pension funds holding about 0.15 percent of Wal-Mart's shares,...

  • DIARY- Top Economic Events to June 5 Monday, 25 May 2015 | 9:09 PM ET

    TAIPEI- Former Federal Reserve chairman Ben Bernanke speaks on Asian economies- 0830 GMT. TEL AVIV, Israel- Federal Reserve Vice Chair Stanley Fischer speaks on "The Federal Reserve and the Global Economy" before a conference in honor of Professor Haim Ben-Shahar- 1630 GMT. PARIS- ECB Governing Council Member Christian Noyer gives an annual press conference in...

  • MELBOURNE, May 26- London copper on Tuesday climbed away from three-week lows tipped the session before, as markets resumed after a long weekend buoyed as comments from a Fed official soothed concerns about an imminent start to a higher U.S. rate cycle. *The most-traded July copper contract on the Shanghai Futures Exchange advanced 1 percent to 45,060 yuan a...

  • SINGAPORE, May 26- Gold was stuck in a tight trading range above $1,200 an ounce on Tuesday, as the dollar firmed near a one-month peak against a basket of major currencies on prospects of higher U.S. interest rates this year. *Spot gold was steady at $1,206 an ounce by 0037 GMT. *The greenback was also boosted by weakness in the euro, which was pressured on worries Greece...

  • GLOBAL MARKETS-Asian shares slip, dollar stands tall Monday, 25 May 2015 | 8:28 PM ET

    *Monday's holiday in U.S., UK, much of Europe kept trading thin. TOKYO, May 26- Asian shares fell in early trading on Tuesday, while the dollar held near highs scaled in holiday-thinned trading in the previous session. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.2 percent in early trade, after eking out a late gain in the previous session.

  • SINGAPORE, May 26- U.S. crude was steady early on Tuesday as firm demand supported prices and ample supply dragged. Robust demand in Asia as well as from the driving season in the United States is being met by near record output, especially from the Organization Of Petroleum Exporting Countries, although U.S. production seems to have been peaked, at least...

  • CARSON CITY, Nev.— The Las Vegas Metro Chamber of Commerce, a major business group that has remained neutral on tax bills for most of the legislative session, said Monday that it would offer conditional and temporary support of Republican Gov. Representatives from mining, building, casinos and telecommunications are backing the plan in the name of improving...