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  • LONDON, May 19- European stocks edged lower on Monday, with British pharma group AstraZeneca weighing after it rejected a takeover bid, while broader sentiment was capped by an uncertain economic picture.

  • *AstraZeneca says Pfizer offer falls short. *AstraZeneca sees its worth at least 58.85 pounds a share. LONDON, May 19- Britain's AstraZeneca on Monday rejected a sweetened and "final" offer from Pfizer, leaving it uncertain if the U.S. drugmaker would pull off its plan to create the world's biggest pharmaceuticals group.

  • TOKYO, May 19- Japan's economy is reacting as expected to a recent national tax increase and the central bank stands ready to respond to any downturn, a senior government official said on Monday, signaling no need for fresh stimulus now.

  • FRANKFURT, May 19- Deutsche Bank aims to price and issue around 9.5 billion euros in both new equity and hybrid debt by June 4, the lender said on Monday. Germany's largest bank unveiled an 8 billion euro equity capital raising late on Sunday in a move to fortify its regulatory strength measures and put investor doubts to rest.

  • AstraZeneca rejects 55 pounds/share Pfizer offer Monday, 19 May 2014 | 2:15 AM ET

    LONDON, May 19- Britain's AstraZeneca on Monday rejected a sweetened 55- pounds-a-share offer from Pfizer, leaving it uncertain if the U.S. drugmaker would pull off a plan to create the world's biggest pharmaceuticals group.

  • *Obama, Hollande agree Russia to face further costs over Ukraine. SINGAPORE, May 19- Brent crude rose to $110 a barrel on Monday on renewed concerns over Libya's oil output and following some of the worst violence in Tripoli since the 2011 war against Muammar Gaddafi.

  • TOKYO, May 19- Japan's Nikkei share average dropped on Monday, extending losses from Friday as a stronger yen made investors risk averse, while sentiment was also hurt by weak China shares on concerns about slower growth in the world's second-biggest economy. The Nikkei ended 0.6 percent lower at 14,006.44.

  • JAKARTA, May 19- Indonesia's Joko "Jokowi" Widodo received a major boost in the race to become president of the world's third-largest democracy on Monday when he picked popular former vice president Jusuf Kalla as his running mate in the July election.

  • KABUL, May 19- A bored security guard, a Kalashnikov rifle over his shoulder, stands guard alone outside an idle construction site for a 10- storey building in downtown Kabul, one of more than a dozen concrete shells with not a single construction worker in sight. However, business has now ground to a halt across much of Afghanistan.

  • SEOUL, May 19- Hyundai Motor Co is recalling more than 120,000 Tucson crossover utility vehicles in South Korea because the airbag assembly may come loose from its mounting on the steering wheel.

  • TOKYO/ SYDNEY, May 19- The euro edged up slightly versus the dollar on Monday after two punishing weeks as investors waited for fresh data, with its upside pressured by growing expectations of easier policy in the euro zone.

  • May 19- More than half of Ally Financial Inc's shares could hit the market beginning next week and lasting through August, holding back its share price. Treasury, which owns around 16 percent of the auto lender, can also start selling a small amount of shares after June 8, and larger blocks starting August 7.

  • WASHINGTON, May 19- As U.S. National Security Agency Director Mike Rogers seeks to repair the damage to the agency caused by leaks about its electronic spying programs, the abuses of government revealed in the wake of the Watergate scandal are very much on his mind.

  • WASHINGTON, May 19- The two new nominees to the Federal Reserve's Board of Governors are expected to push for an expanded Fed role in managing the U.S. economy, working to replace the current raft of programs that resulted from the financial crisis with more permanent tools. The arrival of former Bank of Israel Governor Stanley Fischer and former U.S.

  • HONG KONG/ SHANGHAI, May 19- China shares fell on Monday as financials and property stocks fell following stiffer regulations on interbank lending and more evidence of cooling momentum in the property market. Hong Kong shares also declined with losses mainly seen in the property and energy sectors as investors took profit on gains from last week.

  • LAUNCESTON, Australia, May 19- Narendra Modi's crushing election win has given rise to hopes for an economic revival in India, but much will depend on whether he can replicate the electricity success of his home state.

  • METALS-Copper hits 11-wk high on tight supply Monday, 19 May 2014 | 12:29 AM ET

    *Copper targets 200- day moving average at $7,050- analyst. SYDNEY, May 19- London copper hit its highest in 11 weeks on Monday as China pledged to quicken the pace of financial reform, supporting growth in demand for commodities as global exchange supplies of the metal dry up.

  • Brent rises to $110 on Libya violence, fall in output Monday, 19 May 2014 | 12:22 AM ET

    *Obama, Hollande agree Russia to face further costs over Ukraine. SINGAPORE, May 19- Brent crude rose to $110 a barrel on Monday on renewed concerns over Libya's oil output and following some of the worst violence in Tripoli since the 2011 war against Muammar Gaddafi.

  • *Nikkei flat, ex-Japan Asia down 0.3 pct as China shares slide. TOKYO, May 19- Chinese shares led Asia markets down on Monday, as concerns about slower growth in the world's second-biggest economy checked risk appetite and took a large slice off Australian equities.

  • *Gold ticks up but still below $1,300 on strong US data. SINGAPORE, May 19- Gold steadied on Monday after two consecutive sessions of losses but remained below the key $1,300- an-ounce level, weighed down by strong U.S. economic data and waning investor interest.