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  • *Gold set for biggest weekly gain since Jan. 16. LONDON, May 14- Gold hit a five-week high on Thursday as the dollar remained under pressure following sluggish U.S. data that pushed back expectations of when interest rates in the world's largest economy will rise. "I'm forecasting gold to average $1,200 this quarter, as a slightly weaker dollar will continue to be...

  • ATHENS, May 14- Repayment of what Greece owes to the European Central Bank should be pushed into the future, but it is not an option because it fills ECB chief Mario Draghi's "soul with fear," Greece's finance minister said on Thursday. Yanis Varoufakis said Draghi, president of the European Central Bank, cannot risk irritating Germany with such a debt swap because of...

  • *North Dakota posts surprise oil output jump. June Brent crude was trading 10 cents down at $66.71 a barrel as of 0917 GMT. China, the world's top energy consumer, saw its economy losing more steam in April despite easier monetary policy, while Europe's largest economy, Germany, slowed in the first quarter.

  • BEIJING, May 14- China is considering implementation of a pilot program to securitise bad assets this year, Ye Yanfei, deputy director of the China Banking Regulatory Commission's prudential regulation bureau, told a press conference on Thursday. China's central bank is expected to publish rules on information disclosure for the issuance of asset-backed...

  • *Ukraine economy to plunge 7.5 pct in 2015. *Russia to shrink 4.5 pct in 2015, vs 4.8 in Jan f'cast. Russia is expected to remain in a deep recession as Western sanctions bite, though the EBRD now sees its economy contracting 4.5 percent this year compared with 4.8 percent it forecast in January as global oil prices rebound.

  • *FTSE 100 down 0.1 pct, in line with Europe. LONDON, May 14- Britain's blue-chip FTSE 100 index edged down on Thursday- broadly in line with European shares, hit by a persistent bond-market sell-off- after a mixed bag of corporate earnings and weaker commodity prices. "U.S. and UK stocks appear to be preferred versus German stocks for now, mainly because any increases in...

  • GLOBAL MARKETS-Euro at 3-month high, bond yields key Thursday, 14 May 2015 | 4:30 AM ET

    *Euro zone hits 3- month high above $1.14. Gold at 5- week high. Asian stocks ex- Japan were broadly flat while Japan's Nikkei 225 index fell 1 percent, weighed down by the yen's strength against the sagging dollar.

  • LONDON, May 14- Low interest rates that have forced investors to pile into riskier assets in the hunt for yield pose the biggest risk to financial stability at present, top banking regulators in Europe said at this week's Reuters Regulation Summit. Already historically low interest rates have been pressured further by the European Central Bank's 1...

  • JGBs lifted by solid demand at 30-year sale Thursday, 14 May 2015 | 4:18 AM ET

    TOKYO, May 14- Japanese government bonds erased losses on Thursday after a 30- year auction fared much better than many investors had feared after a tepid 10- year sale earlier in the week. The Ministry of Finance offered 800 billion yen of 30- year JGBs, re-opening issue number 46 with a coupon of 1.5 percent. That matched the high struck on Tuesday after the...

  • HONG KONG, May 14- Hong Kong's benchmark share index ended slightly higher on Thursday after Tencent Holdings Ltd, China's biggest social network and online entertainment firm, posted higher-than-expected first-quarter revenues and earnings. Tencent jumped over 3 percent, supporting the Hang Seng index. Separately, China's two largest developers in the...

  • *Public holiday in much of Europe but markets open. *Europe bourses in 2015: http://link.reuters.com/pap87v. Trading volumes were expected to be subdued due to a public holiday across much of Europe.

  • The euro surged past $1.14 for the first time since February in early trade in Europe and the yen broke back through 119 yen to its highest in two weeks. Sterling, resurgent since UK elections last week, hit a six-month high of $1.5795. "We've just hit stops this morning, there's nothing more than that," said Peter Kinsella, a currency strategist with Germany's...

  • MOSCOW, May 14- The Russian rouble fell sharply on Thursday after the central bank announced it was buying foreign currency worth $100- 200 million daily to replenish its reserves, a sign that it believes the rouble has strengthened far enough. The bank's move to buy forex represents a reversal from its actions last year, when the bank expended reserves to defend...

  • LONDON, May 14- Bank of England Governor Mark Carney said on Thursday it was important that the British government provide clarity on how it will proceed with a planned referendum on the country's membership of the European Union. Carney told BBC radio that Britain's access to the EU's common market was one of its big economic advantages. It's the largest...

  • HONG KONG, May 14- Hong Kong's offshore yuan bond market rallied strongly in the past month, with the high-yield sector taking the lead, thanks to improved risk appetite and easing of tight liquidity that has lasted for months. The rally is likely to continue as China gets deeper into a policy easing cycle and more stimulus measures are expected to shore up the...

  • LONDON, May 14- Benchmark German 10- year Bund yields held near 2015 highs on Thursday as a global retreat from fixed income assets hammered on, ignoring macroeconomic data that would normally be supportive for bond markets. The spring-back in yields from near-zero levels began on April 29, coinciding with very low, but better-than-expected German inflation...

  • *Germany, Brazil, Latam grow but Spain still contracting. MADRID, May 14- Telefonica posted higher first-quarter sales and core profits on Thursday thanks to growth abroad, a sign that an expected turnaround at the Spanish company is underway even though its home market shrank again. Having recently bought rivals in Germany and Brazil and agreed the sale of its...

  • LONDON, May 14- European shares extended a losing streak on Thursday as bond market jitters and a rebound in the euro currency, whose weakness has benefited many European exporters, weighed on stocks. The pan-European FTSEurofirst 300 index was down by 0.6 percent at 1,560.75 points in early session trading, although the index remains up by around 14 percent...

  • *To also get 25 billion yen from turnaround fund. TOKYO, May 14- Japan's Sharp Corp said it had secured a $1.9 billion bailout, its second major bank-led rescue in three years, after falling deep into the red as its smartphone display business was battered by competition from Asian rivals. Mizuho Bank and Bank of Tokyo-Mitsubishi UFJ will inject a combined 200...

  • SHANGHAI, May 14- China stocks closed mixed on Thursday, as gains from the telecom sector balanced out losses from the real estate sector. The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 0.4 percent, to 4700.78, while the Shanghai Composite Index gained 0.1 percent, to 4,378.31 points. The total volume of A shares traded in Shanghai...