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  • *Domestically-focused FTSE mid-cap index sets record high. LONDON, May 8- Britain's stock market surged higher on Friday after Prime Minister David Cameron's Conservatives unexpectedly won the general election, giving the party another five years in power. The FTSE 250 mid-cap index rose 2.7 percent to set an all-time high as the election results came...

  • NEW YORK, May 8- The U.S. dollar was mostly little changed against a basket of major currencies on Friday as a mixed U.S. jobs report stoked uncertainty over the health of the U.S. economy and the timing of the Federal Reserve's first interest rate hike. U.S. Labor Department data showed nonfarm payrolls increased 223,000 last month, while the unemployment rate...

  • May 8- Puerto Rico is set to run out of cash by the end of September without additional financing, and may implement emergency measures, including defaulting on its debt obligations, according to a report by the U.S. territory's fiscal agent.

  • NICOSIA, May 8- International lenders are close to wrapping up an assessment mission to bailed out Cyprus, which if positive will allow the island to participate in the ECB'S bond-buying programme, its finance minister said on Friday. "We were in a position to show significant progress so I consider that will be positive," Finance Minister Haris Georgiades told...

  • U.S. wholesale inventories rise slightly in March Friday, 8 May 2015 | 10:03 AM ET

    WASHINGTON, May 8- U.S. wholesale inventories rose slightly in March as sales fell, data from the Commerce Department showed on Friday. Wholesale inventories rose 0.1 percent after a downwardly revised 0.2 percent rise in February. Economists polled by Reuters had forecast stocks at wholesalers rising 0.3 percent in March after a previously reported 0.3...

  • May 8- McDonald's Corp reported a smaller-than-expected fall in worldwide sales at its established restaurants in April, thanks to a stronger performance in Europe, sending shares of the company higher in morning trading. Same-restaurant sales grew 1 percent in Europe, as gains in the United Kingdom and Germany offset declines in the key markets of France and...

  • *Unemployment rate falls to lowest since May 2008. *Microsoft jumps on news it's not pursuing Salesforce. The unemployment rate dropped from 5.5 percent to 5.4 percent, its lowest level since May 2008, despite an increase in the number of people entering the labor market.

  • OTTAWA, May 8- Canada shed 19,700 jobs in April as losses in part-time work offset gains in full-time positions, but analysts said the data signaled some resilience to the damaging impact of the oil price slump on the country's petroleum-producing economy. But full-time employment rose by 46,900, which Scotiabank economist Derek Holt said was a sign of hope...

  • May 8- U.S. stocks opened sharply higher on Friday after positive U.S. job data for April indicated signs of an uptick in the economy that could keep the Federal Reserve on track to hike interest rates this year.

  • COPENHAGEN, May 8- Investors have high hopes for Novozymes and the enzymes it makes to improve chemical processes in a variety of industries, but analysts warn of pitfalls in a growth strategy reliant on a biofuel sector still in its infancy and unproven farming biotechnology. Having built on mother company Novo's work in the 1940 s to produce biological...

  • LONDON, May 8- Underground disposal of waste water produced from oil and natural gas wells has been blamed for triggering thousands of small earthquakes in Oklahoma and a number of other U.S. states since 2009.. Heightened seismic activity corresponds closely with the timeframe and location of increased drilling and hydraulic fracturing across the...

  • LONDON, May 8- Brent crude oil edged higher on Friday as strong Chinese crude imports eased concerns over a growing supply glut. Benchmark Brent crude was at $65.90 per barrel at 1402 GMT, up 36 cents, yet on track for a near 1 percent weekly decline. "The report should prove supportive of crude oil prices and produce strong gasoline demand, as employees drive to the...

  • MOSCOW, May 8- Russia's VTB Bank said on Friday its Austrian unit would work closely with the European Central Bank to ensure that it passes the European regulator's stress tests. The ECB said on Wednesday it would carry out stress tests and balance sheet reviews on the Austrian units of VTB and rival Russian lender Sberbank. Sberbank said earlier this week its...

  • LONDON, May 8- A rebound in U.S. jobs numbers lifted U.S. stock futures, boosted the dollar against the euro and helped European shares consolidate their biggest daily gain since January on Friday. "This is more evidence that the economy is expanding after its first-quarter swoon," said Jim McDonald, chief investment strategist at Chicago- based Northern Trust...

  • May 8- Traders pared bets the Federal Reserve will move to raise U.S. benchmark interest rates even by the end of the year, after a U.S. government report on Friday showed job gains this year have slowed. The U.S. short-term interest-rate futures contracts rose after the Labor Department report, with traders seeing a 51 percent chance that the first Fed rate hike...

  • MOSCOW, May 8- Russia's VTB Bank could pay dividends on its 2014 results of 0.117 kopecks per ordinary share, Interfax reported on Friday, citing a source.

  • DETROIT, May 8- General Motors Co said it will fall short of its goal of having 500,000 GM vehicles on U.S. roads by 2017 that are powered by some form of electricity. The No. 1 U.S. automaker said in its annual sustainability report that lower gasoline prices and a "surge" in model offerings from all automakers contributed to the lower-than-expected sales for...

  • *Russia looks to China as ties with West fray. MOSCOW, May 8- Russia and China signed a $25 billion deal to boost Chinese lending to Russian firms and a host of other accords deepening economic cooperation on Friday as Moscow's ties with the West fray over the Ukraine crisis. In a further sign of Moscow's eastward shift, China and Russia are due to hold joint naval...

  • BRUSSELS, May 8- EU finance ministers will debate on Tuesday whether the European Commission softened the bloc's budget rules too far through the back door by giving governments leeway on deficit reduction in return for planned reforms before they are implemented. Under the European Union's Stability and Growth Pact, states have to cut the public deficit by...