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  • *Avago rises after agreeing to buy Broadcom for $37 bln. *Abercrombie& Fitch rises after positive forecast. Initial claims for state unemployment benefits rose by 7,000 to a seasonally adjusted 282,000 for the week ended May 23, the Labor Department said on Thursday.

  • US STOCKS-Futures edge lower as Greece worries weigh Thursday, 28 May 2015 | 7:24 AM ET

    May 28- U.S. stock index futures were lower on Thursday, weighed down by concerns about Greece's ability to strike a deal with its creditors. *European officials downplayed talk that Greece and its lenders were drafting an agreement that would provide Athens much-needed debt relief. *Broadcom shares rose 0.85 percent to $57.64 in premarket trading after Avago...

  • Share markets in China, Hong Kong, Australia skid. LONDON, May 28- The dollar took a breather on Thursday after hitting its highest level against the yen since 2002, and stocks stuttered as high-flying Chinese shares tumbled and European officials downplayed talk of an imminent deal to keep Greece afloat. Commodity markets rebounded as the dollar's momentum...

  • SHANGHAI, May 28- China's stock markets plunged on Thursday, with indexes dropping over 6 percent in record high turnover as investors rushed to sell after more brokers tightened margin trading requirements for clients and the central bank drained money market liquidity. The Shanghai Stock Exchange saw A share turnover hit 1.2 trillion yuan, an all time...

  • SHANGHAI, May 28- China's stock markets plunged on Thursday, with indexes dropping over 6 percent in record high turnover as investors rushed to sell after more brokers tightened margin trading requirements for clients and the central bank drained money market liquidity. The Shanghai Stock Exchange saw A share turnover hit 1.2 trillion yuan, an all time...

  • Hong Kong shares drop sharply on mainland market rout Thursday, 28 May 2015 | 4:11 AM ET

    May 28- Hong Kong stocks suffered their biggest one-day decline since December on Thursday, as panic in a slumping mainland market rippled across the border. The Hang Seng index fell 2.2 percent, to 27,454.31, the biggest fall since Dec. 9. The fear spilled into Hong Kong, where nearly all sectors, including energy, materials, consumer goods and financials fell more...

  • SHANGHAI, May 28- China stocks slumped on Thursday, posting their biggest fall in four months, after several major brokerages tightened requirements on margin financing, triggering fears of further measures by regulators to reduce leverage in the red-hot market. The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 6.7 percent, to...

  • *Share markets in China, Hong Kong, Australia skid. *Uncertainty on Greece keeps investors hopeful but wary. TOKYO, May 28- An index of Asian shares fell on Thursday as the Chinese, Hong Kong and Australian markets slipped, while the dollar scaled its highest level against the yen since 2002 on expectations the U.S.

  • *China market braces for new wave of IPOs. SHANGHAI, May 28- China stocks fell on Thursday as a growing number of brokerages tightened requirements on margin financing- an important engine behind a red-hot rally that has made Chinese share markets the best performers in the world. The losses weighed on Hong Kong, where the Hang Seng index dropped 1.5 percent to...

  • SHANGHAI, May 28- At least three Chinese brokerages, including Guosen Securities Co, Southwest Securities Co and Changjiang Securities Co, tightened margin financing rules on Thursday to tame risks in a red-hot stock market fueled by a record amount of borrowed money. China's benchmark indexes fell over 1 percent on Thursday morning. Changjiang Securities...

  • Nikkei rises for 10th day as weak yen lifts exporters Wednesday, 27 May 2015 | 10:37 PM ET

    TOKYO, May 28- Japan's Nikkei share average rose on Thursday morning, extending its gains to a 10th day as investors hoped exporters' earnings will rise after the dollar hit eight-year highs against the yen. "I thought the market would see a correction given the straight days of gains, but contrary to my initial view, it's being lifted by the weak yen," said Masashi Oda,...

  • NEW YORK, May 27- U.S. stocks rose on Wednesday, with the Nasdaq Composite setting a record closing high, led by a rebound in technology and healthcare stocks and on optimism that Greece would avoid defaulting on its debt.

  • NEW YORK, May 27- European stocks lead major markets higher on Wednesday and the euro edged up on signs, later dismissed, that Greece and its creditors were drafting an agreement that would provide Athens much-needed debt relief. Greece's government said it is starting to draft an agreement with creditors including the European Union and the International...

  • US STOCKS-Wall St rises as Greece worries abate Wednesday, 27 May 2015 | 1:26 PM ET

    *Euro rises against dollar as Greece default fears fade. *Michael Kors slumps on weak sales; weighs on rivals. May 27- U.S. stocks rose higher in afternoon trading on Wednesday, on track for their best day since mid-May, on reports that Greece would avoid a default.

  • LONDON, May 27- European shares rebounded on Wednesday from a one-week low the day before, supported by the prospect of an accord between Greece and its creditors. The FTSEurofirst 300 index of top European shares closed 1.3 percent up at 1,622.96 points, a rebound that accelerated on reports of staff-level agreement between Greece and its creditors, traders...

  • NEW YORK, May 27- The euro stabilized in volatile trading and stocks rose on Wednesday after reports that Greece and its creditors, including the European Union and IMF, had reached an agreement that will provide debt relief to the struggling nation. The agreement between Greece and the Brussels Group, comprised of major creditors that include the EU and...

  • *Michael Kors slumps on weak sales, weighs on rivals. The strong dollar, which means that U.S. companies earn less when sales abroad are brought back, and concerns about Greece has weighed heavily on Wall Street. "The market seems to be in a relief rally and looks like its catching its breath after yesterday's selloff," said Peter Cardillo, chief market economist at...

  • UPDATE 6-Oil falls below $63 as dollar strengthens Wednesday, 27 May 2015 | 9:50 AM ET

    LONDON, May 27- Crude oil futures reversed early gains to fall below $63 a barrel on Wednesday as the dollar's recovery from early losses outweighed expectations of a draw on U.S. oil stocks. July Brent crude fell 83 cents to $62.89 a barrel by 1347 GMT, down from an intraday high of $64.67, while U.S. crude was down 21 cents at $57.82 after touching $58.95 earlier in the...

  • May 27- U.S. stocks opened higher on Wednesday, bouncing back a day after posting their steepest fall in three weeks as the dollar enjoyed its biggest rally in two years.

  • UPDATE 5-Oil slips as dollar recovers Wednesday, 27 May 2015 | 9:04 AM ET

    LONDON, May 27- Crude oil futures reversed early gains to fall towards $63 a barrel on Wednesday as the dollar's recovery from early losses outweighed expectations of a draw on U.S. oil stocks. July Brent crude fell 37 cents to $63.35 a barrel by 1245 GMT, down from an intraday high of $64.67, while U.S. crude was down 13 cents at $57.90 after touching $58.95 earlier in...