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  • *European stocks rise, Germany's DAX hits 1- mth high. LONDON, May 30- European shares hit one-month highs on Monday, while the dollar index rose to a two-month peak after Federal Reserve Chair Janet Yellen suggested that an interest rate hike in the United States may be around the corner. The euro zone's blue-chip Euro STOXX 50 index was 0.1 percent higher, while...

  • LONDON, May 30- European shares steadied in thin trading on Monday, with the prospect of a U.S. interest rate hike coming sooner rather than later prompting investors to avoid strong bets. The euro zone's blue-chip Euro STOXX 50 index was flat by 0710 GMT, while Germany's DAX was up 0.07 percent and France's CAC fell 0.1 percent. Trading volumes were expected to be...

  • *Wall Street rises ahead of U.S. TOKYO, May 30- Asian shares edged down on Monday while the dollar marked fresh highs after Federal Reserve Chair Janet Yellen suggested that an interest rate hike in the United States could be around the corner. Financial spreadbetters predicted Germany's DAX and France's CAC 40 to each open up 0.7 percent, after Friday's gains on...

  • BEIJING— Asian stocks rose Monday following Wall Street's gains as investors looked ahead to economic data this week from China, Australia and Korea. Hong Kong's Hang Seng added 0.4 percent to 20,668.57 and benchmarks in New Zealand, the Philippines and Indonesia also advanced. Sydney's S&P ASX 200 was unchanged at 5,402.80 and Seoul's Kospi held steady at...

  • *Spot gold had dropped 0.5 percent to $1,205.70 per ounce by 0044 GMT. Bullion touched a low of $1205.50 earlier in the session, its lowest since Feb. 22. *This week will provide investors with clues as to how far the Fed is from its next interest rate hike and whether the European Central Bank will see out the year without easing its monetary policy again.

  • SANYA, China, May 30- China's efforts to lift local consumption, spur domestic tourism and keep within its borders citizens that splurge in Milan or Seoul have spawned a duty-free paradise on the southern island of Hainan that it hopes will satisfy a lust for luxury. Firms such as the owner of the world's biggest duty-free shopping center, China International...

  • An outdoor party at a home in Sagaponack, New York.

    A global pileup of homes listed for $100 million or more is underway, with a record 27 such properties up for sale, The NY Times reports.

  • MONDAY, MAY 30 SEOUL, South Korea- Federal Reserve Bank of St. Louis President James Bullard speaks before the Bank of Korea International Conference 2016- 0020 GMT. PARIS- French Finance Minister Michel Sapin and Bank of France Governor Francois Villeroy de Galhau hold a news conference on Paris as a financial center after an annual meeting with the Europlace...

  • NEW YORK, May 27- The U.S. dollar index hit a two-month high and U.S. bond prices fell on Friday after Federal Reserve Chair Janet Yellen said a U.S. interest rate hike will likely be appropriate in the coming months. "It's appropriate... for the Fed to gradually and cautiously increase our overnight interest rate over time, and probably in the coming months such a move...

  • *Higher output at nearly $50 seen trumping supply outages. NEW YORK, May 27- Oil prices dipped for a second day in a row on Friday as some investors took profit on a surge to seven-month highs while others worried about higher production with the market hovering near $50 a barrel. "People are worried crude production will come roaring back at these prices," said Phil...

  • NEW YORK/ LONDON, May 27- Gold slid 1 percent to a three-month low on Friday, extending losses after Federal Reserve Chair Janet Yellen indicated the U.S. central bank could raise interest rates within months if the economy continues to improve, boosting the dollar. You couldn't really say it was uber hawkish, but it keeps the door open for a July hike, and as far as gold...

  • CHICAGO, May 27- Chicago Board of Trade corn futures rose nearly 1 percent on Friday to the highest level in 10 months on strong export demand and short-covering ahead of a long U.S. holiday weekend, traders said. At the CBOT as of 1:09 p.m. CDT, July corn was up 4-1/ 4 cents at $4.12-1/ 2 per bushel. July soybeans were up 5-1/ 4 cents at $10.85 a bushel and July wheat was down 1/...

  • *Banks impacted by slump at Spain's Banco Popular. LONDON, May 27 (Reuters)- European shares were steady on Friday, propped up by the Swiss stock market and pharmaceuticals companies after drugmaker Roche climbed on positive results for one of its products. "Switzerland's SMI is outperforming today, mainly thanks to Roche, after the company published positive...

  • Below are foreign companies that have appeared in Brazil's largest-ever corruption case named "Operation Car Wash" for a Brasilia gas station where some of the alleged money laundering took place. Petrobras wrote off $2.1 billion in graft losses, though federal police and prosecutors believe the amount siphoned from the company for more than a decade could...

  • LONDON, May 27- Both sides in campaigning for Britain's European Union referendum should call an "amnesty" after making a string of misleading and bogus claims, a group of lawmakers said on Friday. Parliament's Treasury Committee also said the balance of evidence from its hearings on Britain's EU membership showed there would probably be a short-term economic...

  • *Higher output at nearly $50 seen trumping supply outages. NEW YORK, May 27- Oil markets fell around 1 percent on Friday, retreating from seven-month highs, as traders weighed the prospect of crude production intensifying because of prices near $50 a barrel despite supply outages in recent weeks that eased a global glut. "People are worried crude production will...

  • NEW YORK, May 27- The U.S. dollar and world stock indexes edged higher on Friday ahead of a speech by Federal Reserve Chair Janet Yellen that could provide new signals on the timing of a U.S. interest rate hike. Yellen is due to speak at an event hosted by Harvard University at 1:15 p.m. ET. "We're expecting a lot of major data in the next few weeks and Yellen will balance...

  • LONDON, May 27- Volkswagen shares are near their 2016 high and valuations have rebounded after last year's emissions scandal but experience of previous corporate crises suggests a full recovery will take time. A U.S. judge said on Tuesday that Volkswagen had made substantial progress toward reaching a final settlement with car owners and the U.S. government,...

  • Banks are rising after Fed Chair Janet Yellen confirmed that the central bank intends to keep raising interest rates provided the economy keeps improving. Verizon reportedly agreed in principle to a new contract with striking employees, and telecom stocks edged higher. YELLEN: Federal Reserve Chair Janet Yellen says it will be "appropriate" to raise interest...

  • NEW YORK, May 27- The dollar index rose on Friday, on track for its strongest monthly performance since last November, before U.S. "The headline was a little softer than expected, but not really anything that dents the outlook for what we've seen from Fed speakers, which seems to be a bit more hawkish since we've gotten the release of the April minutes last week," said...