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  • LISBON, SINTRA, Portugal- European Central Bank President Mario Draghi speaks in Lisbon and Sintra. **SINTRA, Portugal- ECB Excecutive board member Benoit Coeure chairing a Session 1 on "Innovation, investment and productivity" at the ECB Forum on Central Banking in Sintra, Portugal- 0930 GMT. **SINTRA, Portugal- ECB Executive board member Peter Praet chairing a panel "...

  • LISBON, SINTRA, Portugal- European Central Bank President Mario Draghi speaks in Lisbon and Sintra. **SINTRA, Portugal- ECB Excecutive board member Benoit Coeure chairing a Session 1 on "Innovation, investment and productivity" at the ECB Forum on Central Banking in Sintra, Portugal- 0930 GMT. **SINTRA, Portugal- ECB Executive board member Peter Praet chairing a panel "...

  • CHICAGO/ BRASILIA, June 23- Brazil scrambled to shore up its beef industry's reputation on Friday after the United States blocked shipments of fresh cuts, saying it found abscesses in the meat and signs of systemic failure of inspections in the world's largest beef exporter. He said USDA approval for Brazil's fresh beef, which was only granted last year, was...

  • Glencore says offer is at least $225 million higher. On Tuesday, Rio Tinto said it had selected Yancoal to buy its Coal& Allied division in Australia for $2.45 billion. Glencore said its latest offer, which includes a coal-linked royalty, was at least $225 million greater than Yancoal's proposal and it would pay the cash amount in full on completion with no...

  • NEW YORK, June 23- Oil futures edged higher on Friday with a lift from a weaker dollar, but finished a fifth straight week lower as OPEC- led production cuts have failed to substantially reduce a global crude glut. Brent futures settled up 32 cents, or 0.7 percent, to $45.54 a barrel. "The higher rig count this week reflects decisions made a couple of months ago when oil...

  • NEW YORK/ LONDON, June 23- Arabica coffee futures vaulted higher on Friday, notching their largest one-day gain in a year, as options-related dealings spurred short-covering following Thursday's sharp decline. *September arabica coffee settled up 6.5 cents, or 5.58 percent, at $1.23 per lb, rebounding from the previous session's plunge of more than 5 percent.

  • *Gold resistance at $1,260/ oz, 55- day moving average. NEW YORK/ LONDON, June 23- Gold prices climbed to one-week highs on Friday, boosted by a weaker dollar, economic and political uncertainty around the world, as well as the limited prospect of further interest rate rises in the United States. Louis Fed President James Bullard said on Friday, highlighting the...

  • *Many U.S. shale drillers profitable at $40/ barrel- Cenkos. NEW YORK, June 23- Oil futures edged higher on Friday with a lift from a weaker dollar but remained down for a fifth week in a row and close to a 10- month low as OPEC- led production cuts have failed to substantially reduce a global crude glut. Brent futures were up 15 cents, or 0.3 percent, at $45.37 a barrel by...

  • CHICAGO, June 23- MGEX spring wheat futures surged to a 2-1/ 2 year high on Friday and Chicago Board of Trade corn futures dipped to a six-month low in technically driven trade amid an outlook for generally favorable U.S. crop weather, traders said. Soybean futures touched the lowest levels in more than a year as dealers squared positions ahead of the weekend and a...

  • NEW YORK, June 23- Oil futures climbed almost 1 percent on Friday on lift from a falling dollar but remained down for a fifth week in a row and close to a 10- month low as OPEC- led production cuts have failed to substantially reduce a global crude glut. Brent futures were up 40 cents, or 0.9 percent at $45.62 a barrel by 11:52 a.m. EDT, pushing the front-month out of...

  • *Spike in FTSE 100 is mostly caused by sterling slide. LONDON, June 23- UK- based investors who bought shares on the country's main stock index the day after the Brexit vote one year ago could be forgiven for wondering what the fuss is all about. While the main FTSE 100 index has risen 17 percent over the 12 months since Britain voted to leave the European Union, this has...

  • *FTSE 100 down 0.2 pct, mid caps up 0.1 pct. LONDON, June 23- One year on from Britain's shock vote to leave the European Union, cracks are starting to appear in the FTSE 100' s rally, as concerns on both political and economic fronts saw UK shares fall for a third week in a row. While the FTSE ended 2016 up more than 14 percent, fresh political concerns stemming from a hung...

  • LONDON, June 23- Russian gas producer Novatek aims to topple Qatar as the world's biggest exporter of liquefied natural gas as it gets closer to completing its first LNG project, a top executive said, batting away concerns about U.S. sanctions on the sector. But it is the inception of Novatek's second, and Russia's third, large-scale LNG project called Arctic LNG 2...

  • LONDON, June 23- World stocks could be about to record their best start to a year since 1998, when global markets were recovering from the Asian crisis, while oil and the dollar are facing their worst first-half in years. The second feature has been a political and growth outlook shift in Europe which has lured investors back to the continent.

  • Glencore says offer is at least $225 million higher. On Tuesday, Rio Tinto said it had selected Yancoal to buy its Coal& Allied division in Australia for $2.45 billion. Glencore said its latest offer, which includes a coal-linked royalty, was at least $225 million greater than Yancoal's proposal and it would pay the cash amount in full on completion with no...

  • LONDON, June 23- Sterling gained by almost half a percent against the dollar on Friday, helped by a shift in expectations for interest rates that has some in the market backing the Bank of England to raise borrowing costs within months. Policy hawk, Kristin Forbes, in her last speech before leaving the bank, urged colleagues on Thursday evening to raise rates...

  • The source was quoting from a report on the impact of Brexit on companies and investors commissioned by the Association for Financial Markets in Europe, a banking industry lobby group, and compiled by the Boston Consulting Group. The report, due to be published next month and could still be changed, surveyed officials from more than 60 companies, most of which...

  • *Europe sitting on nearly 1 trillion euros of bad loans. PRAGUE, June 23- With little support for a European Union- backed bad bank to clean up the huge pile of soured loans in Europe, national authorities should at least get a common blueprint to deal with the problem, the banking sector watchdog's head said on Friday. It received a cool reception, including from EU...

  • *Spike in FTSE 100 is mostly caused by sterling slide. LONDON, June 23- UK- based investors who bought shares on the country's main stock index the day after the Brexit vote one year ago could be forgiven for wondering what the fuss is all about. While the main FTSE 100 index has risen 17 percent over the 12 months since Britain voted to leave the European Union, this has...

  • *Spike in FTSE 100 is mostly caused by sterling slide. LONDON, June 23- UK- based investors who bought shares on the country's main stock index the day after the Brexit vote one year ago could be forgiven for wondering what the fuss is all about. While the main FTSE 100 index has risen 17 percent over the 12 months since Britain voted to leave the European Union, this has...