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  • LONDON, May 26- Sterling racked up its worst falls since early February on Friday after an opinion poll showed Prime Minister Theresa May's lead down to just 5 percentage points over the Labour opposition less than two weeks before a parliamentary election. In a succession of falls in Europe, the pound sank against the euro and by a full percentage point against...

  • FRANKFURT/ LONDON, May 26- International buyout groups and Chinese investment funds are expected to submit bids for Israeli irrigation firm Netafim, which could fetch around $1.5 billion, within the next few weeks, two banking sources said on Friday. Private equity funds CVC and Bain Capital and Chinese investment funds Fosun International and Primavera...

  • *OPEC wants to see Texan fields, U.S. bankers visit Vienna. *OPEC needs higher prices, but wary of new U.S. oil boom. OPEC and non- OPEC countries led by Russia agreed on Thursday to extend oil output curbs by nine months to March 2018, keeping roughly 2 percent of global production off the market in an attempt to boost prices.

  • LGIM's decision follows plans by rival fund manager M&G, a subsidiary of Prudential, to set up a management company and distribution arm in Luxembourg, which along with Dublin is one of Europe's main hubs for fund services. "This is yet another very important signal to the market that financial services companies can come to Ireland quickly and service their...

  • TAORMINA, Italy, May 26- A top adviser to Donald Trump confirmed on Friday that the U.S. president had criticised Germany as "very bad" on trade at a meeting with EU officials in Brussels on Thursday. "He said they're very bad on trade, but he doesn't have a problem with Germany," White House economic adviser Gary Cohn told reporters at a Group of Seven summit in Sicily.

  • *OPEC, other producers extend production cut to March 2018. LONDON, May 26- Oil prices slipped further on Friday following an OPEC- led decision to extend current production curbs that investors gauged did not go far enough to reduce a global supply glut. At Thursday's meeting in Vienna the Organization of the Petroleum Exporting Countries and some non- OPEC...

  • TAORMINA, Italy, May 26- Leaders from the world's major industrialised nations began talks on Friday at a G7 summit in Sicily which is expected to expose deep divisions with U.S. The two-day summit, at a cliff-top hotel overlooking the Mediterranean, began a day after Trump blasted NATO allies for spending too little on defence and described Germany's trade...

  • LONDON, May 26- Sterling dived more than half a percent against the dollar and euro on Friday after an opinion poll showed Prime Minister Theresa May's lead down to just 5 percentage points over the Labour opposition less than two weeks before a general election. The pound hit a three-week low of $1.2837, more than two cents below last week's six-month highs, in a...

  • *European stocks open down, track Asia. LONDON, May 26- Oil prices see-sawed on Friday after OPEC extended cuts in oil production but disappointed investors by not going further, while sterling slid after a poll showed the ruling Conservatives' lead shrinking two weeks before an election. Britain's pound tumbled 0.8 percent to a three-week low of $1.2834 and hit...

  • BERLIN— The European Union's trade commissioner says it's "unrealistic" to expect that a trade deal between the EU and Britain will be ready by the time the U.K. leaves the bloc in 2019.. German weekly Der Spiegel quoted commissioner Cecilia Malmstrom Friday as saying that it's unrealistic to have a trade agreement on April 1, 2019, when Britain is expected to have...

  • May 26- French oil major Total still plans to conclude the Iran South Pars gas deal before summer, its chief executive Patrick Pouyanne told journalists on the sidelines of the company's annual general meeting. Pouyanne said the signing of U.S. sanctions waivers, among other hurdles, cleared the path for the deal to be signed. Pouyanne also added he had met Iranian...

  • LONDON/ SINGAPORE, May 26- Chicago soybean futures edged to a new six-week low on Friday as prices remained under pressure from large global supplies and the prospect of Brazilian exports accelerating after a currency slide sparked farmer selling last week. Corn and wheat ticked higher, underpinned by uncertainty over the impact of wet, cool weather on spring...

  • *Stuttgart prosecutor probes Bosch for potentially abetting fraud. "There is an investigation into aiding and abetting fraud," a spokesman for the Stuttgart prosecutor said about Bosch, following a media report published on Thursday. Bosch and Daimler are both based in Stuttgart.

  • *OPEC, other producers extend production cut to March 2018. LONDON, May 26- Oil prices edged back up on Friday after a 5 percent fall in the previous session on disappointment that an OPEC- led decision to extend current production curbs did not go deeper. At Thursday's meeting in Vienna the Organization of the Petroleum Exporting Countries and some non- OPEC...

  • FRANKFURT, May 26- German prosecutors investigating whether carmaker Daimler manipulated emission tests on its diesel cars are looking at whether auto components supplier Bosch was involved in the alleged fraud, it was confirmed on Friday. "There is an investigation into aiding and abetting fraud," a spokesman for the Stuttgart prosecutor said following a...

  • LONDON, May 26- Gold hit its highest in nearly four weeks on Friday in response to a weaker dollar and political uncertainty that led investors to shun riskier assets in favor of bullion. Equities are also down, "analyst Carsten Menke at Julius Baer in Zurich said. Leaders of the world's rich nations face difficult talks with Donald Trump at a G7 summit in Sicily on...

  • TAORMINA, Italy, May 26- Talks between U.S. President Donald Trump and other leaders of the world's rich nations at the G7 summit on Friday were expected to be "robust" and "challenging" after he had lambasted NATO allies and condemned German trade policies a day earlier. Later, the leaders of Britain, Canada, France, Germany, Italy, Japan and the United States will hold...

  • *STOXX 600 down 0.5 pct, FTSE hits fresh record. *Energy stocks down after OPEC disappointment. The pan-European STOXX 600 index fell 0.5 percent and euro zone blue chips fell 0.7 percent by 0922 GMT, while in London both the main FTSE 100 benchmark and mid caps nudged higher to hit fresh record highs.

  • ATHENS, May 26- Former Greek prime minister Lucas Papademos was recovering well from injuries caused by a booby-trapped package exploding in his car on Thursday, with doctors saying he would stay in hospital for two more days. He was being treated for superficial wounds to his abdomen and a deeper injury to his right leg from the blast, the worst act of violence...

  • TAORMINA, Sicily— The Latest on the G-7 summit in Taormina, Sicily:. The guests included also German Chancellor Angela Merkel's husband, Joachim Sauer, who rarely joins his wife abroad, Shinzo Abe's wife, Akie Abe, and Italian host Paolo Gentiloni's wife, Emanuela Mauro. Residents of the hilltop Sicilian town of Taormina are cheering and waving as the leaders of the...