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  • BRUSSELS— Hopes for a breakthrough in negotiations for cash-strapped Greece were dashed again and another deadline was set. Greece once again failed to get approval from its European creditors to receive the next batch of bailout loans that it needs to meet a debt repayment hump this summer. Without the loans, Greece faces another brush with bankruptcy.

  • *Sterling dips marginally after Manchester attack. LONDON, May 23- The dollar struggled to recover ground against other major currencies on Tuesday as stronger German data and low 10- year U.S. "U.S. political risk obviously has came very much to the front of market attention in the past week," said Lee Hardman, a currency economist with Japan's MUFG in London.

  • ZURICH, May 23- Switzerland's trade surplus narrowed to its lowest level since the Swiss franc's surge rocked the country more than two years ago, as its industrial sector continued to struggle with the strong currency and pharmaceuticals exports slowed. In January 2015 the Swiss National Bank scrapped its long-standing limit on the franc versus the euro,...

  • THE HAGUE, May 23- Royal Dutch Shell shareholders on Tuesday widely rejected a proposal by an environmental activist group demanding the oil major sets and publishes annual targets to reduce carbon emissions. As many as 94 percent of Shell shareholders voted against the resolution, preliminary results displayed during the company's annual general meeting...

  • LONDON, May 23- Foreign holdings of German government bonds have fallen to their lowest since before the financial crisis in 2008, data suggests, a potential headache for the European Central Bank which buys the bulk of assets for its stimulus scheme from among the debt. But with QE scheduled to run until year-end with any tapering to follow, scarcity of debt from...

  • PARIS, May 23- France's consumer fraud watchdog believes Volkswagen made 22.78 billion euros in sale proceeds on cars sold in the country with illegal defeat devices, Le Monde reported on Tuesday. Spokespeople for Volkswagen France and the Paris prosecutor did not immediately return calls seeking comment. The French sales and savings figures could...

  • *Deal might include new, small non- OPEC producers. VIENNA, May 23- OPEC will likely agree to extend production cuts for another nine months, delegates said on Tuesday as the oil producer group meets this week to debate how to tackle a global glut of crude. Saudi Arabia's Gulf ally Kuwait said on Tuesday not every OPEC member was on board for an extension to March 2018,...

  • PARIS— French President Emmanuel Macron is holding meetings with unions and business organizations to discuss reforming the country's labor market, which many blame for France's sub-par economic performance over recent years. Government spokesman Christophe Castaner told France 2 television that Tuesday's meetings aim at opening a "dialogue" but that...

  • *Sterling falls after Manchester bomb kills 22. LONDON, May 23- The euro set a new six-month month high on Tuesday and the region's shares made gains as the latest economic data made for some encouraging reading, especially in Germany. The euro climbed as high as $1.12680 to beat the previous day's high by a whisker, while London FTSE, Frankfurt's DAX and the CAC in...

  • May 23- France's Compagnie des Alpes said more favorable economic and political conditions made it hopeful of reaching a deal this year to sell a stake in the company to Chinese conglomerate Fosun and other potential investors. Compagnie des Alpes operates 11 ski resorts in France and 13 leisure parks in Europe, including Parc Asterix and the Grevin waxworks...

  • VIENNA, May 23- Mexico supports an extension of OPEC's supply cuts as a way to stabilize oil markets and bring fresh investment into the country's growing energy sector, the Mexican deputy secretary for hydrocarbons said on Tuesday. Oil ministers from OPEC and non-member producers meet on Thursday in Vienna. Mexico, which is not in OPEC, has seen its oil industry...

  • VIENNA, May 23- Mexico supports an extension of OPEC's supply cuts as a way to stabilise oil markets and bring fresh investment into the country's growing energy sector, the Mexican deputy secretary for hydrocarbons said on Tuesday. Oil ministers from OPEC and non-member producers meet on Thursday in Vienna. Mexico, which is not in OPEC, has seen its oil industry...

  • And the good economic news could well add pressure on the European Central Bank to signal a withdrawal of its extraordinary stimulus measures. One of the indicators the ECB looks at when assessing its policy stance is the monthly survey of business activity from financial information company IHS Markit. Chris Williamson, IHS Markit's chief economist, says...

  • *France election result viewed as major relief. BERLIN, May 23- German business morale brightened more than expected in May to hit its highest level on record since 1991, a survey showed on Tuesday, with the election of Emmanuel Macron as French president viewed as a major relief for Europe's largest economy. France is Germany's second-most important single...

  • BERLIN— A survey shows that business confidence in Germany has risen to its highest level in 26 years. The strong showing was slightly above economists' expectations. The Ifo institute said Tuesday that its monthly confidence index, a closely watched indicator for Europe's biggest the economy, rose to 114.6 points for May from 113.0 in April.

  • BERLIN, May 23- German business morale brightened more than expected in May, hitting its highest level on record since 1991, a survey showed on Tuesday, in a further sign that company executives are more upbeat about the growth outlook of Europe's largest economy. The Munich- based Ifo economic institute said its business climate index, based on a monthly survey...

  • *Sterling dips marginally after Manchester attack. LONDON, May 23- The dollar dipped against the basket of currencies that measures its broader strength on Tuesday, low 10- year U.S. "The 10- year Treasury yield is down 2 basis points and that is feeding through to the dollar underperforming," said Sam Lynton-Brown, a currency strategist with BNP Paribas in London.

  • BERLIN, May 23- The German economy picked up steam in the first quarter helped by strong exports, booming construction and higher household and state spending, burnishing Chancellor Angela Merkel's economic credentials as she gears up for national elections. Europe's biggest economy grew 0.6 percent quarter on quarter, up from 0.4 percent in the final three...

  • ASTANA, May 23- Kazakhstan's Energy Minister Kanat Bozumbayev said on Tuesday he will attend the meeting of OPEC and non- OPEC oil producers in Vienna this week where major crude exporters aim to agree on extending a global output cut.

  • ASTANA, May 23- Kazakhstan's Energy Minister Kanat Bozumbayev said on Tuesday he will attend the meeting of OPEC and non- OPEC oil producers in Vienna this week where major crude exporters aim to agree on extending a global output cut.