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  • BERLIN, May 22- Germany's coalition government split along party lines on Monday over the question of debt relief for Greece ahead of a crunch meeting in Brussels to tackle the thorny issue. Foreign Minister Sigmar Gabriel, a Social Democrat, caused the divergence in views by demanding that the euro zone make a firm commitment on granting debt relief to Greece,...

  • WASHINGTON/ PARIS, May 22- Ford Motor Co on Monday said it was replacing replace Chief Executive Officer Mark Fields with James Hackett, the head of the unit developing self-driving cars, in response to investors' growing unease over the U.S. carmaker's stock performance and prospects. Hackett, 62, a former CEO of furniture manufacturer Steeelcase Inc, will take...

  • BRUSSELS, May 22- European Union governments agreed a common Brexit negotiating plan on Monday and renewed their insistence that they would not open talks on a post-Brexit trade deal until London agrees to settle what it owes the Union. Several ministers stressed their priorities are to provide legal clarity for EU citizens in Britain before they find...

  • PARIS/ SINGAPORE, May 22- Chicago corn and wheat extended gains on Monday to notch up two-week highs, while soybeans also stayed firm as wet, cool weather in U.S. grain belts raised risks for spring crop planting and winter wheat harvesting. The Chicago Board Of Trade most-active corn contract was up 0.3 percent at $3.73-3/ 4 a bushel by 1156 GMT, after climbing to its...

  • BERLIN, May 22- The euro is "too weak" due to the European Central Bank's monetary policy, German Chancellor Angela Merkel said on Monday, pointing out that this helped explain Germany's relatively high trade surplus. Turning to France, Merkel said the German government must help new French President Emmanuel Macron to succeed, saying she hoped Macron manages to...

  • U.S. customers bought goods from Europe's biggest economy worth 29.1 billion euros, keeping the U.S. as the biggest client for' Made in Germany' products, Federal Statistics Office figures reviewed by Reuters showed. Since German clients imported much less U.S. goods from January-March, Germany's trade surplus with the United States swelled to nearly 14...

  • *Mobility boss James Hackett to be new CEO- sources. *Ford of Europe boss to return to US-based role- sources. PARIS/ DETROIT, May 22- Ford Motor Co. is set to replace Chief Executive Mark Fields with James Hackett, the head of its mobility arm, company sources said, responding to growing investor unease over the U.S. carmaker's stock performance and prospects.

  • FRANKFURT, May 22- Discord between the euro zone's three largest countries is stalling the European Central Bank's efforts to come up with a way to force euro clearing out of London and put it under its watch, three sources told Reuters. Currently UK clearing houses, particularly the London Stock Exchange's LCH.Clearnet, guarantee the vast majority of the...

  • **Statoil CEO Eldar Saetre told Reuters on Monday about the prospect that OPEC and non- OPEC countries would extend the output cuts they agreed late last year:. **OPEC and the non- OPEC producers are due to meet in Vienna on May 25. Sources earlier told Reuters that an OPEC panel was considering the idea of deepening the output cuts.

  • The 27 ministers said in a statement Britain "must honor its share of all the obligations undertaken while being a member" and also "fully cover the specific costs related to the withdrawal, such as the relocation of EU agencies currently based in the U.K.". The cost estimates for Britain have gone as high a 100 billion euros for the withdrawal, a sum which British...

  • WASHINGTON, May 22- The man who led President Donald Trump's transition team for the U.S. Environmental Protection Agency, Myron Ebell, told a conservative conference last month that the new administration is moving too slowly to unravel climate change regulations. In closed-door remarks to members of the conservative Jefferson Institute in Virginia on...

  • BRUSSELS— The 27 EU nations entering divorce proceedings with Britain have agreed on a tough negotiating mandate.

  • *OPEC- led supply cut seen extended by six to nine months. *Soaring U.S. production undermines OPEC efforts. The possibility of deepening the cuts was also being discussed ahead of a meeting of OPEC and other producers in Vienna on May 25, sources said.

  • BERLIN— Germany and France pledged Monday to seek ways to strengthen the 19- nation eurozone, with harmonizing corporate taxes among the possible measures they will mull over in the coming weeks. Germany and France could either propose a joint corporate tax system of their own or concentrate on pushing efforts for a harmonized assessment of corporate taxes...

  • *Clariant CEO takes chairman role, Peter Huntsman CEO job. ZURICH/ FRANKFURT, May 22- U.S.-based Huntsman Corp and Swiss Clariant AG are combining to create a chemical manufacturer with a market value of over than $14 billion, the deal coming together after years of tentative mutual approaches. European businesses have particularly suffered, losing market...

  • The eurozone's top official says an agreement to give Greece the next batch of bailout cash it needs before a summer repayment bump has not been reached, but that it's close. Jeroen Dijsselbloem said at the conclusion of a meeting of the single currency bloc's 19 finance ministers that Greece has made "huge progress" on implementing the policy package required...

  • BERLIN, May 22- The German Foreign Ministry said on Monday that Berlin should have an interest in not isolating itself with its stance on Greece and the question of debt relief for Athens. The comments came after German Foreign Minister Sigmar Gabriel, a Social Democrat, demanded that the euro zone make a concrete commitment on debt relief to Greece, effectively...

  • BERLIN— The German and French finance ministers say they're confident of an agreement to unlock further aid for Greece, but Germany's Wolfgang Schaeuble is sticking to his insistence that further-reaching debt relief is a matter for the future. Schaeuble met new French counterpart Bruno Le Maire were traveling to Brussels together Monday for a gathering of...

  • LONDON, May 22- Iraq has achieved its share of the production cuts agreed by OPEC and non- OPEC producers at the end of last year but remains ready to meet future oil demand growth, Iraqi oil minister Jabar al-Luaibi said in a speech on Monday. "Iraq as the second-largest producer in OPEC confirms its achievement to the commitment to implement the production cut and...

  • *European bourses, euro struggle on Spain, Greece, Brexit rumblings. *Oil hits $54 per barrel on OPEC hopes. LONDON, May 22- European shares, the euro and the pound all stumbled on Monday as rumblings in Spain, Britain and Brussels reminded investors that the region still has plenty of political uncertainty left in the tank.