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Wires

  • LONDON, May 29- Italian government bond yields shot up on Monday as investors fretted over the possibility of parliamentary elections being held as early as this autumn after comments from former Prime Minister Matteo Renzi. Renzi said on Sunday that it makes sense "from a European perspective" for Italy's next election be held at the same time as Germany's,...

  • *Sri Lanka sees worst disaster from torrential rains since 2003. DHAKA/ AGALAWATTE, Sri Lanka/ May 29- A severe and intensifying cyclone churned north towards Bangladesh on Monday after heavy rain in Sri Lanka and thunderstorms in eastern India killed at least 201 people, with more torrential downpours forecast. Floods and landslides in tropical Sri Lanka, off...

  • LONDON, May 29- A global computer system failure that stranded thousands of British Airways passengers over the weekend was not due to the outsourcing of staff from Britain, the airline's chief executive said on Monday. "All the parties involved around this particular event have not been involved with any type of outsourcing in any foreign country," Chief...

  • While traditional mining powerhouses like Australia, Canada and Chile still offer opportunities, mining companies are under no illusion about the high cost of operating in these jurisdictions and the relatively low chances of scoring a major new deposit. Africa is often cited as a continent filled with promise, but outside of countries with existing...

  • BA CEO CRUZ SAYS GLITCH TO DO WITH LOCAL ISSUES AND LOCAL STAFFING, OUTSOURCING NOT TO BLAME.

  • BA CEO CRUZ SAYS NO CORRUPTION OR ANY COMPROMISE OF ANY CUSTOMER DATA.

  • BA CHIEF EXECUTIVE CRUZ SAYS ON SATURDAY MORNING THERE WAS A POWER SURGE WHICH AFFECTED MESSAGING ACROSS THEIR SYSTEMS.

  • BA CEO CRUZ SAYS NO EVIDENCE THAT THERE WAS A CYBER ATTACK.

  • BA CHIEF EXECUTIVE CRUZ SAYS AIRLINE TODAY WILL BE OPERATING MORE THAN 95 PCT OF FLIGHTS FROM LONDON HEATHROW AND GATWICK- SKY NEWS.

  • ATHENS, May 29- Greece will begin the process of opening up new onshore oil and gas prospects to exploration next year, the chief executive of the country's oil and gas resources management company said on Monday. Greece has launched an ambitious program to discover more oil and gas, encouraged by the recent big large gas finds offshore Israel and Cyprus and...

  • ZAGREB, Croatia— The biggest creditor of indebted Croatian food retailer Agrokor is in talks with the government over financial help. Sberbank, Russia's biggest bank, is Agrokor's biggest creditor and wants the Croatian government to take over the company's loan obligations. Sberbank's deputy president, Maxim Poletaev, said after meeting Croatia's Prime...

  • *OPEC and non- OPEC states agreed to extend cuts to March. LONDON, May 29- Oil prices slipped on Monday as further increases in U.S. drilling activity undercut an OPEC- led push to tighten supply. Trading was subdued due to public holidays in China, the United States and Britain, but concerns lingered over whether OPEC action would be enough to stem the tide of...

  • ABIDJAN, May 29- Ivory Coast, Africa's fastest growing economy last year, will issue a $1 billion Eurobond next month, Finance Minister Adama Kone told Reuters on Monday, as it deals with budget pressure caused by falling cocoa prices and unrest in the army. However, a steep decline in cocoa futures in New York and London this year have put a squeeze on revenues at a...

  • BRUSSELS, May 29- EU ministers agreed on Monday on draft new rules for approving cars for sale in order to prevent a repeat of the Volkswagen emissions scandal and giving the European Commission the power to fine cheating manufacturers directly. The new rules will allow other national authorities to review such decisions and also give the European Commission...

  • MOSCOW— Ukraine's intelligence agency is searching the offices of Yandex, a Russia- based Internet company best known for its search engine. President Petro Poroshenko said the move was made in response to Russia's annexation of the Crimean peninsula and continuing interference in eastern Ukraine. Most of the Internet and media companies banned by Ukraine,...

  • *Aims to capture No. 1 spot in vaping tobacco products in Japan. Global tobacco firms see Japan as a fertile test ground for vaping products since e-cigarettes using nicotine-laced liquid are not allowed under the country's pharmaceutical regulation. While the Marlboro maker's heat-not-burn "IQOS" tobacco device is already enjoying strong demand in Japan,...

  • NEW DELHI, May 29- India's ban on the trade of cattle for slaughter threatens $4 billion in annual beef exports and millions of jobs if the government does not revoke the stoppage decreed last week, according to two industry officials. The ban is likely to further alienate Muslims, who make up 14 percent of India's 1.3 billion people, and raise communal and...

  • ABUJA, May 29- Nigeria's economy is the "biggest challenge of all" for the government, the acting president said on Monday at an event to celebrate two years of the administration of President Muhammadu Buhari, whose repeated periods of medical leave have nevertheless raised concerns. The economy has contracted for five quarters in a row, data showed last week, in...

  • SANTIAGO, May 29- The U.S. government is auditing a foreign aid program that loaned almost $1 billion to renewable energy projects in Chile including solar farms in such deep financial trouble that the loans may never be fully repaid, according to people familiar with the matter. The Office of Inspector General for the U.S. Agency for International Development...

  • ABIDJAN, May 29- Ivory Coast, Africa's fastest growing economy last year, will issue a $1 billion Eurobond next month, Finance Minister Adama Kone told Reuters on Monday. "Everything will be finalized this week," Kone said at the sidelines of a conference in the main city of Abidjan. "The amount decided upon is $1 billion.