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  • ZURICH, June 23- A European Medicines Agency panel recommended on Friday approving Novartis's Kisqali drug, bolstering the Swiss drugmaker's bid to challenge rival Pfizer's Ibrance against tough-to-treat breast cancer. The EMA's Committee for Medicinal Products for Human Use backed Kisqali in combination with hormone therapy as a first-line treatment...

  • NEW DELHI, June 23- India fired a rocket carrying 31 small satellites into space on Friday, several of them for European countries, in a boost to Prime Minister Narendra Modis ambition to project the country as a global low-cost provider of services in space. The rocket is carrying satellites from India and 14 other countries, including Austria, Belgium, Latvia,...

  • FRANKFURT, Germany— The European Central Bank is asking for legal powers to oversee how transactions involving financial derivatives are settled— a hot topic in negotiations over Britain's departure from the European Union. Much of the activity in clearing euro-denominated derivatives is located in London and involves thousands of jobs in the financial...

  • *Gold resistance at $1,260/ oz, 55- day moving average. LONDON, June 23- Gold prices climbed to one-week highs on Friday, boosted by a lower dollar and economic and political uncertainty around the world, but the prospect of further interest rate rises in the United States limited gains. Allegations of ties to Russia have cast a shadow over U.S.

  • *Many U.S. shale drillers profitable at $40/ bl- Cenkos. Brent crude futures were up 28 cents at $45.50 a barrel at 0830 GMT. Bearish factors like higher output in Libya or Nigeria result in lower oil prices but bullish factors, like the really high OPEC commitment, are ignored, "said Frank Schallenberger, head of commodity research at LBBW in Stuttgart.

  • TOKYO, June 23- Toshiba Corp said it was open to talks with Western Digital Corp in their dispute over the sale of the Japanese conglomerate's prized chip unit- an apparent olive branch after it chose another suitor as preferred bidder. Toshiba would be willing to hold talks but does not expect the composition of the preferred bidder consortium, which includes...

  • ALISO VIEJO, Calif. _ Five Point Holdings LLC on Thursday reported a loss of $7.8 million in its first quarter. On a per-share basis, the Aliso Viejo, California- based company said it had a loss of 20 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • *reuters:// realtime/verb= Open/url= cpurl:// apps.cp./ Apps/mm-bondyield-polls? s= 6 J&s t= G poll data. The latest Reuters poll of over 60 strategists at bond dealers and research institutions, taken June 19-22, suggests yield rises over the next year will at best track the Federal Reserve's current intended rate-increase path.

  • WASHINGTON/ MOSCOW, June 23- Western technology companies, including Cisco, IBM and SAP, are acceding to demands by Moscow for access to closely guarded product security secrets, at a time when Russia has been accused of a growing number of cyber attacks on the West, a Reuters investigation has found. Russian authorities are asking Western tech companies to allow...

  • MADRID— Spain's Interior Ministry says police have arrested a man allegedly involved in a network of Danish companies that financed and recruited militants for the Islamic State group. Police say the group recruited at least 10 IS combatants from Denmark, Germany and Spain. The man was arrested in Spain's north African enclave of Melilla in an operation...

  • LONDON, June 23- For years the options market that companies and investors use to hedge against big swings in currencies viewed the euro as a bigger political and structural risk than Britain's pound. In the political and market turmoil immediately before and following Britain's decision last June to leave the European Union, financial market investors...

  • BUDAPEST/ BUCHAREST, June 23- The Romanian leu regained some ground and stabilized on Friday after the ruling Social Democrats toppled their prime minister this week and now plan to form a new government. If President Klaus Iohannis, a centrist, rejects the new- as yet unknown- candidate, more instability and prolonged policy gridlock could follow, analysts said.

  • LONDON, June 23- Chinese mainland shares rose nearly 1 percent on Friday, enjoying their best week since November after MSCI's decision to include them in its benchmark index, whilst South Africa's rand firmed after parliament backed the central bank's independence. Emerging equities have attracted $1.7 billion this week and emerging bonds $2.2 billion,...

  • 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. Short-term UK market interest rates have shifted since a speech by the Bank's chief economist, Andy Haldane, earlier this week,...

  • *Ireland sells 25 percent stake at 4.40 euros per share. DUBLIN, June 23- Ireland raised 3 billion euros by selling a quarter of Allied Irish Banks on Friday in a remarkable turnaround for a company at the forefront of reckless lending during the "Celtic Tiger" boom. The initial public offering of 25 percent of AIB's shares at 4.40 euros each was the third largest...

  • 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. Short-term UK market interest rates have shifted since a speech by the Bank's chief economist, Andy Haldane, earlier this week,...

  • SHANGHAI, June 23- Hong Kong shares were little changed on Friday, and roughly flat for the week, amid concerns that MSCI's decision this week to include China- listed shares to its emerging market benchmark could weaken the city's role as a gateway to investing in China. In the previous session, their shares dropped on news the banking regulator had ordered checks...

  • *Moody's rates France Aa2 with stable outlook. Moody's-- one of the big three ratings firms-- is set to publish its review for its Aa2 rating for France, for which it currently has a stable outlook, after European markets close. Macron, who beat far-right leader Marine Le Pen in May's presidential run-off, has pledged to tackle one of the main hurdles to France's ailing...

  • SYDNEY, June 23- Copper rallied late on Friday as the dollar weakened, forcing shorts to cover positions ahead of the weekend, while zinc fell on profit-taking following this week's surge on supply concerns. *COPPER: London Metal Exchange copper rallied by 1.4 percent to $5,820 a tonne by 0753 GMT. *Shanghai Futures Exchange copper rallied 1.5 percent to 46,690...

  • Though growth eased slightly in June, financial information firm IHS Markit said Friday that the eurozone's second quarter overall looks like it will be its strongest since the first three months of 2011. "The latest reading needs to be looked at in the context of recent elevated levels," said Chris Williamson, IHS Markit's chief business economist.