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  • WASHINGTON, May 23- The Republican-led U.S. derivatives regulatory agency is splitting with the White House over how large its fiscal 2018 budget should be, saying it needs extra funds to help carry out its mission. The Commodity Futures Trading Commission said on Tuesday it is seeking a $31.5 million boost on its current $250 million budget.

  • Greece is eyeing its first sovereign bond issue in three years as early as July, but disagreements among its lenders over debt relief may delay its plans. PIMCO is one of the largest holders of a five-year bond Greece sold in a brief return to markets in 2014, according to Thomson Reuters' data. Greece's last venture into international bond markets was with a...

  • Under the trade deal between the United States, Mexico and Canada, rules of origin stipulate that products must meet minimum regional, or NAFTA-wide, content requirements to be tariff-free. The trade group represents Honda Motor Co, Nissan Motor Co Ltd, Hyundai Motor Co and other major foreign automakers in the United States. The president of the Mexican...

  • WASHINGTON, May 23- The Trump administration's plan to halve the nation's emergency oil stockpile would not harm the domestic oil sector and could be done without a severe impact on prices, the White House's budget director said on Tuesday.

  • WASHINGTON, May 23- The U.S. government plans to file a civil lawsuit on Tuesday accusing Fiat Chrysler Automobiles NV of using software to bypass emission controls in diesel vehicles, two sources briefed on the matter said. The U.S. Justice Department lawsuit, expected to be filed in Detroit, will say the Italian-American automaker placed undeclared "defeat...

  • CARACAS, May 23- Venezuela on Tuesday announced a new foreign exchange auction mechanism to complement its currency control system, the fifth such plan in four years by a socialist government that has repeatedly balked at reforming its state-led economic system. Economists say Venezuela needs to abandon its 14- year-old exchange controls rather than...

  • CARACAS, May 23- Venezuela on Tuesday announced a new foreign exchange auction mechanism to complement its currency control system, the fifth such plan in four years by a socialist government that has repeatedly balked at reforming its state-led economic system. Economists say Venezuela needs to abandon its 14- year-old exchange controls rather than...

  • CARACAS, May 23- Venezuela on Tuesday announced a new foreign exchange auction mechanism to complement its currency control system, the fifth such plan in four years by a socialist government that has repeatedly balked at reforming its state-led economic system. Economists say Venezuela needs to abandon its 14- year-old exchange controls rather than...

  • CARACAS, May 23- Venezuela on Tuesday announced a new foreign exchange auction mechanism to complement its currency control system, the fifth such plan in four years by a socialist government that has repeatedly balked at reforming its state-led economic system. Economists say Venezuela needs to abandon its 14- year-old exchange controls rather than...

  • FRANKFURT, May 23- Chinese telecoms giant Huawei plans a global expansion into computers, it said on Tuesday, posing a fresh challenge to established PC players in a market that has suffered two years of falling sales volumes and pressure on margins. At a news conference in Berlin, the Shenzhen- based company introduced its first line-up of three personal...

  • May 23- Two proxy advisory firms threw their weight behind Land and Buildings Investment Management LLC on Tuesday, supporting the real estate-focused hedge fund in its effort to obtain two seats on the board of Taubman Centers Inc. Taubman, based in Bloomfield, Michigan, is a $3.7 billion U.S. mall operator that also has an Asia subsidiary. Proxy adviser...

  • NEW YORK, May 23- U.S. Treasury yields rose modestly on Tuesday as some investors and dealers made room for $26 billion of two-year notes, the first part of this week's $88 billion in coupon-bearing government bond supply. "We are just chopping around sideway," said Blake Gwinn, U.S. rates strategist with NatWest Markets in Stamford, Connecticut.

  • The Department of Defense's budget proposal documents showed total defense spending for the 2018 fiscal year at $603 billion, a 10 percent or $52 billion increase over current congressional budget caps, but only about 3 percent higher than President Barack Obama's proposed 2018 fiscal year defense budget.

  • Take-Two's shares rose as much as 11 percent to a record high of $76.70 in early trading on Tuesday, reversing course from a 6 percent drop before the bell when the company issued its forecast and fourth-quarter results. Take-Two forecast adjusted revenue of $1.42 billion to $1.52 billion for the year ending March 31, 2018. The company's tentative outlook for...

  • The Pentagon would get a spending hike, and there would be a $1.6 billion down payment to begin building a wall along the border with Mexico, which was a central promise of Trump's presidential campaign. The biggest savings would come from cuts to the Medicaid healthcare program for the poor made as part of a Republican healthcare bill passed by the House of...

  • *Wall Street rises as Trump federal budget plan released. *Euro dips; sterling subdued after Manchester attack. NEW YORK, May 23- Shares climbed across the euro zone on Tuesday after data showed robust growth, and Wall Street ticked higher as a U.S. federal budget proposal called for slashing healthcare programs and boosting military spending.

  • TREASURY YIELDS RISE TO SESSION HIGHS IN ADVANCE OF 2- YEAR NOTE AUCTION, 10- YEAR YIELD AT 2.259 PCT.

  • JUSTICE DEPARTMENT TO FILE CIVIL SUIT AGAINST FIAT CHRYSLER IN FEDERAL COURT ON TUESDAY FOR VIOLATING CLEAN AIR ACT IN DIESEL EMISSIONS INVOLVING 104,000 VEHICLES-- SOURCES.

  • NEW YORK— New York's attorney general is announcing that 47 states and the District of Columbia have reached an $18.5 million settlement with Target Corp. to resolve the states' probe into the discounter's massive pre-Christmas data breach in 2013.. Attorney General Eric T. Schneiderman's office says the agreement announced Tuesday is the largest...

  • *Sterling recovers after dip on Manchester attack. "The noise around the political situation in the U.S. is keeping a lid on the dollar," said Brad Bechtel, managing director FX at Jefferies in New York. President Donald Trump's recent firing of FBI Director James Comey, who was overseeing a probe into possible links between the president's team and Russia, and...