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Wires

  • *Global shares mostly recover after China downgrade. NEW YORK, May 24- World stock markets recovered on Wednesday from initial losses after Moody's first credit downgrade of China in 30 years, with investors turning their attention to U.S. Asia stocks and emerging markets initially skidded after Moody's Investors Service's downgraded China, cutting its...

  • MOSCOW/ HAMBURG, May 24- Russia is negotiating with Turkey in an effort to resolve a stop-start agriculture trade dispute between the countries, the Kremlin said on Wednesday as it emerged that Ankara has imposed restrictions on imports of Russian wheat. Turkish officials contacted by Reuters could not immediately comment and Russia's Agriculture Ministry...

  • U.S HOMELAND SECURITY SAYS THERE IS "NOTHING IMMINENT" THAT WOULD REQUIRE IMMEDIATE DECISION ON EXPANDING LAPTOP BAN-- SPOKESMAN.

  • HOMELAND SECURITY SPOKESMAN SAYS THERE IS "NO SPECIFIC TIMELINE" FOR MAKING DECISION ON EXPANDING LAPTOP BAN.

  • Speaking to Reuters in an interview, Mario Centeno said he was confident about Portugal's improving economic outlook after years in the doldrums during the euro zone debt crisis, when the country was forced to seek a bailout. "The fact is that we are converging with the European Union, we are finally converging." Portugal has been one of Europe's slowest-growing...

  • WASHINGTON— A senior Education Department official in charge of managing federal student aid has resigned ahead of a House hearing. James Runcie submitted his resignation late Tuesday. Jason Chaffetz, chairman of the House Oversight and Government Reform Committee, says it was disappointing that "Runcie would rather resign than testify."

  • CHICAGO— Suddenly jobless and with small children to support, Jose Victor Camargo without hesitation cashed out a retirement account he had with his former employer. An Associated Press-NORC Center for Public Affairs Research poll found that older Latinos are more likely than older whites or older blacks to say they've had to withdraw or borrow money from a...

  • President Donald Trump have ties to Russia. The congressional inquiry also seeks information about a Russian "mirror trading" scheme that allowed $10 billion to flow out of Russia. Congress remains in the dark on whether loans Deutsche Bank made to President Trump were guaranteed by the Russian government, or were in any way connected to Russia, "the Democrats...

  • May 24- U.S. crude oil inventories fell for the seventh straight week as refiners processed a near record amount of crude last week, the Energy Information Administration said on Wednesday, even as gasoline and distillate stockpiles also dipped. At 516.3 million barrels, U.S. crude inventories were the smallest since mid-February, a sign that OPEC's efforts to...

  • Federal prosecutors on Wednesday unsealed an indictment in Manhattan federal court against political consultant David Blaszczak, founder of Precipio Health Strategies; former U.S. Department of Health and Human Services employee Christopher Worrall; and Rob Olan and Ted Huber, listed as employees on the website of healthcare hedge fund Deerfield...

  • *Germany auctions 10- year bonds. LONDON, May 24- The cautious tone of euro zone central bankers in the wake of some of the best economic data in years sent mixed signals to investors in the bloc's debt markets on Wednesday. Government bond yields across the region have been pegged near record lows in recent years as the European Central Bank has spent trillions of...

  • NEW YORK— Fox News Channel has asked a federal court to throw out a lawsuit by former anchor Andrea Tantaros, saying her claims that "sock puppet" Twitter accounts were set up to harass her were false. Fox said in court papers filed Wednesday that a Twitter feed allegedly set up under a false identity is instead operated by a retired man from Gainesville, Florida.

  • *Fed minutes scheduled to be released at 2 p.m. ET. Investors are also awaiting more details regarding the Fed trimming its $4.5 trillion balance sheet, when the central bank releases the minutes at 2 p.m. ET. "The real take from the Fed is that a June rate hike still seems to pretty much baked in the cake but I'm going to be looking at guidance as how they expect to start...

  • TIRANA, Albania— Albania's competition authority has started a preliminary investigation against three mobile operators for allegedly fixing the tariff for the pre-paid cellular phone packages. A decision made available Wednesday said the three unnamed providers had changed their tariffs for pre-paid users by means of "a prohibited agreement."

  • NEW YORK, May 24- Anthem Inc on Wednesday said its plans for selling 2018 Obamacare individual plans are still up in the air because of political and regulatory uncertainty, making it the latest health insurer to say questions about continued funding of government subsidies will affect consumers next year. Anthem, the biggest provider of individual health...

  • *Loonie touches its strongest since April 24 at C $1.3430. TORONTO, May 24- Canada's dollar strengthened to a one-month high against its U.S. counterpart on Wednesday after the Bank of Canada was more upbeat about the economy than some investors expected and as major oil producers looked set to possibly extend production cuts. "It's probably a bit more positive...

  • LISBON, May 24- Portugal's finance minister is confident that the country's planned sale of Novo Banco to U.S. private equity firm Lone Star will go ahead as planned, the minister said on Wednesday. The sale of Novo Banco has been challenged in court by some bond investors, raising concerns among some analysts that legal disputes could derail the sale after a...

  • OTTAWA, May 24- The Bank of Canada held interest rates steady on Wednesday, as expected, saying that while economic growth was likely to moderate in the second quarter, government measures to rein in the housing market have not yet had a substantial effect. They used to talk about material excess capacity and now they just talk about excess capacity, "said Doug...

  • President Donald Trump have ties to Russia. The congressional inquiry also seeks information about a Russian "mirror trading" scheme that allowed $10 billion to flow out of Russia. Congress remains in the dark on whether loans Deutsche Bank made to President Trump were guaranteed by the Russian government, or were in any way connected to Russia, "the Democrats...

  • *Hungarian central bank IRS announcement lifts bond prices. *Bucharest stocks hit highest level since early 2008. BUDAPEST/ PRAGUE, May 24- Hungarian government bonds strengthened on Wednesday after the central bank said that it would offer interest rate swaps which could make bond buying more attractive to commercial banks.