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  • MUNICH, May 26- German industrial gases group Linde's supervisory board is due to vote on a merger agreement with U.S. peer Praxair on June 1, two people close to the matter told Reuters on Friday. The all-share merger of equals, intended to create a market leader that will overtake France's Air Liquide, had fallen behind schedule because of the complexity of talks...

  • HONG KONG, May 26- Thousands of people flocked to snap up flats in Hong Kong on Friday, lured by favorable financing terms offered by the city's No. 2 developer even as authorities fret over sky-high prices that a series of cooling measures has failed to dampen. Potential buyers, clutching documents and flanked by agents, queued early for a chance to buy one of the 496...

  • HONG KONG, May 26- Thousands of people flocked to snap up flats in Hong Kong on Friday, lured by favourable financing terms offered by the city's No. 2 developer even as authorities fret over sky-high prices that a series of cooling measures has failed to dampen. Potential buyers, clutching documents and flanked by agents, queued early for a chance to buy one of the...

  • NANJING, China _ Tuniu Corp. on Friday reported a loss of $41.9 million in its first quarter. For the current quarter ending in July, Tuniu said it expects revenue in the range of $64.3 million to $66.5 million. Tuniu shares have fallen almost 7 percent since the beginning of the year.

  • The typical big-company CEO raked in $11.5 million last year in salary, stock and other compensation, according to a study by executive data firm Equilar for The Associated Press. That's an 8.5 percent raise from a year earlier, the biggest in three years. The top-paid CEO last year was Thomas Rutledge of Charter Communications, at $98 million.

  • LONDON, May 26- Gold hit its highest in nearly four weeks on Friday in response to a weaker dollar and political uncertainty that led investors to shun riskier assets in favor of bullion. Equities are also down, "analyst Carsten Menke at Julius Baer in Zurich said. Leaders of the world's rich nations face difficult talks with Donald Trump at a G7 summit in Sicily on...

  • SHANGHAI, May 26- April Zhang, a 21- year-old student from Shanghai, reflects the fast-shifting attitudes of China's younger generations towards sex. In China's big cities, condoms are now available in plain view: convenience stores on urban high streets often have condoms on display by the till, while brands like Durex have millions of followers on their China...

  • COLUMBUS, Ohio _ Big Lots Inc. on Friday reported fiscal first-quarter net income of $51.5 million. Big Lots expects full-year earnings to be $4.05 to $4.20 per share. Big Lots shares have fallen almost 4 percent since the beginning of the year.

  • LONDON, May 26- Investors shunned U.S. equities and high yield bonds in the latest week in favour of European stocks and investment grade corporate bonds, fund flow data from Bank of America Merrill Lynch showed on Friday. The $3.3 billion redemption from U.S. equity funds followed almost $9 billion of outflows the previous week, as political turmoil in...

  • TAORMINA, Italy, May 26- Talks between U.S. President Donald Trump and other leaders of the world's rich nations at the G7 summit on Friday were expected to be "robust" and "challenging" after he had lambasted NATO allies and condemned German trade policies a day earlier. Later, the leaders of Britain, Canada, France, Germany, Italy, Japan and the United States will hold...

  • LONDON, May 26- Ministers from OPEC and non- OPEC oil-exporting countries agreed on Thursday to extend existing production cuts for a further nine months to the end of March 2018. The price decline was fairly predictable once OPEC decided to roll over existing production cuts rather than deepen them. OPEC and non- OPEC ministers signaled repeatedly that a...

  • SHANGHAI, May 26- China is changing how it calculates the yuan's guidance rate for the second time this year as it steps up efforts to stabilise the currency and reduce price swings, but some analysts and traders say they are not certain how the process will work. The People's Bank of China's current formula factors in the yuan settlement rate against the U.S....

  • *STOXX 600 down 0.5 pct, FTSE hits fresh record. *Energy stocks down after OPEC disappointment. The pan-European STOXX 600 index fell 0.5 percent and euro zone blue chips fell 0.7 percent by 0922 GMT, while in London both the main FTSE 100 benchmark and mid caps nudged higher to hit fresh record highs.

  • *Bitcoin trading at a big premium in Japan, South Korea. HONG KONG, May 26- Japanese and South Korean buying helped drive the price of bitcoin to an all-time high this week, with the digital currency more than doubling its value since the start of the year, analysts and market practitioners said on Friday. In Japan and South Korea, among the largest markets for bitcoin...

  • *U.S., UK and Chinese traders all absent on Monday. LONDON, May 26- Copper edged back from the previous session's three-week high on Friday as concerns eased over a strike at one of the world's biggest copper mines, Indonesia's Grasberg, though moves were muted ahead of the long weekend break. Dutch bank ING said in a note that Freeport has around 100,000 tonnes of...

  • MUNICH, May 26- German industrial gases group Linde's supervisory board is due to meet on Thursday to vote on a merger agreement with U.S. peer Praxair, two people familiar with the matter told Reuters on Friday. One of the people said there were still some unanswered questions regarding the deal, without providing details. The two companies said on Wednesday they...

  • ATHENS, May 26- Former Greek prime minister Lucas Papademos was recovering well from injuries caused by a booby-trapped package exploding in his car on Thursday, with doctors saying he would stay in hospital for two more days. He was being treated for superficial wounds to his abdomen and a deeper injury to his right leg from the blast, the worst act of violence...

  • TAORMINA, Sicily— The Latest on the G-7 summit in Taormina, Sicily:. The two leaders also found common ground on terrorism, following the attack on a pop concert in Manchester that killed 22 people. Italian Premier Paolo Gentiloni, the host of this year's G-7 summit in Taormina, Sicily, spoke Friday as the two-day summit of the world's wealthy democracies began.

  • *Finland and Russia agree to increase overflights. HELSINKI, May 26- Finnair has been allowed to increase its flights from Helsinki to Asian destinations over Siberia according to a new deal between Russia and Finland, the ministry of transport and communications said on Friday. Finnair, majority-owned by the state, depends on attracting traffic flows between...

  • LISBON, Portugal— A 24- hour strike by Portuguese government workers over pay and working hours is disrupting public services, especially in the national health service and the state education system. The National Federation of Government Workers' Unions, which represents more than 300,000 civil servants, called Friday's walkout to demand wage increases,...