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Wires

  • *New rules to come into force in January 2018. LONDON, May 26- New rules on pricing investment research are shaking up the European fixed income, currency and commodity industry, with many funds planning to scale back or ditch a service that banks use to drum up business. Their reactions supported the results of a poll of 270 fixed-income investors at a capital...

  • HANOI, May 30- Vietnamese online gaming and messaging firm VNG Corp said on Tuesday it has signed a preliminary agreement with U.S. bourse operator Nasdaq Inc to explore an IPO, in what could be the first overseas listing by a firm of the Southeast Asian nation. The agreement, which could see Nasdaq help VNG prepare for the listing, was signed on the sidelines of...

  • PARIS, May 30- Elior, Europe's third-largest catering group, reported higher first-half revenue and core profits, helped by growth overseas, and kept its full-year financial targets for an increase in sales and earnings. Earnings before interest, tax, depreciation and amortisation rose 17.9 percent to 255 million euros, giving a margin of 7.9 percent of revenue.

  • WASHINGTON, May 29- The Trump administration is nearing completion of a policy review to determine how far it goes in rolling back former President Barack Obamas engagement with Cuba and could make an announcement next month, according to current and former U.S. officials and people familiar with the discussions. The White House said in February that Cuba...

  • Charlie Baker and Mayor Martin J. Walsh have announced a tuition-free college program. The program, called The Boston Bridge, will be open to all 2017 high school graduates who live in the city. To qualify for the tuition-free program, eligible students must meet federal Pell grant income standards and enroll full time at Bunker Hill Community College, Roxbury...

  • *Political uncertainty in Europe stokes safe-haven buying. Risk surrounding the closeness of Britain's upcoming elections, the prospect of early elections in Italy and worries over Greek debt were supporting gold, said Jeffrey Halley, a senior market analyst at OANDA. British Prime Minister Theresa May's lead over the opposition Labour Party dropped to 6...

  • OCEAN CITY, N.J.— Marty Mozzo gets a gorgeous show each night when the sun sets over wetlands near his property on the bay side of a barrier island. Theirs is one of several neighborhoods in Ocean City, New Jersey, where residents have adopted unofficial flood etiquette: Don't drive too fast through flooded streets or you'll create wakes that slam into houses,...

  • PROVIDENCE, R.I.— A plan to cut Rhode Island's unpopular car taxes is being introduced in the state legislature. Democratic House Speaker Nicholas Mattiello is scheduled to introduce the bill Tuesday. Gina Raimondo has proposed a more modest cut.

  • *U.S. summer driving season kicks off with Memorial Day. SINGAPORE, May 30- A run by U.S. oil prices towards $50 a barrel ran out of steam on Tuesday as persistent concerns of oversupply outweighed signs of a strong start to the American summer driving season. West Texas Intermediate crude futures climbed above $50 per barrel in early trading on Tuesday, but dipped...

  • *MAS says imposed total fines of S $29.1 million on eight banks. SINGAPORE, May 30- Singapore's central bank said on Tuesday it had fined Credit Suisse and United Overseas Bank a total of S $1.6 million for breaches of anti-money laundering rules for transactions related to Malaysia's scandal-ridden state fund 1 MDB. The Monetary Authority of Singapore fined...

  • *Asia ex- Japan, Nikkei slide after US, UK holidays. SINGAPORE, May 30- Concerns about a Greek bailout, early Italian elections and comments by the European Central Bank chief about the need for continued stimulus all kept the euro under pressure on Tuesday. "The bailout payments are necessary to meet existing debt repayments due in July, so if Greece were to forgo this...

  • *Soybeans fall to weakest since April 2016, down for 3rd day. SINGAPORE, May 30- Chicago soybean futures lost more ground on Tuesday with the market dropping to a more than 13- month low as record supplies from South America added pressure. The most-active soybean contract on the Chicago Board Of Trade fell 0.3 percent to $9.23-3/ 4 a bushel by 0209 GMT, near the...

  • MELBOURNE, May 30- London copper drifted on Tuesday after a long weekend, as markets awaited top consumer China to resume trading later this week when its factory data is also due for the next directional cues. *Euro zone growth may be improving but inflation remains subdued and still requires substantial stimulus, European Central Bank President Mario Draghi...

  • TOKYO, May 30- Japan's Nikkei share average slipped on Tuesday, with the equity market feeling downward pressure from a stronger yen, which hurts big manufacturers' export revenues. The yen advanced to a 12- day high, as investors sought safe havens due to fresh political uncertainty in Europe, where remarks by former Italian prime minister Matteo Renzi raised...

  • SAO PAULO, May 29- President Michel Temer urged Brazil's top electoral court to decide quickly on a case alleging illegal funding of his 2014 campaign in order to lift political uncertainty overshadowing a recovery in Latin America's largest economy. Helped by bumper soy and corn harvests, Brazil's economy eked out growth in the first quarter following its...

  • TOKYO, May 30- Japan's Nikkei share average slipped on Tuesday, with the equity market feeling downward pressure from a stronger yen, which hurts big manufacturers export revenues. The yen advanced to a 12- day high, as investors sought safe havens due to fresh political uncertainty in Europe, where remarks by former Italian prime minister Matteo Renzi raised...

  • May 30- The following table shows rates for Asian currencies against the dollar at 0138 GMT. Currency Latest bid Previous day Pct Move Japan yen 110.810 111.24 +0.39 Sing dlr 1.387 1.3861- 0.04 Korean won 1123.100 1121.7- 0.12 Baht 34.130 34.123- 0.02 Peso 49.880 49.82- 0.12 Rupiah 13330.000 13320- 0.08 Rupee 64.485 64.49 0.00 Ringgit 4.281 4.2705 -0.25.

  • SYDNEY, May 30- U.S. soybeans fell on Tuesday to hit a fresh 13- month low as aggressive selling of record South American production pushed the oilseed towards a third consecutive daily loss. *The most active soybean futures on the Chicago Board Of Trade fell 0.3 percent to $9.24 a bushel by 0127 GMT, near the session low of $9.23 3/ 4 a bushel- the lowest since April 2016.

  • *Labour demand at highest since February 1974. TOKYO, May 30- Labour demand in Japan rose to its strongest in more than 40 years while the unemployment rate held steady at a two-decade low in April, offering hope that a tight labor market will eventually spark a turnaround in weak consumer spending. "Consumer spending looks weak now, but the labor market continues to...

  • *Labour demand at highest since February 1974. TOKYO, May 30- Labour demand in Japan rose to its strongest in more than 40 years while the unemployment rate held steady at a two-decade low in April, offering hope that a tight labour market will eventually spark a turnaround in weak consumer spending. "Consumer spending looks weak now, but the labour market continues...