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Wires

  • CARACAS, May 29- The president of Venezuela's opposition-run Congress on Monday accused Wall Street investment bank Goldman Sachs of "aiding and abetting the country's dictatorial regime" following a report that it had bought $2.8 billion in bonds from the cash-strapped country. Venezuela's Information Ministry, which fields queries on behalf of the...

  • BUENOS AIRES, May 29- A strike by one of the labor unions at Barrick Gold Corp's Veladero mine in Argentina, the site of three cyanide solution spills in 18 months, has ended, the company said on Monday. The government of Argentina's San Juan province, where Veladero is located, said earlier this month that it had approved a plan for improving safety following the...

  • BRUSSELS, May 29- Gazprom and the European Commission need further talks to assess the Russian gas giant's compliance with EU competition law, they said after a meeting on Monday in Brussels. Gazprom's deputy chief executive, Alexander Medvedev, met EU antitrust chief Margrethe Vestager to discuss concessions aimed at ending a six-year-long investigation...

  • WINNIPEG/ MONTREAL, May 29- Canadian rail shippers are urging Ottawa to intervene in a looming strike at Canadian National Railway Co, the country's largest railroad, fearing that a shut-down would immediately damage business. Freight Management Association of Canada wrote to Labour Minister Patty Hajdu on Sunday asking her to impose binding arbitration to...

  • CARACAS, May 29- The president of Venezuela's opposition-run Congress on Monday accused Wall Street investment bank Goldman Sachs of "aiding and abetting the country's dictatorial regime" following a report that it had bought $2.8 billion in bonds from the cash-strapped country. Goldman and Venezuela's Information Ministry, which fields queries on behalf...

  • May 29- Oil prices rose slightly on Monday, barely paring last week's steep losses with the market remaining cautious as increases in U.S. drilling activity have undercut an OPEC- led push to tighten supply. The market remains uncertain about whether the extension of output cuts by OPEC and other producing countries will be enough to support prices.

  • *MS-21 first jetliner using composite wings without autoclaves. PARIS, May 29- Russia's new jetliner, which conducted its maiden flight on Sunday, may have a hard time challenging the sales duopoly of Boeing and Airbus, but it does point the way to radical changes in how they could be building jets in the future. The MS-21, a new single aisle airliner produced by...

  • MILAN, May 29- Monte dei Paschi di Siena said on Monday it was in exclusive talks with a domestic fund and a group of investors over the sale of its bad loan portfolio, which it needs to offload before it can be taken over by the state. Italy's fourth biggest bank had 26 billion euros in gross defaulting debts at the end of last year and has set a June 28 deadline for the...

  • SANTO DOMINGO, May 29- Nearly a dozen officials and businessman in the Dominican Republic were arrested early Monday in relation to $92 million in bribes paid by the Brazilian construction company Odebrecht to obtain public works contracts. In a press conference at the Justice Ministry, Attorney General Jean A. Rodriguez announced the names of the 14 people,...

  • ATHENS, May 29- Greece's creditors need to reach a deal on debt relief measures at the next meeting of euro zone finance ministers in June to help the country return to bond markets, its finance minister said on Monday. Greece adopted the package to try to coax the IMF into participating in its 86- billion-euro bailout and to qualify for debt relief.

  • BRUSSELS, May 29- Burger King is in trouble with Belgium's monarchy over an advertising campaign asking Belgians to vote online to "crown" the global fast-food giant the true ruler of the country where the U.S. brand will launch next month. Representatives of Belgium's King Philippe on Monday asked the local unit of Burger King, owned by Restaurant Brands...

  • BRUSSELS, May 29- Burger King is in trouble with Belgium's monarchy over an advertising campaign asking Belgians to vote online to "crown" the global fast-food giant the true ruler of the country where the U.S. brand will launch next month. Representatives of Belgium's King Philippe on Monday asked the local unit of Burger King, owned by Restaurant Brands...

  • BRUSSELS, May 29- Burger King is in trouble with Belgium's monarchy over an advertising campaign asking Belgians to vote online to "crown" the global fast-food giant the true ruler of the country where the U.S. brand will launch next month. Representatives of Belgium's King Philippe on Monday asked the local unit of Burger King, owned by Restaurant Brands...

  • BRUSSELS, May 29- Burger King is in trouble with Belgium's monarchy over an advertising campaign asking Belgians to vote online to "crown" the global fast-food giant the true ruler of the country where the U.S. brand will launch next month. Representatives of Belgium's King Philippe on Monday asked the local unit of Burger King, owned by Restaurant Brands...

  • May 29- Canada's Husky Energy Inc said on Monday it is proceeding with its long-delayed C $2.2 billion West White Rose project off the Atlantic coast, even as the energy downturn makes the high-cost project less attractive. The company, which is controlled by Hong Kong billionaire Li Ka- shing, also said that a new oil discovery has been made at the Northwest White...

  • May 29- Even in the age of superstar firms, the logic of index investing holds. New research details how a small number of companies- think Google, Amazon and Apple- have come to dominate their sectors, capturing a growing share of revenues and helping to create an economy featuring high corporate profits but a lower share of the pie for workers.

  • QUITO, May 29- Ecuador's new leftist president, Lenin Moreno, said on Monday he would seek to refinance the Andean country's "expensive" foreign debt in a bid to ease pressure on its economy. OPEC's smallest member has steep public debt due to short-term bonds and loans from key ally China, Ecuador's top financier, largely accrued under ex-president Rafael Correa.

  • AMSTERDAM— An Amsterdam court has rejected a request by a group of AkzoNobel shareholders to order an extraordinary meeting of shareholders to discuss dismissing the paint and coatings company's supervisory board chairman. Monday's ruling by the Commercial Court in Amsterdam came amid unrest by some AkzoNobel shareholders at the company's decision to...

  • FRANKFURT, May 29- The European Central Bank's utra-loose monetary policy is "still appropriate in principle" but it is legitimate to discuss the timing of an exit as inflation recovers, Jens Weidmann, Germany's representative on the ECB's Governing Council, said on Monday. "Given the dampened price pressure, an expansive monetary policy is still appropriate in...

  • WINNIPEG/ MONTREAL, May 29- Canadian rail shippers are urging Ottawa to intervene in a looming strike at Canadian National Railway Co, the country's largest railroad, fearing that a shut-down would immediately damage their businesses. Freight Management Association of Canada, which represents agriculture, mining, forest products and other sectors, wrote to...