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Wires

  • *Euro undermined by signs of early elections in Italy. LONDON, May 30- Political worries over Greece, Italy and Britain had European currencies on the retreat against the dollar on Tuesday, with a bleaker mood on stock markets also pushing the yen higher. "We always knew Italy was going to come back into the market's sights, but I think people thought we would have a...

  • *ECB to drop reference to "downside risks". FRANKFURT, May 30- European Central Bank policymakers are set to take a more benign view of the economy when they meet on June 8 and will even discuss dropping some of their pledges to ramp up stimulus if needed, four sources with direct knowledge of the discussions told Reuters. "After the French election the political risk...

  • ECB LIKELY TO DISCUSS REMOVING EASING BIAS AT JUNE MEETING BUT DECISION FAR FROM CERTAIN- SOURCES.

  • ECB POLICYMAKERS SET TO UPGRADE ECONOMIC RISK ASSESSMENT AT JUNE 8 MEETING- SOURCES.

  • YEHUD, Israel _ Magal Security Systems Ltd. on Tuesday reported a loss of $3.7 million in its first quarter. On a per-share basis, the Yehud, Israel- based company said it had a loss of 16 cents. Keywords: Magal Security, Earnings Report.

  • ZURICH, May 30- Switzerland could eventually be in the market for as many as 70 new fighter jets or as few as 20 under scenarios laid out on Tuesday by a defense ministry task force examining how to replace the neutral country's aging air force fleet. The most expensive and powerful option would be to buy 55-70 aircraft and ground-based air defense weapons for an...

  • *BA now running full schedule at Heathrow and Gatwick. The British flag carrier had to cancel all flights from London's Heathrow, Europe's busiest airport, and Gatwick on Saturday after a power surge knocked out its computer system, disrupting flight operations, call centres and its website. Problems continued over the long weekend, and although BA said it...

  • May 30- U.S. stock index futures were little changed on Tuesday, after the three-day holiday weekend, as investors awaited economic data for clues regarding the health of the economy. The data, released by the Commerce Department, is due at 8:30 a.m. ET. *The U.S. Conference Board is likely to report that its consumer confidence index was little changed in May.

  • May 26- Bombardier Inc said on Friday it delivered its first CS300 aircraft to customer Swiss International Air Lines AG, marking a significant milestone for the Canadian planemaker's CSeries passenger jet family. Swiss International is expected to take delivery of 30 CS300 and CS100 aircraft. Bombardier has so far delivered 12 CSeries aircraft, nine of...

  • Scotiabank, which has the biggest foreign presence of any Canadian bank, is focusing its international strategy on the Pacific Alliance, a Latin American trade bloc comprising Mexico, Peru, Chile and Colombia. "Our operations in the Pacific Alliance region had a particularly strong performance in the quarter," Chief Executive Brian Porter said.

  • TORONTO _ Bank of Nova Scotia on Tuesday reported fiscal second-quarter earnings of $1.5 billion. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.15 per share. Bank of Nova Scotia shares have risen slightly more than 1 percent since the beginning of the year.

  • ATHENS, May 30- Greece on Tuesday denied a German newspaper report it could opt out of receiving bailout loans needed to make a July debt repayment if its lenders fail to offer clear debt relief terms to the crisis-hit country despite it having passed more reforms. Tuesday's report in Germany's mass-selling Bild that Athens could opt to go without 7 billion...

  • LONDON, May 30- New global solar capacity will continue to grow this year, after lower costs drove it to record levels in 2016, and could surpass 80 gigawatts, Europe's solar industry forecast on Tuesday. "There is a good chance that the market could even pass the 80 GW mark in 2017," James Watson, chief executive of SolarPower Europe, said in the report, which concluded...

  • LONDON, May 30- The price of copper fell on Tuesday in quiet trade as the market waited for top metals consumer China to return from a public holiday and data on Wednesday that is expected to show a slowdown in Chinese industrial growth. LME COPPER: Copper on the London Metal Exchange was down 0.4 percent at $5,633 a tonne at 1031 GMT, as trade resumed following public...

  • FRANKFURT/ KARLSRUHE, May 30- A German academic is seeking an urgent court injunction to exempt the Bundesbank from buying billions of euros worth of bonds under the European Central Bank's stimulus program, arguing the risks for taxpayers have become "unbearable." German discontent at the ECB's 2.3 trillion euros bond-buying scheme, seen by some in Europe's...

  • WINCHESTER, Va. _ American Woodmark Corp. on Tuesday reported fiscal fourth-quarter profit of $17.3 million. The Winchester, Virginia- based company said it had profit of $1.06 per share. American Woodmark shares have climbed 18 percent since the beginning of the year.

  • TBILISI, May 30- Georgia's economy expanded 4.2 percent in the first four months of this year, official data showed on Tuesday, up from 2.8 percent in the same period in 2016 after a rise in exports and remittances from abroad. The former Soviet republic, through which pipelines carry Caspian oil and gas to Europe, is recovering from a fall in exports and plunge in the...

  • The region's banks also came under pressure as Deutsche Bank cut the sector to' underweight', while sterling rebounded having been knocked recently by signs that next week's UK election is set to be closer than originally expected. Low inflation readings out of Spain and Germany, as well as European Central Bank chief Mario Draghi's commitment to continued...

  • ATHENS, May 30- Greece on Tuesday denied a German newspaper report it could opt out of receiving bailout loans needed to make a July debt repayment if its lenders fail to offer clear debt relief terms to the crisis-hit country despite it having passed more reforms. Tuesday's report in Germany's mass-selling Bild that Athens could opt to go without 7 billion...

  • *Political uncertainty in Europe stokes safe-haven buying. LONDON, May 30- Gold steadied after setting a one-month high on Monday as rising political uncertainty in Europe stoked safe haven demand. Investors were concerned about next week's election in Britain, as well as the prospect of early elections in Italy and worries over Greek debt, which analysts said...