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Wires

  • MOSCOW, May 29- The Russian central bank said on Monday that inflation expectations among households started rising again in May. The share of respondents in a poll who think that 2017 inflation will significantly exceed 4 percent rose to 59 percent in May, up from an all-time low of 55 percent seen in April, the central bank said. Higher inflation expectations...

  • MOSCOW, May 29- The Russian central bank said on Monday that inflation expectations among households started rising again in May. The share of respondents in a poll who think that 2017 inflation will significantly exceed 4 percent rose to 59 percent in May, up from an all-time low of 55 percent seen in April, the central bank said. Higher inflation expectations...

  • PARIS— The Latest on Russian President Vladimir Putin's visit to France:. Human rights activists are gathered in Paris to draw attention to the situation of gays in Chechnya before Russian President Vladimir Putin's visit to France. On a trip that will likely shape Russia- France ties for years to come, President Vladimir Putin is set to visit France for talks...

  • *Sterling recovers some ground with London on holiday. LONDON, May 29- Concerns over Italy's banks and Britain's national election campaign dominated holiday-thinned European financial markets on Monday, prodding stock markets lower after Asian share indices fell back off 2- year highs. Weekend reports that Italy's main parties could converge on a...

  • MUMBAI, May 29- Indian mobile carrier Reliance Communications Ltd saw its shares and bonds plunge on Monday after it posted a fiscal fourth-quarter loss and its first-ever full-year loss over the weekend, sparking renewed fear about its heavy debt load. Banking sources told Reuters that the company, backed by billionaire Anil Ambani and widely known as RCom, is...

  • *BOJ's capital adequacy ratio barely above 8 pct. TOKYO, May 29- The Bank of Japan saw interest payments on its huge government bond holdings decline for the first time in five years in the fiscal year that ended in March, a sign that its ultra-loose monetary policy was taking a toll on its financial health. "The BOJ is sacrificing its financial health to sustain its...

  • BERLIN, May 29- India is keen to attract more German companies to invest and improve bilateral relations, Indian Prime Minister Narendra Modi said ahead of a two-day visit to Europe's leading economic power that begins on Monday. Modi's arrival comes a day after German Chancellor Angela Merkel shocked many in Washington and London by saying Europe must take...

  • *OPEC and non- OPEC states agreed to extend cuts to March. LONDON, May 29- Oil prices slipped on Monday as further increases in U.S. drilling activity undercut an OPEC- led push to tighten supply. Trading was subdued due to public holidays in China, the United States and Britain, but concerns lingered over whether OPEC action would be enough to stem the tide of...

  • *Bucharest stock index reaches highest level since Jan 2008. BUDAPEST/ BUCHAREST, May 29- Bucharest stocks touched a new nine-year high on Monday, buoyed by healthy first-quarter company earnings, despite concerns that wage hikes and tax cuts will exacerbate Romania's budget deficit. The debate about the bill, "its implementation, timing and the budget impact,...

  • *Sri Lanka sees worst disaster from torrential rains since 2003. DHAKA/ AGALAWATTE, Sri Lanka/ May 29- An intensifying cyclone churned north towards Bangladesh on Monday after heavy rain in Sri Lanka and thunderstorms in eastern India killed almost 200 people, with more torrential downpours forecast. Floods and landslides in tropical Sri Lanka, off India's...

  • *Europe and China seen leading, U.S. underperforming. PARIS, May 29- Global sales of personal luxury goods will grow by a stronger- than-expected 2-4 percent at constant exchange rates in 2017, as higher spending in Europe and China outpace weakness in the United States and southeast Asia, a report showed on Monday. The luxury goods sector has suffered in the past...

  • *Adding capacity to existing Xi'an 3 D NAND facility an option. SEOUL, May 29- Tech giant Samsung Electronics Co Ltd said on Monday it is considering adding NAND memory chip production capacity at its manufacturing base in China amid an industry-wide boom that will likely fuel record sales for memory suppliers. Samsung, the world's biggest memory chip maker by...

  • LONDON— Travelers on British Airways and its sister airlines in Spain faced a third day of delays and cancellations Monday, mainly on short-haul flights in Europe, after the company suffered a colossal IT failure over the weekend. BA chief executive Alex Cruz said late Sunday that the airline was running a "near-full operation" at London's Gatwick Airport and...

  • DUBAI, May 29- Saudi Arabian lender Alawwal Bank, 40 percent owned by Royal Bank of Scotland, has picked JPMorgan to advise it on a proposed merger with Saudi British Bank, sources familiar with the matter told Reuters on Monday. Senior management of SABB and Alawwal held talks with advisers on Sunday to discuss the principle of the merger and timeframe for its...

  • *Sri Lanka sees worst disaster from torrential rains since 2003. AGALAWATTE, Sri Lanka, May 29- A cyclone grew in strength as it churned north towards Bangladesh on Monday after heavy rain in rural Sri Lanka and thunderstorms in eastern India killed almost 200 people, with more torrential downpours forecast. Floods and landslides in tropical Sri Lanka, off...

  • SAUDI'S ALAWWAL BANK PICKS JPMORGAN TO ADVISE ON MERGER - SOURCES.

  • LONDON, May 29- Lower-rated southern European government bond prices fell on Monday after German Chancellor Angela Merkel warned of worsening relations between Europe and some of its allies, in particular the United States and Britain. Merkel said on Sunday that Europe could no longer completely rely on some nations, pointing to bruising meetings of the G7...

  • *Tea prices climb after dry weather in top producers India, Kenya. MUMBAI, May 29- The price of tea is likely to climb further this year after dry weather slashed production of the commodity in key suppliers India and Kenya, while recent deadly flooding could disrupt shipments from Sri Lanka, another key exporter. Output in top tea shipper Kenya dropped by over a...

  • HONG KONG, May 29- Hong Kong stocks edged up on Monday, on which China markets were closed, with mainland property shares aiding the rise on anticipation of strong home demand in smaller Chinese cities. China Evergrande Group Ltd led the surge in mainland property stocks after Morgan Stanley initiated coverage on the developer with "overweight".

  • *Spot gold may climb to $1,276 per ounce- technicals. On Friday, it climbed 0.9 percent to touch its strongest since May 1 at $1,269.50. Spot gold may climb to $1,276 per ounce, as it has broken above a resistance at $1,264, said Reuters technical analyst Wang Tao.