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  • TORONTO, May 29- Canada's main stock index was barely higher in morning trade on Monday, helped by boosts for several big banks that reported earnings last week and by a gain for plane and train maker Bombardier Inc.. Wheaton Precious Metals Corp fell 1.3 percent to C $27.75 and Goldcorp Inc lost 0.8 percent to C $18.32. BMO Capital upgraded the stock to outperform...

  • *Over 800 flights cancelled after IT outage at weekend. LONDON/ BERLIN, May 29- British Airways must turn its attention to repairing its brand after a weekend of chaos and criticism caused by a major IT outage that grounded flights from London's two main airports. The meltdown at the start of a school holiday week in Britain unleashed a wave of criticism for BA, which...

  • BUENOS AIRES, May 29- One of several labor unions at Barrick Gold Corp's Veladero mine in Argentina have gone on strike, the company said in a statement on Monday, adding that it is meeting with union leaders to reach a "timely" resolution to the situation. The government of Argentina's San Juan province, where Veladero is located, said earlier this month that it had...

  • LONDON, May 29- Italian government bond yields shot up on Monday as investors fretted over the possibility of parliamentary elections being held as early as this autumn after comments from former Prime Minister Matteo Renzi. Renzi said on Sunday that it makes sense "from a European perspective" for Italy's next election be held at the same time as Germany's,...

  • BERLIN, May 29- British Airways said a power surge that collapsed its IT systems, leading to travel chaos for thousands of passengers over the weekend, was so strong that it also knocked out its back-up systems, making them ineffective. "Once the disruption is over, we will carry out an exhaustive investigation into what caused this incident, and take measures to...

  • NEW DELHI, May 29- India's economy could achieve double-digit growth if New Delhi pushes reforms to increase women's participation in the country's workforce, a World Bank report said on Monday. Underscoring the gravity of the situation, the World Bank said nearly two-thirds of Indian women with college degrees are without jobs. The unemployment rate for...

  • NEW DELHI, May 29- India's economy could achieve double-digit growth if New Delhi pushes reforms to increase women's participation in the country's workforce, a World Bank report said on Monday. Underscoring the gravity of the situation, the World Bank said nearly two-thirds of Indian women with college degrees are without jobs. The unemployment rate for...

  • BRUSSELS— The head of the European Central Bank says while the economy of the 19- nation eurozone is improving, it still needs substantial stimulus. At a parliamentary hearing Monday in Brussels, Mario Draghi said "the economic upswing is becoming increasingly solid and continues to broaden across sectors and countries." The ECB is pumping 60 billion euros a...

  • *Sterling recovers some ground with London on holiday. LONDON, May 29- Concern over Italy's banks and Britain's national election dominated holiday-thinned European financial markets on Monday, from back off two-year highs. Weekend reports that Italy's main parties could converge on a proportional electoral law pointed to growing chances of an early...

  • *Low-priced stocks the focus in Dubai. DUBAI, May 29- Gulf stock markets were mixed on Monday with Saudi Arabia and Dubai rebounding modestly from losses which they suffered on Sunday due to disappointment that last week's meeting of global oil producers did not take stronger action to boost prices. The Dubai index added 0.7 percent.

  • NEW YORK— After a stint of frugality, Americans have returned to their borrowing ways. U.S. consumers now owe roughly $12.73 trillion to banks and other lenders for mortgages, car loans and credit card spending, according to the New York Federal Reserve. "Some of us are worried that consumers are going back into old habits, but the U.S. consumer is in a much different...

  • May 29- Barrick Gold Corp said on Monday that workers represented by one of the labor unions at its Veladero mine in Argentina had stopped work on Sunday. The Toronto- based company said it is engaged in talks with the union to resolve the matter and added that it still expects to resume leaching activities at the mine in San Juan province by the second half of June.

  • MUMBAI, May 29- Indian mobile carrier Reliance Communications' shares and bonds resumed their slide on Monday as concerns over its heavy debt load were reignited after a fourth-quarter loss that sent the company to its first full-year loss. Banking sources told Reuters that the company is running behind on some loan repayments, though Reliance-- backed by...

  • *Chinese, London and U.S. markets closed for holiday. LONDON, May 29- Gold held near its highest in a month on Monday in holiday-thinned trade, with a softer dollar and a retreat in stock markets helping the metal cling on to the previous session's gains. A 0.1 percent retreat in the dollar index underpinned prices, but moves were muted, with traders in the United States,...

  • *RBoS Shareholder Action Group says accepts 82 p/shr offer. LONDON, May 29- A group representing Royal Bank of Scotland investors has accepted an out-of-court deal to settle a lawsuit that aimed to call disgraced former CEO Fred Goodwin to account over a 12 billion pound cash call in 2008.. Organizers of the RBoS Shareholder Action Group, that had vowed to see the...

  • TORONTO, May 29- Canada's main stock index opened higher on Monday, helped by gains for Bombardier Inc, big banks and railway stocks, while BlackBerry Ltd pulled back after a recent rally. The Toronto Stock Exchange's S&P/TSX composite index was up 11 points, or 0.07 percent, at 15,427.93 shortly after the open. Markets are closed in Britain and the United States.

  • *Canadian dollar at C $1.3451, or 74.34 U.S. cents. TORONTO, May 29- The Canadian dollar was little changed against its U.S. counterpart on Monday as the price of oil steadied in holiday-thinned trading and ahead of the release of data on the country's gross domestic product due on Wednesday. barrel in subdued trading due to public holidays in China, the United States...

  • LONDON, May 29- Britain's pound was the main mover among major currencies on Monday, recovering some ground after weekend polls showed Prime Minister Theresa May is set to win next week's elections even if the scale of victory is in question. Sterling had its worst day since early February on Friday and fell around 2 cents last week as polls showed May's lead over...

  • LONDON, May 29- Britain's pound was the main mover among major currencies on Monday, recovering some ground after weekend polls showed Prime Minister Theresa May is set to win next week's elections even if the scale of victory is in question. Sterling had its worst day since early February on Friday and fell around 2 cents last week as polls showed May's lead over...

  • LONDON, May 29- Britain's pound was the main mover among major currencies on Monday, recovering some ground after weekend polls showed Prime Minister Theresa May is set to win next week's elections even if the scale of victory is in question. Sterling had its worst day since early February on Friday and fell around 2 cents last week as polls showed May's lead over...