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Wires

  • May 26- U.S. energy firms added oil rigs for a record 19 weeks in a row as expectations of higher crude prices after an OPEC- led decision to extend current output curbs motivate producers to boost spending on new drilling. Drillers added two oil rigs in the week to May 26, bringing the total count up to 722, the most since April 2015, energy. Friday, after plunging nearly...

  • 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...

  • TORONTO, May 26- The Toronto Stock Exchange's efforts to win a slice of the massive Saudi Aramco public listing plays up the country's deep experience in natural resources as part of a broader offer to help the kingdom with its shift away from oil dependence. One source directly involved in the Canadian pitch told Reuters they are focused on convincing the...

  • *Prices bounce after dive on disappointment over OPEC. NEW YORK, May 26- Oil prices rose more than 1 percent on Friday, a partial rebound from the previous day's steep slide that came when an OPEC- led decision to extend production curbs did not go as far as some investors had hoped. Global benchmark Brent futures rose 50 cents to $51.97 a barrel at 12:29 p.m. EDT, after...

  • LONDON, May 26- Sterling suffered its steepest fall since January on Friday after an opinion poll showed the governing Conservatives' lead over the Labour opposition down to just 5 percentage points less than two weeks before a parliamentary election. That lifted London's FTSE share index by half a percent to a record high while other major European markets...

  • May 26- U.S. stocks were little changed in early afternoon trading on Friday, taking a breather after six straight days of gains and ahead of a three-day holiday weekend. Investors may be taking a breather as we head into the holiday weekend, "said Emily Roland, head of investment research at John Hancock Investments in Boston. At 12:32 p.m. ET the Dow Jones...

  • LOS ANGELES— President Donald Trump's budget proposal would cut funding for an earthquake early warning system for California, Oregon and Washington state. A version of the ShakeAlert system has been undergoing testing but still needs more seismic sensors installed in Northern California, Oregon and Washington. Adam Schiff tells the Los Angeles Times it's...

  • MILAN, May 26- Banca Popolare di Vicenza and Veneto Banca have asked an investment fund backed by Italy's healthier banks to come to their rescue by helping to cover a capital shortfall, as demanded by the European Union. Rome has sought EU approval for months to bail out the two Veneto- based lenders and bigger rival Monte dei Paschi di Siena under strict EU bank...

  • CHICAGO, May 26- U.S. soybean futures fell to a six-week low on Friday while corn and wheat each gained about 1 percent on spreading and position squaring ahead of a three-day weekend, traders and analysts said. "We're putting some weather premium in ahead of the weekend," EFG Group broker Tom Fritz said of the higher grain prices. CBOT July wheat was 6-1/ 2 cents higher...

  • WASHINGTON, May 26- The U.S. economy slowed less than initially thought in the first quarter, but softening business investment and moderate consumer spending are clouding expectations of a sharp acceleration in the second quarter. Gross domestic product increased at a 1.2 percent annual rate instead of the 0.7 percent pace reported last month, the Commerce...

  • LONDON, May 26- Russia demanded on Friday that Ukraine should pay $325 million now while awaiting the outcome of a legal dispute over $3 billion lent by Moscow to Kiev in 2013.. Judge William Blair deferred his ruling, which will also include a decision on the rate of interest and the legal costs to be paid by Ukraine. Moscow wants the bond to be repaid in full but...

  • *Energy stocks fall after OPEC extends cut. *FTSE 100 hits fresh record high. In the sector, Italian banks Intesa Sanpaolo, Mediobanca and UniCredit reduced losses after earlier falls, while Germany's Deutsche Bank, Bank of Ireland and Britain's Lloyds were among the biggest fallers.

  • NEW YORK, May 26- Some investors are betting the worst is yet to come for Brazil's stock market, even after a brutal selloff last week. Fund managers said troubles for Brazilian President Michel Temer, who was caught on tape discussing a hush-money arrangement to buy the silence of imprisoned former house speaker Eduardo Cunha, are likely just beginning, and could...

  • ROME, May 26- A Rome court annulled a short-lived ban on ride-hailing app Uber on Friday in the latest twist to a battle between the San Francisco- based multinational and Italy's traditional taxi cabs. A lower court had already ordered temporary suspension of the ban, which was imposed in April and affected several Uber phone applications and prevented it from...

  • BERLIN, May 26- IAG-owned airlines British Airways and Iberia are to follow Lufthansa by charging a fee for bookings via third parties, using new technology to take more control of their own bookings. Lufthansa caused a stir in the industry when it introduced its own GDS surcharge in 2015 and CEO Carsten Spohr has repeatedly said he expects rival carriers to...

  • LONDON, May 26- Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. The ECB meets on June 8 amid a growing clamour to begin "normalising" monetary policy. A major determinant of the policy path Mario Draghi outlines that day will be next week's euro zone inflation figures.

  • LONDON, May 26- Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. The ECB meets on June 8 amid a growing clamor to begin "normalizing" monetary policy. A major determinant of the policy path Mario Draghi outlines that day will be next week's euro zone inflation figures.

  • LONDON, May 26- An undercurrent of political and policy risks pushed down euro zone government bond yields on Friday, discouraging investors from putting too much faith in improved economic data. Investors took their cue from policymakers staying cautious on the brightening political and economic picture in Europe and its implications for monetary policy.

  • SAO PAULO, May 26- Brazilian stocks and currencies rose on Friday as traders hoped for progress on an ambitious reform agenda despite a growing political crisis ensnaring President Michel Temer. Brazil's benchmark Bovespa stock index rose 1.1 percent. House Speaker Rodrigo Maia has said he expects the lower house to vote on pension reform by mid-June,...

  • LONDON, May 26- Sterling suffered its worst falls since January on Friday after an opinion poll showed Prime Minister Theresa May's lead down to just 5 percentage points over the Labour opposition less than two weeks before a parliamentary election. In a succession of falls in Europe, the pound sank against the euro and by more than a full percentage point...