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Wires

  • LONDON, May 26- Europe's brightening economic prospects are unlikely to insulate regional stocks from any sharp pullback on Wall Street where a wobble last week heightened anxiety about whether a market at record highs is due a correction. Darkening clouds in the United States contrast with an acceleration of the euro zone economy and an ebbing of political...

  • *OPEC, other producers extend production cut to March 2018. LONDON, May 26- Oil prices edged back up on Friday after a 5 percent fall in the previous session on disappointment that an OPEC- led decision to extend current production curbs did not go deeper. At Thursday's meeting in Vienna the Organization of the Petroleum Exporting Countries and some non- OPEC...

  • May 26- U.S. stock index futures were little changed on Friday, coming off six straight days of gains and ahead of data that is likely to show the economy grew slightly more than previously thought in the first quarter. The data is due at 8:30 a.m. ET. *Wall Street's six-day winning streak is its longest since February, buoyed by a strong earnings season.

  • The Associated Press sent two journalists on a two-day visit to Orlando, Florida— one with perks, and one without. Scott Mayerowitz, who until recently covered the airline industry, has elite status with airlines, hotels and car rental agencies. Candice Choi, who covers the food industry, has no such perks.

  • KAMPALA, May 26- Uganda and Tanzania signed a framework agreement on their proposed $3.55 billion crude export pipeline on Friday, a key milestone for the project, which is expected to start pumping Ugandan oil to international markets in three years. An official at Uganda's Ministry of Energy told Reuters the agreement covered terms on tax incentives for the...

  • BUDAPEST/ WARSAW, May 26- Several smaller cross-border banking mergers remain in the pipeline in central Europe as some western European lenders retreat from the region, although the immediate pressure to do deals has eased thanks to stronger local economies. First-quarter economic growth in Poland and Hungary rose at or above 4 percent.

  • *Moody's encouraged by China's "vast reform agenda". *China facing dilemma of deleveraging without hurting growth. *China could lose A1 rating if debt growth exceeds expectations.

  • BUDAPEST/ WARSAW, May 26- Eastern members of the European Union are pushing for a soft separation with Britain, hoping that this would protect the rights of millions of east Europeans living and working there. Top policy makers from Hungary, Poland, the Czech Republic and Romania have called on the EU this week not to punish Britain for leaving the bloc.

  • SHANGHAI, May 26- China's central bank plans to inject funds into the money market through its medium-term lending facility loans in early June, the Financial News said on Friday. The Financial News, a publication under the People's Bank of China, quoted the central bank as saying that there would be many factors weighing on the liquidity in June.

  • LONDON, May 26- Sterling dived more than half a percent against both the dollar and euro on Friday after the first opinion poll in days showed Prime Minister Theresa May's lead down to just 5 percentage points over the opposition Labour Party. Markets' assumption that May's Conservatives would win handsomely, strengthening her hand in talks on leaving the...

  • LONDON, May 26- Sterling dived more than half a percent against both the dollar and euro on Friday after the first opinion poll in days showed Prime Minister Theresa May's lead down to just 5 percentage points over the opposition Labour Party. Markets' assumption that May's Conservatives would win handsomely, strengthening her hand in talks on leaving the...

  • LONDON, May 26- Sterling dived more than half a percent against both the dollar and euro on Friday after the first opinion poll in days showed Prime Minister Theresa May's lead down to just 5 percentage points over the opposition Labour Party. Markets' assumption that May's Conservatives would win handsomely, strengthening her hand in talks on leaving the...

  • LONDON, May 26- Sterling dived more than half a percent against both the dollar and euro on Friday after the first opinion poll in days showed Prime Minister Theresa May's lead down to just 5 percentage points over the opposition Labour Party. Markets' assumption that May's Conservatives would win handsomely, strengthening her hand in talks on leaving the...

  • ATLANTA— Shoppers at an Atlanta grocery store had to abandon their carts and leave the store after someone ignited a fireworks display inside, setting off the sprinkler system. Atlanta Fire Rescue spokesman Cortez Stafford tells The Atlanta Journal-Constitution there were no serious injuries. Information from: The Atlanta Journal-Constitution,...

  • FRANKFURT, May 26- German prosecutors investigating whether carmaker Daimler manipulated emission tests on its diesel cars are looking at whether auto components supplier Bosch was involved in the alleged fraud, it was confirmed on Friday. "There is an investigation into aiding and abetting fraud," a spokesman for the Stuttgart prosecutor said following a...

  • MUNICH, May 26- German industrial gases group Linde's supervisory board is due to vote on a merger agreement with U.S. peer Praxair on June 1, two people close to the matter told Reuters on Friday. The all-share merger of equals, intended to create a market leader that will overtake France's Air Liquide, had fallen behind schedule because of the complexity of talks...

  • HONG KONG, May 26- Thousands of people flocked to snap up flats in Hong Kong on Friday, lured by favorable financing terms offered by the city's No. 2 developer even as authorities fret over sky-high prices that a series of cooling measures has failed to dampen. Potential buyers, clutching documents and flanked by agents, queued early for a chance to buy one of the 496...

  • HONG KONG, May 26- Thousands of people flocked to snap up flats in Hong Kong on Friday, lured by favourable financing terms offered by the city's No. 2 developer even as authorities fret over sky-high prices that a series of cooling measures has failed to dampen. Potential buyers, clutching documents and flanked by agents, queued early for a chance to buy one of the...

  • NANJING, China _ Tuniu Corp. on Friday reported a loss of $41.9 million in its first quarter. For the current quarter ending in July, Tuniu said it expects revenue in the range of $64.3 million to $66.5 million. Tuniu shares have fallen almost 7 percent since the beginning of the year.

  • The typical big-company CEO raked in $11.5 million last year in salary, stock and other compensation, according to a study by executive data firm Equilar for The Associated Press. That's an 8.5 percent raise from a year earlier, the biggest in three years. The top-paid CEO last year was Thomas Rutledge of Charter Communications, at $98 million.