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Wires

  • SANTO DOMINGO, May 29- Nearly a dozen officials and businessman in the Dominican Republic were arrested early Monday in relation to $92 million in bribes paid by the Brazilian construction company Odebrecht to obtain public works contracts. In a press conference at the Justice Ministry, Attorney General Jean A. Rodriguez announced the names of the 14 people,...

  • ATHENS, May 29- Greece's creditors need to reach a deal on debt relief measures at the next meeting of euro zone finance ministers in June to help the country return to bond markets, its finance minister said on Monday. Greece adopted the package to try to coax the IMF into participating in its 86- billion-euro bailout and to qualify for debt relief.

  • BRUSSELS, May 29- Burger King is in trouble with Belgium's monarchy over an advertising campaign asking Belgians to vote online to "crown" the global fast-food giant the true ruler of the country where the U.S. brand will launch next month. Representatives of Belgium's King Philippe on Monday asked the local unit of Burger King, owned by Restaurant Brands...

  • BRUSSELS, May 29- Burger King is in trouble with Belgium's monarchy over an advertising campaign asking Belgians to vote online to "crown" the global fast-food giant the true ruler of the country where the U.S. brand will launch next month. Representatives of Belgium's King Philippe on Monday asked the local unit of Burger King, owned by Restaurant Brands...

  • BRUSSELS, May 29- Burger King is in trouble with Belgium's monarchy over an advertising campaign asking Belgians to vote online to "crown" the global fast-food giant the true ruler of the country where the U.S. brand will launch next month. Representatives of Belgium's King Philippe on Monday asked the local unit of Burger King, owned by Restaurant Brands...

  • BRUSSELS, May 29- Burger King is in trouble with Belgium's monarchy over an advertising campaign asking Belgians to vote online to "crown" the global fast-food giant the true ruler of the country where the U.S. brand will launch next month. Representatives of Belgium's King Philippe on Monday asked the local unit of Burger King, owned by Restaurant Brands...

  • May 29- Canada's Husky Energy Inc said on Monday it is proceeding with its long-delayed C $2.2 billion West White Rose project off the Atlantic coast, even as the energy downturn makes the high-cost project less attractive. The company, which is controlled by Hong Kong billionaire Li Ka- shing, also said that a new oil discovery has been made at the Northwest White...

  • May 29- Even in the age of superstar firms, the logic of index investing holds. New research details how a small number of companies- think Google, Amazon and Apple- have come to dominate their sectors, capturing a growing share of revenues and helping to create an economy featuring high corporate profits but a lower share of the pie for workers.

  • QUITO, May 29- Ecuador's new leftist president, Lenin Moreno, said on Monday he would seek to refinance the Andean country's "expensive" foreign debt in a bid to ease pressure on its economy. OPEC's smallest member has steep public debt due to short-term bonds and loans from key ally China, Ecuador's top financier, largely accrued under ex-president Rafael Correa.

  • AMSTERDAM— An Amsterdam court has rejected a request by a group of AkzoNobel shareholders to order an extraordinary meeting of shareholders to discuss dismissing the paint and coatings company's supervisory board chairman. Monday's ruling by the Commercial Court in Amsterdam came amid unrest by some AkzoNobel shareholders at the company's decision to...

  • FRANKFURT, May 29- The European Central Bank's utra-loose monetary policy is "still appropriate in principle" but it is legitimate to discuss the timing of an exit as inflation recovers, Jens Weidmann, Germany's representative on the ECB's Governing Council, said on Monday. "Given the dampened price pressure, an expansive monetary policy is still appropriate in...

  • WINNIPEG/ MONTREAL, May 29- Canadian rail shippers are urging Ottawa to intervene in a looming strike at Canadian National Railway Co, the country's largest railroad, fearing that a shut-down would immediately damage their businesses. Freight Management Association of Canada, which represents agriculture, mining, forest products and other sectors, wrote to...

  • May 29- Oil prices rose slightly on Monday, paring steep losses from last week, but the market remained cautious as increases in U.S. drilling activity have undercut an OPEC- led push to tighten supply. The market remains uncertain about whether the extension of output cuts by OPEC and other producing countries will be enough to support prices.

  • SAO PAULO, May 29- Latin American stocks and currencies seesawed on Monday on thin trading volumes, with several major foreign markets closed due to local holidays. Holidays in the United States, China and the United Kingdom kept a lid on liquidity, driving many investors to remain on the sidelines. In Brazil, traders also erred on the side of caution ahead of a key...

  • *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, pushing stock markets lower after Asian share indices fell back off two-year highs. Weekend reports that Italy's main parties could converge on a proportional...

  • MUNICH, May 29- German Finance Minister Wolfgang Schaeuble said on Monday the question of whether he would remain in office after a Sept. 24 national election would be dealt with after the vote. The 74- year-old veteran member of Chancellor Angela Merkel's conservatives was asked at an annual meeting of tax consultants in Munich whether he would travel to that...

  • SAO PAULO, May 29- Brazilian healthcare services provider Notre Dame Intermédica Sistema de Saúde SA on Monday filed for regulatory clearance to launch an initial public offering, the latest in a wave of stock listings in Latin America's largest economy after a years-long drought. The investment banking unit of Itaú Unibanco Holding SA will act as lead...

  • ATHENS, Greece— Greece's finance minister insisted Monday that the country had met all its reform commitments, and that it was now up to international creditors to agree on how to make Greece's debt sustainable and help the nation emerge from its financial crisis. The main issue has been a disagreement between the eurozone and the IMF, which is not financially...

  • BUENOS AIRES, May 29- Barrick Gold Corp said on Monday one of several labor unions at its Veladero mine in Argentina, the site of three cyanide solution spills in 18 months, went on strike on Sunday. The government of Argentina's San Juan province, where Veladero is located, said earlier this month that it had approved a plan for improving safety following the...

  • MILAN, May 29- European shares inched lower in quiet trading on Monday with Italian stocks left behind as talk over a possible early election weighed, hitting banks. Activity was reduced as holidays in major markets such Britain and the United States kept investors away. Weekend reports that Italy's main parties could converge on a proportional electoral law...