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Wires

  • SHANGHAI, June 26- Hong Kong shares started the week on a bullish note, with tech shares and mainland property firms leading the main indexes higher on Monday. Sentiment is turning upbeat ahead of the 20th anniversary of the handover of Hong Kong from British colonial rule to the mainland. Chinese President Xi Jinping will visit Hong Kong from June 29 to July 1 to...

  • By Michael Erman and Martinne Geller. June 26- Activist investor Daniel Loeb's Third Point LLC on Sunday unveiled a stake of more than 1 percent in Switzerland's Nestle SA and urged the world's largest packaged foods maker to improve margins, buy back stock and shed non-core businesses. Third Point disclosed the Nestle position in a letter to the hedge fund's...

  • BERLIN, June 26- German business confidence unexpectedly rose in June to a record high, a survey showed on Monday, in a fresh sign that company executives are more upbeat about the growth outlook of Europe's largest economy. The Munich- based Ifo economic institute said its business climate index, based on a monthly survey of some 7,000 firms, rose to 115.1 from...

  • LONDON, June 26- Sterling climbed to its highest in a week on Monday, kept up by rising expectations among investors of a hike to interest rates from the Bank of England and the prospect of a deal for Prime Minister Theresa May to form a government. The leader of Northern Ireland's Democratic Unionist Party, Arlene Foster, will meet May at 0930 GMT on Monday for talks...

  • *Central banks should begin process of normalisation- BIS. LONDON, June 25- Major central banks should press ahead with interest rate increases, the Bank for International Settlements said on Sunday, while recognising that some turbulence in financial markets will have to be negotiated along the way. "Since we are now emerging from a very long period of very...

  • LONDON, June 23- World stocks could be about to record their best start to a year since 1998, when global markets were recovering from the Asian crisis, while oil and the dollar are facing their worst first-half in years. The second feature has been a political and growth outlook shift in Europe which has lured investors back to the continent.

  • *Italy- Germany bond yield spread comes off recent narrow levels. LONDON, June 26- Italian government bond yields rose on Monday after the European Commission approved the rescue of assets of two struggling Veneto banks, ending months of speculation over whether Italy would be able to bypass regulations preventing state bailouts of banks.

  • ZURICH, June 26- Roche's investigational haemophilia drug emicizumab cut the bleed rate by 87 percent in patients who had developed resistance to standard treatment, compared with those who instead got bypassing agents, the Swiss company said on Monday. Roche is counting on emicizumab to wrest a share of the $11 billion- a-year haemophilia drug market now...

  • ZURICH, June 26- Roche's investigational hemophilia drug emicizumab cut the bleed rate by 87 percent in patients who had developed resistance to standard treatment, compared with those who instead got bypassing agents, the Swiss company said on Monday. Roche is counting on emicizumab to wrest a share of the $11 billion- a-year hemophilia drug market now...

  • LONDON, June 26- Financial investors' lack of faith in another rise in U.S. interest rates this year kept the dollar pinned back on Monday at the start of a week packed with speeches from Federal Reserve and other senior central bank officials. Sterling has recovered 1.5 cents from lows hit in the past 10 days due to uncertainty over the makeup of the next government,...

  • JOHANNESBURG, June 26- South African precious metals producer Sibanye Gold aims to resume production at its strike-hit Cooke Mine later this week, but first plans to conduct safety inspections in the shafts on Monday. Illegal gold mining has plagued South Africa for decades, with bullion pilfered from both disused and operating mines, and Sibanye has vowed it...

  • LONDON, June 26- Russian billionaire Mikhail Fridman's L1 Retail has agreed to buy health food and supplements chain Holland& Barrett for 1.77 billion pounds from The Nature's Bounty Co. and The Carlyle Group, the companies said in a statement. Private equity firm Carlyle acquired Nature's Bounty, including Holland& Barrett, in 2010 for $3.8 billion.

  • MILAN, June 26- European shares got off to a firm start to the week on Monday as banks rallied after Italy reached a deal on two failed regional banks and consumer bellwether Nestle hit a record high after becoming the next target of activist investor Third Point. Italy began winding up two failed regional banks on Sunday in a deal that could cost Rome up to 17...

  • SHANGHAI, June 26- China's blue-chip index closed at its highest in over a year on Monday, boosted by news of index provider MSCI saying it could substantially raise the future weighting of China' A' shares in its emerging markets benchmark. The Shanghai SE 50 Index, an index tracking the 50 most representative blue-chips on the Shanghai Stock Exchange, advanced...

  • TOKYO, June 26- Japan's Nikkei share average ticked up on Monday, clinging near two-year high hit last week, on positive views of the global economy, though turnover was at the lowest level in more than two months. "The 20,000 level is a key support level with positive focus to increase on stock specific earnings, corporate actions and return-on-equity increases,"...

  • BEIJING— The world's biggest coal users— China, the United States and India— have boosted coal mining in 2017, in an abrupt departure from last year's record global decline for the heavily polluting fuel and a setback to efforts to rein in climate change emissions. China and the U.S. accounted for almost all the decline, while India showed a slight increase.

  • TOKYO, June 26- Japanese airbag maker Takata Corp has filed for bankruptcy protection in the United States and Japan. The company says it is facing between $10 billion and $50 billion in liabilities from almost a decade of recalls and lawsuits linked to its defective air bag inflators, which could explode with too much force, sending metal shrapnel into vehicle...

  • WASHINGTON— Why are Republicans struggling mightily to reach a consensus on how to overhaul the nation's tax system? The GOP is supposed to be really good at cutting taxes. After weeks of private negotiations, the White House and congressional Republicans still don't agree on exactly what they want to accomplish.

  • *Oil rebound continues as support near $40 in WTI holds. Spread-betters expect Britain's FTSE to open 0.1 percent higher and Germany's DAX and France's CAC to start almost flat. MSCI's broadest index of Asia-Pacific shares outside Japan ticked up 0.4 percent as tech counters led gains in Korean and Taiwanese shares to record highs and 27- year highs...

  • SEOUL, June 26- Oil prices rose 1 percent early on Monday on a weaker dollar, but an increase in U.S. drilling activity stoked worries that a global supply glut will persist despite an OPEC- led effort to curb output. Global benchmark Brent crude futures were trading up 45 cents, or 1.0 percent, at $45.99 per barrel at 0623 GMT. I suspect short covering, "said Ric Spooner,...