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Wires

  • 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...

  • The Akron Beacon-Journal reports the Akron- based Summa Health system on Wednesday notified its 8,000 employees about changes to a dress code that had raised the ire of some women when it was implemented nearly two years ago by the previous administration. A Summa Health vice president said in a memo that a focus group of employees provided feedback about the...

  • COLUMBUS, Ohio— As U.S. children flock to virtual charter schools, states are struggling to catch up and develop rules to make sure the students get a real education and schools get the right funding. Ohio's largest online charter school, the Electronic Classroom of Tomorrow, this month lost the latest round of its battle over $60 million the state says is owed for...

  • MOSCOW, May 26- Russia's biggest bank Sberbank will provide no new financing for indebted food and retail company Agrokor until the lender has reached an understanding with the Croatian government, Sberbank's chief executive said on Friday. Sberbank CEO German Gref said cooperation with the Croatian government had so far been "not simple."

  • May 26- U.S. stocks were little changed in late morning trading on Friday, following six straight days of gains, as investors took a breather ahead of a three-day holiday weekend. The six-day winning streak is the market's longest since February and investors may look to cash in on their gains ahead of the long weekend due to Monday's Memorial Day holiday.

  • DETROIT— Ford's former CEO Mark Fields is leaving the company with an estimated $51.1 million in cash, stock awards and pension benefits. Executive compensation tracking firm Equilar calculated Fields' compensation for The Associated Press. Fields will be eligible for $22.1 million in stock awards that are continuing to vest and an estimated $17.5 million...

  • *U.S. bond market to close early at 2 p.m.. NEW YORK, May 26- U.S. "People are squaring up before the long weekend," said Kathy Jones, chief fixed income strategist at Schwab Center for Financial Research in New York.

  • LONDON, May 26- Shares in Alfa Financial, which provides software for the asset finance industry, rose sharply on their London Stock Exchange debut on Friday, making the listing London's biggest this year by market capitalisation. Uncertainty around Britain's future outside the EU single market has dampened investor confidence in the London IPO market this...

  • 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...

  • TAORMINA, Italy, May 26- British Prime Minister Theresa May and U.S. President Donald Trump renewed their commitment to increase trade between the two countries during a meeting at the G7 summit in Italy, May's spokesman said. "The president and the prime minister reaffirmed their commitment to increasing trade between the UK and the U.S., including a post-Brexit...

  • TORONTO, May 26- Canada's main stock index moved slightly lower in morning trade on Friday as gains for gold miners on a push higher in bullion were offset by declines in some heavyweight banks. At 10:57 a.m. ET, the Toronto Stock Exchange's S&P/TSX composite index was down 21.05 points, or 0.14 percent, to 15,389.68. But Barrick Gold fell 0.5 percent to C $21.86...

  • DUBLIN/ LONDON, May 26- British insurer Legal& General said it will move some of its investment management operations to Ireland to ensure it can continue to serve its customers after Brexit, while rival Aviva is turning its Irish branches into subsidiaries. LGIM's decision follows plans by rival fund manager M&G, a subsidiary of Prudential, to set up a management...

  • BUCHAREST, Romania— A French designer has shown his humanoid DIY robot to the public for the first time. The life-size plastic model responded to English-language commands Friday, picking up and dropping a small ball and swiveling its head to follow people. Designer Gael Langevin unveiled the robot at a technology fair in Romania this week.