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  • GENEVA, May 30- Tobacco growing is causing "massive harm" to the environment through the extensive use of chemicals, energy and water, and pollution from manufacturing and distribution, the World Health Organization said on Tuesday. The United Nations agency called for the tobacco industry to compensate for its products that contribute to greenhouse gases...

  • MADRID, May 30- Spanish consumer prices rose this month at their slowest rate since December, preliminary data published on Tuesday showed, placing inflation in line with the European Central Bank's target for the first time in five months. Inflation, harmonised to compare with other European Union member states, was 2.0 percent year-on-year in May, the...

  • NEW DELHI, May 30- Crop-nourishing monsoon rains lashed the Kerala coast of India's southwest on Tuesday, the India Meteorological Department said, the earliest start to the rains since 2011 which should boost the world's fasting growing economy's agriculture. The monsoon delivers about 70 percent of India's annual rainfall, critical for the farm sector...

  • *Euro undermined by signs of early elections in Italy. LONDON, May 30- A new round of political worries over Greece, Italy and Britain had European currencies on the retreat against the dollar on Tuesday, the resulting bleaker mood on stock markets also pushing the yen broadly higher. "We always knew Italy was going to come back into the market's sights but I think...

  • *Political uncertainty in Europe stokes safe-haven buying. Risk surrounding the closeness of Britain's upcoming elections, the prospect of early elections in Italy and worries over Greek debt were supporting gold, said Jeffrey Halley, a senior market analyst at OANDA. British Prime Minister Theresa May's lead over the opposition Labour Party dropped to 6...

  • MELBOURNE, May 30- London copper prices drifted on Tuesday as the dollar climbed, with markets waiting for trading to resume in top metals consumer China after a public holiday. *CHINA: Factory activity in China is expected to have grown at its slowest pace in eight months, a Reuters poll showed, as previous stimulus fades and policymakers focus on tackling rising...

  • Markets in Shanghai, Hong Kong and Taipei were closed on a holiday. KEEPING SCORE: Tokyo's Nikkei 225 finished nearly flat at 19,677.85 and South Korea's Kospi dropped 0.4 percent to 2,343.68. Markets in Singapore, the Philippines, Indonesia and New Zealand were lower.

  • *Novartis mulls asset disposals of some $50 billion. ZURICH, May 30- As Novartis considers asset sales that could raise $50 billion, investors are worried any cash raised may give the Swiss drugmaker firepower for another unsuccessful megadeal. Now, Chief Executive Joe Jimenez is reviewing Alcon's surgical devices and contact lens businesses, suggesting they...

  • TOKYO, May 30- Tokyo Governor Yuriko Koike is challenging Japan's old-boy network in the capital, where she thrashed a ruling party rival to win her post and now aims to lead reform-minded candidates to victory in a city-wide July election. A popular former TV announcer who speaks Arabic and English, Koike is the leader of a mega-metropolis with an economy bigger...

  • May 30- London Stock Exchange has agreed to buy The Yield Book, Citigroup's fixed-income analytics and indexing business, for $685 million in cash, the companies said on Tuesday. The deal, which is subject to regulatory clearances and is expected to close in the second half of this year, is expected to add $30 million in synergy benefits to LSE's revenue over the...

  • MOSCOW, May 30- Russian consumer lender TCS Group made 3.4 billion roubles of net profit in the first quarter, it said on Tuesday, in line with analysts' forecasts. TCS Group made 1.9 billion roubles of profit in the first quarter last year. London- listed TCS said its share of non-performing loans fell to 9.6 percent in the first three months of 2017 from 10.2 percent a...

  • *Italy to auction debt in test of investor demand. LONDON, May 30- German government bond yields fell to their lowest level in more than a month on Tuesday ahead of inflation data from the bloc's biggest economy expected to underscore the challenges the European Central Bank faces in normalizing monetary policy. A weak first reading of German data for May, as...

  • BA was forced to cancel its schedule from London's Heathrow, Europe's busiest airport, and Gatwick on Saturday after it said a power surge knocked out its computer systems, disrupting its global flight operations, call centres and website. It struggled to recover on Sunday and Monday, but said it would be operating a full flight schedule at Heathrow and Gatwick...

  • *U.S. summer driving season kicks off on Memorial Day. West Texas Intermediate crude futures climbed above $50 per barrel early on Tuesday, before dipping back to $49.78 by 0655 GMT, down 2 cents from their last close. The American Automobile Association said ahead of Memorial Day that it expected 39.3 million Americans to travel 50 miles or more away from home...

  • ZURICH, May 30- Swiss financial watchdog FINMA conducted "extensive investigations" into Credit Suisse's dealings surrounding Malaysia's scandal-hit state fund 1 MDB, resulting in a written reprimand for Switzerland's second-biggest bank. "During the investigations, it was not established that the bank had committed any systematic breaches of...

  • *U.S. summer driving season kicks off on Memorial Day. West Texas Intermediate crude futures climbed above $50 per barrel early on Tuesday, before dipping back to $49.75 by 0615 GMT, down 5 cents, or 0.1 percent, from their last close. The American Automobile Association said ahead of Memorial Day that it expected 39.3 million Americans to travel 50 miles or more...

  • TOKYO, May 30- Japanese government bonds inched up on Tuesday, although activity was thin as investors awaited details of the Bank of Japan's regular bond-purchasing operations for June. "We expect no change to each tenor, simply because the yield curve hasn't changed much," said Naomi Muguruma, senior fixed-income strategist, Mitsubishi UFJ Morgan Stanley...

  • PRAGUE— A Russian man who faces charges in the United States of hacking computers at American companies is facing an extradition hearing at a Prague prison. Yevgeniy Nikulin's hearing on Tuesday is being held at Prague's Pankrac prison— a rare measure that underlines the sensitivity of the case. Czech authorities arrested Nikulin in Prague on Oct. 5 in...

  • *Euro weakens on fears Greece may forego next bailout payment. SINGAPORE, May 30- Concerns about situations involving Greece, Italy and the European Central Bank kept the euro under pressure on Tuesday. For Tuesday, European stock markets were set for a soft start, with financial spreadbetter IG Markets expecting Britain's FTSE and France's CAC 40 to open 0.15...

  • Sterling slipped after a poll showed British Prime Minister Theresa May's lead over the opposition Labour Party in upcoming elections dropped to 6 percentage points. The euro fell on concerns over a bailout for Greece, as eurozone finance ministers failed to agree with the International Monetary Fund last week on Greek debt relief. South Korea said on...