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Wires

  • TOKYO, May 26- Japanese government bonds gained on Thursday, shrugging off the effect of the previous session's lackluster 40- year auction as slumping stock prices gave bond market sentiment a lift. Japanese shares extended their early losses as the yen's gains on the dollar accelerated, with the Nikkei stock index ending down 0.6 percent as the dollar...

  • TOKYO, May 26- Japanese government bonds gained on Thursday, shrugging off the effect of the previous session's lacklustre 40- year auction as slumping stock prices gave bond market sentiment a lift. Japanese shares extended their early losses as the yen's gains on the dollar accelerated, with the Nikkei stock index ending down 0.6 percent as the dollar...

  • TAORMINA, Sicily— The differences are well-known: climate change, trade and migration threaten to throw a summit of the Group of Seven wealthy democracies off its consensus game, with U.S. It is highly informal, highly interactive and they speak in very colloquial language to each other, "said John Kirton, director of the G7 Research Group at the University of...

  • *Moody's encouraged by China's "vast reform agenda". *China facing dilemma of deleveraging without hurting growth. BEIJING, May 26- China's structural reforms will slow the pace of its debt build-up but will not be enough to arrest it, and another credit rating cut for the country is possible down the road unless it gets its ballooning credit in check, officials at...

  • TOKYO, May 26- Japan's Nikkei share average extended losses as the yen's gains against the dollar accelerated on Friday, though the benchmark index still managed to cap off a winning week. Oil and mining shares fell, after oil prices skidded 5 percent on Thursday and continued to drop on Friday, after a meeting of OPEC countries disappointed some investors who had...

  • MELBOURNE, May 26- London Metal Exchange copper hovered near its highest in three weeks on Friday, supported by supply concerns after news of further disruption at Indonesia's Grasberg, one of world's biggest copper mines. On the demand side, China is gradually slowing down, and we haven't seen much from the U.S.- they promised a big infrastructure package but no...

  • *Crude futures tumble after OPEC fails to deepen cuts. SINGAPORE, May 26- Oil prices weakened on Friday, prompting a move away from riskier assets and depressing Asian stocks, after an OPEC agreement to extend cuts in crude production for a further nine months disappointed investors who had bet on bigger output cuts. European stock markets look set for a muted...

  • 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...

  • HONG KONG— Asian stock markets were mixed Friday as investors weighed Wall Street's latest gains on strong earnings reports against the latest oil production cut, which dragged down crude prices and commodity shares. KEEPING SCORE: Japan's benchmark Nikkei 225 index slipped 0.3 percent to 19,749.59 but South Korea's Kospi climbed 0.6 percent to 2,357.06.

  • *iVX, China's anxiety gauge, jumps to 4- month high. SHANGHAI, May 26- China stocks held steady on Friday after a tumultuous week, with the Shanghai index holding above the key 3,000- point level even after Moody's downgraded the country's sovereign credit rating. But iVX- dubbed China's anxiety gauge- has jumped to a four-month high, while trading in stock options...

  • SINGAPORE, May 26- Sterling fell on Friday after a poll showed a narrowing lead for British Prime Minister Theresa May over her opposition ahead of elections next month, while weakness in oil prices dragged on commodity-linked currencies. In a sign that the June 8 election could be more closely contested than previously thought, a YouGov poll published on...

  • SINGAPORE, May 26- Sterling fell on Friday after a poll showed a narrowing lead for British Prime Minister Theresa May over her opposition ahead of elections next month, while weakness in oil prices dragged on commodity-linked currencies. In a sign that the June 8 election could be more closely contested than previously thought, a YouGov poll published on...

  • *OPEC, other producers extend production cut to March 2018. SINGAPORE, May 26- Oil extended falls on Friday after tumbling in the previous session when OPEC and allied producers extended output cuts but disappointed investors betting on longer or larger supply curbs. At Thursday's meeting in Vienna, the Organization of the Petroleum Exporting Countries and...

  • SHANGHAI, May 26- China's yuan on Friday extended the previous day's big gain, hitting its strongest level in more than three months, and the Chinese currency was on track for its best week since mid-January. China plans to change the way it calculates the yuan's daily midpoint rate against the dollar, adding a "counter-cyclical adjustment factor" that may blunt...

  • NEW YORK, May 26- Two fossil fuel industry groups dropped their attempts to intervene in a court case over climate change this week after failing to reach an agreement on a unified legal position on climate science, court filings show. The American Petroleum Institute and the National Association of Manufacturers, prominent trade groups in the oil and gas...

  • *Australia selling record volumes of wheat, barley, canola. *But rival Black Sea exports could dent Aus volumes later in year. SINGAPORE/ SYDNEY, May 26- Australia's grain exports have shot to record volumes this year as bumper crops push down prices, but levels may fade towards year-end as rival shipments step up from the Black Sea region.

  • *Spot gold could test resistance at $1,264 per ounce- technicals. May 26- Gold prices held steady after dipping slightly earlier in the session on Friday as Asian stocks eased following an extension of output curbs by OPEC and other producing nations that left investors hoping for bigger cuts disappointed. Spot gold was up 0.1 percent at $1,257.01 per ounce U.S....

  • *OPEC, other producers extend production cut to March 2018. SINGAPORE, May 26- Oil extended falls on Friday after tumbling in the previous session when OPEC and allied producers extended output cuts but disappointed investors betting on longer or larger supply curbs. At Thursday's meeting in Vienna, the Organization of the Petroleum Exporting Countries and...

  • BEIJING, May 26- China's structural reforms will not be enough to arrest its rising debt, and another credit rating downgrade for the country is possible unless it gets its ballooning credit in check, two officials at Moody's ratings agency said on Friday. The comments came days after Moody's Investors Service downgraded China's sovereign ratings on...

  • *China's soy crush margins drop to weakest since Sept 2014. SINGAPORE, May 26- Chicago soybean futures dropped to a more than six-week low on Friday and were poised for a third weekly fall as a deep fall in crude oil prices and plentiful world supplies put pressure on the oilseed. The Chicago Board Of Trade most-active soybean contract has declined 1.8 percent so...