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Wires

  • LONDON, June 27- Oil prices rose for a fourth consecutive session on Tuesday boosted by a weaker dollar and investors covering short positions, but worries over persistent oversupply capped gains. Brent crude futures, the international benchmark for oil prices, had gained 25 cents to $46.08 per barrel by 0901 GMT. West Texas Intermediate crude futures were up 23...

  • SINTRA, Portugal, June 27- The European Central Bank should adjust policy only gradually as the euro zone still needs "considerable" monetary support despite a stronger recovery in growth and inflation, ECB President Mario Draghi said on Tuesday. "As the economy continues to recover, a constant policy stance will become more accommodative, and the central bank...

  • LONDON, June 27- Emerging market equities hovered near two-week highs on Tuesday, underpinned by rising oil prices, solid Chinese industrial profits and a flat dollar, which also allowed the rand and the lira to firm. Federal Reserve chair Janet Yellen would restate the case for a third 2017 interest rate rise when she speaks in London later.

  • The White House is launching its "energy week" with a series of events focused on jobs and boosting U.S. global influence. The previous weeks were largely overshadowed by ongoing probes into whether Trump campaign officials colluded with Russia to influence the 2016 election, as well as scrutiny over Trump's firing of James Comey as FBI director.

  • *Briefing follows request last year for details on contract terms.

  • *Ubisoft shares up around 50 pct so far in 2017. *Vivendi has been raising stake in firm. PARIS, June 27- France's Guillemot family has raised its stake in videogames maker Ubisoft, according to a stock market filing released on Tuesday, as part of their ongoing battle to fend off Vivendi's rival interest in the company.

  • *Yellen due to speak in London on Tuesday. *Spot gold may retrace toward $1,172 in three months- technicals. Yellen is scheduled to take part in a discussion on global economic issues at London's British Academy.

  • FRANKFURT, Germany— European Central Bank head Mario Draghi says the bank's stimulus efforts need to be "persistent" even as the economy recovers and that any scaling back of support has to come gradually. Draghi's said in a speech Tuesday at a conference in Sintra, Portugal, that "there are strong grounds for prudence" in adjusting the level of stimulus and that any...

  • LONDON, June 27- Sterling inched higher against the dollar on Tuesday ahead of the Bank of England's Financial Stability Report, looked to for moves to cool areas of credit that might help policymakers hold off for longer with any rise in interest rates. Sterling inched 0.2 percent higher to $1.2742 in morning trade in London, but was 0.4 percent weaker against a...

  • LONDON, June 27- Sterling inched higher against the dollar on Tuesday ahead of the Bank of England's Financial Stability Report, looked to for moves to cool areas of credit that might help policymakers hold off for longer with any rise in interest rates. Sterling inched 0.2 percent higher to $1.2742 in morning trade in London, but was 0.4 percent weaker against a...

  • LONDON, June 27- Sterling inched higher against the dollar on Tuesday ahead of the Bank of England's Financial Stability Report, looked to for moves to cool areas of credit that might help policymakers hold off for longer with any rise in interest rates. Sterling inched 0.2 percent higher to $1.2742 in morning trade in London, but was 0.4 percent weaker against a...

  • LONDON, June 27- Sterling inched higher against the dollar on Tuesday ahead of the Bank of England's Financial Stability Report, looked to for moves to cool areas of credit that might help policymakers hold off for longer with any rise in interest rates. Sterling inched 0.2 percent higher to $1.2742 in morning trade in London, but was 0.4 percent weaker against a...

  • BERLIN, June 27- The German transport ministry announced plans on Tuesday to set up a new institute to test vehicle emissions to try to restore consumer confidence after the Volkswagen scandal. Volkswagen's 2015 admission that it used software to cheat U.S. diesel emission tests highlighted the laxness of the European Union's own tests, which are currently...

  • *FTSE 100 edges lower as Europe falls. LONDON, June 27- Stalling auto stocks and a weak travel and leisure sector weighed on Britain's FTSE, while updates from Carpetright and Debenhams gave conflicting pictures of the health of British consumers as inflationary pressures start to bite. The FTSE 100 was down 0.4 percent by 0820 GMT, erasing all the previous...

  • TOKYO, June 27- Nomura Holdings Inc said on Tuesday it is applying for a license to operate a new entity in Frankfurt, as Japan's largest brokerage group prepares for Britain's exit from the European Union. Nomura said in a statement it would be prepared to provide uninterrupted service to clients by the time of Britain's exit from the bloc, regardless of the final...

  • LONDON, June 27- Commodity-related shares rebounded on the back of firmer oil and metals prices, helping to limit losses in other sectors, while the dollar eased in anticipation of a possible hint from the Federal Reserve on the timing of an expected rate hike. The Fed's Chair Janet Yellen is scheduled to take part in a discussion in London later on Tuesday.

  • TOKYO, June 27- Japanese stocks edged towards two-year highs on Tuesday as exporters benefited from dollar strength, with investors expecting comments from Federal Reserve Chair Janet Yellen to support the Fed's projection for one more interest rate rise this year. Spreadbetters expected a slightly higher open for Britain's FTSE, Germany's DAX and...

  • June 27- Hong Kong stocks dipped on Tuesday, as any optimism from solid China industrial profit data was offset by the sour mood from a tumble in the growth enterprise market for start-ups due to worries over potential policy changes. Over a dozen small-caps lost over 50 percent on Tuesday- some tumbling over 90 percent- amid speculation the Hong Kong stock...

  • Romania's president named economy minister Mihai Tudose as premier on Monday, clearing the way for a new leftist-led government to be formed by the end of this week. Shares in Polish state-run refiner PKN Orlen fell 2.35 percent by 0812 GMT, underperforming the wider Warsaw index, after the company said long-serving Chief Financial Officer Slawomir...

  • JOHANNESBURG, June 27- South African telecommunications firm Blue Label Telecoms said on Tuesday it would buy a mobile device supplier for 1.9 billion rand to expand its existing business in that field. Blue Label, the largest distributor of pre-paid voice and data airtime in South Africa, said it would buy shares in unlisted 3 G Mobile Proprietary Limited in...