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  • BERLIN, May 24- Strong private consumption and higher construction investment drove a 0.7 percent rise in German gross domestic product in the first quarter, more than offsetting the effects of weaker foreign trade, data showed on Tuesday. The German government's increased spending on refugees and the European Central Bank's ultra-low interest rates were...

  • PARIS, May 24- French bank BNP Paribas plans to close its remaining business in the Cayman Islands, campaign group Attac reported on its website on Tuesday, in the wake of the Panama Papers revelations about tax havens. The report comes a day before BNP Paribas Deputy Chief Operating Officer Jacques d'Estais is due to appear at a French Senate hearing relating to...

  • TOKYO, May 24- Japanese government bond prices were little changed on Monday, staying comfortably near the middle of their recent trading ranges that partly reflected investor uncertainty over domestic economic policies. Investors are on a holding pattern in part due to uncertainty over the domestic policy outlook after Finance Minister Taro Aso said on...

  • RAMALLAH, West Bank— A gated community of villas with well-tended flower gardens near the West Bank town of Ramallah may help explain why Palestinians almost universally believe there is corruption in the government of President Mahmoud Abbas. Nader Said, a veteran pollster, surveyed 1,200 people in the West Bank and Gaza Strip last month.

  • WASHINGTON— A sympathetic House Judiciary Committee is giving a high-profile forum to a top Republican who wants to impeach IRS Commissioner John Koskinen, a cause that excites conservatives but seems unlikely to go far in Congress this election year. "You can't thumb your nose at Congress and expect there to be no consequences," Chaffetz said in an interview...

  • LONDON, May 24- European shares slipped lower on Tuesday, as the prospect of a possible U.S. interest rate increase in coming weeks knocked back global stock markets. The pan-European FTSEurofirst 300 and STOXX 600 indexes both fell 0.5 percent in early session trading. However, shares in French household equipment manufacturer SEB surged 11 percent as...

  • *Sees 105 billion yen quake impact in cameras, sensors. TOKYO, May 24- Japan's Sony Corp on Tuesday forecast operating profit to rise just 2 percent this business year, after the electronics maker partially halted production of its cash-cow image sensors last month to assess quake damage at one of its plants. Sony expects profit of 300 billion yen for the year...

  • SHANGHAI, May 24- China stocks closed lower on Tuesday as resources firms were hit by slumping commodity prices amid worries over China's economic health.

  • TOKYO— Asian stock markets fell in subdued trading Tuesday amid rising expectations the U.S. KEEPING SCORE: Japan's benchmark Nikkei 225 fell 0.9 percent to close at 16,498.76 as the yen continued to strengthen, casting a pall on exporters. Australia's S&P/ASX 200 slipped 0.4 percent to 5,295.60.

  • TOKYO, May 24- Japanese stocks fell on Tuesday as uncertainty on whether Tokyo would intervene to weaken the yen over U.S. objections sapped confidence, while worries over fiscal policy and a pending decision on a sale tax hike sent turnover to its lowest level this year. Appetite for risk was weakened by receding expectations that Japan can act to weaken its...

  • PARIS— French police have dislodged protesters blocking a key fuel depot on the Mediterranean, as gasoline shortages spread around the country amid increasingly tense labor actions. Prime Minister Manuel Valls said on Europe -1 radio that the site was "liberated" after days of blockades. The junior minister for transport, Alain Vidalies, said on i-Tele...

  • SINGAPORE, May 24- Oil prices fell in thin trade on Tuesday as the U.S. dollar strengthened, but losses were curbed by a likely drawdown in U.S. crude and gasoline stockpiles. Brent futures had declined 42 cents to $47.93 a barrel by 0643 GMT, after closing down 37 cents in the previous session. U.S. crude futures dropped 32 cents to $47.76 a barrel, having settled down 33...

  • GENEVA— The Swiss attorney general's office said Tuesday that it has opened criminal proceedings against Swiss bank BSI SA in connection with a probe into suspected embezzlement of a Malaysian state investment fund. Investigations into Malaysia's 1 MDB fund have indicated that $4 billion earmarked for development projects in Malaysia may have been...

  • TOKYO, May 24- Raising Japan's sales tax to 10 percent from 8 percent as planned from April would be the best way to win the trust of international society, unless special circumstances intervene, a close aide to Prime Minister Shinzo Abe said on Tuesday. Deputy Chief Cabinet Secretary Koichi Hagiuda told Reuters in an interview he could not rule out the...

  • SINGAPORE/ ZURICH May 24- Singapore's central bank on Tuesday ordered BSI's operations in the city-state to close down as Switzerland opened criminal proceedings against the private bank based on its investigation into transactions by Malaysia's troubled state fund, 1 MDB. The Monetary Authority of Singapore said it had withdrawn Swiss-based BSI Bank's...

  • BERLIN, May 24- Strong private consumption and higher construction investment drove a 0.7 percent rise in German gross domestic product in the first quarter, more than offsetting weaker foreign trade in Europe's biggest economy, data showed on Tuesday. Confirming a preliminary reading for growth, the Federal Statistics Office said consumer spending and...

  • *Iraq, Nigeria need to repay debts to oil majors with oil. This has crippled the finances of countries such as Angola, Venezuela, Nigeria and Iraq and created a further division within the Organization of the Petroleum Exporting Countries. This year Angola, Nigeria, Iraq, Venezuela and Kurdistan are due to repay a total of between $30 billion and $50 billion with oil,...

  • Chinese iron ore futures traded on the Dalian Commodity Exchange surged by 90 percent from their December low to the peak on April 25. They have since slumped by 25 percent after the Beijing authorities and China's exchanges enacted measures to curb speculative buying. The difference becomes even more stark when looking at prices outside of China's domestic...

  • BAGHDAD, May 24- Iraq's total oil output has reached 4.7 million barrels per day and exports are running at a record 3.9 million bpd, the state-run Iraqi Media Network reported, citing an oil official. The figures are for all of Iraq, including the northern Kurdistan region and Kirkuk, Deputy Oil Minister Fayadh al-Nema said, according to the website.

  • *U.S. confident of rights progress in Vietnam. Obama was due to lay out more of his plan for stronger ties with Vietnam on the second day of his visit, after scrapping an arms ban, the last big hurdle between two countries drawn together by concern over China's military buildup. Washington had for years said a lifting of the ban would require concrete steps by Vietnam...