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  • Athens

    Greece and its foreign creditors reached a deal early on Tuesday on a package of bailout-mandated reforms, Greek Finance Minister Euclid Tsakalotos said.

  • Oil exporters in the Middle East will see their budget deficits shrink as austerity, taxes and stable oil prices begin to take effect, the IMF told CNBC.

  • ATHENS, May 2- Greece and its foreign creditors reached a deal early on Tuesday on a package of bailout-mandated reforms, Greek Finance Minister Euclid Tsakalotos said, paving the way for the disbursement of further rescue funds. Talks on the deal, which includes labour and energy reforms as well as pension cuts and tax rises, had dragged on for half a year mainly...

  • TOKYO, May 2- Oil prices edged down on Tuesday, as a recovery in Libyan output and rising U.S. supplies raised worries that OPEC- led production cuts may not significantly tighten a bloated market. London Brent crude for July delivery was down 6 cents, or 0.1 percent, at $51.46 by 0227 GMT, after settling down 53 cents on Monday. The Organization of the Petroleum...

  • *Tech-led rally on Wall Street lifts sentiment. TOKYO, May 2- Japan's Nikkei share average rose to six-week highs on Tuesday in a holiday-shortened week, getting a lift from robust earnings and gains on Wall Street. "Trading today, as well as yesterday, is muted, due to the holidays," said Stefan Worrall, director of Japan equity sales at Credit Suisse in Tokyo.

  • TOKYO- Bank of Japan will release the minutes of its March monetary policy meeting. YOKOHAMA, Japan Bank of Japan Governor Haruhiko Kuroda, Asian Development Bank President Takehiko Nakao will speak at Global Think Tank Summit ahead of ADB's annual meeting in Yokohama. OSLO- Norges Bank Governor Oystein Olsen and Chief Executive Officer Yngve Slyngstad...

  • TOKYO- Bank of Japan will release the minutes of its March monetary policy meeting. YOKOHAMA, Japan Bank of Japan Governor Haruhiko Kuroda, Asian Development Bank President Takehiko Nakao will speak at Global Think Tank Summit ahead of ADB's annual meeting in Yokohama. OSLO- Norges Bank Governor Oystein Olsen and Chief Executive Officer Yngve Slyngstad...

  • "Semiconductor companies, and, particularly, one that's trying to turn around and become profitable, trades on gross margin and I think there's concern," Stifel analyst Kevin Cassidy said. AMD launched a few of its Ryzen range of desktop processors in the first quarter and plans to unveil its Naples chips targeting the server market in the second quarter.

  • *Light trading as Europe, other markets close for May Day. NEW YORK, May 1- Shares of the largest U.S. companies hit record highs on Monday, lifting Wall Street and a gauge of key world equity indexes, while data on U.S. drilling and output kept downward pressure on oil prices. Global trading was light, with some markets in Europe and Latin America closed for the May Day...

  • Government bond markets sell off, bond rout continues German bund

    U.S. bond prices fell on Monday after a deal was reached to fund the government avoiding a shutdown.

  • NEW YORK, May 1- The U.S. dollar rose against the yen on Monday after investors shrugged off weak U.S. factory activity and inflation data on the view that it was unlikely to impede a June interest rate increase from the Federal Reserve. The personal consumption expenditures price index excluding food and energy slipped 0.1 percent in March, the first and largest...

  • *Markets closed for holiday in much of Asia, Europe. NEW YORK, May 1- Gold prices fell 1 percent to a three-week low on Monday, pressured by rising U.S. stocks and an agreement that averted a U.S. government shutdown, dampening demand for non-interest paying bullion. "Risk appetite isn't collapsing here," said Bart Melek, head of commodity strategy for TD Securities in...

  • *Police in Paris fire tear gas during May Day protests. PARIS, May 1- Centrist presidential frontrunner Emmanuel Macron and his far-right rival Marine Le Pen attacked each other's visions of France and the role it should play in Europe on Monday against a background of May Day rallies and protests. Macron sought for a third successive day to paint National Front...

  • *Oil supported by OPEC- led output cuts, possible extension. NEW YORK, May 1- Oil slipped 1 percent on Monday as rising crude output on Libya and the United States countered OPEC- led production cuts aimed at clearing a supply glut. 53 cents to $51.52 a barrel, while U.S. crude for June dropped 49 cents, or 1 percent, to $48.84 a barrel.

  • BOSTON, May 1- The French parent of asset manager AllianceBernstein fired its longtime leader Peter Kraus, replacing him with a new chief executive and and new chairman, and overhauled the firm's board, according to a filing Monday that offered little explanation for the unexpected changes. New York- based AllianceBernstein, which is 64 percent owned by...

  • PARIS, May 1- Centrist French presidential frontrunner Emmanuel Macron on Monday rejected calls from the left to amend the pro-business reforms in his electoral program. "These changes are essential to prevent the National Front from becoming stronger in five years' time," he added. In a message of conciliation to voters concerned about globalization, however,...

  • PARIS, May 1- Centrist French presidential frontrunner Emmanuel Macron on Monday rejected calls from the left to amend the pro-business reforms in his electoral programme. "These changes are essential to prevent the National Front from becoming stronger in five years' time," he added. In a message of conciliation to voters concerned about globalisation,...

  • *Light trading as Europe, other markets close for May Day. NEW YORK, May 1- Apple shares hit a record high on Monday, lifting U.S. stocks and a gauge of key world equity indexes, while data on U.S. drilling and output kept downward pressure on oil prices. Global trading was light, with some markets in Europe and Latin America closed for the May Day holiday, while Japan was...

  • Libya output highest since 2014. *Oil supported by OPEC- led output cuts, possible extension. NEW YORK, May 1- Oil slipped more than 1 percent on Monday, as rising crude output with Libya hitting its highest production since 2014 and increased U.S. drilling countered OPEC- led production cuts aimed at clearing a supply glut.

  • *Libya output highest since 2014. *Oil supported by OPEC- led output cuts, possible extension. NEW YORK, May 1- Oil edged slipped more than 1 percent on Monday, as rising crude output with Libya hitting its highest production since 2014 and increased U.S. drilling countered OPEC- led production cuts aimed at clearing a supply glut.