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  • SHANGHAI, May 28- China and Hong Kong stocks climbed on Monday, on signs the United States and North Korea were still working towards holding a summit. **Sentiment was also aided as worries eased over the trade tensions between China and the United States, after U.S. reached a deal to keep China's ZTE in business. **Chinese Vice President Wang Qishan said on Friday there...

  • SEOUL, South Korea— South Korean police have summoned the wife of Korean Air Chairman Cho Yang- ho to question her about allegations she abused and assaulted employees. Lee Myung- hee has been accused of physically or verbally abusing more than 10 former and current employees of Cho's Hanjin conglomerate, the parent of Korean Air. Lee's eldest daughter, Cho Hyun- ah,...

  • WASHINGTON— President Donald Trump has warned Congress that he will never sign another foot-tall, $1 trillion- plus government-wide spending bill like the one he did in March. But Capitol Hill's dysfunction is so pervasive that even the most optimistic predictions are for only a handful of the 12 annual spending bills to make it into law by Oct. 1, the start of the...

  • TOKYO, May 28- Japanese government bond prices rose on Monday, tracking gains by U.S. Treasuries as political turmoil in the euro zone enhanced demand for safe-haven debt. Treasury yields fell to three-week lows on Friday as concerns about Italy's new government and a leadership challenge in Spain boosted demand for low-risk government bonds.

  • HONG KONG— Shares were mostly higher in Asia on Monday as investors digested the latest developments regarding North Korea and Italian politics. KEEPING SCORE: Japan's benchmark Nikkei 225 index was nearly flat at 22,445.27 while South Korea's Kospi rose 0.8 percent to 2,480.92. NORTH KOREA: President Donald Trump's latest reversal on a summit with North...

  • BENGALURU, May 28- Gold prices fell on Monday on revived hopes of a U.S.- North Korea summit, while a strong dollar also weighed on the market. "It looks like there is some chance of a meeting between the U.S. and North Korea leaders, that would lower the geopolitical risks and lessen the appeal of gold," said John Sharma, an economist with National Australia Bank, adding...

  • *Euro off low but vulnerable to political worries in Italy, Spain. TOKYO, May 28- U.S. oil futures hit six-week lows on expectations major producers may ease output curbs on Monday, while Asian stocks and U.S. share futures gained on signs the United States and North Korea were still working towards holding a summit. His comments came after the energy ministers of...

  • *Trading subdued, with U.S, UK markets closed for holidays. TOKYO, May 28- Japanese shares gave up initial gains on Monday as a further slide in oil prices pulled down energy-related stocks, offsetting renewed hopes of a U.S.- North Korea summit next month. Although the Nikkei had opened higher on optimism that the historic summit meeting between United States and...

  • LAUNCESTON, Australia, May 28- The slack period for liquefied natural gas in top consumer Asia is usually the shoulder season between winter and summer, or March to May, but this pattern hasn't really repeated this year. The spot price of the super-chilled fuel in Asia has been on a rising trend since the beginning of April, and hit $9.20 per million British thermal...

  • *Italy president vetoes single currency critic as econmin. But the euro's bounce was limited as an early election in Italy looked inevitable as the far-right League and anti-establishment 5- Star Movement abandoned plans to forge an alliance after their choice of economy minister was vetoed. "The League and 5- Star Movement parties could expand their...

  • SAO PAULO, May 27- Brazil's President Michel Temer announced late on Sunday new measures to reduce operating costs for truckers in a bid to end a week-long protest that has severely hampered the flow of food, fuel and key exports in Latin America's largest economy. Brazil is a global leader in commodities exports and industry groups said they expected delays in...

  • MANILA, May 28- Chinese lead futures retreated on Monday from their strongest level in nearly eight months, tracking losses in London in the prior session, as investors cashed in on the recent sharp gains. The most-traded lead contract on the Shanghai Futures Exchange was down 1.1 percent at 19,870 yuan a tonne by 0150 GMT. *CHINA DATA: Profits earned by Chinese...

  • U.S. CRUDE OIL FUTURES DOWN BY MORE THAN $2 TO $65.82 PER BARREL.

  • *Saudi Arabia, Russia set to raise supplies by 1 million bpd. SINGAPORE, May 28- Oil prices fell on Monday, extending a steep decline in the previous session, as the market eyed an increase in output from the world's three top crude producers, Russia, the United States and Saudi Arabia. The Organization of the Petroleum Exporting Countries, as well as top producer but...

  • CRUDE OIL FUTURES TUMBLE BY MORE THAN 2 PCT TO $66.30 PER BARREL AS U.S.

  • BRENT CRUDE OIL FUTURES FALL BY MORE THAN 1 PCT TO $75.38 PER BARREL AFTER SAUDI ARABIA, RUSSIA SAY THEY MIGHT INCREASE SUPPLIES.

  • BEIJING, May 27- Profits earned by Chinese industrial firms in April rose at their fastest pace in six months, data from the National Bureau of Statistics showed on Sunday, as factories benefited from higher prices and strong demand. The data suggests China's industrial sector is still seeing solid growth momentum despite curbs on pollution and rocky trade...

  • President Donald Trump revived hopes of his summit with North Korean leader Kim Jong- un, after canceling the meeting last week. *Donald Trump said on Sunday that a U.S. team had arrived in North Korea to prepare for a proposed summit between him and Kim Jong Un, which Trump pulled out of last week before reconsidering. Commerce Secretary Wilbur Ross will visit China...

  • *Euro off low but vulnerable to political worries in Italy, Spain. *Oil falls on expectations OPEC will ease output curbs. TOKYO, May 28- U.S. stock futures rose on Monday on signs that the United States and North Korea are still working towards holding a summit next month, while oil prices extended losses on expectations of more supply from major producers.

  • *Recovery limited with political turmoil in Italy set to deepen. TOKYO, May 28- The euro crawled off a 6-1/ 2- month low against the dollar on Monday, catching its breath after last week's steep decline, although broader concerns about political turmoil in Italy limited the currency's recovery. But fundamentally, it is still a' sell' for the currency, "said Junichi...