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  • LONDON, May 23- Sterling fell to a fresh five-month low on Wednesday as investors awaited key inflation data that could help decide if the Bank of England raises interest rates this year. Sterling slumped half a percent to $1.3372, its lowest since Dec. 27, before trimming some of its losses. Foreign minister Boris Johnson said Britain must ditch the European...

  • LONDON, May 23- Sterling fell to a fresh five-month low on Wednesday as investors awaited key inflation data that could help decide if the Bank of England raises interest rates this year. Sterling slumped half a percent to $1.3372, its lowest since Dec. 27, before trimming some of its losses. Foreign minister Boris Johnson said Britain must ditch the European...

  • RIYADH, May 23- Dubai markets edged lower in early trading on Wednesday as investors took profit from a two-day rally, while petrochemical stocks took a hit from easing oil prices and pushed the Saudi market into a weaker territory. The Dubai index shed 0.1 percent on Wednesday, with Emirates NBD losing 1.9 percent, reversing nearly 7 percent gains a day earlier...

  • TOKYO— Asian indexes mostly slipped Wednesday amid continuing worries about North Korea after the perk from the easing of U.S.- China trade tensions faded. KEEPING SCORE: Japan's benchmark Nikkei 225 dipped 1.2 percent to finish at 22,689.74, while Australia's S&P/ASX 200 fell 0.2 percent at 6,032.50. NORTH KOREA: President Donald Trump suggested that the...

  • BEIJING/ SINGAPORE, May 23- China's state grain stockpiler Sinograin has been enquiring about the prices of soybeans from the United States this week, two traders with knowledge of the matter said, a sign Beijing may resume purchases as trade tensions ease. The renewed interest in the oilseed, used in animal feed, follows Beijing's pledge at the weekend to buy more...

  • *Books 321 mln stg charge for store closures. LONDON, May 23- Marks& Spencer said on Wednesday it needs to modernise urgently to survive after a second straight annual profit fall and a 321 million pound charge for a store closure programme. In November, two months after retail veteran Archie Norman joined as chairman, M&S detailed a five-year programme of store...

  • OSLO, May 23- China's Qumei Home Furnishing Group on Tuesday made an all-cash bid for Norway's Ekornes, valuing the Oslo- listed furniture maker at 5.1 billion Norwegian crowns, the companies said in a joint statement. The board of Ekornes unanimously recommended the bid of 139 Norwegian crowns per share, a premium of 18 percent above Wednesday's close.

  • BERLIN, May 23- Driven by the prospect of Britain's withdrawal from the European Union next year, the number of British passport holders who became German citizens jumped by 162 percent last year, Germany's Federal Statistics Office said on Wednesday. With no Brexit deal yet in sight, despite a leaving date of March 2019, many Britons are worried they will lose the...

  • LONDON, May 23- Euro zone bond yields were broadly lower on Tuesday as French business activity slowed more than expected in May, while Italy's bonds steadied after a week of turmoil on the prospects of a spendthrift coalition government taking shape in Rome. Most 10- year bond yields in the bloc were down 2-3 basis points after the data from France reinforced...

  • BERLIN, May 23- Driven by the prospect of Britain's withdrawal from the European Union next year, the number of British passport holders who became German citizens jumped by 162 percent last year, Germany's Federal Statistics Office said on Wednesday. With no Brexit deal yet in sight, despite a leaving date of March 2019, many Britons are worried they will lose the...

  • BEIJING, May 23- China's state grain stockpiler Sinograin has been enquiring about the prices of U.S. soybeans this week, two traders with knowledge of the matter said, a sign that Beijing is preparing to resume purchases of the U.S. oilseed as trade tensions between the world's top two economies ease. The traders declined to be named as they are not authorised to...

  • *Gains in Shanghai stocks led by Guangdong Dcenti Auto-Parts Stock Ltd Co and losses by Inly Media Co Ltd. SHANGHAI, May 23- China stocks fell the most in a month on Wednesday, dragged by a slump in coal miners as Beijing intervened to cool the red-hot coal market. ** "The trade tensions between China and the United States have eased somewhat, though it's very unlikely to...

  • *Rosneft wary of Beijing backlash for drilling of Vietnam block. HANOI/ HONG KONG, May 23- Some oil blocks off Vietnam's sprawling coastline fall within an area of the South China Sea demarcated by China's "nine-dash line", the basis for Beijing's controversial claims to most of the resource-rich waterway. That prompted Vietnam's foreign ministry to assert the...

  • Spot gold was 0.1 percent lower at $1,289.71 per. percent at $1,289.40 per ounce. "We were quite steady this morning, but are running out of steam with dollar being quite firm," a Hong Kong- based trader said.

  • MELBOURNE/ JAKARTA, May 23- Global miner Rio Tinto Ltd confirmed on Wednesday it was in discussions to sell its interest in the world's second largest copper mine to Indonesia's state mining holding company Inalum. Discussions with Inalum and miner Freeport were ongoing, Rio Tinto said in a statement, "including as to price," noting reports of a potential $3.5...

  • *Rosneft wary of Beijing backlash for drilling of Vietnam block. HANOI/ HONG KONG, May 23- Some oil blocks off Vietnam's sprawling coastline fall within an area of the South China Sea demarcated by China's "nine-dash line," the basis for Beijing's controversial claims to most of the resource-rich waterway. That prompted Vietnam's foreign ministry to assert the...

  • BEIJING, May 23- Tesla Inc has slashed up to $14,000 off its Model X in China after Beijing announced major tariff cuts for imported automobiles, a potential sales boost for the U.S. firm as the world's largest auto market pivots towards electric cars. Tesla said on Tuesday that any of its cars sold in China would be subject to adjusted prices, even before the tariff...

  • MELBOURNE/ JAKARTA, May 23- Global miner Rio Tinto Ltd confirmed on Wednesday it was in discussions to sell its interest in the world's second largest copper mine to Indonesia's state mining holding company Inalum. Discussions with Inalum and miner Freeport were ongoing, Rio Tinto said in a statement, "including as to price," noting reports of a potential $3.5...

  • SINGAPORE/ HANOI, May 23- Bui Mai Phuong is an avid online shopper, ordering anything from clothing to personal-care products from her smartphone. "I have never tried using mobile payments because I don't know how to use it and it seems a bit complicated to use," said Phuong, 36, a manager at a construction material supplier in Vietnam. Mobile payments are ubiquitous...

  • SINGAPORE/ HANOI, May 23- Bui Mai Phuong is an avid online shopper, ordering anything from clothing to personal-care products from her smartphone. "I have never tried using mobile payments because I don't know how to use it and it seems a bit complicated to use," said Phuong, 36, a manager at a construction material supplier in Vietnam. Mobile payments are ubiquitous...