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  • BEIRUT, June 22- Lebanon requires "an immediate and substantial" fiscal adjustment to improve the sustainability of public debt that stood at more than 150 percent of gross domestic product at the end of 2017, the IMF executive board said. An IMF statement released overnight said IMF executive directors agreed with the thrust of a staff appraisal which in...

  • BEIJING, June 22- Armed with interactive online courses, generous funding and new dedicated research institutes, China's universities are on the frontlines of an effort to promote the thinking of President Xi Jinping to China and the world. Since October, many universities across China have placed "Xi Thought" at the core of their curricula the first time since...

  • *OPEC is meeting in Vienna on Friday to discuss output. The Organization of the Petroleum Exporting Countries is meeting in Vienna together with non- OPEC oil producers to discuss output policy. Saudi Arabia and Russia want to raise output, but some other OPEC members, including Iran, have opposed this.

  • LONDON, June 22- The euro climbed half a percent on Friday after stronger than expected French business activity in June raised hopes that concerns about a widening slowdown in the eurozone in the second quarter may be slightly overdone. With Germany flash services PMI data also beating forecasts, the single currency rose to the day's highs at $1.1674.

  • LONDON, June 22- Italy's borrowing costs fell on Friday as the government bond market regained its footing after a sharp selloff the previous session, although sentiment remained fragile. Claudio Borghi, the president of the lower house budget committee, said in a newspaper interview on Friday that Italy's exit from the single currency would solve many of the...

  • LONDON— Aviation giant Airbus has threatened to leave Britain if the country leaves the European Union without an agreement on future trading relations. The company, which employs about 14,000 people at 25 sites in the U.K., says it will "reconsider its long-term footprint in the country" if there is no deal. Tom Williams, chief operating officer of Airbus...

  • *To start off with 2 stores in Paris later this month. PARIS, June 22- French supermarket retailer Casino and beauty products group L'Oreal have teamed up to launch new beauty stores in Paris, in a further sign of retailers' attempts to win over customers in the face of competition from online rivals. The first two outlets will open later this month in the 9th and 6th...

  • BOSTON, June 21- The head of a company that distributes marine-related products was arrested on Thursday on U.S. charges that he conspired with an entity affiliated with China's armed forces to export devices to that country that could be used in anti-submarine warfare. The complaint said Qin, a lawful permanent resident of the United States since 2014, runs...

  • LONDON, June 22- Strong financials stocks and better-than-expected French economic data helped drive a timid relief bounce in European shares at the end of a tumultuous week marred by trade war worries. The pan-European STOXX 600 and its euro zone counterpart were set for their biggest weekly loss in three months as the realities of rising global...

  • BUDAPEST, June 22- Hungary's forint regained some ground in early trade on Friday as the region's other currencies also firmed, but it still hovered close to an all-time low versus the euro hit in 2015. "I think we will eventually hit the all-time high... and then afterwards we will calm down as we head into summer," a dealer in Budapest said. A flattening of the yield curve...

  • SEOUL, South Korea— Asian stocks were mixed Friday as investors were still wary over trade disputes between China and the U.S. as well as between the U.S. and Europe that could hurt corporate profit and jobs. KEEPING SCORE: Japan's Nikkei 225 lost 0.8 percent to 22,516.83 while Hong Kong's Hang Seng index edged up 0.2 percent to 29,355.52. Stocks in Taiwan, Singapore...

  • SINGAPORE, June 22- Copper prices ticked higher on Friday, but were poised for a second week of decline on fears that a trade conflict between Washington and Beijing would hit demand in China, the top consumer of industrial metals. Three-month copper on the London Metal Exchange had risen 0.4 percent to $6,814 a tonne by 0713 GMT, while the most-traded copper...

  • *BOJ tankan due at 2350 GMT on July 1. TOKYO, June 22- Business confidence among big Japanese manufacturers was expected to decline for a second straight quarter in June as higher costs, an export slowdown, and U.S. trade activism heightened corporate caution. "Corporate earnings are on a rising trend thanks to recovery in the domestic and overseas economies," said...

  • *Shanghai stocks higher, blue-chip CSI300 index up. *Gains in Shanghai led by Aurora Optoelectronics. SHANGHAI, June 22- China stocks managed to end higher on Friday, but posted their worst weekly loss since early February, as lingering concerns over a potential full-blown trade war between China and the United States dampened investor sentiment.

  • *OPEC has history of agreeing deals without Iran. VIENNA, June 22- OPEC will seek agreement on Friday to raise oil production despite opposition from Iran, which has threatened to block the move as it faces export-crippling U.S. sanctions. Iran, OPEC's third-largest producer, has so far been the main barrier to a deal as it called on OPEC to reject pressure from U.S.

  • *Turkey heads to polls on Sunday in crucial votes. LONDON, June 21- Turkey heads to the polls on Sunday to vote in parliamentary and presidential elections, with President Tayyip Erdogan widely expected to be re-elected to an office that will be given sweeping new executive powers. Below are five charts that illustrate the recent selloff and foreign investors'...

  • *Spot gold still targets $1,258/ oz- technicals. In the prior session, bullion touched $1,260.84, its lowest since Dec. 19, 2017. Gold has rebounded a little bit from the lower side due to the weakness in the dollar, said Ronald Leung, chief dealer at Lee Cheong Gold Dealers in Hong Kong.

  • *Najib: People expect a former PM to be "treated with decorum". *Najib says never in "wildest dreams" did he expect police raids. LANGKAWI/ KUALA LUMPUR, Malaysia, June 22- The police kept watch close to a holiday villa where Najib Razak this week gave his first sit-down interview since his shock election defeat last month, a reminder for the former Malaysian prime...

  • *OPEC, Russia meet in Vienna on Friday to discuss output. SINGAPORE, June 22- Oil prices rose by more than 1 percent on Friday, lifted by uncertainty over whether OPEC would manage to agree a production increase at a meeting in Vienna later in the day. The Organization of the Petroleum Exporting Countries, a producer cartel with top exporter Saudi Arabia as the de...

  • SAN FRANCISCO, June 21- Police in Tempe, Arizona said evidence showed the "safety" driver behind the wheel of a self-driving Uber was distracted and streaming a television show on her phone right up until about the time of a fatal accident in March, deeming the crash that rocked the nascent industry "entirely avoidable." A 318- page report from the Tempe Police...