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  • ST. PETERSBURG, May 25- OPEC began a discussion about easing production cuts following a critical tweet from U.S. "We pride ourselves as friends of the United States," Barkindo told a panel with Saudi and Russian energy ministers in St. Petersburg at Russia's main economic forum. He also said it wasn't unusual for the United States to put pressure on OPEC as some U.S....

  • *Turkey lira resumes slide, dollar resumes rise. President Donald Trump's decision to cancel a summit with North Korea, though political risk put Italian markets on track for heavy weekly losses. North Korea tensions aside, markets' appetite for risk was kept in check by concern over Italy's president opposing the incoming coalition government's plan to...

  • BRUSSELS, May 25- European Union finance ministers reached an agreement on Friday on reforming bank capital rules, a major step towards boosting the bloc's financial stability and a stepping stone towards a deal on a backstop for its bank-rescue fund in June. "The Council has agreed a general approach on the banking package," said Vladislav Goranov, the Finance...

  • LONDON, May 25- Aluminium rose 1 percent on Friday on lingering supply uncertainties, while lead headed for its biggest weekly increase since January 2017 as investors positioned for a deficit market and after a sharp decline in available stocks. *LEAD PRICES: Three-month lead on the London Metal Exchange was down 0.6 percent at $2,478.50 a tonne by 0945 GMT,...

  • New data and privacy rules are taking effect in Europe Friday. They clarify rights that people have over how companies around the world collect and analyze personal data for targeted advertising and other tasks. The rules are prompting companies to rewrite privacy policies and in some cases, apply the European Union's tougher standards even in the U.S. and...

  • RDIF HEAD DMITRIEV SAYS MAY INVEST IN UNFINISHED REAL ESTATE PROJECTS, NO PLAN TO TAKE BAD DEBT ONTO BALANCE SHEET.

  • WASHINGTON, May 25- Tax experts for global corporations are hot on the trail of loopholes in the sweeping tax law approved in December by President Donald Trump and Republicans in the U.S. Congress. But discussions about ambiguities in the Republican legislation and how to exploit them is well under way in the tax planning industry, with the IRS and Treasury...

  • RUSSIAN WEALTH FUND HEAD SAYS IT WILL BECOME MINORITY SHAREHOLDER IN NEW CENTRAL BANK FUND FOR NON-CORE BANK ASSETS.

  • LONDON, May 25- Gold prices steadied on Friday after breaking above $1,300 an ounce in the previous session when U.S. President Donald Trump called off a meeting with North Korean leader Kim Jong Un, fanning political tensions. Spot gold was flat at $1,304.84 an ounce at 0944 GMT.

  • ST PETERSBURG, May 25- Russia's RDIF sovereign wealth fund intends to co-invest in new Russian infrastructure projects to help realize plans set out by Vladimir Putin at the start of his fourth presidential term, Kirill Dmitriev, RDIF's head, told Reuters. Putin has said he wants to make upgrading Russia's often degraded infrastructure one of the priorities of...

  • LONDON— The Latest on the European Union's new data privacy law:. The Los Angeles is freezing readers in parts of Europe out of its website as new privacy rules come into force across the European Union. Web users in Germany who visited the site Friday got a notice saying the L.A.

  • LONDON, May 25- The pound traded near a five-month low of $1.33 on Friday, hindered by worries over Brexit and further signs of sustained weakness in Britain's economy. Markets have drastically scaled back expectations for when and how much the Bank of England will raise interest rates, as British economic growth slows, which the central bank has partly...

  • BERLIN, May 25- Volkswagen Chief Executive Herbert Diess is hopeful that diplomacy can help defuse trade tensions with the United States which is exploring putting tariffs on auto imports. The Volkswagen CEO, who was promoted to the top job only last month, is part of a German business delegation accompanying Chancellor Angela Merkel on a trip to China.

  • LONDON— Lars Andersen's business handles some of the most sensitive data there is— the names and phone numbers of children. The owner of London- based My Nametags, which makes personalized nametags to iron into children's clothing, says protecting that information is fundamental to his business, which operates in 130 countries. Pottery Barn, an arm of San...

  • BUDAPEST, May 25- Central European markets took a breather on Friday after a recovery in bond prices in the previous session, with the main currencies rebounding from multi-month lows set in early trade. Its rally and a rise in U.S. 10- year yields this month have caused a sell-off in emerging markets, which also engulfed Central Europe's fast-growing and mostly...

  • BRUSSELS, May 25- European Union finance ministers reached on Friday an agreement on reforming bank capital rules, a major step to boost the bloc's financial stability and to agree on a backstop for its bank-rescue fund in June, officials said. The deal came after 18 months of heated debates among the 28 EU governments on how to apply new global bank capital rules...

  • EU FINANCE MINISTERS REACH DEAL ON OVERHAUL OF BANKING CAPITAL RULES, TOP OFFICIAL SAYS.

  • *U.S. tariffs, U.S. exit from Iran deal are risks. BERLIN, May 25- German business confidence held steady in May after falling for five straight months, a survey showed on Friday, suggesting company executives in Europe's biggest economy are keeping their cool despite the possibility of a global trade war. The Munich- based Ifo economic institute said its business...

  • *U.S. tariffs, U.S. exit from Iran deal are risks. BERLIN, May 25- German business confidence held steady in May after falling for five straight months, a survey showed on Friday, suggesting company executives in Europe's biggest economy are keeping their cool despite the possibility of a global trade war. The Munich- based Ifo economic institute said its business...

  • President Donald Trump called off a key summit, but Turkey's lira laid low following its worst week since 2009.. MSCI's benchmark emerging equities index rose 0.3 percent, but was set to end the week up just 0.2 percent after new protectionist threats from the United States and an about-turn from Trump on North Korea knocked sentiment. Turkey's lira also made...