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  • May 24- U.S. stocks dropped on Thursday after President Donald Trump canceled a planned summit with North Korean leader Kim Jong Un, while a slide in oil prices and bank stocks also weighed as investors grappled with fresh U.S. protectionist plans. Trump on Wednesday ordered a national security probe into car and truck imports that could lead to new tariffs, with...

  • THOOTHUKUDI, India, May 24- India's Tamil Nadu state said on Thursday that it was seeking a permanent closure of a big copper smelter run by London- listed Vedanta Resources after 13 people died in protests demanding the closure of the plant on environmental grounds. "The government's position is very clear, it doesn't want the plant to run," said Sandeep Nanduri, the...

  • LONDON, May 24- Lead hit its highest in nearly three months on Thursday as a plunge in available LME warehouse stocks fed into this week's price rally, while copper eased once again after the previous session's sharp losses. President Donald Trump called off a planned summit with North Korean leader Kim Jong Un. *LEAD PRICES: Three-month lead on the London Metal...

  • ISTANBUL, May 24- Turkey's lira weakened more than 3 percent on Thursday, giving up a large chunk of the gains it made after the central bank raised interest rates by 300 points a day earlier, as investors bet another hike would be needed to tame the sell-off. Its dramatic decline reflects investor concerns about the central bank's ability to tame double-digit...

  • WASHINGTON, May 24- An Uber self-driving vehicle that struck and killed a woman in Arizona in March failed to identify the pedestrian or to brake, raising serious questions about its performance, the U.S. National Transportation Safety Board said in a preliminary report released on Thursday. Uber Technologies Inc, which suspended testing in the aftermath of...

  • WASHINGTON— U.S. sales of existing homes tumbled 2.5 percent in April— with the costs of buying a home jumping and would-be buyers facing a persistent shortage of properties on the market. The National Association of Realtors said Thursday that homes sold last month at a seasonally adjusted annual pace of 5.46 million, down from 5.60 million in February.

  • ATHENS, Greece _ StealthGas Inc. on Thursday reported a first-quarter loss of $5.8 million, after reporting a profit in the same period a year earlier. The Athens, Greece- based company said it had a loss of 14 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • *OPEC, non- OPEC may ease cuts' softly'- Novak. LONDON, May 24- Oil prices recorded their largest one-day drop in two weeks on Thursday, with expectations building that OPEC could wind down an output deal that has been in place since the start of 2017 due to concerns about supplies from Venezuela and Iran. Russian Energy Minister Alexander Novak said production cuts...

  • WASHINGTON, May 24- U.S. home sales dropped more than expected in April as a shortage of properties for sale continued to weigh on the market. The National Association of Realtors said on Thursday that existing home sales fell 2.5 percent to a seasonally adjusted annual rate of 5.46 million units last month. March's sales pace was unrevised.

  • SAO PAULO— A truckers' strike is snarling traffic around Brazil and causing fuel shortages that have forced Rio de Janeiro to reduce the number of buses circulating. Truckers are protesting rising diesel prices, which have been increasing as oil prices rise and Brazil's real falls against the dollar. Thursday is the fourth day that truckers have blocked...

  • With protests crippling highways nationwide, Brazil's lower house of Congress voted on Wednesday to eliminate certain taxes on diesel. The Senate has yet to vote on tax cuts truckers say are needed before they will end protests that threaten grains exports, industrial output and fuel supply at airports and gasoline stations. Brazil's lower house of Congress...

  • *Macron says U.S. and Chinese models are flawed. PARIS, May 24- Europe should set global standards for tougher regulation of digital technology, finding a way between an excessively lax United States and an over-restrictive China, French President Emmanuel Macron said on Thursday. Addressing the bosses of U.S. giants Microsoft and IBM at a Paris technology...

  • May 24- U.S. stocks fell on Thursday after President Donald Trump called off his planned June 12 summit meeting with North Korean leader Kim Jong Un. "Sadly, based on the tremendous anger and open hostility displayed in your most recent statement, I feel it is inappropriate, at this time, to have this long-planned meeting," Trump said in a letter released by the White...

  • NEW YORK, May 24- Best Buy Co Inc, the No. 1 U.S. consumer electronics retailer, posted a deceleration in online sales during the first quarter, sending its shares sliding in pre-market trade, as investors shrugged off strong quarterly sales and earnings performance. Best Buy's Chief Financial Officer Corie Barry said on a call with investors first-quarter online...

  • May 24- Tesla Inc Chief Executive Elon Musk gained the support on Thursday of more than half a million people on Twitter for plans to create a website evaluating journalists' credibility, spurred by his frustration at media reports about the electric car maker. By 9 a.m. ET, 583,000 people had voted on Musk's poll...

  • US 10- YEAR TREASURY YIELDS FALL TO SESSION LOW OF 2.97 PCT AFTER TRUMP CANCELS NORTH KOREA SUMMIT.

  • LONDON— A U.S. cybersecurity company says the hacking group behind a worrying breed of destructive software is operating well beyond the Middle East, raising the possibility that it is laying the groundwork for dangerous cyberattacks around the world. Dragos Inc. said in a blog post Thursday that the group, which it dubs Xenotime, was behind the Trisis brand of...

  • *At 9:31 a.m. ET, the Toronto Stock Exchange's S&P/TSX Composite Index was up 8.81 points, or 0.05 percent, at 16,142.61.

  • NEW YORK— The latest on developments in financial markets:. Stocks are opening on a weak note as falling oil prices pull energy companies lower. Banks are also falling in early trading Thursday as interest rates decline.

  • FRANKFURT, Germany— Automaker Daimler says it is being told to recall models of its Mercedes-Benz Vito delivery van by Germany's motor vehicle authority, which has ruled that the vehicle's diesel emissions controls do not meet legal requirements. Daimler said Thursday it was preparing software updates for the vehicles' engine control systems and would...