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  • LONDON— Businesses from pizza parlors to airlines across the EU's 28 countries are rushing to comply with the bloc's new rules on data privacy, which takes effect May 25. While much of the attention has focused on how technology giants like Facebook and Google will comply with the rules, businesses are learning firsthand that they apply to any firm, large or small,...

  • BRUSSELS— Facebook CEO Mark Zuckerberg has agreed to have his meeting Tuesday with the leaders of the European parliament about data privacy be broadcast publicly through web streaming. The evening meeting with leaders of the political groups and a justice and civil rights expert was long expected to be private. European Parliament President Antonio...

  • BEIJING, May 21- China on Monday praised a significant dialing back of trade tension with the United States, with the government saying agreement was in the interests of both countries while state media trumpeted what it saw as China's refusal to surrender. The previous day, Beijing and Washington said they would keep talking about measures under which China...

  • May 21- Australia's BWX Ltd, a marketer of branded skin and hair care products, said on Monday it received an unsolicited takeover offer from two of its senior executives and Bain Capital, valuing the company at A $803 million. The offer from Chief Executive Officer John Humble, Finance Director Aaron Finlay and Bain Capital is conditional upon a unanimous...

  • ISTANBUL, May 21- The Turkish lira weakened to a record low beyond 4.55 to the dollar on Monday, hit by a surging greenback and concerns about the central bank's ability to rein in double-digit inflation and President Tayyip Erdogan's influence over monetary policy. Investors have been particularly unnerved by Erdogan's comments last week, made during a visit...

  • *FTSE 100 up 0.8 pct at record high. LONDON, May 21- Britain's FTSE 100 notched up a fresh record high on Monday, rising strongly as an easing in Sino-U.S. trade tensions and a strengthening dollar gave more fuel to the internationally-exposed index. "I don't think sentiment has changed towards the UK stock market dramatically over the last 2 to 6 months," said James...

  • WELLINGTON, Fla. _ KLX Inc. on Monday reported fiscal first-quarter earnings of $31.7 million. On a per-share basis, the Wellington, Florida- based company said it had profit of 62 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • *U.S., China drop tariff threats amid work on wider deal. *Oil markets tight on OPEC- cuts, looming U.S. sanctions vs Iran. LONDON, May 21- Oil rose on Monday, lifted by a rally across stocks and other commodities, after the United States said it had put a possible trade war with China "on hold".

  • TOKYO, May 21- Japan received its first shipment of liquefied natural gas on Monday from Dominion Energy Inc's newly completed Cove Point export plant, the beginning of a jump in imports from the United States by the world's biggest buyer of the fuel. A ramp-up of purchases now by Japan may draw some of the sting from President Donald Trump's criticisms of the...

  • SHANGHAI, May 21- China's yuan fell to a nearly four-month low against the U.S. dollar at the official close of domestic trading on Monday afternoon, dragged lower by an extended rally in the greenback. Treasury Secretary Steven Mnuchin said trade war with China is "on hold." The spot market opened at 6.3788 per dollar, eased to a low of 6.3941 at one point before...

  • JOHANNESBURG, May 21- South Africa's Barloworld Ltd, a dealer for Caterpillar Inc and other industrial brands, reported a 14 percent rise in first-half earnings on Monday as a pick-up in mining activity spurred sales of heavy equipment. The biggest revenue increase came from its equipment businesses in Southern Africa, its biggest market, led by mining machine...

  • *Milan bourse suffers, yield on Italian debt rise. LONDON, May 21- Stocks, oil prices and the dollar were on the rise on Monday after the U.S.- China trade war was declared on hold while in Europe, Italy's borrowing costs climbed and the Milan bourse fell as two anti-establishment parties got closer to power. S&P mini futures rose 0.5 percent following a positive...

  • CAPE CANAVERAL, Fla.— One of NASA's prime shippers, Orbital ATK, launched a fresh load of supplies to the International Space Station from Virginia on Monday. The Antares rocket blasted off from Wallops Island before dawn, treating early risers along the East Coast to a cosmic light show, at least where skies were clear. The Cygnus holds a student cement-mixing...

  • ROME— Italy edged toward its first populist government Monday as the president convened the leaders of the anti-establishment 5- Star Movement and the right-wing League in what could be a final consultations, 11 weeks after elections left the country with a hung parliament. The cost of borrowing to fund Italy's persistently high public debt rose to the...

  • *U.S. trade war with China is "on hold"- U.S. treasury sec. **The United States and China agreed to drop their tariff threats while they work on a wider trade agreement, Mnuchin said on Sunday. China has agreed to significantly increase its purchases of U.S. goods and services, the two countries said on Saturday, but made no mention of a $200 billion target the White House had...

  • LONDON— The British Parliament's foreign affairs committee has slammed the government for "turning a blind eye" to the role London's financial center plays in laundering the proceeds of Russian corruption, saying it helps the Kremlin finance its aggressive foreign policy. The committee says in a report published Monday that despite the tough rhetoric over...

  • LONDON, May 21- The pound fell to a five-month low on Monday as the dollar surged and investors prepared for data that could determine whether the Bank of England raises interest rates this year. Sterling slumped half a percent to $1.3412, its lowest since Dec. 28, as the dollar soared on reports the U.S was putting its trade war with China "on hold."

  • DUBLIN, May 21- Higher fuel and staff costs, combined with flat fares, will knock profits at Ryanair back from record levels, Europe's biggest low-cost airline said on Monday. The Irish company bounced back from a rostering crisis that led it to cancel 20,000 flights in September to report a 10 percent rise in profit after tax to 1.45 billion euros for the year ended...

  • ROME, May 21- Italy's anti-establishment 5- Star Movement and the far-right League party will meet with President Sergio Mattarella on Monday, when they are expected to seek his backing for their prime minister candidate. Mattarella must sign off on their premier pick before the two parties can begin to put together a coalition government that could face...

  • *Italy/ Spain 10- year bond yield gap widest in 6 yrs. *Italy's 2- yr bond yield at highest since Dec 2016. LONDON, May 21- Italy's bond yields rose sharply on Monday, pushing the gap over Spanish peers to its widest since 2012, as fears over the big-spending plans of the two anti-establishment parties likely to make up Italy's next government continue to rattle...