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  • ROME, May 21- Italy's anti-establishment 5- Star Movement and the far-right League will seek the backing of the president on Monday for their candidate to lead a coalition government whose plans to jack up spending have roiled financial markets. Italy's borrowing costs surged further on Monday, with two-year bond yields at their highest level since December...

  • Treasury Secretary Steven Mnuchin on Monday said major issues remained in talks between the United States, Mexico and Canada to renegotiate the North American Free Trade Agreement. Mnuchin has said that Trump is not focused on a specific deadline, but there are pressures given Mexico's presidential election in July as well as congressional deadlines and...

  • *Italian yields soar; Italy- Spain yield gap widest in six years. LONDON/ MILAN, May 21- Italy's borrowing costs surged further on Monday and its stock market touched six-week lows as two anti-establishment parties that plan to ramp up spending appeared set to form a coalition government. The prospect of a spendthrift government taking shape in Italy, the euro...

  • WASHINGTON— The Associated Press on Monday announced that award-winning journalist Susannah George will join its Washington bureau to cover U.S. intelligence agencies and national security. The appointment was announced by Julie Pace, AP's Washington bureau chief. George has spent much of her career overseas, covering conflict in Gaza, the NATO bombing...

  • WASHINGTON— A dispute about the size of eye drops has failed to catch the eye of the Supreme Court. Drug companies including Allergan, Bausch& Lomb, Merck and Pfizer had asked the court to get involved in the case. The companies were sued by patients using their eye drops to treat glaucoma and other eye conditions.

  • Stocks are opening solidly higher on Wall Street after trade tensions between the U.S. and China dissipated. Investors were relieved Monday to hear that Treasury Secretary Steven Mnuchin said the nations are "putting the trade war on hold" after Beijing agreed to buy more farm goods, energy and other products and services from the U.S. General Electric rose 2.6...

  • BERLIN, May 21- German Chancellor Angela Merkel and Ukrainian President Petro Poroshenko spoke by telephone on Monday about Merkel's visit to Russia last week, efforts to implement the Minsk agreement and gas transit through Ukraine, a spokeswoman said. "Both parties agreed to remain in close contact on these issues and to deepen cooperation," Martina Fietz, a...

  • May 21- U.S. stocks opened half a percent higher on Monday after the United States and China put a potential trade war "on hold", and as U.S. companies announced $27.6 billion worth of mergers. The Dow Jones Industrial Average rose 167.97 points, or 0.68 percent, at the open to 24,883.06. The S&P 500 opened higher by 12.98 points, or 0.48 percent, at 2,725.95.

  • NEW YORK, May 21- U.S. The Treasury will sell $99 billion in short and intermediate-dated notes this week, including $33 billion in two-year notes on Tuesday, $36 billion in five-year notes on Wednesday and $30 billion in seven-year notes on Thursday. I think thats going to be really the tug of war, investors who think rates to continue rising further versus those...

  • WEST HOLLYWOOD, Calif.— Recreational marijuana sales became legal in California this year, and the industry is targeting tourists as well as locals, with tours, shops, lodging and ads. And there are cannabis bus tours, too, like Green Line Trips, with stops at local pot dispensaries along with stops at attractions like Griffith Park. MedMen, one of several marijuana...

  • *Bank faced fraud charges over 2008 Qatar deal. LONDON, May 21- A British court has dismissed charges brought by the Serious Fraud Office against Barclays over its 2008 capital raising, the bank said on Monday, suspending for now the threat of regulatory sanctions on its business operations. Barclays denied the SFO's allegation that a $3 billion loan it made to...

  • True, the London Metal Exchange price has retreated from April's three-year high of $16,690 as panic that U.S. sanctions on Russia might be extended to Norilsk Nickel has dissipated. In China the Shanghai Futures Exchange contract largely ignored London's Russian jitters but has also just notched up its highest trading level in three years.

  • May 21- Wall Street was set to open higher on Monday after the United States and China put a potential trade war "on hold" to work on a wider agreement, and as the announcement of $27.6 billion worth of merger deals lifted sentiment. Treasury Secretary Steven Mnuchin said on Sunday the United States and China had agreed to drop their tariff threats on billions of...

  • May 21- Nabriva Therapeutics Plc said on Monday its antibiotic to treat adults with a common form of pneumonia met the main goal of a second late-stage study, putting the company on track to file for the drug's approval in the fourth quarter of 2018.. "We are one step closer to potentially making a much-needed new class of antibiotics available to patients and...

  • DUBAI, May 21- Dubai stocks climbed to a more than two-week high on Monday, as sentiment for property shares was lifted by a decision of the United Arab Emirates' government to grant residency visas of up to 10 years to investors and specialists. Emaar Properties rose 2.9 percent and DAMAC Properties climbed 4.8 percent, lifting the Dubai index by almost 1 percent...

  • MOSCOW, May 21- The head of Russia's $10 billion sovereign wealth fund called on Monday for the government to issue more domestic debt to fund infrastructure projects. It is far lower than in other countries, " Kirill Dmitriev, who heads the Russian Direct Investment Fund, told a media conference call on Monday organized ahead of the St Petersburg Economic forum, an...

  • MOSCOW, May 21- The Russian central bank will inject an extra 18 billion roubles into Otkritie Group, which it rescued last year, to keep afloat three pension funds run by what was once Russia's largest private lender, sources told Reuters. The Bank of Russia rescued Otkritie, B&N Bank and Promsvyazbank in 2017. The central bank has already channeled 42 billion...

  • LONDON— Britain's government says it does not intend to refer U.S. media conglomerate Comcast's 22 billion pound takeover offer for London- based Sky to competition authorities, saying the proposed merger doesn't raise concerns on public interest grounds. Culture Secretary Matt Hancock says he's "reviewed the relevant evidence" and that he is "minded not to...

  • LONDON, May 21- Data privacy rules coming into force this week are giving Europe's fledgling cyber insurance market a boost as they make companies more aware of the risks caused by customer information breaches. The law brings Europe more closely into line with the United States, where many states have for several years required firms to notify regulators...

  • WASHINGTON— The Latest on U.S.- China trade talks:. In a joint statement issued Saturday, Beijing agreed with the U.S. to "substantially reduce" America's trade deficit with China, but it did not commit to a specific amount. Treasury Secretary Steven Mnuchin said Sunday that the U.S. and China were "putting the trade war on hold" following an announcement that Beijing...