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  • 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 two measures are seen as interlinked because the banking capital rules are expected to reduce bank...

  • In bars from London to New York, sales of "aperitifs" such as Aperol, Lillet and Martini Rosso are growing rapidly as younger drinkers in particular opt for lower-alcohol concoctions over stronger traditional cocktail spirits like vodka. As a result companies such as Italy's Campari, Britain's Diageo and France's Pernod Ricard are snapping up aperitif brands...

  • ST PETERSBURG, May 25- Russian power equipment producer, Power Machines, which was hit by the U.S. sanctions in 2018, will most probably withdraw from its Russian joint venture with Germany's Siemens, its owner Alexei Mordashov said. Power Machines is a Russian partner in Siemens Gas Turbine Technologies LLC, a St Petersburg- based joint venture in which Siemens...

  • SHENZHEN, May 25- Berlin and Beijing must revamp their relationship to adapt to digital changes, said Angela Merkel, who has made the issue a top priority of her fourth term as German Chancellor. Germany lags behind other industrialised countries and Merkel said during a visit to China she hoped the two countries would sign a memorandum of understanding in the...

  • US 10- YEAR TREASURY YIELDS FALL TO 2.939 PCT, LOWEST SINCE MAY 7.

  • *Core capital goods orders increase 1.0 percent in April. WASHINGTON, May 25- New orders for key U.S.-made capital goods increased more than expected in April and shipments rebounded, suggesting that business spending on equipment was picking up after slowing down at the end of the first quarter. The report from the Commerce Department on Friday added to data on...

  • FRANKFURT, May 25- Sluggish growth has not weakened the European Central Bank's resolve to end a bond-buying scheme later this year but could make it more cautious about signaling interest rate hikes, conversations with four sources close to the matter indicate. ECB stimulus has fueled a five-year growth run and policymakers have been setting up markets for...

  • ECB POLICYMAKERS IN RELATIVE UNISON OVER ENDING QE THIS YEAR, DESPITE SLOWER GROWTH, ITALIAN WORRIES- SOURCES.

  • PACE OF ECB RATE HIKES COULD BE IMPACTED BY WEAKER GROWTH, SLUGGISH DATA RAISES RISK OF DELAY- SOURCES.

  • ECB'S HEADLINE INFLATION FORECAST COULD BE RAISED IN JUNE ON HIGHER OIL PRICES AND WEAKER EURO; GROWTH SEEN CUT, CORE INFLATION UNCHANGED- SOURCES.

  • WASHINGTON, May 25- Fiat Chrysler Automobiles NV said on Friday it is recalling 4.8 million U.S. vehicles over a defect that could prevent drivers from deactivating cruise control and warned owners not to use the function until they get software upgrades. The Italian-American automaker said no injuries or crashes are related to the large recall campaign but...

  • MOSCOW— Russia's former ambassador to the United States says "toxic" political infighting is preventing U.S. Ties between the two countries have been deteriorating steadily since Russia annexed the Crimean Peninsula and threw its weight behind separatists in eastern Ukraine. He told The Associated Press on Friday that Trump appears eager to improve ties...

  • DETROIT— Fiat Chrysler is recalling 4.8 million vehicles in the U.S. because in rare circumstances, drivers may not be able to turn off the cruise control. The company is warning owners not to use cruise control until the cars, SUVs and trucks can be fixed with a software update. The recall includes 15 Jeep, Dodge, Chrysler and Ram models from six model years.

  • PARIS, May 25- France's Thales has its eye on bolt-on acquisitions after securing chipmaker Gemalto but feels no immediate pressure to match the scale of' nose-to-tail' aircraft parts suppliers like United Technologies, its chief executive said. There are no other Gemalto in the pipeline, " Patrice Caine told a meeting of aerospace journalists on Friday.

  • WASHINGTON— Orders for long-lasting manufactured goods fell in April amid weaker demand for aircraft. But a key category that tracks business investment rose after sliding in March— a sign of health for American industry. The Commerce Department says U.S. orders for durable goods— manufactured items from washing machines to battleships that are meant to last...

  • LONDON, May 25- Lead fell on Friday as some buyers cashed in on a recent rally but it was still on track for its biggest weekly rise since January 2017 as investors positioned for a market in deficit. *LEAD PRICES: Three-month lead on the London Metal Exchange was down 1 percent at $2,470 a tonne in official trading, having hit its highest since late February on...

  • *Discounts in India widest in two months. MUMBAI/ BENGALURU, May 25- Physical gold demand remained subdued this week in most Asian hubs as prices rebounded following an initial dip, while dealers in India offered bigger discounts to spur buying amid high domestic prices. In top consumer China, premiums eased to $6- $7 an ounce over benchmark prices, compared with $8-...

  • May 25- Shares of Gap Inc sank 8 percent on Friday after quarterly same-store sales disappointed on expectations, driving a raft of price target cuts on Wall Street. Analysts at RBC Capital Markets said the stock would continue to remain pressured until investors had more confidence that efforts to turn around the Gap brand were having an impact.

  • LONDON, May 25- Pearson, the world's biggest education company, could move out of its London Strand headquarters as part of its latest drive to cut costs after U.S. students stopped buying so many textbooks. The news follows moves by fellow corporate groups BT and Rolls-Royce to look for a new home after they both said they would move from their central London...

  • SAO PAULO, May 25- A nationwide truck drivers' protest in Brazil was slow to wind down on Friday despite an agreement to end the mobilization, with many highway blockades in place for a fifth straight day rattling sectors from agribusiness to automaking. Public transportation and trash collection services have been reduced in major cities such as Sao Paulo...