Italy’s League leader dismisses talk of president’s impeachment

Italy’s League leader dismisses talk of president’s impeachment

FILE PHOTO: League party leader Matteo Salvini speaks at the media after a round of consultations with Italy’s newly appointed Prime Minister Giuseppe Conte at the Lower House in Rome, Italy, May 24, 2018. REUTERS/Tony Gentile May 28, 2018 ROME (Reuters) – The leader of Italy’s far-right League Matteo Salvini on Monday dismissed talk about a possible impeachment of the country’s president and said he wanted to change the electoral law with the 5-Star Movement….

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Italian markets rally as eurosceptic coalition attempt to form government crumbles

Italian markets rally as eurosceptic coalition attempt to form government crumbles

FILE PHOTO: The Milan stock exchange building is seen in downtown Milan March 18, 2013. REUTERS/Alessandro Garofalo/File Photo – RC1C18E78150 May 28, 2018 LONDON (Reuters) – Italian bonds, stocks and the euro rallied on Monday after Italy’s president rejected a eurosceptic pick for the key role of economy minister prompting anti-establishment parties 5-Star Movement and League to abandon plans to form a government. Italy’s president Sergio Mattarella is expected to ask a former International Monetary…

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Flood or dud? Inflows from China MSCI entry are anybody’s guess

Flood or dud? Inflows from China MSCI entry are anybody’s guess

FILE PHOTO: A man is seen against an electronic board showing stock information at a brokerage house in Jiujiang, Jiangxi province, China March 23, 2018. China Daily via REUTERS/File Photo May 28, 2018 By Samuel Shen and John Ruwitch SHANGHAI (Reuters) – The inclusion of Chinese stocks in closely tracked MSCI share indexes is widely expected to draw tens of billions of dollars into the mainland market next month, but active fund managers’ conservative positions…

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Oil slumps as OPEC, Russia look to raise output amid U.S. surge

Oil slumps as OPEC, Russia look to raise output amid U.S. surge

FILE PHOTO: Oil pumping facilities are seen at Venezuela’s western Maracaibo lake in Venezuela, November 5, 2007. REUTERS/Isaac Urrutia/File Photo May 28, 2018 By Henning Gloystein SINGAPORE (Reuters) – Oil prices slumped on Monday, extending steep declines from Friday, as Saudi Arabia and Russia said they may increase supplies and as U.S. production gains show no signs of abating. Brent crude futures <LCOc1> were at $75.09 per barrel at 0452 GMT, down $1.35, or 1.8…

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Blackstone bets big on Australian offices with $2.3 billion Investa bid

Blackstone bets big on Australian offices with $2.3 billion Investa bid

FILE PHOTO: The ticker and trading information for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange (NYSE), New York, NY, U.S., April 4, 2016. REUTERS/Brendan McDermid/File Photo May 28, 2018 By Colin Packham SYDNEY (Reuters) – U.S. private equity giant Blackstone Group <BX.N> is seeking to deepen its exposure to Australian commercial property with a A$3.08 billion ($2.3 billion) bid for Sydney-focused company…

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Indonesia pledges rupiah stability as bets grow on Wednesday rate hike

Indonesia pledges rupiah stability as bets grow on Wednesday rate hike

FILE PHOTO: Indonesian Finance Minister Sri Mulyani Indrawati during an interview with Reuters ahead of the G20 summit in Hamburg, Germany, July 6, 2017. REUTERS/Wolfgang Rattay May 28, 2018 By Maikel Jefriando and Tabita Diela JAKARTA (Reuters) – An out-of-schedule Indonesian central bank policy meeting on Wednesday will allow a quick response to market movements, Bank Indonesia’s new governor said on Monday, as a growing number of economists bet on an interest rate hike at…

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PM Abe says Japan automakers contributing to U.S. economy

PM Abe says Japan automakers contributing to U.S. economy

FILE PHOTO: Japanese Prime Minister Shinzo Abe attends a joint news conference with Russian President Vladimir Putin following their meeting at the Kremlin in Moscow, Russia May 26, 2018. REUTERS/Grigory Dukor May 28, 2018 TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe said on Monday he would seek to convince President Donald Trump that Japanese carmakers have created jobs and made huge contributions to the U.S. economy. Abe made the remark in parliament, when asked…

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China to host Iran to avoid project disruption amid nuclear deal doubt

China to host Iran to avoid project disruption amid nuclear deal doubt

FILE PHOTO: Iranian President Hassan Rouhani attends a meeting with Muslim leaders and scholars in Hyderabad, India, February 15, 2018. REUTERS/Danish Siddiqui/File Photo May 28, 2018 BEIJING (Reuters) – China will host Iranian President Hassan Rouhani next month at a regional summit aimed at avoiding disruption of joint projects, its foreign ministry said on Monday, as major powers scramble to save Iran’s nuclear deal after the United States pulled out. Rouhani will pay a working…

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NHL: Backstrom not at full strength but ready to go for Caps

NHL: Backstrom not at full strength but ready to go for Caps

May 19, 2018; Tampa, FL, USA; Washington Capitals center Nicklas Backstrom (19) skates with the puck against the Tampa Bay Lightning during the third period in game five of the Eastern Conference Final in the 2018 Stanley Cup Playoffs at Amalie Arena. Mandatory Credit: Kim Klement-USA TODAY Sports May 28, 2018 Nicklas Backstrom’s right hand is still banged up, but the Washington Capitals’ star center is ready to go for Game 1 of the Stanley…

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Euro crawls off 6-1/2-month lows, Italian political woes limit bounce

Euro crawls off 6-1/2-month lows, Italian political woes limit bounce

U.S. dollar and Euro banknotes are seen in this picture illustration taken May 3, 2018. REUTERS/Dado Ruvic/Illustration May 28, 2018 By Shinichi Saoshiro TOKYO (Reuters) – The euro crawled off a 6-1/2-month low against the dollar on Monday, catching its breath after last week’s steep decline, although broader concerns about political turmoil in Italy limited the currency’s recovery. The euro was 0.35 percent higher at $1.1693 <EUR=> after falling on Friday to $1.1646, its lowest…

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