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Europe closes lower, Spanish, Greek stocks tumble

European equities closed lower on Monday amid low volumes, with a number of markets shut for the holiday weekend.
Source: CNBC.com | By: Jenny Cosgrave
UPDATE 2-S.Africa's Famous Brands to enter Ghana, earnings up

JOHANNESBURG, May 25- South African fast-food restaurant group Famous Brands plans to enter Ghana this year as part of its drive to grow beyond a domestic market held back by high unemployment and sharply rising electricity costs. However the company, which runs Steers, Debonairs Pizza and Wimpy restaurants, said on Monday it was pulling out of India less than...
Source: Reuters | By: TJ Strydom
FOREX-Dollar in vogue on CPI boost and Yellen's comments, euro weakens

LONDON, May 25- The dollar hit a one-month high against a basket of major currencies on Monday after stronger-than-expected underlying U.S. inflation bolstered the Federal Reserve's case for an interest rate hike later this year. Amid low volumes, with most of Europe as well as the United States shut for a holiday, the dollar index, which measures the greenback...
Source: Reuters | By: Anirban Nag
UPDATE 5-Oil prices steady as firm demand offsets dollar strength

LONDON, May 25- Crude oil futures edged up on Monday as firm global demand vied with a strong dollar, but a public holiday in the United States and much of Europe kept trading muted. Front-month Brent crude gained 6 cents to $65.43 a barrel by 1400 GMT, after touching an intraday low of $64.72. The market drew support from figures showing strong demand across Asia and...
Source: Reuters | By: Himanshu Ojha
UPDATE 1-INSIGHT-Stalling economy hurts Turkey's AK Party ahead of election

*Weakened AKP under attack over economy. ISTANBUL, May 25- Murat Dalga stands in a shop filled with everything but customers and swears he won't be voting for Turkey's ruling AK Party this time around. That has given the opposition a new line of attack and highlights the difficulties a weakened AKP will face after the June 7 polls, when it will need to bring in overdue...
Source: Reuters | By: David Dolan and Asli Kandemir
PRECIOUS-Gold eases as Yellen comments shore up dollar

LONDON, May 25- Gold prices were marginally lower on Monday, as the dollar gained traction against major currency rivals, on signs the Federal Reserve is preparing to tighten monetary policy for the first time in six years in 2015.. Fed Chair Janet Yellen indicated on Friday that the U.S. central bank was poised to raise rates this year, with the world's largest...
Source: Reuters | By: Clara Denina
Oil prices edge down as dollar strengthens

Crude oil futures edged lower towards $65 as the dollar strengthened, with a public holiday in the U.S. and much of Europe keeping trading muted.
Source: Reuters
Gold dips as Yellen comments shore up dollar

Gold prices fell slightly, as the dollar gained traction against major currency rivals, on signs the Fed is preparing to tighten monetary policy.
Source: Reuters
UPDATE 1-China's top banking regulator warns of rising bad loans, credit risk - sources

BEIJING/ SHANGHAI, May 25- China's top banking regulator warned of rising credit risk from real estate, local government debt and unconventional forms of finance, sources with direct knowledge told Reuters, highlighting Beijing's struggles to prevent risky debt from engulfing a stuttering economy. As China's economic growth has slowed, Beijing has...
Source: Reuters
UPDATE 4-Oil prices edge down as dollar strengthens

LONDON, May 25- Crude oil futures edged lower towards $65 a barrel as the dollar strengthened on Monday, with a public holiday in the United States and much of Europe keeping trading muted. Front-month Brent crude shed 17 cents to $65.20 a barrel by 1052 GMT. U.S. crude was down 35 cents at $59.37 a barrel.
Source: Reuters | By: Himanshu Ojha