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UPDATE 3-Euro zone, IMF reach compromise deal on Greek debt relief

*Greece to get 10.3 bln euros new cash, 7.5 bln of it in June. BRUSSELS, May 25- Euro zone governments on Wednesday offered Greece debt relief in 2018, but left key details for later in a bid to bridge Germany's view that no immediate action was needed and the International Monetary Fund's call for decisions now. But the bigger step forward was the debt relief deal...

Source: Reuters

UPDATE 1-Sanofi moves to oust Medivation board in $9.3 bln takeover fight

*Cancer drug company says $52.50 a share inadequate. May 25- French drugmaker Sanofi on Wednesday named eight candidates to replace the entire board of Medivation, stepping up pressure on the U.S. cancer drug company which has rejected its $9.3 billion takeover approach. Sanofi's nominees are Michael Campbell, Barbara Deptula, Wendy Lane, Ronald Rolfe, Steven...

Source: Reuters

ICELAND $2.4 BLN FX AUCTION LIKELY TO TAKE PLACE IN MID-JUNE - GOVERNOR

ICELAND $2.4 BLN FX AUCTION LIKELY TO TAKE PLACE IN MID-JUNE- GOVERNOR.

Source: Reuters

UPDATE 1-Euro zone hails "breakthrough" with Greece, IMF debt deal

*Greece to get 10.3 bln euros new cash, 7.5 bln of it in June. BRUSSELS, May 25- The euro zone gave Greece its firmest offer yet of debt relief in what finance ministers called a breakthrough deal that won a provisional commitment from the IMF to return to taking part in the bailout for Athens, heartening investors. After talks that lasted into the small hours of...

Source: Reuters

UPDATE 1-Mitsubishi Motors brings in new R&D chief, restates results after scandal

*Restates past year's net profit to 72.6 bln yen from 89 bln yen. TOKYO, May 25- Mitsubishi Motors Corp said a Nissan Motor Co executive would become its head of research and development, part of a management overhaul in the wake of a mileage cheating scandal that also prompted it to restate earnings. Mitsubishi Motors Chairman and CEO Osamu Masuko will also be...

Source: Reuters

Russia's Sberbank posts 117.7 bln roubles in Q1 profit, beats f'cast

MOSCOW, May 25- Russia's top bank Sberbank on Wednesday posted 117.7 billion roubles in first-quarter net profit, almost four times higher than a year earlier. Analysts had expected Sberbank to make net profit of 106 billion roubles in the first three months of the year. Sberbank is one of several large Russian state banks under Western sanctions over the...

Source: Reuters

Euro zone hails "breakthrough" with Greece, IMF debt deal

*Greece to get 10.3 bln euros new cash, 7.5 bln of it in June. BRUSSELS, May 25- The euro zone gave Greece its firmest offer yet of debt relief in what finance ministers called a breakthrough deal that won a commitment from the IMF finally to return to taking part in the bailout for Athens. After talks that lasted into the small hours of Wednesday, the Eurogroup ministers...

Source: Reuters

HOLD/EMBARGOED-UK winter floods to cost insurers $2 bln in pay-outs

LONDON, May 25- Flood damage in Britain from winter storms has resulted in claims for more than 15,000 homes and businesses and is likely to lead to pay-outs of 1.3 billion pounds, the Association of British Insurers estimates. Three winter storms in northern Britain resulted in average household claims of 50,000 pounds, the ABI said on Wednesday, compared with...

Source: Reuters

UPDATE 3-Russia raises $1.75 bln in first Eurobond since sanctions imposed

MOSCOW, May 24- Russia raised $1.75 billion on Tuesday in a Eurobond issue with foreigners the biggest buyers, a placement officials said showed there was international appetite for Russian assets despite Western efforts to scare off investors. Russia's finance ministry had not given an explicit target for the amount it wanted from the placement, the first...

Source: Reuters

UPDATE 2-Russia raises $1.75 bln in first Eurobond since sanctions:sources

MOSCOW, May 24- Russia on Tuesday raised $1.75 billion in its first Eurobond since sanctions were imposed on it over the conflict in Ukraine, four financial market sources said, with foreigners among the investors buying the paper. Two of the sources said that around three-quarters of the amount raised was accounted for by foreign investors from Europe, the...

Source: Reuters