Merkel appeals to Germans to back trade pact ahead of G7 meeting BERLIN, May 29- Chancellor Angela Merkel tried to drum up support in Germany for the Transatlantic Trade and Investment Partnership ahead of the G7 summit she is hosting in June, saying in an interview on Saturday she hopes it will be finalized by 2017.. "It's important for me that the transatlantic free trade keeps pace with the Pacific region," Merkel said,...
| By: Erik Kirschbaum
CNBC update: Realistic cheetah robot Foreign dignitaries attend the inauguration ceremony of Nigerian President, Muhammadu Buhari; research shows a vegan diet may benefit people with type 2 diabetes; and a cheetah robot can jump hurdles, reports CNBC's Sue Herera.
UPDATE 2-ING and BNP Paribas among bidders for HSBC Turkey -source ISTANBUL, May 29- ING Group NV, BNP Paribas and Bahrain- based Arab Banking Corp have submitted bids to buy HSBC's Turkish business, a source familiar with the process said on Friday. Four other sources said Dutch lender ING was interested in buying HSBC's Turkish business, comprising corporate and investment banking operations as well as a loss-making retail...
| By: Asli Kandemir
EU, Japan say wary of unilateral actions in South China Sea TOKYO, May 29- The European Union and Japan are concerned about unilateral actions that change the status quo in the South China Sea, a joint statement said on Friday, with China's reclamation in disputed waters stoking regional tensions. "We continue to observe the situation in the East and South China Sea and are concerned by any unilateral actions that change...
Merkel: Germany will be 'constructive partner' in EU reform BERLIN- German Chancellor Angela Merkel sounded a conciliatory note Friday on Britain's efforts to renegotiate its relationship with the European Union, saying "when there is a desire there should be a way." The comments made alongside David Cameron came as the British prime minister wrapped up a whirlwind tour of four European capitals to press his case for...
Source: The Associated Press
EU banks still trailing behind US: CIO Jonathan Bell, chief investment officer at Stanhope Capital, says that while European banks are trailing behind their U.S. counterparts, they have potential for credit expansion in the near future.
Dedicated to keeping Greece in EU: Moscovici EU Economic Affairs Commissioner, Pierre Moscovici, tells CNBC that there has been more progress in Greek debt negotiations over the last three weeks than in the last three months.
Asia's migrant meeting unlikely to yield plans A meeting in Bangkok on Friday about Southeast Asia's migrant crisis is unlikely to produce a binding agreement or plan of action to save thousands of people believed stranded on boats in the Bay of Bengal and Andaman Sea, participants said.
UPDATE 2-Greek crisis overshadows G7 growth talks DRESDEN, Germany, May 28- The head of the International Monetary Fund warned that Greece could fall out of the euro zone as it struggled to sort out its debt stand-off, which is adding to concern about the patchiness of global economic recovery. Greece was not officially on the agenda of the Group of Seven meeting on Thursday in a former palace in the eastern Germany...
| By: Michelle Martin and Tetsushi Kajimoto