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UPDATE 5-Deutsche Bank gives Jain more power in shake-up, investors object

*Rainer Neske, retail chief and others to depart. FRANKFURT, May 21- Deutsche Bank gave more power to co-chief executive Anshu Jain in a management shake-up that was roundly criticised by investors on Thursday who demanded more changes to restore confidence in the leadership of Germany's largest bank. Making Jain directly responsible for cutting Deutsche...
Source: Reuters | By: Thomas Atkins and Kathrin Jones
UPDATE 4-Deutsche Bank boosts Jain in shakeup, investors object

*Deutsche Bank reshuffles management board ahead of investor vote. FRANKFURT, May 21- Deutsche Bank boosted the power of co-chief executive Anshu Jain in a management shakeup, but shareholders criticised the moves as insufficient and demanded more changes to restore confidence in the leadership of Germany's largest bank. Deutsche Bank has trailed rivals...
Source: Reuters | By: Thomas Atkins and Kathrin Jones
Deutsche shakes up leadership but investors object

Deutsche Bank reshuffled its management board late on Wednesday, consolidating restructuring authority under co-Chief Executive Anshu Jain.
Source: Reuters
UPDATE 3-Deutsche Bank shakes up leadership but investors object

*Deutsche Bank reshuffles management board. *Rainer Neske, retail chief and others to depart. FRANKFURT, May 21- Deutsche Bank boosted the power of co-chief executive Anshu Jain in a management shakeup, but shareholders dismissed the moves as insufficient and demanded more changes to restore confidence in the leadership of Germany's largest bank.
Source: Reuters
UPDATE 2-Deutsche Bank bets on Jain to deliver on investor demands

*Deutsche Bank reshuffles management board. FRANKFURT, May 21- Deutsche Bank has beefed up the powers of co-chief executive Anshu Jain and reduced the influence of his partner Juergen Fitschen in a management shake-up aimed at improving performance and mollifying shareholders. The changes, revealed late on Wednesday, make Indian-born Jain accountable for...
Source: Reuters | By: Thomas Atkins and Arno Schuetze
Greece should quit euro 'temporarily': Ifo's Sinn

Greece should be allowed to leave the euro zone temporarily, the president of Germany's influential Ifo Institute for Economic Research said Thursday.
Source: CNBC.com | By: Dhara Ranasinghe
UK is integral part of EU: Ifo's Sinn  

Hans-Werner Sinn, President of the Ifo Institute, says the U.K. is an "integral" part of the European Union (EU) integration project and it would be a "disaster" if the U.K. left the union.
Source: CNBC.com
Greece is insolvent - why delay saying it? Sinn  

Hans-Werner Sinn, President of the Ifo Institute, told CNBC Thursday that Greece is insolvent and we are just "delaying the process of declaring insolvency."
Source: CNBC.com
UPDATE 6-Oil prices rise as U.S. crudes stocks fall

*Japan's economy surprises with 2.4 pct annualised growth. Brent futures rose 72 cents to $64.74 a barrel by 1445 GMT, after touching $65.02 earlier in the session. U.S. crude prices rose 41 cents to $58.40 a barrel, easing back from an intraday high of $58.90.
Source: Reuters | By: Himanshu Ojha
Guess who's back? Dollar shines

A piece of upbeat U.S. data and some comments from the ECB on monetary stimulus: that's all, it seems, the dollar needed to get its zing back.
Source: CNBC.com | By: Dhara Ranasinghe