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Puerto Rico taxi, tourist bus system hit by Uber protest

SAN JUAN, Puerto Rico— Puerto Rico's capital is being hit by a protest against the anticipated arrival of ride-booking service Uber. Taxi drivers, tourism operators and others say they're joining a one-day protest in San Juan. Uber officials have said they want to start operating in Puerto Rico as soon as possible.

Source: The Associated Press

European shares fall but set for third month of gains

LONDON/ MILAN, May 31 (Reuters)- European shares fell on Tuesday, hit by weakness among banking stocks and Volkswagen whose shares retreated after the German carmaker reported first-quarter earnings. Europe's biggest automaker is counting on a deal with U.S. authorities and car owners next month over its rigging of diesel emissions tests while pushing a...

Source: Reuters

Gold gains ground but still set for biggest decline in six months

Gold rose, rebounding from a 3-1/2-month low hit in the previous session, but remained on track for its biggest monthly decline since November.

Source: Reuters

Algeria dinar's fall hits finances, but may bring reserves benefits

ALGIERS, May 31- Algeria's dinar currency has fallen to its lowest levels since independence from France, hit by lower energy prices that have sapped the OPEC producer's revenues. After a few weeks of stability, the dinar on May 25 hit a five decade, reaching 110.52 to the dollar and 123.17 against the euro, according to figures from the central bank.

Source: Reuters

I think the S&P 500 is going up, so I’m going long: Trader

Todd Gordon says the SPY ETF, which tracks to S&P 500, could hit $215.

Source: CNBC.com

European shares edge lower but stay set for third month of gains

LONDON, May 31 (Reuters)- European stock markets fell on Tuesday, hit by a drop in Volkswagen whose shares retreated after the German carmaker reported first-quarter earnings. Europe's biggest automaker is counting on a deal with U.S. authorities and car owners next month over its rigging of diesel emissions tests while pushing a strategic overhaul across its...

Source: Reuters

PRECIOUS-Gold gains ground but still set for biggest decline in six months

LONDON, May 31- Gold rose on Tuesday, rebounding from a three-and-a-half-month low hit in the previous session, but remained on track for its biggest monthly decline since November on broad strength in the dollar and growing expectations of an imminent U.S. rate hike. Spot gold was up 0.5 percent at $1,210.86 an ounce by 0942 GMT, having fallen by as much as 1 percent...

Source: Reuters

UPDATE 2-Audi, Porsche help VW limit damage from emissions scandal

BERLIN, May 31- Volkswagen's underlying profit fell less than expected in the first quarter as demand for upmarket Audi and Porsche models helped to offset a hit to VW sales from its emissions test cheating scandal. Europe's biggest carmaker said on Tuesday operating profit before one-off items fell 5.9 percent to 3.1 billion euros on a 3.4 percent drop in...

Source: Reuters

European stock markets slip but stay set for third month of gains

LONDON, May 31- European stock markets fell on Tuesday, hit by a drop in carmaker Volkswagen whose shares retreated after VW reported first-quarter earnings. Europe's biggest automaker is counting on a deal with U.S. authorities and car owners next month over its rigging of diesel emissions tests while pushing a strategic overhaul across its 12- brand group.

Source: Reuters

Scandal-hit Volkswagen makes profit despite scandal

The company made most of its profits at its luxury brands Audi and Porsche and the financial services branch. Profits in the January-March period fell to 2.37 billion euros from 2.93 billion euros a year earlier, the company said Tuesday. Tuesday's earnings release contained no new estimate of the overall cost of the scandal; the company set aside 16.2 billion...

Source: The Associated Press