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UPDATE 1-Chinese independents get foothold in LNG trade as restrictions lifted

BEIJING/ SINGAPORE, May 22- China's independent buyers of liquefied natural gas are taking their first cargoes of the fuel as Beijing permits third-party use of idle capacity at import terminals and approves the new players' long-term plans to build their own facilities. Privately run city gas distributor ENN Group and onshore LNG investor Guanghui Energy Co...
Source: Reuters | By: Chen Aizhu and Jacob Gronholt-Pedersen
Chinese independents get foothold in LNG trade as restrictions lifted

BEIJING/ SINGAPORE, May 22- China's independent buyers of liquefied natural gas are taking their first cargoes of the fuel as Beijing permits third-party use of idle capacity at import terminals and approves the new players' long-term plans to build their own facilities. Privately run city gas distributor ENN Group and onshore LNG investor Guanghui Energy Co...
Source: Reuters | By: Chen Aizhu and Jacob Gronholt-Pedersen
US Treasury yields sink ahead of Yellen speech, inflation

U.S. government debt prices ticked slightly higher on Thursday, weighing on yields ahead of a speech by U.S. Federal Reserve Chair Janet Yellen and the latest consumer inflation data.
Source: CNBC.com | By: Jenny Cosgrave
INTERVIEW-Bundesbank chief says ball in Athens' court over bailout

*Says can't simply buy Greece more time. Asked about calls from beyond Europe for other EU countries to help Greece and calm financial markets, Weidmann said: "This can't always simply be about simply buying Greece more time." "The prospect of a sustainable stabilisation of Greece is decisive," Weidmann told Reuters in written responses to questions ahead of next...
Source: Reuters
New Greek currency would be 'rubbish': Citi's Buiter

There would be "havoc" if Greece left the euro zone and adopted an alternative currency, Willem Buiter, global chief economist at Citi, told CNBC.
Source: CNBC.com | By: Holly Ellyatt
Merkel warns 'whole lot left' to do on Greece bailout talks

Merkel and French President Francois Hollande spoke for about two hours with their Greek counterpart, Alexis Tsipras, at a summit in Latvia in an effort to pave the way for a deal to get Greece more loans. The "friendly and constructive exchange" came after a leading official from Tsipras' party warned that Greece will not be able to repay a loan to the International...
Source: The Associated Press
China's mega-tours draw attention abroad, critique at home

BEIJING- All-expenses-paid trips to reward top salespeople aren't unusual, but direct marketing companies that are the Chinese versions of Amway, Avon and Herbalife are taking it to an extreme by sending thousands abroad on package tours. One company is sending 12,700 salespeople to Thailand on a tour that continues until next week. vice-chairman Xu Guowei...
Source: The Associated Press | By: By DIDI TANG, Associated Press
House lawmaker issues subpoena to Fed over leak

The chairman of a U.S. congressional committee subpoenaed Fed documents and communications related to a 2012 leak of information.
Source: Reuters
ANALYSIS-U.S. drivers yield 'swing' oil demand crown to Saudis

NEW YORK, May 22- As the United States raced over the past five years toward becoming a global petroleum powerhouse, the world's biggest oil exporter Saudi Arabia quietly seized a market milestone from America: the largest source of peak summer demand. From June through August, when temperatures in Riyadh routinely rise above 100 degrees Fahrenheit, Saudi...
Source: Reuters | By: Jonathan Leff
FOREX-Dollar nurses losses after U.S. data disappoints

*Profit-taking emerges ahead of UK, US holidays. SYDNEY/ TOKYO, May 22- The dollar nursed modest losses early on Friday, after snapping three days of gains as unimpressive data prompted light profit-taking ahead of speeches by major central bankers and holidays in Britain and the United States. In Asia, the Bank of Japan's policy review at the conclusion of its...
Source: Reuters | By: Lisa Twaronite and Ian Chua