UPDATE 2-Russian rouble nudges higher as tax payments due MOSCOW, May 25- Russia's rouble strengthened slightly on Monday, supported by end-of-month tax payments and weak forex demand, but trade was thin because London and U.S. markets were closed for public holidays. "The situation is being determined by today's local tax payments and the closure of foreign markets," analysts at Nordea Bank said in a note.
'Ugly' potential fallout from Supreme Court health care case WASHINGTON- A Supreme Court ruling due in a few weeks could wipe out health insurance for millions of people covered by President Barack Obama's health care law. But it's Republicans- not White House officials- who have been talking about damage control. A likely reason: Twenty-six of the 34 states that would be most affected by the ruling have Republican...
Source: The Associated Press
| By: By RICARDO ALONSO-ZALDIVAR, Associated Press
Spain's ruling parties punished in the polls Spanish stocks fell over 2 percent on Monday amid political uncertainty after local elections that analysts say usher in a new "era" for the country.
| By: Dhara Ranasinghe
UK PM Cameron outlines who can vote in referendum on EU LONDON- Britain's prime minister on Monday outlined who will be allowed to vote in a referendum on whether or not the country should remain in the European Union, opting to exclude most voters from the 28- nation bloc who live in the U.K.. His plans also include a tour of European capitals to press his case that the EU needs to be reformed, hoping that the upcoming vote...
Source: The Associated Press
| By: By DANICA KIRKA, Associated Press
INTERVIEW-Kazakhstan seeks $3 bln in Chinese loans for copper, aluminium projects ASTANA, May 25- Kazakhstan is seeking loans from China worth around $3 billion to build two new plants to boost copper and aluminium output in the Central Asian nation, Kazakh Deputy Investment and Development Minister Albert Rau told Reuters in an interview. London- listed Kazakh company KAZ Minerals, among the world's major copper producers, announced in...
| By: Raushan Nurshayeva
GLOBAL MARKETS-Asian shares edge down on U.S. rate hike bets TOKYO, May 25- Asian shares got off to a lackluster start on Monday, after rising inflation and a hawkish tone from the U.S. Activity was likely to be thin this session, as UK and U.S. markets are shut on Monday for the Spring Bank Holiday and Memorial Day respectively. MSCI's broadest index of Asia-Pacific shares outside Japan was down about 0.1 percent in early trade.
Japan Inc not as keen as Abe government on nuclear power -Reuters poll Prime Minister Shinzo Abe's government last month proposed bringing nuclear energy back to account for 20-22 percent of the nation's electricity mix by 2030, seeking to reduce Japan's huge reliance on imported fossil fuels and lift the economy out of two decades of anaemic growth. But slightly more than two-thirds of firms in the Reuters Corporate Survey,...
| By: Tetsushi Kajimoto and Yuka Obayashi