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DIARY- Top Economic Events to June 4

SINTRA, Portugal- European Central Bank board member Vitor Constancio chairs session 2 on "Structural Perspectives on European Employment, Productivity, and Growth in a Global Context" at an ECB forum on Central Banking "Inflation and Unemployment in Europe"- 0800 GMT. SINTRA, Portugal- Federal Reserve Vice Chair Stanley Fischer participates in a panel...
Source: Reuters
ISIS' latest victory puts valuable relics at risk

ISIS' seizure of Palmyra intensified fears that the 2,000-year-old site's archaeological treasures would be destroyed, NBC News reports.
Source: NBC News | By: Henry Austin
DIARY- Top Economic Events to June 3

SINTRA, Portugal- European Central Bank forum on central banking. Speakers:- ECB President Mario Draghi and board member Peter Praet, IMF Economic Counsellor Olivier Blanchard, BoE Governor Mark Carney, Central Bank of Mexico Governor Agustin Carstens, Central Bank of Ireland Governor Patrick Honohan, Organisation for Economic Co-operation and Development...
Source: Reuters
Pope's climate change aide urges business to favour planet over profit

The remarks came as the Vatican is due to release a papal encyclical, or formal letter, on the issue. Cardinal Peter Turkson, who helped draft the encyclical, said the paper would be presented in the second half of June, two months before the pope is due to address the U.S. Congress and a United Nations meeting on sustainable development. "Our lives must become more...
Source: Reuters | By: Alessandra Galloni
Macau is slowing but party's not over: James Packer

The downturn in the once-booming gambling hub of Macau has been far sharper than anticipated, says billionaire gaming mogul James Packer, but he insists the party is not over yet.
Source: CNBC.com | By: Ansuya Harjani
UPDATE 1-IMF nudges up Italy growth forecasts, calls for reforms

*IMF raises Italy 2015 GDP forecast to 0.7 pct from 0.5 pct. ROME, May 18- The International Monetary Fund raised slightly its forecasts for Italy's economy this year and next on Monday and said Rome should take advantage of favorable external conditions to push through much-needed reforms. The IMF's mission chief, Petya Koeva Brooks, said low interest rates, the...
Source: Reuters | By: Gavin Jones
Renzi's forced pension payout makes Italy's budget task harder

ROME, May 17- Italy will pay out an extra 2 billion euros to pensioners in August to respect a ruling from the constitutional court which overturned part of a landmark 2012 reform, Prime Minister Matteo Renzi said on Sunday. Last month's ruling by the court has posed a major headache for Renzi's government, which has struggled to keep public finances within the...
Source: Reuters | By: James Mackenzie
Confident Delta CEO predicts fewer flight delays this summer

ATLANTA- Delta Air Lines CEO Richard Anderson leans back in his chair, smiles and explains why he's so happy. With a healthy balance sheet, Anderson, who just turned 60, is now focusing on a fight with government-backed Middle East airlines, building long-term partnerships with other international carriers and improving the onboard experience for passengers.
Source: The Associated Press | By: By SCOTT MAYEROWITZ, AP Airlines Writer
Facebook pushes to improve benefits, pay for contractors

The new requirements include a minimum wage of $15 an hour, at least 15 paid days off per year, and for those who don't receive paid parental leave, a $4,000 "new child benefit" for new parents. The move comes amid a nationwide push to pay low-wage workers at least $15 per hour and improve other benefits. The announcement was delayed following the sudden death of...
Source: The Associated Press | By: By BARBARA ORTUTAY, AP Technology Writer
WRAPUP 3-Euro zone economy picks up pace but Germany lags

*Germany slows as foreign markets struggle. BRUSSELS, May 13- A slowdown in Germany weighed on the euro zone in the first quarter, but the bloc's economy still grew at its fastest in almost two years as cheap food and fuel boosted spending and a central bank stimulus program kicked in. Domestic demand was certainly behind the improved growth in France and Italy, and...
Source: Reuters | By: Jan Strupczewski