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Japan's Abe to delay sales tax hike until 2019: government source

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TOKYO Japanese Prime Minister Shinzo Abe plans to delay an increase in sales tax by two and a half years, a government official said on Sunday, as the economy sputters and Abe prepares for a national election.


Fed reaction to data barrage is focus for stocks

NEW YORK Data on inflation and employment, two of the economic indicators most important to a "data-dependent" U.S. Federal Reserve are expected next week.

28 May 2016

Yellen says Fed rate hike likely appropriate in coming months

CAMBRIDGE, Mass. The Federal Reserve should raise interest rates "in the coming months" if the economy picks up as expected and jobs continue to be generated, U.S. central bank chief Janet Yellen said on Friday, bolstering the case for a rate increase in June or July. | Video

28 May 2016

Wall Street puts finishing touch on best week since March

Wall Street rose on Friday and capped off its strongest week since March after U.S. Federal Reserve Chair Janet Yellen said an interest-rate hike would likely be appropriate "in the coming months." | Video

28 May 2016

Verizon strike seen lowering U.S. May payrolls by 35,000 jobs

WASHINGTON The strike by Verizon Communications Inc workers will probably trim U.S. non-farm payroll growth in May by at least 35,000 jobs, a Labor Department report showed on Friday.

27 May 2016

U.S. economic growth revised higher in first quarter

WASHINGTON U.S. economic growth slowed in the first quarter although not as sharply as initially thought, as a surge in home building and steady inventory accumulation partially offset the drag from a steep decline in business investment.

28 May 2016
World Markets

UPDATE 2-State Bank of India's outlook eases pain of profit fall

* Central bank-ordered bad loan clean-up has hurt Indian banks (Adds SBI guidance, other state-run bank results)

27 May 2016

European shares advance as Roche rally lifts pharma stocks

* Banks impacted by slump at Spain's Banco Popular (ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets for site in development. See the bottom of the report for more details) Adds details, prices)

European shares advance as Roche rally lifts pharma stocks

* Banks impacted by slump at Spain's Banco Popular (ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets for site in development. See the bottom of the report for more details) Adds details, prices)

Hong Kong shares end at 3-week high on hopes of more China link-ups

May 27 - Hong Kong shares reversed morning losses and closed at a three-week high on Friday, buoyed by hopes that Beijing will soon expand cross-border investment opportunities between Hong Kong and China.

27 May 2016
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Nikkei 16,834.84 + 62.38 +0.37%
Hang Seng 20,576.77 + 179.66 +0.88%
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USD/INR 67.021 --
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Gold 1,212.40 -6.60 -0.54%
Oil 49.56 -0.15 -0.30%
Corn 413.25 +5.00 +1.22%

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