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Greek current account swings to surplus in May, tourism revenues rise

Greece's current account balance swung to a surplus in May compared to the same month a year earlier on the back of improvements in all of its main components, including the services and trade balances, the Bank of Greece said on Monday. Central bank data showed the surplus at 191 million euros ($225.14 million) from a deficit of 658 million euros in May 2017. Tourism revenues increased to 1.475 billion euros from 1.095 billion in the same month a year earlie

Rosneft acknowledges shortcoming in 2016 stake sale funding

A decision to fund the purchase of a stake in Russian oil major Rosneft via loans from European banks was not effective, Rosneft Chief Executive Igor Sechin said, acknowledging for the first time issues around the financing of the 2016 deal.

METALS-London copper steady, trade tensions crimp demand outlook

London copper was steady on Monday, holding above a one-year low hit last week, as concerns simmered that mounting trade tariff spats could dent demand, while a weaker dollar cushioned losses. Fears of a demand hit from the imposition of tariffs on the automotive sector caused copper and aluminium to soften, while lead and zinc were also heavily sold on expectations of rising supply, Morgan Stanley said i

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U.S. lawmakers cut anti-ZTE measure from defense bill

WASHINGTON U.S. lawmakers cut measures from a defense bill that would have reinstated sanctions on China's ZTE Corp, abandoning an attempt to punish the company for illegally shipping U.S. products to Iran and North Korea.