News

Three weeks to go until Brussels gathering, but hopes of breakthrough rapidly receding

MOSCOW, June 4 (Reuters) - Russian President Vladimir Putin on Monday signed into law counter-sanctions legislation that was drawn up by lawmakers in response to U.S. sanctions imposed on Russia in April.

Lisa Osofsky wants to step up agency’s fight against economic crime

MOSCOW, June 4 (Reuters) - Russia's central bank would have reasons both to cut its key interest rate and to leave it unchanged at its rate-setting meeting later this month, First Deputy Governor Ksenia Yudayeva said on Monday. (Reporting by Elena Fabrichnaya; writing by Maria Kiselyova; Editing by Toby Chopra)

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MILAN, May 31 (Reuters) - Italy's third largest bank, Banco BPM, is looking to sell part of its debt servicing unit as it strives to meet its bad-loan reduction goals two years ahead of time, sources familiar with the matter said.

* Air France up 7 pct as AccorHotels interested in a stake (Updates prices, adds quotes, details)

* U.S. summer driving season raises demand, may cut inventories (Updates detail, comment, prices; paragraphs 2, 12-13)

MOSCOW, June 4 (Reuters) - Russia's government has proposed to inject 5 billion roubles ($81 million) into the capital of Promsvyazbank, a bank lending to sanctioned businesses, Finance Minister Anton Siluanov said on Monday.

* Additional production lines possible in Japan (Adds comments on Samsung competition, capacity boost)

LONDON, June 4 (Reuters) - British shares rose on Monday as a flurry of deals lifted investors' mood and helped brush aside fears about a possible full-blown trade war between the U.S. and some of its closest partners.