* Average German bond bought in May is loss making* To see a chart:* (Writes through)By Francesco Canepa and Balazs KoranyiFRANKFURT, June 6 (Reuters) - The European Central Bank bought a record proportion of loss-making German government bonds last month, data showed on Tuesday, in a sign it may be running out of positive-yielding paper to buy for its massive stimulus programme.The threat of loss...Read More

FRANKFURT, June 6 (Reuters) - Bayer AG said it was further reducing its stake in plastics and chemicals subsidiary Covestro from 53.3 percent, part of a plan to sever ownership ties completely over the medium term.As part of three separate transactions, the German drugmaker said on Tuesday it had started placing 1 billion euros ($1.1 billion) in Covestro shares on the open market in an accelerated...Read More

AMSTERDAM, June 6 (Reuters) - Stricter international banking rules could hurt the supply of mortgages in the Netherlands, possibly harming a key engine behind the country's economic recovery, a government policy body said on Tuesday.The Netherlands' Bureau for Economic Policy Analysis (CPB) said rules proposed by the Basel Committee on Banking Supervision would increase the risk profile of Dutch b...Read More

MADRID, June 6 (Reuters) - The Bank of Spain's head said on Tuesday he was not prepared to answer questions about the situation of troubled Banco Popular , which is running out of time to find a buyer before a self-imposed June 10 offer deadline.Asked about Popular's situation, Luis Maria Linde told Spain's Senate: "It's simple, now is not the time. I haven't come prepared for that."Popular's shar...Read More

(Adds quote, details)By Camillus EbohABUJA, June 6 (Reuters) - Nigeria's government is seeking approval from lawmakers to borrow $1.5 billion from international lenders to fund projects in a number of the country's states, a letter by the acting president said on Tuesday.The OPEC member, which has Africa's largest economy, is grappling with its first recession in 25 years which was largely brough...Read More

ROME, June 6 (Reuters) - The collapse of two regional banks in Italy's Veneto region would trigger a systemic crisis that risked dragging down the whole domestic economy, Economy Undersecretary Pierpaolo Baretta said on Tuesday.Banca Popolare di Vicenza and Veneto Banca have requested a state bailout to help fill a combined capital shortfall of 6.4 billion euros ($7.2 billion).However, sources hav...Read More

* Former FBI director to testify before Congress on Thursday* UK election outcome, ECB meeting also on same day* Oil falls further below $50 as Mideast rift weighs* Dow down 0.12 pct, S&P off 0.12 pct, Nasdaq up 0.08 pct (Adds details, changes comment, updates prices)By Tanya AgrawalJune 6 (Reuters) - U.S. stocks edged lower in late morning trading on Tuesday as investors shunned riskier assets ah...Read More

Stocks fell back into the red on Tuesday as investors awaited clarity on a number of market-moving events with geopolitical ramifications later in the week. The S&P 500 was down 0.2%, the Dow Jones Industrial Average slid 0.16%, and the Nasdaq fell 0.04%. Wall Street wasn't able to extend a record-breaking streak into a third session on Monday as a terror attack in London and lower oi...Read More

* TSX up 1.97 points, or 0.01 percent, to 15,411.75* Six of the TSX's 10 main groups were down TORONTO, June 6 (Reuters) - Canada's main stock index held steady on Tuesday as investors, wary over political uncertainties from the United States to the Middle East, shied way from riskier assets, and gold mining companies, bolstered by a surge in bullion prices, offset declines. At 10:34 a.m. ET (14...Read More

* Dollar sinks below 110 yen for first time in six weeks* Three significant "risk events" due on Thursday* Graphic: World FX rates in 2017 (Updates with U.S. market open, changes dateline; previous LONDON)By Saqib Iqbal AhmedNEW YORK, June 6 (Reuters) - The dollar fell to a more than six-week low against the yen on Tuesday, dipping below a key technical level as treasury yields slipped on heighten...Read More

JOHANNESBURG, June 6 (Reuters) - South Africa's negative economic growth is a risk to fiscal targets and puts pressure on the government to intensify growth programmes as a matter of urgency, the Treasury said on Tuesday.South Africa entered recession for the first time in eight years, led by weak manufacturing and trade, data from Statistics South Africa showed. "This worse-than-expected GDP outc...Read More

ABUJA, June 6 (Reuters) - Nigeria's government is seeking approval from lawmakers to borrow $1.5 billion from international lenders to fund projects in a number of the country's states, a letter by the acting president said on Tuesday.The letter by Yemi Osinbajo, was read out in both chambers of parliament. President Muhammadu Buhari handed over power to Osinbajo before travelling to Britain on me...Read More

* Longer-dated yields touch lowest levels since November* Investors eye U.K. election, ECB meeting, Comey testimony* China may buy more U.S. bonds as yuan steadies -Bloomberg (Updates market action, adds quote)By Richard LeongNEW YORK, June 6 (Reuters) - U.S. Treasury yields fell on Tuesday as nervous investors favored bonds and other safe-haven assets ahead of a trio of events on Thursday: Britai...Read More

By Oludare MayowaLAGOS, June 6 (Reuters) - Nigerian stocks slipped for the first time in two weeks after some investors decided to book profits from a rally that had pushed the market index to a 23-month high.The index dropped 1.16 percent to 32,200 points as Dangote Cement and First Bank shed some of their gains made in the last week. The market rally began on May 22. Shares in Dangote Cement , w...Read More

OTTAWA, June 6 (Reuters) - The pace of purchasing activity in Canada slowed substantially in May as measures of prices, employment and supplier deliveries declined, according to Ivey Purchasing Managers Index data released on Tuesday.The seasonally adjusted index fell to 53.8 from 62.4 in April. A reading above 50 indicates an increase in the pace of activity.However, the unadjusted index rose to...Read More

* Qatar rebounds early on but soon falls back* Stocks related to foreign trade are hit hard* Saudi petchems hit after Qatar crisis pulls down oil prices* Drake & Scull continue rebound in Dubai* Egypt's Remco Tourism leaps on sales plan By Andrew TorchiaDUBAI, June 6 (Reuters) - Most Gulf stock markets fell on Tuesday as the diplomatic crisis surrounding Qatar worried investors, while Egypt's equ...Read More

Mr.Mark Kolebaba reportsADAMERA STARTS DRILLING IN WASHINGTON STATEAdamera Minerals Corp.'s2017 drilling program in Washington State is under way. The first hole to be drilled is on the Oversight target immediately east of the past-producing Overlook gold mine. The drill hole will test a 70-metre deep VTEM (versatile time-domain electromagnetic) conductor supported by soil geochemistry (see May 24...Read More

NAIROBI, June 6 (Reuters) - The Monetary Policy Committee of Kenya's central bank will meet to set lending rates on July 17, the bank said on Tuesday.At its meeting in late May, the policymakers held the bank's benchmark lending rate at 10.0 percent. (Reporting by George Obulutsa) Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc...Read More

MADRID, June 6 (Reuters) - The Bank of Spain's head said on Tuesday the Spanish economy could grow faster in 2017 than previously forecast, possibly above 3 percent."It can't be ruled out that the growth estimated for this year will be greater than anticipated a few months ago, and could even be above 3 percent," Luis Maria Linde said in a speech at Spain's Senate.In April, the Bank of Spain forec...Read More

JOHANNESBURG, June 6 (Reuters) - South Africa's Treasury sold a total of 2.65 billion rand ($207 million) worth of its 2035 , 2044 and 2048 instruments on Tuesday.Yields fell compared with previous auctions.R2035 BOND: Feb 28, 2035 - 8.875 pct couponAuction date:06/06/17 09/05/17Best bid %9.23 9.48Worst bid % 9.59.665Clearing yield %9.39 9.515Total bids (R'bln)1.79 2.475Allotted (R'bln)0.90.9Bid-t...Read More