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LME launches two consultations on reforms in wake of nickel crisis

LONDON (Reuters) - The London Metal Exchange (LME) launched two consultations on Wednesday on possible reforms in the wake of last year's crisis in nickel trading, saying it was following up on an action plan set out in March. | 11:21am

Food-loving French tighten belts as supermarket prices soar

PARIS (Reuters) - France prides itself on taking its food seriously, but many consumers are now tightening their belts or skimping on quality, hit by a record inflation rate that threatens to serve up another political headache for the government. | 09:14am

Inflation dips in German states, pointing to national drop

BERLIN (Reuters) - Inflation eased in five economically important German states in the month of May, preliminary data showed on Wednesday, suggesting that national price rises are set to slow to their lowest in more than a year. | 05:10am

South Africa s Transnet suspends iron ore railway due to cable theft

CAPE TOWN (Reuters) - South Africa's freight logistics group Transnet has suspended operations on its main iron ore railway line due to cable theft, it said in a statement on Wednesday. | 02:14pm

China Factory Outlook Pressures Asian Stock Markets

(MT Newswires) Asian stock markets fell back on Wednesday, after Beijing reported soft factory data for May, undercutting confidence in the recovery of the Sino economy, the region's behemoth. Hong Kong, Shanghai and Tokyo lost ground, as did other reg. | 06:53am

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