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Euro gain

The euro, which has fallen against the dollar for 17 of the last 20 trading days through May 25, gained 0.2 percent to $1.2539 on new polls showing that Greece’s pro-bailout parties are gaining ground.

Oil spurt

Oil rose for a third day in New York, with crude for July delivery up 28 cents to $91.14 a barrel in electronic trading on the NYMEX. Markets were closed yesterday here due to the Memorial Day holiday.

JPM-China

JPMorgan Chase has injected $394 million (2.5 billion yuan) into its China unit, joining HSBC, and Singapore’s DBS Group, in beefing up operations in China, which has the world’s No. 2 economy.

No deals

Former UK Prime Minister Tony Blair told a media ethics inquiry he never made “implied deals” on press regulation with News Corp. Chairman Rupert Murdoch in exchange for political support from his newspapers. Blair testified at the inquiry triggered by the phone-hacking scandal at News Corp.’s News of the World tabloid. The New York Post is owned by News Corp.

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