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Europe News Europe

  • *Russia confident of meeting end-April output cut target. NEW YORK, April 28- Oil prices edged up on Friday on optimism among investors that OPEC would agreed to extend production cuts aimed at ending a global glut into the second half of the year. U.S. light crude rose 18 cents to $49.15 a barrel at 4:03 p.m. EDT, off the day's high of $49.76.

  • *More suits threatened to follow in the United States. April 28- ASML, the world's third largest semiconductor equipment maker, said on Friday it had counter-sued rival Nikon, after the Japanese company launched a wide-ranging patent battle against the Dutch company this week. They were brought in Japan by ASML on its own and jointly with its partner Carl Zeiss, a...

  • NEW YORK, April 28- Don't look for the outperformance of growth stocks to fade any time soon, as long as corporate earnings continue to improve and hopes remain for stronger economic growth. Growth stocks- whose profits are expected to grow at a faster pace than the broader market- are also outperforming their value counterparts in Asia and Europe.

  • CHICAGO, April 28- U.S. corn and soybean futures fell on Friday on the prospect of dry weather for key Midwest production areas in early May, which would give farmers access to fields during a crucial planting window, traders said. "Nearly week of drying ahead then allows recovery in most of Midwest, limits risk for standing water in corn/wheat," Commodity Weather...

  • New York Attorney General Eric Schneiderman, who sided with the previous administration's EPA to defend the Clean Power Plan, brushed off the court's move, saying it simply puts the litigation on hold for 60 days. Todays temporary pause in the litigation does not relieve EPA of its legal obligation to limit carbon pollution from its largest source:...

  • LONDON, April 28- Ratings agency Standard& Poor's said Prime Minister Theresa May's decision to call a snap national election on June 8 could increase the chances of a good Brexit deal for Britain, but there were risks of a surprise outcome from the June 8 poll. S&P, which has long said Brexit poses a threat to Britain's economy, said the expected bigger...

  • LONDON _ Lloyds Banking Group PLC on Thursday reported first-quarter profit of $1.1 billion. The London- based bank said it had earnings of 5 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • MILAN, April 28- Milan tax police have told Amazon they believes the world's largest online retailer has evaded around 130 million euros of taxes in Italy, a source close to the matter said on Friday. The allegedly unpaid taxes refer to the period between 2011 and 2015, when Amazon made revenues of around 2.5 billion euros in Italy, the source said.

  • The Trump administration won a legal victory over a climate policy implemented under Barack Obama

  • *Russia confident of meeting end-April output cut target. NEW YORK, April 28- Oil prices were little changed on Friday in a see-saw session, retreating from session highs and headed for weekly declines on lingering questions about whether OPEC will extend output cuts at its May meeting and whether it will reduce a global crude glut enough to boost prices.

  • *MSCI World index poised for best month since 2006. NEW YORK, April 28- World stock markets dipped on Friday, with U.S. equities losing ground after a soft reading on first-quarter economic growth, while the euro strengthened as euro zone inflation rose to hit the European Central Bank's target. "The GDP numbers today are questioning the robustness of the economy...

  • LONDON, April 28- Ratings agency Standard& Poor's said on Friday that Britain's decision to leave the European Union had created "a heightened risk" around the country's large borrowing needs and could put strains on the historic make-up of the United Kingdom too. S&P, in a statement affirming the possibility of a further downgrade Britain's sovereign debt...

  • Frankfurt prosecutors say a 43- year-old Japanese man, a 40- year-old Japanese woman and a 39- year-old man from the U.S. were arrested late Thursday in Berlin. Prosecutors say the three suspects and a 38- year-old Japanese woman who's still on the run received at least 2.3 million euros from the sale of drugs online since September 2012. Authorities seized...

  • April 28- U.S. stocks were slightly lower in early afternoon trading on Friday after data showed the economy grew at its weakest pace in three years in the first quarter. Other data showed that the University of Michigan's final April consumer sentiment index was at 97, below analysts' expectations of 98.. "The U.S. consumer spending is the most sensitive part of...

  • HOUSTON, April 28- Rising crude prices helped Chevron Corp and Exxon Mobil Corp easily beat analysts' quarterly profit expectations on Friday, setting an upbeat tone as the two companies press ahead with shale oil expansions. Chevron swung to a $2.68 billion quarterly profit and turned cash flow positive, earning more than it spent, a milestone Wall Street...

  • DETROIT, April 28- General Motors Co on Friday reported a record quarterly first-quarter profit on robust sales of its large pickup trucks and crossovers in the United States, as uncertainty surrounds the overall pace of domestic auto sales for the industry. The results demonstrate that GM will "continue to strengthen the core business, generate the best...

  • Dara Khosrowshahi, chief executive officer of Expedia Inc.

    Timing was a major factor in Expedia's first-quarter earnings miss, Expedia CEO Dara Khosrowshahi tells CNBC.

  • "If you look at what's happening in financial markets in general, there has been a reflection of more optimism than there was at this time last year," said Jim Smith, president and chief executive officer of Thomson Reuters, in an interview with Reuters on Friday. Thomson Reuters, the parent of Reuters News, competes for financial customers with Bloomberg LP, as well...

  • New York Attorney General Eric Schneiderman, who sided with the previous administration's EPA to defend the Clean Power Plan, brushed off the court's move, saying it simply puts the litigation on hold for 60 days. Todays temporary pause in the litigation does not relieve EPA of its legal obligation to limit carbon pollution from its largest source:...

  • LONDON/ MILAN, April 28- European shares eased on Friday as investors took profits, but sealed their strongest week since December as political worries subsided and brokers forecast strong earnings growth would underpin valuations. The STOXX 600 index closed 0.2 percent lower at 387.09, adding to the previous session's losses, while Britain's FTSE was down...