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  • LONDON, April 28- Brent crude futures slipped on Tuesday ahead of weekly U.S. crude inventory data that is expected to hit another high, but a weaker dollar helped to put a floor under prices. Brent June crude futures had slipped 8 cents to $64.75 a barrel by 1058 GMT, after touching a low of $63.90 earlier in the session. June crude fell 26 cents to $56.73 a barrel,...

  • BEIJING— China Telecom Ltd., one of China's three main state-owned phone carriers, says its quarterly profit fell 9 percent from a year earlier due to tax changes and a rise in personnel costs. The Beijing- based company said Tuesday it earned 5 billion yuan in the three months ended March 31. Profit in China's state-owned telecoms industry has been squeezed by...

  • LONDON, April 28- Oil prices fell on Tuesday ahead of weekly U.S. crude inventory data that is expected to hit another high, withdrawing further from a rally that saw Brent crude futures touch a 4 1/ 2 month high on Friday. Brent June crude futures fell 43 cents to $64.40 a barrel by 0920 GMT. June crude fell 40 cents to $56.59 a barrel.

  • Hong Kong shares end flat, oil giants slump Tuesday, 28 Apr 2015 | 4:22 AM ET

    April 28- Hong Kong stocks ended flat on Tuesday as strength in financial shares was offset by a slump in oil giants PetroChina and Sinopec Corp.. After a surge early this month that was triggered by Beijing's move to let mainland mutual funds buy Hong Kong shares through a key cross-border investment scheme, the Hong Kong market has entered a period of...

  • MELBOURNE, April 28- London copper edged up on Tuesday, supported by a weaker dollar and expectations that China may adopt fresh measures to shore up its struggling manufacturing sector. "But, obviously, generally China's overall economy is not that good at the moment, which is why the Chinese government has made these decisions. A senior official at China's top...

  • China stocks ease off seven-year highs, but banks firm Tuesday, 28 Apr 2015 | 3:15 AM ET

    SHANGHAI, April 28- China stocks ended lower on Tuesday, easing off a new seven-year high, as a tumble in start-up board ChiNext soured investor sentiment despite strength in banking stocks. The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 1.4 percent, to 4,741.86, while the Shanghai Composite Index lost 1.1 percent, to 4,476.21...

  • SHANGHAI, April 28- China's Ministry of Finance has warned of slowing tax revenue growth and told local authorities to hasten issuance of newly-approved municipal bond debt- signalling official concern over provincial budgets at a critical time for the economy and planned fiscal reforms. In a statement, the Ministry of Finance urged local finance bureaus to "...

  • BEIJING, April 28- China's Tencent Holdings Ltd launched on Tuesday an operating system for internet-connected devices such as TVs and watches that is open to all developers, taking on domestic rivals Alibaba Group Holding Ltd and Xiaomi Inc in the smart hardware space. This model mirrors Google Inc's Android mobile OS, and could help Tencent replicate the U.S....

  • *Saudi Arabia says ready to supply more oil to China if needed. SINGAPORE, April 28- Oil fell more than 1 percent on Tuesday ahead of weekly U.S. crude inventory data that is expected to hit another high and as Saudi Arabia pledged to supply more oil to China if needed. Brent June crude futures had dropped 75 cents to $64.08 a barrel by 0458 GMT.

  • China stocks ease as small caps slump, Hong Kong slips Tuesday, 28 Apr 2015 | 1:03 AM ET

    SHANGHAI, April 28- Chinese shares fell early on Tuesday led by a tumble in small-cap stocks, but banks surged amid speculation that China's central bank is considering buying commercial bank assets. The People's Bank of China could offer more funds for state banks to buy local government bonds, some analysts suggested, a move that would be targeted more at...

  • WASHINGTON, April 28- President Barack Obama will host Japanese Prime Minister Shinzo Abe for White House talks on Tuesday to showcase newly strengthened defense ties and advance a long-delayed Pacific trade deal as the two allies seek to counter China's rising influence in Asia. A deal between economic power houses Japan and the United States is vital to...

  • WASHINGTON— Eager to build on the U.S.- Japan alliance, President Barack Obama and Prime Minister Shinzo Abe will work to strengthen economic ties further while confronting stiff resistance from the U.S. president's own political party to a massive new Pacific Rim trade deal. The U.S. and Japan are the agreement's biggest participants and the talks between...

  • BEIJING, April 28- Huawei Technologies Co Ltd launched on Tuesday the Honor 4 C smartphone, the latest bid by the Chinese technology firm to gain market share in the highly competitive budget handset segment from domestic rivals such as Xiaomi Inc.. To cut on marketing costs, the Honor 4 C will be sold primarily online through outlets including Alibaba Group...

  • SHANGHAI, April 28- China's yuan rebounded against the dollars on Tuesday after the central bank set a firmer midpoint, with traders suspecting big state-owned banks sold dollars to support the currency. The People's Bank of China set the midpoint at 6.1209 per dollar, a fresh three-month high, prior to the market open, firmer than the previous fix at 6.122.

  • April 28- Fair and stable oil prices will benefit producers and consumers, allowing global supply and demand to grow at a steady pace, Saudi Arabia's Oil Minister Ali al-Naimi said on Tuesday. The slide in oil prices since the middle of last year deepened after Saudi Arabia and other OPEC nations refused to cut production in November in a bid to maintain market...

  • MELBOURNE, April 28- London copper edged up on Tuesday, supported by a weaker dollar and expectations that China may adopt fresh measures to shore up its struggling manufacturing sector. "But, obviously, generally China's overall economy is not that good at the moment, which is why the Chinese government has made these decisions. A senior official at China's top...

  • PetroChina profit down 82 percent on low oil price Monday, 27 Apr 2015 | 10:47 PM ET

    BEIJING— State-owned PetroChina Ltd., Asia's biggest oil and gas producer, says its quarterly profit declined 82 percent from a year earlier due to a sharp decline in oil prices. PetroChina, one of the world's most valuable companies by market capitalization, cited a "significant drop of prices of crude oil and refined oil," slower Chinese economic growth and a "...

  • Oil Minister Ali al-Naimi told officials in Beijing that the kingdom was ready to supply China with additional oil if required, the Saudi Press Agency said on Monday. *A poll of five analysts, taken ahead of weekly inventory reports from industry group the American Petroleum Institute and the U.S. Department of Energy's Energy Information Administration,...

  • SHANGHAI, April 28- China Railway Construction Corp Ltd has signed two deals worth a combined $5.5 billion for construction projects in Africa, Xinhua reported late on Monday, as the country's railway firms increasingly flex their muscle overseas. CRCC's China Civil Engineering Construction Corporation unit will work on a $3.5 billion intercity railway...

  • Is China seeing a fool's rally?   Monday, 27 Apr 2015 | 8:14 PM ET
    Is China seeing a fool's rally?

    Viktor Shvets, head of Strategy Research for Asia at Macquarie, says the rally in Chinese markets will be supported by more aggressive easing in fiscal and monetary policy.