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  • *Saudi Arabia tells China ready to supply more oil if needed. NEW YORK, April 27- Crude settled lower on Monday as ample global supply blunted support from the conflict in Yemen and the falling number of U.S. rigs drilling for oil and kept traders cautious after prices reached 2015 peaks last week. "While the situation in Yemen and the falling U.S. rig count have...

  • *Gold prices recover from five-week lows. NEW YORK/ LONDON, April 27- Gold jumped more than 2 percent on Monday to above $1,200 an ounce, on track for its biggest one-day rise since January as the rally had some dealers scrambling to cover short positions and the May options expiry triggered more buying. "It's quite undervalued and we've had a long period of...

  • NEW YORK, April 27- Oil futures seesawed in volatile trading on Monday as the conflict in Yemen and falling U.S. rig counts lent support, while ample global supply kept market participants cautious after prices reached 2015 peaks last week. Saudi-led aircraft pounded Iran- allied Houthi militiamen and rebel army units in Yemen on Monday as a humanitarian crisis...

  • *Nepal's health system creaking under pressure. KATHMANDU, Nepal, April 27- Nepalese officials scrambled on Monday to get aid from the main airport to people left homeless and hungry by a devastating earthquake two days earlier, while thousands tired of waiting fled the capital Kathmandu for the surrounding plains. A senior interior ministry official said it...

  • China wine growers beat France into second place Monday, 27 Apr 2015 | 11:02 AM ET

    PARIS, April 27- China overtook France last year as the world's second largest wine grower by area under cultivation as it continued to plant vast fields of mostly imported grape vines to meet growing demand. It now accounts for 10.6 percent of the world's wine area against 10.5 percent for France and 13.5 percent for world No.1 grower, Spain.

  • *U.S. rig count drops to lowest since 2010- Baker Hughes. Fighting in Yemen raged on as Saudi Arabia continued its air strikes against Houthi militia forces in Aden. While Yemen itself is not among the biggest oil producers in the region, Gulf producers ship oil along the Gulf of Aden on Yemen's southern coast and through the narrow straits of Bab el-Mandeb, between...

  • *Nepal's health system creaking under pressure. KATHMANDU, Nepal, April 27- Nepalese officials scrambled on Monday to get aid from the main airport to people left homeless and hungry by a devastating earthquake two days earlier, while thousands tired of waiting fled the capital Kathmandu for the surrounding plains. A senior interior ministry official said it...

  • BEIJING— The general manager of China's largest oil refiner, Sinopec, has been placed under criminal investigation amid an ongoing crackdown on corruption. China's state-dominated energy sector has come under special scrutiny amid President Xi Jinping's wide-ranging anti-graft crackdown. Those arrested include the former head of China's biggest...

  • *Gold prices recover from five-week lows. LONDON, April 27- Gold rose back above $1,185 an ounce on Monday, recovering from the previous session's five-week low, as investors awaited the Federal Reserve's policy meeting later this week for clues on the timing of a U.S. rate increase. Spot gold was up 0.6 percent at $1,186.10 an ounce at 1213 GMT, while U.S. gold futures...

  • *Gold prices recover from five-week lows. LONDON, April 27- Gold edged back above $1,180 an ounce on Monday, recovering from the previous session's five-week low, as lingering concerns over Greece pressured European stocks, curbing a broad-based rally in equity markets. Spot gold was up 0.3 percent at $1,182.45 an ounce at 1012 GMT, while U.S. gold futures for June...

  • Nam Tai posts 1Q loss Monday, 27 Apr 2015 | 6:15 AM ET

    SHENZHEN, China _ Nam Tai Property Inc. on Monday reported a loss of $21,000 in its first quarter. On a per-share basis, the Shenzhen, China- based company said it had a loss of less than 1 cent. This story was generated by Automated Insights using data from Zacks Investment Research.

  • SHANGHAI, April 27- China's yuan weakened against the dollar by the most in 13 months on Monday after strong dollar demand paired with a sudden absence of dollar liquidity pushed the Chinese currency lower. "Client dollar demand has remained strong most of this year, while major state-owned banks are suspected to have supplied liquidity on behalf of the central...

  • LONDON, April 27- Stimulus hopes fuelled a 3 percent Chinese equity surge on Monday, boosting Asian currencies and pushing emerging stocks to 7-1/ 2- month highs, though Russian markets tumbled, with the rouble down 1.8 percent to the dollar. Taiwan, the third biggest component of MSCI index after China and South Korea, touched new 15- year highs.

  • Sohu.com reports 1Q loss Monday, 27 Apr 2015 | 5:03 AM ET

    BEIJING _ Sohu.com Inc. on Monday reported a loss of $31.1 million in its first quarter. For the current quarter ending in June, Sohu.com expects its per-share earnings to range from 90 cents to $1.15. Sohu.com shares have climbed 27 percent since the beginning of the year.

  • *World shares hit new high, Greece worries pull Europe down. LONDON, April 27- World shares hit a new high on Monday, led by China, though the global rally faded in Europe as investors looked ahead to central bank meetings in the United States and worried over Greece. The FTSEurofirst 300 index was down 0.4 percent, hit by concern about a lack of progress in talks between...

  • Hong Kong stock up on HSBC, state firm merger hopes Monday, 27 Apr 2015 | 4:19 AM ET

    April 27- Hong Kong stocks advanced to fresh seven-year highs on Monday, led by Chinese state-owned giants on expectations that Beijing will accelerate mergers among state-owned enterprises. The market was also bolstered by index heavyweight HSBC Holdings Plc, which jumped 3.6 percent after Europe's biggest bank ordered a review into whether it should...

  • *Eyes on Greece as talk of' plan B' swirls. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6 percent, led by solid gains in Greater China, with Hong Kong shares hitting a seven-year high and Taiwanese shares a 15- year high. European shares are seen mixed, with spreadbetters expecting 0.2 percent gains in Germany's DAX and largely flat openings...

  • SHANGHAI, April 27- Stocks in China and Hong Kong rose to fresh seven-year highs on Monday morning, led by heavyweight Chinese state-owned enterprises on expectations that Beijing will accelerate mergers in the underperforming sector. "We don't see a slowdown in money inflows, so more liquidity will likely push stock indexes higher," wrote Sun Jianbo,...

  • *Nepal's health system creaking under pressure. KATHMANDU, April 27- Hundreds of Nepalis were fleeing the capital Kathmandu for the plains on Monday, terror-stricken by two days of powerful aftershocks following a massive earthquake that killed more than 3,200 people and faced with shortages of food and water. "We are escaping," said Krishna Muktari, who runs a...

  • China stocks: This may spark another round of buying Monday, 27 Apr 2015 | 12:28 AM ET
    A woman holding balloons walks near Oriental Pearl Radio & TV Tower in Shanghai

    China shares have surged this year, but with active fund managers still underexposed to the market, the rally isn't over, Goldman Sachs said.