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  • *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...

  • US stocks rising at start of busy week for earnings Monday, 27 Apr 2015 | 1:37 AM ET

    NEW YORK— U.S. stocks mostly rose as trading opened Monday with investors looking ahead to a busy week for earnings news and a meeting by the Federal Reserve on interest rates. KEEPING SCORE: The Dow Jones industrial average rose 71 points, or 0.4 percent, to 18,150 as of 10:02 a.m. Eastern time. EYE ON EARNINGS: In the S&P 500, 159 companies are expected to report...

  • 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...

  • Asian markets rise after Wall Street gains Sunday, 26 Apr 2015 | 11:42 PM ET

    BEIJING— Asian stock markets rose Monday after Wall Street gained on strong earnings and investors looked ahead to Apple results and this week's U.S. Sydney's S&P ASX 200 added 0.7 percent to 5,973.30 and Seoul advanced 0.2 percent to 2,163.17. Taiwan, Singapore and Manila also rose.

  • SHANGHAI, April 27- China's employment situation is good and progress has been made in structural adjustments, so there is no need for strong stimulus for the economy despite downward pressure, the central bank's top economist said. "The central bank's recent lowering of rates and reserve requirements was mainly to prevent passive tightening of monetary...

  • MELBOURNE, April 27- London nickel extended gains by 2 percent at one stage on Monday to hit a one-month high, fanning a rally in Shanghai on the prospect of a looming deficit. Three-month nickel on the London Metal Exchange hit $13,475, its loftiest since March 27, before trading up 1.3 percent at $13,365 a tonne by 0200 GMT following a 3.9 percent advance in the...

  • BEIJING, April 27- Profits earned by Chinese industrial firms fell 0.4 percent in March from a year earlier to 508.61 billion yuan, the National Bureau of Statistics said on Monday. For the first quarter of the year, profits declined 2.7 percent from a year earlier to 1.25 trillion yuan, the bureau said. Financial costs of industrial enterprises were 6.59 billion...

  • China's March industrial profits down 0.4 pct y/y Sunday, 26 Apr 2015 | 9:43 PM ET

    BEIJING, April 27- Profits earned by Chinese industrial firms fell 0.4 percent in March from a year earlier to 508.61 billion yuan, the National Bureau of Statistics said on Monday. For the first quarter of this year, profits are down 2.7 percent from a year earlier to 1.25 trillion yuan, the bureau said. The world's second-largest economy grew at its slowest pace in...