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  • FOREX-Dollar slumps to 3-week low as traders await Fed Tuesday, 28 Apr 2015 | 7:45 AM ET

    LONDON, April 28- The dollar hit a three-week low on Tuesday as investors eyed a U.S. U.S. housing index data and consumer confidence numbers, due at 1300 GMT and 1400 GMT respectively, should provide the greenback with some near-term direction, analysts said, though the main focus will be on the Fed's statement at the end of its policy meeting on Wednesday.

  • European bourses and the euro also dipped in early trading after both had been boosted on Monday by a revamp of Greece's negotiating team, while the pound tumbled on weak UK growth figures just ahead of next week's tightly contested national election. The figures were seen as loaded with significance coming just nine days before an election and its aftermath,...

  • *Shares down 15 pct after takeover by Applied Materials scrapped. TOKYO, April 28- Tokyo Electron Ltd shares plunged 15 percent on Tuesday as the scrapping of a $10 billion takeover by Applied Materials Inc left the Japanese firm searching for a new growth strategy amid soaring R&D costs for the chip-production equipment industry. The abandonment of the plan...

  • LONDON, April 28- The euro hovered near a three-week peak on Tuesday, boosted by renewed hopes that cash-strapped Greece could secure extra funding and as the dollar remained weak ahead of a U.S. The euro rose late on Monday on news that Greek Prime Minister Alexis Tsipras had reshuffled his team handling talks with European and IMF lenders.

  • TOKYO— Honda's profit for the fiscal fourth quarter dropped 43 percent as the costs of air bag recalls offset the positives of a weak yen and strong vehicle sales in Asia. The Japanese automaker has been the hardest hit by a recall of air bags manufactured by Takata Corp. of Japan, which supplied air bags for a wide range of Honda models. The problems have tarnished...

  • TOKYO, April 28- Japanese government bond prices edged down ahead of an upcoming Bank of Japan meeting amid some ebb in expectations that the central bank will further ease monetary policy. The JGB market took a downgrade to Japan's credit rating by Fitch Ratings in its stride, as the decision was well anticipated. Fitch Ratings late on Monday downgraded Japan by...

  • 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...

  • B-29 Superfortress dropped the atomic bomb on Hiroshima 70 years ago this summer, none knew the four-engine bomber better than Capt. On Wednesday, two of his wartime flight log books, Hiroshima bombing plans, mission notes and other items are up for sale during an auction of World War II material being held at Bonhams in Manhattan. "He wrote down everything and he...

  • 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...

  • MSCI's broadest index of Asia-Pacific shares outside Japan was down about 0.3 percent after earlier touching its highest level since January 2008. Japan's Nikkei stock index advanced 0.3 percent as on hopes of better shareholder returns after index heavyweight Fanuc Corp doubled its dividend payout ratio. "Heading into another peak earnings week,...

  • April 28- The following table lays out forecasts for the cost of electricity generation in Japan in 2030, broken down by fuel type, outlined on Monday by the Ministry of Economy, Trade and Industry. Japan is still trying to work out its basic electricity mix four years after the meltdowns at the Fukushima Daiichi nuclear plant threw the country's energy policy...

  • SYDNEY/ TOKYO, April 28- The euro hovered near a three-week peak on Tuesday, having pushed higher overnight as the dollar came under broad pressure and on renewed hopes that cash-strapped Greece was a step closer to securing fresh funding. Greek Prime Minister Alexis Tsipras on Monday reshuffled his team handling talks with European and IMF lenders, a move...

  • TOKYO, April 28- Japanese retail sales in March declined at their fastest annual pace in 17 years as consumer spending struggled to pick up a year after a sales-tax increase, keeping alive speculation the Bank of Japan will expand stimulus again later this year. Retail sales slid 9.7 percent in March from the same month last year, the Ministry of Economy, Trade and...

  • Merger of Applied Materials, Tokyo Electron scrapped

    Sachin Shah, special situations and merger arbitrage strategist at Albert Fried and Company, says the cancellation of a merger between Applied Materials and Tokyo Electron is "a bit of a surprise."

  • TOKYO, April 28- Tokyo Electron Ltd shares plunged 15 percent on Tuesday to a six-month low after U.S. regulatory opposition forced the scrapping of its planned takeover by U.S.-based Applied Materials Inc.. Tokyo Electron shares fell as much as 14.8 percent in early trade to 6,555 yen, hitting their lowest level since late October, while the broader Tokyo...

  • Why bad retail data will lift Japan stocks   Monday, 27 Apr 2015 | 7:51 PM ET
    Why bad retail data will lift Japan stocks

    Joe Zidle, portfolio strategist at Richard Bernstein Advisors, says Tuesday's dismal retail sales will increase pressure on the Bank of Japan to introduce more stimulus, which is good for stocks.

  • Will Abe's US visit help trade talks?   Monday, 27 Apr 2015 | 6:37 PM ET
    Will Abe's US visit help trade talks?

    Joshua Meltzer, fellow in Global Economy and Development at Brookings Institution, discusses the sticking points in bilateral trade talks between the U.S. and Japan.

  • Amid Abe's visit, Kerry renews US security pledge

    U.S. Secretary of State John Kerry said Monday that Washington's treaty commitments to Japan's security remain "iron-clad". CNBC's John Harwood reports.

  • REUTERS BUSINESS NEW SCHEDULE AT 1830 GMT/2:30 PM ET Monday, 27 Apr 2015 | 2:38 PM ET

    Apple Inc is expected to report a 20 percent increase in quarterly profit and that iPhone sales in China surpassed those in the United States for the first time., expect by 1930 GMT/ 4:30 PM ET, by Bill Rigby, 200 words). -BARRICK GOLD-RESULTS/, expect by expect by 1930 GMT/ 4:30 PM ET, 200 words). U.S. stocks move lower as healthcare stocks led by Amgen drag on the three major...

  • REUTERS BUSINESS NEW SCHEDULE AT 1500 GMT/11 AM ET Monday, 27 Apr 2015 | 11:00 AM ET

    Editor: Alden Bentley +646 223 6200. Cap Gemini to buy U.S.-based IGATE for $4 bln, raises 2015 outlook. PARIS- Cap Gemini plans to buy United States- based IGATE Corp for $4 billion cash to make North America its biggest market and is raising its sales outlook for 2015 after a solid first-quarter, the French IT services company says.