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  • LONDON, April 21- Britain's stability would be threatened if a future Labour government cut a deal with Scottish nationalists, John Major, the country's former Conservative prime minister, will warn on Tuesday, saying "mayhem" and political blackmail would ensue. Major's intervention comes ahead of a knife-edge May 7 election in which neither the...

  • LONDON, April 21- Last weekend, London couple Vicki Clayton and James Renhard left behind cramped bedrooms that smelt of smoke, housemates who stole their food and a landlord who kept his deposit, and moved into a rented flat of their own. To buy an average house in London today, you need to earn over 100,000 pounds a year, according to the National Housing Federation, a...

  • April 21- Central banks including the Federal Reserve may need to set higher inflation targets in the future to avoid dealing with low economic growth, Eric Rosengren, president of the Federal Reserve Bank of Boston, said in an interview with the Financial Times. Rosengren said he wanted the Federal Open Market Committee to debate about whether the United...

  • April 21- Saudi Arabia's Prince Alwaleed bin Talal is in no doubt that James Murdoch is ready to take a much bigger role at Twenty-First Century Fox, by far the largest part of the media empire that James' father Rupert Murdoch built. It is also unclear what title James would take or whether there is any possibility that Rupert Murdoch, 84, would relinquish the Fox...

  • Hong Kong rebound leads Asian stocks higher Tuesday, 21 Apr 2015 | 12:31 AM ET

    HONG KONG— Hong Kong led Asian stocks higher Tuesday as investors shook off initial pessimism over new measures by China's market regulator. HONG KONG BOUNCE: Hong Kong stocks have yo-yoed as investors continue to evaluate regulatory changes for stock investors as well as monetary loosening measures, both announced by Chinese authorities over the weekend.

  • NEW YORK, April 20- Oil prices ended in positive territory on Monday after a drop in stockpiles at the delivery point for U.S. crude in the second half of last week outweighed pressure from near record high production in Saudi Arabia. Tensions after the dispatch of U.S. Navy ships to waters near Yemen and an alert issued by Saudi Arabia for a possible militant attack...

  • NEW YORK, April 20- Oil prices rose on Monday after a drop in stockpiles at the delivery point for U.S. crude in the second half of last week outweighed pressure from near record high production in Saudi Arabia. Brent, the more widely-referenced benchmark, was up 40 cents at $63.85 a barrel by 1:12 p.m. EDT, after falling more than $1 earlier. "The market was bouncing...

  • LONDON, April 20- Britain on Monday ordered Russian billionaire Mikhail Fridman to sell his newly acquired North Sea gas fields within six months, ratcheting up the pressure on one of Russia's most influential businessmen just two weeks before the May 7 national election. Upping the ante in a standoff that some Russian businessmen say shows Russian capital is...

  • Tensions in the Middle East and a drop last week in the number of rigs drilling for oil in the United States also put a floor beneath U.K. North Sea Brent and U.S. crude futures, traders said. Brent, the more widely-referenced benchmark, was up 10 cents at $63.55 a barrel by 11:53 a.m. EDT, after falling more than $1 earlier. "The market was bouncing around looking for...

  • LONDON— Flights have been briefly disrupted at Britain's Manchester Airport after reports of a drone in the area. An official report last year disclosed that a device believed to be a drone came within 20 feet of an Airbus A320 landing at Heathrow airport in July. British Civil Aviation Authority regulations state that drones must not be flown beyond the...

  • UK fish sticks maker taken over for $2.8 billion Monday, 20 Apr 2015 | 11:36 AM ET

    LONDON— Nomad Holdings Ltd. has agreed to buy Iglo Foods Holding Ltd., the frozen food company that introduced fish sticks to Britain in the 1950 s, for 2.6 billion euros. Based in Britain, Iglo Group sells products, including fish fingers, in 12 European countries under brands such as Birds Eye and Findus. Nomad was formed last year by investors Noam Gottesman and...

  • FOREX-Dollar rises as euro slips on Greece anxieties Monday, 20 Apr 2015 | 11:15 AM ET

    NEW YORK, April 20- The dollar rose on Monday as the euro slid half a percent against the U.S currency amid gathering concerns that Greece may default on debts. The euro was last off 0.50 percent against the dollar at $1.0752, weighed down by the European Central Bank's bond-buying program and the risk Greece could leave the single currency within months.

  • Toy maker Hasbro reported an unexpected gain in sales on the back of strong demand for its Transformer, Nerf and Marvel toys. Oil and gas services company Halliburton and investment bank Morgan Stanley also reported results that we're better than analysts were expecting. The strong earnings Monday "are setting a good trend to start the week," said David Lyon, a...

  • *Euro slips on Greece worries, dollar. NEW YORK, April 20- European and U.S. stocks rose on Monday after China announced economic stimulus measures while the euro fell against the dollar on worries Greece may default. "What's helped the market today is the story about more stimulus in China," said Rick Meckler, President of LibertyView Capital Management in Jersey...

  • FRANKFURT, April 20- Deutsche Bank's plan to sell Postbank is unlikely to be the only painful decision facing German retail finance this year. Germany's retail banking market, the most fragmented in Europe, is a low-profit battlefield where layoffs, branch closures and consolidation are unavoidable even after Deutsche scales back its involvement.

  • MOSCOW, April 20- The rouble reversed early gains on Monday after the central bank said it was raising the rate at which it lends foreign currency to banks through repo auctions, its second such move this month. "I guess the message here is that the central bank is uncomfortable with rouble strength now, and needs the currency to have a softening bias to try to help the...

  • LONDON, April 20- Oil prices fell towards $62 a barrel on Monday on a strong dollar and as Saudi Arabian Oil Minister Ali al-Naimi said production would stay around 10 million barrels per day in April. Brent crude was trading down $1.20 at $62.25 by 1147 GMT, down from an intraday peak of $64.34. Production in the world's biggest crude exporter would stay near record...

  • MOSCOW, April 20- The rouble reversed early gains on Monday after the central bank said it was raising the rate at which it lends foreign currency to banks through repo auctions, its second such move this month. "I guess the message here is that the central bank is uncomfortable with rouble strength now, and needs the currency to have a softening bias to try to help the...

  • FOREX-Euro dips, China boost for Aussie dollar fades Monday, 20 Apr 2015 | 7:39 AM ET

    LONDON, April 20- The euro slid just over half a percent against the dollar in a slack start to the week on Monday dominated by the fallout of new economic stimulus in China and concerns over Greece. But allied to the programme of money-printing embarked upon by the European Central Bank, the risk of Greece leaving the single currency within months still looks to...

  • Central banks prepare to flood FX markets with euros Monday, 20 Apr 2015 | 5:38 AM ET

    The latest International Monetary Fund data show that global FX reserves fell by 3.1 percent, or $383 billion, in the second half of last year to $11.6 trillion. Around two thirds of that was due to valuation effects from the euro's 11.7 percent fall in that period, according to JP Morgan. Stephen Jen, manager of the SLJ Macro hedge fund in London, reckons that will...