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  • LONDON, May 5- HSBC warned on Tuesday that Britain's bank tax was preventing it from raising dividend payouts and that was a key concern of investors as the bank assesses whether to move back to Hong Kong from London. Europe's largest bank has ordered a review of whether it should shift its headquarters because of the cost of operating from London and said it would...

  • All the metals on the London Metal Exchange saw a wave of buying, which pushed nickel to a six-week high, as the London market reopened after a UK public holiday on Monday. Base metals seem to be following the herd, "said Richard Fu, director of Asian Commodities Trading for Societe Generale Newedge in London. "The fundamentals in zinc are good," said Nic Brown, head of...

  • *Saudis consider halt to Yemen bombing for humanitarian aid. "The protesters closed the pipeline to the port," Mohamed El Harari, spokesman for state oil firm NOC, said, adding that several oilfields in eastern Libya would have to close. Brent crude oil was up 55 cents at $67.00 a barrel by 1045 GMT, after touching a 2015 high of $67.10 on Monday.

  • *Comic persona underlies Boris Johnson's popularity. LONDON, May 5- London's Mayor Boris Johnson was campaigning on the city streets days before Britain's general election when a young woman, thrilled to meet this political celebrity, loudly hailed him as "prime minister to be". Johnson, who is standing to be a Conservative member of parliament and backing party...

  • HSBC first quarter pretax profits up 4 percent Tuesday, 5 May 2015 | 5:31 AM ET

    LONDON— HSBC, Europe's biggest bank, says pretax profits were up 4 percent to $7.1 billion in the first quarter from a year earlier, even as it beat back increasing regulatory costs. CEO Stuart Gulliver, said Tuesday the business recovered well following a difficult final quarter in 2014 and that the bank experienced lower loan impairment charges in Europe and...

  • GLOBAL MARKETS-European markets buck China concerns Tuesday, 5 May 2015 | 5:07 AM ET

    *Shanghai index down over 4 percent, more stimulus talk. LONDON, May 5- European markets opened firmer on Tuesday after an extended weekend break, bucking fears of slowing demand from China and despite debt stand-off fears depressing Greek stocks. Britain's FTSE 100 index was up 0.9 percent after a three-day weekend and Germany's DAX rose more than 1 percent,...

  • BRUSSELS— The European Union has nudged up its forecast for economic growth across the 19- country eurozone despite a much gloomier outlook for Greece, which is struggling to get its hands on vital bailout cash it needs to pay off debts. It said the eurozone as a whole is benefiting from a number of factors, including lower oil prices, a steady global outlook, the...

  • *Saudis consider halt to Yemen bombing for humanitarian aid. LONDON, May 5- Brent crude oil steadied above $66 a barrel on Tuesday, just below its 2015 high, after protesters shut down the eastern Libyan oil port of Zueitina, hampering exports. Brent crude oil was down 5 cents at $66.40 a barrel by 0800 GMT, after touching a 2015 high of $67.10 on Monday.

  • Ongoing caution over Greece hinders euro zone. GLASGOW, May 5- Shares of Swiss bank UBS were the top performers in Europe on Tuesday, rising on the back of its highest quarterly profit in nearly five years, as gains for non-euro zone shares helped European stocks into positive territory. The pan-European FTSEurofirst 300 index was up 0.5 percent at 0756 GMT, though...

  • FOREX-Dollar hits back after grim April Tuesday, 5 May 2015 | 4:04 AM ET

    LONDON, May 5- The dollar recovered a footing against a range of major currencies on Tuesday, with gains of around half a percent against the euro halting its worst run in four years. The Aussie dollar was also sharply higher after the Reserve Bank of Australia hinted its cycle of interest rate cuts may be over for now after easing by another quarter percentage...

  • Britain's FTSE 100 rose 0.8 percent to 7,041.25. ASIA'S DAY: The Shanghai Composite Index in mainland China had its worst day in months, losing 4.1 percent to close at 4,298.71, in turn dragging down Hong Kong's Hang Seng 1.3 percent to 27,755.54. Benchmarks in Taiwan and Singapore fell while New Zealand's rose.

  • MELBOURNE, May 5- London nickel edged to its highest level in five weeks on Tuesday as prospects of tighter supply and a technical rally drove a recovery from last month's six year lows. London copper slipped from near four month highs as markets more broadly digested a stream of weak global factory reports that may push monetary officials in the U.S. and China to...

  • MELBOURNE, May 5- London copper drifted on Tuesday but held near four month highs as markets digested a stream of weak global factory reports that may push monetary officials in the U.S. and China to maintain easier policies. *The most-traded July copper contract on the Shanghai Futures Exchange added 0.6 percent to 45,730 yuan a tonne in the early session.

  • Treasuries prices fell on Monday, with the long-end of the curve suffering the most of the sell-off and extending the prior week's declines amid low trading volumes because of holidays in Tokyo and London. Analysts said a combination of factors affected the 30- year Treasury, including negative yields in Europe and a drop in demand for new bonds, plus hints of...

  • *Volcafe raises Brazil coffee crop forecast. NEW YORK, May 4- Raw sugar futures on ICE tumbled 3 percent on Monday, pressured by the weak currency in Brazil, the world's biggest sugar producer, while arabica coffee fell to a seven-week low after an influential trade house raised a key crop forecast. It makes the ethanol price fall so sugar's basically tracking it, "...

  • Treasuries prices turned slightly negative while hewing to narrow ranges on Monday, marking a mixture of consolidation from last week's sharp decline and low trading volumes given holidays in Tokyo and London. I think the market is looking for some stability and toward Friday's payrolls data, "said Justin Lederer, an interest rate strategist at Cantor...

  • *Upbeat German data helps push Europe shares higher. NEW YORK, May 4- Global equity markets rose on Monday, lifted by the biggest gain in U.S. factory orders in eight months and solid manufacturing data in Germany, while German bund yields rose as investors shook off deflation fears that had gnawed European bonds. When viewed with a report from the European Central...

  • NEW YORK, May 4- The dollar edged higher on Monday in thin trading after a two-week drop tied to data suggesting the U.S. economy might be stabilizing following a soft patch in the first quarter. The greenback moved in tight ranges against major currencies as trading was thinned by market holidays in Britain and Japan. The dollar should tread water or soften going...

  • Cognizant Technology Solutions, a technology consulting business, was the biggest gainer in the Standard& Poor's 500 index after it reported earnings that beat the expectations of Wall Street analysts and raised its outlook for earnings and sales for the year. Tyson Foods, the maker of Jimmy Dean sausage products, was another company whose stock gained after...

  • NEW YORK, May 4- U.S. Treasuries prices were modestly higher on Monday, hewing to narrow ranges on a combination of consolidation from last week's sharp decline and low trading volumes given holidays in Tokyo and London. "A lot of U.S. data this week and I've been thinking the front-end will be more informative, because if you do get a pickup in data over this week, then...