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  • NEW YORK, April 1- Morgan Stanley's board boosted Chairman and Chief Executive James Gorman's compensation by one-third last year, saying the bank's performance was "strong" but had "room for continued progress," according to its proxy filing on Wednesday. Gorman was awarded $16 million for his work last year, up from $12 million in 2013. He is eligible to receive...

  • NEW YORK, April 1- The board that sets accounting rules for U.S. public companies proposed on Wednesday a one-year delay in sweeping new rules that would change the way companies recognize revenue, one of the most important numbers in corporate financial statements. The revised timeline from the U.S. Financial Accounting Standards Board calls for the rules to...

  • *Iran nuclear talks drag, slowing any lifting of sanctions. The market's focus on Iran nuclear talks, which had depressed prices since Friday, also shifted as the dollar eased. Crude production in the United States dropped 0.4 percent to 9.4 million barrels per day in the week to March 27, the first weekly decline since the end of January, data from the Energy...

  • Bondholders offer $2B boost for Puerto Rico power company Wednesday, 1 Apr 2015 | 12:47 PM ET

    SAN JUAN, Puerto Rico— A group of U.S. bondholders on Wednesday offered to invest $2 billion in energy production and other measures that it said would help improve the finances and infrastructure of Puerto Rico's power company amid fears it will go bankrupt. The Electric Energy Authority holds nearly $9 billion in debt and owes investors some $400 million by...

  • *Focus shifts from Iran as nuclear talks go beyond deadline. "Clearly, there is a demand response underway by consumers to the low retail price," said John Kilduff, partner at New York energy hedge fund Again Capital. U.S. crude futures were up $2, or 4.2 percent, at $49.60 a barrel by 11:49 a.m. EDT.

  • LONDON, April 1- The chances are growing of a formal devaluation of China's yuan against a weakening euro, analysts from Germany's Deutsche Bank, the currency world's second-biggest player, said in a note on Wednesday. The world's biggest currency trader, Citigroup, said last week that the People's Bank of China might shift its controlled yuan trading bands...

  • *Oil rallies as talks on Iran continue. NEW YORK, April 1- U.S. stocks fell for a second day and the dollar dipped after a weaker-than-expected report on private sector employment spurred investor concerns that a highly anticipated monthly U.S. jobs report on Friday could also point to slowing economic growth. However, oil futures rallied as talks over Iran's...

  • *Brazil, US physical premiums: http://link.reuters.com/buv44w. LONDON, April 1- U.S. aluminium producer Alcoa has this week announced the full shuttering of the Alumar smelter in Brazil. This was a period of rapid expansion of primary aluminium capacity in Brazil.

  • FOREX-Dollar retreats on weak data as new quarter begins Wednesday, 1 Apr 2015 | 10:54 AM ET

    NEW YORK, April 1- The dollar fell on Wednesday at the start of the second quarter as disappointing data on U.S. manufacturing and jobs growth raised bets the Federal Reserve might refrain from raising interest rates until late 2015 at the earliest. Payroll processor ADP said U.S. companies added 189,000 workers in March, the fewest in 14 months, while the...

  • The Iran talks overshadowed a sharp rise in crude oil stocks in the United States, where inventories rose by 4.8 million barrels to 471.4 million barrels in the week to March 27, according to the United States Energy Information Agency. Talks between Iran and six world powers in the Swiss city of Lausanne to settle a dispute around Tehran's nuclear programme...

  • US stocks ease for second day; price of crude oil soars Wednesday, 1 Apr 2015 | 10:12 AM ET

    A batch of discouraging economic news deepened investors' concerns about corporate earnings, pulling major U.S. stock indexes down on Wednesday for the second day in a row. Oil prices surged above $50 a barrel on signs that U.S. production growth is slowing. "The data show we definitely hit a bit of a slowdown in the first quarter, and now investors are getting...

  • When the high-speed action sequel "Furious 7" debuts this weekend, audiences at Hollywood's famous TCL Chinese Theatre will see every tire skid and fistfight in Imax's brand-new laser format. Imax's first laser projector just started operating in Toronto's Scotiabank Theatre in December. The Chinese Theatre, one of the largest Imax theaters in the world, is...

  • UPDATE 5-Oil rallies as Iran nuclear talks drag on Wednesday, 1 Apr 2015 | 9:04 AM ET

    LONDON, April 1- Brent crude oil futures reversed early losses to rally to $55.50 barrel as talks over Iran's nuclear program continued, curbing expectations of an immediate deal that would allow Iranian crude onto the market. Talks between Iran and six world powers in the Swiss city of Lausanne to settle a dispute around Tehran's nuclear program extended past...

  • In a closely monitored survey, financial information company Markit said Wednesday the region's manufacturers raised employment levels in March at the fastest rate for over three-and-a-half years. That's evident in Markit's survey, which found incoming new business at its highest level since last April. As a result, Markit's purchasing managers' index— a...

  • *China official PMI edges up to 50.1 in March. *China bonded nickel premiums jump $15 on bargain hunting. Three month nickel on the LME rebounded 1 percent to $12,515 a tonne by 1027 GMT after earlier hitting a near six-year lows of $12,310 and following a 3.8 percent slump on Tuesday.

  • *Iran hopes to wrap up talks by Wed night- senior negotiator. Talks between Iran and six world powers to settle a dispute around Tehran's nuclear program extended beyond a Tuesday deadline in the Swiss city of Lausanne. Iranian senior nuclear negotiator, Abbas Araqchi, said that Iran hoped to wrap up talks by Wednesday night.

  • *Companies struggling in China and much of Asia. April 1- Companies struggled in China and much of the rest of Asia in March, suggesting central banks may have to resort to more stimulus, just as factories in the euro zone begin to reap rewards from ultra-easy policy there. But three separate surveys of China's factory and services sectors released on Wednesday...

  • LONDON, April 1- Asia- focused bank Standard Chartered Plc said senior executive Viswanathan Shankar had quit and announced a number of management changes in another reshuffle as it seeks to turn around its fortunes. Shankar has resigned as chief executive of Europe, Middle East, Africa and Americas, and will now look at setting up a private equity firm, Standard...

  • *Oil remains under pressure as talks on Iran continue. Europe's benchmark FTSEurofirst 300 recovered from a early wobble to put London's FTSE Germany's DAX and France's CAC up 0.5, 0.3 and 0.5 percent higher respectively as core bond markets yields nudged higher. Crude oil prices maintained their decline as an extension of talks between Iran and world powers...

  • LONDON, April 1- Brent crude oil futures slipped below $55 a barrel on Wednesday on speculation that a last-minute deal over Iran's nuclear program would be reached, opening the way for more Iranian crude to come into world markets. Talks between Iran and six world powers to settle a dispute around Tehran's nuclear program extended beyond a Tuesday deadline.