The shift by the world's largest coffee chain comes after its low tax contributions in Britain provoked widespread criticism.» Read More
POLL-EURO ZONE PRIVATE SECTOR ON STRONG FOOTING BUT STILL. LONDON, April 23- The euro zone's private sector has started the second quarter on its strongest footing in nearly three years, but burgeoning new orders were again mainly buoyed by firms cutting prices, surveys showed on Wednesday.
By early afternoon in Europe, U.S. crude for May delivery was down 22 cents to $101.53 a barrel in electronic trading on the New York Mercantile Exchange. The report from the Energy Department's Energy Information Administration— the market benchmark— will be out later Wednesday.
*China factory activity shrinks for 4th month- HSBC. SINGAPORE, April 23- Nickel raced to its highest level in more than 14 months on Wednesday as tighter supplies kept the rally going in the metal that has gained a third this year, while a sustained contraction in China's factory activity weighed on copper.
Indonesia last month kick-started the process of terminating all of its bilateral treaties by notifying the Netherlands that its agreement to protect and promote investment would end in 2015, and signalling that the others would end as soon as possible.
LONDON- Bank of England will release the minutes of April Monetary Policy Committee meeting- 0830 GMT. HELSINKI- Finnish Prime Minister Jyrki Katainen, Finance Minister Jutta Urpilainen and The Finns Party leader Timo Soini participate in a election debate- 1300 GMT.
*Biden says in Kiev that Russia must act to defuse crisis. KIEV/ MOSCOW, April 22- Ukraine's acting president Oleksander Turchinov called on Tuesday for government forces to relaunch an offensive against pro-Russian rebels after a local politician from his own party was found dead with signs of torture.
*Ukraine crisis lends some support to Brent. NEW YORK, April 22- U.S. crude futures fell on Tuesday ahead of data expected to show that inventories in the world's top oil-consuming nation have risen close to record highs.
*Ukraine crisis lends some support to Brent. U.S. crude fell $2.34 to $102.03 a barrel by 13:45 a.m. EDT while Brent crude was down 93 cents to $108.96 a barrel, having lost over a dollar earlier. The Energy Information Administration will issue inventory data on Wednesday while American Petroleum Institute data is due later on Tuesday.
*Biden says in Kiev that Russia must act to defuse crisis. Vice President Joe Biden told Russia on Tuesday that "time is short" for action on defusing the crisis in eastern Ukraine, but Moscow refused to be rushed, saying it could handle any tougher economic sanctions the West might impose.
NEW YORK/ LONDON, April 22- ICE arabica coffee soared 8 percent on Tuesday to a more than two-year high after a major trade house cut its forecast for the 2014/ 15 Brazil crop, the latest of a string of reduced outlooks in recent months due to drought damage in the top producer.
*Netflix results lift Wall St, deal talk buoys Europe. NEW YORK, April 22- Global equity markets rose on Tuesday, powered by solid U.S. corporate earnings and deal-making activity among European drugmakers, while the euro hovered near break-even on uncertainty whether the European Central Bank will further ease monetary policy.
The lamp, called Little Sun, provides clear, affordable energy to places dependent on costly and toxic kerosene lighting in sub-Saharan Africa, said Bloomberg Philanthropies, the charity of the billionaire businessman and former mayor. "Little Sun is bringing clean, safe, affordable light to people who don't have it today."
*Ukraine crisis lends support to Brent. U.S. crude fell $1.9 percent to $102.45 a barrel by 11:10 a.m. EDT while Brent crude was down 98 cents to $108.96 a barrel.
LONDON— Former News of the World editor Andy Coulson on Tuesday denied a claim that he listened to a hacked voicemail left by actress Sienna Miller for James Bond star Daniel Craig. The scandal led Rupert Murdoch to shut the newspaper and pay millions in compensation to hacking victims.
NEW YORK, April 22- Investors trimmed their positions of U.S. dollars on Tuesday after a two-week run higher, unmoved by a U.S. Trading ranges remained narrow as Europe returned from the Easter holidays and faced uncertainty over whether European Central Bank policy will move toward more monetary stimulus.
*AstraZeneca jumps 6.3 pct on M&A talk. The STOXX Europe 600 health care index rose 3.2 percent as AstraZeneca rallied on speculation about a bid approach from U.S. major Pfizer, while a deal to swap assets boosted GlaxoSmithKline and Novartis.
*Ukraine peace deal falters as rebels dig in. LONDON, April 22- Brent oil fell towards $109 a barrel and the U.S. benchmark saw a sharper decline on Tuesday on forecasts of rising crude stocks as a faltering pact to ease tensions in Ukraine offered some support.
*Novartis to buy GSK's oncology assets for $14.5 bln. The deals, which include Novartis buying GSK's cancer drugs and GSK acquiring Novartis' vaccines business, came hot on the heels of a newspaper report that AstraZeneca had turned down a $101 billion bid approach from Pfizer- a story that sent shares across the sector surging.
DUBAI, April 22- Dubai's Emaar Properties reported a 55 percent rise in first-quarter net profit on Tuesday, as the region's economic recovery brought consumers back to its malls and shopping units, and house buyers returned to the market.
The price of oil slipped closer to $104 a barrel Monday as investors weighed expectations of rising U.S. crude stockpiles against tensions in Ukraine. By early afternoon in Europe, U.S. crude for May delivery was down 42 cents to $103.95 in electronic trading on the New York Mercantile Exchange.