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  • *Cheap central-bank cash offsets nerves over Greece. LONDON, April 17- Global equities were set for their third straight weekly gain on Friday, hovering near fresh all-time highs as cheap central bank cash kept buoying markets and offset fears that Greece may run out of money as debt repayments loom. The possibility that Athens might not be able to meet payments...

  • SEOUL, South Korea— Global stock markets were mostly lower on Friday while stocks in mainland China extended their gains on expectations of further policy easing. KEEPING SCORE: European markets opened mixed with Britain's FTSE 100 up 0.4 percent at 7,090.82 and France's CAC 40 adding 0.1 percent to 5,227.91. CHINA STIMULUS: Stocks in Shanghai continued their...

  • *Dollar index on track for worst week in month. LONDON, April 17- The dollar fell for a fourth straight day on Friday, coming close to its one-week low, after a run of weak U.S. economic data cast doubt on prospects for a Federal Reserve interest rate rise in coming months. said Peter Kinsella, senior FX strategist at Commmerzbank in London.

  • LONDON, April 17- European Union plans to help markets raise more funds for the economy play to London's strengths as a global trading centre, the bloc's financial services chief Jonathan Hill told leading bankers and dealers on Friday. In his first speech to London's financial community since his appointment to the European Commission last November, the...

  • Financial spreadbetters expected Britain's FTSE 100 to open up by 12 to 15 points, or 0.2 percent higher. Europe's stock markets have lately pushed to multi-year peaks, with both the FTSE and DAX setting record highs this year as new economic stimulus measures from the European Central Bank offset worries about Greece's fiscal woes. MSCI's broadest index of...

  • The revived momentum for Chinese automakers adds to pressure on General Motors Co., Volkswagen AG and other global brands that see China's crowded market as their future at a time when sales growth is slow in the United States and stalled in Europe. Producers including Nissan Motor Co., VW and Mercedes Benz see the market as so important they increasingly are...

  • China auto brands enjoying rebound driven by new models Thursday, 16 Apr 2015 | 9:36 PM ET

    The revived momentum for Chinese automakers adds to pressure on General Motors Co., Volkswagen AG and other global brands that see China's crowded market as their future at a time when sales growth is slow in the United States and stalled in Europe. Producers including Nissan Motor Co., VW and Mercedes Benz see the market as so important they increasingly are...

  • Correction: Europe-Tourism Boost story Thursday, 16 Apr 2015 | 6:37 PM ET

    LISBON, Portugal— In a story April 15 about effect of the weakening euro on tourism in Europe, The Associated Press reported erroneously that 10 million Americans visited Paris last year, and that officials hoped the figure would rise 10 percent to 11 million this year. Weak euro adds to Europe's vacation lure for tourists from United States, China— and locals.

  • Greece finance minister vows compromise in loan talks Thursday, 16 Apr 2015 | 5:47 PM ET

    His comments came as Greece's borrowing costs soared amid growing fears of a debt default. German Finance Minister Wolfgang Schaeuble also spoke at Brookings and gave no sign of backing down from his hard-line stance that Greece must agree to sweeping economic reforms. Varoufakis acknowledged that Greece's economy requires "urgent and extensive" reforms...

  • NEW YORK, April 16- Wall Street equities finished modestly lower on Thursday as investors worried about coming corporate results, while European stocks fell nearly 1 percent under the weight of Greece's worsening financial predicament. Wall Street was down most of Thursday despite another flurry of better-than-expected profit reports, including Netflix...

  • *Rosengren, Lockhart lean toward waiting on rate hikes. SAN FRANCISCO, April 16- Federal Reserve officials on Thursday were again at public odds over when the U.S. central bank should start raising rates, underscoring the difficult task ahead for Fed Chair Janet Yellen as she tries to build consensus for a rate hike sometime later this year. On Thursday, Vice Chair...

  • Atlanta Federal Reserve Bank President Dennis Lockhart, whose comments were closely-watched since he is a voting member of the Fed's rate-setting committee this year, said the Fed's interest rate plans were being complicated by factors including a "murky" run of first-quarter data. Comments from Cleveland Fed President Loretta Mester and Boston Fed...

  • West Palm Beach, Fla., April 16- Atlanta Federal Reserve Bank president Dennis Lockhart said on Thursday the recent "murky" run of U.S. data has him leaning against a June interest rate hike, but added he is confident the economy will remain on track. "I would lean to a little later versus a little earlier," said Lockhart, saying that a below-par March U.S. employment report...

  • NEW YORK— Sony's hacking problems aren't over yet. Whistleblower site WikiLeaks on Thursday put hundreds of thousands of emails and documents from last year's crippling cyberattack against Sony Pictures Entertainment into a searchable online archive. The website founded by Julian Assange said that its database includes more than 170,000 emails from...

  • LONDON, April 16- The U.S. Federal Reserve should wait longer before it starts to raise interest rates and then be ready to increase them more quickly than if it started to tighten policy soon, a top Fed official said on Thursday. "I have some sympathy for waiting longer and then tightening more quickly if that becomes necessary," Eric Rosengren, president of the...

  • NEW YORK/ LONDON, April 16- Gold steadied around $1,200 an ounce on Thursday, paring losses as the U.S. dollar extended gains, while weak demand for physical metal added pressure and uncertainty over the timing of a Federal Reserve rate hike underpinned prices. Spot gold was down 0.05 percent at $1,200.66 an ounce by 2:26 p.m. EDT, having traded from $1,194.56 to...

  • *OPEC March output surges 810,000 bpd on Saudi, Iraq boost. NEW YORK, April 16- Crude oil prices jumped to fresh 2015 peaks on Thursday, turning higher on news that a tribal group made up of former Al Qaeda militants took control of a major southern oil terminal in Yemen. "The report on Al Qaeda forces taking over facilities in Yemen sent prices up," said Phil Flynn, analyst...

  • NEW YORK, April 16- European stocks declined nearly 1 percent on Thursday, pressured by Greece's worsening financial predicament, and euro zone government borrowing costs hit new lows. U.S. stocks edged higher on another flurry of better-than-expected profit reports, including ones from Netflix and Goldman Sachs. The widening rift between Greece and its...

  • LONDON, April 16- BP shareholders voted overwhelmingly on Thursday to publish regular updates on how its strategies were affecting climate change from next year, making it one of the first global oil companies to disclose such details. Some of BP's top 20 shareholders including Norway's sovereign wealth fund, Schroders and AXA Investment Management, had...

  • LONDON, April 16- Britain's Serious Fraud Office charged a UK subsidiary of Paris- listed French engineering group Alstom with four further criminal offences of corruption and conspiracy to corrupt in a drawn-out investigation that has swung to Hungary. The SFO, which has already charged two UK- based Alstom units and four former employees with alleged...