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  • *Discretion can impair comparability- Basel Committee. LONDON, April 21- Global regulators have jettisoned a string of national "waivers" from bank capital rules to help restore credibility in benchmark ratios published by lenders. "National discretion allows countries to adapt the Basel standards to reflect differences in local financial systems," the...

  • BRUSSELS— The European Union has given Thailand six months to drastically increase its crackdown on illegal and unregulated fishing or face an EU seafood import ban, but has lifted the threat of similar action from South Korea and the Philippines. Thailand is a major exporter of seafood, with yearly revenues of almost 5 billion euros, and an EU ban would...

  • *Role makes subsequent move to Bank of France easier. PARIS, April 21- Top BNP Paribas banker Francois Villeroy de Galhau emerged as a possible candidate to replace the retiring governor of the Bank of France on Tuesday as he was named to lead a new state-sponsored investment drive. Villeroy de Galhau will step down as one of the two chief operating officers at...

  • German investor sentiment edges down on global fears Tuesday, 21 Apr 2015 | 6:28 AM ET

    FRANKFURT, Germany— German investor optimism unexpectedly fell in April after five months of increases due to fears about the global economy. Germany's economy is heavily dependent on exporting cars and industrial machinery. ZEW President Clemens Fuest said Germany's low unemployment was keeping domestic expectations strong.

  • SAP see sales surge, aided by cheap euro Tuesday, 21 Apr 2015 | 3:22 AM ET

    German business software maker SAP reported a 15 percent rise in operating profit helped by a cheap euro.

  • *Reiterates 2015 operating profit of 5.6- 5.9 bln euros. FRANKFURT, April 21- German business software maker SAP reported a 15 percent rise in operating profit helped by a cheap euro, even as rising investment in newer cloud-based software squeezed its profit margin. Europe's largest software company said on Tuesday first-quarter operating profit, excluding...

  • FRANKFURT, Germany— Buoyant financial markets helped Credit Suisse Group AG overcome the impact of a surging Swiss franc to post a solid 23 percent increase in first quarter profit. The bank said Tuesday that it made 1.054 billion Swiss francs in the first quarter, ahead of the consensus of analysts' expectations at around 1.03 billion francs.

  • ZURICH, April 21- Credit Suisse's first-quarter net profit rose 23 percent, exceeding analysts' expectations, after market volatility boosted securities trading and on gains at its private bank for wealthy clients. Zurich- based Credit Suisse, the first European investment bank to report quarterly earnings, said net profit stood at 1.054 billion Swiss francs...

  • ZURICH, April 21- Credit Suisse said first-quarter net profit rose 23 percent after market volatility boosted securities trading and on gains at its private bank for wealthy clients. Zurich- based Credit Suisse, the first European investment bank to report quarterly earnings, said net profit stood at 1.054 billion Swiss francs from 859 million francs last...

  • World stocks rally on China measures, earnings Tuesday, 21 Apr 2015 | 12:31 AM ET

    HONG KONG— World stock markets rallied Tuesday, boosted by investor optimism over recent stimulus efforts, market reform measures in China and quarterly earnings from U.S. and European companies. Benchmarks in London and Paris drifted lower while other markets mainly posted moderate gains. The Shanghai Composite Index in mainland China added 1.8 percent to...

  • DIARY- Top Economic Events to April 30 Monday, 20 Apr 2015 | 8:01 PM ET

    SYDNEY- Reserve Bank of Australia to release the minutes of its April policy meeting- 0130 GMT. GENEVA- European Central Bank Supervisory Board Chair Daniele Nouy speaks at the International Center for Monetary and Banking Studies- 1630 GMT. STOCKHOLM- Sweden's Riksbank Deputy Governor Henry Ohlsson takes part in panel debate- 1115 GMT.

  • Details on the 2015 Pulitzer Prize winners Monday, 20 Apr 2015 | 5:20 PM ET

    PUBLIC SERVICE: The Post and Courier, Charleston, South Carolina. Reporters Doug Pardue, Glenn Smith, Jennifer Hawes and Natalie Caula Hauff won for the series "Till Death Do Us Part," which probed why South Carolina is among "the deadliest states in the union for women." We felt so passionate about this project and we felt so passionate about the difference it could...

  • LONDON, April 20- Ship container line Hapag-Lloyd has placed an order for five vessels as it looks to bolster trade in Latin America ahead of next year's planned expansion of the Panama Canal, the world's fourth biggest player said on Monday. Hamburg- headquartered Hapag-Lloyd, which completed a merger with Chile's Compania Sud Americana de Vapores in December,...

  • PARIS, April 20- L'Oreal posted a 14.1 percent rise in first-quarter sales on Monday, helped by the weak euro and resilient demand for luxury goods products such as Yves Saint Laurent's Black Opium perfume. The maker of Garnier shampoo and Maybelline make-up said the market for mass consumer goods had declined slightly in Western Europe but was still growing...

  • L'Oreal reports higher first quarter sales Monday, 20 Apr 2015 | 12:48 PM ET

    PARIS— French cosmetics giant L'Oreal says it pulled in 6.44 billion euros in sales in the first quarter, 14 percent higher than a year earlier thanks to double-digit growth across its range of high-end and mass-market beauty products. The maker of Maybelline mascara and Garnier hair care products says its sales for the January-March quarter were lifted by a...

  • German train drivers' union calls for 2-day strike Monday, 20 Apr 2015 | 12:32 PM ET

    BERLIN— A union representing German train drivers has called its members out on strike Wednesday and Thursday in a long-running dispute with the national railway operator. The GDL union said passenger services will be hit from 2 a.m. Wednesday through 9 p.m. Thursday. Members on freight trains will walk off the job Tuesday afternoon and return to work Friday...

  • European stocks boosted by telecoms, China stimulus Monday, 20 Apr 2015 | 11:54 AM ET

    *Telenet, KPN shares rise after Belgian deal. LONDON, April 20- European shares made a positive start to the week on Monday, thanks to deal-making in the telecoms sector and stimulus from China, though gains were not enough to entirely erase the losses from Friday's sharp sell-off. Volkswagen, the only German blue-chip stock to fall, was depressed after Scania order...

  • Struggling Greece puts state funds in loan basket Monday, 20 Apr 2015 | 7:39 AM ET

    ATHENS, Greece— Greece's cash-strapped government has ordered reserves from state agencies to be placed in a basket account to help the country meet obligations, officials said Monday as bond market traders fretted over the risk of default. Greece's lenders from the 19- country eurozone and International Monetary Fund are demanding reforms that include...

  • *Northern states forced to support Italy after disaster. Many European governments have long been reluctant to fund rescue operations in the Mediterranean for fear of encouraging more people to make the crossing in search of a better life in Europe, but they now face outrage over the refugee deaths. "What's at stake is the reputation of the European Union,"...

  • *Northern states forced to support Italy after disaster. "What's at stake is the reputation of the European Union," Italian Foreign Minister Paolo Gentiloni told reporters as he arrived for a meeting with EU peers in Luxembourg. Northern European Union countries have so far largely left rescue operations to southern states such as Italy.