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  • DIARY- Emerging Markets Economic Events to May 7 Friday, 24 Apr 2015 | 8:02 PM ET

    SINGAPORE- Monetary Authority of Singapore releases its macroeconomic review- 0400 GMT. SEOUL- Bank of Korea will release minutes from its April policy rate meeting- 0700 GMT. BUCHAREST- National bank of Romania Governor Mugur Isarescu to attend financial seminar.

  • *EU summit agreed to triple search and rescue mission off Libya. *Land routes into Europe also deadly; train kills 14 migrants. BRUSSELS/ SKOPJE, April 24- British and German warships made ready to sail for waters off Libya as Europe ramped up rescue operations in the Mediterranean after up to 900 desperate migrants drowned last weekend on a boat heading for Italy.

  • LAGOS, April 24- Nigeria's central bank ordered banks on Friday to crack down on borrowers with non-performing loans in a move aimed at avoiding a repeat of a 2009 industry bailout that cost the government $4 billion. A sharp drop in the global price of oil, Nigeria's main export, has triggered a currency crisis in Africa's largest economy and strained...

  • The trade, known as Alexandria, is at the heart of a scandal that rocked Monte dei Paschi in 2012 just as it was being hit hard by the euro zone debt crisis. The bank emerged as the weakest lender in a Europe- wide review of lenders last year and has been told by the European Central Bank to close the Alexandria trade because its exposure to Nomura breaches regulatory...

  • MOSCOW, April 24- Russian meat producer Cherkizovo plans to increase poultry exports to reap the benefits of a weaker rouble as domestic prices come under pressure from faltering consumption, its chief executive said. Although the rouble has firmed over the past three months, Sergei Mikhailov told Reuters that Cherkizovo should have taken advantage of the...

  • KENYA'S FINANCE MINISTER TELLS REUTERS DRAFT LAW FOR PLANNED NAIROBI FINANCIAL CENTER TO BE READY IN 3 MONTHS.

  • Murder and abuse before deadly migrant crossing Thursday, 23 Apr 2015 | 4:42 PM ET

    CATANIA, Italy, April 23- Italian investigators are piecing together a picture of beatings and abuse that hundreds of Africans and Bangladeshis suffered before setting sail from Libya to Italy, only to drown late on Saturday in one of the worst migrant shipwrecks ever in the Mediterranean. More than 700 people, most locked into the hold and lower deck of a 20-...

  • *Vedanta's Zambia copper unit will still lose money- CEO. LUSAKA, April 23- Barrick Gold Corp, the world's biggest gold producer, said on Thursday it will not suspend operations at its Lumwana open-pit copper mine in Zambia now that the country's government has reduced mining royalties. "We appreciate the leadership and engagement of President Lungu and the...

  • Starbucks extracts more money with pricier drinks, food Thursday, 23 Apr 2015 | 4:16 PM ET

    NEW YORK— Starbucks is extracting more money from customers with offerings like a "Flat White" espresso drink and revamped baked goods that cost a little more. The Seattle- based chain reported a higher quarterly profit Thursday, with sales jumping 7 percent at established U.S. stores. Dunkin' Donuts, which has been trying to appeal to new coffee drinkers with the...

  • CHICAGO, April 23- Caterpillar Inc on Thursday gave a somber outlook for the rest of 2015, facing stiffening competition thanks to the strong U.S. dollar, weak oil prices bringing a tough energy equipment market and geopolitical tensions posing risks to growth. Peoria, Illinois- based Caterpillar said the strong dollar lowered the cost of imported goods in the...

  • CHICAGO, April 23- Caterpillar Inc on Thursday gave a somber outlook for the rest of 2015, facing the strong U.S. dollar stiffening competition, weak oil prices bringing a tough energy equipment market and geopolitical tensions posing risks to growth. Caterpillar shares were down 1 percent in midday trading. Peoria, Illinois- based Caterpillar said the strong...

  • *Vedanta's Zambia copper unit to remain loss-making- CEO. LUSAKA, April 23- Barrick Gold Corp. has backtracked on its decision to suspend operations at its Lumwana open pit copper mine in Zambia after the cabinet reduced mining royalties, a senior government official said on Thursday. Zambia's cabinet set the royalty tax rate for open cast and underground...

  • MOSCOW, April 23- Russia and Argentina signed several cooperation documents in the energy sector on Thursday, underlining Moscow's drive to deepen ties with countries in South America since coming under Western sanctions over the Ukraine crisis. Russian state-owned gas producer Gazprom signed a memorandum on cooperation with state oil company YPF, while...

  • CHICAGO, April 23- Caterpillar Inc on Thursday reported a better-than-expected quarterly profit despite lower sales and gave a somber outlook for the rest of 2015 based on the strong U.S. dollar, weak oil prices and geopolitical tensions. Caterpillar said the strength of the dollar lowered the cost of imported goods in the first quarter, especially from Japan,...

  • Frito-Lay helps PepsiCo crunch Wall St. expectations Thursday, 23 Apr 2015 | 7:32 AM ET

    NEW YORK— PepsiCo's profit in the first quarter topped Wall Street expectations, boosted by the popularity of its Frito-Lay snacks and lower costs. PepsiCo's snack and beverage volumes rose in the unit encompassing Asia, the Middle East and Africa. For the full year, PepsiCo said it now expects currency translations to hit its core earnings per share by 11...

  • Heinz Awards honors 6 for solving critical human issues Thursday, 23 Apr 2015 | 12:08 AM ET

    PITTSBURGH— A Massachusetts Institute of Technology researcher who has developed artificial human "microlivers" that can safely test the toxicity of drugs without endangering lives is one of six people chosen to receive Heinz Awards. This year's winners, announced Thursday by the Pittsburgh- based Heinz Family Foundation, include MIT researcher Dr.

  • COPENHAGEN, Denmark— Bound by the laws of the sea to help vessels in distress, shipping companies say Europe's migration crisis has placed unreasonable demands on their crews to act as lifesavers in the Mediterranean. We shouldn't be doing the rescuing in any case, "said Dimitrios Banas of the European Community Shipowners' Associations. The Mediterranean is...

  • *Ghana hoped arbitration would reassure investors. *Ghana and Ivory Coast are economic rivals. DAKAR/ ACCRA, April 22- Ghana's decision to seek arbitration in a dispute with Ivory Coast over an oil-rich basin in the Atlantic could prove costly for the country and a consortium led by Tullow if a court halts development there.

  • But Reuters polls of more than 250 economists across Europe and North America show only modest upgrades to growth forecasts and a reluctance to relinquish a depressed inflation view, despite the rush of rate cuts and central bank cash that most respondents believe is far from over. Germany's DAX index has rallied more than 20 percent since the start of the year...

  • McDonald's plots turnaround as sales continue to slide Wednesday, 22 Apr 2015 | 8:09 AM ET

    OAK BROOK, Ill.— McDonald's first-quarter profit fell, partly because of sliding sales, costs to close underperforming restaurants and a stronger dollar. For the first quarter, McDonald's earned $811.5 million, or 84 cents per share, for the period ended March 31. That compares with $1.2 billion, or $1.21 per share, a year earlier.