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  • DIARY- Emerging Markets Economic Events to May 11 Monday, 27 Apr 2015 | 2:32 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.

  • Japan's Inpex wins stake in major UAE oil fields Monday, 27 Apr 2015 | 11:37 AM ET

    DUBAI, United Arab Emirates— Japan's Inpex Corp. on Monday won a stake in the development of major oil fields in the oil-rich emirate of Abu Dhabi, deepening the Asian nation's ties to the United Arab Emirates federation. The Abu Dhabi National Oil Co. said the deal gives Inpex's Japan Oil Development Co. Ltd. Division a 5- percent stake in the onshore concession...

  • OTA, Japan, April 27- For Naren Mahat, a 27- year-old Nepali living in Japan, there was a long and painful wait on Saturday between news of a devastating earthquake and, finally, word from family members cut off by bad phone lines and repeated aftershocks. Thousands of others work in other Asian countries including Malaysia, South Korea and Japan, where they are...

  • JERUSALEM, April 27- The Bank of Israel kept its benchmark interest rate at 0.1 percent for a second straight month on Monday, saying it expected prices to pick up after a recent bout of deflation. "Short-term inflation expectations from various sources are near the lower bound of the inflation target range, or slightly below it," the Bank of Israel said in a...

  • DUBAI, United Arab Emirates— Well-heeled Middle Eastern fans of Italian jewelry and watch maker Bulgari will soon be able to surround themselves in the luxury brand at all hours of the day. The Rome- based jeweler and Dubai property developer Meraas on Monday announced plans for 188 Bulgari- branded homes in the glitz-loving Gulf city. Started by a Greek...

  • *Yemen faces mounting humanitarian crisis. LONDON, April 27- Yemen is facing mounting problems bringing in food by sea as the danger from fighting between Houthis and government supporters is exacerbated by an arms blockade by Saudi-led coalition navies searching ships for weapons destined for the rebels. The Arabian peninsula's poorest country, Yemen...

  • DUBAI, April 27- One of the United Arab Emirates' most prominent businessmen is leading calls for regulations across the Gulf Arab region to smooth the transfer of ownership of family businesses after the death of the founder. Ghurair, the billionaire chief executive of Dubai- based lender Mashreq and chairman of conglomerate Al Ghurair Investment, among his...

  • *U.S. rig count drops to lowest since 2010- Baker Hughes. Brent fell 20 cents to $65.08 a barrel by 1145 GMT, having touched $65.61 earlier in the session. Fighting in Yemen raged on as Saudi Arabia continued its air strikes against Houthi militia forces in Aden.

  • TOKYO/ ABU DHABI, April 27- Japan's Inpex Corp became the first Asian oil company to get a stake in a new 40- year onshore oil concession in Abu Dhabi, joining France's Total in developing the United Arab Emirates' biggest oilfields. Abu Dhabi National Oil Company said on Monday it had granted Inpex a 5 percent stake in the new concession. The Inpex concession gives...

  • *U.S. rig count drops to lowest since 2010- Baker Hughes. LONDON, April 27- Brent crude reversed early gains to fall below $65 on Monday as the dollar strengthened, offsetting signs that U.S. shale output may have started to decline and concerns that fighting in Yemen could disrupt Middle East supplies. Brent fell 47 cents to $64.81 a barrel by 0936 GMT, having touched...

  • *U.S. rig count drops to lowest since 2010- Baker Hughes. LONDON, April 27- Brent crude prices steadied above $65 a barrel on Monday, supported by signs that U.S. shale output may have started to decline and concerns that fighting in Yemen could disrupt Middle East supplies. Fighting in Yemen raged on as Saudi Arabia continued its air strikes against Houthi militia...

  • *U.S. rig count drops to lowest since 2010- Baker Hughes. *Fighting escalates in Yemen, no resolution in sight. SINGAPORE, April 27- Brent crude prices held near a 4-1/ 2 month high above $65 a barrel on Monday, supported by concerns over fighting in Yemen disrupting Middle East supplies and signs that U.S. shale output may have started to decline.

  • *Fighting escalates in Yemen, no resolution in sight. SINGAPORE, April 27- Brent crude prices held near a 4-1/ 2 month high above $65 a barrel on Monday, supported by concerns about fighting in Yemen disrupting Middle East supplies and signs that U.S. shale output may have started to decline. Fighting in Yemen raged on as Saudi Arabia continued its air strikes against...

  • *Nepal's health system creaking under pressure. The sick and wounded lay out in the open in the capital, Kathmandu, unable to find beds in the devastated city's hospitals. Across Kathmandu and beyond, exhausted families whose homes were either flattened or at risk of collapse laid mattresses out on streets and erected tents to shelter from rain.

  • *Raids on MQM party in Karachi welcomed by some. ISLAMABAD, April 27- The chief of Pakistan's main spy agency is spearheading a campaign to wrest control of the teeming port city of Karachi from a powerful political party, the military's latest, and some say boldest, foray into civilian life in recent years. "There is a quiet, creeping takeover of Karachi by the...

  • Nepal's health system creaking under pressure. By Gopal Sharma and Sanjeev Miglani. Across the capital, Kathmandu, and beyond, exhausted families lay mattresses out on streets and erected tents to shelter from rain.

  • Strong India rupee stings Modi's export ambitions Sunday, 26 Apr 2015 | 5:00 PM ET

    NEW DELHI, April 27- Ajit Lakha, who runs a mid-sized garment export business in the north Indian textile hub of Ludhiana, prays daily before leaving for work that the rupee will weaken and the euro recover to cut the losses he is taking on his overseas sales. "Only a year ago, I was getting 80 rupees for each euro on garment exports to France. The result has been India's...

  • LONDON— There is still time to save lives— that's why governments and aid agencies Sunday rushed doctors, volunteers and equipment to Nepal without waiting for the dust to settle. U.N. spokeswoman Orla Fagan, who is heading to Nepal, said preventing the spread of disease is one of the most important tasks facing aid workers who are arriving. They will use military...

  • *Fatalities in India, China and Bangladesh. KATHMANDU, April 26- Overwhelmed doctors moved hundreds of patients onto the streets of Nepal's capital on Sunday when aftershocks rattled hospitals and buildings already damaged by an earthquake that killed more than 2,400 people and devastated Kathmandu valley. Outside the National Trauma Centre in Kathmandu,...

  • CAIRO, April 26- Egypt's currency black market, a thorn in the side of successive governments, has virtually disappeared in the past two months following a central bank crackdown. The black market had flourished as a slump in tourism and investment since the overthrow of Hosni Mubarak in 2011 limited supply of hard currency-- undermining an image of relative...