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  • Avon reports 1Q loss Thursday, 30 Apr 2015 | 7:21 AM ET

    The New York company lost $147.3 million, or 33 cents per share, for the three months ended March 31. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share. Five analysts surveyed by Zacks expected higher revenue of $1.83 billion.

  • US Navy ships to accompany US-flagged ships in Gulf Thursday, 30 Apr 2015 | 6:35 AM ET

    WASHINGTON— U.S. Navy ships will begin accompanying U.S. commercial ships during their transit through the Strait of Hormuz at the mouth of the Persian Gulf to ensure they encounter no interference from Iran, U.S. defense officials said Thursday. Iran says it intervened with the Maersk Tigris because the Maersk shipping line owes it money awarded in a lawsuit.

  • Radware meets 1Q profit forecasts Thursday, 30 Apr 2015 | 6:33 AM ET

    TEL AVIV, Israel _ Radware Ltd. on Thursday reported first-quarter earnings of $6.5 million. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 22 cents per share. Radware shares have increased 6.5 percent since the beginning of the year.

  • LONDON, April 30- OPEC oil supply in April has jumped to its highest in more than two years, boosted by record or near-record supplies from Iraq and Saudi Arabia, a Reuters survey showed, as key members stand firm in their focus on market share. The increase from the Organization of the Petroleum Exporting Countries puts output further above forecasts of demand for...

  • *Q1 profit down 56 pct to $3.2 bln, beats consensus of $2.4 bln. LONDON, April 30- Refining and trading cushioned a drop in Royal Dutch Shell's first quarter profits, which fell less than expected after the collapse in oil prices slashed earnings from oil and gas output. Europe's biggest oil company by market value also said it was still looking for acquisitions...

  • PARIS, April 30- Qatar has agreed to buy 24 Dassault Aviation- built Rafale fighter jets in a deal worth 6.3 billion euros, the French government said on Thursday, as the Gulf Arab state looks to boost its military firepower amid regional instability. Tensions in the Middle East with conflicts in Yemen, Syria and Libya, as well as fears of Iran's growing influence in...

  • France sells 24 Rafale fighter jets to Qatar Thursday, 30 Apr 2015 | 5:22 AM ET

    PARIS— France has announced it will sell 24 Rafale fighter jets to Qatar in a 6.3 billion euro deal. Qatar becomes the third buyer of France's delta-winged Rafale, manufactured by Dassault Aviation. Hollande is due to visit Qatar and Saudi Arabia next week.

  • *Teenager pulled alive from Kathmandu rubble. KATHMANDU, April 30- Rescue teams toiling amid rubble left by Nepal's devastating earthquake pulled a teenage boy to safety on Thursday after he had been trapped for five days, a rare moment of joy for a country struggling to cope with the aftermath. But Nepal's Armed Police Force managed to save 15- year-old Pema Lama...

  • France says Qatar to buy 24 Rafale fighter jets Thursday, 30 Apr 2015 | 4:35 AM ET

    PARIS, April 30- France has been informed by Qatar that the Gulf Arab state intends to buy 24 Dassault Aviation- built Rafale fighter jets, the French president's office said in a statement on Thursday.

  • PARIS, April 30- France could sign a deal worth about 3 billion euros with Qatar for the sale of as many as 36 Dassault Aviation- built Rafale fighter jets in the next few days, Europe 1 radio reported on Thursday. Dassault Aviation declined to comment. France has already sold Rafale jets to India and Egypt this year.

  • KATHMANDU, April 30- Nepali farmer Rishi Ram Khanal was looking forward to leaving Nepal for Dubai, where a $220- a-month job as a cleaner at a Kentucky Fried Chicken restaurant promised him the chance to pull his young family out of a life of poverty. Khanal found himself buried under the debris of a five-storey Kathmandu guest house, pinned to the ground by fallen...

  • *Holcim net 310 million francs vs f'cast 340 mln. *Lafarge shares up 4.5 percent, Holcim up 2.0 percent. ZURICH/ PARIS, April 30- Swiss cement maker Holcim reported a jump in first-quarter net profit on Thursday, helped by asset sales, while its French merger partner Lafarge posted a better than expected rise in operating profit.

  • In mere seconds a powerful earthquake devastated a swathe of Nepal. "I don't know when it would be realistic for tourists to again visit Nepal." Biswas forecasts the cost of reconstruction could exceed $5 billion or about 20 percent of Nepal's economy.

  • TOKYO, April 30- Asian imports of Iranian crude fell 9.2 percent in March from a year ago as India bought no oil from the sanctions-hit country for the first time in at least a decade under U.S. pressure, offsetting a jump in purchases by Japan and South Korea. Imports by Iran's four biggest buyers- China, India, Japan and South Korea- totalled 1.04 million barrels per...

  • JABER CROSSING, Jordan— Jordan's overland trade has largely been paralyzed by recent border attacks from insurgents in neighboring Syria and Iraq— a spillover of regional turmoil threatening a close Western ally that has thus far succeeded in fending off Islamic militants. The violence has forced the closure of the only Syria- Jordan trade crossing and...

  • Talks between six major powers and Tehran are approaching the final stages after they hammered out a preliminary agreement on April 2, with Iran committing to reduce the number of centrifuges it operates and other long-term nuclear limitations. "The UK government informed the Panel on 20 April 2015 that it' is aware of an active Iranian nuclear procurement...

  • SEOUL, April 30- U.S. crude futures held around $58.50 a barrel on Thursday, near their highest this year as U.S. crude stockpiles grew less than expected after the first decline since November in stocks at the main U.S. delivery hub. *Brent crude futures, the more widely-used benchmark, shed 39 cents to $65.45, after finishing up $1.20 at $65.84 in a session that saw...

  • *China's Avic forecast to become world's biggest drone maker. While its technology lags the United States and Israel, the biggest vendors of unmanned aerial vehicles, China is attracting a growing list of foreign buyers including Nigeria, Pakistan and Egypt. Market researcher Forecast International pegged the value of production for military drones...

  • Iran scraps cash handouts to its wealthiest to ease burden Wednesday, 29 Apr 2015 | 10:25 AM ET

    TEHRAN, Iran— Iran has scrapped the country's wealthiest citizens off a list of people receiving monthly cash handouts in a small step toward easing the burden on the budget and freeing up more government funds, an official said Wednesday. That deal, expected to be finalized by the end of June, is meant to ensure that Iran cannot make a nuclear weapon in return for...

  • Air Arabia's Jordanian division to launch flights in May Wednesday, 29 Apr 2015 | 9:47 AM ET

    DUBAI, United Arab Emirates— Middle Eastern budget airline Air Arabia says it plans to launch a new division based in Jordan starting on May 18. The initial destination will be Kuwait City, followed by Jiddah, Saudi Arabia; Irbil, Iraq; and Sharm el-Sheikh, Egypt. Air Arabia is based in the United Arab Emirates city of Sharjah, near Dubai.