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  • *Euro pressured as Greece, creditors negotiate debt deal. TOKYO, April 27- The dollar started the week on the defensive on Monday after more disappointing U.S. economic data reinforced expectations the U.S. Federal Reserve will not hike interest rates any time soon, while concerns about Greece's ongoing debt talks pressured the euro.

  • BERLIN/ FRANKFURT, April 27- Ferdinand Piech, who resigned as chairman of Volkswagen over the weekend, sowed the seeds of his own demise by reneging on a deal to support CEO Martin Winterkorn and secretly plotting to oust him instead, according to sources close to the VW board. When news leaked out last week that Piech had been lobbying family members behind the...

  • *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...

  • 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...

  • Why Apple may be flying too close to the sun Sunday, 26 Apr 2015 | 4:50 PM ET

    Apple's market capitalization is greater than any other company's. Yet the consensus is that Apple is still having a growth spurt.

  • LONDON, April 26- Scotland is likely to win self rule in the next few years while the economic divide between the international powerhouse of London and the rest of the United Kingdom will deepen, media tycoon Rupert Murdoch said on Sunday. Scots rejected independence in that referendum, but the Scottish National Party is now forecast to win the majority of...

  • *UK faces election on May 7. LONDON, April 26- Britain's Labour Party on Sunday ruled out a post-election deal with Scottish nationalists after Prime Minister David Cameron's Conservatives said such a tie-up could spark the biggest constitutional crisis since the 1936 abdication of the king. With Labour and the Conservatives level in most polls and neither on...

  • MADRID— Greenpeace has called on Spain's government to dedicate more resources to cleaning up an oil spill rising up from a sunken fishing trawler off the Canary Islands after spotting a five-kilometer slick. The group said one of its planes had detected "thick oil" covering the ocean just above where the Russian fishing boat Oleg Naydenov sank on April 14, about...

  • 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...

  • *Legal reserves at 4.8 bln euros, contingent liabilities up. FRANKFURT, April 26- Deutsche Bank's earnings fell by half in the first quarter, a greater-than-expected drop as hefty legal charges eroded gains in investment banking revenue, while it prepares to unveil details of a strategic overhaul. Deutsche has so far positioned itself as Europe's "last man...

  • FRANKFURT, Germany— Deutsche Bank says net profit fell to 559 million euros in the first quarter as legal penalties ate into stronger revenues from trading stocks and bonds. Last week the bank said that it had agreed to pay penalties of $2.175 billion to the U.S. Justice Department, the Commodity Futures Trading Commission and the New York Department of...

  • *UK faces election on May 7. LONDON, April 26- Britain's Labor Party on Sunday ruled out a post-election deal with Scottish nationalists after Prime Minister David Cameron's Conservatives said such a tie-up could spark the biggest constitutional crisis since the 1936 abdication of the king. With Labor and the Conservatives level in most polls and neither on...

  • NEW YORK, April 26- Four-hundred miles from the near overflowing tanks at the U.S. oil hub in Cushing, Oklahoma, a second glut in the Permian Basin of West Texas is pressuring oil prices once again as pipeline disruptions strand millions of barrels in the region. Stockpiles in Cushing, the delivery point for the U.S. futures contract, hit a record in the week to March 13,...

  • Big China steel thrives, stoking export fears Sunday, 26 Apr 2015 | 12:01 AM ET

    SHANGHAI, April 26- Plunging iron ore prices are providing a lifeline for some of China's biggest steel mills, but raising the prospect of a rising tide of exports and increased friction with the European Union and countries such as India. That doesn't bode well for struggling steelmakers elsewhere in the world, which have been hoping for a shake-out of the...

  • Like shale oil, solar power is shaking up global energy Saturday, 25 Apr 2015 | 9:00 PM ET

    SINGAPORE/ TOKYO, April 26- One by one, Japan is turning off the lights at the giant oil-fired power plants that propelled it to the ranks of the world's top industrialised nations. Solar power is set to become profitable in Japan as early as this quarter, according to the Japan Renewable Energy Foundation, freeing it from the need for government subsidies and...

  • CHICAGO, April 25- Three highly pathogenic avian flu viruses that have infected poultry and wild birds in the U.S. But the presence of the viruses in North America has scientists scrambling to understand their potential long-term threat. Stephen Morse, an expert in emerging infections at Columbia University.

  • HAMBURG, April 25- An international maritime tribunal on Saturday ruled that Ghana can continue developing a $4.9 billion dollar offshore oil project in an area caught up in a border dispute with Ivory Coast but must not start new drilling. Ivory Coast in February asked the Hamburg- based International Tribunal for the Law of the Sea to issue a moratorium on oil...

  • HAMBURG/ FRANKFURT, April 25- Ferdinand Piech, a towering figure at Volkswagen for more than two decades, resigned as its chairman on Saturday after losing a showdown he had provoked with Chief Executive Martin Winterkorn, ending an era at the iconic German carmaker. Piech, the 78- year-old grandson of the inventor of the Volkswagen Beetle Ferdinand Porsche, had...

  • Sens. Warren, Brown counter Obama on trade Saturday, 25 Apr 2015 | 5:04 PM ET

    WASHINGTON— Two of the Democratic Party's most vocal opponents of strengthening President Barack Obama's hand in trade deals are taking issue with his recent criticism and are calling on him to make public the draft text of a still incomplete deal with 11 other Pacific rim nations. Elizabeth Warren of Massachusetts and Sherrod Brown of Ohio sent Obama a...

  • April 25- Bristol-Myers Squibb Co said its experimental drug cured hepatitis C in over 90 percent of patients in combination with Gilead Sciences Inc's Sovaldi and a commonly prescribed drug, ribavirin, in a late-stage study. Bristol-Myers has been testing the drug, daclatasvir, in combination with Sovaldi after shelving plans to market another hepatitis C...