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  • SINGAPORE, April 28- Gold clung to sharp overnight gains on Tuesday, bolstered by a weaker dollar and short-covering on rising expectations the Federal Reserve will not hint at a June rate hike at its policy meeting this week. *Spot gold had eased slightly to $1,199.60 an ounce by 0040 GMT, after jumping nearly 2 percent in the previous session.

  • FOREX-Euro perks up on Greek hopes, dollar dips Monday, 27 Apr 2015 | 7:35 PM ET

    SYDNEY, April 28- The euro hovered just under a three-week peak early on Tuesday, having pushed higher overnight as the dollar came under broad pressure and on renewed hopes that cash-strapped Greece was a step closer to securing fresh funding. Greek Prime Minister Alexis Tsipras on Monday reshuffled his team handling talks with European and IMF lenders, a move...

  • FRANKFURT, April 27- A radical plan for Deutsche Bank to become a pure investment bank and corporate lender was dropped after stress tests demanded by the European Central Bank concluded the model would not withstand a severe financial crisis, sources said. Deutsche Bank, Germany's biggest lender, has spent much of this year looking at ways of reconfiguring its...

  • ATHENS, Greece— Greek Prime Minister Tsipras rules out early elections if bailout talks with creditors fail.

  • WASHINGTON— The Food and Drug Administration says Medtronic must stop most sales of its implantable drug pumps after years of uncorrected problems. The FDA has filed a court order against Medtronic that says the medical device giant must halt most production and distribution of its Synchromed II drug pumps, which are implanted devices used to treat patients...

  • *Saudi Arabia tells China ready to supply more oil if needed. NEW YORK, April 27- Crude settled lower on Monday as ample global supply blunted support from the conflict in Yemen and the falling number of U.S. rigs drilling for oil and kept traders cautious after prices reached 2015 peaks last week. "While the situation in Yemen and the falling U.S. rig count have...

  • CHICAGO, April 27- U.S. corn and wheat futures fell on Monday to their lowest levels since October, on outlooks for speedy corn plantings in the Midwest and crop-friendly rains in the southern Plains wheat belt. "We could have two solid weeks of planting, with some scattered showers in between, which would be pretty much ideal," said Jefferies Bache grains analyst...

  • NEW YORK, April 27- The euro scaled a three-weak peak against the dollar on Monday, on optimism about Greece's prospects after the government reshuffled its bailout negotiating team as the cash-strapped country seeks to avoid a default. Greece looks set to run out of funds in the coming weeks. "There was probably a view that Varoufakis was an obstacle to...

  • The game of chicken between Greece and its international creditors is turning into a vicious blame game as Athens lurches closer to bankruptcy with no cash-for-reform agreement in sight. Europe's political leaders and central bankers and Greek politicians agree on only one thing: if Greece goes down, they don't want their fingerprints on the murder weapon.

  • REUTERS BUSINESS NEW SCHEDULE AT 1830 GMT/2:30 PM ET Monday, 27 Apr 2015 | 2:38 PM ET

    Apple Inc is expected to report a 20 percent increase in quarterly profit and that iPhone sales in China surpassed those in the United States for the first time., expect by 1930 GMT/ 4:30 PM ET, by Bill Rigby, 200 words). -BARRICK GOLD-RESULTS/, expect by expect by 1930 GMT/ 4:30 PM ET, 200 words). U.S. stocks move lower as healthcare stocks led by Amgen drag on the three major...

  • 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.

  • *Euro gains on Greece optimism. NEW YORK, April 27- Wall Street fell modestly on Monday following healthcare stocks, but European shares and the euro advanced on optimism over talks between Greece and its lenders after Greece reshuffled its negotiating team. Concerns over Greece have mounted since the country looks set to run out of cash in coming weeks.

  • LISBON, April 27- Portugal's Galp Energia said adjusted first-quarter net profit more than doubled from a year earlier, in line with expectations, thanks to a sharp increase in refining margins and rising oil output. In his first news briefing as chief executive, Carlos Gomes da Silva also said Shell's acquisition of BG Group, which is Galp's partner in some...

  • *Cap Gemini to buy U.S.-based IGATE for $4 bln. *Cap Gemini shares up 7.5 pct, IGATE shares rise to offer price. PARIS, April 27- Cap Gemini SA, a French information technology services company, said it will buy U.S.-based rival IGATE Corp for $4 billion in a deal that would make North America into its biggest market and hand IGATE's founders a $1 billion windfall.

  • NEW YORK, April 27- Oil futures seesawed in volatile trading on Monday as the conflict in Yemen and falling U.S. rig counts lent support, while ample global supply kept market participants cautious after prices reached 2015 peaks last week. Saudi-led aircraft pounded Iran- allied Houthi militiamen and rebel army units in Yemen on Monday as a humanitarian crisis...

  • EASTLEIGH, England, April 27- British Prime Minister David Cameron's junior coalition partners, the Liberal Democrats, believe they can return to government even if they lose almost half their seats in next month's election, a senior party source said on Monday. Most polls show Cameron's Conservatives level with the opposition Labour Party before the May 7...

  • VW chairman quits, but questions over future remain Monday, 27 Apr 2015 | 12:05 PM ET

    FRANKFURT, Germany— Volkswagen's patriarch has left the building. Ferdinand Piech shaped the company's destiny for more than 25 years. Piech had criticized CEO Martin Winterkorn in an interview with Germany's Der Spiegel magazine, saying he was "at a distance" from him.

  • The shock departure of Piech, a dominant figure at VW for over two decades, leaves IG Metall's former national leader Berthold Huber as acting chairman of Europe's biggest carmaker. At Deutsche Bank, opposition from the Verdi union to a wholesale disposal of the lender's retail operations helped convince co-CEOs Anshu Jain and Juergen Fitschen to ditch their...

  • NEW YORK, April 27- A measure of equity markets worldwide hit record highs on Monday as optimism over Greece supported European stocks while U.S. shares added to last week's gains ahead of Apple results and a Federal Reserve policy meeting. MSCI's all-country world stock index, which tracks shares in 45 countries, extended a multi-year rally to a fresh record...

  • LONDON, April 27- Britain's warning to potential suitors of BP is a sign of the oil major's vulnerability to a takeover bid and that a more politically palatable tie-up with Royal Dutch Shell no longer seems to be an option, banking and industry sources said. Despite championing a laissez-faire policy towards takeover deals, Britain has always had a special...