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  • *Markets, policymakers taken by surprise. *2016 inflation could be significantly higher. LONDON, April 27- Whisper it, but the next challenge for financial markets and policymakers may not be deflation, but the remarkable surge in oil prices from the six-year low touched in January.

  • BERLIN, April 27- Investors hope that Volkswagen will be able to revive profitability at its core division, cure underperformance overseas and bury lingering plans for acquisitions after the resignation of Chairman Ferdinand Piech. Piech, the mastermind of VW's global expansion and a towering figure at the German group for more than two decades, stepped down...

  • UPDATE 3-Investors question Deutsche Bank's overhaul Monday, 27 Apr 2015 | 6:10 AM ET

    *To exit 7-10 countries but invest in India, China. FRANKFURT, April 27- Deutsche Bank's biggest strategic overhaul under co-chief executives Anshu Jain and Juergen Fitschen got a thumbs down from investors on Monday who judged it too little too late. Germany's flagship lender has trailed rivals under the tenure of Jain and Fitschen who despite the...

  • LONDON, April 27- Stimulus hopes fuelled a 3 percent Chinese equity surge on Monday, boosting Asian currencies and pushing emerging stocks to 7-1/ 2- month highs, though Russian markets tumbled, with the rouble down 1.8 percent to the dollar. Taiwan, the third biggest component of MSCI index after China and South Korea, touched new 15- year highs.

  • ATHENS, Greece— An opinion poll shows a majority of Greeks are dissatisfied with the new government's performance, and half want it to compromise with its European creditors if current tortuous bailout negotiations reach an impasse. The poll, carried out by ALCO for the Proto Thema Sunday newspaper, found 52 percent were not satisfied with the government's...

  • MOSCOW, April 27- Russian state-owned oil pipeline monopoly Transneft was quoted on Monday as saying deliveries of Russian oil to Europe via the Druzhba pipeline had been reduced because of an accident in neighboring Belarus. RIA news agencies quoted the company as saying that supplies could be restored later on Monday but that it may fail to meet its supply...

  • *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...

  • We should let Greece go bankrupt: Ifo's Sinn Monday, 27 Apr 2015 | 5:44 AM ET

    Europe needs to allow for bankruptcy within its borders, the president of the influential Ifo Institute for Economic Research told CNBC.

  • World Bank sees Belarus's 2015 GDP falling 3.5 pct Monday, 27 Apr 2015 | 5:39 AM ET

    MINSK, April 27- The World Bank said on Monday it saw Belarus's gross domestic product contracting 3.5 percent this year, sharply revising it down from an earlier forecast of 1.8 percent growth. Next year the contraction will continue, with GDP expected to decline 1 percent, Ruslan Penkevsky, the bank's senior economist for Belarus, said at a press conference.

  • *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...

  • Diageo's Indian hangover gets worse Monday, 27 Apr 2015 | 5:02 AM ET

    Barely a year after U.K. drinks giant Diageo won a majority stake in India's United Spirits, a boardroom battle is giving the company a sore head.

  • *Deutsche Bank down 4.9 percent. LONDON, April 27- European shares edged lower on Monday, with persistent concerns about Greece's debt situation prompting some investors to take profits after recent strong gains. Deutsche Bank fell 4.9 percent as investors doubted whether co-chief executives Anshu Jain and Juergen Fitschen would meet their new targets.

  • LONDON, April 27- Deutsche Bank's plan to jettison much of its German retail bank and withdraw from one in ten countries sees it join a growing list of banks choosing to shrink and simplify to survive. HSBC has already sold or shut 77 businesses and could yet dispose of big operations in Brazil or Turkey. Credit Suisse's incoming CEO Tidjane Thiam is expected to cut...

  • OSLO, April 27- A group of international investors is suing Norway in an attempt to overturn its decision to cut gas pipeline tariffs, arguing the fee reduction will cost them 15 billion crowns in lost earnings through 2028.. Challenging Norway's reputation as a predictable place to do business, investors including Allianz, UBS, the Abu Dhabi Investment...

  • Deutsche Bank leads Europe lower; Greece in focus Monday, 27 Apr 2015 | 4:45 AM ET

    European equities were lower Monday with investor sentiment curbed by an announcement from Deutsche Bank.

  • *World shares hit new high, Greece worries pull Europe down. LONDON, April 27- World shares hit a new high on Monday, led by China, though the global rally faded in Europe as investors looked ahead to central bank meetings in the United States and worried over Greece. The FTSEurofirst 300 index was down 0.4 percent, hit by concern about a lack of progress in talks between...

  • Deutsche Bank announces overhaul; shares down 5% Monday, 27 Apr 2015 | 4:23 AM ET

    Deutsche Bank announced a major overhaul in an effort to deliver savings Monday, which would cost a one-off $4 billion to achieve.

  • Hong Kong stock up on HSBC, state firm merger hopes Monday, 27 Apr 2015 | 4:19 AM ET

    April 27- Hong Kong stocks advanced to fresh seven-year highs on Monday, led by Chinese state-owned giants on expectations that Beijing will accelerate mergers among state-owned enterprises. The market was also bolstered by index heavyweight HSBC Holdings Plc, which jumped 3.6 percent after Europe's biggest bank ordered a review into whether it should...

  • MADRID— Spain's prime minister says the country's economy is on track to grow 2.9 percent this year and expand an additional 2.9 percent in 2016.. Mariano Rajoy gave the upbeat assessment a month before his party is expected to face a tough challenge in nationwide regional and local elections from the main opposition Socialist Party and two new parties...

  • FOREX-All eyes on Fed as dollar halt reaches 7 weeks Monday, 27 Apr 2015 | 3:57 AM ET

    *Dollar steadies after weak investment numbers on Friday. LONDON, April 27- The dollar steadied in the lower half of an increasingly intransigent range on Monday, after sliding late last week following another round of disappointing U.S. economic data. "The real problem last week was the lack of anything new to go on, which probably left us more exposed to the...