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  • Europe shares ends sharply lower amid Greece fears Friday, 17 Apr 2015 | 11:31 AM ET

    European markets closed sharply lower on Friday, pressured by Chinese futures and mounting tensions over Greece debt negotiations.

  • WASHINGTON, April 17- Britain favors the eventual inclusion of the Chinese yuan in the International Monetary Fund's SDR basket of currencies, finance minister George Osborne said on Friday, saying it was important to include emerging powers in the world system. He also sought to explain Britain's surprise decision last month to join the Beijing- dominated...

  • LONDON, April 17- The Group of 20 leading economies is set to back action by regulators to ensure that clearing houses for securities can withstand market shocks. "We will identify and address gaps related to the resilience, recovery and resolution of central counterparties," G20 finance ministers and central bankers said in a draft communique prepared for a...

  • Greek 'day of reckoning' shakes stock markets Friday, 17 Apr 2015 | 10:30 AM ET

    NEW YORK— Fear that Greece could default on its debt and abandon the euro rattled global financial markets Friday. News that negotiations between Greece and its international lenders are making little progress sent European stock markets down sharply, and the selling spread across the Atlantic. "The day of reckoning" for Greece is fast approaching, said Uri...

  • ATHENS, April 17- Greece will need to tap all the remaining cash reserves across its public sector-- a total of 2 billion euros-- to pay civil service wages and pensions at the end of the month, according to finance ministry officials. Athens' scramble for basic funds shows how extreme the financial constraints on Greek Prime Minister Alexis Tsipras have become as he...

  • LONDON, April 17- Oil prices repaired early losses to rally above $64 on Friday due to the conflict in Yemen. Brent crude was within sight of its 2015 high reached on Thursday and has rallied 16 percent in April, supported by Yemen and the prospect that lower prices are starting to curb U.S. shale output. While Yemen is not a major oil producer, the conflict raises...

  • LONDON— An expensive and wide-ranging British investigation into alleged bribery by reporters crumbled Friday, after a jury acquitted four tabloid journalists of paying prison officers for information. Jurors at London's Central Criminal Court found Tom Wells, Neil Millard and Brandon Malinsky from the Rupert Murdoch-owned Sun and Graham Brough of the...

  • NEW YORK— Stocks are opening lower in the U.S. following steep declines in Europe and some disappointing results from big companies. American Express slumped 4 percent early Friday, the most in the Dow Jones industrial average, after reporting revenue that missed analysts' forecasts. Honeywell fell 2 percent after its revenue also fell short.

  • NEW YORK, April 17- U.S. The Labor Department said on Friday its Consumer Price Index increased 0.2 percent last month after a similar gain in February. "The market was up overnight following bonds in Europe and bunds making new lows again," said Dan Mulholland, head of Treasuries trading at Credit Agricole in New York.

  • *U.S. consumer prices rise for a 2nd month. NEW YORK, April 17- The dollar rebounded from a three-week low against the yen and a 10- day trough against a currency basket on Friday, bolstered by data showing inflation starting to creep into the U.S. economy, a development that should keep the Federal Reserve on track to lift interest rates this year.

  • Dutch launch criminal investigation into Uber Friday, 17 Apr 2015 | 9:37 AM ET

    AMSTERDAM, April 17- Dutch prosecutors launched a criminal investigation into Uber for providing an illegal taxi service in violation of a court order, a statement said on Friday. It ordered Uber to stop offering it under threat of a 100,000 euro fine. Dutch prosecutors, who raided Uber's offices in March, said they were starting an inquiry after police in...

  • NEW DELHI, April 17- India's trade deficit in March was the highest in four months, at $11.79 billion, as exports continued to fall, underscoring risks for growth prospects in Asia's third largest economy. That could be about to change, with policymakers and businesses fretting that weak foreign demand could torpedo Prime Minister Narendra Modi's...

  • LONDON, April 17- Money raised through stock market listings in western Europe has hit a 15- year high so far this year, despite a slight fall in the number of deals, Thomson Reuters data showed on Friday. Western Europe has been the source of almost half of cash raised globally from flotations, while the Americas accounted for just 15 percent. Four major deals...

  • *UK unemployment rate falls to 5.6 pct. LONDON, April 17- Britain's economy created the largest number of new jobs in nearly a year and unemployment hit its lowest rate since mid-2008, official labor market data showed on Friday, the last such report before a closely fought election on May 7. The opposition Labor Party stressed the slow pace of Britain's recovery in...

  • German Bunds suffer a rocky Friday but stay off 0% Friday, 17 Apr 2015 | 9:19 AM ET
    Traders at the Frankfurt Stock Exchange

    German Bund yields accelerated declines Friday, to trade just above zero percent, as investors eyed a move into negative territory.

  • LONDON, April 17- A former UK broker on Friday pleaded not guilty in a London court to a criminal charge he conspired to manipulate Libor benchmark interest rates. Noel Cryan, a former employee at UK brokerage Tullett Prebon, is charged with conspiracy to defraud between February and December 2009 and is the first former Tullett employee to face sanction in a...

  • ATHENS, Greece— Greek officials say negotiators are to meet representatives of the country's creditors again on Saturday to "find common ground" in tortuous talks over the future of Greece's bailout. Dependent on funds from two multi-billion euro bailouts since 2010, Greece is fast running out of cash. Negotiations with representatives of its creditors in...

  • *OPEC, IEA say OPEC output surges, adding to glut. LONDON, April 17- Oil prices eased slightly on Friday as evidence this week of rising crude supplies from OPEC members offset Middle East tensions and signs of a slowdown in U.S. output. A day earlier, the International Energy Agency, which advises industrialized countries, also reported a surge in OPEC production to...

  • Schlumberger is cutting another 11,000 jobs, bringing the total to 20,000 this year, as slumping oil prices squeeze the world's largest oilfield services companies. Schlumberger's profit tumbled 39 percent in the first quarter with oil companies cutting back on production in North America. Schlumberger has slashed spending to adapt, yet the fall-off has...

  • UPDATE 2-Bloomberg outage hits financial markets Friday, 17 Apr 2015 | 9:11 AM ET

    LONDON, April 17- An outage at news and market data provider Bloomberg LP hit financial markets around the world on Friday, prompting debt sales to be postponed and exacerbating a spike in volatility in European stocks. Social media first reported the Bloomberg systems going down at around 0720 GMT and the screens were blank for most of the following two hours,...