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  • COPENHAGEN, April 30- Novo Nordisk's chief operating officer, a 26- year company veteran who had been expected to become CEO, quit on Thursday after the board decided the current chief should stay on for now. Chief Executive Lars Rebien Sorensen had been expected to step down from the world's largest insulin maker well before the end of his contract in 2019. When...

  • Shell profits beat expectations despite low oil prices Thursday, 30 Apr 2015 | 3:42 AM ET

    LONDON— Oil company Royal Dutch Shell on Thursday reported better-than-expected profits, though sales were hammered by the drop in global energy prices. Net profit attributable to shareholders fell to $4.43 billion from $4.51 billion, better than market expectations for a drop to $2.40 billion. Van Beurden said that Shell will, after its announced takeover...

  • MELBOURNE, April 30- London nickel rallied 3 percent on Thursday, echoing gains in Shanghai, as buyers rushed into the contract on pent up supply worries, forcing a flurry of short-covering ahead of a long weekend. London nickel has defied long held expectations of a deficit, slumping to six-year lows mid-month, as China's vast stainless steel industry has bought...

  • Investors were disappointed and Nokia's stock fell nearly 11 percent to close at 6.04 euros on the Helsinki Stock Exchange. Analyst Hannu Rauhala from Pohjola Bank described Nokia's networks profit as "a clear disappointment. Despite the drop in networks profit, the Finnish company's overall revenue surged 20 percent in the period, to 3.2 billion euros from...

  • Noble Corp. beats Street 1Q forecasts Wednesday, 29 Apr 2015 | 5:09 PM ET

    LONDON _ Noble Corp. on Wednesday reported first-quarter profit of $178.4 million. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share. Noble Corp. shares have dropped roughly 2 percent since the beginning of the year, while the Standard& Poor's 500 index has increased slightly more than 2 percent.

  • *Oil prices up most in April since May 2009. *Wednesday rally sparked by first Cushing crude draw since Nov. NEW YORK, April 29- Oil prices hit the highest this year on Wednesday after the first crude stock draw in five months at the U.S.

  • Commerce Department data showed U.S. gross domestic product expanded at an only 0.2 percent annual rate, marking the weakest reading in a year, leading to a lower open on Wall Street. The data hit European shares, which also suffered from weak corporate results from companies such as Delhaize and Norsk Hydro. "People are speculating that we are in a low patch after...

  • ANALYSIS-Absence of contagion changes whole Greek game Wednesday, 29 Apr 2015 | 3:00 PM ET

    LONDON, April 29- If fear of Europe- wide financial wildfire was Athens' trump card in its standoff with euro zone creditors- then the card has now turned up a dud. A reprise of 2010/ 2011 would have seen any threat of Greek default or euro exit infecting markets everywhere and sending government borrowing costs across Italy, Spain, Ireland and Portugal soaring,...

  • Q1 GDP falls, undermines dollar. NEW YORK, April 29- The dollar dropped to a nine-week low on Wednesday after data showed the U.S. economy grew much more slowly than expected in the first quarter, reinforcing expectations for a gradual pace of interest rate rises by the Federal Reserve. "The breakdown is not as weak as the final sales number and inventory build data...

  • *Inventories at Cushing fall for first time since November. Government data showing a smaller-than-expected rise last week in crude inventories throughout the United States also aided sentiment, although some traders felt the market was ignoring bearish elements like higher production. U.S. crude futures were up $1.70 at $58.76 a barrel by 11:58 a.m. EDT,...

  • LONDON, April 29- Sterling at a seven-week peak against a basket of currencies and UK stocks near record highs suggest Britain's most unpredictable general election for a generation holds no particular fears for investors. History shows there have rarely been sizeable moves in UK assets in the three months either side of a general election.

  • Commerce Department data showed U.S. gross domestic product expanded at an only 0.2 percent annual rate, marking the weakest reading in a year, leading to a lower open on Wall Street. The data also hit European shares, which already suffered from weak corporate results from companies including Delhaize and Norsk Hydro. The low-rate environment is a bubble in...

  • *China seeking foreign access for its high-speed trains-sources. BEIJING, April 29- China's top two trainmakers have been in discussions with Bombardier Inc about possibly buying a controlling stake in the Canadian company's railway unit, two sources with direct knowledge of the matter said. China CNR Corp Ltd and state-owned CSR Corp Ltd, now in the process of...

  • For UK's utilities, more pain could follow election Wednesday, 29 Apr 2015 | 10:57 AM ET

    *Centrica, SSE shares seen falling if Labour in government. Fears the' Big Six' energy firms will face greater scrutiny and regulation as politicians try to show they are on the side of consumers and not big business have already led some investors to shun stocks like Centrica and SSE. London- listed Centrica and SSE saw 2.7 billion pounds wiped off their combined...

  • Q1 GDP falls, undermines dollar. NEW YORK, April 29- The dollar dropped to an eight-week low on Wednesday after data showed the U.S. economy grew much more slowly than expected in the first quarter, reinforcing expectations for a gradual pace of interest rate rises by the Federal Reserve. "Any hopes of a June rate hike were dashed," said London- based Craig Erlam, senior...

  • European shares hit by weak earnings and rebound in euro Wednesday, 29 Apr 2015 | 9:30 AM ET

    *Delhaize falls after weaker-than-expected results. *Greece to present draft reform bill to lenders. LONDON, April 29- A batch of weaker-than-expected corporate results deflated European shares on Wednesday, while a rebound in the euro currency also pegged back the region's stock markets.

  • WASHINGTON, April 29- U.S. economic growth braked more sharply than expected in the first quarter as harsh weather dampened consumer spending and energy companies struggling with low prices slashed spending, but there are signs activity is picking up. A strong dollar and a now-resolved labor dispute at normally busy West Coast ports also slammed growth, the...

  • Three men in UK court on insider dealing charges Wednesday, 29 Apr 2015 | 8:31 AM ET

    LONDON, April 29- Three men appeared in a London court on Wednesday charged with using inside information to trade in technology company Logica shares during its Canadian takeover in 2012, the Financial Conduct Authority said. Manjeet Singh Mohal, 58, appeared before Westminster Magistrates' Court charged with two counts of insider trading and Reshim Birk,...

  • *Cameron says will enshrine tax pledge in new law. April 29- British Prime Minister David Cameron courted voters on Wednesday by promising a new law to prevent tax increases for five years if he is re-elected on May 7, a move instantly dismissed as a gimmick by other political parties. Cameron, seeking to break a deadlock in opinion polls with just eight days to go...

  • LONDON, April 29- The euro and German bond yields rose to their highest level in weeks on Wednesday, after data showed that a measure of bank lending across the bloc stopped shrinking in March and consumer inflation expectations rose for the first time this year. The euro traded above $1.10 and the 10- year German bond yield rose as high as 0.25 percent.