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  • DETROIT, April 28- Detroit automakers have come full circle, relying as they did before the financial crisis on profits from selling trucks and sport utility vehicles in the United States to cover losses overseas. That's the profit formula Detroit was supposed to move beyond after the financial crisis, gas price shocks and the federal bailouts of General...

  • April 28- MasterCard Inc's strong association with Chinese bank card behemoth UnionPay is expected to help it reap more benefits than larger rival Visa Inc as the country opens up its $7 trillion bank card payments market to foreign players. Shares of MasterCard and Visa rose 4 percent in the three days following the announcement. "It's pretty close... but...

  • LONDON, April 28- Brent crude futures reversed early losses to hold steady on Tuesday as a weaker dollar offset expectations that weekly U.S. crude inventory data will show another record build. Brent June crude futures rose 10 cents to $64.93 a barrel by 1300 GMT after touching a low of $63.90 earlier in the session. June crude rose 10 cents to $57.09 a barrel,...

  • *Banker says investors still link Cyprus to Greece. LONDON, April 28- Bailed-out Cyprus sold one billion euros in seven-year bonds on Tuesday, highlighting its economic recovery and the gulf with Greece, whose future in the euro zone is in doubt. By contrast yields on debt issued by Greece, the country which effectively forced Cyprus to seek an international...

  • LONDON, April 28- Brent crude futures slipped on Tuesday ahead of weekly U.S. crude inventory data that is expected to hit another high, but a weaker dollar helped to put a floor under prices. Brent June crude futures had slipped 8 cents to $64.75 a barrel by 1058 GMT, after touching a low of $63.90 earlier in the session. June crude fell 26 cents to $56.73 a barrel,...

  • LONDON, April 28- Oil prices fell on Tuesday ahead of weekly U.S. crude inventory data that is expected to hit another high, withdrawing further from a rally that saw Brent crude futures touch a 4 1/ 2 month high on Friday. Brent June crude futures fell 43 cents to $64.40 a barrel by 0920 GMT. June crude fell 40 cents to $56.59 a barrel.

  • LONDON, April 28- The euro hovered near a three-week peak on Tuesday, boosted by renewed hopes that cash-strapped Greece could secure extra funding and as the dollar remained weak ahead of a U.S. The euro rose late on Monday on news that Greek Prime Minister Alexis Tsipras had reshuffled his team handling talks with European and IMF lenders.

  • MSCI's broadest index of Asia-Pacific shares outside Japan was down about 0.3 percent after earlier touching its highest level since January 2008. Japan's Nikkei stock index advanced 0.3 percent as on hopes of better shareholder returns after index heavyweight Fanuc Corp doubled its dividend payout ratio. "Heading into another peak earnings week,...

  • SYDNEY/ TOKYO, April 28- The euro hovered near a three-week peak 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...

  • *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...

  • NEW YORK, April 27- Bankruptcy lawyer Harvey Miller, who led Lehman Brothers through its record-breaking Chapter 11 case starting in 2008, has died at 82 after a battle with ALS, his law firm, Weil Gotshal& Manges, announced on Monday. After joining Weil in 1969, Miller built the firm's bankruptcy practice into a global powerhouse, playing key roles in the...

  • 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...

  • 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...

  • *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...

  • *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...

  • 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...

  • *U.S. rig count drops to lowest since 2010- Baker Hughes. *Fighting escalates in Yemen, no resolution in sight. SINGAPORE, April 27- Brent crude prices held near a 4-1/ 2 month high above $65 a barrel on Monday, supported by concerns over fighting in Yemen disrupting Middle East supplies and signs that U.S. shale output may have started to decline.

  • *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...

  • 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,...

  • FRANKFURT, April 25- If running a global bank is complicated, cutting one back is even more difficult. Deutsche Bank faces a long and costly battle, analysts say, to sell Postbank and pare investment banking, the new strategic goals it outlined late on Friday. Germany's flagship lender comes late to restructuring after European rivals such as Barclays and Credit...