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  • *Australian dollar hit by shock fall in China exports. SINGAPORE/ TOKYO, April 13- The Australian dollar tumbled on Monday after a shock contraction in China's exports added to worries about slowing growth in the world's second-largest economy, while sterling extended its losses to fresh five-year lows. The poor China trade numbers knocked the Australian...

  • TOKYO, April 13- A rally in China's stock markets to seven year highs on Monday kept an index of Asian shares near its highest level since September, as weak Chinese trade data hardened expectations for more economic stimulus measures from Beijing. Exports contracted 15 percent in March from a year earlier, in a surprise drop that left China with a trade surplus of...

  • TOKYO, April 13- The euro was on the defensive on Monday morning, pressured by the European Central Bank's stimulus driving interest rates lower in the euro zone and on concerns over talks between debt-strapped Greece and its creditors over more funding for Athens. "We think the euro will fall below parity against the dollar by the end of the year because of the...

  • HONG KONG, April 12- China's Evergrande Real Estate Group has cut leverage on its balance sheet over the past two years to a third by classifying some of it as equity, according to analysts' calculations based on its public filings. Evergrande, the most indebted developer among China's top 10 property firms, is seeking additional funding to expand, and a lower...

  • GE shares jumped 7.5 percent on Friday after the company outlined plans for substantially shrinking its GE Capital unit. The plan includes a buyback of up to $50 billion in GE shares, the sale of about $30 billion in real estate assets over the next two years and the disposal of more GE Capital operations. The repurchase program, which will be partly funded by $35...

  • LONDON, April 10- When it comes to forecasting the oil price, big companies play their cards very close to their chests. Analysts from Barclays agreed that because the BG deal brings Shell rich reserves and production outlook in Brazil, it hoped it would prompt the company to slow down or relinquish less competitive assets. "This includes high breakeven projects...

  • *Stocks rally, Europe hits seven-year high. NEW YORK, April 9- World equity markets rose on Thursday, lifted by Greece's repayment of a 450 million euro loan installment to the International Monetary Fund and growing expectations that the U.S. Bond yields spiked after a weak sale of long-dated Treasury securities, while Wall Street was little changed, as...

  • April 9- Jefferies Group LLC said it will sell most of its Bache unit's commodities and financial derivatives accounts to Societe Generale, ending the investment bank's four-year foray into the competitive brokerage business. Societe Generale's shares were slightly up at 46.54 euros in Paris. Last year, ICAP closed its metals business last year, while...

  • Investors want BG deal to trigger change at Shell Thursday, 9 Apr 2015 | 11:32 AM ET

    LONDON, April 9- When it comes to forecasting the oil price, big companies play their cards very close to their chests. Analysts from Barclays agreed that because the BG deal brings Shell rich reserves and production outlook in Brazil and the Gulf of Mexico, it hoped it would prompt the company to slow down or relinquish less competitive assets.

  • LONDON, April 9- Rising nervousness in the currency market about the risk of prolonged political uncertainty after British elections next month has driven the cost of protection against wild swings in the pound to multi-year highs. Opinion polls show the ruling Conservatives and the main opposition Labour Party neck-and-neck before the May 7 vote, with...

  • Dollar rises on FOMC minutes; euro hits session low Wednesday, 8 Apr 2015 | 3:28 PM ET

    The dollar traded higher on Wednesday after the release of the Federal Reserve's FOMC meeting minutes.

  • LONDON, April 8- Royal Dutch Shell agreed to buy smaller rival BG Group for 47 billion pounds in the first major energy industry merger in more than a decade, closing the gap on market leader U.S. ExxonMobil after a plunge in oil prices. 1/ 8 nL3N0X441R 3/ 4. Goldman Sachs and Robey Warshaw LLP are expected to earn $50.3 million each for advising BG, with Bank of America...

  • *Australia, China, UK viewed among likely next moves- experts. Apple Pay has taken the United States by storm since its launch in September, and the company has said it already accounts for around $2 out of every $3 spent using "contactless" payments on the three big U.S. card networks. "Every market will have different local players, different partnerships, different...

  • LONDON, April 8- The dollar fell on Wednesday, retreating from a near three-week high hit against the yen the previous day, after the Bank of Japan kept monetary policy unchanged despite slowing inflation. Governor Haruhiko Kuroda told a press conference that thanks to easing steps taken last October, Japan has been able to avoid the slowdown in inflation while...

  • TOKYO, April 8- The dollar took a step back on Wednesday but retained a bulk of its overnight gains after currency bulls scooped up the greenback following the tumble induced by weak U.S. non-farm payrolls late last week. Market reaction was mostly muted to the Bank of Japan's decision to stand pat on monetary policy. "The dollar dipped a little but the reaction was a...

  • TOKYO, April 8- The dollar stood tall on Wednesday after rallying overnight on bargain-hunting by currency bulls who scooped up the greenback following the tumble induced by weak U.S. non-farm payrolls late last week. The dollar was steady at 120.325 yen after jumping 0.6 percent the previous day, when currency markets returned to full strength following the...

  • WASHINGTON, April 7- U.S. job openings surged to a 14- year high in February but a steady pace of hiring suggested employers are having trouble finding suitable workers, a trend that could put upward pressure of wage growth. Job openings, a measure of labor demand, increased 168,000 to a seasonally adjusted 5.1 million, the Labor Department said in its monthly Job...

  • Private equity firm Vestar Capital Partners Inc, which bought Press Ganey from American Securities LLC in 2008, tried to sell the company in 2011.. U.S. party goods retailer Party City Holdco Inc, backed by buyout firm Thomas H Lee Partners LP, also said on Monday that it expected to raise up to $372 million in an IPO. The company's net income jumped to $15.6 million...

  • BERLIN, April 2- Lufthansa's Germanwings crash intensifies the airline's battle to keep up with rivals and find the money to invest in its planes, but is unlikely to bring about its demise in the way that Lockerbie did for Pan Am. Lufthansa is fighting stiff competition from low cost and Middle Eastern airlines that have eaten away at its market share both in...

  • HONG KONG, April 2- The pre-trial hearing for a British banker, accused of murdering two women in Hong Kong last November, was adjourned for five weeks on Thursday after the prosecution requested for more time to build its case. The grisly murders of the two women, described by local media as prostitutes from Indonesia, shocked Hong Kong, a city with a low homicide...