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  • Agricultural Bank of China profit up 1.5 percent Tuesday, 28 Apr 2015 | 10:50 PM ET

    BEIJING— Agricultural Bank of China Ltd., one of the country's four major state-owned commercial lenders, says its quarterly profit edged up just 1.5 percent as the country's economic growth slowed. The Beijing- based bank said it earned 54.3 billion yuan, or 0.17 yuan per share, in the three months ending March 31. Agricultural Bank's revenue growth was the...

  • SINGAPORE, April 29- Oil prices fell in early trading on Wednesday as oversupply weighed on markets and traders watched Saudi Arabia where King Salman relieved the crown prince as well as the veteran foreign minister from their duties in a major reshuffle. In a surprise move, Saudi King Salman bin Abdulaziz on Wednesday sacked his younger half brother as crown...

  • Oil dips on high supply, prices set to remain volatile Tuesday, 28 Apr 2015 | 9:17 PM ET

    SINGAPORE, April 29- Oil prices dipped in early Asian trading on Wednesday as high production and stocks continued to undermine markets, and analysts said a rebound in prices this year remained fragile, with volatility set to persist. Benchmark Brent crude futures were down 13 cents from their last settlement to $64.51 per barrel at 0100 GMT.

  • April 28- IAC/InterActiveCorp reported a higher-than-expected quarterly profit as subscription revenue rose from its dating websites and the company said user response to the paid version of its Tinder dating app was better than it had anticipated. "Payment and renewal rates came in solidly against expectations," said Greg Blatt, the chairman of IAC's Match...

  • 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...

  • Financial sector 'rooting' for rate hike: Diamond Monday, 27 Apr 2015 | 3:37 PM ET
    Bob Diamond, former CEO of Barclays.

    Financials are primed to break out from a sluggish run partly fueled by low interest rates, former Barclays CEO Bob Diamond said.

  • 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...