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  • The assumption is that oil firms will finish work on those wells, known as "ducks" in the industry jargon, once oil prices recover further and North Dakota activates its tax relief in response to a long market slump. "You know you have an 800- pound gorilla that is potentially going to come after you if the price goes up," Jackson Hockley, an analyst at wealth manager...

  • April 20- After the surge in the Swiss franc pushed up the cost of mortgages denominated in the currency, countries in eastern Europe, where foreign currency loans are common, implemented measures to help struggling borrowers. These include lenders cutting the price they charge clients for selling them Swiss francs to make their repayments, lowering mortgage...

  • *Loans become political issue in Poland, Croatia. WARSAW/ ZAGREB, April 20- When the Swiss franc surged at the start of the year, there were dire predictions of a wave of debt defaults by the hundreds of thousands of borrowers in eastern Europe who had taken out mortgages in the currency. The pressure is greatest in Croatia and Poland, the two countries with the biggest...

  • LONDON, April 20- Oil prices eased from early highs to under $64 a barrel on Monday after Saudi Arabian Oil Minister Ali al-Naimi said production in the world's biggest crude exporter would stay near record peaks around 10 million barrels per day in April. Brent crude was trading up 23 cents at $63.70 by 0832 GMT, down from an intraday peak of $64.34.

  • *China move boost Aussie, euro down on Greece worries. LONDON, April 20- Global stock markets had a mixed start to the week on Monday and core bond yields fell as investors juggled Chinese steps to stimulate its slowing economy and a proposed telecoms deal in Europe with growing worries Greece may default. This, in turn, contributed to an early rise in European shares,...

  • SHANGHAI, April 20 (Reuters)- China shares dived on Monday in volatile trade as fears of a regulatory crackdown on the world's hottest stock market offset the central bank's most aggressive move yet to bolster the slowing economy. A cut in banks' reserve requirements announced by the People's Bank of China on Sunday was the largest since the global financial...

  • SEOUL, April 20- South Korean oil refiners are taking more crude from Latin America and Europe and buying more spot volumes to put pressure on Middle Eastern suppliers to lower their official prices. And with South Korea expanding such trade deals, including one already signed with oil producer Colombia and one sought with Ecuador, the purchases from other...

  • April 20- Hong Kong shares posted their biggest loss in four months on Monday, weighed down by an afternoon plunge in Shanghai stocks, even as China's central bank took its boldest policy move yet to bolster the slowing economy. Hong Kong stocks opened higher but fell in afternoon trade, following mainland markets which were weighed down by fears of regulatory...

  • ISTANBUL, April 20- Turkish Finance Minister Mehmet Simsek said on Monday the government plans to keep its economic team intact after a June election, when a term limit could sideline the top minister overseeing the economy, Ali Babacan. Babacan, a deputy prime minister in charge of the economy who is credited by investors for overseeing structural reforms and...

  • Bodies from migrant boat disaster brought to Malta Monday, 20 Apr 2015 | 4:13 AM ET

    *Death toll from Sunday's shipwreck off Libya still unclear. The death toll from Sunday's shipwreck off the coast of Libya was uncertain after officials said there had been at least 700 people on board, some reportedly locked in the hold. Malta's Prime Minister Joseph Muscat said on Monday the United Nations should mandate a force to intervene directly in Libya...

  • LONDON, April 20- European shares edged higher early on Monday, led by the telecoms sector after Telenet's move to buy KPN's mobile telephony unit in Belgium. Belgium's Telenet, a subsidiary of cable company Liberty Global, rose 4 percent after agreeing to acquire KPN's BASE Company for 1.33 billion euros, sending shares in the Dutch firm up 2.4 percent.

  • BERLIN, April 20- German sportswear firm Adidas is teaming up with a group trying to clean up the world's oceans with a plan to develop materials made from marine plastic waste that can be used in its products. As the result of its partnership with the Parley for the Oceans initiative, Adidas also said on Monday it would phase out the use of plastic bags at its 2,900...

  • MOSCOW, April 20- MD Medical Group, Russia's leading provider of private women's and children's healthcare, said on Monday the number of deliveries at its facilities increased 32 percent year-on-year in the first quarter of 2015.. The total number of IVF cycles, a key part of MD Medical Group's range of high-margin medical services, rose 19 percent to 1,910,...

  • *Copper price recovers on supply concerns- Barclays. MELBOURNE, April 20- London copper rallied to its highest level in four weeks on Monday, before gains frittered away, after China cut the amount of cash that banks must hold as reserves to help combat a slowdown in growth in the world's second-biggest economy. The move could help buttress copper prices, which are...

  • *Aussie& kiwi outperform after latest stimulus by China. LONDON, April 20- The Australian and New Zealand dollars rose on Monday after China boosted banks' lending power to support Asia's biggest market, prodding investors globally into traditionally higher-risk currency plays. The latter touched a near one-month high of $0.7844 in Asia deals after the China...

  • Brent crude was trading at $63.73 per barrel at 0748 GMT, down from an intraday peak of $64.34, while U.S. crude for May delivery was at $56.14 a barrel, down from an earlier high of $56.65. Naimi earlier this month said Saudi Arabia produced 10.3 million bpd of crude in March, eclipsing a previous record of 10.2 million bpd, in what is seen as a move to defend market share...

  • UPDATE 1-Rouble rebounds, but renewed rally unlikely Monday, 20 Apr 2015 | 3:46 AM ET

    MOSCOW, April 20- The rouble rebounded on Monday after falling sharply on Friday, buoyed by higher oil prices and the beginning of a new monthly tax period, but analysts said a rally similar to the one seen over the last two weeks was unlikely. Central Bank First Deputy Governor Ksenia Yudayeva wrote in a newspaper that the rouble rate would most likely fluctuate in...

  • LONDON, April 20- German 10- year borrowing costs resumed a descent towards zero on Monday, with worries about Greece falling out of the euro zone increasing demand for top-rated assets even as the ECB's bond-buying programme quashes yields. Athens has been stuck in negotiations with its euro zone partners and the International Monetary Fund over economic...

  • SEOUL, April 20- Oil Minister Ali al-Naimi says Saudi Arabia is producing near record levels of crude in April, underscoring the kingdom's willingness to defend market share at a time when oil markets have staged a fragile recovery. There are worries that growing production from Saudi Arabia and other members of the Organization of the Petroleum Exporting...

  • SHANGHAI, April 20- China stocks surrendered early gains and dived on Monday in volatile trade as fears of a regulatory crackdown offset the central bank's boldest policy move yet to bolster the slowing economy. Although the government is supportive of a bull market, "the market will now start to price in an interest rate cut, and positive news flow appears to have...