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  • *Death toll from Sunday's shipwreck off Libya still unclear. VALLETTA/ CATANIA, Italy, April 20- European Union foreign ministers gathered in Luxembourg on Monday under pressure to produce more than words as bodies were brought ashore in Malta among hundreds feared drowned in the latest Mediterranean migrant tragedy. Sunday's shipwreck off Libya appears to...

  • The People's Bank of China will inject $32 billion into China Development Bank and inject $30 billion into Export-Import Bank of China, the magazine said in a report on its website, citing sources. The capital injection will be conducted via converting entrusted loans into stakes, it said, adding that the central bank will become the second largest shareholder...

  • *Hang Seng Index falls 2.0 percent. SHANGHAI, April 20- 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. By the close both the CSI300 index of the largest listed companies in Shanghai and Shenzhen, and the Shanghai...

  • *Northern states forced to support Italy after disaster. "What's at stake is the reputation of the European Union," Italian Foreign Minister Paolo Gentiloni told reporters as he arrived for a meeting with EU peers in Luxembourg. Northern European Union countries have so far largely left rescue operations to southern states such as Italy.

  • LONDON, April 20- European companies are heading for their best earnings season in four years, sharply outperforming their U.S. counterparts on the back of a weak euro and improving economic conditions. Investors see a pick-up in profits as crucial for underpinning confidence in Europe's nascent economic recovery, validating the European Central Bank's...

  • *No progress made in Greece's deal on financial aid. *China easing move fails to boost demand. LONDON, April 20- Gold was flat around $1,200 an ounce on Monday as the dollar steadied, while traders were assessing risks that Greece's may default and China's new policy measures to shore up the world's second-largest economy.

  • LONDON, April 20- Emerging markets got off to a choppy start on Monday following China's surprise policy easing move at the weekend, although equities and currencies in Russia and central Europe traded firmer. The MSCI emerging stocks index slipped 0.5 percent while the Asian ex- Japan benchmark fell 0.9 percent, with Hong Kong's Han Seng ending 2 percent down.

  • Central banks prepare to flood FX markets with euros Monday, 20 Apr 2015 | 5:38 AM ET

    The latest International Monetary Fund data show that global FX reserves fell by 3.1 percent, or $383 billion, in the second half of last year to $11.6 trillion. Around two thirds of that was due to valuation effects from the euro's 11.7 percent fall in that period, according to JP Morgan. Stephen Jen, manager of the SLJ Macro hedge fund in London, reckons that will...

  • 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...