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  • US CFTC CHAIRMAN MASSAD SAYS FLASH CRASH ARREST EMPHASIZES NEED FOR RULES TO REGULATE MARKETS.

  • German lab group Synlab hoping for industry consolidation Wednesday, 22 Apr 2015 | 11:44 AM ET

    The 4.5 billion euro German laboratory market-- with the most standardised products being blood and urine tests-- offers relatively low prices compared with elsewhere in Europe, but suppliers in Germany are also more consolidated and more cost-efficient. But Wimmer said that compared to the United States, there was much potential for companies to become more...

  • BERLIN, April 22- German carmaker Volkswagen is considering cooperating with China's Great Wall on a new budget model, Germany's Manager Magazin reported on Wednesday, citing company sources. Volkswagen's China chief Jochem Heizmann had said on Sunday the company was considering developing budget sport-utility vehicles and multi-purpose vehicles in...

  • RESPONDING TO QUESTION ABOUT YEARS IT TOOK TO CHARGE FUTURES TRADER OVER FLASH CRASH, MASSAD SAYS "THESE ARE HUGE MARKETS.

  • ASKED WHY IT TOOK CFTC YEARS TO BRING ACTION AGAINST FUTURES TRADER OVER FLASH CRASH, CHAIRMAN MASSAD SAYS "SOMETIMES IT TAKES A LONG TIME TO PUT CASES TOGETHER".

  • *Lives with parents in modest house in west London. LONDON, April 22- The small suburban house in the flight path of London's Heathrow airport gave no clue to neighbours that it was headquarters of a man accused of earning millions through fraud, and helping cause a trillion dollar "flash crash" on U.S. stock markets. Navinder Singh Sarao is fighting extradition from...

  • *Q1 net profit $217.2 mln vs $216.3 mln last year. AMMAN, April 22- Arab Bank Group, Jordan's largest lender, posted a small rise in first-quarter net profit to $217.2 million on Wednesday, helped by a rise in loans and customer deposits. Arab Bank, present in 30 countries in five continents, owns 40 percent of Saudi Arabia's Arab National Bank ANB.

  • *Ghana hoped arbitration would reassure investors. *Ghana and Ivory Coast are economic rivals. DAKAR/ ACCRA, April 22- Ghana's decision to seek arbitration in a dispute with Ivory Coast over an oil-rich basin in the Atlantic could prove costly for the country and a consortium led by Tullow if a court halts development there.

  • TREASURIES-U.S. yields rise with German bond selloff Wednesday, 22 Apr 2015 | 11:23 AM ET

    *Immediate risk from Greece reduced for time being. A stronger-than-expected rise in domestic existing home sales in March revived bets the Federal Reserve would raise interest rates later this year, overshadowing concerns about the absence of a deal between Greece and its creditors. Traders had snapped up Bunds since the European Central Bank began its 1.1...

  • April 22- Yum Brands Inc, owner of the KFC, Taco Bell and Pizza Hut restaurant brands, on Wednesday said it expects another tough quarter before a recovery in China, its No. 1 revenue and profit driver, bolsters results in the second half. Yum China's 2014 second quarter ended roughly a month before allegations of improper meat handling at OSI Group's Shanghai Husi...

  • LONDON, April 22- A British trader accused by U.S. authorities of an illegal role in the May 2010 Wall Street "flash crash" was granted bail by a London court on Wednesday after saying he opposed being extradited to the United States to face trial. The U.S. Justice Department said on Tuesday it had criminally charged Navinder Singh Sarao, 36, with wire fraud,...

  • BOSTON, April 22- State Street, which sold the first exchange-traded fund in 1993, is falling flat in its bid to win back market share in the ETF industry by wooing advisers to retail investors, with many advisers saying the bank doesn't do enough to support them. State Street, which lost its long-time No. 2 spot among ETF providers in the first quarter to Vanguard...

  • *U.S. wants Europe to open up to GMs as part of trade deal. The proposal covering GM crops in human food and animal feed upset trading partners, notably the United States, which wants Europe to open its doors fully to U.S. Trade Representative Michael Froman expressed his disappointment, saying it appeared to divide the European Union into 28 separate markets for...

  • UPDATE 7-Oil prices lifted by U.S. production decline Wednesday, 22 Apr 2015 | 11:13 AM ET

    LONDON, April 22- Oil prices rose on Wednesday after the U.S. government's Energy Information Administration reported a decline in U.S. production. Brent crude for June delivery was up 66 cents at $62.74 a barrel by 1358 GMT, after touching an intraday low of $61.39. "It's another decline in production and the market is certainly anxiously awaiting more of those, at...

  • April 22- The arrest of a British trader for his alleged role in the 2010 "flash crash" showed how important it was to protect the integrity of markets, the head of the U.S. Commodity Futures Trading Commission said on Wednesday. "We will do everything in our power to pursue those who attempt to engage in fraud or manipulation in our markets," Chairman Tim Massad said in...

  • LONDON, April 22- Global oil demand is set to rise by 1 million or even 1.5 million barrels per day in 2015, according to a range of forecasters. Worldwide consumption will increase by a little over 1 million bpd in 2015, according to forecasts published this month by both the International Energy Agency and the U.S. Energy Information Administration.

  • WASHINGTON, April 22- U.S. home resales surged to their highest level in 18 months in March as more homes came on the market, a sign of strength in housing ahead of the spring selling season. The National Association of Realtors said on Wednesday existing home sales increased 6.1 percent to an annual rate of 5.19 million units, the highest level since September 2013.

  • LONDON, April 22- Gold fell more than one percent on Wednesday, on selling pressure as the dollar pared earlier losses after euro zone data disappointed, while the absence of major developments in the Greek crisis left investors cautious. Spot gold dropped as much as 1.2 percent to a session low of $1,187.90 an ounce earlier and was down 1.1 percent at $1,188.90 by...

  • April 22- Angie's List Inc, operator of a website that allows users to review local businesses, reported a surprise quarterly profit as it earned more from advertising contracts. Angie's List expects marketing expenses to keep falling as a percentage of revenue, Chief Marketing Officer Angie Hicks said on a post-earnings call. Angie's List will return to a...

  • COPENHAGEN, April 22- Novo Nordisk's new obesity drug Saxenda, which has been launched in the United States on Wednesday, will cost $1,068 per month in the country, the company told Reuters in an email on Wednesday.