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  • G20 SAYS WELCOMES STRENGTHENING IN SOME KEY ECONOMIES BUT CITES CHALLENGES, INCLUDING FOREX VOLATILITY AND LOW INFLATION WITH NEGATIVE INTEREST RATES- DRAFT COMMUNIQUE.

  • April 17- General Electric Co said on Friday its quarterly industrial profit rose 9 percent as it focuses more on its manufacturing businesses, helped by improved profit margins. Overall, GE posted a first-quarter net loss of $13.6 billion, or $1.35 per share. Results were weighed down by about $16 billion in charges tied to its exit of GE Capital assets, which the...

  • "China is importing about 30,000 tonnes of tin concentrate a year from Myanmar. There is scepticism about whether Indonesian producers will sign up to the idea of cutting exports, "said Robin Bhar, an analyst at Societe Generale. Indonesia's tin association said its members and PT Timah, the country's biggest tin exporter, will not trade at prices below $17,000 a...

  • LONDON, April 17- Lifting sanctions on Iran's oil industry could significantly change the outlook for oil supply and prices, the head of the U.S. Energy Information Administration told U.S. legislators. "If and when sanctions are lifted, EIA's baseline forecast for world crude oil prices in 2016 could be reduced $5- $15 per barrel," Adam Sieminski said to the...

  • LONDON, April 17- Britain postponed a sale of Treasury bills and global bond trading was hit by a power outage at news and market price provider Bloomberg on Friday, with trading volume in German government bond futures contracts tumbling by around a third. Social media first reported the Bloomberg systems going down at around 07:20 GMT and the screens were...

  • April 17- Drug developer Athersys Inc said its cell therapy failed in a mid-stage study testing it as a treatment for a type of stroke, sending its shares down more than 50 percent in premarket trading. Athersys said on Friday patients given the cell therapy did not show a significant difference from those given a placebo as measured by the Global Stroke Recovery...

  • BEIJING, April 17- With China's economic growth heading for a quarter-century low, think-tanks and advisers to the government are polarising into those calling for more stimulus to arrest the slowdown and a rival camp emphasising structural reforms as the route to sustainable growth. The debate among the think-tanks, which influence decision-making but do...

  • BERLIN, April 17- Martin Winterkorn will stay on as chief executive of Volkswagen, the German carmaker said on Friday, in an unprecedented defeat for its powerful chairman. Ferdinand Piech, the patriarch of Volkswagen's founding family, had provoked a showdown with Winterkorn by planting a comment in weekly magazine Der Spiegel last week that he had "distanced...

  • TOKYO, April 17- Japanese Economics Minister Akira Amari and U.S. Trade Representative Michael Froman are set to hold bilateral trade talks in Tokyo, Kyodo news agency said on Friday, citing unnamed sources close to the negotiations. Kyodo did not say when the two would meet, but other Japanese media have said they are aiming to meet on Sunday and Monday.

  • Athersys stroke treatment fails mid-stage study Friday, 17 Apr 2015 | 6:12 AM ET

    April 17- Drug developer Athersys Inc said its experimental cell therapy did not meet the primary and secondary endpoints of a study testing it as a treatment for a type of stroke.

  • LONDON, April 17- Emirates president Tim Clark said on Friday the airline is still waiting for a decision from Airbus over whether the planemaker will proceed with a revamp of the A380 superjumbo. Emirates, which is the leading buyer of the existing A380 jet with 140 orders, has said it would look at placing an order for up to 200 of the so-called A380neo jets should...

  • LONDON, April 17- Italy is likely to increase the average life of its debt this year for the first time since 2010 as European Central Bank bond purchases push yield-hungry investors towards riskier long-term debt. In a long-awaited turnaround of a trend that began during the euro zone debt crisis-- when Italy could only sell short-dated bonds-- the average...

  • LONDON, April 17- The prospect of deeper interest rate cuts took Russia's rouble more than 2 percent lower on Friday, knocking it off 4-1/ 2- month highs against the dollar, while Russian equity markets also slipped. "The rouble has appreciated so much recently that from the point of view of the central bank and government it makes sense to try and cap it so as not to...

  • SHANGHAI, April 17- Jiangsu province may delay a planned debt auction scheduled for April 23, three sources with direct knowledge of the situation told Reuters on Friday, signaling a possible rocky start for China's fledgling municipal bond market in 2015.. The 64.8 billion yuan auction, if it proceeds as planned, would be the first such official issue by a local...

  • *Firm guides to trading profit of no more than 1.4 bln stg. LONDON, April 17- Tesco will point to recent signs of recovery when Britain's biggest retailer reports annual results on Wednesday, though an expected big writedown on the value of its stores could highlight the work still needed to mend its finances. Since joining in September from consumer goods group...

  • LONDON, April 17- Argentina has started legal proceedings against five companies, including three British ones, which are drilling for oil and gas in the disputed Falkland Islands, raising tensions in a diplomatic row over the islands' sovereignty. Argentina's minister for the Falklands, known as Las Malvinas in Argentina, announced the start of the lawsuit in...

  • FRANKFURT, April 17- A German regulator for new drugs has suspended the assessment of the Western world's first gene therapy, UniQure's Glybera, after an adviser to the European drugs watchdog voiced concern over the treatment. An adviser for biotech drugs to the European Medicines Agency, a so-called rapporteur, last week said in a report that Glybera, which is...

  • LONDON, April 17- Rolls-Royce said it had won a $9.2 billion order to supply engines for 50 A380 aircraft for Dubai's Emirates airline, providing a boost for the British company after a torrid year of profit warnings. It is the first time the Gulf carrier has ordered Rolls-Royce engines for its superjumbo fleet, the rest of which is powered by Engine Alliance, a...

  • Tech, media and telecoms M&A hits 9-year high Friday, 17 Apr 2015 | 5:21 AM ET

    LONDON, April 17- Worldwide dealmaking in the technology, media and telecoms sectors is at its highest level year-to-date since 2006, buoyed by Nokia's 15.6 billon euro bid for Alcatel-Lucent this week, Thomson Reuters data shows. So far this year, deals worth $245.8 billion have been struck globally in TMT, accounting for a combined 23 percent of worldwide M&A...

  • *Gold climbs above $1,200/ oz but set for weekly loss. *Physical demand lacklustre in China, India. LONDON, April 17- Gold edged back above $1,200 an ounce on Friday but stayed on track for a second straight weekly drop as a run of downbeat U.S. data fuelled uncertainty over the timing of the Federal Reserve's first rate rise in nearly a decade.