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  • SHANGHAI, April 17- China's yuan firmed against the dollar for the third straight session on Friday after the central bank fixed its daily guidance rate to more than two-month high, further strengthening views that the yuan will remain stable, traders said. The People's Bank of China set the midpoint rate at 6.1267 per dollar prior to market open, the highest...

  • WILLISTON, N.D., April 17- Calpers, the largest American public pension fund, and nearly 60 other institutional investors will ask the U.S. Securities and Exchange Commission on Friday to require oil and natural gas companies to publish detailed analysis of the risks posed by climate change to their business models. Calpers and other investors will tell the SEC...

  • Federal Reserve may allow big banks to use some municipal bonds to meet new liquidity rules that ensure they have enough cash during a credit crunch, the Wall Street Journal reported, citing people familiar with the matter. The Fed had excluded debt issued by cities and states when it approved liquidity rules for large banks in September, part of a global effort...

  • China suspends bank-technology rules that sparked worry Thursday, 16 Apr 2015 | 11:40 PM ET

    BEIJING, April 17- China has put on hold bank-technology rules that Washington and others complained amount to unfair regulatory pressure on foreign firms, a government notice seen by Reuters said. Secretary of Commerce Penny Pritzker visits China on a high-profile trade mission to drum up business for U.S. firms. "I think the government concern is reasonable,...

  • BEIJING, April 17- Two years ago, just one Chinese SUV ranked among the country's top-10. Despite preferential government policies, local carmakers have failed to really compete with foreign automakers like Volkswagen AG and General Motors in sedan sales. Chongqing Changan Automobile and Great Wall Motor will launch fresh versions of their top-selling SUVs...

  • *OPEC says March output up by 810,000 bpd. SINGAPORE, April 17- Brent crude oil prices fell over a dollar on Friday, ending a run of rallies earlier in the week, after OPEC said that its output surged in March, adding to a global glut. "The strategy of OPEC to put pressure on the high-cost producers is working, but the individual members seem to have moved off that focus and...

  • WASHINGTON, April 16- The United States and Japan want the World Bank and Asian Development Bank to team up with a new Chinese-led development bank in syndicated loans, as a way of helping the new lender establish strong standards, Japan's finance minister said. Washington and Tokyo are leading members of the World Bank and ADB, respectively, and have been wary of...

  • SACRAMENTO, Calif., April 16- California Governor Jerry Brown on Thursday promised to consider the concerns of businesses affected by his order to cut urban water use by 25 percent as the prolonged drought in the most populous U.S. state drags into its fourth year. Brown, a Democrat, met Thursday with representatives from businesses that would be affected by...

  • TOKYO, April 17- Japan's Nikkei share average dropped on Friday morning after weaker-than-expected U.S. housing data soured the mood, while investors awaited Japanese corporate earnings starting next week. Also dampening sentiment was weakness in Europe shares and concern about Greece's financial woes. Masayuki Kubota, chief strategist at Rakuten...

  • April 16- Citigroup Inc reported its highest quarterly profit in nearly eight years as costs plunged, showing that the bank's efforts to streamline its business may be starting to pay off. Citi has been slowly getting its house in order by cutting costs and shedding assets that are not critical to its main businesses. Citi's operating expenses fell 10 percent to...

  • The lawsuit, filed in the U.S. District Court in the Central District of California, is seeking about $1 million in damages, attorney Keith Fink told Reuters. According to a company memo seen by Reuters, American Apparel Chief Executive Paula Schneider said no law required the company to give more notice than it had or to give any severance. The case is Carlos...

  • TOKYO, April 17- Nissan Motor Co said on Friday it would expand an investigative recall in certain U.S. regions to replace air bags made by Takata Corp, adding about 45,000 Sentras from the 2004-2006 model years that weren't included previously. Bloomberg reported earlier the expansion followed a March 21 accident in which a woman was injured from shrapnel in...

  • WASHINGTON, April 16- Senior U.S. lawmakers reached agreement on Thursday on the wording of a bill aimed at giving the White House "fast track" authority to negotiate a Pacific trade pact that is central to President Barack Obama's strategic shift toward Asia. The Obama administration announced in late 2009 that it was entering TPP negotiations with Australia,...

  • WASHINGTON, April 16- Japan and the United States agreed that global institutions like the World Bank and the Asian Development Bank may work with the new Beijing- backed development bank by extending coordinated loans, Japanese Finance Minister Taro Aso said. "In our meeting, we agreed on the need for the Asian Infrastructure Investment Bank... to meet high global...

  • MELBOURNE, April 17- London tin capitulated to more than five-year lows on Friday and is on track for a brutal 11 percent weekly fall, as growing supply from Myanmar and torpid demand punish prices. *The tumble in tin prices is likely to trigger production cuts at some smelters in top exporter Indonesia and also in China, industry group ITRI said on Thursday.

  • SAN FRANCISCO, April 16- California imports of Bakken crude oil from North Dakota on barges totaled a record 1.5 million barrels last year, 27 percent greater than the amount that reached the state by rail, the California Energy Commission told Reuters on Thursday. To get the low-cost Bakken crude to California refineries, producers load it onto trains in North...

  • Oil prices fall as OPEC production soars Thursday, 16 Apr 2015 | 8:54 PM ET

    *OPEC says March output up by 810,000 bpd. SINGAPORE, April 17- Oil prices fell in early trading on Friday, ending a run of rallies earlier in the week, after OPEC said that its output surged in March, adding to a global glut. "The strategy of OPEC to put pressure on the high-cost producers is working, but the individual members seem to have moved off that focus and are...

  • SINGAPORE, April 17- Gold firmed around $1,200 an ounce on Friday but the metal was headed for its second straight weekly drop, weighed down by speculation over the timing of an interest rate hike by the U.S. *Spot gold edged up 0.3 percent to $1,200.10 an ounce by 0040 GMT, after dropping 0.3 percent on Thursday. *Physical demand for gold has also been subdued with...

  • WASHINGTON, April 16- Democrat Hillary Clinton plans to name Gary Gensler, a former financial regulator who pushed for stricter oversight of Wall Street, as the chief financial officer for her presidential campaign, Bloomberg reported on Thursday. Gensler, whose five-year term as the chairman of the Commodity Futures Trading Commission ended in January 2014,...

  • HOUSTON, April 16- Striking workers at the Marathon Petroleum Corp's Galveston Bay refinery in Texas City, Texas, rejected the company's "last, best and final" contract offer, according to a union official representing the workers. In rejecting the offer, the United Steelworkers told Marathon it was willing to resume negotiations on Monday in an effort to end the...