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  • LONDON, April 7- The Australian dollar gained over 1 percent against the U.S. dollar on Tuesday-- heading for its biggest daily rise in more than two weeks-- after the Reserve Bank of Australia surprised many investors by refraining from an interest rate cut. The Aussie rose to $0.7711, its highest in a week, from around $0.76 before the decision, extending its recovery...

  • ADEN/ DUBAI, April 7- Plunged into darkness, low on water and short of food, Samah Mulhi and her family huddle in their home in the Yemeni city of Aden as explosions and gunfire reverberate outside. The southern port is under siege by the Houthis, an Iran- allied militia undeterred by 13 days of Saudi-led air strikes meant to blunt their southward push from the capital...

  • The delay is the latest blow to Rosneft, which has also been forced to suspend drilling at an oil project in the Arctic after sanctions imposed on Russia by the West over the Ukraine crisis halted cooperation with ExxonMobil. Rosneft, which has spearheaded President Vladimir Putin's drive to increase oil and gas output and secure Russia's energy dominance,...

  • RUSSIA'S ROSNEFT MAY HAVE TO POSTPONE DEVELOPMENT OF SAKHALIN LIQUEFIED NATURAL GAS PROJECT FOR AT LEAST TWO YEARS- SOURCES.

  • PARIS, April 7- U.S. planemaker Boeing beat its European rival Airbus in net new airplane orders and deliveries in the first quarter, according to figures released on Tuesday. Airbus said it had booked gross orders of 121 aircraft between January and March, beating Boeing's total of 116.. In the first quarter, the bulk of Airbus's new business fell in March when Air...

  • MOSCOW, April 7- The head of Russia's top lender Sberbank, German Gref, said on Tuesday the bank was not willing to restructure a loan to aluminum producer Rusal. There has been no proposal that is acceptable to us, "Gref told reporters. Rusal, the world's largest aluminum producer, has long hoped to reach agreement with lenders to revise the terms of its multi-billion...

  • *PMIs point to first quarter growth of 0.3 pct- Markit. Nevertheless, the Markit survey provided some welcome news for the European Central Bank just weeks after it embarked on a trillion-euro asset-purchase programme. The private sector in Germany, Europe's largest economy, grew at its fastest pace in eight months and although it also increased in France, the...

  • Euro falls below 60 roubles per Russian rouble Tuesday, 7 Apr 2015 | 6:22 AM ET

    MOSCOW, April 7- The value of the euro fell below 60 roubles per Russian rouble for the first time since Nov. 26 on Tuesday.

  • Race to the bottom: Cotton vs polyester prices Tuesday, 7 Apr 2015 | 6:15 AM ET

    By Henning Gloystein SINGAPORE, April 7- Bulging cotton inventories in China and slumping oil markets have triggered a race to the bottom between cotton and polyester prices. Futures prices in China, both the world's largest producer and importer, are also down a third. That significantly reduced U.S. exports to China, and added supply to a global cotton market...

  • EURO FALLS BELOW 60 ROUBLES PER EURO FOR THE FIRST TIME SINCE NOV.

  • LONDON, April 7- Nickel slid more than 3 percent on Tuesday as bearish investors renewed a selloff of the metal which has been weighed down by oversupply and record inventories. While nickel prices may succumb to another onslaught in the short term, a prolonged downtrend is not sustainable due to the dynamics in the Chinese market, said analyst Nicholas Snowdon...

  • SANAA, April 7- Warplanes from a Saudi-led air coalition on Tuesday bombed a military base in central Yemen controlled by Houthi fighters and their army allies, and a website of the Houthi-run defence ministry said two students were killed at a neighbouring school. Military sources said five bombs were dropped on the Republican Guard base near the city of Ibb,...

  • Speculators jump on bearish iron ore bandwagon Tuesday, 7 Apr 2015 | 5:29 AM ET

    By Gavin Maguire and Manolo Serapio Jr SINGAPORE, April 7- A global glut and collapsing Chinese demand have received most of the blame for the 60 percent slump in iron ore prices over the past year. Money managers have almost doubled their short positions in iron ore futures and options on the New York Mercantile Exchange since the start of 2015, while other large...

  • But delays in the U.S. Congress in finalizing the Trade Promotion Authority that President Barack Obama needs to streamline its passage through Congress have raised doubts about whether it can be achieved. He called on Congress to pass the presidential trade authority, saying the TPP was one of the most important parts of the Obama administration's "...

  • BEIJING, April 7- Chinese Internet technology company Cloud Live Tech Group said it failed to repay nearly $40 million to bondholders, only the second time a bond publicly traded on one of China's bourses has suffered a default. The default will throw the spotlight once more on the efficacy of China's corporate bankruptcy law and whether its political system,...

  • By Henning Gloystein and Jacob Gronholt-Pedersen SINGAPORE, April 7- Investor positions in Brent crude oil futures have risen to a historic high and outnumbered contracts in U.S. futures by the most ever as more traders held the North Sea benchmark as a truer reflection of global market conditions. Brent's open interest on the Intercontinental Exchange, or...

  • SYDNEY, April 7- Australia's securities watchdog is investigating suspicious trading in currency exchange markets after the Australian dollar rose sharply in the seconds before the Reserve Bank of Australia announced it was keeping the cash rate steady on Tuesday. The investigation will look at trading in the dollar prior to the RBA's interest rate...

  • NEW DELHI, April 7- India has asked France's Dassault Aviation SA to stick to the original price tag for fighter jets or risk losing one of the world's biggest military aircraft deals, the Times of India reported on Tuesday. The deal is back in focus as Prime Minister Narendra Modi visits France this week. The deal was initially worth $12 billion but is now widely...

  • LONDON, April 7- Growth in Britain's services sector rose sharply last month, pointing to a speeding up of overall economic growth in the first three months of 2015, financial data company Markit said on Tuesday. Adding to a run of positive economic news before a May 7 national election, the Markit/ CIPS services purchasing managers' index staged its biggest gain...

  • LONDON, April 7- Brent crude oil fell towards $57 a barrel on Tuesday on signs of growing oversupply as Iranian officials visited Beijing to push for more oil sales after Tehran agreed a framework nuclear deal that could lead to the lifting of sanctions. China is Iran's largest trade partner and has bought roughly half of Iran's crude exports since 2012, when...