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  • BOJ must maintain stimulus but with eye on risks-OECD Tuesday, 14 Apr 2015 | 10:00 PM ET

    The global think tank also warned that without a credible plan to rein in its huge public debt, Japan may face a bond market sell-off that could hit banks with huge bond holdings. Aggressive purchases by the BOJ, which now holds a quarter of Japan's government bond market, have kept borrowing costs low but that will not last indefinitely, leaving the country...

  • SEOUL, April 15- South Korea's imports of Iranian crude doubled in March from a year earlier but the country's oil shipments from the OPEC country in the first quarter of this year fell 16 percent year- on-year to meet international sanction requirements. Iran and the United States, Britain, France, Russia, China, and Germany reached a preliminary deal on Iran's...

  • *PPS buys aluminium from Australia, India. SEOUL, April 15- South Korea's Public Procurement Service paid a premium of $223 per tonne in its latest aluminium tender, almost a third less than a month ago, highlighting an accelerating collapse in global premiums as supply swells. Asia has seen a particularly steep drop from record highs, due to its proximity to China,...

  • HOUSTON, April 14- Striking Houston refinery workers on Tuesday rejected Lyondell Basell Industries' final contract offer to settle a two-and-a-half month work stoppage, said an official of the United Steelworkers union, which represents the hourly employees. In response, company officials told the USW that Lyondell would declare an impasse in the...

  • MELBOURNE, April 15- London copper was steady on Wednesday, but close to four week lows amid concerns over Chinese demand, with the world's top metals user due to release first-quarter growth data shortly. *Three-month copper on the London Metal Exchange traded little changed at $5,946 a tonne by 1146 GMT, after small losses the previous session losses when it...

  • QUEBEC CITY, Quebec, April 14- Quebec is in talks with Ontario to sell Hydro-Qu├ębec's surplus hydroelectrical power to the neighbouring province and hopes to have an agreement soon, a senior government minister said on Tuesday. "I have been discussing with the Ontario government," Quebec Energy Minister Pierre Arcand said in a telephone interview from New York.

  • SINGAPORE, April 15- Gold steadied away from a two-week low early on Wednesday after U.S. retail sales rose less than expected in March, but a recovering dollar could cap any rise in bullion prices. *Spot gold was flat at $1,192.93 an ounce by 0026 GMT, after touching its lowest in two weeks at $1,183.68 on Tuesday. *Markets are focusing on China's gross domestic...

  • WASHINGTON, April 14- U.S. House of Representatives Speaker John Boehner appointed five largely loyal Republican allies to a negotiating panel on Tuesday to work out differences between House- and Senate- passed budgets. The Republican negotiators are led by Budget Committee Chairman Tom Price and include panel vice chairman Todd Rokita of Indiana, Diane...

  • SINGAPORE, April 15- U.S. crude futures climbed towards $54 a barrel in early Asian trade on Wednesday, buoyed by a smaller than expected build in U.S. crude inventories, Middle East tensions and a weaker dollar. *U.S. crude for May delivery rose 15 cents to $53.44 as of 0003 GMT after settling $1.38 higher in the previous session to surge above its 100- day moving...

  • SYDNEY, April 15- Asian share markets took a cautious stance on Wednesday ahead of an anxiously-awaited reading on China's growth pulse, while the dollar nursed losses after a disappointing reading on consumer spending nudged bond yields lower. MSCI's broadest index of Asia-Pacific shares outside Japan was all but flat, while Japan's Nikkei inched down 0.2...

  • DIARY- Top Economic Events to April 24 Tuesday, 14 Apr 2015 | 8:01 PM ET

    WASHINGTON- Federal Reserve issues the Beige Book of economic condition- 1800 GMT. WASHINGTON- Levy Economics Institute of Bard College holds 24th Annual Hyman P. Minsky Conference on the State of the U.S. and World Economies in Washington. WASHINGTON- Federal Reserve Bank of St. Louis President James Bullard gives presentation on the U.S. economy and monetary...

  • WINONA, Minn., April 14- Raising interest rates this year, as most Federal Reserve officials expect, would be "inappropriate" because it would delay the return of too-low inflation to the U.S. central bank's 2 percent goal, a top Fed official said on Tuesday. A rate hike would also work against the Fed's other goal of full employment, Narayana Kocherlakota, president of...

  • President Barack Obama conceded on Tuesday that Congress will have the power to review a nuclear deal with Iran, reluctantly giving in to pressure from Republicans and some in his own party after they crafted a rare compromise demanding a say. The role for the Republican-controlled Congress injects a new element of uncertainty into the delicate final stages...

  • April 14- Target Corp is nearing a settlement with MasterCard Inc to reimburse financial institutions about $20 million for costs incurred from the retailer's massive data breach in 2013, the Wall Street Journal reported. MasterCard will distribute the reimbursed funds to the financial institutions that issue credit cards and debit cards under its brand,...

  • *Dollar broadly lower early in Asia, euro back at $1.0650. *China data including GDP next in focus. SYDNEY, April 15- The dollar nursed broad losses early on Wednesday, having snapped six straight sessions of gains after retail sales data failed to meet the market's lofty expectations.

  • NEW YORK, April 14- JPMorgan Chase& Co is concerned about loans that finance some leveraged buyouts, and is scaling back from what is a booming area, even as its overall loan portfolio grows, a top executive said in an interview. Loans that fund smaller leveraged buyouts, where companies often do not have the size or financial resources to weather a business downturn,...

  • April 14- HBO on Tuesday sought to turn the tables on the British sporting goods company suing it for libel over a report about child labor in India, telling a federal jury in Manhattan the claims against it were baseless. The trial, which opened Monday, follows years of litigation over the report on " Real Sports with Bryant Gumbel," which first aired in September 2008.

  • Quebec Premier Philippe Couillard stressed the urgency of enacting taxes on carbon, creating cap-and-trade systems or using technology to capture or reduce carbon emissions. Nine of Canada's 13 premiers attended a provincial climate change summit in Quebec City that was in preparation for an international conference in Paris in December.

  • CARACAS, April 14- Venezuelan state oil company PDVSA has offered to buy Harvest Natural Resources Inc's stake in the Petrodelta joint venture, according to a source close to PDVSA, but the Texas- based oil and gas producer later said no "fair" proposal had been made. Venezuela has twice blocked Harvest, which says on its website that it holds 32 percent of Petrodelta,...

  • NORTH CHARLESTON, South Carolina, April 14- Labor union officials say they could postpone a vote seeking to organize 3,000 workers at Boeing Co's factory here in South Carolina if their campaign fails to gain enough traction against fierce opposition from the company and local politicians. Organizers for the International Association of Machinists are...