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  • FRANKFURT/ BRUSSELS, April 2- German chemicals firm BASF said on Thursday it has sued Belgian specialty materials group Umicore in the United States for infringing two patents related to components for lithium-ion batteries. According to the court filings, it accused Umicore of selling battery technology, certain lithium metal oxide cathode materials, that...

  • NAIROBI, April 2- At least 14 people were reported killed on Thursday when Islamist militants stormed a university campus near Kenya's border with Somalia, taking Christian students hostage and battling security forces over several hours. Police and soldiers surrounded and sealed off Garissa University College and were attempting to flush out the gunmen,...

  • REYKJAVIK, April 2- After more than six long and lonely years, Iceland is hoping its financial isolation will soon be over. For Iceland, these moves will signal rehabilitation and a return to the international financial community after the collapse of a banking system which at one time held assets worth a staggering ten times the nation's gross domestic product.

  • *Gold up 1.8 pct on Wednesday, the most in two months. LONDON, April 2- Gold edged down on Thursday, but managed to hold above $1,200 an ounce on a weaker dollar after disappointing economic data raised doubts over the U.S. growth outlook and the Federal Reserve's rates policy ahead of key jobs data. Spot gold was down 0.2 percent at $1,201.26 an ounce by 0935 GMT, having...

  • *Shanghai bonded nickel premiums jump $20 as LME price sinks. "Most Chinese NPI producers are under water at these prices, so it's really not sustainable under $13,000," said analyst Vivienne Lloyd at Macquarie in London. NPI, used in the production of stainless steel and as a cheaper alternative to refined nickel and ferronickel in China, had production costs of...

  • MSCI's emerging equity index rose 0.9 percent, with Russia and Hungary clocking some of the biggest gains after Wednesday's data on U.S. jobs and the pace of manufacturing growth came in short of expectations, weighing on the dollar. "For quite a long time, the market was driven by the risk of a hike, the situation in Russia and Ukraine, the ECB and the oil price move,"...

  • *CNOOC, China Southern Power Grid execs being probed. CNOOC could also not be reached for comment. China's president, Xi Jinping, has warned that corruption threatens the survival of China's ruling Communist Party and his two-year anti-graft campaign has brought down scores of senior officials in the party, the government, the military and state-owned...

  • BERLIN/ FRANKFURT, April 2- Families of those killed aboard the Germanwings flight are likely to receive vastly different payouts depending on their nationality, where they bought the ticket, and how much they earned, even though they all shared the same fate, lawyers said. But in air crashes, the amounts awarded for pain and suffering vary by country, with victims...

  • April 2- The European Commission is scrutinising Apple Inc's dealings with record labels and digital music companies to find if they are trying to unfairly limit free, ad-supported rivals, the Financial Times reported citing people familiar with the matter. Gathering information is only the first step towards the probe, but if the European Commission- EU's...

  • WARSAW, April 2- Poland will choose the supplier for its medium-range missile defence system in April, Deputy Defence Minister Czeslaw Mroczek was quoted as saying. Last year, Poland short-listed a consortium of France's Thales and European group MBDA, as well as U.S. firm Raytheon, in its tender for the missile defence system. "The minister's decision on the...

  • ROME, April 2- Global food prices fell in March to their lowest in almost five years as supplies for most commodities, including cereals and meat, remained robust, the United Nations food agency said on Thursday. The U.N. Food and Agriculture Organization's price index, which measures monthly changes for a basket of cereals, oilseeds, dairy, meat and sugar, averaged...

  • MOSCOW, April 2- Russian services conglomerate Sistema said on Thursday it made a $5.3 billion net loss in the fourth quarter of 2014 compared to a profit of $47.7 million a year earlier due to the loss of oil company Bashneft. Sistema recorded a $5 billion loss related to Bashneft, as well as a $290 million loss on mobile asset impairment in India and $92.5 million...

  • MOSCOW, April 2- The governor of Russia's central bank, Elvira Nabiullina, said on Thursday that the bank's forex repo instrument had fulfilled its function and that the situation on the currency market had normalised. Nabiullina told journalists: "We think that the situation on the currency market has normalised." "Forex refinancing as a mechanism has fulfilled...

  • NEW YORK, April 1- The board that sets accounting rules for U.S. public companies proposed on Wednesday a one-year delay in sweeping new rules that would change the way companies recognize revenue, one of the most important numbers in corporate financial statements. The revised timeline from the U.S. Financial Accounting Standards Board calls for the rules to...

  • ROME, April 2- Global food prices fell in March as supplies for most commodities, including cereals and meat, remained robust, the United Nations food agency said on Thursday. The U.N. Food and Agriculture Organization's price index, which measures monthly changes for a basket of cereals, oilseeds, dairy, meat and sugar, averaged 173.8 points in March, 2.6 points...

  • April 2- Hong Kong's benchmark Hang Seng index rose to seven-month highs on Thursday, while growth stocks soared on expectations of fresh money inflows from the mainland. China has recently encouraged mainland mutual funds to buy Hong Kong shares and also expanded Chinese insurers' investment scope, allowing them to buy stocks listed on the Growth Enterprise...

  • *Mood more muted in Europe. The mood was more muted in Europe, where the pan-European FTSEurofirst 300 equity index slipped 0.1 percent and eurozone bond yields traded flat to higher. "People are reluctant to chase the market higher today because of the U.S. payrolls coming tomorrow when Europe will be closed," FXCM market analyst Vincent Ganne said.

  • *Marathon talks with Iran continue; no deal yet. LONDON, April 2- Oil prices slipped on Thursday as officials from the big global powers remained locked in nuclear talks with Iran that, if successful, could allow the Islamic state to release more crude oil onto world markets. Negotiations on Tehran's disputed nuclear programme have stretched well beyond a...

  • European shares rangebound ahead of Easter break Thursday, 2 Apr 2015 | 4:14 AM ET

    *Marks& Spencer surges after posting a rise in sales. PARIS, April 2- European shares dipped on Thursday morning, trading in a tight range ahead of the Easter break, with Greece still at the forefront of investors' minds after the country sent an updated list of reforms to lenders. Greece sent a new list of measures to its creditors on Wednesday to try to unlock...

  • MOSCOW, April 2- Russian services conglomerate Sistema said on Thursday it made a $5.3 billion net loss in the fourth quarter of 2014 compared to $47.7 million in profit a year earlier due to the loss of oil company Bashneft.