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  • *Swedish crown rises 1 pct vs USD after Riksbank announcement. *Dollar index hits lowest level in 2 months. LONDON, April 29- The Swedish crown soared to a one-month peak against the dollar and hit its highest in nearly two weeks against the euro on Wednesday after Sweden's central bank surprised the market by leaving interest rates unchanged.

  • *Europe shares dip on earnings, follow Asia down. LONDON, April 29- Stocks fell in Europe on Wednesday, following Asian stocks lower, while the dollar held near two-month lows before a Federal Reserve policy statement expected to show the U.S. central bank in no hurry to raise interest rates. The euro was up 0.1 percent at $1.0994, having hit a three-week high on...

  • UPDATE 2-Japan keeps Hermes sales growth on target Wednesday, 29 Apr 2015 | 4:16 AM ET

    *Strongest growth in Japan with revenue up 15.2 pct. PARIS, April 29- French luxury goods maker Hermes posted an 8 percent rise in first-quarter sales on Wednesday, helped by strong growth in Japan. Revenue in Japan, one of Hermes' biggest markets, rose by 15.2 percent at constant currencies but was up only 7.7 percent in the Asia-Pacific region mainly consisting of...

  • BANGKOK, April 29- Thailand's central bank surprised markets by cutting its key interest rate for a second straight meeting on Wednesday, with policymakers under pressure to revive the stumbling economy. The Bank of Thailand's monetary policy committee voted 5-2 to cut the one-day repurchase rate by 25 basis points to 1.50 percent, confounding expectations...

  • Hong Kong shares fall on weak China bank results Wednesday, 29 Apr 2015 | 4:09 AM ET

    April 29- Hong Kong stocks fell on Wednesday, weighed down by financial shares after two major Chinese banks reported weak first-quarter earnings, highlighting the drag from the slowing mainland economy. But in the long term, the Hong Kong market may benefit from further opening in China's capital markets. One other notable mover on Wednesday was Hong Kong-...

  • UPDATE 2-Euro zone QE helps Standard Life Q1 funds boost Wednesday, 29 Apr 2015 | 4:06 AM ET

    LONDON, April 29- Money-printing in the euro zone helped drive flows into Standard Life's funds in the first quarter as investors searched for higher-yielding assets, the British insurer and asset manager said on Wednesday. SLI's assets under management rose 5 percent in the first quarter, to 258.4 billion pounds, Standard Life said in a trading statement.

  • *China seeking foreign access for its high-speed trains-sources. BEIJING, April 29- China's top two trainmakers have been in discussions with Bombardier Inc about possibly buying a controlling stake in the Canadian company's railway unit, two sources with direct knowledge of the matter said. China CNR Corp Ltd and state-owned CSR Corp Ltd, now in the process of...

  • MOSCOW, April 29- The Russian rouble was little changed early on Wednesday as the market awaited monetary policy decisions by the U.S. Brent crude oil, a key driver for all Russian assets, was 0.4 percent lower on the day at around $64.4 a barrel, while the dollar index fell almost 0.2 percent. Russia's end-of-month tax period ended on Tuesday, removing a key pillar of...

  • European shares extend fall amid mixed earnings Wednesday, 29 Apr 2015 | 3:55 AM ET

    *Weak numbers hit BBVA, BAT, Delhaize. LONDON, April 29- European shares gave away early gains to trade slightly lower on Wednesday as investors digested a batch of mixed corporate results from bank BBVA and UK retailer Next, among others. Yet the early rise quickly fizzled out, with BBVA, British American Tobacco and Belgian supermarket group Delhaize among the...

  • LONDON, April 29- Barclays set aside another 800 million pounds on Wednesday to cover potential settlements for alleged foreign exchange manipulation, hitting profits and reflecting its struggle to put past problems behind it. Barclays said it had now set aside 2.05 billion pounds to cover any settlement, after the extra provision to reflect "developments...

  • SHANGHAI, April 29- China stocks recouped early losses and ended higher on Wednesday, with a surge in resources stocks and start-up companies offseting losses in banking shares amid signs of sustained investor enthusiasm. China's stock market has almost doubled during the past year, but "this round of bull run is not yet over," said Liu Yang, fund manager at Bosera...

  • Barrick Gold takes backseat at Australia's Super Pit Wednesday, 29 Apr 2015 | 3:15 AM ET

    SYDNEY, April 29- Canada's Barrick Gold will relinquish some management duties at Australia's Super Pit gold mine to partner Newmont Mining, in a further pull-back from operations in the Southern Hemisphere. Barrick and Denver- based Newmont have long been 50-50 partners in the Kalgoorlie Consolidated Gold Mines, which operates the Super Pit, at one stage...

  • Next, SHB help European shares edge up after results Wednesday, 29 Apr 2015 | 3:14 AM ET

    LONDON, April 29- European shares edged up early on Wednesday, helped by better-than-expected results from UK clothing retailer Next, Swedish bank Handelsbanken and Dutch nutritional supplements DSM, among others. The three stocks, up between 1.6 percent and 3 percent, were among the top gainers on the pan-European FTSEurofirst 300 index, which was up 0.3...

  • Russian rouble weaker against dollar in early trade Wednesday, 29 Apr 2015 | 3:10 AM ET

    MOSCOW, April 29- The Russian rouble traded weaker early on Wednesday after rising strongly a day earlier on a weaker U.S. dollar. At 0707 GMT, the rouble was around 0.4 percent weaker against the dollar at 51.74 and lost 0.3 percent to trade at 56.81 versus the euro. For rouble poll data see USDRUB: reuters:// realtime/verb= Open/url= cpurl:// apps.cp./ Apps/fx-polls?

  • *Telefonica hikes prices 5-15 pct on most packages in Spain. MADRID, April 29- Telefonica's move to hike prices in Spain is a bold bet that could finally draw a line under a six-year slump, cut the firm's reliance on Latin America and give it a leg up over rivals on the lucrative premium telecoms market, sources and analysts say. The price increases, which range between...

  • China's QFII quota rises to $73.6 bln in April Wednesday, 29 Apr 2015 | 2:48 AM ET

    BEIJING, April 29- The outstanding amount of China's dollar-denominated Qualified Foreign Institutional Investor programme rose to $73.6 billion as of April 28, slightly higher than $72.1 billion in March, China's currency regulator said on Wednesday.

  • *UK house prices rise at fastest pace since June- Nationwide. *GRAPHIC: UK house prices http://r.reuters.com/jad24s. LONDON, April 29- British house prices rose in April at the fastest monthly pace since last June, a survey from mortgage lender Nationwide showed on Wednesday, in another sign the housing market might be starting to regain momentum.

  • Sainsbury's rejects Egypt legal case against CEO Coupe Wednesday, 29 Apr 2015 | 2:34 AM ET

    LONDON, April 29- British supermarket operator Sainsbury's on Wednesday rejected any allegations against its chief executive after the Times newspaper reported that Mike Coupe had been sentenced in absentia to two years in an Egyptian jail. "We are aware of media coverage today outlining a legal case in Egypt brought against our chief executive, Mike Coupe,"...

  • MOSCOW, April 29- Russia's second-biggest mobile phone operator Megafon said on Wednesday its first-quarter net profit rose 2.4 percent, year-on-year, to 7.4 billion roubles, boosted by income from cash deposits. Revenue decreased 1.2 percent to around 74 billion roubles and operating income before depreciation and amortisation fell 1.7 percent to 32...

  • *Asia shares succumb to profit taking, China more resilient. SYDNEY, April 29- Asian share markets faded from seven-year peaks on Wednesday while investors exited crowded positions in the U.S. dollar as the Federal Reserve wraps up a two-day policy meeting. The euro stood at $1.0972 having stopped short of resistance at $1.1000.