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  • *Nigeria tried to end subsidies in 2012. ABUJA, May 6- Nigeria will slash petrol subsidies by 90 percent this year because government revenues have been hit by the slump in oil prices. While Nigeria is Africa's biggest oil producer, a neglected refining system means it is almost wholly reliant on imports for the 40 million liters per day of gasoline it consumes.

  • Canadian Tire to buy 12 Target property leases in Canada Wednesday, 6 May 2015 | 10:18 AM ET

    May 6- Retailer Canadian Tire Corp said it would buy real estate leases for 12 properties previously held by the Canadian unit of Target Corp for $17.7 million. The 12 new locations will add about 400,000 square feet of retail space to Canadian Tire Retail's store network, the company said on Wednesday. Target, the No. 2 U.S. discount chain, exited Canada last month...

  • SIM sales soar as Myanmar races to catch up in telecoms Wednesday, 6 May 2015 | 10:17 AM ET

    YANGON, May 6- Myanmar, long one of the world's least connected nations in terms of telecommunications, is now racing to catch up, providing a boost to the foreign mobile companies allowed into the country last year. "The Myanmar economy has had more money in circulation than we had originally expected," said Telenor Chief Executive Jon Fredrik Baksaas on Wednesday,...

  • NEW YORK, May 6- Keurig Green Mountain will begin purchasing green coffee out of its new Switzerland office in June, a spokeswoman told Reuters on Wednesday, a move that has prompted a reshuffling of the coffee buying team of the largest U.S. roaster by sales. Late last year, Reuters reported that the Waterbury, Vermont- based coffee roaster and brewing technology...

  • LONDON, May 6- Standard Chartered said it expected Britain to increase its bank levy again and the rising cost of the tax was a key issue in its assessment of whether to keep its headquarters in London or move to Asia. Standard Chartered Chairman John Peace told investors on Wednesday the Asia- focused bank had "no current plans to move" but was keeping its domicile...

  • *Private employers add fewest jobs since Jan 2014. MoneyGram and Synageva soar on buyout offers. "This is certainly going to change expectations for Friday's numbers," said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey.

  • Oil train derails in North Dakota, small town evacuated Wednesday, 6 May 2015 | 10:10 AM ET

    NEW YORK, May 6- A train carrying crude oil derailed and caught fire in Wells County, North Dakota on Wednesday, according to local media reports. Five tank cars came off the rails, and the nearby town of Heimdal has been evacuated, local media said. The local fire department said there were no injuries in the accident.

  • It also scaled back plans to return 4 billion pounds of cash flowing from a $20 billion- plus asset swap with Novartis to investors, opting instead to pay a 1 billion special dividend. Chief Executive Andrew Witty is under pressure to demonstrate that the Novartis deal can revive GSK's fortunes by focusing it on consumer health and vaccines, following a slide in...

  • PACIFIC RUBIALES SHARES RISE 27.7 PCT ON TORONTO STOCK EXCHANGE, 25.7 PCT IN COLOMBIA AFTER ALFA, HARBOR TAKEOVER BID.

  • *Azeri, African, North Sea oil languishes unsold. Tens of millions of barrels are struggling to find buyers in Europe with traders of West African, Azeri and North Sea crude blaming poor demand. Benchmark Brent oil futures prices more than halved between June 2014 and January 2015 after OPEC refused to cut output and instead chose to undercut more expensive...

  • LONDON, May 6- BHP Billiton shareholders approved the spin-off of the global miner's smaller assets into South32 on Wednesday, paving the way towards a listing on May 18.

  • MOSCOW, May 6- Russia's Finance Ministry sold 10 billion roubles of OFZ government bonds at an average yield of 13.72 percent at auction on Wednesday, it said in a statement on its website. The ministry earlier on Wednesday sold 15 billion roubles of fixed-coupon OFZs maturing in 2019 at an average yield of 10.69 percent. Following are details of the auction, taken...

  • *Profit $0.06 per share vs est. May 6- Wendy's Co, the No.3 U.S. burger chain, reported better-than-expected quarterly same-restaurant sales, helped by increased traffic to its revamped outlets, and the company said it planned to sell its bakery operations this month. Wendy's launched a program in 2012 to revamp its image, creating a new logo, renovating...

  • WASHINGTON, May 6- Federal Reserve Chair Janet Yellen on Wednesday said the central bank is prepared to take further action to make the financial system safer, in a warning to the banking industry and non-bank lenders. In prepared remarks at the " Finance and Society" conference held at the International Monetary Fund, Yellen outlined the contributions of the...

  • May 6- U.S. stocks opened higher on Wednesday as oil prices touched 2015 highs and corporate dealmaking resumed, helping investors shrug off weaker-than-expected U.S. private jobs data.

  • MOSCOW, May 6- Russian consumer price inflation edged down in April for the first month since July, official data showed on Wednesday, appearing to vindicate the central bank over its decision to cut its key interest rate last week. Over the next six months or so inflation should continue to drop back quite quickly to end the year at around 10 percent, "said Neil...

  • *Reflation putting end to deflation scare. SYDNEY/ LONDON, May 6- A rapid revival of commodity prices and a sudden sell-off in top-rated, low-yielding bonds have signalled the passing of this year's global deflation scare, forcing a rethink of both the consumer price outlook and investments worldwide. "There has been a profound easing in financial conditions...

  • May 6- Virtual reality technology company Oculus said it would start shipping the much-awaited consumer version of its Rift headset in the first quarter of 2016.. Pre-orders for Rift will start later this year, Oculus, which Facebook Inc bought for $2 billion last year, said. Previous versions of the VR headset, available since 2012, were aimed at developers to...

  • Failing Ghana cocoa harvest drives global prices higher Wednesday, 6 May 2015 | 9:19 AM ET

    *Traders in Europe scramble for Ghana cocoa stock. *Ghana may have oversold crop by as much as 200,000 tonnes. ENCHI, Ghana/ LONDON, May 6- A poor cocoa harvest in Ghana has left the world's number two producer struggling to fulfil sales contracts and is driving up the price of the commodity on global markets.

  • WASHINGTON, May 6- The U.S. government will try to keep enough cash on hand to cover one week of federal spending for rare cases when it is unable to tap debt markets, U.S. Acting Assistant Secretary for Financial Markets Seth Carpenter said the extra buffer would help the government weather events like the attacks of Sept 11, 2001, which disrupted U.S. borrowing...