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  • May 5- GIC Pte, Singapore's sovereign wealth fund, is in talks to buy a 14 percent stake worth up to $980 million in Brazil's largest hospital chain, Rede D'Or Sao Luiz, Bloomberg reported, citing people familiar with the matter. GIC, which could announce a deal within a month, may pick up the stake from the company's founders Moll family and Grupo BTG Pactual SA, Latin...

  • FRANKFURT, May 5- Allianz shareholders will see new Chief Executive Oliver Baete installed on Wednesday and will be eager for any clues about his strategy for Europe's largest insurer- and how he plans to improve the prospects of its asset manager Pimco. For the wider Allianz group, meanwhile, Baete must chart a course through perils created by rock-bottom...

  • UK 10-year gilt yields hit 2015 high ahead of election Tuesday, 5 May 2015 | 12:20 PM ET

    LONDON, May 5- Ten-year British government bond yields surged to their highest level this year on Tuesday, two days before voters go to the polls in the hardest-to-predict national election since the 1970 s. Robust U.S. non-manufacturing data caused gilts to extend losses made earlier in the day when traders were catching up with global bond price falls from...

  • NEW YORK, May 5- U.S. The selling on Tuesday, often by traders winding down Treasury positions as inflation pressures show signs of quickening, accelerated after the Institute for Supply Management said its services index rose to 57.8 last month from 56.5 in March. "That was better than forecast," said Anthony Valeri, fixed-income strategist at LPL Financial in San...

  • Banks lead Britain's FTSE lower, focus on election Tuesday, 5 May 2015 | 11:59 AM ET

    LONDON, May 5- Britain's top share index ended lower on Tuesday tracking sharp losses in the U.S. market, with HSBC leading the banking sector down after saying a bank levy was hampering its ability to pay a higher dividend. After trading higher in the first, the blue-chip FTSE 100 index gave up gains and finished 0.8 percent weaker at 6,927.58 points, dragged down by...

  • McConnell, speaking on the Senate floor, said that as soon as the Senate finishes work on budget and Iran legislation, he will attempt to bring up a bill to streamline the passage of trade deals through Congress. "Of course we've heard of an attempt to stand in the way of an effort to pass this bipartisan legislation," McConnell said of the trade bill on the Senate floor.

  • BRIEF-NETFLIX SAYS DOES NOT OPPOSE AT& T-DIRECTV MERGER,.

  • *Trade deficit widens to $51.4 billion in March. A lot of the headwinds we saw in the first quarter have unwound, "said Jacob Oubina, senior U.S. economist at RBC Capital Markets in New York. The Commerce Department said the trade deficit jumped 43.1 percent to $51.4 billion in March, the largest since October 2008.

  • The stand-off between Greece and its creditors also curbed appetite for equities. "Greece is not going to get sorted out any time soon. At the moment, I'm more bearish than bullish and I would sell on any stock market rally, "said Terry Torrison, managing director at Monaco- based McLaren Securities.

  • May 5- Walt Disney Co's quarterly revenue beat analysts' expectations, helped by increased spending by visitors at its theme parks and strength in the company's TV networks business. The sequel opened last weekend with $191.2 million in ticket sales in the United States and Canada- the second-biggest opening of all time. "As much as the quarter itself was strong...

  • The $51.4 billion deficit was the highest in nearly 6-1/ 2 years and larger than the $45.2 billion the government assumed in its snapshot of first-quarter gross domestic product last week. "Everyone is now keeping an eye on Friday's jobs numbers to see if last month's dismal numbers were a momentary blip or for real," said Kim Forrest, senior equity research...

  • FRANKFURT/ WALLDORF, May 5- SAP Chief Executive Bill McDermott said his company has "zero interest" in acquiring software rival Salesforce.com, which is rumoured to be for sale. "We bought always assets that are best-in-class, which are assending in value," McDermott said in response to a journalist's question at a news conference at SAP's annual SAPPHIRE user...

  • WASHINGTON, May 5- Netflix Inc has urged the U.S. Federal Communications Commission to reject the pending $48 billion merger of AT&T Inc and DirecTV as currently proposed, according to regulatory disclosures posted on Tuesday. Previous FCC filings from Netflix on the deal called for approval with conditions. Netflix's April 30 meeting with the FCC's merger...

  • MOSCOW, May 5- Russia's Agriculture Ministry has proposed lifting a duty levied on wheat exports from May 15 and for the government to set a new tax formula from July 1, the ministry said on Tuesday. "The Agriculture Ministry is offering to cancel the grain export duty from May 15... the proposal has been agreed with other departments and submitted to the Justice...

  • WASHINGTON, May 5- Republican U.S. presidential candidate Carly Fiorina is defending her record as a corporate executive after a critic took over a website with her name on it to highlight job losses at Hewlett-Packard Co while she served as CEO. Fiorina, who announced her candidacy on Monday in the 2016 race, said she would run on her record at Hewlett-Packard, but...

  • Warren Buffett to auction another charity lunch Tuesday, 5 May 2015 | 11:25 AM ET

    May 5- Billionaire investor Warren Buffett has once again agreed to have lunch this year with the winner of an auction to benefit a San Francisco charity. Past auctions have raised about $17.8 million, including a record $3,456,789 from an anonymous bidder in 2012. Last year's winner, Andy Chua of Singapore, bid $2,166,766. Other winners have included hedge fund...

  • NAIROBI, May 5- Kenya's shilling weakened against the dollar on Tuesday, hitting a fresh three and a half year low and breaking the technical support level of 95.00. At the 1300 GMT close of trade, commercial banks quoted the shilling at 95.05/ 15 to the dollar, its lowest since November 2011, and down from 94.80/ 90 at Monday's close. "It looks like we've been flirting...

  • OTTAWA, May 5- Canada's trade deficit jumped to a record high C $3.02 billion in March from February as imports surged and weak crude prices helped curb exports, Statistics Canada data showed on Tuesday. Statscan revised February's deficit sharply higher to C $2.22 billion from an initial C $984 million, citing a sharp downward revision in energy exports.

  • LAS VEGAS, May 5- Democratic presidential candidate Hillary Clinton will call on Tuesday for a path to citizenship for undocumented immigrants during a campaign appearance in Nevada. Senator Marco Rubio of Florida, a Republican presidential candidate and son of Cuban immigrants, was a co-author of a bill that failed to pass in the Senate that would have given a...

  • *Greece debt talks hit snags. NEW YORK, May 5- The dollar fell from three-week highs against the yen and one-week peaks versus the euro as a mixed batch of U.S. economic data added to uncertainty about the pace of future interest rate increases. The euro recovered from one-week lows to trade 0.4 percent higher at $1.1187, disregarding a report that said the...