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  • HONG KONG/ LONDON, April 20- Battling against sceptical Western investors, HSBC, is on a mission to explain why its push into a slowing China is good for the global bank's future growth. HSBC which reported flat annual pre-tax profit in 2015, is betting that the Pearl River Delta region in southern China is succeeding in rapidly upgrading its economy from...

  • HONG KONG/ LONDON, April 20- Battling against skeptical Western investors, HSBC, is on a mission to explain why its push into a slowing China is good for the global bank's future growth. HSBC which reported flat annual pre-tax profit in 2015, is betting that the Pearl River Delta region in southern China is succeeding in rapidly upgrading its economy from...

  • THE HAGUE, Netherlands— Dutch police and prosecutors took down an encrypted communications network Tuesday believed to have been used by criminals in the Netherlands and possibly overseas. The company sold mobile phones for 1,500 euros that had been protected with legal encryption software called Pretty Good Privacy, or PGP, and could be used only for email,...

  • *Google 2015 revenues from ads on Android phones $11 bln- analyst. AMSTERDAM/ FRANKFURT, April 18- The European competition commission is gearing up to charge Google with giving unfair prominence to its own apps like search and maps in supplementary software licensing deals it strikes with mobile phone makers running its Android operating system, four sources...

  • AMSTERDAM, April 15- Fiat Chrysler has received interest from carmakers willing to help it build medium-sized cars in the United States and may decide on a partner this year, CEO Sergio Marchionne said on Friday. Marchionne is looking for partners to build future versions of the compact Dodge Dart and the midsize Chrysler 200 in the United States to use more of...

  • AMSTERDAM, April 15- Toyota, Volkswagen and Ford are the only remaining potential merger candidates for Fiat Chrysler, since its attempt to join up with GM has been rebuffed, Chief Executive Sergio Marchionne said on Friday. "The door has never closed, the need to consolidate does not go away," he said on the sidelines of a shareholder meeting in Amsterdam.

  • BRUSSELS, April 15- European Union finance ministers will discuss putting a cap on banks' exposure to sovereign debt when they meet next week, an EU document said, confirming what officials told Reuters earlier this week. "Structurally elevated home sovereign debt holdings will amplify the risk that when a sovereign defaults a systemic bank crisis will occur,"...

  • WASHINGTON, April 14- There will be no breakthrough on unlocking new loans for Greece in Washington this week, but euro zone ministers will seek a deal next week in Amsterdam that could pave the way for debt relief talks, a top euro zone official said on Thursday. The IMF, one of the lenders to Greece, believes that asking Athens to maintain a surplus of that size for...

  • WASHINGTON, April 14- There will no breakthrough between lenders and Greece in Washington this week, but euro zone ministers will try to get a deal to unlock new loans and start debt relief talks at their meeting in Amsterdam next week, a top euro zone official said on Thursday. The chairman of euro zone finance ministers, Jeroen Dijsselbloem, told reporters on the...

  • BRUSSELS, April 14- Financial firms in the European Union may have to undergo stress tests on their exposure to climate change risk, such as floods, and to energy intensive sectors where assets are more exposed to repricing, a document seen by Reuters showed. European Union finance ministers and central bankers will discuss the opportunity of "carbon stress...

  • BRUSSELS, April 13- European Union finance ministers will consider five options to reduce the exposure of banks to sovereign debt when they meet next week, European officials told Reuters. Currently, sovereign bonds are treated as risk-free and are exempt from limits imposed on bank holdings of corporate or household debt. "Ministers and Central Bank...

  • ROME, April 11- To traders at the famous Royal FloraHolland flower market near Amsterdam, Vincenzo Crupi was just another businessman helping to make the Netherlands the largest exporter of cut flowers in the world. To the police, Crupi was a mafia suspect allegedly concealing drugs worth millions of dollars alongside fragrant bouquets he trucked to Italy.

  • *North Sea oil field maintenance supports Brent futures. *Iraq exports higher than planned. LONDON, April 7- Oil fell on Thursday as rising exports from Iraq underlined the global oversupply situation, outweighing the effects of a surprise fall in U.S. inventories the previous day.

  • *North Sea oil field maintenance supports Brent futures. *Iraq exports higher than planned. LONDON, April 7- Oil steadied at around $40 per barrel on Thursday as a surprise fall in U.S. inventories the previous day was offset by an increase in exports from Iraq, underlining global oversupply.

  • March 23- Respironics Inc has agreed to pay $34.8 million to settle U.S. Department of Justice claims that it provided kickbacks in the form of free call center services to suppliers, to induce them to buy its masks for patients suffering from sleep apnea. Gibran Ameer, a South Carolina pharmacist who worked for medical equipment suppliers that bought the masks.

  • *Record net profit of $1.25 billion. LONDON, March 22- Commodity trader Gunvor Group on Tuesday reported a record net profit of $1.25 billion in 2015, boosted by asset sales and stronger earnings from trading and refining. The Swiss-based trader's net profit was $267 million in 2014..

  • While there were no credible threats to U.S. airports or transportation hubs, police presence was beefed up as a precaution in the nation's major cities, including New York, Washington and Los Angeles. Delta Air Lines Inc said its flight DL42 from New York to Brussels was diverted to Amsterdam. News of the multiple blasts, which have Brussels on lockdown and have...

  • Delta Air Lines Inc said its flight DL42 from New York to Brussels was diverted to Amsterdam. News of the multiple blasts, which have Brussels on lockdown, sent shares of U.S. airlines and travel-related companies lower in premarket trading. United Airlines, which had two flights due in Brussels on Tuesday morning, said one from Washington, D.C.' s Dulles...

  • Delta said its flight DL42 from New York to Brussels was diverted to Amsterdam. United Airlines, which had two flights due in Brussels on Tuesday morning, said one from Washington Dulles arrived at 7:01 a.m. local time and customers deplaned normally. Starwood Hotels& Resorts Inc said all Starwood hotels in Brussels were safe but on lockdown, along with the rest...

  • BERLIN, March 18- Europe's largest dedicated online fashion retailer Zalando is testing a project to deliver stock directly from a retailer's store so the buyer can receive it the same day, it said on Friday. Other initiatives include a pilot project with German delivery start-up Liefery in Cologne and Berlin for same-day delivery, and making it easier to...