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  • LONDON, April 27- European shares retreated from 20- month highs on Thursday with financials and commodity-related stocks the main drag on the benchmark index. France's CAC 40 also fell 0.5 percent, just off Wednesday's nine-year high. Of the 20 percent of companies having reported so far, 70 percent had beaten estimates while 19 percent had missed, Thomson...

  • LONDON, April 27- Sterling rose around half a percent to 7- month highs above $1.29 on Thursday, helped by a broader softening of the dollar and polls showing Prime Minister Theresa May on course for a landslide in the early election she has called for June. By 0930 GMT it had risen 0.4 percent to $1.2898, having hit a high of $1.2917 in early trade in London.

  • *OPEC expected to extend production cuts deal. OPEC is discussing extending its cuts into the second half of the year, but the group has an uphill task as oil inventories are near record levels in many parts of the world. "It is clear that the world has plenty of oil in stock, making OPEC's life that much harder," said Jeffrey Halley, senior market analyst at futures...

  • *OPEC expected to extend production cuts deal. OPEC is discussing extending its cuts into the second half of the year, but the group has an uphill task as oil inventories are near record levels in many parts of the world. "It is clear that the world has plenty of oil in stock, making OPEC's life that much harder," said Jeffrey Halley, senior market analyst at futures...

  • *Canada dlr, Mexican peso rebound after Trump NAFTA comments. LONDON, April 27- A record-setting rally in world stocks ran out of steam on Thursday, with unconvincing U.S. tax cut plans cooling investors' spirits and caution setting in as the European Central Bank met. Europe's main bourses were as much as 0.7 percent lower as traders pulled back after six days of...

  • BERLIN, April 27- German Chancellor Angela Merkel told Britons on Thursday not to delude themselves that they would continue to enjoy EU rights after Brexit and insisted the bloc would only agree on future ties with London after they have nailed down a deal to leave. "A third state, and that's what Britain will be, cannot and will not have at its disposal the same...

  • LONDON _ Ensco PLC on Wednesday reported a first-quarter loss of $25.7 million, after reporting a profit in the same period a year earlier. The average estimate of 12 analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share. Ensco shares have declined 13 percent since the beginning of the year, while the Standard& Poor's 500 index has...

  • LONDON _ Astrazeneca PLC on Thursday reported first-quarter profit of $537 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share. Astrazeneca shares have increased 12 percent since the beginning of the year.

  • LONDON, April 27- Sterling rose around half a percent to 7- month highs above $1.29 on Thursday, helped by a broader softening of the dollar and polls showing Prime Minister Theresa May on course for a landslide in the early election she has called for June. By 0850 it had risen a third of a percent to $1.2891, having hit a high of $1.2917 in early trade in London.

  • LONDON, April 27- Sterling rose around half a percent to 7- month highs above $1.29 on Thursday, helped by a broader softening of the dollar and polls showing Prime Minister Theresa May on course for a landslide in the early election she has called for June. By 0850 it had risen a third of a percent to $1.2891, having hit a high of $1.2917 in early trade in London.

  • LONDON/ SYDNEY, April 27- Two weeks after Elliott Management's surprise assault on BHP Billiton, the fund manager's three-point demand for change is gaining little traction with investors, prompting expectations a second strike is imminent. "I think the case for agitating for management to do what a shareholder wants is always there," said Neil Boyd-Clark,...

  • *OPEC expected to extend production cuts deal. OPEC is discussing extending its cuts into the second half of the year, but the group has an uphill task as oil inventories are near record levels in many parts of the world. "It is clear that the world has plenty of oil in stock, making OPEC's life that much harder," said Jeffrey Halley, senior market analyst at futures...

  • *OPEC expected to extend production cuts deal. OPEC is discussing extending its cuts into the second half of the year, but the group has an uphill task as oil inventories are near record levels in many parts of the world. "It is clear that the world has plenty of oil in stock, making OPEC's life that much harder," said Jeffrey Halley, senior market analyst at futures...

  • LONDON, April 27- The dollar only held its gains against the Japanese yen on Thursday after U.S. The market also awaited the European Central Bank's monetary policy decision. The Canadian dollar and Mexican peso, which had slumped earlier on reports the United States is considering withdrawing from the North American Free Trade Agreement, bounced sharply...

  • COPENHAGEN, April 27- Danish energy group DONG Energy posted first quarter profit below analyst expectations on Thursday, with the lack of any wind farm divestments so far this year proving a drag. With the upcoming 50 percent divestment of its Walney Extension wind farm in the Irish Sea and the construction of its Race Bank farm off the east coast of England, DONG...

  • *ECB may talk of rosier economic outlook. LONDON, April 27- Euro zone government bond yields nudged up on Thursday with the bloc's central bank expected to reiterate Japan's acknowledgment of better growth prospects in a move that could pave the way towards tighter monetary policy. The European Central Bank's meeting on Thursday comes immediately after the...

  • By Karin Strohecker and Sujata Rao. LONDON, April 26- President Jacob Zuma's exit, whenever it comes, will be no panacea for South Africa's deepening political problems which many investors blame on the ruling ANC party rather than its 75- year-old leader. South Africa is a key emerging economy, with a $140 billion bond market and a $825 billion equity market that...

  • DONGGUAN, China/ LONDON/ HONG KONG, April 27- In the digital age, footfall in bricks-and-mortar outlets is an incomplete measure of business activity, but HSBC's empty branches in the Pearl River Delta suggest it's not all plain sailing for the bank's expansion in mainland China. HSBC, the world's sixth-largest bank by assets, announced in 2015 that it would hire...

  • LONDON— Anglo-Swedish drugmaker AstraZeneca says first-quarter revenue fell amid declining sales of cholesterol treatment Crestor, which lost patent protection last year. Net income fell to $537 million, from $646 million. CEO Pascal Soriot said Thursday that the impact of recent patent expirations should ease this year as he highlighted optimism about...

  • SYDNEY, April 27- Australian national carrier Qantas Airways Ltd on Thursday said it would axe its Melbourne- Dubai- London flights operated in partnership with Emirates and switch the capacity to Asia when it launches non-stop Perth- London flights next year. Qantas Chief Executive Alan Joyce has said his airline could be operating non-stop flights from...