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  • 1 MDB& Malaysia's MoF to make payments on two bonds. KUALA LUMPUR/ ABU DHABI, April 24- Malaysia moved closer to clearing up the financial fallout of its 1 MDB scandal on Monday by resolving a debt dispute with Abu Dhabi, bolstering Prime Minister Najib Razak ahead of elections. The Malaysian state fund defaulted on its bonds a year ago, sparking a dispute with Abu...

  • LONDON, April 24- Hedge funds have tempered their bullishness towards crude oil as the short-covering rally that gripped the market since the end of March ran its course. Hedge funds and other money managers increased their net long position in the three major futures and options contracts linked to Brent and WTI by 8 million barrels in the week to April 18.

  • ABU DHABI/ KUALA LUMPUR, April 24- Abu Dhabi and Malaysia have resolved a debt dispute that threatened bilateral economic ties, with a conditional $1.2 billion deal following a legal challenge by the Gulf state. IPIC asked a London court to arbitrate last year in a dispute with 1 MDB in which the Abu Dhabi group claimed about $6.5 billion. IPIC had guaranteed bonds...

  • The financial offices of banks, including JPMorgan Chase, Citi, HSBC, and other institutions in the financial district of Canary Wharf, are pictured from Greenwich Park in London on January 17, 2017.

    European banking stocks soared after the first round of French presidential election was won by centrist Emmanuel Macron. But will this rally last?

  • London- based asset manager Hermes Investment Management appointed Andrew Jackson as head of fixed income. Alternative asset management and investment firm Tikehau Capital Partners SAS appointed Peter Cirenza as head of its London operations. Trade association UK Finance named Stephen Jones as its first chief executive.

  • Though Marie Le Pen of the far-right National Front came second with 21.5 percent of the vote and will contest the runoff on May 7, the favorite to be the country's next president is the centrist Emmanuel Macron, who came top with around 24 percent. Following Britain's vote to leave the European Union and Donald Trump's surprise victory in the U.S. presidential...

  • LONDON, April 24- Election relief spread across French government bond markets on Monday, bringing with it pain for Europe's benchmark German debt as focus shifted to the prospect of sooner-than-expected monetary tightening from the European Central Bank. As French yields fell to multi-month lows, the premium investors demand to hold the debt over German...

  • LONDON, April 24- Gold fell more than 1 percent on Monday, marking its biggest tumble in more than a month, after the market's favored candidate won the first round of the French election, easing worries over a political shock in the second round. Centrist Emmanuel Macron took a big step towards the French presidency on Sunday by winning the first round of voting,...

  • DUBAI, United Arab Emirates— Emirati and Malaysian officials said Monday they reached a deal to resolve a legal dispute over the indebted and troubled Malaysian investment fund 1 MDB, with the United Arab Emirates set to receive $1.2 billion over this year. Money from the fund, which was to develop Malaysia's economy, instead found itself funneled through a...

  • KEEPING SCORE: France's CAC 40 spiked 4.6 percent to nine-year highs of 5,290, while Germany's DAX advanced 3.2 percent to 12,427. The FTSE 100 index of leading British shares was 1.9 percent higher at 7,247. U.S. stocks were poised for solid gains at the open, with Dow futures and the broader S&P 500 futures up 1.2 percent. FRANCE FOCUS: Though Le Pen came second...

  • LONDON, April 24- Election relief spread across French government bond markets on Monday, bringing with it pain for Europe's benchmark German debt as focus shifted to the prospect of sooner-than-expected monetary tightening from the European Central Bank. As French yields dropped to multi-month lows, the premium investors demand to hold the debt over...

  • LONDON, April 24- European shares opened sharply higher and the euro briefly vaulted to five-month peaks on Monday after the market's favored candidate won the first round of the French election, reducing the risk of another Brexit-like shock. The victory for pro-EU centrist Emmanuel Macron, who is now expected to beat right-wing rival Marine Le Pen in a...

  • April 24- Anglo American reported a 9 percent rise in overall production for the first quarter of 2017 compared with 2016, but copper output fell 3 percent due to poorer grades and a temporary suspension at the El Soldado mine in Chile. Copper output fell 3 percent due to poorer quality ore in Chile combined with the halting of mining operations at El Soldado from...

  • LONDON, April 24- The euro surged and the yen sank on Monday after the first round of France's presidential election turned out bang in line with opinion polls, settling currency market worries of another systemic political shock from next month's second round. The same polls show Macron defeating Le Pen by around 30 percentage points in two weeks time and that...

  • NEW YORK— Apprentices no more, Eric and Donald Trump Jr. are now at the helm of the Trump Organization and adjusting to the reality presented by their father's presidency. "I think it makes it naturally easier if you're going into a place that's not adversarial to you," Donald Trump Jr. said in a recent interview. Although foreign deals are on hold, the company will...

  • SEOUL, South Korea— Taiwan's "digital minister" Audrey Tang, a computer prodigy and entrepreneur who taught herself programming at age 8, says she's a "civic hacker," who like a locksmith uses specialized skills to help rather than harm. "Just by getting people to listen to the ideas that they don't like, basically, develops their immune systems," Tang said in an...

  • TOKYO— Asian stocks were mixed Monday as investors weighed the results of the first round of the French presidential election. FRENCH ELECTION: After the weekend vote, centrist Emmanuel Macron and far-right populist Marine Le Pen are advancing to a runoff in France's presidential election. The outcome could lead to a reshaping of the country's political...

  • LOS ANGELES, California- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in a question-and-answer session at " Opportunity and Inclusive Growth Institute, TBTF"- 1530 GMT. **BRUSSELS- European Central Bank board member Daniele Nouy participates at the ECON Committee Public Hearing in Brussels 0830 GMT. LUXEMBOURG- EU General Affairs...

  • **BRUSSELS- European Central Bank board member Daniele Nouy participates at the ECON Committee Public Hearing in Brussels 0830 GMT. LUXEMBOURG- EU General Affairs Council meeting 0800 GMT. WEDNESDAY, APRIL 26 FRANKFURT- "Frankfurt Finance Summit 2017." STOCKHOLM- Meeting of the executive board of the Riksbank- 0800 GMT.