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  • COPENHAGEN, April 28- The world's biggest container shipping company Maersk Line will pay 3.7 billion euros for its acquisition of smaller German rival Hamburg Sud, it said on Friday. "By keeping Hamburg Sud as a separate and well-run company, we will limit the transaction and integration risks and costs while still extracting the operational synergies," said...

  • SHANGHAI, April 28- China's main stock indexes were little changed on Friday but posted worst month of the year on fears that regulators will step up their latest crackdown on riskier types of financing and speculation, and on lingering worries over economic growth. While China's regulatory enforcement has tended to wax and wane in the past, investors fear...

  • Facing a May 5 compliance deadline set by the Food and Drug Administration last year, those groups are eyeing a massive spending bill that Congress will have to pass in the next week to keep the government open. At the same time, the FDA is signaling it may act on the issue even sooner. In a typical first step before a rule or decision is announced, the agency has sent...

  • LONDON, April 28- Major dealers have backed the broader use of a Bank of England interest rate benchmark as an alternative to Libor, a rate that was tarnished by a rigging scandal. Support for SONIA, the sterling overnight index average, as its preferred "near risk-free" interest rate benchmark in sterling derivatives and other financial contracts, will improve...

  • *Profit rise driven by credit cards, investment banking, UK bank. *To create 1,000 new jobs in UK in operations and technology. The British bank is seeking to press ahead with restructuring plans which have seen it shift towards a transatlantic U.S.- UK focus and an emphasis on investment banking under Chief Executive Jes Staley.

  • STOCKHOLM, April 28- Geely-owned automaker Volvo Car Group reported a rise in first quarter operating profit on Friday as strong demand for its XC60 and 90 series cars gave it a boost, and stuck to a forecast of higher sales this year. Volvo, bought by China's Zhejiang Geely Holding Group Co. from Ford Motor Co. in 2010, said earnings rose to 3.5 billion Swedish...

  • *China is world's biggest consumer of soy oil. BEIJING, April 28- A Chinese consumer backlash against genetically modified crops is beginning to dent demand for soy oil, the nation's main cooking oil, and could spell crisis for the multi-billion-dollar crushing industry, which depends on GMO soybeans from the United States and elsewhere. A Nielsen survey last...

  • TOKYO— Sony Corp. has reported a January-March profit of 27.7 billion yen on the back of healthy sales of image sensors, PlayStation 4 game software and batteries for mobile devices, marking a recovery from its red ink a year ago. Tokyo- based Sony had an 88 billion yen loss the same period last year. For the fiscal year through March, Sony's profit fell 50 percent to...

  • PARIS, April 28- French drugmaker Sanofi reported higher-than-expected first-quarter profits on Friday, buoyed by its speciality care division Genzyme, vaccines and consumer products acquired from Germany's Boehringer Ingelheim. The drugmaker, which confirmed its full-year outlook, said it was confident Dupixent, a drug for moderate-to-severe atopic...

  • *Q1 net profit 1.3 bln Sfr vs 919 mln Reuters poll avg. ZURICH, April 28- A long-awaited turnaround in UBS's wealth management business helped Switzerland's biggest bank deliver its second-best start to a year since the financial crisis. Net new money, an important indicator for future revenue in private banking, came in at 18.6 billion francs at UBS Wealth...

  • *Sees this FY profit at Y500 bln vs Y288.7 bln year prior. Sony forecast profit to reach 500 billion yen in the financial year through March 2018 from 288.7 billion yen a year prior, when earnings were roughly in line with a revised estimate announced earlier this month. The outlook compared with the 510.58 billion yen average of 27 analyst estimates compiled by...

  • LONDON— Taxpayer-owned Royal Bank of Scotland swung to a profit in the first quarter as it cut costs and increased lending. The bank, bailed out by the British government during the 2008 financial crisis, posted net income of 259 million pounds versus a loss of 968 million pounds in the same period last year. In February, CEO Ross McEwan announced plans to cut costs...

  • *OPEC lobbies for extension to cut output beyond H1 2017. *Relentless rise in U.S. output undermines OPEC efforts. SINGAPORE, April 28- Oil prices rose on Friday but were still on track for a second straight weekly loss on concerns that an OPEC- led production cut has failed to significantly tighten an oversupplied market.

  • *Q1 op profit SEK 1.54 bln vs forecast 1.33 bln. STOCKHOLM, April 28- Home appliance maker Electrolux reported a bigger than expected rise in first-quarter earnings on Friday and said it would step up cost-trimming efforts in the face of mounting raw materials prices. The rival of U.S. Whirlpool Corp stuck by its forecast for market demand to grow 2-3 percent in...

  • JOHANNESBURG, April 28- Russia's Norilsk Nickel said on Friday it had filed a lawsuit against the government of Botswana to try to recoup $271 million plus damages it says it is owed from the aborted sale of a 50 percent stake in the Nkomati mine in South Africa. Botswana's state-run BCL Mine pulled out of a 3 billion pula deal in October last year to buy a 50 percent...

  • *Profit rise driven by credit cards, investment banking, UK bank. *To create 1,000 new jobs in UK in operations and technology. LONDON, April 28- Barclays reported its first quarter profit more than doubled on Friday, but its investment bank missed out on a bond trading boom that saw earnings surge at its Wall Street rivals.

  • TOKYO, April 28- Japanese government bonds firmed on Friday after a two-year auction met strong demand, as investors awaited details of the Bank of Japan's regular bond-purchasing operations for next month. At the Ministry of Finance's sale of 2.2 trillion yen of two-year JGBs with a 0.10 percent coupon, some 97.2833 percent of the bids were accepted at the...

  • TOKYO, April 28- Japan's Nikkei share average ticked down on Friday as a relief rally driven by fading political worries in Europe fizzled, but the benchmark managed to score its largest weekly gain since early December. The Nikkei fell 0.3 percent to 19,196.74, off five-week highs of 19,289.43 touched on Wednesday. The broader Topix fell 0.3 percent to 1,531.80,...

  • Tokyo- based Honda, which makes the Accord sedan, Odyssey minivan and Asimo robot, said an unfavorable exchange rate and research spending that chipped away at profits were offset by lower recall expenses and cost cuts. Honda is the biggest customer of Japanese air-bag maker Takata Corp., which is recalling millions of defective air-bags whose inflators can...

  • BERLIN, April 28- German retail sales unexpectedly rose on the month in March and also jumped more strongly than predicted on the year, data showed on Friday, suggesting consumers contributed to a solid performance by Europe's biggest economy in the first quarter. The volatile indicator, which is often subject to revision, showed retail sales edged up by 0.1...