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  • *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...

  • BEIJING, April 27- China's Defence Ministry said on Thursday it was resolutely opposed to any country selling arms to Taiwan. Ministry spokesman Yang Yujun made the comment at a monthly news briefing in Beijing when asked on the possible sale of F-35 fighter jets from the United States to Taiwan. Taiwan President Tsai Ing- wen said earlier on Thursday that Taiwan...

  • BEIJING, April 27- China's Defence Ministry said on Thursday it was resolutely opposed to any country selling arms to Taiwan. Ministry spokesman Yang Yujun made the comment at a monthly news briefing in Beijing when asked on the possible sale of F-35 fighter jets from the United States to Taiwan. Taiwan President Tsai Ing- wen said earlier on Thursday that Taiwan...

  • TOKYO— Nintendo Co. says its new Switch, a hybrid game machine that works as both a console and a tablet, is selling well, helping the Kyoto- based company behind the Super Mario and Pokemon franchises trim its quarterly losses. Nintendo said Thursday it has sold 2.74 million Switch machines and 5.46 million units of Switch software since sales began in March.

  • MELBOURNE, April 27- Australia's conservative government unveiled a radical plan on Thursday to restrict exports of liquefied natural gas at times when domestic shortages push up local prices, aiming to ease soaring energy costs for local manufacturers. Australia is the world's second-largest LNG exporter after Qatar, but local gas prices have rocketed...

  • BEIJING, April 27- Didi Chuxing, China's top ride-hailing firm, is set to raise up to $6 billion with a fresh injection of capital from investors including Softbank Group Corp, valuing the company at over $50 billion, sources said. The last valuation for Didi was $34 billion in August when it agreed to acquire Uber Technology Inc's China business following a...

  • *Q1 EBIT down 1 pct yr/yr at 341 mln euros. HELSINKI, April 27- Finnish telecom networks equipment maker Nokia reported a slowing rate of sales decline on Thursday, saying the global networks market was showing signs of recovery, particularly in North America and India. He said North America and India were the most encouraging regions, while Japan, South Korea and...

  • 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...

  • *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...

  • 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...

  • *Spot gold still targets $1,249- technicals. Spot gold was down 0.3 percent at $1,264.60 per ounce. But the market is still worried about whether policy would be carried out as the rate cut is too steep..., "a trader with a Shanghai- based bullion bank said.

  • 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...

  • German Chancellor Angela Merkel says that Britain will not retain the same rights and privileges it has now in the European Union when it leaves the bloc. She said that while Europe still envisions Britain as a close partner, it will be an outsider and as such "can and will not have the same rights or be in a better position than a member of the European Union.

  • SEOUL, South Korea— Kia Motors Co. says it will invest $1.1 billion in India to build its first plant in the world's fifth-largest auto market. Kia, South Korea's second-largest automaker, is part of Hyundai Motor Group, the world's fifth-largest auto company. Its bigger affiliate Hyundai makes 650,000 vehicles in India a year.

  • 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...

  • PARIS, April 27- Airbus will run out of orders for the current version of its A330 jet in 2019, but is confident of filling gaps in the production line for the rest of that year with further sales, finance director Harald Wilhelm said on Thursday. The European planemaker is adequately covered with orders to sustain its planned production rate of six aircraft per...

  • *Decision at 1145 GMT, press conference at 1230 GMT. FRANKFURT, April 27- The European Central Bank is set to keep its ultra-easy policy stance firmly in place on Thursday but may acknowledge better growth prospects, setting the stage for a small signal as early as June about an eventual reduction of stimulus. The euro hovered just below six-month highs against the...

  • *Decision at 1145 GMT, press conference at 1230 GMT. FRANKFURT, April 27- The European Central Bank is set to keep its ultra-easy policy stance firmly in place on Thursday but may acknowledge better growth prospects, setting the stage for a small signal as early as June about an eventual reduction of stimulus. The euro hovered just below six-month highs against the...

  • *Decision at 1145 GMT, press conference at 1230 GMT. FRANKFURT, April 27- The European Central Bank is set to keep its ultra-easy policy stance firmly in place on Thursday but may acknowledge better growth prospects, setting the stage for a small signal as early as June about an eventual reduction of stimulus. The euro hovered just below six-month highs against the...