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Wires

  • LONDON, April 25- Britain's biggest floor coverings retailer Carpetright forecast full-year profit at the lower end of market expectations as sales growth slowed in its fourth quarter, adding to evidence that UK consumer confidence is deteriorating. Carpetright, whose fortunes are closely tied to the strength of the housing market, said on Tuesday sales at...

  • PARIS, April 25- Luxury goods group LVMH and billionaire businessman Bernard Arnault announced on Tuesday a deal to simplify their relationship with Christian Dior by buying out its minority shareholders, a transaction aimed at boosting LVMH's earnings. "The corresponding transactions will allow the simplification of the structures, long requested by the...

  • *Dramatic policy changes in U.S., Europe have global impact. ZURICH/ LONDON, April 24- Rocked by a shakeup in the Western political order, companies are buying more insurance to protect themselves against the threat of rising protectionism and upheaval to their operations in emerging markets. Insurers say demand is being driven by uncertainty over the...

  • *Investors relieved as North Korea takes no new missile steps. TOKYO, April 25- Japan's Nikkei share average retook the 19,000 level on Tuesday for the first time in three weeks, buoyed by overseas gains as well as relief that North Korea did not conduct another missile test to mark a military anniversary. Investors had speculated that Pyongyang could launch...

  • Former Economy Minister Emmanuel Macron, who supports keeping France in the euro, came in first in the presidential vote with 23.9 percent, ahead of anti-euro, anti-EU nationalist Marine Le Pen, who got 21.4 percent. His election would remove a potential stumbling block for the 19- country eurozone: Le Pen's promise to take France out of the euro could have shaken...

  • STOCKHOLM, April 25- Sweden's Volvo posted a much bigger than expected rise in first-quarter core earnings on Tuesday as robust demand and years of cost trimming bolstered turnover and profitability at the truck maker. Gothenburg- based Volvo also raised its forecast for long-depressed demand for construction equipment in China, but left unchanged its...

  • ZURICH, April 25- Credit Suisse Chairman Urs Rohner faces his toughest shareholder meeting to date this week following an investor revolt over bonuses and losses totalling 5.65 billion Swiss francs since 2015.. Rohner, 57, is facing calls to stand down after six years as chairman, during which time the share price of Switzerland's second-biggest bank has more...

  • *Asia ex- Japan, Nikkei post gains as market euphoria persists. *Oil up but limited by worries OPEC won't extend production curbs. European stocks also look set for a strong start, with financial spreadbetter CMC Markets expecting Britain's FTSE 100 to open up 0.2 percent and Germany's DAX to start the day 0.3 percent higher.

  • ZURICH, April 25- Novartis's first-quarter core net income fell 4 percent, it said on Tuesday, as the Swiss drugmaker's spending to kick start sales at its eyecare unit Alcon and for its heart failure drug Entresto weighed on earnings. Core net income fell to $2.69 billion, Novartis said, beating the $2.67 billion average estimate of analysts in a Reuters poll.

  • The euro last traded at $1.0866, off Monday's peak of around $1.0940, its highest level since Nov. 10, after centrist Emmanuel Macron won the first round of the French presidential elections. The euro's sharp bounce on Monday was partly due to the triggering of stop-loss buying at $1.09, said Tan Teck Leng, forex analyst for UBS Wealth Management in Singapore.

  • TOKYO— Shares are higher in Asia, tracking the rally sparked by the outcome of France's vote. KEEPING SCORE: Japan's Nikkei 225 index climbed 0.9 percent to 19,053.80 and the Hang Seng in Hong Kong jumped 1.1 percent to 24,400.22. Overnight, a wave of relief boosted France's CAC 40 index by 4.1 percent, taking it briefly to its highest level since 2008. Germany's DAX...

  • ZURICH, April 25- ABB has sealed a collaboration agreement with International Business Machines Corp, the Swiss engineering company said on Tuesday, the latest step in its efforts to ramp up its presence in digital technology and the internet of things. "This powerful combination marks truly the next level of industrial technology, moving beyond current...

  • WASHINGTON, April 25- Indonesia will not need to repeat last year's major spending cut as the government's revenue projections look "on track" amid strengthening growth, Finance Minister Sri Mulyani Indrawati told Reuters. One of Indrawati's first acts when she returned to Jakarta as finance minister in July 2016 was to slash state spending by $10.2 billion to...

  • INDRAWATI SAYS OIL PRICES, INTEREST RATES COULD STILL AFFECT REVENUES.

  • INDONESIAN FINANCE MINISTER INDRAWATI SAYS REVENUES APPEAR "ON TRACK", WON'T NEED SPENDING CUTS THIS YEAR.

  • VIENNA, April 25- European Central Bank governing council member Ewald Nowotny said uncertainties remain about future U.S. measures such as trade deals and tax reform which are "worrying," according to an interview published on Tuesday. Nowotny, who is Austria's central bank governor, has just returned from IMF and World Bank meetings in Washington.

  • Now, at least two East Coast refiners, Phillips 66 and Delta Air Lines Inc's subsidiary Monroe Energy, are looking to move more crude by ship from Texas into the Philadelphia area. This option is more expensive than oil imported to the East Coast, typically from Nigeria. Analysts and traders expected that once the Dakota line came into service, East Coast and West...

  • WASHINGTON, April 25- Four years ago, two analysts who liked to swap notes on numbers they thought looked odd took a fateful step and tipped off U.S. regulators about a company that one of them had watched for months. Orthofix International NV caught one of the analysts' attention in 2012. The Texas- based medical device maker kept hitting ambitious earnings targets...

  • JAKARTA, April 25- Indonesia's crude palm oil output likely rose in March after falling for the previous three months, as better weather improved output, a Reuters survey showed. "CPO production in March started to show improvement due to good rain fall late in 2016 up to March," said Sahat Sinaga, executive director at the Vegetable Oil Industry Association.