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Wires

  • 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...

  • COLOMBO, Sri Lanka— Long lines have formed at gasoline stations across Sri Lanka as workers of a state-run petroleum corporation went on strike to protest the government's move to lease out dozens of oil tanks to neighboring India. D.J. Rajakaruna, secretary of the Ceylon Petroleum Common Workers Union, says workers have stopped releasing fuel from 12 storage...

  • 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...

  • SYDNEY, April 24- Shanghai copper futures ended higher on Monday after see-sawing for most of the session as investors cut bets that Chinese demand was getting stronger and global tensions were easing. President Donald Trump prepared to call the leaders of China and Japan. *The most-traded copper contract on the Shanghai Futures Exchange gained 0.23 percent...

  • SHANGHAI, April 24- China stocks tumbled more than 1 percent on Monday in their worst day in four months amid signs that Beijing will tolerate further market volatility as regulators clamp down on shadow banking and speculative trading. Recent signs of stability in China's economy "have provided a good external environment and a window of opportunity to...

  • WASHINGTON— After months of delay, the Senate is expected to confirm former Georgia Gov. Sonny Perdue as agriculture secretary. The Senate plans to vote on his nomination Monday.

  • 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...

  • LONDON, April 24- Britain's ruling Conservative Party will intervene in the energy market if it wins an upcoming election in June because the current system is not working properly, Defence Secretary Michael Fallon said on Monday. Prime Minister Theresa May's Conservatives have indicated that they will include a cap on energy prices for domestic customers...

  • LONDON, April 24- Britain's ruling Conservative Party will intervene in the energy market if it wins an upcoming election in June because the current system is not working properly, Defence Secretary Michael Fallon said on Monday. Prime Minister Theresa May's Conservatives have indicated that they will include a cap on energy prices for domestic customers...

  • LONDON, April 24- Shares in British energy providers Centrica and SSE fell by as much as 3 percent on Monday after Prime Minister Theresa May's Conservative Party vowed to cap domestic prices if it retains power in an election in June. Minister Damian Green said on Sunday that the Conservative election manifesto would include measures on energy prices and the...

  • WASHINGTON— U.S. consumers filed nearly 300,000 complaints last year about their dealings with banks, credit card issuers and other financial services companies. Barry Loudermilk, R- Ga., said at a congressional hearing this month. "Once the damage is done to a company, it's hard to get your reputation back," responded Bill Himpler, executive vice president of the...

  • *OPEC looks set to extend output cuts through 2017. SINGAPORE, April 24- Oil prices recovered lost ground on Monday following big losses last week, driven by expectations that OPEC will extend a pledge to cut output to cover all of 2017, although a relentless rise in U.S. drilling capped gains. "WTI oil slipped back below the $50 per barrel level, amid concerns that the...

  • *Partial results put Macron and Le Pen ahead. *Defeated main rivals urge their supporters to stop Le Pen. *New surveys suggest Macron will easily beat Le Pen.

  • *Partial results put Macron and Le Pen ahead. *Defeated main rivals urge their supporters to stop Le Pen. *New surveys suggest Macron will easily beat Le Pen.

  • TOKYO, April 24- Brightening global growth prospects will allow Japan's central bank to keep monetary policy steady this week and invest time solving the puzzle of why inflation remains stubbornly low despite a tightening job market and robust economic recovery. And looming geopolitical risks, such as escalating tensions over North Korea, overshadow...

  • PARIS— Cement group LafargeHolcim says its chief executive officer is resigning, weeks after the multinational acknowledged that its branch in northern Syria had struck deals with armed groups so that it could keep business there running. The statement did not mention the internal investigation into the Syria branch, which the company in March...

  • TOKYO, April 24- Japan's Nikkei share average touched a near three-week high on Monday with broader investor risk sentiment improving after centrist Emmanuel Macron took a step towards the French presidency after the weekend's voting. The Nikkei ended Monday 1.4 percent higher at 18,875.88 after rising earlier to 18,910.33, its highest since April 5.

  • *CEO Eric Olsen resigns, effective July 15. *Internal investigation finds payments were made in Syria. ZURICH, April 24- LafargeHolcim Chief Executive Eric Olsen will leave the company in July, the world's largest cement maker said on Monday, in the wake of an investigation into allegations the company paid armed groups in Syria to keep a plant operating.

  • HONG KONG, April 24- The chances of MSCI Inc adding China-listed shares to its global index have risen significantly since it proposed to cut the number of companies to include, investors say, but capital controls and market access snags may still pose a hurdle. New York- based index provider MSCI will announce in June if it will add yuan-denominated Chinese...