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  • LONDON, April 26- Sterling dipped versus the dollar and euro on Wednesday, struggling for direction ahead of first quarter growth numbers due on Friday in a week so far dominated by events in the euro zone. Besides the gross domestic product numbers due on Friday, investors are on the lookout for fresh news surrounding Britain's exit from the European Union.

  • *China official PMI seen at 51.6 in April, vs 51.8 in March. *Data due on April 30 at 0100 GMT. BEIJING, April 26- The pace of expansion in China's manufacturing sector likely slowed in April, a Reuters poll showed, as factory-gate price lost steam and authorities moved to tackle risks in the property market and credit growth.

  • MANILA, April 26- Southeast Asian countries will prioritise creating an Asia- focused trade pact this year that includes China, India and Japan, while trade issues with the United States will be put on the back burner, the Philippine trade minister said. President Barack Obama had promoted as a progressive deal that would prevent China from "writing the rules of...

  • MANILA, April 26- Southeast Asian countries will prioritize creating an Asia- focused trade pact this year that includes China, India and Japan, while trade issues with the United States will be put on the back burner, the Philippine trade minister said. President Barack Obama had promoted as a progressive deal that would prevent China from "writing the rules of...

  • BEIJING, April 26- Home prices in China's biggest cities would likely rebound if government curbs are relaxed, a senior official from the country's top economic planner was quoted as saying, suggesting authorities are in no mood to lift restrictions any time soon. A flurry of measures to cool soaring prices in the largest cities have produced "clear results", said...

  • BUCHAREST, Romania— Some 200 taxis and buses have parked outside the government offices in Bucharest, demanding that Uber and other online taxi services be outlawed. Some met Premier Sorin Grindeanu to present their demands. The Confederation of Licensed Transport Operators says it wants "online technology platforms that provide unauthorized taxi...

  • SHANGHAI, April 26- Hong Kong shares rose to their highest level in over a month Wednesday, in line with gains in most other Asian markets, supported by improved risk appetite and an overnight rally on Wall Street. A further rebound in mainland China stocks also buoyed investors' confidence. Financials led the Hong Kong market higher as fund managers bet that banks'...

  • FRANKFURT, April 26- German luxury car manufacturer Daimler AG raised its forecasts on Wednesday, predicting a significant rise in operating profit this year after a surge in sales of Mercedes-Benz luxury cars and sports utility vehicles, boosted by the launch of new models. In February Daimler had said it expected only slight growth in group EBIT, but record...

  • LONDON, April 26- The Australian and New Zealand dollars sank on Wednesday, leading moves among major developed currencies after Australian inflation data pointed to an economy under strain from mediocre growth in China. While global stock markets have bounced to new highs since the French vote, improved appetite for risk on currency markets seems largely...

  • MELBOURNE, April 26- London copper held near its highest in a week on Wednesday as the U.S. dollar lost ground against the euro in the wake of the French election, making commodities more affordable for buyers paying with other currencies. *SHFE COPPER: Shanghai Futures Exchange copper climbed 0.8 percent to 46,230 yuan a tonne. *China's steel futures climbed to...

  • DUBAI, April 26- The volume of international bond issues from the Gulf may hit a record high for a second straight year in 2017 as lower oil prices crimp the capacity of banks to finance billions of dollars of investments and state budget deficits. Issuance data shows the six-nation Gulf Cooperation Council's bond market is on track to become more important than...

  • PARIS, April 26- Jean-Luc Melenchon, the far left candidate who came fourth in the first round of France's. Melenchon's' France unbowed' political movement said in a statement that none of it members would vote for far-right leader Marine Le Pen on May 7. During the campaign he was a fierce critic of both former economy minister and investment banker Macron and of...

  • WASHINGTON— President Donald Trump is proposing tax cuts for individuals and businesses even as Washington struggles with mounting debt and the populist president tries to make good on promises to bring jobs and prosperity to the middle class. White House officials already said the top corporate tax rate would be reduced from 35 percent to 15 percent.

  • LONDON, April 26- European shares pulled back slightly from 20- month highs on Wednesday as some disappointing corporate results weighed, though shares of French luxury group Kering hit a record high after reporting strong sales. France's CAC 40 was little changed hovering close to the nine-year highs hit earlier this week. French luxury group Kering was the...

  • *Bank to raise around 4 bln Sfr in rights offering. ZURICH, April 26- Credit Suisse will raise around 4 billion Swiss francs from its shareholders, the embattled bank said on Wednesday, trying to close the gap in financial strength with rivals. "This was an option which-- we got very clear views from our shareholders-- was seen as the best option," the bank's finance chief...

  • HONG KONG, April 26- The housing authority of China's Xian city on Wednesday said it has suspended sales of projects by China Vanke Co Ltd, the country's second-biggest homebuilder by sales, citing property transactions that it suspects are "against regulation." The Xian House Management Bureau, in the statement on its website dated April 24, said it suspects...

  • LONDON, April 26- Euro zone government bond yields nudged up on Wednesday ahead of a keenly anticipated announcement on tax reform from U.S. The threat of a U.S. government shutdown this weekend also receded after Trump backed away from demanding Congress include funding for his planned border wall with Mexico in a spending bill. "Trump is stealing the show today,"...

  • *Thailand already monitors for lese majeste content online. BANGKOK, April 26- Police in Thailand on Wednesday said they would discuss how to expedite taking down "inappropriate online content" after a man broadcast himself killing his 11- month-old daughter in a live video on Facebook. Police had asked the Ministry of Digital Economy to contact Facebook about...

  • PHUKET, Thailand— The wife of a Thai man who hanged their 11- month-old daughter on Facebook Live said Wednesday her husband is the only person to blame, and she bears no anger toward the social media site or the users who shared the horrific video. "I am not angry at Facebook or blaming them on this," Chiranut Trairat, 21, told The Associated Press.

  • SEOUL, South Korea— Shares rose in Asia on Wednesday after hopes for tax cuts by President Donald Trump drove record-breaking gains overnight on Wall Street. Stocks in Taiwan, Singapore and Indonesia were also higher. ANALYST'S VIEWPOINT: "In spite of concerns that the Trump administration will be unable to deliver his fiscal stimulus promises any time soon,...