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  • FRANKFURT, Germany— German automaker Daimler AG says net profit doubled in the first three months of the year as sales were boosted by the new version of the company's Mercedes-Benz E-class sedan and its SUV lineup. Net profit rose to 2.80 billion euros from 1.40 billion euros in the year-earlier quarter. CEO Dieter Zetsche said in a statement Wednesday that...

  • BERLIN, April 26- Air passenger arrivals in the United States fell in the first quarter of the year, while arrivals in Canada and Mexico rose, according to data from travel analysis company ForwardKeys. Meanwhile, Canada and Mexico both saw arrivals increase 6.1 percent in the first quarter and bookings for arrival in the second quarter are up 15.7 and 19.8...

  • *Investors look beyond French vote, Italy now in focus. *Fitch downgrades Italy, S&P review on May 5. LONDON, April 25- Even before the final outcome of France's presidential race, investors are shifting focus to potentially bigger risks emanating from the euro zone's third biggest economy, Italy.

  • BANGKOK, April 26- Police in Thailand on Wednesday said they would discuss how to speed up 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 removing the videos. The ministry in turn contacted Facebook...

  • ZURICH, April 26- Credit Suisse will raise around 4 billion Swiss francs through a rights issue to catch up to European rivals on capital, ditching plans to float a minority stake in its Swiss banking unit. Keen to shore up its balance sheet, Switzerland's second-biggest bank had announced in 2015 plans to sell 20-30 percent of its highly profitable Swiss...

  • *MSCI Asia-ex Japan set for fifth day of gains. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 percent, hovering near their highest since June 2015. "We are carrying on the momentum from the overnight rally in the U.S. markets and financials are in the spotlight on expectations of good earnings," said Alex Wong, a fund manager at Ample Capital Ltd...

  • SINGAPORE, April 26- The dollar edged higher against the yen on Wednesday, while the euro held firm near a 5-1/ 2 month high due to receding concerns about the risks posed by the French presidential election. The dollar rose 0.3 percent to 111.38 yen, pulling further away from a five-month low of 108.13 yen set on April 17. Still, it remains to be see whether the dollar...

  • SEOUL, South Korea— Hyundai Motor Co. says its first-quarter profit fell 21 percent from a year earlier. Hyundai, along with its smaller affiliate Kia Motors, is the world's fifth-largest automaker. Hyundai and Kia recalled 1.4 million cars in U.S., Canada and South Korea due to possible engine failures.

  • PARIS, April 26- French industrial gases company Air Liquide reported that first-quarter revenues rose 38.5 percent from a year ago, as its 2016 takeover of Airgas boosted sales, and the company was confident of more profit growth in 2017.. Air Liquide, whose main rivals Linde and Praxair are planning to merge, said sales rose to 5.18 billion euros, lifted by the...

  • ZURICH, April 26- Credit Suisse will raise around 4 billion Swiss francs through a rights offering to catch up to European rivals on capital, ditching plans to float a minority stake in its Swiss banking unit. "We expect the capital increase will strengthen our pro forma look-through CET1 ratio to approximately 13.4 percent and our pro forma look-through tier 1...

  • CHICAGO, April 26- Tyson Foods Inc, the biggest U.S. chicken company, said on Wednesday it may raise wages again for workers at all of its poultry plants, a sign of an intensifying battle for employees in a tightening labor market. The increases would come after Arkansas- based Tyson boosted base wages for poultry workers by between 3 and 3.5 percent in November, said...

  • NEW YORK, April 26- As scores of investment bankers profit from the fee bonanza offered by Chinese companies hunting for deals in the United States, one group is conspicuously absent- Chinese banks. Industrial and Commercial Bank of China, Bank of China, Agricultural Bank of China, and China Construction Bank all have China's sovereign wealth fund, China...

  • *China's deleveraging can only go gradually- BNP Paribas IP. SHANGHAI, April 26- China stocks rose on Wednesday, continuing their recovery from recent declines, as renewed optimism about the U.S. economy and easing concerns about regulatory tightening on the mainland lifted sentiment in global equity markets. Both China's blue-chip CSI300 index and the...

  • TOKYO, April 26- Toshiba Corp, the troubled Japanese conglomerate, wants to replace auditor PricewaterhouseCoopers Aarata to resolve an impasse over full-year earnings and remain listed, two sources briefed on the matter said. Ernst& Young ShinNihon LLC, its auditor at the time, was fined for failing to spot irregularities. Toshiba and its auditor have been at...

  • The 50,000- ton carrier was towed from its dockyard just after 9 a.m. Wednesday following a ceremony in the northern port city of Dalian, where its predecessor, the Soviet-built Liaoning, also underwent extensive refurbishing before being commissioned in 2012, the Ministry of National Defense said. Vice chairman of China's Central Military Commission and...

  • SHANGHAI, April 26- China's yuan slipped against the U.S. dollar on Wednesday and fell to a record low against a basket of currencies after the central bank set a weaker midpoint, but tightening liquidity was expected to limit losses. The People's Bank of China set the midpoint rate at 6.8845 per dollar prior to the market open, weaker than the previous fix of 6.8833.

  • BANGKOK, April 26- Police in Thailand on Wednesday said they would discuss how to speed up taking down "inappropriate online content" after a man broadcast himself killing his 11- month-old daughter in a live video on Facebook. Thailand's Ministry of Digital Economy said it contacted Facebook on Tuesday afternoon about removing the videos.

  • SINGAPORE, April 26- Oil prices resumed their downward trend on Wednesday as data showed a rise in U.S. crude inventories and record supplies in the rest of the world cast doubt on OPEC's ability to cut supplies and tighten the market. West Texas Intermediate crude oil futures were trading down 13 cents, or 0.3 percent, at $49.43 per barrel at 0416 GMT, after gaining...

  • TOKYO, April 26- Japanese government bond prices were weighed down as an ebb in risk aversion sent Tokyo stocks to four-week highs and weakened investor demand for safe-haven debt. As part of its regular debt-buying program, the BOJ on Tuesday bought a total of 750 billion yen of JGBs ranging in maturities from five years to those exceeding 25 years.

  • SYDNEY, April 26- U.S. corn rose for a third straight session on Wednesday to hover near a three-week high as forecasts for rain stoked fears that farmers will switch to soybeans. The most active corn Chicago Board Of Trade Cv1 rose 0.27 percent to $3.72-3/ 4 a bushel by 0328 GMT, having gained 1.7 percent in the previous session when prices hit a high of $3.74-3/ 4 a...