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  • ZURICH, April 25- The Swiss National Bank reported a first-quarter profit of 30.7 billion Swiss francs on Thursday, highlighting the volatility its massive balance sheet creates for the central bank's earnings. Its made a profit on foreign currency positions of 29.3 billion, recorded a valuation gain of 0.9 billion on gold holdings and generated profit on...

  • HELSINKI, April 25- Finnish telecom network equipment maker Nokia reported a surprise quarterly loss on Thursday, citing hard competition in its core networks business. Nokia repeated its January forecasts for "flattish" market in 2019, and for its 2019 earnings per share of 0.25- 0.29 euros, and 2020 EPS of 0.37- 0.42 euros. The networks industry- dominated by...

  • PARIS, April 25- French carmaker PSA Group said first-quarter revenue fell 1.1 percent, as sales continued to decline in China and were also impacted by the Peugeot maker's withdrawal from Iran.

  • *BOJ keeps interest rate targets unchanged. TOKYO, April 25- The Bank of Japan told investors for the first time on Thursday it will keep interest rates at super-low levels for at least one more year, seeking to dispel uncertainty over its commitment to ultra-loose policies as the economy comes under fresh pressure. The move puts the BOJ in line with the Federal...

  • *Sanctions have cost Iran $10 bln in oil revenue- U.S. official. SINGAPORE, April 25- Oil prices were torn on Thursday, supported by tightening sanctions against Iran announced this week and pressured by a surge in U.S. supply and concerns of an economic slowdown. Crude futures rose to 2019 highs earlier in the week after the United States said on Monday it would end...

  • OSLO, April 25- The grounding of Norwegian Air's fleet of Boeing 737 MAX aircraft may scupper the carrier's plan to return to profitability this year, it said while posting a widening first-quarter loss on Thursday. "Due to the uncertainty related to the MAX grounding, the company sees increased risk related to the target of a positive net profit in 2019,"...

  • BEIJING, April 25- China's central bank has no intent to tighten or relax monetary policy, a vice governor said on Thursday, as the market debates how much more support Beijing will give the economy after surprisingly resilient data was released last week. The People's Bank of China's use of reverse repos or a medium-term lending facility does not signal that it...

  • "We're not looking for a great first quarter for the group," said Blake Fernandez, senior research analyst with Piper Jaffray& Co's Simmons Energy. Still, shares of both companies have performed well in recent months amid extensive efforts to boost investment in the Permian region of west Texas and New Mexico, where heavy production has driven U.S. crude output to...

  • SHANGHAI, April 25- China's yuan eased to a one-month low against a broadly stronger U.S. dollar on Thursday before recovering partially as major state-run Chinese banks sold dollars. The currency did not react to comments from a vice governor at the central bank saying the People's Bank of China has no intent to tighten or relax monetary policy.

  • BEIJING, April 25- Saudi Arabia's energy minister Khalid al-Falih told Reuters on Thursday that China has "not yet" asked for more crude oil after the United States decided to end sanction waivers on Iranian oil imports that had permitted Beijing to keep buying from Tehran. Al-Falih spoke briefly on the sidelines of a visit to Beijing for a summit on China's Belt...

  • HONG KONG, April 25- Chinese stocks dropped on Thursday as officials warned of protracted pressure on economic growth, casting a shadow over hopes for a sustained and strong recovery. **Chinese H-shares listed in Hong Kong fell 0.5 percent, while the Hang Seng Index was down 0.1 percent at 29,786.01 points. **The Chinese leadership is "keenly aware that China's...

  • April 25- Gold prices edged up on Thursday as weak data from Germany and a dip in equities raised flags about the pace of global economic growth, while a firm dollar curbed further gains for the metal. German business morale deteriorated in April, bucking expectations for a small improvement, as trade tensions hurt the industrial engine of Europe's largest...

  • *BOJ keeps interest rate targets unchanged. *BOJ clarifies forward guidance on interest rates. TOKYO, April 25- The Bank of Japan kept monetary policy steady on Thursday and pledged to keep interest rates "extremely low" at least through early 2020, giving a specific timeframe for the first time on how long borrowing costs will remain super-low.

  • *Central bank meetings in Sweden, Turkey in focus Thursday. TOKYO, April 25- The euro steadied against the dollar on Thursday after renewed worries about a growth slowdown in Germany drove it to a 22- month low overnight, while the yen showed little reaction to a Bank of Japan policy decision. "The market reaction was barely noticeable," said Yukio Ishizuki, senior...

  • BEIJING, April 25- China aims to make the Belt and Road initiative sustainable and prevent debt risks, its finance minister said on Thursday, seeking to allay criticism that the infrastructure plan to boost trade and investment creates a heavy burden for some nations. Finance minister Liu Kun, speaking at a forum to kick off a three-day Belt and Road summit in...

  • STOCKHOLM, April 25- Swedish carmaker Volvo's quarterly profit fell by 19.3 percent, the company said on Thursday, blaming pricing pressure and higher tariffs arising from the trade war between the United States and China. Volvo's fortunes have been revived since it was bought by China's Geely in 2013 but have come under renewed threat with the car sector...

  • BEIJING, April 25- China's central bank has no intent to tighten or relax monetary policy, a vice governor said on Thursday, adding that its use of reverse repos or a medium-term lending facility does not signal it has a loosening bias. Liu Guoqiang, a People's Bank of China vice-governor, made the above comments at a briefing in Beijing. China's prudent monetary...

  • DOLLAR/YEN, JAPAN'S NIKKEI LITTLE CHANGED AFTER BOJ'S POLICY TWEAKS.

  • TOKYO, April 25- Panasonic Corp may upgrade one of its battery plants in Japan to produce advanced-format battery cells for Tesla Inc if needed by the U.S. electric vehicle maker, a person familiar with the matter told Reuters on Thursday. Panasonic, currently the exclusive battery cell supplier for Tesla, produces cells for the EV maker at their joint plant in the...

  • *Hitachi Construction jumps on hopes of strong mining business. TOKYO, April 25- Japan's Nikkei edged higher on Thursday morning in choppy trade as investors looked to profit guidance from corporate earnings and awaited a Bank of Japan policy decision. "Companies are announcing overly conservative earnings forecasts based on their modest dollar-yen...