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  • Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will travel to Beijing for trade talks beginning on April 30, the White House said in a statement on Tuesday. It said Chinese Vice Premier Liu He, who will lead the Beijing talks for China, will also travel to Washington for more discussions starting on May 8. Earlier on Tuesday, Larry...

  • *Hyundai to suspend oldest plant in China amid overcapacity. Hyundai is now rolling out a full line-up of sport utility vehicles this year, after a consumer shift to the segment took a toll on its sedan-heavy line-up. In the quarter ended March, Hyundai raked in a better-than-expected 24 percent rise in net profit to 829 billion won, versus an eight-year low...

  • *Europe steadies, apart from Germany; North America grows. AMSTERDAM, April 24- Netherlands- based staffing company Randstad beat first-quarter earnings forecasts on Wednesday, helped by stabilising markets in Europe, apart from Germany, and growth in North America. Shares in the company, which competes with Switzerland's Adecco to be the largest global...

  • BERLIN, April 24- German business morale deteriorated in April, a survey showed on Wednesday, bucking expectations for a small rise and suggesting Europe's largest economy is losing momentum as trade tensions hamper its exporters. The Munich- based Ifo economic institute said its business climate index fell to 99.2 from an upwardly revised 99.7 in the...

  • OSLO, April 24- Hexagon Chief Executive Ola Rollen was back in court on Wednesday as Norwegian prosecutors sought to reverse his earlier acquittal over alleged insider share trading. One of Sweden's best known business leaders, Rollen has always denied any wrongdoing and continued to run Hexagon, which he has led since 2000, transforming it from a...

  • SHANGHAI, April 24- Chinese stocks rose slightly on Wednesday, recouping early losses, as an afternoon rally in technology shares offset concerns that the central bank could scale back the scope of further policy easing. **Around the region, MSCI's Asia ex- Japan stock index lost 0.27 percent, while Japan's Nikkei index closed down 0.27 percent.

  • *FTSE 100 down 0.2 pct. *FTSE 250 up 0.1 pct. April 24- Britain's FTSE 100 slipped as mining shares fell amid concern that China will reduce its economic stimulus, although gold producer Centamin boosted midcaps after a strong first quarter.

  • April 24- In a win for Netflix, Amazon and other internet streaming services, the Academy of Motion Picture Arts and Sciences has voted not to change its rules for winning an Oscar, Hollywood's top prize. The Academy's Board of Governors said on Tuesday that the existing rules, which say a movie has to run in a theater for only seven days in Los Angeles to qualify, had...

  • April 24- European shares pulled back from eight-month highs on Wednesday as worries over China putting policy-easing measures on hold offset upbeat earnings in the region from Credit Suisse and SAP. Germany's DAX eked out a gain ahead of the country's Ifo business climate data, due at 0800 GMT, while all other major regional bourses were in the red.

  • SINGAPORE, April 24- Industrial metals in Shanghai decreased on Wednesday following declines in London overnight and amid fears that China may ease its economic stimulus. In the Shanghai Futures Exchange, there's also some selloff pressure, mainly because of the possibility that China may scale back its monetary easing, "said analyst Helen Lau of Argonaut...

  • LONDON, April 24- Australia's dollar dropped one percent on Wednesday after weaker-than-expected inflation numbers heightened the prospect of an interest rate cut, while the U.S. dollar held firm within a whisker of the previous session's 22- month high. Data on Wednesday showed Australia's headline consumer price index was flat in the January-March...

  • SINGAPORE, April 24- Indonesia's state-owned energy company Pertamina has bought its first-ever cargo of U.S. crude oil, which is set to arrive at one of its refineries in June, a source with knowledge of the matter said on Wednesday. Indonesia is the latest Asian country to import U.S. crude as shale production growth enabled the United States to ship out more...

  • LONDON, April 24- Britain's finance minister Philip Hammond began the search for a new governor of the Bank of England on Wednesday, seeking someone to help steer the world's fifth-biggest economy, and its global financial centre, through the upheaval of Brexit. Mark Carney, a Canadian, twice extended his term in charge of the British central bank as the country...

  • ALGIERS, April 24- Four brothers from the Kouninef family- tycoons close to Algeria's former president Abdelaziz Bouteflika- have been placed in temporary custody by a judge, Ennahar TV reported on Wednesday. The four were arrested together with Algeria's wealthiest businessman, Issad Rebrab, on Monday as part of an anti-graft investigation.

  • PARIS, April 24- French catering company Elior said it had got a firm offer of 1.542 billion euros from private equity firm PAI Partners for its' Areas' concession catering business, helping to give a lift to Elior's shares. Sources had previously told Reuters that the sale of the Areas business, which was led by Morgan Stanley and BNP Paribas, could have been worth...

  • PARIS, April 24- Franco-Italian chipmaker STMicroelectronics cut its full-year spending target as it adjusts finances to the global shrinkage in demand from the smartphone and tech industries. STMicro said it now had a capital expenditure plan in the range of $1.1 billion to 1.2 billion in 2019, down from $1.3 billion initially. The Geneva- based company,...

  • PARIS, April 24- French industrial confidence fell in April to its lowest level in nearly three years although overall business sentiment held steady, a survey showed on Wednesday. The INSEE official statistics agency said its industrial confidence index fell to 101 points- the lowest since June 2016- from 103 in March, which was revised down from a preliminary...

  • PARIS, April 23- German carmaker BMW will buy cobalt, a key component for electric vehicle batteries, directly from mines in Australia and Morocco to ensure they are not produced by child labour, an executive said on Tuesday. Andreas Wendt, BMW board member responsible for procurement, told a briefing in Paris that the new supply of cobalt would be used in the...

  • TOKYO, April 24- For Japan's Zozo Inc, a brash online fashion retailer, 2018 marked a turning point, but not in the way that anyone had hoped. Adding to its woes, fashion brands that helped make the reputation of Zozo's billionaire founder and CEO Yusaku Maezawa became increasingly unhappy with what they saw as excessive discounting at its core Zozotown online mall.

  • TOKYO, April 24- Japan's Nikkei edged lower in choppy trade on Wednesday as investors stayed cautious before earnings results, but it remained around a 4-1/ 2- month high as sentiment was supported by a rally in U.S. stocks. Nissan Motor Co tumbled 4 percent after TV Tokyo reported on late Tuesday that it would announce a large cut to its earnings outlook for the...