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  • CAIRO, April 22- Egypt expects its borrowing needs to reach 820.7 billion Egyptian pounds in fiscal year 2019/ 20, a 26 percent increase from the previous year, the draft budget seen by Reuters showed. Egypt expects interest on debt to climb 23.8 percent to 541.7 billion pounds from 437.4 billion pounds a year earlier. Egypt also aimed to review the general rate of...

  • *Incident comes as Tesla is trying to drive sales in China. SHANGHAI, April 22- Video of a parked Tesla Inc Model S exploding and a Wall Street downgrade of the electric carmaker's stock pushed shares down 4 percent on Monday, as it prepared to issue results for a troubled first quarter. Reuters was not immediately able to verify the origins of the video, which Weibo...

  • YANGON, April 21- Myanmar's Supreme Court will rule on Tuesday on an appeal of two Reuters journalists imprisoned for breaking a colonial-era official secrets law, in a case that has raised questions about the country's transition to democracy. The Supreme Court, the highest court in Myanmar, listed the journalists' case on its website and Facebook page on...

  • WASHINGTON, April 22- President Donald Trump said on Monday that businessman Herman Cain had withdrawn his name from consideration for a seat on the Federal Reserve Board. "My friend Herman Cain, a truly wonderful man, has asked me not to nominate him for a seat on the Federal Reserve Board. I will respect his wishes.

  • FDA SAYS HAS DETERMINED THAT MEASLES, MUMPS AND RUBELLA VACCINE IS BOTH SAFE AND EFFECTIVE IN PREVENTING THESE DISEASES.

  • WTI HITS SESSION HIGH OF $65.90 A BARREL, HIGHEST SINCE OCT. 31.

  • *Kimberly Clark touches 2- yr high as results beat estimates. April 22- U.S. stocks were trading flat on Monday, as investors were wary of making big bets ahead of a barrage of reports from major companies this week. We have major earnings coming up and some traders are waiting to see how that goes before making any big moves, "said Everett Millman, precious metals...

  • April 22- Most Latin American stocks dipped in lackluster trade on Monday, in line with world stocks, while Brazil's real rose slightly as investors were encouraged that congress will take up a pension overhaul, while Colombia's peso rose as surging oil prices supported the crude exporter. Returning from Easter extended holidays, stocks in Mexico were little...

  • NEW YORK, April 22- Crude oil jumped almost 3% on Monday after the United States said it will tighten a clamp-down on Iranian oil exports in May while U.S. equities were little changed as Wall Street braced for corporate results in a busy earnings week. Brent crude, the global benchmark, rose as much as 3.3 percent a barrel and was last up $1.98 to $73.95.

  • NEW YORK, April 22- The Treasury yield curve steepened on Monday, the start of a busy week in the financial market in which $237 billion of new debt will be auctioned off and more than a quarter of S&P 500 companies will report first-quarter earnings. Government bond auction sizes have ballooned since the start of 2018 as the United States takes on debt to pay for...

  • The U.S. Centers for Disease Control and Prevention said it had recorded 626 cases of the highly contagious and sometimes deadly disease in 22 states as of April 19, the highest rate of infection in five years. Iowa and Tennessee were the two states that joined the CDC list with new measles cases. More than half the cases recorded this year occurred in New York City,...

  • *Existing home sales fall 4.9 percent in March. WASHINGTON, April 22- U.S. home sales fell more than expected in March, pointing to continued weakness in the housing market despite declining mortgage rates and slowing house price gains. The sharp drop in home sales reported by the National Association of Realtors on Monday came ahead of the busy spring selling...

  • *Kimberly Clark touches 2- yr high as results beat estimates. April 22- U.S. stocks pulled back slightly on Monday as investors awaited a barrage of major earnings reports this week, the busiest this earnings season, while a jump in energy stocks kept losses in check. "Q1 earnings have largely been a pleasant surprise thus far, but have not ignited investor...

  • April 22- The U.S. Centers for Disease Control and Prevention on Monday reported https://www.cdc.gov/measles/cases-outbreaks. html 71 more cases of measles in the week since April 12. From Jan. 1 to April 19, 626 individual cases of measles have been confirmed in 22 states, the second-highest number of cases reported in the United States since the disease was...

  • CDC- IN THE COMING WEEKS, 2019 CONFIRMED MEASLES CASE NUMBERS IN U.S.

  • DUBAI, April 22- Tehran is prepared for a U.S. decision to end waivers granted to buyers of Iranian crude, an Iranian oil ministry source said on Monday, as the Revolutionary Guards repeated their threat to close the strategic Strait of Hormuz, Iranian media reported. Separately, the commander of the Revolutionary Guards' navy said Iran would close the Strait if...

  • WASHINGTON, April 22- U.S. home sales fell more than expected in March, pointing to continued weakness in the housing market despite declining mortgage rates and slowing house price gains. The National Association of Realtors said on Monday existing home sales dropped 4.9 percent to a seasonally adjusted annual rate of 5.21 million units last month.

  • TORONTO, April 22- The Canadian dollar strengthened against its U.S. counterpart on Monday as oil prices jumped to fresh multi-month highs, while investors awaited an interest rate decision this week from the Bank of Canada. The price of oil, one of Canada's major exports, rose to its highest since October as the United States was set to announce a further...

  • *At 9:30 a.m. ET, the Toronto Stock Exchange's S&P/TSX Composite index was down 6.62 points, or 0.04 percent, at 16,606.19.

  • WASHINGTON, April 22- The United States on Monday said it will eliminate in May all waivers granted to eight economies allowing them to buy Iranian oil without facing U.S. sanctions, as it ratcheted up pressure to choke off all oil revenues of the Islamic Republic. The decision, taken by President Donald Trump, has sent oil prices to their highest in 2019, even...