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  • LONDON, April 26- The pound on Friday was headed for its weakest week in a month, with a stronger dollar and growing concern about stagnant Brexit talks punishing the British currency. Sterling- stuck around $1.29- has struggled this week as lawmakers returned from an Easter recess with little sign of progress in Prime Minister Theresa May's efforts to convince...

  • SHANGHAI, April 26- Hong Kong stocks inched higher on Friday, but posted their biggest weekly drop in eight weeks, as investors feared that China may scale back its stimulus measures amid signs of economic stabilisation, while the Sino-U.S. trade conflict also weighed on sentiment. **China's central bank has no intent to tighten or relax monetary policy, a vice...

  • Spot gold was up 0.4 percent at $1,281.69 per ounce, as of 0813 GMT. Asian shares dropped after world stocks were weighed down by data from Germany and Asia, suggesting that the global economy was still under slowdown constraints. "Weak data indicates that the countries may have to undertake monetary easing measures, so that is a boost to gold prices," said Helen Lau,...

  • LONDON, April 26- The world's biggest advertising company WPP suffered a sharp drop in first-quarter underlying sales in North America as the loss of work from clients such as Ford took a toll on its most important market. WPP, being led by company veteran Mark Read following last year's departure of founder Martin Sorrell, said its U.S. performance was...

  • FRANKFURT, April 26- Deutsche Bank and Commerzbank on Friday offered differing accounts of who initiated merger talks, disclosing a rift between the two banks a day after their talks ended in failure. Commerzbank approached the larger Deutsche Bank about a potential merger, a senior Deutsche Bank executive said, an overture that kicked off six weeks of...

  • PARIS, April 26- French waste and water group Suez said it had enjoyed a strong start to the year and had experienced robust sales momentum across all divisions. Chief financial officer Jean-Marc Boursier said Suez's key European recycling division was growing and he expected to see higher volumes on a full-year basis. SPAIN ON HOLD AS ELECTIONS APPROACH.

  • BEJING, April 26- Russia's Rosneft does not see tougher U.S. sanctions on Iran resulting in a global oil deficit in the second and third quarters of 2019, the Russian oil giant's CEO Igor Sechin said on Friday. Asked whether Russia should gradually withdraw from a supply cut agreement with OPEC, Sechin pointed to U.S. Secretary of State Mike Pompeo's statement...

  • The biggest drags on the index were the basic resources sector and the oil and gas sector, weighed down by Britain's Glencore and France's Total, respectively. Chipmaker Intel Corp reduced its full-year revenue forecast, adding to concerns that an industry-wide slowdown could persist until the end of 2019. Meanwhile, France's Sanofi helped bolster the...

  • *SAS SPOKESWOMAN SAYS AIRLINE CANCELS ALL FLIGHTS POTENTIALLY AFFECTED BY PILOT STRIKE ON SATURDAY, ROUGHLY 70 PERCENT OF TOTAL FLIGHTS Further company coverage:.

  • BONN, April 26- Bayer shareholders vented their anger over its stock price slump on Friday as litigation risks mount from the German drugmaker's $63 billion takeover of seed maker Monsanto. Bayer's management, led by chief executive Werner Baumann, could see an embarrassing plunge in approval ratings, down from 97 percent at last year's AGM...

  • LONGKOU, China, April 26- During initial tests of their 8.1- metre tall reusable rocket, Chinese engineers from LinkSpace, a start-up led by China's youngest space entrepreneur, used a Kevlar tether to ensure its safe return. LinkSpace, one of China's 15- plus private rocket manufacturers, sees these short hops as the first steps towards a new business model:...

  • LONDON, April 26- The euro hovered near 22- month lows on Friday as traders waited to see whether U.S. The dollar index versus a basket of six major currencies inched lower to 98.101 after advancing to 98.322 on Thursday, its highest since May 2017. The euro rose 0.1 percent to $1.1140.

  • SINGAPORE, April 26- London copper on Friday rebounded from a one-month low touched in the previous session, buoyed as the U.S. dollar eased from a two-year high and supported by hopes of a U.S.- China trade deal. "We believe prices will witness limited upside in the coming weeks, unless a U.S.- China trade deal is finally struck, as concerns over global growth...

  • Speaking at a summit in Beijing on China's program to re-create the old Silk Road joining China with Asia and Europe, Hammond said the BRI must work for everyone for it to turn into a sustainable reality and offered British expertise in project financing.

  • *FTSE 100 down 0.5 pct; FTSE 250 down 0.2 pct. April 26- The FTSE 100 edged lower on Friday as Glencore fell on a U.S. The FTSE 100 was 0.5 percent lower and the FTSE 250 was down 0.2 percent by 0726 GMT.

  • KAWASAKI, Japan, April 26- Wherever Japan's royals go, there too goes Fumiko Shirataki: in summer heat and winter cold, to the ocean and to the mountains. Shirataki's passion for "okkake," as the pursuit is known in Japan, began in 1993, when she followed then- Masako Owada after her engagement to Crown Prince Naruhito but couldn't get good photos. "I wasn't used to...

  • *Tough UK market conditions blamed for profit fall. *CEO Ross McEwan to leave, Alison Rose tipped to succeed. LONDON/ EDINBURGH, April 26- Britain's Royal Bank of Scotland reported lower first quarter profit on Friday, hurt by intensifying competition and Brexit uncertainty, while its investment bank also registered poor returns.

  • *HK-> Shanghai Connect daily quota used -3.1 pct, Shanghai-> HK daily quota used 0.2 pct. *Trump says China's Xi will soon come to White House. SHANGHAI, April 26- China stocks fell on Friday, posting their steepest weekly decline since October 2018, as investors feared that China may scale back its stimulus measures amid signs of economic stabilisation, while Sino-U.S....

  • OSLO/ COPENHAGEN/ STOCKHOLM, April 26- SAS pilots in Norway, Sweden and Denmark went on strike on Friday as wage talks broke down, triggering queues at airports as the carrier cancelled around 70 percent of its flights. "This strike delays everything," said Mexican tourist Carmen Sosa, 50, who was stranded at Oslo's Gardermoen airport. "The strike could have been...

  • SYDNEY, April 26- Asian shares were headed for their biggest weekly loss in more than a month on Friday, while the dollar held around two-year highs on speculation that U.S. data later in the day will show its economy is outperforming the rest of the developed world. MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.2 percent for its third...