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  • The S&P 500 closed slightly lower last week, ending its three-week winning streak, but hovered about 1% away from a record high hit in September on U.S.- China trade hopes and a largely upbeat earnings season. Also helping was a surge in oil prices, with the United States set to announce a further clampdown on Iranian oil exports, tightening global supplies.

  • TOKYO, April 22- Japanese prosecutors indicted Carlos Ghosn on Monday on another charge of aggravated breach of trust, a Tokyo court said, the fourth charge against the former Nissan Motor Co Ltd chairman, which his lawyers met immediately with a bail request. Ghosn had been out on bail when authorities arrested him for a fourth time on April 4 on suspicion he...

  • CAIRO, April 22- Egypt expects its borrowing needs to reach 820.7 billion Egyptian pounds in fiscal 2019/ 20, a 26 percent increase from the previous year, the draft budget seen by Reuters showed. Egypt expects to issue 435.1 billion pounds worth of treasury bills, against 350.8 budgeted for the 2018/ 2019 fiscal year, a 24 percent increase, the draft showed.

  • April 22- Tesla Inc will focus on its autonomous driving system when it hosts its investor day on Monday. Elon Musk, the electric vehicle company's chief executive officer, has touted the company's self-driving capabilities over the years, highlighting its semi-autonomous Autopilot system. The company's investor day starts at 2 p.m. ET.

  • BEIJING, April 22- China should fine-tune monetary policy in a pre-emptive way based on economic growth and price changes, the official Xinhua News Agency said on Monday, citing a top-level meeting chaired by President Xi Jinping. The report was the fourth from a top-ranking policymaking body in China in less than two weeks, and comes as financial markets debate...

  • CAIRO, April 22- Egypt expects its borrowing needs in fiscal year 2019/ 20 to reach 820.7 billion Egyptian pounds, a 26 percent increase from the previous fiscal year, the draft budget seen by Reuters showed.

  • DUBAI, April 22- The United States will fail to cut Iranian oil exports to zero, even if Washington ends waivers granted to buyers of Iranian crude, the semi-official Tasnim news agency on Monday quoted an unnamed Iranian oil ministry source as saying. The United States is expected to announce on Monday that buyers of Iranian oil need to end imports soon or face...

  • Spot gold was up 0.3 percent at $1,278.74 per ounce, as of 0927 GMT, having touched $1,270.63 in the previous session- its lowest since Dec. 27, 2018. Asian shares slipped, weighed down by underperforming Chinese stocks, while oil prices rallied on news the United States is likely to ask all importers of Iranian oil to end their purchases or face sanctions.

  • BUENOS AIRES, April 22- Argentine President Mauricio Macri rode to power in 2015 promising to bolster the farming sector and cut back taxes that had stymied exports. Argentina's farming sector, which brings in more than half of the export dollars in South America's second-biggest economy, is a key barometer for Macri, who has sold himself as a champion of...

  • *Orders from China drop 13.7 pct y/y; U.S. down 9.7 pct. TAIPEI, April 22- Taiwan's export orders fell for the fifth straight month in March, and at a much sharper pace than expected, as the island's manufacturers kept struggling with a drop in global tech demand. Taiwan's hi-tech factories are major suppliers for global tech heavyweights such as Apple Inc and...

  • *Incident comes as Tesla is trying to drive sales in China. SHANGHAI, April 22- U.S. electric vehicle maker Tesla Inc said it has sent a team to investigate a video on Chinese social media which showed a parked Tesla Model S car exploding, the latest in a string of fire incidents involving Tesla's cars. Reuters was not immediately able to verify the origins of the...

  • *Prosecutors: Ghosn caused $5 mln in losses to Nissan. TOKYO, April 22- Japanese prosecutors indicted Carlos Ghosn on Monday on another charge of aggravated breach of trust, a Tokyo court said, the fourth charge against the former Nissan Motor Co Ltd chairman, which his lawyers met immediately with a bail request. Ghosn had been out on bail when authorities arrested...

  • BEIJING, April 22- China should fine-tune monetary policy in a pre-emptive way, based on economic growth and price changes, the official Xinhua News Agency said on Monday, citing a top-level meeting chaired by President Xi Jinping.

  • Spot gold was up 0.3 percent at $1,278.64 per ounce, as of 0843 GMT, having touched $1,270.63 in the previous session- its lowest since Dec. 27, 2018. Spot gold may bounce to $1,284 per ounce, having stabilized around a support at $1,274, Reuters technical analyst Wang Tao said. Also adding to the metal's gain was a rally in oil prices due to mounting tensions between...

  • *Prosecutors: Ghosn caused $5 mln in losses to Nissan. TOKYO, April 22- Japanese prosecutors indicted Carlos Ghosn on Monday on another charge of aggravated breach of trust, a Tokyo court said, the fourth charge against the former Nissan Motor Co Ltd chairman which his lawyers met immediately with a bail request. Ghosn had been out on bail when authorities arrested...

  • SINGAPORE, April 22- Aluminum futures on the. Shanghai Futures Exchange rose to their highest. The most active aluminum contract on ShFE jumped to as high as 14,200 yuan a tonne, the highest since Oct. 31, after data on Friday showed that aluminum stocks in warehouses tracked by ShFE dropped to 665,067 tonnes, their lowest since November 2017.

  • Refining margins, also known as cracks, for gasoil with 10 parts per million sulphur content dropped as low as $13.09 a barrel over Dubai crude during Asian trading hours, the lowest since Dec. 28, Refinitiv Eikon data showed. The cracks for the Singapore benchmark gasoil grade, which have shed about 15 percent over the last two months, were at $13.35 a barrel on...

  • KIEV, April 22- Ukraine entered uncharted political waters on Monday after near final results showed a comedian with no political experience and few detailed policies had dramatically up-ended the status quo and won the country's presidential election by a landslide. Zelenskiy, who plays a fictitious president in a popular TV series, is now poised to take...

  • *Following indictment, Ghosn lawyers file request for bail. TOKYO, April 22- Japanese prosecutors indicted former Nissan Motor Co Chairman Carlos Ghosn on Monday on a charge of aggravated breach of trust, a Tokyo court said, bringing a fourth charge against him on the day his detention period was set to expire. Ghosn's lawyers filed a request for bail shortly after...

  • TOKYO, April 22- Japanese government bond prices edged higher in thin trade on Monday as a decline in U.S. equity futures dampened risk appetite, boosting demand for debt. Benchmark 10- year JGB futures ticked up 0.03 points to 152.55, with a trading volume of just 13,009 lots, the lowest since Oct. 22. S&P 500 e-mini futures were last down 0.2 percent as U.S. markets...