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  • WASHINGTON, April 24- The U.S. International Trade Commission said it determined on Wednesday that American steel wheel manufacturers were injured by dumped and unfairly subsidized truck wheels from China, locking in steep import duties on those products for five years. The ITC determination follows the Commerce Department's decision in March to impose...

  • PARIS, April 24- Michelin reported higher first quarter sales, helped by its recent acquisitions of the Camso and Fenner businesses, and the French tyre maker stuck to its 2019 financial guidance for a rise in annual, underlying profits. Sales rose 11.3 percent from a year earlier to 5.81 billion euros, broadly in line with forecasts by InFront Data which had an...

  • *Stocks on Wall Street rally, European shares decline broadly. NEW YORK, April 24- The euro fell against the U.S. dollar on Wednesday after data showing a surprise deterioration in business morale in Germany stoked fears of slowing global growth and weighed on a gauge of world equity markets. Signals that China has put broader stimulus on hold curbed demand for...

  • PARIS, April 24- Carrefour said revenue growth accelerated in the first quarter as hypermarket sales in its core French market turned slightly positive, suggesting the retailer was making progress with its recovery plan. Elsewhere in Europe, Spain, Italy and Belgium remained in negative territory while Brazil- Carrefour's second-biggest market after...

  • LONDON, April 24- The pound held at a two-month low on Wednesday, weighed down by a broad-based rally in the dollar and fading hopes of a breakthrough in Brexit talks between the British government and the opposition. British Prime Minister Theresa May told her top team of ministers on Tuesday that talks with the opposition Labour Party aimed at finding a way...

  • April 24- AT&T Inc's first-quarter revenue fell short of Wall Street estimates on Wednesday after it lost subscribers in nearly all of its main businesses except wireless, where it paid heavily to gain customers through price promotions. Total revenue for the quarter rose nearly 18 percent to $44.83 billion but fell short of expectations of $45.11 billion.

  • LONDON, April 24- Britain's finance minister Philip Hammond began the search for a new governor of the Bank of England to help steer the world's fifth-biggest economy, and its global financial center, through the upheaval of Brexit. But he has ruled out a further delay even though Britain's departure from the European Union remains up in the air.

  • LONDON, April 24- Britain's finance minister Philip Hammond began the search for a new governor of the Bank of England to help steer the world's fifth-biggest economy, and its global financial centre, through the upheaval of Brexit. But he has ruled out a further delay even though Britain's departure from the European Union remains up in the air.

  • *Gold to find support at $1,264, resistance at $1,284. Spot gold was up 0.2 percent at $1,274.24 per ounce as of 11:06 a.m. EDT, a day after hitting its lowest since Dec. 26 at $1,265.90. Spot gold could hover above support at $1,264 an ounce or bounce toward resistance at $1,284, said Reuters technical analyst Wang Tao.

  • April 24- Ford Motor Co said on Wednesday it will invest $500 million in U.S. electric vehicle startup Rivian Automotive LLC, joining Amazon.com Inc in backing the potential rival to Silicon Valley's Tesla Inc. Michigan- based Rivian, founded in 2009, has raised more than $1.5 billion from investors. A company spokesman declined to provide a valuation for the...

  • Revenue from its aerospace unit jumped 23 percent to $2.24 billion in the first quarter ended March 31, as Gulfstream deliveries, an important metric for investors, increased to 34, from 26 a year earlier. Revenue at the company's IT unit, which serves the Department of Defense, surged 91 percent to $2.17 billion. Shares of the Falls Church, Virginia- based company...

  • Iran sanctions buoyed prices this week. NEW YORK, April 24- Oil prices steadied on Wednesday near six-month highs after data that showed U.S. stockpiles rose to their highest since October 2017, countering fears of tight supply resulting from OPEC output cuts and U.S. sanctions on Venezuela and Iran. Brent crude futures fell 17 cents to $74.34 a barrel by...

  • April 24- Boeing Co on Wednesday abandoned its 2019 financial outlook, halted share buybacks and said lowered production due to the grounding of its fastest-selling 737 MAX jet after two fatal plane crashes in five months had cost it at least $1 billion so far. The world's largest planemaker is facing one of the biggest crises in its 103- year history following...

  • April 24- Latin American stock markets broadly fell on Wednesday, with sharp losses seen among Brazil's stocks as cheer on a pension reform proposal passing a congressional hurdle wore off, while currencies in Latin America were pressured by a firm dollar. The proposal to reform Brazil's giant pension system- much awaited among investors- cleared a...

  • April 24- U.S. crude oil stockpiles rose last week to their highest in about a year and a half as imports increased, even as refiners sharply ramped up output ahead of the summer driving season, the Energy Information Administration said on Wednesday. Crude inventories rose by 5.5 million barrels in the week to April 19, much more than analysts' expectations in a...

  • TORONTO, April 24- The Canadian dollar weakened against its U.S. counterpart on Wednesday to its lowest in nearly four months, as investors raised bets on a Bank of Canada interest rate cut this year after the central bank slashed its economic growth outlook. Canada's central bank held its benchmark interest rates steady at 1.75% as expected but removed wording...

  • SEATTLE, April 24- The return of the Boeing Co 737 MAX to service in the wake of two deadly crashes will be paced by global regulators and customers, the planemaker's top executive said on Wednesday.

  • PARIS, April 24- French insurer AXA said on Wednesday that it had provided insurance coverage for a few artworks from Notre-Dame Cathedral for a maximum amount of a few million euros. AXA also provides an insurance for civil responsibility to two of the contractors who were working on Notre-Dame's restoration. The French state's policy is to bear the cost of the...

  • OTTAWA, April 24- The Bank of Canada held interest rates steady on Wednesday as expected but removed wording around the need for future hikes and lowered its growth forecast for 2019, cementing the view that rises in borrowing costs are off the table for now. After raising rates five times since July 2017, the Bank of Canada has stayed on the sidelines since...

  • LONDON, April 24- Cyprus's first 30- year bond sale was overloaded with orders on Wednesday, with high demand for such long maturities showing just how much Europe's bond market is adjusting to expectations of persistently low interest rates and central bank stimulus. But it was Cyprus's day in the spotlight. The demand for 30- year debt from a country that...