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TOP STORIES
Akzo Nobel reshapes business with 10 billion euro sale
AMSTERDAM - Akzo Nobel will sell its chemicals business in a10.1 billion euro ($12.6 billion) deal to buyers led by CarlyleGroup, the maker of Dulux paints says, making good on a promisemade as it fought off a takeover last year. (AKZONOBEL-DIVESTITURE/CARLYLE GROUP (UPDATE 3, PIX), xxxx by TobySterling and Bart H. Meijer, 659 words)
GSK buys out Novartis in $13 bln consumer healthcareshake-up
ZURICH - GlaxoSmithKline is buying Novartis out of theirconsumer healthcare joint venture for $13 billion, taking fullcontrol of products including Sensodyne toothpaste, Panadolheadache tablets, muscle gel Voltaren, and Nicotinell patches.(NOVARTIS-GSK/ (UPDATE 3, PIX), moved, by Michael Shields, 586words)
Deutsche Bank begins CEO search as it runs out of quickfixes - sources
FRANKFURT - Deutsche Bank has begun the search for a newchief executive, two people familiar with the matter say, asinvestors grow frustrated with the slow turnaround of theloss-making German lender. (DEUTSCHE BANK-CEO/ (UPDATE 2),expected 1400 GMT, by Andreas Framke and Tom Sims, 600 words)
U.S. seeks China trade moves on autos, financials, chips-sourceWASHINGTON/BEIJING - Top Trump administration officials areasking China to cut tariffs on imported cars, allow foreignmajority ownership of financial services firms and buy moreU.S.-made semiconductors in negotiations to avoid plans to slaptariffs on a host of Chinese goods and a potential trade war.(USA-TRADE/CHINA (WRAPUP 3, TV), moved, by David Lawder and RyanWoo, 892 words)
MARKETS
Risk assets jump on reports of U.S.-China trade talks
LONDON - Stock markets jump as reports that the UnitedStates and China were negotiating to avert a trade war whetinvestors' appetite for riskier assets. (GLOBAL-MARKETS/(WRAPUP 5, PIX), updating throughout the day, by Tom Pfeiffer ,517 words)
Euro falls as concerns about low inflation resurface
LONDON - The euro falls, as concerns about weak inflationand a slowdown in company borrowing raises questions about themomentum of the euro zone's economic expansion. (GLOBAL-FOREX/(UPDATE 4), updating throughout the day, by Tommy Wilkes and TomFinn, 599 words)
Oil holds above $70 as geopolitics eclipses supply outlook
LONDON - Oil rises, holding above $70 a barrel for a thirdday, supported by concerns that tensions in the Middle Eastcould lead to supply disruptions, although with global outputrising fast, investors remain cautious. (GLOBAL-OIL/ (CORRECTED,UPDATE 4, PIX), updating throughout the day, by Amanda Cooper,450 words)
ECONOMY
Euro zone sentiment falls in March, casting doubt on growthoutlook
BRUSSELS - Economic sentiment in the 19-countries sharingthe euro slipped for the third month in a row in March, datafrom the European Commission shows, suggesting economic growthin the bloc was not as steady as previously thought.(EUROZONE-ECONOMY/SENTIMENT (UPDATE 1), moved, by Robert-JanBartunek, 392 words)
Bank of England considered bank capital buffer hike butwaiting to watch risks
LONDON - The Bank of England says it considered this monthincreasing the amount of money banks must set aside to countertheir risks as lending in Britain grows, but it held off takinga decision until June. (BRITAIN-EU/BOE (UPDATE 1), moved, byWilliam Schomberg and Andrew MacAskill, 439 words)
COMPANIES
H&M Q1 profit plunges as it warns of more price cuts ahead
STOCKHOLM - H&M warns of further prices cuts to shift unsoldclothes after the Swedish fashion retailer reported a 61 percentdive in first-quarter profit that knocked its shares.(H&M-RESULTS/ (UPDATE 2, PIX), moved, by Anna Ringstrom andHelena Soderpalm, 347 words)
Amazon targets French grocery market with Monoprix deal
PARIS - U.S. e-commerce giant Amazon makes further inroadsinto food retail in France as Casino's upmarketMonoprix chain became the first local retailer to agree to sellgroceries via Amazon. (AMAZON-CASINO/FRANCE (UPDATE 2, PIX),moved, by Dominique Vidalon and Sudip Kar-Gupta, 483 words)
Rift deepens between Apple, India's telecom regulator overanti-spam app
NEW DELHI/SAN FRANCISCO - U.S. technology giant Apple Incand India's telecoms regulator are at loggerheads over thedevelopment of a government anti-spam mobile application, withuser privacy at the heart of a deepening rift between the twosides. (APPLE-INDIA/ (PIX), moved, by Aditya Kalra and StephenNellis, 727 words)
Facebook's Zuckerberg will not answer UK lawmakers'questions over data scandal
LONDON - Facebook boss Mark Zuckerberg will not answerquestions from British lawmakers over how millions of users'data got into the hands of political consultancy CambridgeAnalytica as the company faces further pressure on both sides ofthe Atlantic. (FACEBOOK-CAMBRIDGE ANALYTICA/BRITAIN (UPDATE 2,PIX), moved, 225 words)
GM says S.Korean unit will file for bankruptcy if no unionconcessions by April 20
SEOUL - General Motors says its loss-making South Koreanoperations will file for bankruptcy if its union does not agreeto cut labour costs by April 20, heaping pressure on workers andthe South Korean government to swiftly agree a rescue plan.(GM-SOUTHKOREA/UNIONS (UPDATE 3, PIX), moved, by Hyunjoo Jin,682 words)
Melrose makes 5-yr commitment to GKN's aerospace arm aftergovernment intervenes
LONDON - Melrose commits to a five-year ownership of GKN'sAerospace division if it succeeds in its hostile bid for theengineering company after the British government made a rareintervention in the high-profile takeover battle.(GKN-M&A/MELROSE (UPDATE 1, PIX), moved, by Kate Holton, 643words)
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