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Oil prices dip on looming OPEC production rise

Crude oil prices fell in early trading on Friday as a looming rise in Middle East output may drag on the stronger markets seen in April.
Source: Reuters
UPDATE 1-Taiwan economy shrinks more than expected in Q1, more rate cuts seen

TAIPEI, April 29- Taiwan's trade-reliant economy shrank by a worse-than-expected 0.84 percent in the first quarter as exports tumbled, pressuring the new government to come up with stimulus measures and cementing views the central bank will cut interest rates again in coming months. The island's economy is clearly struggling to shake off last year's...
Source: Reuters | By: J.R. Wu and Jeanny Kao
Oil prices dip on looming OPEC production rise

*Large UAE oil field outages to end this month- Deutsche. SINGAPORE, April 29- Crude oil prices fell in early trading on Friday as a looming rise in Middle East output may drag on the stronger markets seen in April, although falling U.S. production and a weakening dollar are still offering support. Both contracts remained near 2016 highs of $48.19 and $46.14 per...
Source: Reuters | By: Henning Gloystein
UPDATE 3-Crude oil prices steady after hitting 2016 highs

*Venezuela electricity crisis a serious supply risk- analyst. LONDON/ SINGAPORE, April 28- Oil futures steadied after setting a 2016 high on Thursday as traders locked in profits, though analysts said supply disruptions, strong investor appetite and a weakening dollar could push prices higher soon. Brent crude futures were trading at $47.22 per barrel at 0942...
Source: Reuters | By: Ahmad Ghaddar and Henning Gloystein
PRECIOUS-Gold climbs to highest in a week after dollar slides on BOJ

SINGAPORE, April 28- Gold reversed losses to climb to its highest level in a week on Thursday, as the U.S. dollar slumped more than 2 percent against the yen after the Bank of Japan surprised markets by keeping monetary policy steady. At a two-day rate review ending on Thursday, the BOJ decided to maintain its pledge to increase base money at an annual pace of 80...
Source: Reuters | By: A. Ananthalakshmi
UPDATE 1-Crude oil prices take a breather after hitting 2016 highs

SINGAPORE, April 28- Crude futures pulled back from 2016 highs early on Thursday as traders locked in profits after April's sharp rally, but analysts said falling U.S. production and strong investor appetite could push prices higher soon. International Brent crude futures were trading at $46.92 per barrel at 0521 GMT, down 26 cents from their last settlement.
Source: Reuters | By: Henning Gloystein
PRECIOUS-Gold erases early losses after dollar slides on BOJ

SINGAPORE, April 28- Gold erased early losses to trade flat on Thursday, as the U.S. dollar slumped 2 percent against the yen after the Bank of Japan surprised markets by keeping monetary policy steady. At a two-day rate review ending on Thursday, the BOJ decided to maintain its pledge to increase base money at an annual pace of 80 trillion yen. Spot gold had ticked up...
Source: Reuters | By: A. Ananthalakshmi
UPDATE 1-Apple, ANZ Bank strike deal to bring Apple Pay to Australia

SYDNEY, April 28- Apple Inc expanded its Apple Pay digital wallet in Australia on Thursday after ANZ became the country's first bank to support the mobile payment service, executives at the pair told Reuters. Apple charges card providers for transactions via the service, which it introduced to Australia last year with American Express Co..
Source: Reuters | By: Matt Siegel and Swati Pandey
PRECIOUS-Gold dips as dollar rises; US rate hike in June remains a possibility

possibility@ SINGAPORE, April 28- Gold eased on Thursday, after the Federal Reserve kept the door open for an interest rate hike in June, although it indicated it was in no hurry to take such a step. Spot gold had eased 0.4 percent to $1,240.36 an ounce three sessions. "The key changes in the statement suggested that an acknowledgement of a soft patch in the first...
Source: Reuters | By: 0241 GMT. The metal has gained about 1 percent in the last
Crude oil prices take a breather after hitting 2016 highs

SINGAPORE, April 28- Crude futures pulled back from 2016 highs early on Thursday as traders locked in profits after April's sharp rally, but analysts said falling U.S. production and strong investor appetite could push prices higher. International Brent crude futures were trading at $47.02 per barrel at 0045 GMT, down 16 cents from their last settlement, and U.S.
Source: Reuters | By: Henning Gloystein