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UPDATE 1-Norway oil fund may have to sell shares in up to 75 firms in coal ban

*Norway coal sales to affect up to $5 bln investment. OSLO, May 28- Norway's $900 billion wealth fund may have to sell its stakes in up to 75 companies once new rules for limiting coal investments go into effect in a radical shift meant to lessen the impact of climate change, officials said on Thursday. Environmental group Greenpeace predicted the fund would have to...
Source: Reuters | By: Joachim Dagenborg and Alister Doyle
UPDATE 1-Avago to buy Broadcom in $37 bln chip deal

May 28- Avago Technologies Ltd said it would buy fellow chipmaker Broadcom Corp in a cash-and-stock deal valued at $37 billion. Avago, a maker of chips for the wireless and industrial markets, is offering Broadcom shareholders $17 billion in cash and Avago shares valued at $20 billion. Broadcom had a market value of $28.85 billion as of Tuesday's close, while...
Source: Reuters
China's Cinda offers record $7 bln in bad loans as economy slows

HANGZHOU, China, May 28- China Cinda Asset Management offered on Thursday nearly $7 billion in soured loans to investors in its largest ever sale, underscoring government pressure on banks and asset managers to settle China's debt pile as economic growth stalls. Its promotion comprised 35.3 billion yuan in outstanding principle and 8 billion yuan in interest...
Source: Reuters | By: Shu Zhang and Matthew Miller
Avago to buy Broadcom in $37 bln deal

Avago, which makes chips for the wireless and industrial markets, is offering Broadcom shareholders $17 billion in cash and Avago shares valued at $20 billion.
Source: Reuters
UPDATE 2-Russia's Sberbank keeps profit slump in check to outperform rivals

MOSCOW, May 28- Russia's largest lender Sberbank defied expectations for a sharper slump in first-quarter profit as strong commission income and its access to cheaper funding helped it to outperform rivals. Sberbank holds about 30 percent of Russia's total banking sector assets and Russians are used to trusting the bank with their savings since the Soviet...
Source: Reuters | By: Alexander Winning and Oksana Kobzeva
Abu Dhabi's Etihad Airways reports 52 pct jump in annual profit

DUBAI, May 28- Abu Dhabi's Etihad Airways, one of three Gulf airlines that U.S. rivals say benefit from state subsidies, reported a 52 percent rise in annual profit on higher passenger numbers and increased revenue from cargo and partner airlines. Unlike Dubai- based rival Emirates, Etihad has based part of its expansion on investing in other carriers and owns...
Source: Reuters | By: Matt Smith
UPDATE 1-Buyout group Cinven to buy France's Labco for $1.3 bln

May 28- European private equity firm Cinven said on Thursday it had agreed to buy French medical diagnostics provider Labco SA for 1.2 billion euros, marking the latest in a long line of recent healthcare deals. It comes two weeks after Labco abandoned plans for a 545- million-euro initial public offering on Euronext Paris, citing "volatility across global...
Source: Reuters | By: Freya Berry
UPDATE 1-Australia business investment tumbles as hurdles set too high

SYDNEY, May 28- Australian businesses investment suffered the largest fall in over six years last quarter while spending plans for the year ahead came in far below expectations, a deeply disappointing report that sent the local dollar reeling. Thursday's data from the Australian Bureau of Statistics reported investment fell 4.4 percent to A $35.9 billion in...
Source: Reuters | By: Wayne Cole
UPDATE 1-Norway's $900 bln sovereign fund told to reduce coal assets

OSLO, May 27- Norway's $900 billion sovereign wealth fund, the world's largest, should cut its exposure to the global coal industry and sell stakes in firms that focus on the sector, a key parliamentary committee said on Wednesday. Already under pressure from Norway's political establishment, the fund has been selling down its coal portfolio and said its...
Source: Reuters | By: Stine Jacobsen
TREASURIES-Long-dated yields dip on month-end buying, Greece fears

*Greece worries support Treasuries prices. Treasury yields edged lower on Wednesday on month-end buying and lingering concerns over Greece, while shorter-dated yields were mostly stable after the fears over Greece offset new supply. Concerns over Greece also spurred some demand for safe-haven Treasuries.
Source: Reuters | By: Sam Forgione