S&P's downgrade overestimated China's difficulties - China vice finmin

BEIJING, April 1 (Reuters) - Standard & Poor's overestimated difficulties facing China's economy when the ratings agency downgraded the country's outlook, China's vice finance minister said on Friday.


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UPDATE 1-Delta Lloyd shareholder seeks answers over Fubon deal

AMSTERDAM, April 1 (Reuters) - Delta Lloyd, the Dutch insurer that narrowly won shareholder approval for a 650 million euro ($740 million) rights issue last month, is facing questions over a last-minute deal it struck with Taiwan investor Fubon Financial to avoid losing the vote.











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Indian shares retreat from 3-month high; earnings in focus

April 1 (Reuters) - Indian shares fell on Friday, a day after hitting a near three-month high, as investors braced for yet another weak quarter for earnings, and after weak business sentiment data from Japan rekindled global growth worries.


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Spain's Santander to close hundreds of domestic branches - source

MADRID, April 1 (Reuters) - Spain's largest bank Santander plans to close around 450 small domestic branches as part of an overhaul in response to rising regulatory costs and a push into digital services, a source close to negotiations with unions over the closures said.











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China stocks shed losses, encouraged by March factory surveys

SHANGHAI, April 1 (Reuters) - China stocks recovered from early losses and ended Friday roughly flat, as investors weighed the impact from Standard & Poor's downgrade of China's credit outlook and a surprise pick-up in March manufacturing activity.











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BRIEF-TK Development FY operating result swings to loss DKK 183 million

* 2015/16 net revenue 327.8 million Danish crowns ($50.09 million) versus 854.7 million crowns year ago


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China's money rates mixed, end-quarter cash demand surges

SHANGHAI, April 1 (Reuters) - China's primary money rates were mixed for the week on Friday as end of quarter cash demand pushed up the 14-day and one-month rates, but strong central bank cash injections kept the benchmark seven-day rate in check. The volume-weighted average rate of the benchmark seven-day repo traded in the interbank market, considered the best indicator of general liquidity in China, was 2.2786 percent, down one basis point (bps) on the week. The one-day or overnight rate


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