Author: KMFSLLP

* Fund's target raised from $5 bln after strong investor interest

* Commonwealth Bank gets ratings downgrade on "widespread" risk

* Strong updates boost Ambu, Aker, Hannover RE (Adds details, updates prices)

* HK->Shanghai Connect daily quota used 3.3 pct, Shanghai->HK daily quota used 1.2 pct

* Purchase through cash and debt (Adds deal context, housing market data, Morsco statement)

PAHOA, Hawaii, May 7 (Reuters) - Jeremy Wilson knew it was risky renting a home in an area with the highest hazard level for lava flows in Hawaii, but it was all he could afford for his family of six.

SHANGHAI, May 7 (Reuters) - China stocks rebounded sharply on Monday amid optimism about robust April economic data despite lingering Sino-U.S. trade tensions, as investors bid up tech shares after regulators detailed rules that pave the way for domestic flotation of overseas-listed technology giants.

MILAN, May 7 (Reuters) - European shares were supported in early trading on Monday by some good earning updates and gains in Nestle after the Swiss-based food giant agreed a tie-up with Starbucks.

Standard Life Aberdeen co-chief faces relinquishing one FTSE 100 non-exec role

Emirates coup for Stansted highlights opportunities for second-tier airports