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  • BEIJING, March 5- China aims to keep its economy growing by at least 6.5 percent over the next five years while pushing hard to create more jobs and restructure inefficient industries, Premier Li Keqiang said on Saturday. Growth of 6.5 percent would mark a ripping pace for most countries but would still be the slowest in China in a quarter century as world's No. 2...

  • MEXICO CITY, March 4- Workers at ArcelorMittal's steel plant in western Mexico went on strike on Friday, the company and the national union said, as the industry grapples with a plunge in prices. More than 3,000 workers have gone on strike over job cuts and stopped operations at the plant in Lazaro Cardenas, Michoacan, Ricardo Torres, the head of the local section 271...

  • RIO DE JANEIRO, March 4- Brazil's state-run oil company Petroleo Brasileiro SA said on Friday it plans to sell its rights to 104 onshore oil and gas concessions, part of efforts to raise cash and focus increasingly scarce capital on more profitable offshore assets. Some of the small oil companies already working in Brazil are from the regions where Petrobras...

  • WILMINGTON, Del, March 4- Small U.S. oil-and-gas producer Quicksilver Resources Inc began making its case in court on Friday for using its bankruptcy to reject a pipeline contract, a move that trade groups warned could undermine the $500 billion midstream industry. "We're here today on a white-hot issue," Sarah Schultz, a lawyer for Quicksilver, said at Friday's...

  • CHICAGO, March 4- A former Watergate prosecutor is due to release a report on a court-ordered fraud investigation into a series of corporate deals involving Caesars Entertainment Corp that could break a deadlock in one of the biggest fights on Wall Street over the bankruptcy of Caesars' casino operating unit, Caesars Entertainment Operating Co Inc..

  • WILMINGTON, Del, March 4- Small U.S. oil-and-gas producer Quicksilver Resources Inc began making its case in court on Friday for using its bankruptcy to reject a pipeline contract, a move that trade groups warned could undermine the $500 billion midstream industry. "We're here today on a white-hot issue," Sarah Schultz, a lawyer for Quicksilver, said at Friday's...

  • GABORONE, March 4- Botswana's mining industry faces further job losses as it reels from the global slump in commodities, with copper miner BCL set to shed up to a third of its workforce and Gem Diamond also planning lay offs, the mines department said on Friday. London- listed Gem Diamond expects diamond production at its Ghaghoo mine in central Botswana to fall by...

  • *China kicks off annual parliament session. BEIJING, March 4- China commences its once-a-year parliamentary session this weekend to map out plans for dealing with a wobbling economy and worries the ruling Communist Party is losing its credibility as a competent manager. China aims to lay off 5-6 million state workers over the next two to three years, two...

  • *Australia's youngest billionaire Nathan Tinkler goes bust. SYDNEY, March 3- Rags-to-riches coal baron Nathan Tinkler, who rode the mining boom to become Australia's youngest billionaire before losing it all when coal prices collapsed, has been declared legally bankrupt after failing to pay off a private jet. The bankruptcy order comes 10 years after the 40-...

  • LONDON, March 3- Temporary power provider Aggreko reassured investors on Thursday that it was on track to deliver a planned 80 million pounds of savings, boosting its shares. Chief Executive Chris Weston told Reuters he expected the company return to growth over the next two years, as the effects of its restructuring plan begin to take effect on the business.

  • *Australia's youngest billionaire Nathan Tinkler goes bust. SYDNEY, March 3- Rags-to-riches coal mining baron Nathan Tinkler, who rode the mining boom to become Australia's youngest billionaire before losing it all when coal prices collapsed, has been declared legally bankrupt after failing to pay off a private jet. He toyed with the idea of going to...

  • TOKYO, March 3- Toshiba Corp is asking three Japanese lenders for additional loans of about $1.8 billion to fund restructuring in the wake of an accounting scandal, sources with direct knowledge of the matter said on Thursday. Toshiba is seeking about 200 billion yen from Sumitomo Mitsui Banking Corp, Mizuho Bank and Sumitomo Mitsui Trust Bank, said the sources,...

  • WILMINGTON, Del., March 2- The operator of a 41- mile Texas toll road connecting San Antonio to Austin filed for Chapter 11 bankruptcy on Wednesday due to dwindling cash, according to court documents. SH 130 Concession Co LLC, which operates the section of state highway 130, is jointly owned by the Cintra unit of Spain's Ferrovial SA and Zachry American...

  • WILMINGTON, Del., March 2- The operator of a 41- mile Texas toll road connecting San Antonio to Austin filed for Chapter 11 bankruptcy on Wednesday with up to $10 billion in both assets and liabilities, according to court documents.

  • NEW YORK, March 2- Lynn Tilton's Patriarch Partners LLC has been sued over last week's abrupt firing of roughly 1,200 workers at TransCare Corp, shortly after the privately held ambulance company filed for bankruptcy protection, court papers show. TransCare workers accused Patriarch, whose portfolio included the Brooklyn- based company, of failing to provide...

  • YERUHAM, Israel, March 2- Generic drugmaker Perrigo Co said it expected a $100 million boost to annual sales from a new factory inaugurated in Israel on Wednesday. "As a company this is a big prescription drug growth platform for us, primarily for the U.S. market, but not solely," Perrigo's president, John Hendrickson, told Reuters in an interview.

  • BEIJING, March 2- China plans to target broad-based money supply growth of around 13 percent this year, sources said, a signal that further monetary policy easing is likely during a painful economic restructuring that could see millions of workers losing jobs. The target, which is set to be announced by Premier Li Keqiang at the annual parliament session that...

  • NEW YORK, March 1- Retired U.S. Judge Joseph Farnan has agreed to serve as the mediator in the Chapter 11 bankruptcy of the operating unit of Caesars Entertainment Corp, according to a court filing on Tuesday. Creditors have accused Caesars of looting the operating unit before the bankruptcy for the benefit of private equity owners Apollo Global Management and...

  • NEW YORK, March 1- Retired U.S. Judge Joseph Farnan has agreed to serve as the mediator in the Chapter 11 bankruptcy of the operating unit of Caesars Entertainment Corp, according to a court filing on Tuesday. The operating unit proposed a mediator last month as a way to help creditors reach a compromise.

  • March 1- Puerto Rico's power utility PREPA said on Tuesday it amended a restructuring agreement with its creditors to extend a number of deadlines. PREPA in December agreed a deal with creditors to restructure more than $8 billion debt. The amended agreement includes extending the date for initiating a rate case for its electricity rates, which is now set for...