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  • Brent holds above $60 after Saudi price hikes Tuesday, 3 Mar 2015 | 10:10 PM ET

    *Fighting escalates in Libya before UN talks. SINGAPORE, March 4- Brent held above $60 a barrel on Wednesday supported by a hike in Saudi crude prices and strikes on oil facilities in Libya. In a move widely seen as a vote of confidence by Saudi Arabia in demand recovery, the OPEC kingpin raised the official selling prices for its oil deliveries to Asia and the United...

  • TOKYO, March 4- Uber Technologies Inc said it was reviewing a free ride service in Japan after the government reportedly told it to halt the pilot project, a blow to the company's hopes in a potentially big market. Kyodo News reported late on Tuesday that Japan's transport ministry had told Uber to halt the month-old service in the southern city of Fukuoka on the...

  • TOKYO, March 4- The dollar hovered below an 11- year high versus a basket of major currencies on Wednesday, as investors awaited U.S. economic data and a European Central Bank meeting later this week for fresh direction clues. The dollar index last stood at 95.355, having backed off slightly from Tuesday's high of 95.570, its strongest level since September 2003.

  • *Brent crude ends above $61 on conflict in Libya. NEW YORK, March 3- U.S. stocks followed other equities markets lower on Tuesday, with major indexes pulling back from record highs as soft auto sales raised doubts about the U.S. economy, while the dollar fell from an 11- year peak versus a basket of currencies. "The air gets a little thin up at new highs and you need a driver...

  • *Brent crude climbs near $61 on conflict in Libya. NEW YORK, March 3- U.S. stock prices fell on Tuesday, with the Dow Jones industrial average and the Standard& Poor's 500 pulling back from record highs, while the dollar fell from an 11- year peak versus a basket of currencies. "The air gets a little thin up at new highs and you need a driver to keep it going, and one of the...

  • *Brent crude climbs above $61 on conflict in Libya. NEW YORK, March 3- U.S. stock prices fell on Tuesday, with the Dow Jones industrial average and Standard& Poor's 500 receding from their record highs, while the dollar fell from its 11- year peak versus a basket of currencies. "The market is naturally settling in, taking a breather until the scales tip either way to...

  • TOKYO, March 3- Uber Technologies Inc has been told to suspend a free ride service in Japan over the possible infringement of unlicensed-taxi restrictions, Kyodo News said on Tuesday, a blow to the company's hopes in a potentially big market. The transport ministry believes Uber's free taxi-like service in southern Japan, which matches passengers via a...

  • North Korea lifts Ebola travel restrictions Tuesday, 3 Mar 2015 | 7:09 AM ET

    TOKYO— North Korea has lifted severe restrictions on foreign travel it imposed last year to keep the Ebola virus from crossing its borders. One tour company that takes tourists into North Korea, Uri Tours, said on its website Tuesday that it had been told by the country's national airline that the ban had been lifted. North Korea's decision to set the restrictions...

  • PYONGYANG, North Korea— Workers in sharp new uniforms open the doors and turn on the lights about an hour before sunrise at their chain store on the corner of one of Pyongyang's main streets, right smack in the middle of a showpiece area of the capital. Business with a hint of capitalism isn't new in North Korea— it's how the common people have survived amid the...

  • LONDON, March 3- The dollar eased from an 11- year peak against a basket of currencies on Tuesday, hit by losses against the yen after an economic adviser to Japanese Prime Minister Shinzo Abe said the greenback could not sustain more gains. Etsuro Honda, who some analysts described as a proponent of yen weakness, told the Wall Street Journal in an interview that...

  • TOKYO— A deal between Japan and the U.S. needed to move ahead with a Pacific Rim trade pact is possible by this spring, a top Japanese trade negotiator said Tuesday. Wendy Cutler, acting deputy U.S. trade representative, will visit Japan for talks beginning Thursday on the politically sensitive issue of dismantling protections for Japan's farm products and for...

  • JGBs sag on lukewarm 10-year sale, weaker Treasuries Tuesday, 3 Mar 2015 | 12:45 AM ET

    TOKYO, March 3- Japanese government bond prices sagged on Tuesday, weighed down by lukewarm demand at a 10- year debt sale and overnight retreat by U.S. The Bank of Japan's extensive debt purchases as part of its monetary easing drove the 10- year yield to a record low of 0.195 percent in January but has also sucked up liquidity and made the market volatile, sending...

  • TOKYO/ SYDNEY, March 3- The dollar pulled back a little from an 11- year peak against a basket of major currencies on Tuesday, with the Australian dollar stealing the spotlight as it surged after the Reserve Bank of Australia stood pat on interest rates. The U.S. currency also was pressured against the yen after Etsuro Honda, an economic adviser to Japanese Prime...

  • TOKYO, March 3- Embattled Japanese electronics maker Sharp Corp is preparing to seek aid from its two main lenders, a source with direct knowledge of the matter said, in what would be its second bailout in three years despite extensive restructuring. Fierce competition from Apple Inc, Samsung Electronics Co as well as cheaper Chinese makers has hammered Japan's...

  • March 2- United Airlines has no immediate interest in purchasing 777 X aircraft from Boeing Co but instead views the plane's predecessor, the 777-300 ER, as a potentially good fit for its network, the carrier's Chief Financial Officer, John Rainey, told Reuters in an interview Monday. Rainey said United is not interested in the more expensive 777 X, to be outfitted...

  • *Yield spike on Wall Street rally, mixed data help dollar. SYDNEY/ TOKYO, March 3- The dollar hit a fresh 11- year peak against a basket of major currencies on Tuesday, as rising Treasury yields helped it prevail over its peers. In addition to Wall Street shares hitting fresh record highs on Monday, a batch of mixed data overnight was seen by some as a driving the rise in...

  • TOKYO, March 3- Embattled Japanese electronics maker Sharp Corp is preparing to seek aid from its two main lenders, a source with direct knowledge of the matter said, as it expects impairment losses from unprofitable businesses to mount this year. Osaka- based Sharp last month warned it would slip into its third annual net loss in four years, saying a supply glut...

  • TOKYO, March 3- Embattled Japanese electronics maker Sharp Corp is preparing to seek aid from its main lenders, a source with direct knowledge of the matter said, as it expects losses to mount this year. Osaka- based Sharp last month warned it would slip into its third annual net loss in four years, saying a supply glut squeezed sales of smartphone displays in China,...

  • DIARY-Top Economic Events to March 15 Monday, 2 Mar 2015 | 7:01 PM ET

    LONDON- Bank of England's Paul Fisher speaks at the Economist's Insurance Summit 2015- 0910 GMT. LONDON- Bank of England's Anthony Habgood and Governor Mark Carney appears before Treasury Select Committee- Grabiner Report- 1000 GMT. LAKE FOREST, United States- Federal Reserve Bank of Chicago President Charles Evans speaks on current economic conditions and...

  • Fed has 'golden' chance to tighten: Druckenmiller Monday, 2 Mar 2015 | 4:32 PM ET

    The founder of Duquesne Capital Management said that the Fed risks disrupting the U.S. economy if it waits to raise interest rates.