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  • BERLIN/ WASHINGTON, March 17 (Reuters)- The United States urged countries on Tuesday to think twice about signing up to a new China- led Asian development bank that Washington sees as a rival to the World Bank after Germany, France and Italy followed Britain in saying they would join. The concerted move by U.S. allies to participate in Beijing's flagship economic...

  • PARIS/ BEIJING, March 17- Germany, France and Italy said on Tuesday they had agreed to join a new China- led Asian investment bank after close ally Britain defied U.S. pressure to become a founder member of a venture seen in Washington as a rival to the World Bank. It comes amid prickly trade negotiations between Brussels and Washington, and at a time when EU and Asian...

  • Coming to a theater near you: esports Tuesday, 17 Mar 2015 | 8:06 AM ET

    The "Esports in Cinema" series will launch in July with the debut of an esports documentary from filmmakers Christine O'Malley and Patrick Creadon, followed by live competitive gaming and a Q&A session in front of a live studio audience. The event will be broadcast from the ESL studio in Burbank, California, on July 23 for North American and Latin American...

  • SEOUL, March 17- A senior U.S. diplomat said it was up to individual countries to decide on joining a new China- led international development bank, as media reports said a growing number of close U.S. allies were ignoring Washington's pressure to stay out of the institution. France, Germany and Italy have agreed to follow Britain's lead and join the Asian...

  • *Signs of nuclear deal and end of sanctions for Iran add pressure. NEW YORK, March 16- Oil prices fell 2 percent on Monday, with U.S. crude hitting six-year lows, on signs of higher output in the United States and Libya and a possible nuclear deal that could end sanctions for Iran, allowing more of its oil into the market. The United States and Iran, meanwhile, inched closer...

  • *Signs of nuclear deal and end of sanctions for Iran add pressure. NEW YORK, March 16- Brent oil fell about 3 percent on Monday and U.S. crude hit six-year lows on signs of higher output in the United States and Libya and a possible nuclear deal that could end sanctions for Iran, allowing more of its oil into the market. The United States and Iran, meanwhile, inched closer...

  • UPDATE 7-Oil drops on ample supply, Iran nuclear talks Monday, 16 Mar 2015 | 10:44 AM ET

    LONDON, March 16- Brent crude oil fell to around $53 a barrel on Monday, its lowest for more than a month, on rising global inventories and signs of a possible nuclear deal with Tehran that could allow more Iranian oil exports. Western powers are hoping for concessions from Tehran that could help clinch an agreement in nuclear talks this week after the United States...

  • LONDON, March 16- Brent crude oil fell to around $54 a barrel on Monday, its lowest for more than a month, on rising global inventories and signs of a possible nuclear deal with Tehran that could allow more Iranian oil exports. Western powers are hoping for concessions from Tehran that could help clinch an agreement in nuclear talks this week after the United States...

  • SINGAPORE, March 16- Oil prices fell on Monday as spare oil storage capacity runs low and a potential agreement in nuclear talks with Tehran opened the prospect of more Iranian exports, should sanctions be eased. U.S. crude fell to $43.57 in early trading, its lowest since March 2009, before rebounding to $44.19 by 0658 GMT, still down 65 cents. "The prospect of an...

  • LONDON, March 13- Britain said it has sought to become a founding member of the Asian Infrastructure Investment Bank, making it the first Western nation to embrace the China- backed institution, but the United States reacted frostily to the development. Analysts have said it could challenge the Western-dominated World Bank and Asian Development Bank.

  • South Korea's tallest skyscraper rises in cloud of fear Thursday, 12 Mar 2015 | 5:00 PM ET

    *Lotte World Tower to reach 1,821 feet on 2016 completion. SEOUL, March 13- At 92, the man who built South Korea's biggest retail empire is finally making his mark in the Seoul skyline as the country's tallest tower takes shape- just as public faith in corporate giants crumbles into safety fears and mistrust. Shin Kyuk-ho first envisioned a landmark for Lotte Group...

  • HONG KONG, March 12- China is opening a free trade zone in Guangdong next week, part of its wider financial reforms that include moving to a fully convertible yuan currency and capital account liberalisation. In December, China said it would open three more FTZs- in Guangdong, Fujian and Tianjin- and these would duplicate the Shanghai model. China kicked off its...

  • SEOUL, March 12- South Korea's central bank cut interest rates for the first time in five months on Thursday in a surprise move, joining the ranks of other economies which have recently taken advantage of lower inflation to ease monetary policy to spur sluggish growth. The Bank of Korea's monetary policy committee, grappling with a weaker-than-expected...

  • Expect euro-dollar parity by year-end: Pro   Wednesday, 11 Mar 2015 | 10:48 PM ET
    Expect euro-dollar parity by year-end: Pro

    Mitul Kotecha, head of FX Strategy, Asia Pacific at Barclays, expects the euro to reach parity with the U.S. dollar by end-2015 on the back of a policy divergence between the U.S. and Europe.

  • GLOBAL MARKETS-Asian shares rise as South Korea cuts rates Wednesday, 11 Mar 2015 | 10:29 PM ET

    TOKYO, March 12- A surprise interest rate cut by South Korea's central bank on Thursday helped lift an index of Asian stocks away from the previous session's seven-week lows, while the prospect of higher U.S. interest rates buoyed the dollar. "We think the two key drivers behind today's decision are a weaker economic outlook and deflation pressures," said Ronald...

  • SEOUL, March 11- The second-largest shareholder in Hyundai Motor Co and its two affiliates will vote against the reappointment of two of the sister firms' board members who last year approved buying a Seoul property for $10 billion, or three times its appraised value. The veto by the National Pension Service against one outside director at both Kia Motors and...

  • SEOUL, March 11- The second-largest shareholder in Hyundai Motor Co and its two affiliates will vote against the reappointment of some board members who last year approved buying a Seoul property for $10 billion or three times its appraised value, a person with direct knowledge of the matter said on Wednesday. Brain Asset Management, which holds 0.14 percent of...

  • *Hyundai shares up over 3 pct. A Hyundai spokesman said there were "no plans at this stage" to increase capacity in the United States. Hyundai currently builds its Santa Fe SUV at affiliate Kia Motors' production facilities in Georgia, while importing Tucson compact SUVs from Korea.

  • "Students are aware of the cheating scandals and nervous that their scores will be cancelled after spending so many hours preparing for the examination," said Edward Dunnigan, director of the SAT and ACT programmes at New Pathway Education, which has centres in China and New York. College testing and admissions is big business in Asia, and growing: 150,000...

  • SEOUL, March 9- Flashy Maseratis and Bentleys are fast becoming the cars of choice for young, monied South Koreans, eclipsing German luxury brands now so commonplace that some in Seoul's upscale Gangnam district jokingly refer to a BMW 5- series as a Hyundai Sonata. Last year, the Seoul dealership of Volkswagen unit Bentley Motors was the top global seller of...