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  • *Coming Up: American Petroleum Institute data at 2130 GMT. Higher prices imposed by Saudi Arabia for its crude buyers in Asia, the U.S. and northwest Europe did not immediately boost benchmark Brent and U.S. oil futures, although some traders saw the move as supportive. Brent jumped almost 3 percent, trading firmly above the $60- a-barrel support level, as rival...

  • Europe closes lower; Barclays down 3% Tuesday, 3 Mar 2015 | 11:42 AM ET

    European equities closed lower on Tuesday as investors reacted to a slew of earnings news and economic data.

  • LONDON, March 3- Sterling rose on Tuesday after a survey of construction managers came in better than expected, reinforcing a brighter economic start to a year that also features political uncertainty. By late afternoon in London, sterling was up just under 0.1 percent at 72.75 pence per euro, near Monday's seven-year low of 72.35. "Sentiment for the pound is...

  • BRUSSELS, March 3- The European Bank for Reconstruction and Development will launch a five-year programme of loans and investments in Greece that EU governments hope can foster enterprise and growth to help revive an economy hobbled by public-sector debt. Suma Chakrabarti, president of the London- based EBRD, told reporters in Brussels that all its 66 state...

  • *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...

  • *Israel, Iran tight-lipped on decades-old arbitration. *Pressure in Israel to remove secrecy. But since the 1979 revolution that brought the ayatollahs to power, Iran has been demanding its share of revenues and assets that remained in Israel.

  • *Request to detain him came from Britain- police source. Dar es Salaam, March 3- Mohammed Emwazi, the Briton identified as Islamic State killer "Jihadi John", was denied entry to Tanzania in 2009 at the request of British security services, a Tanzanian police source said on Tuesday. "When Emwazi and his friends were told they would not be allowed to enter Tanzania, they...

  • LONDON, March 3- The Bank of England's former chief foreign exchange dealer broke internal rules on confidentiality and information technology policy before his dismissal last year, BoE Governor Mark Carney told legislators on Tuesday. The BoE fired Martin Mallett in November as it announced the findings of an independent review into what staff knew of...

  • LONDON— Barely a year after emerging from a savage recession comparable in its intensity to the Great Depression in the U.S., Greece's economy is shrinking again. When figures last fall showed the Greek economy finally growing again after a recession that saw it shrink by a quarter and unemployment and poverty levels swell dramatically, then Prime Minister...

  • LONDON, March 3- Sterling inched into positive territory on Tuesday after a survey of construction managers came in slightly better than expected, reinforcing a generally brighter economic start to a year that also features political uncertainty. "Sentiment for the pound is positive this year," said Jake Trask, a corporate dealer with broker and currency...

  • LONDON, March 3- A Bank of England probe into what central bank staff knew of malpractice in London's foreign exchange market failed to scrutinise officials closely enough and was "seriously incomplete", a senior lawmaker said on Tuesday. "The inquiry is seriously incomplete, and has failed to address the broader issues which the Chairman of the Bank's Court of...

  • *Barclays aiming for FX deal with as many agencies as possible. LONDON, March 3- Barclays took a 750 million pound charge in the fourth quarter as it prepares to settle allegations its traders manipulated foreign exchange markets, overshadowing the bank's efforts to slash costs and boost profits. Past conduct problems continue to dog Barclays Chief Executive...

  • LONDON— Barclays' fourth-quarter loss widened as the costs of correcting past problems overshadowed progress in streamlining the bank's business after the global financial crisis. The figures demonstrate the underlying performance of Barclays and show that the bank is stronger than at any time since the financial crisis, Jenkins said in a statement.

  • SYDNEY, March 3- Australia has ordered the Chinese owner of a A $39 million Sydney mansion to sell up, the first crackdown on foreign residential purchases in nearly a decade amid government attempts to cool one of the world's hottest property markets. "Villa del Mare" was bought "illegally" in November by Golden Fast Foods Pty, a firm owned by Hong Kong- listed...

  • China to simplify SOE off-shore financing process soon Tuesday, 3 Mar 2015 | 12:26 AM ET

    The People's Bank of China and related government bodies have already submitted a proposal to streamline "going out" procedures for Chinese firms to the State Council, a central bank official told Shenzhen- based Securities News. Guo's statement did not specify when the new policy might be approved by the State Council, China's cabinet. Financial firms are also...

  • 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...

  • COLUMBUS, Ohio— The state of Ohio is suing oil and gas company BP for more than $33 million, alleging it double dipped by taking state funds and money from insurers to clean up accidental leaks from underground storage tanks at hundreds of its gas stations around the state. The lawsuit alleges London- based BP wrongfully obtained $33.3 million in reimbursements...

  • MILAN, March 2- Italian eyewear group Luxottica is to more than double its dividend payment to 1.44 euros per share, it said on Monday after reporting a 10 percent rise in full-year operating income and record cash flow. Luxottica also said it would ask shareholders to approve a small buy-back of 2.08 percent of outstanding shares. Citi said in a report the...

  • *Nasdaq passes 5,000 as Wall Street extends winning streak. Wall Street kicked off March on a high note after a stellar February, when the benchmark S&P 500 Index registered its best monthly gain since October 2011. This bull market still has some room to go, "said Jason Pride, director of investment strategy at Glenmede in Philadelphia.

  • *Speculation over Iran nuclear deal, higher Libyan output weigh. *Coming Up: American Petroleum Institute report on Tuesday. NEW YORK, March 2- Brent futures fell 5 percent, its most in a month, on Monday as speculation of a nuclear deal that could lift Iran's sanctions and boost its oil exports brought worries about high supplies back to the market.