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  • LONDON— Britain's national statistics agency says the economy grew faster than previously thought last year. The figures confirm that Britain's economy is one of the fastest-growing among developed nations. Ben Brettell, senior economist at Hargreaves Lansdown, says this is "the latest in a long list of good news stories about the U.K. economy, which is sure to...

  • *Iran negotiations in Lausanne enter last 24 hours. LONDON, March 31- Brent crude oil dropped towards $55 a barrel on Tuesday as Iran and six world powers entered a final day of talks over a nuclear deal that could see the energy-rich country increase oil exports to world markets. With a self-imposed deadline set for the end of the day, the United States, Britain,...

  • LONDON— The 19- country eurozone isn't going to be the driving force of the global economy anytime soon, but it's increasingly evident that its numbers are heading the right way. Eurozone inflation rates have been negative since last December, a headache that prompted the European Central Bank earlier this year to launch a 1.1 trillion-euro government...

  • TOKYO— Global stock markets mostly climbed Tuesday, boosted by positive economic data from major economies and hopes for stimulus in China. KEEPING SCORE: France's CAC 40 added 0.2 percent to 5,092.19 in early trading and Germany's DAX edged up 0.1 percent to 12,095.24. But Britain's FTSE 100 fell 0.1 percent to 6,883.22.

  • LONDON, March 31- The euro remained on track for its biggest quarterly fall and European shares for their best first quarter of the euro era on Tuesday as worries about Greece's finances kept the single currency under pressure. It is up a whopping 16 percent since Jan. 1, with Germany's DAX up 23 percent and France's CAC 19 percent higher, compared to a more modest 5...

  • FOREX-Euro heads for worst quarter on record Tuesday, 31 Mar 2015 | 3:43 AM ET

    LONDON, March 31- The euro fell against the dollar on Tuesday, leaving the single currency on track for its worst quarter ever as investors bet on an increasingly divergent monetary policy outlook between the euro zone and the United States. Its losses have been driven by the European Central Bank's launch of a 1.1 trillion euro quantitative easing programme...

  • Three months in: What a wild ride it’s been Tuesday, 31 Mar 2015 | 1:18 AM ET
    A trader sitting in front of a chart displaying German share index DAX.

    As European equity markets closed out last week with their biggest weekly fall of the year, an eventful first quarter is coming to a close.

  • NEW YORK/ LONDON, March 30- Mergers and acquisitions this year reached their highest first-quarter level since 2007, as companies defied headwinds such as currency and oil price volatility and sought growth-boosting deals amid favorable financing conditions. "The deal activity in the first quarter was driven by continuing cash accumulation at companies,...

  • March 30- Aluminum maker Alcoa Inc said on Monday it will shut its only remaining smelter in Brazil, the latest victim of a toxic mix of weak metal prices and high energy costs. The closure will cut Brazil's annual production to under 900,000 tonnes even as consumption is expected to grow as South America's largest economy prepares to host the 2016 Olympics.

  • FRANKFURT, March 30- Germany's Allianz has estimated insurers will pay $300 million in claims and costs stemming from the crash of a Germanwings plane in the French Alps last week, insurance industry sources said on Monday. The initial estimate represents about 20 percent of the $1.5 billion in premiums in the global market for airline insurance.

  • LOS ANGELES— You can bring your beach towels and floral headbands, but forget that selfie stick if you're planning to go to the Coachella or Lollapalooza music festivals. Coachella dismissed them as "narsisstics" on a list of prohibited items. In Europe, the Palace of Versailles outside Paris, Britain's National Gallery in London and the Colosseum in Rome have all...

  • BRUSSELS, March 29- After decades of punching above its weight in Europe, Britain's influence in the European Union is waning, even before we know whether a promised referendum on "Brexit" will go ahead. But there is growing frustration in Brussels, Berlin and Paris at the lack of clarity over Prime Minister David Cameron's goals if he is re-elected on May 7 and seeks...

  • *China shares hit seven-year high on new Silk Road project. NEW YORK, March 30- The dollar rose and global equity markets surged on Monday on merger and acquisition activity among drugmakers on both sides of the Atlantic, while Chinese stocks hit a seven-year high on an ambitious government plan to create a modern Silk Road. Earlier, China unveiled details of an...

  • *Iran nuclear deal by Tuesday could bring more oil to market. NEW YORK, March 30- Oil prices fell for the second straight session on Monday as Iran and six world powers negotiated a deal for Tehran's nuclear program that could end Western sanctions, allowing the OPEC member to ship more crude into an already flooded market. "We're likely to stay jittery through the...

  • NEW YORK, March 30- The euro slumped against the dollar on Monday on worries over whether Greece would secure aid before it runs out of cash in three weeks, while the greenback gained versus other currencies on the view the Federal Reserve will raise U.S. interest rates this year. Athens sounded upbeat about talks with its creditors to release funds from its 240-...

  • What is the preeminent trading venue for industrial commodities in China now boasts a base metals portfolio that fully matches that of the London Metal Exchange, which dominates trading everywhere outside of China. Are Hong Kong and Shanghai future collaborators or potential competitors in the world of metals pricing? But there remains a wide gulf between...

  • *Test puts HSBC, Standard Chartered in the spotlight. "By assessing the resilience of the UK banking system against a major external shock we will improve further our ability to identify vulnerabilities and we will ensure that banks have plans in place to address a wider range of possible stresses," BoE Governor Mark Carney said on Monday. That leaves six banks and...

  • *Shanghai, Hong Kong stocks lead on stimulus hopes. LONDON, March 30- Shares rose on Monday with Asian stocks buoyed by hopes for stimulus to boost China's economy, but the euro slipped on renewed concern about Greece's finances. Earlier, Chinese stocks surged to seven-year highs, helped by Beijing's unveiling of an ambitious plan to build a modern Silk Road to...

  • LONDON, March 30- Nickel hit its lowest in nearly six years on Monday, as faltering demand for stainless steel and worries that a new tax in Malaysia might push metal into the market dented sentiment. In Malaysia, which stores almost half of the LME's nickel inventories at around 210,000 tonnes, a new government tax may force owners to sell metal rather than bear the...

  • POLL-Oil prices to stabilise as demand rises Monday, 30 Mar 2015 | 6:00 AM ET

    *Brent to average $59.20, U.S. crude $53.60 in 2015. The survey of 34 analysts predicted North Sea Brent crude would average $59.20 a barrel in 2015, up from around $55 so far this year. Brent is expected to rise to $72.10 in 2016 and $78.70 in 2017, the poll showed.