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  • World market momentum over Chinese rate cut fades Monday, 2 Mar 2015 | 1:32 AM ET

    KEEPING SCORE: Britain's FTSE 100 gained 0.3 percent to 6,964.66 and Germany's DAX climbed 0.3 percent to 11,428.83. Hopes for stronger growth in China boosted mining companies and other resource-related shares, such as miner BHP Billiton, which rose 0.4 percent and Glencore Plc, which added 1.8 percent. CHINA RATE CUT: The People's Bank of China cut interest...

  • ABU DHABI, March 2- The Kuwait Investment Office, the London branch office of sovereign wealth fund Kuwait Investment Authority, is gradually reducing its overweight stance on U.S. assets after keeping that position for seven years, its chief executive said on Monday. Osama al-Ayoub, speaking at a business conference in Abu Dhabi, also said the KIO was going...

  • KEEPING SCORE: Japan's Nikkei 225 gained 0.3 percent to 18,847.19 and South Korea's Kospi added 0.2 percent to 1,989.27. Hong Kong's Hang Seng Index rose 0.3 percent to 24,898.25 and the Shanghai Composite Index advanced 0.4 percent to 3,322.23. CHINA RATE CUT: The People's Bank of China cut interest rates for the second time in three months Saturday, reducing...

  • Bells toll for Europe's largest gas field Sunday, 1 Mar 2015 | 12:00 PM ET

    WESTERWIJTWERD, Netherlands, March 1- Dutch church bells that for centuries have tolled to warn of floods across the low-lying countryside are sounding the alarm for a new threat: earthquakes linked to Europe's largest natural gas field. Lessons from Groningen, which lies far from any natural fault line, feed into a debate over the threat posed by hydraulic...

  • OTTAWA, Feb 27- When Bank of Canada Governor Stephen Poloz abandoned a policy of offering forward guidance on interest rates last year, he said telling traders explicitly what's going to happen can boost volatility as it spurs a rush for the exits when things change. "How fast the market is flip-flopping around on interest rates in Canada has been quite...

  • NEW YORK, Feb 27- U.S. stocks edged down late in Friday's session on the last trading day of February, led by technology stocks, but oil prices rebounded for their first monthly gain since June. European shares broke multi-year records ahead of the European Central Bank's planned moves to stimulate growth. The Nasdaq was the weakest of the three major U.S. indexes,...

  • NEW YORK, Feb 27- The dollar index ended little changed on Friday as it stayed on track for a record eighth month of gains on improving U.S. data and comments from Federal Reserve officials that bolstered bets for a interest rate rise later this year. "The trend is still in place to support the dollar," said Eric Viloria, currency strategist at Wells Fargo Securities in...

  • *Brent premium over U.S. crude widens to $13. *Baker Hughes data shows pace of rig count drop slows. Both Brent and U.S. futures briefly pared gains after data from Baker Hughes Inc showed its U.S. oil drilling rig count fell only 33 to 986 this week, after a decline of only 37 last week.

  • Feb 27- Apple Watch will replace your car keys and its battery will last the whole day, Apple Inc's Chief Executive Tim Cook told the Telegraph in an interview. The rollout of the watch might pose a challenge for Apple's stores, which may involve "tweaking the experience in the store," the Telegraph said, citing Cook's conversation with the staff at Apple's Covent...

  • *Baker Hughes data shows pace of rig count drop slows. Both Brent and U.S. futures briefly pared gains after data from oil services company Baker Hughes showed its U.S. oil drilling rig count fell only 33 to 986 this week, after rigs were only down 37 in the previous week. Brent April crude was up $1.27 at $61.32 a barrel at 1:28 p.m. EST, on pace to post a 15 percent...

  • Business events scheduled for the coming week Friday, 27 Feb 2015 | 1:26 PM ET

    WASHINGTON— Commerce Department releases personal income and spending for January, 8:30 a.m. Eastern; Institute for Supply Management releases its manufacturing index for February, 10 a.m.; Commerce Department releases construction spending for January, 10 a.m.. WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.; Labor Department...

  • Brent April crude was up $1.51 at $61.56 a barrel at 11:54 a.m. EST, on pace to post a 16 percent monthly gain, the first monthly rise since June. April crude was up 75 cents at $48.92 a barrel, needing a finish above $48.24 to post a February gain. Oil has been supported by signs that lower prices are starting to reduce investment in production in non- OPEC countries and...

  • Sterling steadies after hitting 7-year high vs euro Friday, 27 Feb 2015 | 11:57 AM ET

    Helped by an afternoon recovery in Europe for the euro against the dollar, the pound bounced back from lows below $1.54 hit in early trade. "Its been an up and down sort of day," said a dealer with one London- based brokerage. "It feels like the electoral risks are finally coming into focus," said Michael Sneyd, a strategist with BNP Paribas in London.

  • NEW YORK, Feb 27- The dollar index dipped on Friday on month-end selling but remained on track for a record eighth month of gains on improving U.S. data and comments from Federal Reserve officials that bolstered bets for a interest rate rise later this year. "The trend is still in place to support the dollar," said Eric Viloria, currency strategist at Wells Fargo...

  • BUSINESS-NEWS-SCHEDULE AT 1600 GMT / 11:00 a.m. ET Friday, 27 Feb 2015 | 11:37 AM ET

    WASHINGTON- U.S. economic growth brakes more sharply than initially thought in the fourth quarter as businesses slow their pace of stock accumulation and the trade deficit widens, but the underlying fundamentals remain solid. CHICAGO- Moody's Investors Service cuts Chicago's already-weak credit rating one notch to Baa2, citing the city's growing costs...

  • NEW YORK, Feb 27- Wall Street stocks fell slightly on the last trading day of February as weak U.S. growth data made investors cautious, while European shares broke multi-year records ahead of the European Central Bank's injection next month of 60 billion euros to spur growth. On Wall Street, the Dow Jones industrial average was down 35.93 points, or 0.20 percent, at...

  • Business events scheduled for the coming month Friday, 27 Feb 2015 | 11:24 AM ET

    WASHINGTON— Commerce Department releases personal income and spending for January, 8:30 a.m. Eastern; Institute for Supply Management releases its manufacturing index for February, 10 a.m.; Commerce Department releases construction spending for January, 10 a.m.. WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.; Labor Department...

  • February proved to be a strong month for U.S. stocks, even though it ended in downbeat fashion. It also brought the Nasdaq composite within striking distance of its March 2000 high. But the S&P 500' s 5.5 percent performance marked its best monthly increase since October 2011, and a turnaround from its 3.1 percent slide in January.

  • LONDON, Feb 27- Global investors increased their bets on stocks during February as major equity markets broke through all-time highs, fuelled by the promise of more monetary stimulus, Reuters' monthly asset allocation poll showed. As around 20 central banks have cut interest rates since the start of 2015, and with the European Central Bank set to launch...

  • LONDON, Feb 27- European shares held steady at seven-year highs on Friday as investor confidence stayed buoyant ahead of the European Central Bank's monthly 60- billion-euro money-printing programme set to start in March. "The market's had a good run and it's the end of the month so we're going to see it drift lower today as people book some profit," ETX Capital's...