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  • *Market cautious on developments in Yemen; oil firms gain. TOKYO, March 26- Japan's Nikkei share average dropped on Thursday as investors sold semi-conductor and other hi-tech shares after their U.S. peers were sold off sharply following soft U.S. economic data. News that Saudi Arabia and Gulf Arab countries had launched military operations in Yemen to beat back...

  • Nikkei tumbles as semi-conductor shares take hit Wednesday, 25 Mar 2015 | 10:34 PM ET

    *Market cautious on developments in Yemen; oil firms gain. TOKYO, March 26- Japan's Nikkei share average dropped on Thursday as investors sold semi-conductor and other hi-tech shares after their U.S. peers were sold off sharply following soft U.S. economic data. Oil-related shares bucked the trend and rose 1.0 percent as oil prices firmed after Saudi Arabia and...

  • *Bailout fund to consider returning 1.2 bln euros to Greece. ATHENS/ BERLIN, March 24- Greece risks running out of cash by April 20 unless it secures fresh aid, a source familiar with the matter told Reuters on Tuesday, leaving little time to convince sceptical creditors it is committed to economic reform. After talks with EU leaders including German Chancellor...

  • That's much longer than the warnings on traditional cigarette packs in the United States. Nicotine can increase your heart rate and blood pressure and cause dizziness, nausea and stomach pain, "says MarkTen, a leading brand in the United States. There is no required health warning on electronic cigarettes in the United States, so "we had to do what we thought was...

  • BERLIN/ LONDON, March 22- Driven by the demands of a new plugged-in generation seeking "authentic" travel experiences with a local feel, the world's biggest hoteliers are moving into a new sector in Europe- the "lifestyle" boutique hotel. After many years focused on baby boomers and business travellers, brands such as Marriott, Hilton, Starwood and InterContinental...

  • FRANKFURT, March 19- A pilots strike grounded more than half of Lufthansa's lucrative long-haul flights on Thursday, the latest action to pressure management in a protracted row over early retirement benefits and cost cuts. Lufthansa is trying to cut costs to levels nearer those of its rivals as it is squeezed by budget carriers Ryanair and easyJet on European...

  • FRANKFURT, March 18- A German court on Wednesday banned Uber from running services using unlicensed cab drivers and set stiff fines for any violations of local transport laws by the pioneering online taxi firm. Born out of the frustration of two Silicon Valley entreprenuers trying to catch a cab in Paris, Uber's popular mobile phone taxi-hailing services have...

  • *Greece could run out of cash within weeks. ATHENS, March 17- Greek Prime Minister Alexis Tsipras has requested a meeting with top European leaders including German Chancellor Angela Merkel at this week's EU summit, a Greek official said on Tuesday, as Athens insisted it would not be' blackmailed' over its debt crisis. With tensions still running high, Greece...

  • AMSTERDAM, March 17- Eurogroup head Jeroen Dijsselbloem repeated on Tuesday that Greece is running out of cash and must work on economic reforms if it hopes to receive further assistance, prompting Athens to respond that it would not let itself be blackmailed. Asked whether he thought Greece was stalling for time, Dijsselbloem, the Dutchman who chairs the group...

  • March 13- Billionaire investor Bill Ackman said some people hired by a consulting group working for his hedge fund had received subpoenas from federal agencies investigating possible manipulation of Herbalife Ltd's stock. Herbalife's shares rose more than 15 percent after the Wall Street Journal reported late on Thursday that federal prosecutors and...

  • The investor, who is short on Herbalife's shares, said he could not be certain if these people had made false statements to regulators about the company's business model. Ackman has been betting against Herbalife's shares since 2012, claiming the company is a pyramid scheme- where new investors unwittingly fund the profits of older investors.

  • WASHINGTON, March 12- Commerzbank AG has agreed to pay U.S. authorities $1.45 billion to resolve sanctions and other violations, the latest big European bank to acknowledge moving funds through the U.S. financial system for countries like Iran and Sudan. Commerzbank is the latest in a series of big foreign banks that have been penalized for sanctions-related...

  • WASHINGTON, March 12- Commerzbank AG has agreed to pay U.S. authorities $1.45 billion to resolve sanctions violations, the latest big European bank to acknowledge moving funds through the U.S. financial system for countries like Iran and Sudan. Commerzbank is the latest in a series of big foreign banks that have been penalized for sanctions-related...

  • The broadsides from the two closely-aligned Northern European bankers underline that while the European Central Bank's bond-purchasing program has eased tension on financial markets, it has not removed underlying tensions between core Northern and Southern members of Europe's monetary union. Klaas Knot of De Nederlandsche Bank said that France is on...

  • The broadsides from the two closely-aligned Northern European bankers underline that while the European Central Bank's bond-purchasing program has eased tension on financial markets, it has not removed underlying tensions between core Northern and Southern members of Europe's monetary union. Klaas Knot of De Nederlandsche Bank said that France is on...

  • Klaas Knot of De Nederlandsche Bank said that France is on track to break European budget rules in "14 out of 19" years of the euro's existence. In Frankfurt, Bundesbank President Jens Weidmann warned that the current low interest rates brought on by the European Central Bank's purchasing of government bonds are exceptional. "That goes not only for the countries...

  • LONDON/ FRANKFURT, March 11- A consortium of private equity firms CVC and KKR has tabled the highest bid to take control of Philips' lighting components business, though rival Bain Capital could still make a better offer, three sources familiar with the matter said. Philips' adviser Morgan Stanley aims to enter exclusive talks with one of the two sets of bidders in...

  • *Greece to start talks with EU, ECB, IMF on Wednesday. BRUSSELS, March 9- After euro zone finance ministers told Greece to "stop wasting time" on Monday, its financial experts will begin technical talks with its international creditors on Wednesday to agree reforms and unlock further funding. Experts from the European Commission, European Central Bank and...

  • *Greece to start talks with EU, ECB, IMF experts Wednesday. BRUSSELS, March 9- The head of euro zone finance ministers urged Greece on Monday to "stop wasting time" and buckle down to serious talks on implementing a reform programme to secure urgently needed fresh funds from its international creditors. Ministers spent barely 30 minutes discussing Greece at their...

  • BRUSSELS, March 9- The head of euro zone finance ministers urged Greece on Monday to "stop wasting time" and buckle down to serious talks and implementation of a reform programme to secure urgently needed fresh funds from its international creditors. "We have to stop wasting time and really start talks seriously," he said, adding that euro zone partners stood ready...