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  • *Crude dips as market reassesses conflict in Yemen. Asian shares dropped overnight but the pan-European FTSEurofirst tip-toed higher as a 0.2 percent fall for Britain's FTSE was offset by 0.6 and 0.1 percent gains on Germany's DAX and France's CAC 40.. "I'm not surprised that European shares are fading their gains," said Gavin Friend, a strategist at National...

  • *Yemen sits on Bab el- Mandeb Strait supply chokepoint. LONDON, March 27- Oil prices fell more than $1 a barrel on Friday as worries receded over the threat of disruptions to Middle East supplies due to Saudi Arabia- led air strikes in Yemen. Oil jumped around 5 percent on Thursday, its biggest daily gain in a month, after air strikes in Yemen by Saudi Arabia and its Gulf...

  • LONDON, March 27- The dollar climbed broadly on Friday, extending a rebound begun the previous day after Federal Reserve officials signaled they were still on track to raise interest rates this year. "It's pretty clear that the market psychology is still to buy the dollar on dips, and hence we had this huge reversal in the dollar," said Alvin Tan, a currency strategist...

  • LONDON, March 27- The Bank of England is warning about potential irregularities in financial markets on a regular basis as it tries to address the problems that dragged it into recent market scandals, a senior BoE official said. Chris Salmon, executive director of markets at the BoE, also told Reuters that more rigid rules of engagement for the central bank's...

  • Stocks recover their poise ahead of US economic data Friday, 27 Mar 2015 | 2:24 AM ET

    TOKYO— Asian shares were lackluster Friday as the conflict in Yemen ripped through the Middle East and Japanese data showed the world's No. 3 economy is still in the doldrums. KEEPING SCORE: Japan's Nikkei 225 fell 1.3 percent to 19,213.15 and South Korea's Kospi was down 0.3 percent at 2,016.94. MIDDLE EAST: The turmoil in Yemen has erupted into a regional...

  • The potential deal, first reported by Women's Wear Daily, could value Net-a-Porter lower than the valuation of 2 billion euros reported by the fashion industry trade journal, Forbes said, citing the person. "It's Day 1 in the category," Amazon Chief Executive Jeff Bezos told the New York Times in an interview in 2012, saying the company was making a "significant"...

  • WASHINGTON— There is little effective, real-world screening of airline pilots for mental problems despite regulations in the U.S., Europe and elsewhere that say mental health should be part of their regular medical exams, pilots and safety experts said. Authorities believe the 27- year-old German deliberately sought to destroy the Airbus A320 as it flew...

  • DIARY- Top Economic Events to April 9 Thursday, 26 Mar 2015 | 8:02 PM ET

    SAN FRANCISCO, United States- Federal Reserve Chair Janet Yellen speaks on "Monetary Policy" before the Federal Reserve Bank of San Francisco Conference: The New Normal for Monetary Policy- 1945 GMT. PRISHTINA- European Central Bank's Deputy Director General International& European Relations, Gilles Noblet, speaks at an event to celebrate the conclusion of a...

  • *Iran denounces strikes, Russia calls for "immediate ceasefire". NEW YORK, March 26- Oil jumped about 5 percent on Thursday, the biggest daily gain in a month, as air strikes in Yemen by Saudi Arabia and its Gulf Arab allies sparked fears that escalation of the Middle East battle could disrupt world crude supplies. The Saudi military operation against the Iran- backed...

  • The price of oil rose sharply on Thursday as mounting tensions in Yemen got traders worried that the flow of crude from the Persian Gulf region could be disrupted. Saudi Arabia and other Gulf states launched strikes on key military installations in Yemen. U.S. crude rose $2.22, or 4.5 percent, to close at $51.43 a barrel in New York.

  • *Iran denounces strikes, Russia calls for "immediate ceasefire". NEW YORK, March 26- Oil jumped about 5 percent on Thursday, rallying a second straight day, after air strikes in Yemen by Saudi Arabia and its Gulf Arab allies sparked fears of a bigger Middle East battle that could disrupt world crude supplies. Pakistan, a Riyadh ally far away from the conflict, promised a "...

  • Leading European budget airlines Norwegian Air Shuttle and EasyJet, along with Air Canada, say they will now require a minimum of two crew members in the cockpit while a plane is in the air. A group representing Germany's biggest airlines, including Lufthansa and Air Berlin, say they plan similar rules. Transport Minister Lisa Raitt said the government is...

  • *Judge orders Wanxiang to cease court case in Shanghai. LONDON, March 26- Trading house Trafigura and China's Wanxiang Resources are expected to agree to arbitration in Hong Kong for a dispute linked to alleged metals financing fraud after sparring over jurisdiction, lawyers for the firms said. Justice Blair at England's High Court encouraged the two sides to...

  • *Ukraine wants bondholders to accept debt writedown. LONDON, March 26- A legal conundrum is threatening plans to ease Ukraine's debt burden and possibly its entire $40 billion IMF-led bailout: should a $3 billion Eurobond held by Russia be classed as commercial paper, or as bilateral sovereign debt? Moscow bought the bonds from Kiev before a pro-Russian...

  • LONDON, March 26- Conflict in Yemen risks spilling out into the busy sea lanes that pass it and potentially disrupt the narrow Bab el-Mandeb passage through which nearly 4 million barrels of oil are shipped daily to Europe, the United States and Asia. Oil prices rose as much as 6 percent on Thursday after neighbouring Saudi Arabia and its allies launched air...

  • *Oil rises on fears of Middle East supply disruption over Yemen. *Gold tops $1,200 an ounce. NEW YORK, March 26- Stock markets worldwide were knocked lower and oil prices jumped on Thursday after Saudi Arabia and its allies carried out air strikes in Yemen that fueled worries Middle East energy shipments may be put at risk, although Wall Street later recovered.

  • LONDON, March 26- Copper hit its highest in nearly three months on Thursday after mines closed in the world's top producer Chile due to flooding and oil rallied on military strikes in Yemen. Torrential downpours in the north of Chile forced companies to suspend operations at some major mines on Wednesday, putting an estimated 1.6 million tonnes of capacity on...

  • NEW YORK/ LONDON, March 26- Raw sugar futures tested the prior session's six-year low in thin trade on Thursday, under pressure from a strengthening dollar, abundant supplies and light physical demand, while arabica coffee extended gains. New York cocoa futures eased, pressured by the weak sterling, and bucking the session's higher trend in larger commodity...

  • "The flight deck is capable of accommodating three pilots and there shouldn't ever be a situation where there is only one person in the cockpit," said James Hall, a former chairman of the National Transportation Safety Board, referring to the "jump seats" in airliners. Hall was head of the safety board in 1999 when the board investigated the crash of an EgyptAir plane...

  • Yemen war clouds raise dangers for top oil shipping route Thursday, 26 Mar 2015 | 12:39 PM ET

    LONDON, March 26- Conflict in Yemen risks spilling out into the busy sea lanes that pass it and potentially disrupt the narrow Bab el-Mandeb passage through which nearly 4 million barrels of oil are shipped daily to Europe, the United States and Asia. Oil prices rose as much as 6 percent on Thursday after neighbouring Saudi Arabia and its allies launched air...