The euro zone's new chief banking regulator has warned that some of the region's lenders have no future and should be allowed to die, the FT reports.» Read More
*USDA report, China trade data trigger soy setback. LONDON, March 11- Soybean prices fell on Tuesday, extending the prior session's steep setback on smaller-than-expected reductions in U.S. Department of Agriculture estimates of domestic stocks and South American production.
Broader market sentiment, however, was still undermined by a crisis in Ukraine, where confrontation between Kiev and Moscow showed no sign of easing. The Dax had fallen 2.9 percent in the previous two sessions, dragged down by worries about Ukraine and by disappointing Chinese trade data.
VIENNA, March 11- Austria and America Movil are still in talks on pooling their stakes in Telekom Austria but have not moved to formal negotiations, the state holding company said.
*India declines to remove cap on FII investment in govt debt. NEW DELHI, March 11- India has put on ice plans to join major emerging market bond indexes that would require removal of restrictions on capital inflows, two sources said, taking a decision that knocked the rupee, but showed balance of payments concerns were easing.
PARIS, March 11- The recovery in developed economies is on track although slowing activity in big emerging markets means global growth will be only moderate at best in the near term, the OECD said on Tuesday.
KUALA LUMPUR, March 11- Malaysia's military believes it tracked a missing jetliner by radar over the Strait of Malacca, far from where it last made contact with civilian air traffic control off the country's east coast, a military source told Reuters. It made it into the Malacca Strait, "the military official, who has been briefed on investigations, told Reuters.
*Spain's de Guindos hints at extra round of talks. BRUSSELS, March 11- European ministers haggled over how to build a safety net for failing banks on Tuesday, redoubling efforts to avoid an embarrassing delay to the euro zone's centrepiece crisis reform. "This is important for the signal it sends to markets," said Spain's Economy Minister Luis de Guindos.
Speaking at a news conference after Monday's meeting of euro zone finance ministers, Dutch Finance Minister Jeroen Dijsselbloem said "further work is needed on several fronts" before the review of progress on reforms required under Greece's 237 billion euro bailout could be closed. Greece has shown signs of recovery from a six-year recession.
*Portugal leads risers as sovereign yields fall to 4- year lows. LONDON, March 11- European shares steadied after a two-day slide on Tuesday, with concerns over the Ukraine crisis sapping appetite for risk, although Portuguese stocks outperformed on mounting bets for a turnaround in the country's finances.
KUALA LUMPUR, March 11- Malaysia is investigating whether any passengers or crew aboard a missing airliner had personal or psychological problems that might explain its disappearance, along with the possibility of a hijack, sabotage or mechanical failure, police said on Tuesday.
*India declines to remove cap on FII investment in govt debt. NEW DELHI, March 11- India has put on ice plans to join major emerging market bond indexes that would require it to remove restrictions on foreign capital inflows, two sources said, signalling easing concerns about the rupee and the balance of payments.
LONDON- Bank of England Governor Mark Carney and Executive Director for Markets Paul Fisher will speak on the Inflation Report at Treasury Select Committee- 0930 GMT. Assistant Secretary for Tax Policy Mark Mazur will deliver remarks at the 2014 National Congress of American Indians Executive Council Winter Session.
*Countries grapple for deal to prevent embarrassing delay. BRUSSELS, March 10- Euro zone governments edged closer on Monday towards a deal on how to wind down failing banks, but reached no conclusions and more negotiations will take place on Tuesday to address demands of the European Parliament.
March 10- Germany has granted Northwest Biotherapeutics Inc special permission to sell its experimental brain cancer drug in the country, the company said, and its stock jumped as much as 36 percent.
PARIS, March 10- French companies see little hope for domestic growth this year and are stepping up efforts to cut costs and fine-tune product lines to contend with stubbornly tough market conditions.
BRUSSELS, March 10- In its effort to show Russia it means business over Ukraine, the European Union may have created extra problems for itself in committing to a quick political deal with Kiev while leaving closer economic ties for later.
FRANKFURT/ BRUSSELS, March 10- Brussels dealt a blow on Monday to two major Russian pipeline projects to supply natural gas to Europe, in the latest sign of strains in the energy links between Moscow and the European Union. Russia's seizure of Ukraine's Crimea region has already shaken political relations between Russia and the European Union.
March 10- Minerals Technologies Inc said on Monday it would buy Amcol International Corp, which produces a type of clay used in everything from cosmetics to oil drilling, for about $1.7 billion as Imerys SA bowed out of a month-long bidding war.
*Countries grapple for deal to prevent embarrassing delay. BRUSSELS, March 10- European governments and lawmakers will try to reach a deal this week on how to wind down failing banks, clearing the way for a landmark reform as time runs out to win European Parliament approval before May elections.
FRANKFURT/ BRUSSELS, March 10- Political talks between EU officials and Russia on its South Stream gas pipeline to bypass Ukraine are on hold, while Gazprom's access to another vital link has stalled for technical reasons, the European Commission said on Monday.