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  • BERLIN, March 5- Europe's largest dedicated online fashion retailer Zalando said on Thursday it plans to hire new employees on a large scale as it expands its fashion platform to support a target of 20-25 percent growth in 2015.. Zalando, which listed in Frankfurt last year, rushed out preliminary 2014 results last month after they beat analyst expectations,...

  • DIARY-Top Economic Events to March 18 Wednesday, 4 Mar 2015 | 7:01 PM ET

    TEXAS- Federal Reserve Bank of Dallas President Richard Fisher speaks on "Reflections on 10 Years at the Fed& Farewell, El Paso" before a community forum hosted by the Federal Reserve Bank of Dallas El Paso Branch- 0000 GMT. SYDNEY- Reserve Bank of Australia Deputy Governor Philip Lowe speaks at the Goldman Sachs 10th Annual Global Macroeconomics Conference- 0130...

  • NEW YORK— Upscale hotel chain Mandarin Oriental says it is investigating a potential credit card breach at its hotels. Mandarin Oriental said it is coordinating with credit card agencies and forensic specialists. Mandarin Oriental operates hotels across the world including Paris, Shanghai, Hong Kong, London, New York, Miami, San Francisco, Prague, Boston, Las...

  • *Iran reiterates opposition to nuclear deal with timelines. NEW YORK, March 4- U.S. oil futures rose on Wednesday and benchmark Brent pared losses as OPEC member Iran stressed that it opposed a timeline for a freeze on nuclear activities, news that helped crude rebound from an early slide tied to swelling U.S. stockpiles. U.S. crude settled up $1.01 at $51.53 a barrel,...

  • NEW YORK, March 4- U.S. oil futures rebounded on Wednesday and benchmark Brent pared losses as OPEC member Iran reinforced its opposition to a nuclear deal with timelines, helping the market recover from an earlier price slide tied to big U.S. crude supplies. Brent was down 57 cents at $60.45 a barrel at 2:41 p.m. EST, off the day's low of $59.47.

  • LONDON, March 4- Britain on Wednesday told Russian oligarch Mikhail Fridman he had seven days to explain why he should be allowed to retain ownership of newly acquired oil and gas fields in the North Sea or face being forced to sell them. Upping the ante in a standoff that could deter other Russians from investing in Britain, Ed Davey, Britain's energy minister,...

  • NEW YORK, March 4- Oil prices fell on Wednesday after U.S. crude stock builds were more than twice levels forecast, although prices held off recent lows after Saudi Arabia's oil minister said he expected prices to recover soon from the selloff of recent months. "It's another bearish data point in an already bearish fundamental environment," said Dominick...

  • LONDON, March 4- Britain will not drop its opposition to Russian billionaire Mikhail Fridman's purchase of North Sea oil and gas fields after cementing its objections at a meeting chaired by Prime Minister David Cameron, a government source told Reuters. But the British government has said that it is concerned that production at the fields could be halted if...

  • GENEVA— Carmakers have found their swagger against after years of worrying about making cars cheaper and more fuel efficient. Here's a look at what it was like at the car show in Geneva, where manufacturers put their best and latest on display. Photographers Laurent Cipriani, Martial Trezzini and Sandro Campardo contributed.

  • Euro weakness, exports lift southern Europe car output Wednesday, 4 Mar 2015 | 11:25 AM ET

    *FCA is turning the corner in Europe, CEO Marchionne says. GENEVA, March 4- While southern Europe is experiencing at best a patchy economic recovery, the outlook for the region's car makers is a little less bumpy thanks to the weak euro, cheaper oil and labour reforms. At the Geneva auto show, industry executives have warned against overoptimism about what might yet...

  • *Saudi Arabia raises monthly prices for crude sales. LONDON, March 4- Brent crude oil extended losses to fall below $60 a barrel on Wednesday after a much larger-than-expected build in U.S. crude stocks, while Saudi Arabia's oil minister said he expected the market to balance itself and prices to recover. April Brent fell $1.46 to $59.56 by 1538 GMT, dropping below...

  • *Higher fund flows coming from eastern Europe to Dubai. Swiss-based but Abu Dhabi- owned Falcon would be open to deals covering its core target markets of the Gulf, Eastern Europe, Africa and South East Asia, according to Erich Pfister, who took up the role in January. The last major acquisition by Falcon, which manages around 16 billion francs of assets, was the...

  • Vienna again tops survey of world's nicest cities Wednesday, 4 Mar 2015 | 10:02 AM ET

    VIENNA, March 4- Vienna, Austria's elegant capital on the Danube river, has again been commended as offering the best quality of life of any city in the world; Baghdad, once more, was deemed the worst to live in. Zurich, Munich, Duesseldorf and Frankfurt remained in the top 10.. New Zealand, Australia and Canada each have a city in the top 10..

  • Merkel dampen talk of 3rd Greek bailout Wednesday, 4 Mar 2015 | 9:44 AM ET

    BRUSSELS— German Chancellor Angela Merkel and the president of the European Union's executive branch cautioned Wednesday against speculation that Greece will need a third financial bailout. Greece and its creditors recently agreed a four-month extension to Athens' second bailout to June. De Guindos later said Greece will need a new accord or program if it...

  • LONDON, March 4- Brent crude oil slipped towards $60 a barrel on Wednesday as a stronger dollar pressured commodity prices, while Saudi Arabia's oil minister said he expected the market to balance itself and for prices to recover. Oil Minister Ali al-Naimi said he expected supply and demand would soon match and oil prices, which hit a near six-year low of $45 in...

  • Top French court approves extradition of Kazakh banker Wednesday, 4 Mar 2015 | 9:04 AM ET

    PARIS— France's top appeals court on Wednesday approved the extradition of a Kazakh oligarch-turned-dissident to Russia or Ukraine— but his lawyers urged the French government to reconsider, arguing that the case is politically motivated. Ablyazov's lawyers say he is being pursued because of his activities as an opposition leader in autocratic...

  • LONDON, March 4- Brent crude oil steadied above $60 a barrel on Wednesday after Saudi Arabia's oil minister said he expected the oil market to balance itself. Oil Minister Ali al-Naimi said he hoped and expected the oil market to balance and prices, which hit a nearly six-year low around $45 in January, to stabilize, adding to signs OPEC's largest exporter is...

  • 5 stunners from the Geneva car show Wednesday, 4 Mar 2015 | 7:07 AM ET

    GENEVA— Forget driverless cars, electric power or even green technology. There is no doubt what visitors are coming to see at the glamorous Geneva motor show: supercars. "There are an awful lot of fast cars and supercars on display this year," said Jim Holder, editor-in-chief of Autocar magazine.

  • *Venerable British firm under threat from nimbler rivals. LONDON, March 4- Shoppers usually blame dowdy clothes and tired stores for the painful decline of Britain's former retail powerhouse Marks& Spencer. "There's a killing to be made if they can serve older women better," said Patsy Perry, a lecturer in fashion marketing at the University of Manchester.

  • *Audi launches revamped R8 e-tron at Geneva show. *Audi still treading carefully in electric cars- analysts. At the Geneva auto show, Audi unveiled an emission-free version of its 165,000- euro R8 that can drive 450 kilometres before needing to recharge, which takes less than two hours.