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  • 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...

  • PARIS/ SEYNE-LES-ALPES, March 26- A young German co-pilot barricaded himself alone in the cockpit of Germanwings flight 9525 and apparently set it on course to crash into an Alpine mountain, killing all 150 people on board including himself, French prosecutors said on Thursday. They offered no motive for why Andreas Lubitz, 27, would take the controls of the...

  • Outbound Chinese buyers confounding the doubters Thursday, 26 Mar 2015 | 5:00 PM ET

    *Chinese companies snap up $391 bln of foreign assets in decade. HONG KONG, March 27- ChemChina, which could soon face the task of integrating Italian tyre-maker Pirelli after its $7.7 billion bid, can take heart in the knowledge that Chinese buyers have made a decent fist of growing global brands in recent years. Success stories include the landmark 2004 purchase...

  • NEW YORK— Airline pilots are supposed to be the ones we trust. "In the near term, pilots will be looked at with a bit more suspicion," said former US Airways pilot John M. Cox, now CEO of the consulting firm Safety Operating Systems. Since the Sept. 11 terrorist attacks, aviation security has focused on protecting pilots from passengers— not the other way around.

  • ZURICH, March 26- Switzerland's currency is still significantly overvalued and the Swiss National Bank is prepared to intervene in the foreign exchange market if necessary, SNB bank board member Fritz Zurbruegg said on Thursday. In a speech in Zurich, he also defended the central bank's shock decision in January to abandon its three-year-old cap on the franc,...

  • Business events scheduled for the coming week Thursday, 26 Mar 2015 | 2:41 PM ET

    WASHINGTON— Commerce Department releases personal income and spending for February, 8:30 a.m.; National Association of Realtors releases pending home sales index for February, 10 a.m.. WASHINGTON— Institute for Supply Management releases its manufacturing index for March, 10 a.m.; Commerce Department releases construction spending for February, 10 a.m..

  • *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...

  • *Named as Andreas Lubitz, a German citizen. After listening to "black box" voice recordings, French prosecutors left no doubt that they believe 28- year-old Andreas Lubitz was in control of the Airbus A320 and set it on its fatal descent. Prosecutors in the German city of Duesseldorf said police were searching his home for evidence.

  • DETROIT, March 26- The Federal Reserve should remain on track to raise interest rates later this year despite the U.S. economy's weak start to the year and a stock market sell-off this week, two Fed officials said on Thursday. In separate events in Frankfurt and Detroit, St. Louis Fed President James Bullard and Atlanta Fed President Dennis Lockhart said U.S....

  • Pressure rises on Greece as savers drain bank deposits Thursday, 26 Mar 2015 | 11:25 AM ET

    The central bank of Greece said Thursday that private and business deposits dropped to 140.5 billion euros by the end of February. Some feared the clash could push Greece to bankruptcy and even cause it to fall out of the euro, a move that would devastate the country's financial system in the short term. Greece has its back against a wall as it badly needs money— it...

  • BERLIN, March 26- German Finance Minister Wolfgang Schaeuble said on Thursday that record low interest rates were causing considerable problems in Germany but added that he was not criticising the European Central Bank which needed to defend its inflation target. "We have an interest rate environment that is causing huge problems for us in Germany," he said at a...

  • BRUSSELS, March 26- International lenders are delaying plans to offer Ukraine billions of dollars on concerns Kiev cannot yet prove the cash will not vanish into a corrupt economy which EU officials fear could remain a "bottomless pit." Ukrainian authorities are still preparing a much-anticipated donor conference for April 28 but EU officials told Reuters...

  • *Named as Andreas Lubitz, a German citizen. Investigators and grieving relatives were left struggling to explain what motivated Andreas Lubitz, 28, to kill all 150 people on board the Airbus A320, including himself, in Wednesday's crash in the French Alps. He refused to re-open the door and sent plane into its fatal descent, Marseille prosecutor Brice Robin said.

  • AMSTERDAM, March 26- A Dutch regulatory agency raided the Amsterdam offices of taxi hailing service Uber on Thursday in connection with its UberPOP unit after a court deemed it illegal in December. Amsterdam newspaper Het Parool reported the company saying the raid was a "warning to international start-ups, technology companies and multinationals that...

  • Co-pilot was 'very happy' with Germanwings job Thursday, 26 Mar 2015 | 10:03 AM ET

    MONTABAUR, Germany— Andreas Lubitz never appeared anything but thrilled to have landed a pilot's job with Germanwings, according to those who helped him learn to fly as a teenager in this town in the forested hills of western Germany. Members of his hometown flight club in Montabaur, where he renewed his glider license last fall, told The Associated Press that the...

  • *Named as Andreas Lubitz, a German citizen. Andreas Lubitz gained sole control of the aircraft after the captain left the cockpit, refused to re-open the door and appears to have operated controls, sending the plane into its fatal descent, Marseille prosecutor Brice Robin said. He did this "for a reason we cannot fathom right now but which looks like intent to...

  • *Citi lowers forecasts on global smartphone sector. The STOXX Europe 600 Technology Index was down 2.4 percent at 1315 GMT, tracking a similar decline in the United States concentrated among semiconductor companies overnight. Traders said one reason for the pull-back was a note by U.S. investment bank Citigroup, which on Thursday cut its forecasts for the...

  • VIENNA, March 26- The European Central Bank has asked euro zone lenders to detail their exposure to Austria and provisions they plan to make after the country halted debt repayments by a "bad bank" winding down defunct lender Hypo Alpe Adria, financial sources told Reuters. Austria- which like Germany and Britain has already adopted ahead of schedule the new...

  • *Named as Andreas Lubitz, a German citizen. PARIS/ SEYNE-LES-ALPES, March 26- The co-pilot of the Germanwings airliner that crashed in the French Alps killing all 150 people aboard appears to have brought the A320 Airbus down deliberately, the Marseille prosecutor said on Thursday. German Andreas Lubitz, 28, left in sole control of the Airbus A320 after the...

  • EU signals further divergence from global banking rules Thursday, 26 Mar 2015 | 8:23 AM ET

    LONDON, March 26- The European Union will continue to diverge from global banking regulations where necessary to avoid overburdening smaller lenders, the bloc's financial services chief said on Thursday. Hill said he would "differentiate" from other Basel rules, too, in an effort to ensure that EU legislation is proportionate and takes into account different...