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  • *China announces steps Monday to prop up sliding house prices. TOKYO, March 31- Asian stocks rose on Tuesday after a rally on Wall Street and steps by China to shore up its economy boosted risk appetite, while Greek debt worries again haunted the sagging euro. After unveiling details over the weekend for a modern " Silk Road" that could pump tens of billions of dollars...

  • NEW YORK/ LONDON, March 30- Mergers and acquisitions this year reached their highest first-quarter level since 2007, as companies defied headwinds such as currency and oil price volatility and sought growth-boosting deals amid favorable financing conditions. "The deal activity in the first quarter was driven by continuing cash accumulation at companies,...

  • LONDON/ HONG KONG, March 31- Global equity issuance rose by a fifth to $231.5 billion in the three months through March, a record high for a first quarter, as a sharp rise in secondary share sales outweighed a drop in company flotations, Thomson Reuters data showed on Tuesday. Money raised from flotations, or initial public offerings, fell a fifth to $37.2 billion,...

  • WASHINGTON— In a highly anticipated announcement, the United States will offer a roughly 28 percent emissions cut as its contribution to a major global climate treaty nearing the final stages of negotiation, according to people briefed on the White House's plans. Although the goal of 26 percent to 28 percent by 2025 isn't new— President Barack Obama first...

  • WASHINGTON/ ZURICH, March 30- Swiss private bank BSI SA avoided prosecution for suspected tax-related offenses by paying a $211 million penalty, becoming the first bank to reach a deal in the U.S. Department of Justice's voluntary disclosure program, the department said on Monday. The agreement is expected to be the first of a flood of settlements by...

  • March 30- Aluminum maker Alcoa Inc said on Monday it will shut its only remaining smelter in Brazil, the latest victim of a toxic mix of weak metal prices and high energy costs. The closure will cut Brazil's annual production to under 900,000 tonnes even as consumption is expected to grow as South America's largest economy prepares to host the 2016 Olympics.

  • *Greece lowers target for asset sales, proposes bad bank. ATHENS March 30- Prime Minister Alexis Tsipras on Monday appealed for an "honest compromise" with lenders but warned Greece would not agree to an "unconditional" one, after its biggest creditor demanded it do more to show commitment to reform. Athens could run out of cash by April 20, a source has previously said.

  • *China shares hit seven-year high on ambitious Silk Road project. Also Monday, Israel's Teva Pharmaceutical Industries said it would buy U.S. biopharmaceutical firm Auspex Pharmaceuticals Inc for $3.5 billion, and Ireland's Horizon Pharma Plc agreed to buy U.S. drugmaker Hyperion Therapeutics Inc for about $1.1 billion. Earlier, China unveiled details of an...

  • Honda said the export plan is made possible by Honda's prior investments in its plants and it will therefore not require significant capital investment. Last year, Honda announced that it invest C $857 million over three years to upgrade its manufacturing plants in Alliston, Ontario, which will be the global lead for production of the next-generation Honda...

  • FRANKFURT, March 30- Germany's Allianz has estimated insurers will pay $300 million in claims and costs stemming from the crash of a Germanwings plane in the French Alps last week, insurance industry sources said on Monday. The initial estimate represents about 20 percent of the $1.5 billion in premiums in the global market for airline insurance.

  • LOS ANGELES— You can bring your beach towels and floral headbands, but forget that selfie stick if you're planning to go to the Coachella or Lollapalooza music festivals. Coachella dismissed them as "narsisstics" on a list of prohibited items. In Europe, the Palace of Versailles outside Paris, Britain's National Gallery in London and the Colosseum in Rome have all...

  • UPDATE 1-McDonald's starts table service in Germany Monday, 30 Mar 2015 | 3:13 PM ET

    FRANKFURT, March 30- McDonald's Corp is introducing table service in Germany as it reinvents itself as a "modern, progressive burger company" under new Chief Executive Steve Easterbrook. Germany has been a challenging market for McDonald's, which has struggled to find the right recipe for selling to the nation's health- and cost-conscious diners.

  • *China signals stimuli for economy. Treasury debt prices were mostly little changed on Monday, with longer-dated maturities giving back some gains from last week, as equity markets rose on signs China was moving to bolster its massive economy. Stocks, which often move inversely from bonds in prices, surged to seven-year highs in China, helped by Beijing's...

  • March 30- Blackstone Group LP, the world's largest private equity investor in real estate, has almost finished raising its next flagship global real estate fund, amassing $15.8 billion, a person familiar with the matter said on Monday. From buying single-family homes in the United States to distressed commercial property in Europe, real estate has overtaken...

  • BRUSSELS, March 29- After decades of punching above its weight in Europe, Britain's influence in the European Union is waning, even before we know whether a promised referendum on "Brexit" will go ahead. But there is growing frustration in Brussels, Berlin and Paris at the lack of clarity over Prime Minister David Cameron's goals if he is re-elected on May 7 and seeks...

  • DUESSELDORF, Germany, March 30- The German pilot suspected of deliberately crashing a plane in the French Alps last week was treated for suicidal tendencies years ago before he received his pilot's license, German prosecutors said on Monday. Investigators believe Lubitz, serving as co-pilot on a Germanwings flight from Barcelona to Duesseldorf on March 24th,...

  • BERLIN, March 30- After an already troubled first year as CEO of Lufthansa, Carsten Spohr must now deal with the aftermath of the Germanwings disaster whilst making the airline group fit to compete for the future. Spohr, a qualified pilot, has been trying to follow the example of rival IAG, the parent company of British Airways, Iberia and Vueling, by cutting staff...

  • HELSINKI— Swedish ferry operator Stena Line says it has converted one of its ships to enable it to run on methanol, testing the potential of the environmentally friendly fuel for the shipping industry. The company said the Stena Germanica re-entered service on March 26 to operate between Kiel, Germany, and Goteborg, on Sweden's southwestern coast, after a...

  • Volvo Cars plans to open its first US plant Monday, 30 Mar 2015 | 12:58 PM ET

    The $500 million plant will be Volvo's first car plant in North America. Volvo has been owned by Chinese automaker Geely Holding since 2010. It currently has two plants in Europe and two in China. Volvo CEO Hakan Samuelsson said the decision to open a U.S. plant highlights Volvo's long-term commitment to the U.S. market.

  • McDonald's starts table service in Germany Monday, 30 Mar 2015 | 12:56 PM ET

    FRANKFURT, March 30- McDonald's Corp is introducing table service in Germany as it reinvents itself as a "modern, progressive burger company" under new Chief Executive Steve Easterbrook, it said on Monday. Diners at its Frankfurt Airport restaurant in Germany, one of the company's toughest markets, will now be able to be served at their table after placing an order...