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  • TOKYO, March 27- Japan's Nikkei share average tumbled to a two-week low on Friday, led by futures selling as hedge funds took profits from recent gains. The Nikkei benchmark fell 1.7 percent to 19,141.62 points after falling to as low as 19,099.87 in mid-afternoon trade, the lowest level since March 13. Exporters also suffered, with Toyota Motor Corp falling 2.0...

  • NEW YORK, March 27- A 4 percent decline in biotechnology stocks on Wednesday sent the Nasdaq Composite Index to its largest one-day loss in nearly a year, and some investors are betting that the once-hot sector has further to fall. Overall, a screen of about 1,650 mid-cap U.S. companies shows biotech stocks, on average, have a short interest ratio of about 11.6...

  • Representatives from Citigroup, JPMorgan, Goldman Sachs and Bank of America, have met to discuss ways to urge Democrats, including Warren and Ohio Senator Sherrod Brown, to soften their party's tone toward Wall Street, sources familiar with the discussions said this week. Still, political strategists say Clinton could struggle to raise money among Wall Street...

  • *China market on track to end the week up about 2 pct. SHANGHAI, March 27- China stocks rose on Friday morning, led by property shares which rose sharply on expectations of increased support, and bolstered by the government raising limits in its qualified investor scheme. The impact of poor economic data released on Friday- showing profits earned by Chinese...

  • Attorney Melinda Haag said Thursday a federal jury in Oakland found 66- year-old Ebrahim Shabudin guilty of conspiring with others within the bank to falsify key bank records as part of a scheme to conceal millions of dollars in losses and falsely inflate the bank's financial statements. Shabudin was Chief Operating Officer for United Commercial Bank...

  • *Crude dips after rally as market reassesses conflict in Yemen. TOKYO, March 27- Asian stocks were mixed on Friday as rising tensions in the Middle East obscured the investment outlook, while the dollar rebounded. Crude oil prices were lower due to the dollar's bounce and as the market reassessed the potential impact of the escalating conflict in Yemen, where...

  • *Yemen sits on Bab el- Mandeb Strait supply chokepoint. SINGAPORE, March 27- Oil prices fell more than $1 on Friday, after sharp gains in the previous session, as worries of a disruption to crude supplies due to Saudi Arabia- led air strikes in Yemen eased. Oil jumped around 5 percent on Thursday, the biggest daily gain in a month, as air strikes in Yemen by Saudi Arabia and...

  • HONG KONG, March 27- China's yuan edged down against the dollar on Friday after the central bank set a weaker midpoint and is heading for its first weekly loss in a month. The People's Bank of China set the midpoint rate at 6.1397 per dollar prior to market open, lower than the previous fix at 6.1375. A sudden turnaround in the dollar's fortunes overnight saw the...

  • Senate pushes conservative budget toward approval Friday, 27 Mar 2015 | 12:19 AM ET

    WASHINGTON— Republicans pushed a balanced-budget blueprint toward post-midnight Senate approval early Friday, laying down conservative markers for a likely veto struggle with President Barack Obama over their plans to end deficits, cut trillions in spending and repeal the health care law. Separately, legislation to stabilize the system for paying...

  • 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"...

  • BANGKOK— Thailand's junta leader has vowed to take legal action against companies using forced labor, after an Associated Press investigation revealed that fish caught by enslaved migrant workers was being exported from Thai ports to global markets. The more than 40 men the AP interviewed on Benjina said they were brought to Indonesia from Thailand and put...

  • China to cut on-grid thermal power tariffs -state media Thursday, 26 Mar 2015 | 11:39 PM ET

    BEIJING, March 27- China will cut on-grid wholesale prices of thermal electricity, probably from the second quarter of the year, as coal prices tumble, state media said on Friday. The National Development and Reform Commission is seen cutting benchmark on-grid prices by an average of 0.015 yuan per kilowatt hour, the Xinhua News Agency-run Economic Information...

  • SEJONG, South Korea/ SEOUL, March 27- South Korea hopes its infrastructure companies will benefit from the country joining the China-backed Asian Infrastructure Investment Bank, the finance ministry said on Friday. China is South Korea's biggest trading partner and the two countries are set to sign a free trade agreement in the first half of this year.

  • *Gold eases as dollar supported by strong US data. SINGAPORE, March 27- Gold eased on Friday as traders booked profits after a seven-day rally and as the dollar rebounded on strong U.S. data, but the metal looked set to post its second straight weekly gain on expectations U.S. interest rates will stay low for longer. Tensions in the Middle East after Saudi Arabia and...

  • BEIJING, March 27- China's industrial profits fell 4.2 percent in January-February from a year earlier as the economy slowed and profit margins deteriorated, moderating from an 8 percent drop in December but still the sharpest decline in the first two months since 2012.. Industrial firms made a combined profit of 745.2 billion yuan in January-February, the...

  • *Panasonic soars to the highest since Nov 2008. *Toshiba tumbles after SanDisk cut outlook. TOKYO, March 27- Japan's Nikkei share average edged up on Friday morning in choppy trade as investors bought stocks on the dips after the previous day's falls, while Panasonic Corp attracted buying after it announced an acquisition plan.

  • *Yemen sits on Bab el- Mandeb Strait supply chokepoint. SINGAPORE, March 27- Oil prices fell over a percentage point on Friday as traders estimated that the threat of a disruption to world crude supplies from Saudi Arabia- led air strikes in Yemen was low. Goldman Sachs said in an overnight note that the strikes in Yemen would have little effect on oil supplies as the...

  • WASHINGTON, March 26- The International Monetary Fund has not decided whether Russia's $3 billion holding of Ukrainian debt should be classified as "official" debt, an IMF spokesman said on Thursday, taking back an earlier statement. Ukraine, which recently received a $17.5 billion bailout from the International Monetary Fund, must come up with at least $15.3...

  • MELBOURNE, March 27- London copper fell on Friday but was set for its third straight weekly climb, buoyed as severe flooding affected mines in key producer Chile and as seasonal demand from top consumer China slowly improved. *Three-month copper on the London Metal Exchange had fallen 0.9 percent to $6,119 a tonne by 0115 GMT. *The most-traded June copper contract...

  • China Jan-Feb industrial profits down 4.2 pct yr/yr Thursday, 26 Mar 2015 | 9:40 PM ET

    BEIJING, March 27- Profits earned by Chinese industrial firms fell 4.2 percent in January-February from a year earlier to 745.2 billion yuan, compared with an annual fall of 8 percent in December, the National Bureau of Statistics said on Friday. The bureau always gives a combined profit figure for the first two months of each year to smooth out seasonal...