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  • CARACAS, March 18- Venezuela will launch a new "complementary" system to bolster the official foreign exchange system, and full details will be given on Tuesday, acting President Nicolas Maduro said.

  • BERLIN/ BRUSSELS, March 18- Just three weeks after being elected president of Cyprus, Nicos Anastasiades travelled to Brussels for his European debut last Thursday. According to one person who attended, Anastasiades asked his new friends to make sure any bailout for Cyprus was fair.

  • SINGAPORE, March 19- Gold hovered above $1,600 on Tuesday as nervousness around Cyprus' upcoming vote on a levy on bank deposits supported safe haven interest in gold, while outflows from exchange-traded gold funds kept gains in check. *Spot gold inched up 0.1 percent to $1,605.20 an ounce by 0024 GMT, near a 2-1/ 2- week high of $1,610.81 hit in the previous session.

  • SINGAPORE, March 19- London copper steadied on Tuesday above four-month lows hit in the previous session but investors stayed on the sidelies, wary about a controversial bailout plan for Cyprus, while consumers watched for more opportune levels to buy.

  • *Rosneft's $55 bln takeover of TNK-BP near to closing. MOSCOW/ LONDON, March 13- Representatives of the Alfa Group, set to earn billion of dollars from the sale of Anglo-Russian oil venture TNK-BP, have sounded out former BP CEOs John Browne and Tony Hayward about investing jointly in international oil projects.

  • *Cyprus works on tax levy deal to get bailout approved. NEW YORK, March 18- Wall Street was set for a lower open on Monday as a radical bailout plan for Cyprus that knocked confidence in European banks served as a reason for investors to lock in profits from the recent rally.

  • ATHENS, March 18- The Eurogroup has decided to give Cyprus more flexibility over a bank levy which is part of its bailout conditions, a Greek finance ministry source said on Monday after a teleconference of euro zone finance ministers.

  • *Deal breaks Boeing grip on fast-growing Indonesian carrier. PARIS, March 17- Europe's Airbus has landed a record order potentially worth $20 billion at list prices from Indonesia's Lion Air, sources familiar with the matter said on Sunday, smashing rival Boeing's grip on one of the world's fastest-growing airlines.

  • *Sun Art, Tingyi slide after 2012 earnings miss. *China property jitters linger after home price data. HONG KONG, March 18- Hong Kong shares tumbled on Monday to their lowest close in more than three months, while onshore Chinese markets suffered their worst loss in two weeks, hit by concerns ranging from the euro zone to China's property and financial sectors.

  • European investors look beyond Cyprus storm Monday, 18 Mar 2013 | 10:53 AM ET

    *Low volumes show investors sitting out market move. LONDON, March 18- European investors said a surprise bank tax in Cyprus was not a reason for a sustained market drop and some saw Monday's weakness as an opportunity to buy stocks and the euro.

  • CAIRO, March 18- Egypt rejected on Monday any link between stalled parliamentary elections and its drive to secure a loan from the IMF as it struggles with a budget and foreign currency crisis.

  • COLUMN - Europe's hair-trigger economy: Summers Monday, 18 Mar 2013 | 8:58 AM ET

    March 18- Europe's economic situation is viewed with far less concern than was the case six, 12 or 18 months ago. Policymakers in Europe far prefer engaging the United States on a possible trade and investment agreement to more discussion on financial stability and growth. Is Europe out of the woods?

  • *STMicro, Ericsson couldn't find a buyer for the JV. *Ericsson to take on loss-making 4 G chip product line. PARIS/ STOCKHOLM, March 18- STMicroelectronics and Ericsson will end their loss-making mobile chip joint venture ST-Ericsson by splitting parts of the business between them and closing the rest with the loss of about 1,600 jobs.

  • AstraZeneca to axe 1,600 jobs in major R&D overhaul Monday, 18 Mar 2013 | 9:14 AM ET

    LONDON, March 18- AstraZeneca is to cut around 1,600 jobs as it overhauls it research operations and consolidates drug development work in three major centres. The move will see the end of drug research at the company's Alderley Park facility in northern England, for many years a hub of the group's R&D efforts, the drugmaker said on Monday.

  • UPDATE 3-Cyprus tries to rework divisive bank tax Monday, 18 Mar 2013 | 6:23 AM ET

    The weekend announcement that Cyprus would impose a tax on bank accounts as part of a 10 billion euro bailout broke with previous practice that depositors' savings were sacrosanct and sent a shiver across the bloc, causing the euro to tumble and stock markets to dive.

  • PREVIEW-AstraZeneca faces long haul back to health Monday, 18 Mar 2013 | 5:02 AM ET

    LONDON, March 18- AstraZeneca's new CEO Pascal Soriot, outlining his investment strategy for the ailing drugmaker this week, is unlikely to offer any quick fixes to plug a looming $6 billion sales gap.

  • OSLO, March 18- Norway's Statoil has made a fresh gas find offshore Tanzania, bringing it closer to having the resources to justify a liquefied natural gas project that would export the fuel from East Africa, it said on Monday.

  • TOKYO, March 18- Stocks and commodities fell sharply in Asia on Monday as investors were rattled by a radical bailout plan for Cyprus and piled into safer assets including the U.S. dollar, gold and sovereign debt.

  • *Markets predict share price swoon across Europe. *Cyprus faces make-or break vote over deposit tax. The announcement at the weekend that tiny Cyprus would impose a tax on bank accounts as part of a 10 billion euro bailout broke with previous European practice that depositors' savings were sacrosanct.

  • SINGAPORE, March 18- Banks and other firms in Singapore are under pressure to hire more locals and give them opportunities to advance as the government of the wealthy Asian financial centre tries to contain public anger over its policy to attract foreign talent.