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TOP STORIES
Cyprus parliament ready to veto deposit tax
NICOSIA - Cyprus's parliament is set to reject a divisive tax on bank deposits in a vote scheduled for Tuesday, a government spokesman says, a move that will push the island closer to a default and banking collapse. (EUROZONE-CYPRUS/ (UPDATE 4, PICTURE, TV, GRAPHICS), expect by 1100 GMT/7 AM EDT, by Michele Kambas and Karolina Tagaris , 760 words)
+ See also:
- CYPRUS-FRANCE/(UPDATE 1), moved, 260 words
- EUROZONE-CYPRUS/IIF (UPDATE 1), moved, 440 words
- CYPRUS-PARLIAMENT/VOTE (FACTBOX), moved, 400 words
- EU-BANKINGUNION/, moved, by John O'Donnell, 500 words
Shares, euro dip on Cyprus concerns
LONDON - The euro and European shares fall for a second day as investors worried about the uncertainty over a bailout for Cyprus aimed at preventing a debt default and banking collapse. (MARKETS-GLOBAL/ (WRAPUP 4), moved, by Marc Jones, 400 words)
UK inflation hits 9-month high as oil prices jump
LONDON - British inflation rises to hit a nine-month high in February, official data shows, sharpening the debate on whether the Bank of England should add more stimulus to the stagnant economy. (BRITAIN-ECONOMY/INFLATION, moved, 400 words)
Trade, economy top agenda as China's Xi meets U.S.'s Lew
BEIJING - China and the United States put trade and economic issues at the top of their diplomatic agenda as President Xi Jinping meets U.S. Treasury Secretary Jack Lew and calls for the two sides to focus on shared interests rather than differences. (CHINA-USA/ (WRAPUP 1, TV, PICTURE), moved, by Anna Yukhananov and Aileen Wang, 880 words)
+ See also:
- CHINA-ECONOMY/REFORM (ANALYSIS), moved, by Nick Edwards, 1,150 words)
ECONOMY
Draghi says ECB monetary policy fragmented
FRANKFURT - A fragmented financial market in Europe has led to the fragmentation of the European Central Bank's single monetary policy, ECB President Mario Draghi says. (ECB/DRAGHI-POLICY (UPDATE 1), moved, 350 words)
Italy industrial output jumps more than expected 0.8 pct
ROME - Italian industrial output was stronger than expected in January, rising 0.8 percent after four consecutive monthly falls, data shows. (ITALY-ECONOMY/, moved, 150 words)
India cuts interest rates; warns of limited room for easing
MUMBAI - India's central bank lowers its benchmark policy rates by 25 basis points for the second time this year in a bid to help revive growth in Asia's third-largest economy, but warns that the scope for further easing is limited. (INDIA-ECONOMY/RATES (UPDATE 2, PICTURE), moved, by Neha Dasgupta and Tony Munroe, 635 words)
COMPANIES
Ryanair unveils $15.6 billion Boeing order
DUBLIN - Irish low-cost airline Ryanair announces a $15.6 billion order for about 175 passenger jets from U.S. aircraft manufacturer Boeing. (BOEING-RYANAIRORDER/ (UPDATE 1), moving shortly, 300 words)
European car sales fall 10.2 percent in February
MILAN - Europe's car market shrank a further 10.2 percent in February, with sales of new vehicles falling to 829,359, according to figures from the Association of European Car Manufacturers (ACEA). (AUTOS-EUROPE/ (UPDATE 1), moved, 330 words)
ThyssenKrupp preparing capital increase - report
FRANKFURT - German steelmaker ThyssenKrupp is preparing a capital increase that will dilute the holding of its biggest shareholder, German daily Handelsblatt reports, citing company sources. (THYSSENKRUPP-CAPITAL/ (UPDATE 1), moved, 300 words)
ARM's CEO to step down, to be replaced by president
LONDON - The chief executive of ARM Holdings Warren East is stepping down after nearly 12 years in the role, making way for another ARM insider as the British electronic chip designer looks to expand globally. (ARM/ (UPDATE 1), moved, by Rosalba O'Brien, 350 words)
Convenience stores, online help Sainsbury top forecasts
LONDON - J Sainsbury, Britain's third-largest grocer, beat forecasts for underlying sales in its fourth quarter, with strong growth online and in convenience stores offsetting a weaker performance in traditional stores. (SAINSBURY-SALES/ (UPDATE 1), moved, 440 words)
Big miners: slower China steel growth to weigh on iron ore
PERTH - Three of the world's largest iron ore producers warn of weakening markets and softer prices as China reigns in its steel industry after years of rapid growth. (AUSTRALIA-IRONORE/RIOTINTO (UPDATE 2), moved, by James Regan and Manolo Serapio Jr, 700 words)
+ See also:
- MINING-DISPOSALS/(DEALTALK), moved, by Clara Ferreira-Marques, 850 words
France's Iliad sees profit drop 26 pct on build-out costs
PARIS - France's low-cost telecom operator Iliad posts a 26 percent earnings drop because of the ongoing cost of building its new mobile network that still beat analysts' forecasts. (ILIAD-RESULTS/ (UPDATE 1), moved, 535 words)