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TOP STORIES
Cyprus aims to let small savers off deposit tax, veto likely
NICOSIA - Cyprus's government proposes to spare small savers from a divisive levy on bank deposits but says it expects parliament to reject the measure needed to secure an international bailout and avoid default and a banking collapse. (EUROZONE-CYPRUS/ (UPDATE 6, PICTURE, TV, GRAPHICS), expect by 1430 GMT/1030 AM EDT, by Michele Kambas and Karolina Tagaris, 940 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
Cyprus uncertainty weighs on shares, euro
LONDON - The euro, European shares and oil fall for a second day, with investors unsettled by the risk of failure for a bailout deal aimed at saving Cyprus from default and its banks from collapse. (MARKETS-GLOBAL/ (WRAPUP 5, GRAPHIC), moved, by Marc Jones, 900 words)
+ See also:
- SPAIN-DEBT/ (UPDATE 1), moved, by Tracy Rucinski, 400 words
German investor morale ticks up in March
MANNHEIM, Germany - German analyst and investor sentiment edges up in March in another sign that Europe's largest economy rebounded in the first quarter but the ZEW warns that there is an increased risk the euro zone debt crisis is worsening. (GERMANY-ZEW/ (UPDATE 1), moved, by Victoria Bryan and Sakari Suoninen, 540 words)
UK inflation hits 9-month high, further rises likely
LONDON - British inflation hit a nine-month high in February and looks set to rise further, but many economists say they still expect the Bank of England to give more help to the stagnant economy. (BRITAIN-INFLATION/ (UPDATE 1), moved, by David Milliken and William Schomberg, 400 words)
ECONOMY
U.S. housing starts rise, permits at 4-1/2 year high
WASHINGTON - Groundbreaking to build U.S. homes rose in February and new permits for construction climbed to the highest level since 2008, a sign the nation's housing market recovery is gathering steam. (USA-ECONOMY/HOUSING (UPDATE 1), expect by 1300 GMT/ 9 AM EDT, by Margaret Chadbourn, 650 words)
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)
France must tackle bloated public spending - OECD
PARIS - France should conduct a sweeping audit of its public spending to root out wastage of taxpayer money, the OECD says, forecasting that the euro zone's second biggest economy will barely grow this year. (OECD-FRANCE/ (UPDATE 1), moved, by Leigh Thomas, 530 words)
US Senate committee expected to approve White for SEC
NEW YORK - The Senate Banking Committee is expected to approve the nominations of Mary Jo White to head the SEC and Richard Cordray to head the CFPB. White is expected to have a smooth road to ultimate confirmation, but the full Senate may block Cordray as Republicans seek to defang the agency. (OBAMA-NOMINATIONS/SEC-CFPB, expect by 1530 GMT/1130 AM EDT, by Sarah N. Lynch and Emily Stephenson, 700 words)
Election limbo keeps Egypt's IMF loan on ice
CAIRO - Once parliamentary elections are out of the way, Egypt stands a chance of securing an International Monetary Fund loan to help address its currency and budget crisis; the problem is that no one knows when that will be. (EGYPT-IMF/ (ANALYSIS), moved, by Asma Alsharif and David Stamp, 1,400 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)
COMPANIES
Boeing signs $15.6 bln landmark order with Ryanair
DUBLIN - Ryanair announces a $15.6 billion order for 175 passenger jets from Boeing in a boost to the struggling planemaker that will allow the Irish airline to consolidate its position as Europe's dominant low-cost carrier. (BOEING-RYANAIRORDER/ (UPDATE 2), moved, by Conor Humphries, 300 words)
+ See also:
- AMERICAN-USAIRWAYS/HEARING (PICTURE), expect 1600 GMT/12 PM EDT, by Diane Bartz, 500 words
European car sales fall again in February as austerity bites
MILAN - Europe's car sales fell last month to their lowest February level in at least 23 years, industry figures shows, dwindling to the sort of trickle usually only seen during the August holiday when cities are empty. (AUTOS-EUROPE/ (UPDATE 2), moved, by Jennifer Clark, 480 words)
ThyssenKrupp plans $1.3 bln-plus share sale - report
FRANKFURT - Germany's ThyssenKrupp plans to raise over 1 billion euros ($1.3 billion) in a share sale to bolster its finances after winning over its biggest investor to the plan, a newspaper reports, sending the steelmaker's stock sliding. (THYSSENKRUPP-CAPITAL/ (UPDATE 2), moved, by Maria Sheahan, 430 words)
ARM's CEO Warren East to step down after 12 years
LONDON - Warren East, who led ARM Holdings from start-up to near monopoly designer of smartphone chips, with its processors at the heart of Apple's iPhone and Samsung's Galaxy, is to step down as chief executive after 12 years. (ARM/ (UPDATE 2), moved, by Rosalba O'Brien, 700 words)
Amerisource signs distribution, equity deal with Walgreen
Walgreen Co and partner Alliance Boots sign a 10-year deal with AmerisourceBergen and will take a stake in the distribution company, exiting its current contract with competitor Cardinal Health Inc. (AMERISOURCE-WALGREEN/ (UPDATE 3), expect by 1330 GMT/ 9.30 AM EDT, by Caroline Humer and Phil Wahba, 650 words)
+ See also:
- HEALTH/URGENTCARE (GRAPHICS), expect by 1300 GMT/9 AM EDT, by Atossa Araxia Abrahamian, 1,200 words
Transocean CEO to take stand in BP trial
NEW YORK - Transocean CEO Steven Newman, who had been in the job for less than two months when disaster struck the Deepwater Horizon rig in 2010, will testify in New Orleans as the trial to determine liability between well owner BP and its contractors enters its fourth week. (BP-SPILL/TRIAL, expect by 1600 GMT/12 PM EDT, 300 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