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  • *Novo Nordisk up 13 pct after deciding to submit drug data. LONDON, March 27- A top index of pan-European shares was set for its biggest weekly drop of the year on Friday, although it snapped a sharp two-day losing streak following a surge in Danish pharmaceuticals firm Novo Nordisk. At 1446 GMT, the FTSEurofirst 300 index of top European shares was up 0.4 percent at...

  • *Novo Nordisk up 13 pct after deciding to submit drug data. PARIS/ LONDON, March 27- European stocks rose on Friday, halting a sharp two-day retreat and helped by a surge in Novo Nordisk and a renewed fall in the euro, which supported exporters. Denmark's Novo Nordisk jumped 13 percent after the pharmaceutical firm said it would submit interim data from a clinical...

  • China's coal use falling faster than expected Thursday, 26 Mar 2015 | 5:00 PM ET

    *Coal for power dipped in 2014, expected to drop again. SINGAPORE/ BEIJING, March 27- China is reducing coal use for power generation faster than expected as the use of cleaner-burning fuels and slowing economic growth drags thermal utilisation rates to a potential record low, implying imports and prices will fall further. Coal still makes up nearly two-thirds...

  • *Iran denounces strikes, Russia calls for "immediate ceasefire". NEW YORK, March 26- Oil jumped about 5 percent on Thursday, the biggest daily gain in a month, as air strikes in Yemen by Saudi Arabia and its Gulf Arab allies sparked fears that escalation of the Middle East battle could disrupt world crude supplies. The Saudi military operation against the Iran- backed...

  • NEW YORK, March 26- The U.S. dollar was on track for its biggest one-day gain against the euro in a week on Thursday after traders reestablished bullish bets on the dollar following recent weakness in the currency. Analysts said traders stepped in to repurchase the greenback after the euro hit $1.10525 earlier in the session, its highest since it hit a nearly...

  • *Iran denounces strikes, Russia calls for "immediate ceasefire". NEW YORK, March 26- Oil jumped about 5 percent on Thursday, rallying a second straight day, after air strikes in Yemen by Saudi Arabia and its Gulf Arab allies sparked fears of a bigger Middle East battle that could disrupt world crude supplies. Pakistan, a Riyadh ally far away from the conflict, promised a "...

  • NEW YORK, March 26- The New York Federal Reserve officials tasked with prying interest rates off the floor have been meeting with bankers and traders to plot how best to do it, amid deep uncertainty over how much control they will really have over short-term lending markets. With the U.S. central bank expected to raise rates later this year, Simon Potter and his team...

  • *Iran says halt "aggressions"; security up at Kuwait oil sites. NEW YORK, March 26- Oil prices rallied for a second straight day on Thursday after Saudi Arabia and its Gulf Arab allies began air strikes in Yemen, sparking fears of a bigger Middle East battle that could disrupt world crude supplies. The military operation against Houthi rebels, who have driven the...

  • LONDON, March 26- From the shabby streets of east London, some of the brightest minds in technology and banking are plotting a revolution. Investment in fintech firms in Britain and Ireland swelled to $623 million last year, more than double the $264 million seen in 2013 and representing 42 percent of fintech investment in Europe, according to research by...

  • NEW YORK, March 25- A forecast model from the Federal Reserve of Atlanta on Wednesday suggested the U.S. economy is barely growing in the first quarter following an unexpectedly steep 1.4 percent drop in durable goods orders in February. "Following this morning's advance report on durable goods manufacturing from the U.S. Census Bureau, the nowcasts for real...

  • LONDON, March 25- Borse Dubai, the biggest investor in the London Stock Exchange is selling its stake in the British exchange, which will raise around 1.5 billion pounds. The Dubai exchange became a major shareholder in Nasdaq in a complex deal in 2007, buying a 28 percent stake in the LSE from the U.S. exchange for 1,414 pence per share. Bank of America Merrill Lynch,...

  • ARM leads fallers as FTSE drops away from record high Wednesday, 25 Mar 2015 | 1:03 PM ET

    *Blue-chip FTSE 100 index falls 0.4 percent. *Barclays falls after downgrade by Investec. LONDON, March 25- Britain's leading share index gave up early gains on Wednesday, led down by a late drop in chip designer ARM and a fall in Barclays after a broker downgraded the stock.

  • *Blue-chip FTSE 100 index falls 0.2 percent. *Barclays falls after downgrade by Investec. LONDON, March 25- Britain's leading share index edged down on Wednesday, giving away early gains, led lower by Barclays after a broker downgrade.

  • JGBs edge down, 10-year yield rises from 7-week low Wednesday, 25 Mar 2015 | 3:08 AM ET

    TOKYO, March 25- Japanese government bonds edged down on Wednesday as investors cautiously adjusted positions in the remaining days of Japan's fiscal year. The Bank of Japan offered to buy 400 billion yen of JGBs in the 5- year to 10- year zone, 350 billion yen in the 3- year to 5- year zone, and 300 billion yen in the 1- year to 3- year zone, under its bond-buying scheme.

  • HONG KONG, March 25- When little-known Chinese taxi-hailing app Didi Dache needed $15 million to grow its business two years ago, a local upstart investment bank stepped in to help it raise the funds from social networking giant Tencent Holdings Ltd.. Didi tapped Bao to put together the deal, sidestepping Wall Street heavyweights like Goldman Sachs and Morgan...

  • NEW YORK, March 24- Wall Street drifted down while European shares neared record highs in choppy global equities trading on Tuesday as the dollar rebounded and oil prices fell. Declines on the Nasdaq were held in check by a boost from Google, up 2 percent to $570.19. Morgan Stanley's chief financial officer is leaving the bank to join Google.

  • *China factory activity skids to 11- month low. NEW YORK, March 24- European stocks held near record highs on Tuesday on signs the euro zone economy was gaining momentum, while the dollar recovered from recent losses and oil fell. On Wall Street, the Dow Jones industrial average fell 15.21 points, or 0.08 percent, to 18,100.83, the S&P 500 lost 1.38 points, or 0.07...

  • LONDON/ NEW YORK, March 24- Euro zone businesses ramped up activity this month as the European Central Bank started printing money to spur economic growth, while a slowdown among Chinese factories fueled expectations of more monetary stimulus. The Eurozone Composite Flash Purchasing Managers' Index from data vendor Markit, based on surveys of thousands of...

  • US new-home sales surge in February Tuesday, 24 Mar 2015 | 10:03 AM ET

    WASHINGTON— Sales of new U.S. homes in February climbed to their fastest pace in seven years, as an otherwise dormant housing market showed fresh signs of life. The Commerce Department said Tuesday that new-home sales shot up 7.8 percent last month to a seasonally adjusted annual rate of 539,000, the strongest performance since February 2008.

  • *Gauge shows China factory activity skids to 11- month low. LONDON, March 24- The euro rose and European shares steadied on Tuesday, responding to signs the euro zone economy is gaining momentum, while a slowdown in factory activity in China kept oil and commodities-linked assets under pressure. "Any positive surprises from the euro area are further adding to this...