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  • March non-farm payrolls seen up 244,000. BRUSSELS, March 29- The state of the U.S. labor market in March will consume economists and investors in the week leading up to Easter, adding to the seesaw debate over when the Federal Reserve will spring its first interest rate hike. Fed Chair Janet Yellen made it clear on Friday that the U.S. central bank is likely to start...

  • LONDON, March 27- More losses could follow the dollar's recent 5- cent slide versus the euro, Citigroup global chief economist Willem Buiter said on Friday, another major voice to question forecasts the greenback will march relentlessly higher. The official forecast from the currency strategy team at Citi, the foreign exchange market's single biggest player,...

  • LONDON, March 26- The dollar sank to a five-week low against the yen on Thursday, hit by the combination of another round of weaker-than-expected U.S. data and a bid for traditional safe havens by investors worried about stock markets and Gulf oil supplies. News that Saudi Arabia and its allies in the Middle East had launched air strikes against Iran- allied forces...

  • EU signals further divergence from global banking rules Thursday, 26 Mar 2015 | 8:23 AM ET

    LONDON, March 26- The European Union will continue to diverge from global banking regulations where necessary to avoid overburdening smaller lenders, the bloc's financial services chief said on Thursday. Hill said he would "differentiate" from other Basel rules, too, in an effort to ensure that EU legislation is proportionate and takes into account different...

  • *Oil rises on fears of Middle East supply disruption. LONDON, March 26- Crude prices rose as much as 6 percent on Thursday after Saudi Arabia and its allies launched air strikes on Yemen, pushing shares lower in Europe, the Middle East and Asia and lifting oil producers' currencies. "Oil is having a nice move after more geopolitical tensions in the Middle East over...

  • FOREX-Yen, franc surge on Saudi worries, dollar weakens Thursday, 26 Mar 2015 | 5:20 AM ET

    LONDON, March 26- The dollar sank to a five-week low against the yen on Thursday, hit by the combination of another round of poor U.S. data and a bid for traditional safe havens by investors worried about stock markets and oil supplies out of the Middle East. News that Saudi Arabia and its Gulf Arab allies had launched air strikes against Iran- allied forces in Yemen...

  • HONG KONG, March 26- China sent a strong message to the International Monetary Fund this week urging that the yuan be included in its special drawing rights basket, with top officials promising further reforms and striving for full convertibility this year. The yuan's possible inclusion in the basket, an international reserve asset, will greatly enhance...

  • 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...

  • *Reuters basket of UK exposed stocks outperforms FTSE 100. A Reuters basket of 34 London-listed blue chips which make at least half their revenue in Britain is up 8.6 percent this year, compared with a 7.2 percent gain for the blue-chip FTSE 100.. All the stocks are in the FTSE 100 except betting group William Hill, which was relegated last year.

  • CARACAS, Venezuela— Venezuela is launching a probe into large offshore bank deposits amid a spate of reports that at least $2 billion was siphoned off by corrupt, top-level officials at state-run oil company PDVSA. Chief prosecutor Luisa Ortega Diaz's announcement Tuesday was the socialist government's first response to the determination this month by the...

  • *China factory activity contracts- HSBC/ Markit. The U.S. Commerce Department announced that new home sales jumped 7.8 percent to a seasonally-adjusted annual rate of 539,000 units last month, the highest since February 2008. Financial information services firm Markit announced that its U.S.

  • *Reuters basket of UK exposed stocks outperforms FTSE 100. A Reuters basket of 34 London-listed blue chips which make at least half their revenue in Britain is up 8.6 percent this year, compared with a 7.2 percent gain for the blue-chip FTSE 100.. All the stocks are in the FTSE 100 except betting group William Hill, which was relegated last year.

  • ATHENS, Greece— A special court acquitted Greece's former finance minister George Papaconstantinou of felony charges of breach of faith and doctoring a document Tuesday in a case concerning Greeks with bank accounts in Geneva, and found him guilty of a lesser misdemeanor charge. He had faced a possible sentence of 10 years to life imprisonment over the felony...

  • *China factory activity contracts- HSBC/ Markit. Brent futures for May delivery fell 80 cents to trade at $55.10 at 11:43 EDT. Financial information services firm Markit announced that its U.S.

  • *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...

  • *China factory activity contracts- HSBC/ Markit. LONDON, March 24- Brent crude oil fell towards $55 a barrel in choppy trading on Tuesday after the dollar firmed, adding pressure to a market grappling with signs of slowing Chinese growth and Saudi Arabian oil production close to an all-time high. Brent futures for May delivery were down 49 cents at $55.43 by 1414 GMT,...

  • *China factory activity contracts- HSBC/ Markit. LONDON, March 24- Brent crude oil held below $56 a barrel on Tuesday, as signs of slowing growth in China and Saudi Arabian oil production close to an all-time high overshadowed a weaker dollar. Brent futures for May delivery were trading down 16 cents at $55.76 by 1311 GMT, while U.S. crude rose 50 cents to $47.95 a barrel.

  • LONDON, March 24- Leaving the European Union would be disastrous for Britain and harm its economy, Standard Life Chairman Gerry Grimstone said on Tuesday. "It would be disastrous for London and the UK if the UK were to leave the single market," Grimstone told a conference on how to maintain Britain's competitiveness as a financial centre. Grimstone, who also chairs...

  • *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...