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  • Brent climbs above $61 on Mideast supply concerns Thursday, 5 Mar 2015 | 10:37 PM ET

    SINGAPORE, March 6- Brent crude rose above $61 a barrel on Friday, supported by geopolitical tensions in Libya and Iraq, while traders eyed the outcome of Iran nuclear talks for further trading cues. Fighting has escalated in northeast Iraq where the Islamic State militants have lit up oil wells to deter Shi'ite militiamen and Iraqi soldiers from advancing.

  • TOKYO, March 6- Loss-making Sharp Corp has asked a domestic corporate turnaround fund to invest up to $250 million in capital- aid which would come on top of plans to tap its two main lenders for a second major bailout, the Nikkei business daily reported. Hit by a supply glut of smartphone screens in China and fierce competition from rival Japan Display Inc that...

  • BEIJING, March 6- China must implement an expansionary fiscal policy this year to help prevent a sharp slowdown in the economy, Finance Minister Lou Jiwei said at a news conference on Friday. Local governments will repay more than 100 billion yuan in debt this year, Lou said at news conference held during the annual meeting of the National People's Congress, the...

  • *FamilyMart falls, UNY rises on merger talk news. TOKYO, March 6- Japan's Nikkei share average rose to a fresh 15- year high on Friday as encouraging comments from the European Central Bank lifted sentiment, but FamilyMart Co tumbled on news that it was in merger talks with UNY Group Holdings Co. The Nikkei gained 1.1 percent to 18,965.86 points by midmorning, its...

  • MELBOURNE, March 6- London copper was set for a small loss this week as a stronger dollar broadly dented appetite for commodities, with traders saying it was still too soon after China's Lunar New Year break to accurately gauge demand in the world's top user of metals. *The most-traded May copper contract on the Shanghai Futures Exchange slipped by 0.2 percent to...

  • SYDNEY, Jan 7- The dollar held pole position in Asia on Friday as bulls wagered a looming U.S. jobs report would add to the chance of rate hikes there, even as the European Central Bank embarks on a trillion euro campaign of bond-buying. The same balance of risks kept most equity investors cautious with MSCI's broadest index of Asia-Pacific shares outside Japan up a...

  • SAO PAULO, March 5- Cetip SA Mercados Organizados will raise dividend payouts and buy back stock this year, as mounting risk aversion and flagging capital markets activity are weighing down shares in Brazil's largest securities clearinghouse. The board of São Paulo-based Cetip will propose raising payouts to the equivalent of 85 percent of annual net...

  • APPLE PAY STUNG IN TRANSACTIONS USING DATA STOLEN FROM. March 6- Apple Inc's mobile payment system Apple Pay has been hit by a wave of fraudulent transactions using stolen credit-card data from a spate of breaches at retailers, the Wall Street Journal reported, citing people familiar with the matter. The transactions stemmed from breaches at retail giants...

  • SAO PAULO, March 5- U.S. investment firm Huxley Capital Corp filed a lawsuit on Thursday in a New York court against Brazilian construction group OAS SA, alleging the debt-laden company is hiding assets from creditors at two valuable subsidiaries. The defendants in the lawsuit, filed in Manhattan federal court, are OAS and subsidiaries Construtora OAS SA, OAS...

  • Profit at Brazil's Cetip in line with estimates Thursday, 5 Mar 2015 | 8:02 PM ET

    SAO PAULO, March 5- Cetip SA Mercados Organizados on Thursday reported fourth-quarter net income of 117.61 million reais, in line with analyst estimates.

  • SAO PAULO, March 5- Cetip SA Mercados Organizados plans to repurchase as many as 5.4 million shares during the next 12 months, as Brazil's largest securities clearinghouse battles with mounting risk aversion and declining capital markets activity on its home turf. The board of São Paulo-based Cetip agreed on Thursday to the buyback, which would withdraw the...

  • SINGAPORE, March 6- Gold held below $1,200 an ounce on Friday and was headed for a fifth weekly decline in six, with he dollar near 11- year highs on expectations of strong U.S. jobs data and an interest rate hike. *Spot gold was little changed at $1,199.61 an ounce by 0028 GMT, after falling for four straight sessions to Thursday. *It was also helped by weakness in the euro,...

  • COSTCO EXEC SAYS COMPANY WORKING TO ELIMINATE USE OF HUMAN ANTIBIOTICS IN CHICKEN, MEAT.

  • CHICAGO, March 5- Costco Wholesale Corp is working toward eliminating the sale of chicken and meat from other animals raised with antibiotics that are vital to fighting human infections, senior executives at the third-largest U.S. retailer told Reuters on Thursday. The ongoing push by Costco, which sells 80 million rotisserie chickens a year, highlights...

  • SINGAPORE, March 6- U.S. crude nudged up to hover around $51 a barrel on Friday, set to post the first weekly gain in three, as geopolitical tensions in the Middle East supported oil. *U.S. crude rose 26 cents to $51.02 a barrel by 0006 GMT, on track for a more than 2 percent gain this week. *Libya's warring factions held United Nations- backed talks on Thursday after...

  • TOKYO, March 6- Sharp Corp has asked a corporate turnaround fund, Japan Industrial Solutions, to take stake of up to around 30 billion yen to help with the loss-making electronics maker's restructuring, the Nikkei business daily reported. The request for aid would come in addition to tapping its its main banks Mizuho Bank and Bank of Tokyo-Mitsubishi UFJ for a...

  • SYDNEY, Jan 7- The dollar was in high demand in Asia on Friday as bulls wagered a looming U.S. jobs report would add to the chance of rate hikes there, even as the European Central Bank embarks on a trillion euro campaign of bond-buying. The same balance of risks kept equity investors cautious with MSCI's broadest index of Asia-Pacific shares outside Japan down a...

  • BOSTON, March 5- Hedge fund manager Patrick McCormack, a protégé of industry pioneer Julian Robertson, is shutting down his roughly $1.4 billion Tiger Consumer Management, according to a letter sent to investors. Bloomberg first reported the news. Running a hedge fund "takes a lot out of a person," said Don Steinbrugge, an industry consultant at Agecroft Partners.

  • TOKYO, March 6- Sharp Corp has asked a corporate turnaround fund, Japan Industrial Solutions, to take stake of up to around 30 billion yen to help with the embattled electronics maker's restructuring, the Nikkei business daily reported.