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  • NEW DELHI, Feb 28- India's Finance Minister Arun Jaitley on Saturday announced a budget aimed at high growth, saying the pace of cutting the fiscal deficit would slow as he seeks to boost investment and ensure that ordinary people benefit. "India is about to take off," Jaitley, 62, said early in his speech to lawmakers. "The world is predicting that this is India's...

  • NEW DELHI, Feb 28- India's Finance Minister Arun Jaitley on Saturday announced a budget aimed at high growth, saying the pace of cutting the fiscal deficit would slow as he seeks to boost investment and ensure that ordinary people benefit. "The world is predicting that this is India's chance to fly." Reaping the benefits of low global prices for oil, India's main...

  • NEW DELHI, Feb 28- India's Finance Minister Arun Jaitley announced a budget for growth on Saturday, saying the economy was ready to "fly", that the government would boost investment and ordinary people should benefit. "India is about to take off," Jaitley, 62, told lawmakers after rising to deliver his first full-year budget since Prime Minister Narendra Modi's...

  • HOUSTON, Feb 27- Negotiations to settle the largest U.S. refinery strike are set to resume on March 4, the union and lead oil company negotiator said on Friday, the 27th day of the work stoppage. Talks between Shell Oil Co, the U.S. arm of Royal Dutch Shell Plc and the United Steelworkers union broke off on Feb. 20 after refinery owners balked at a settlement.

  • SAO PAULO, Feb 27- The leader of a truth commission investigating abuses during Brazil's 1964-85 military dictatorship lambasted German automaker Volkswagen AG at a hearing on Friday for providing what he called "unsatisfactory" testimony regarding its alleged ties with the regime. In a contentious, nearly three hour-long session, Sao Paulo state...

  • SAO PAULO, Feb 27- Striking truckers lifted their blockade of dozens of highways in Brazil after police began fining and arresting protesters, though strike organizers said they had no plans to end their stoppage now in its 10th day. Brazil is the world's No. 2 soy producer and a top global supplier. Silos at Paranagua, Brazil's second-largest soy export port, now...

  • RIO DE JANEIRO, Feb 27- Brazil's Braskem SA, Latin America's largest petrochemical company, said on Friday it had agreed to a revised naphtha supply contract with shareholder Petrobras, staving off a threatened shutdown of its Brazilian plants. The contract with Petroleo Brasileiro SA, as Petrobras is formally known, extends the supply agreement until Aug. 31,...

  • MEXICO CITY, Feb 27- After two days of negotiations, Mexico and Brazil have still not reached an agreement on an auto pact and will continue discussions in the second week of March, the Mexican government said on Friday. The accord, signed in 2012, limits the export of vehicles from Mexico to Brazil. While sources have told Reuters that Brazil wants to extend the...

  • SAN FRANCISCO, Feb 27- Google Inc submitted plans on Friday for a vastly expanded headquarters at the Silicon Valley city where the tech giant is based, presenting a bucolic vision of movable structures to be built under curving and translucent canopies. The new headquarters would give the Internet company the room for an additional 10,000 employees, compared...

  • RIO DE JANEIRO, Feb 27- Brazil's embattled state-run oil company Petroleo Brasileiro SA said on Friday that the director of its corporate-services division will take a 90- day leave of absence for health reasons. Dutra, a former Brazilian Senator, served as Petrobras' chief executive officer for two and a half years from 2002 to 2005 and president of Brazil's...

  • *Opposition plan march in Moscow on Sunday. MOSCOW, Feb 28- Boris Nemtsov, a Russian opposition politician and former deputy prime minister who was an outspoken critic of President Vladimir Putin, was shot dead metres from the Kremlin in central Moscow late on Friday. Nemtsov, 55, was shot four times in the back, the Interior Ministry said.

  • NEW YORK/ WASHINGTON, Feb 27- Puerto Rico's Doral Bank has failed and a local rival will take over its operations, authorities said on Friday after accidentally releasing the information early and sending shares down 46 percent before trading was halted. The FDIC announced on Friday that the bank had been closed and its banking operations and deposits will be...

  • CHICAGO, Feb 27- Chicago drew closer to a fiscal free fall on Friday with a rating downgrade from Moody's Investors Service that could trigger the immediate termination of four interest-rate swap agreements, costing the city about $58 million and raising the prospect of more broken swaps contracts. "This is an unfortunate wake-up call for anyone still asleep...

  • WASHINGTON, Feb 27- The White House released draft legislation on Friday that would give consumers more control over how the trail of data they leave behind them on the internet is used, stored and sold. President Barack Obama has made cybersecurity a major focus in the wake of high-profile hacks at companies such as Sony Pictures Anthem Inc and Target Corp..

  • NEW YORK, Feb 27- Puerto Rico's debt-laden power authority, Prepa, said on Friday that it will hold off on presenting a restructuring plan as it tries to secure an extension of an agreement from creditors not to foreclose on its $9 billion in debt. The current agreement, which expires on March 31, had called for a deadline of this Monday for Prepa to unveil a proposal to...

  • ZURICH, Feb 27- Credit Suisse said on Friday it would put aside more funds related to a U.S. investigation into whether the Swiss bank deceived investors in mortgage-backed securities it had issued. "Developments in industry-wide litigation and investigations in the United States relating to mortgages have resulted in an increase in provisions relating to...

  • MOSCOW, Feb 28- Boris Nemtsov, a Russian opposition politician and former deputy prime minister, has been shot dead in central Moscow, the Interior Ministry said early on Saturday. He was shot four times late on Friday night, not far from the Kremlin in the centre of Moscow. "Nemtsov B.E. died at 2340 hours as a result of four shots in the back," an Interior Ministry...

  • WASHINGTON, Feb 27- A bipartisan group of U.S. legislators reintroduced a bill on Friday aimed at putting pressure on China to ensure autonomy and human rights in Hong Kong. It would require the U.S. secretary of state to certify annually that Hong Kong is sufficiently autonomous before enacting any new laws or agreements granting Hong Kong such different...

  • The data breach involved current and former Uber drivers, and the company has notified attorneys general in states where those drivers live, including California. The company has raised more than $4 billion from prominent venture capital firms such as Benchmark and Google Ventures, valuing Uber at $40 billion and making it the most valuable startup in the...

  • ZURICH, Feb 27- Credit Suisse said on Friday it would put aside more funds related to a U.S. investigation into whether the Swiss bank deceived investors in mortgage-backed securities it had issued. The U.S. government's examination of financial crisis-era mortgage abuses is now the Zurich- based bank's biggest legal worry, after it in May set aside a years-long...