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  • RBNZ says significant NZ dlr rise unlikely on rate rises Wednesday, 12 Mar 2014 | 4:24 PM ET

    WELLINGTON, March 13- The Reserve Bank of New Zealand said on Thursday that it expected any rise in the domestic currency to be subdued as the central bank begins its monetary tightening cycle, as market participants were well aware that rates will rise.

  • *Copper hits near four-year lows. Treasuries prices rose in safe-haven bids on Wednesday on worries over the health of China's economy, which helped fuel strong demand at the U.S. government's 10- year Treasury note auction.

  • WELLINGTON, March 13- New Zealand's central bank raised its benchmark cash rate by 25 basis points to 2.75 percent on Thursday, as expected, and flagged a series of further increases to keep inflation pressures in check as the economy gains momentum. New Zealand's 2.75 percent official cash rate compares with Australia's 2.50 percent, the U.S.

  • NEW YORK, March 12- U.S. stocks were little changed on Wednesday amid signs of progress in diplomatic attempts to ease tensions in Ukraine and as investors shrugged off concern over weakness in the Chinese economy.

  • PARIS, March 12- The search for Malaysia's missing jet could speed development of new ways of locating wreckage, but such technology is unlikely to replace the traditional "black box" any time soon, France's top crash investigator said on Wednesday.

  • WASHINGTON, March 12- There will be no delay in the penalty most Americans face under President Barack Obama's healthcare reform law if they fail to obtain health coverage this year, U.S. Health and Human Services Secretary Kathleen Sebelius said on Wednesday.

  • Singer, part of the world's largest sewing machine company, SVP Worldwide, is owned by private equity firm Kohlberg& Company LLC. It is working with investment bank Harris Williams on the potential sale, the people said. Kolhberg, SVP Worldwide and Harris Williams could not be reached for comment.

  • *Herbalife shares tumble on FTC investigation. NEW YORK, March 12- U.S. stocks were little changed on Wednesday, as equities recouped much of their earlier declines amid signs of progress in diplomatic attempts to ease tensions in Ukraine.

  • March 12- A U.S. court shot down a patent covering Pfizer Inc's blockbuster Celebrex painkiller, the drugmaker said, giving generic rivals an earlier U.S. entry that analysts estimated could cost the company $3 billion in revenue by the end of 2015.. Celebrex has annual global sales of about $3 billion, about $2 billion of which were in the United States.

  • Swiss citizen Andreas Bachmann, 56, entered the plea in federal court in Alexandria, Virginia, the documents show. Bachmann, a former relationship manager in Switzerland for a Credit Suisse unit, described his role in one of the documents that was filed as part of an agreement with prosecutors. A spokesman for Credit Suisse declined to comment.

  • SAO PAULO, March 12- The hiring of three top bankers of BR Partners Banco do Investimento SA by New York- based Moelis& Co LLC was "improper and unethical," Ricardo Lacerda, chief executive officer of the Brazilian investment bank, said on Wednesday, adding that BR Partners is considering possible action.

  • PARIS, March 12- The search for the missing Malaysian jet could speed development of new ways of locating wreckage, but such technology is unlikely to replace the traditional "black box" any time soon, France's top crash investigator said on Wednesday.

  • WASHINGTON, March 12- A U.S. Senate subcommittee plans to hold a hearing in April on General Motors' recall of malfunctioning cars blamed for multiple deaths, Senator Claire McCaskill said on Wednesday.

  • CN Rail CEO says will meet Ottawa's grain shipment target Wednesday, 12 Mar 2014 | 3:07 PM ET

    *Trucker strike in Vancouver causing lumber backlog. TORONTO, March 12- Canadian National Railway Co, the country's biggest railroad operator, said on Wednesday it will meet the federal government's order to ship 500,000 tonnes of grain a week, but its chief executive said there would still be a severe backlog even under ideal conditions.

  • March 12- Jefferies LLC will pay $25 million to resolve U.S. criminal and civil investigations into its mortgage bond trading, after one of its former traders was convicted for defrauding clients, and authorities said they are investigating whether other individuals broke the law.

  • WASHINGTON, March 12- The United States will hold the first test sale of crude from its emergency oil stockpile since 1990, offering a modest 5 million barrels in what some observers saw as a subtle message to Russia from the Obama administration.

  • NEW YORK/ LONDON, March 12- New York coffee futures reversed course on Wednesday after setting a two-year high on weather-related concerns over output in top grower Brazil before edging lower as investors cut risk. The second-month ICE contract climbed to a two-year high of $2.0975 per lb before closing down 0.35 cent, or 0.2 percent, at $2.0530 per lb.

  • Stern Advice - Getting real about retirement Wednesday, 12 Mar 2014 | 3:01 PM ET

    NEW YORK, March 12- In the retirement planning space, there are two realities. The first consists of spreadsheets, calculators and frightening rules of thumb to guide workers and retirees in their saving and spending decisions.

  • *China's first domestic bond default creates jitters. NEW YORK, March 12- Global stock indexes declined for a fourth day and copper dipped to near four-year lows before rebounding on Wednesday as increasing concern about China's economic slowdown unnerved investors.

  • *U.S. Senate panel holds confirmation hearing on Thursday. SAN FRANCISCO/ NEW YORK, March 12- Stanley Fischer, U.S. The former chief of the Bank of Israel was chosen to be Fed Chair Janet Yellen's second-in-command in part for his crisis-management credentials, especially during a seven-year stint as the No. 2 official at the International Monetary Fund.