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  • RUSSIA'S GAZPROM SPOKESMAN SAYS UKRAINE HAS NOT MADE A NEW PRE-PAYMENT FOR GAS ON TIME- INTERFAX.

  • MOSCOW, Feb 24- Russia should have tight budgetary and monetary policy to bring down inflation, Finance Minister Anton Siluanov said on Tuesday. Siluanov added that Russia should adapt its budget and economy to new conditions, regardless of decisions made by ratings agencies. Standard& Poor's earlier cut Russia to junk.

  • BRUSSELS, Feb 24- Greece has sent a list of economic reform plans to European institutions and the International Monetary Fund around midnight, a source close to the European Commission said on Tuesday. Greece needed to present its plans as a condition for extending its bailout programme for an additional four months, in a deal struck with euro zone partners on...

  • BRUSSELS, Feb 24- Greece sent a list of economic reform plans to European institutions and the International Monetary Fund around midnight, a source close to the European Commission said on Tuesday. "In the Commission's view, this list is sufficiently comprehensive to be a valid starting point for a successful conclusion of the review," the source said.

  • TOKYO, Feb 24- Japan's lower house of parliament approved on Tuesday an advocate of aggressive monetary easing to join the central bank's divided policy board, a move seen supportive of Governor Haruhiko Kuroda's push for radical stimulus. Yutaka Harada, a 64- year-old Waseda University professor, will replace Ryuzo Miyao, also an academic, whose five-year...

  • *H1 profit falls to $5.35 bln, above $5.1 bln consensus. MELBOURNE, Feb 24- Global miner BHP Billiton posted a 31 percent drop in half-year profit as prices for all its main products collapsed, but beat market forecasts and flagged further belt tightening to withstand the tough conditions. Amid tough conditions "they're doing better than the market's expecting, so...

  • MUMBAI, Feb 24- Investors in India say the government's first full budget must find a way to boost capital spending while exercising fiscal restraint, or a subsequent sell-off in debt and equities could destabilise the rupee, risking a return to levels seen in 2013.. Prime Minister Narendra Modi's election victory nine months ago resulted in India becoming...

  • Domestic demand propels Q4 expansion in German economy Tuesday, 24 Feb 2015 | 2:02 AM ET

    BERLIN, Feb 24- Stronger domestic demand drove growth in Europe's largest economy in the fourth quarter while foreign trade and gross capital investment also helped, data from Germany's Federal Statistics Office showed on Tuesday. Seasonally-adjusted data confirmed an earlier flash estimate showing that German gross domestic product rose by 0.7 percent...

  • *Nigeria plans OPEC emergency meet if prices fall further- FT. SINGAPORE, Feb 24- Brent fell towards $58 a barrel on Tuesday, extending the 2- percent loss in the previous session, as oversupply fears lingered, overshadowing any optimism on the outlook for the global economy. Brent fell 41 cents to $58.49 a barrel by 0640 GMT, while U.S. crude was down 51 cents at $48.94.

  • BANGKOK, Feb 24- Bangchak Petroleum PCL will invest 20 billion baht, mainly on exploration and production, in 2015 and 2016 as part of a plan to spend 90 billion baht in the next six years to boost its business, the Thai oil refiner said. It also acquired about 80 percent of Australian oil and gas explorer Nido Petroleum Ltd in 2013 to secure energy supplies.

  • *Companies paying big premiums, such as Japan Post's Toll. TOKYO, Feb 24- With shrinking prospects at home and the threat of further yen weakness, Japanese companies are rushing to buy overseas and seem willing to pay top dollar, as shown by Japan Post's $5 billion bid for Australia's Toll Holdings. Over the long term, Japan's demographics give a bleak prognosis for...

  • The banks under scrutiny are HSBC, Bank of Nova Scotia, Barclays, Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group Inc, JPMorgan Chase& Co, Societe Generale, Standard Bank Group Ltd and UBS AG, the newspaper said. The CFTC issued a subpoena to HSBC Bank USA in January seeking documents related to the bank's precious metals trading operations, HSBC said on...

  • MINSK, Feb 24- The Belarussian central bank said on Tuesday it had reduced the share of foreign-currency revenues that Belarussian companies are obliged to sell to 40 percent from 50 percent. Obligatory foreign-currency sales were introduced as a means of supporting the Belarussian rouble. The central bank said the measure had stabilised the currency...

  • JGBs edge higher, bolstered by solid 40-year sale Tuesday, 24 Feb 2015 | 1:25 AM ET

    TOKYO, Feb 24- Japanese government bonds firmed on Tuesday, bolstered by solid demand at a 40- year auction. The Ministry of Finance sold 399.5 billion yen worth of 40- year JGBs with a 1.7 percent coupon at a highest accepted yield of 1.550 percent. Federal Reserve Chair Janet Yellen later in the day, which could offer clues on the timing of a U.S. interest rate hike as...

  • JAKARTA/ WASHINGTON, Feb 24- The United States is pressing Indonesia to relax local-content rules it believes will handicap efforts of tech firms such as Apple to expand into one of the world's last big markets where demand for high-end smartphone has yet to really take off. "The United States shares these concerns, and strongly supports ensuring that...

  • TOKYO, Feb 24- Japan's Nikkei share average rose for a fifth straight day on Tuesday and scored another 15- year high after the yen weakened, while investors were cautious awaiting comments from U.S. Federal Reserve Chair Janet Yellen later in the day. The Nikkei rose 0.7 percent to 18,603.48 points, the highest point of the day and the highest close since April...

  • TORONTO/ GATINEAU, Quebec, Feb 23- Canada's biggest railway reached a last-minute tentative agreement with one of its unions on Monday, averting a lockout that threatened to delay imports from Asia and compound a U.S. West Coast port logjam. Canadian National Railway Co and Unifor, the union representing its 4,800 mechanical, clerical and trucking workers,...

  • JAKARTA, Feb 24- Indonesia will crack down on corporate tax avoidance via transfer pricing this year to try and recoup 200 trillion rupiah in lost state income, mainly in the commodities sector, the new head of the tax office told Reuters. As a proportion of gross domestic product, Indonesia, Southeast Asia's largest economy, has one of the lowest tax takes in the...

  • WASHINGTON, Feb 24- Federal Reserve Chair Janet Yellen is expected to face pointed questions this week from U.S. lawmakers aimed at revealing details about the Fed's timing on interest rate hikes, as well as fresh scrutiny about transparency at the central bank. Yellen will likely give away little in her prepared testimony for the Senate Banking Committee on...

  • WASHINGTON, Feb 24- Three years ago, Supreme Court Chief Justice John Roberts cast the tie-breaking vote in a ruling that saved President Barack Obama's signature healthcare reform. As the high court prepares to weigh another challenge that could shatter Obamacare, a review of Roberts' recent votes and opinions suggest he could again sway the case the...