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  • LOS ANGELES, March 22- "Insurgent" topped the weekend box office with $54 million, but its opening will likely fall just short of the numbers put up a year ago by the first film in the "Divergent" series. Going into the weekend, Lionsgate had been projecting an opening of between $57 million to $60 million. "Insurgent" cost $110 million to produced, roughly $25 million more...

  • RIYADH, March 22- Saudi Arabia's OPEC governor Mohammed al-Madi said on Sunday it would be hard for oil to reach $100- $120 per barrel- the peaks it hit last year before falling sharply due to a glut of crude and weakening demand. Last November, Organization of the Petroleum Exporting Countries kingpin Saudi Arabia persuaded members to keep production unchanged...

  • PARIS, March 22- New York- based property developer Thor Equities has bought the building that houses one of French nightlife's best-known clubs, Le Queen, formerly Le Central, on the Champs-Elysees in Paris, the Financial Times reported. Paris commercial real estate was in increasing demand last year despite France's sluggish 0.4 percent economic growth rate.

  • Historians may record March 2015 as the moment when China's checkbook diplomacy came of age, giving the world's number two economy a greater role in shaping global economic governance at the expense of the United States and the international financial institutions it has dominated since World War Two. Irked that London had stolen a march, Germany, France and...

  • NEW DELHI, March 22- Indian Prime Minister Narendra Modi sought on Sunday to stave off farmer protests against his efforts to make it easier for businesses to buy land, after opposition to the bill overshadowed a burst of progress on economic reform. Tussles over land acquisition have locked up hundreds of billions of dollars of infrastructure developments,...

  • NEW YORK, March 22- Government bond issuers are adopting new standards intended to thwart a strategy that's plagued Argentina for 13 years, in which buyers snap up distressed debt for pennies on the dollar and then hold out for full payment after other investors have agreed to restructure. Driving the move to change is the situation in Argentina, lawyers and...

  • Some on Wall Street are even talking about an earnings recession. Wall Street analysts currently estimate earnings growth of 1.3 percent for 2015, down from a forecast of 8.1 percent at the beginning of the year, according to Thomson Reuters data. Nearly one-fifth of S&P 500 companies have warned on earnings for the first quarter, with at least 49 companies...

  • BEIJING, March 22- China received critical support from the International Monetary Forum and Asian Development Bank on Sunday for its goal of establishing a new Chinese-led multilateral lender, adding to a growing wave of endorsements that has worried the United States. Leaders of the IMF and ADB, speaking at a conference in Beijing, said they were in talks with...

  • STOCKHOLM, March 22- Having twice cut rates into negative territory, Sweden's central bank is locked in a high-stakes currency war with the European Central Bank that could stave off deflation but risks creating another property bubble. The Riksbank is worried that a strengthening crown, fueled in part by ECB bond-buying, will reverse a recent upturn in...

  • BERLIN/ LONDON, March 22- Driven by the demands of a new plugged-in generation seeking "authentic" travel experiences with a local feel, the world's biggest hoteliers are moving into a new sector in Europe- the "lifestyle" boutique hotel. After many years focused on baby boomers and business travellers, brands such as Marriott, Hilton, Starwood and InterContinental...

  • DUBAI, March 22- HSBC Global Asset Management, an arm of HSBC Holdings, is buying bonds of commodity exporting countries because their valuations have dropped so far with the plunge of oil prices, an executive said. The firm, which managed $454 billion of assets at the end of December, is also increasing its exposure to beaten-down currencies of countries such as...

  • *Greek PM Tsipras to meet Merkel in Berlin. ROME, March 22- Markets still digesting an unexpectedly cautious message from the Federal Reserve will get more food for thought this week with U.S. inflation data and potentially rising risks of a Greek exit from the euro zone. Bank of Japan Governor Haruhiko Kuroda dismissed talk of competitive devaluations to spur...

  • RPT- CHINA C.BANK HEAD ZHOU: IMPACT OF CAPITAL FLOWS ON CHINA LIMITED DUE TO ITS HUGE FOREX RESERVES.

  • RPT- CHINA C.BANK HEAD ZHOU: HAVE MEASURES TO CURB SHORT-TERM CAPITAL FLOWS.

  • BEIJING, March 22- China will stick to a prudent monetary policy despite a recent rate cut and a reduction in the reserve requirement ratio, China's central bank governor Zhou Xiaochuan said on Sunday. Monetary policy needs to support growth as well as helping structural adjustments, Zhou said. China's QFII scheme was not flexible enough and reform measures...

  • TOKYO/ MEXICO CITY, March 22- Toyota Motor is finalising plans for its first passenger car assembly plant in Mexico that could be approved by its board as early as next month, according to three people with knowledge of the matter. Toyoda last year asked planners scouting for a site in Mexico to hit' pause' and review the rationale for the project, executives familiar...

  • NEW YORK, March 22- As the dollar surged in the last 12 months, David Marcus, head of the Evermore Global Value fund, steadily increased his stake in Europe. Demand for a way to hedge currency exposure while investing in Europe helped the WisdomTree Europe Hedged Equity Fund bring in $5.3 billion in new assets over the first two months of the year, the most of any equity...

  • INSIGHT-Abe-Kuroda honeymoon soured by fiscal friction Saturday, 21 Mar 2015 | 9:00 PM ET

    TOKYO, March 22- A rift is emerging between Prime Minister Shinzo Abe and his hand-picked central bank boss on how to fix Japan's tattered finances, which could blunt the impact of the "Abenomics" stimulus policies they have worked together to prosecute. Their differences over fiscal policy needed to cut Japan's staggering public debt, which at 230 percent of GDP...

  • March 21- A tentative agreement has been reached in a labor dispute at a Honeywell International Inc uranium conversion plant in Illinois, potentially ending a work stoppage that began last August, federal mediators and the company said on Saturday. Production and maintenance employees at the Metropolis, Illinois, plant who are members of United...

  • March 21- A tentative agreement has been reached in a labor dispute at a Honeywell International Inc uranium conversion plant in Illinois, potentially ending a work stoppage that began last August, federal mediators said on Saturday. Production and maintenance employees at the Metropolis, Illinois, plant who are members of United Steelworkers Local 7 -669...