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  • Hammered by oversupply, U.S. oil prices fell 60 percent from $107 a barrel in June to below $44 a barrel in January before rallying and trading in a range around $50 in February. "We thought the market was being supported by a couple of false positives, and a couple of one-offs that we didn't think were sustainable into the second quarter," said Michael Cohen, head of...

  • BOGOTA, March 16- A decision by Colombia's state-run Ecopetrol to reclaim control of the Rubiales oil field will imply heavier investment for it to sustain output and raises pressure on Canada's Pacific Rubiales to replace the future loss of nearly half its production, analysts say. Ecopetrol announced on Friday it would not renew a contract in mid-2016 under...

  • SAO PAULO, March 16- Huge demonstrations against President Dilma Rousseff over the weekend will make it harder for her to fix Brazil's finances and repair the economic damage from a corruption scandal at state-run oil company Petroleo Brasileiro SA. Rousseff is seen as safe from any impeachment threat for now since it is unlikely her opponents could marshal...

  • March 16- U.S. stocks rallied on Monday as the U.S. dollar eased back from its recent peak and worries eased about the timing of a Federal Reserve interest rate hike. The S&P healthcare sector led gains in the S&P 500. It jumped 2.2 percent, helped by a 5.7 percent price increase in shares of Amgen to $163.03, following promising data in studies of a new class of...

  • March 16- An independent panel recommended unblinding a late-stage study testing Pharmacyclics Inc and Johnson& Johnson's Imbruvica, after the treatment was successful in treating two types of cancer in combination with other drugs. Pharmacyclics, which recently agreed to be acquired by AbbVie Inc, said Imbruvica showed a statistically significant...

  • NEW YORK, March 16- The U.S. dollar weakened broadly on Monday ahead of the Federal Reserve's policy meeting on worries that the central bank could become more cautious about raising interest rates, while Wall Street stocks rose as the greenback's fall eased worries about its effect on corporate profits. The euro rose 0.7 percent $1.0569, after marking its...

  • NEW YORK, March 16- U.S. Analysts said the rally in the dollar could lead the Fed to reconsider removing the term, however, given the negative impact of the stronger currency on economic competitiveness and inflation in the United States. "It's only a matter of time before the Fed will certainly address the strength of the dollar," said Edward Acton, Treasury...

  • Cablevision to offer HBO NOW to online customers Monday, 16 Mar 2015 | 4:06 PM ET

    March 16- Cable TV operator Cablevision Systems Inc said it would offer HBO's standalone streaming service, expected to premiere next month, to its Optimum Online internet customers. Apple Inc said last week that HBO Now would be available on its devices. The company's shares closed up 2 percent at $18.21 on the New York Stock Exchange on Monday.

  • NEW YORK, March 16- U.S. stocks rallied 1 percent on Monday as the U.S. dollar eased back from its recent rally and worries softened about the timing of a Federal Reserve interest rate hike.

  • March 16- Puerto Rico will delay a planned bond sale of up to $2.95 billion until early May due to ongoing negotiations and due diligence between the U.S. commonwealth and potential buyers, according to three sources familiar with the matter. Puerto Rico officials recently said the deal, aimed at providing additional liquidity ahead of drawdowns this summer,...

  • *Euro helped by comments from Italy's Visco. "The concern... is that the dollar has gone too fast too soon, and this could affect the Fed's inflation goal," said Joe Manimbo, senior market analyst at Western Union Business Solutions in Washington. There are also lingering concerns about the U.S. labor market, said Brian Dolan, head market strategist at online brokerage...

  • *Europe's manufacturing center shifts to Germany and hinterland. *UK, France, Spain and Italy seen losing industrial capacity. BRUSSELS, March 15- Once depicted as a "Blue Banana" stretching from Manchester to Milan, Europe's industrial heartland has moved eastwards just as its political center of gravity has shifted to Germany.

  • March 16- An independent panel to the U.S. Food and Drug Administration recommended unblinding a late-stage study testing Pharmacyclics Inc and Johnson& Johnson's Imbruvica, after the treatment was successful in treating two types of cancer in combination with other drugs. Pharmacyclics, which recently agreed to be acquired by AbbVie Inc, said Imbruvica...

  • BOGOTA, March 16- Ecuador's economy expanded around 3.8 percent in 2014, below the government's estimate, and growth expectations for this year will be revised down due to the fall in global crude prices, the economy minister said on Monday. The dollarized economy of OPEC's smallest member has been battered by the fall in global crude prices.

  • LONDON, March 16- South Africa's mining minister said on Monday he expected to start issuing shale exploration licences later this year. "At the moment we are going through the consultation process," Ngoako Ramatlhodi told Reuters on the sidelines of the Chatham House extractive Industries in Africa conference. Earlier in the day, Royal Dutch Shell had said it...

  • March 16- The number of travelers flying on U.S. airlines is expected to grow by about 50 percent in the next two decades, according to a report by the U.S. Federal Aviation Administration. The FAA forecast on Monday that U.S. airlines will carry 1.14 billion passengers by 2035, up from an estimated 756.3 million last year, assuming in part that U.S. real gross...

  • *Signs of nuclear deal and end of sanctions for Iran add pressure. NEW YORK, March 16- Oil prices fell 2 percent on Monday, with U.S. crude hitting six-year lows, on signs of higher output in the United States and Libya and a possible nuclear deal that could end sanctions for Iran, allowing more of its oil into the market. The United States and Iran, meanwhile, inched closer...

  • LONDON, March 16- Plans to ban branding on cigarette packaging in England passed their final legislative hurdle on Monday after lawmakers in Britain's upper house of parliament approved them, meaning firms will be forced to adopt plain, standardised packets. Prime Minister David Cameron's Conservative-led government is introducing the measures after...

  • PHILADELPHIA, March 16- A U.S. senator from Pennsylvania on Monday called for measures to provide resources and training to first responders who handle crude oil train derailments. Under the legislative proposal, a task force on derailments would be created under the Federal Emergency Management Agency to make recommendations to the U.S. Congress for...

  • *Andorra says banking system under stress. MADRID, March 16- State-appointed managers at Andorra's Banca Privada d' Andorra have capped cash withdrawals in an attempt to contain the damage from U.S. allegations the bank laundered money for international criminal gangs. Andorra took control of the bank after the U.S. Department of the Treasury described it last...