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  • Kraft Foods to merge with ketchup maker Heinz Wednesday, 25 Mar 2015 | 6:09 AM ET

    March 25- Kraft Foods Group Inc said it would merge with ketchup maker H.J. Heinz Co, owned by 3 G Capital and Warren Buffett's Berkshire Hathaway Inc, to form the third-largest food and beverage company in North America. Kraft shareholders will receive stock in the combined company and a special cash dividend of $16.50 per share, which will be funded by Berkshire...

  • AT LEAST THREE BRITONS KILLED IN FRENCH ALPS PLANE CRASH- BRITISH FOREIGN SECRETARY PHILIP HAMMOND.

  • ISRAEL'S NETANAYHU TO NAME KULANU PARTY'S KAHLON AS FINANCE MINISTER- LIKUD.

  • *Firms more optimistic about current situation, future. BERLIN, March 25- German business morale rose for the fifth month in a row in March, hitting its highest level since July 2014, a leading survey showed on Wednesday, in a sign that Europe's largest economy powered full steam ahead in the first quarter of 2015.. "Strong growth in the fourth quarter of 2014,...

  • *Oil price drops as China strategic reserves fill. LONDON, March 25- European shares dipped on Wednesday but held near multi-year highs and the euro rose against the dollar after a survey showed the German business climate improving. MSCI's main gauge of Asia-Pacific stocks outside Japan edged up 0.1 percent.

  • *U.S. oil inventories to rise until May- Morgan Stanley. *China strategic reserves close to capacity- Sinopec exec. LONDON, March 25- Brent crude oil steadied above $55 a barrel on Wednesday, not far above the week's lows, as more evidence emerged of global oversupply that has filled fuel storage tanks around the world.

  • FOREX-Euro rises, bolstered by robust German IFO survey Wednesday, 25 Mar 2015 | 5:26 AM ET

    LONDON, March 25- The euro climbed towards $1.10 against the dollar on Wednesday, encouraged by a robust German business morale survey that added to expectations that an economic recovery in the euro zone is strengthening. The euro was up 0.3 percent at $1.0955, having witnessed huge swings in the past week and still well clear of a 12- year trough of $1.0457 set on...

  • BEIJING, March 25- China's commercial and strategic oil storage is almost full, a Sinopec trading executive said on Wednesday, leaving little room for Asia's top oil consumer to keep up its soaring import growth and adding downward pressure to an already oversupplied market. China's purchases to fill its strategic petroleum reserves was one of the main...

  • *Immofinanz plans to make offer for stake in CA Immo. VIENNA, March 25- A battle to create a central and eastern European property powerhouse heated up on Wednesday as Austria's CA Immo and Russian partner O1 Group launched their 422.5 million euro bid for a bigger stake in Austrian peer Immofinanz. CA Immo and O1 Group, which already own around 3.3 percent of...

  • PARIS, March 25- European shares dipped in early trading on Wednesday to just below 7-1/ 2- year highs with investors waiting for clues on the outlook for Germany's economy from a business confidence survey due out at 0900 GMT. Shares in Acerinox, Outokumpu and Aperam surged between about 4 percent and 6 percent after Europe said it will impose punitive...

  • SYDNEY, March 25- Australia is "well and truly" disposed to join the China-led Asian Infrastructure Investment Bank, Prime Minister Tony Abbott said on Wednesday, but wants to know how much power Beijing would hold in the institution before a formal decision. Fairfax Media citing government sources, reported the federal cabinet has approved Australia signing a "...

  • *Leaders of France, Germany, Spain to visit crash area. SEYNE-LES-ALPES, France, March 25- French investigators on Wednesday searched for the reason why a German Airbus ploughed into an Alpine mountainside, killing all 150 on board including 16 teenagers returning from a school trip to Spain. Helicopters flew over the site where the A320 operated by Lufthansa's...

  • MADRID, March 25- Spain's BBVA SA denied having any credit exposure to Indian conglomerate Sahara, just days after the group told a court it had a line of credit from the bank to secure bail for its jailed boss. On Monday, India's Supreme Court gave Sahara three more months to raise bail after the company told the court it had received a line of credit worth 900 million...

  • MOSCOW, March 25- The Russian rouble rose to new 2015 highs on Wednesday, shrugging off a decline in oil prices as Russian exporters continued to sell forex to pay monthly taxes. Analysts at VTB Capital said the rouble has been one of the strongest emerging market currencies this year, having fully pared first quarter losses against the dollar despite a 4.6...

  • BRUSSELS, March 25- The European Union will impose punitive anti-dumping duties from Thursday on imports of stainless steel cold-rolled sheet from China and Taiwan, according to a notice on Wednesday in the EU's Official Journal. Eurofer has said China and Taiwan shipped 620 million euros of cold-rolled stainless steel into the EU in 2013, some 17 percent of...

  • *U.S. inventories to rise until May- Morgan Stanley. *Ballooning stocks to weigh on WTI- Morgan Stanley. SINGAPORE, March 25- Crude oil futures fell on Wednesday as more evidence emerged that China's strategic reserves could nearly be full and U.S. inventories were also ballooning.

  • European shares dip early; Hermes falls after results Wednesday, 25 Mar 2015 | 4:13 AM ET

    PARIS, March 25- European shares dipped in early trading on Wednesday, hovering below 7-1/ 2- year highs, as investors awaited a survey on German business climate for insight on the outlook for Europe's biggest economy. Hermes has a strong exposure to Japan. At 0810 GMT, the FTSEurofirst 300 index of top European shares was down 0.3 percent at 1,600.35 points.

  • March 25- Hong Kong shares ended mixed on Wednesday, with real estate shares rebounding but shares of most major Chinese companies falling in line with losses in mainland markets. Most Chinese banks listed in Hong Kong fell, after the Agricultural Bank of China Ltd late on Tuesday reported a 4 percent dip in fourth-quarter profit and a spike in bad loans as...

  • *U.S. inventories to rise until May- Morgan Stanley. *Ballooning stocks to weigh on WTI- Morgan Stanley. SINGAPORE, March 25- Crude oil futures fell on Wednesday, pressured by ballooning U.S. storage volumes and more evidence that China's strategic reserves could nearly be full.

  • *Australia's Fortescue calls on rivals to cap iron ore output. *Australia's competition regulator says holds "grave concerns". SYDNEY, March 25- Australia's Fortescue Metals Group called on iron ore miners to cap production in the hope of reversing a dramatic fall in prices, triggering a probe by Australia's competition regulator.