--Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, July 28- One thing has become clear from the latest production reports from the big three iron ore miners: They appear intent on ensuring their dominance by boosting low-cost output.» Read More
WASHINGTON, March 10- The Obama administration on Monday told members of Congress that it will not finalize controversial changes to the Medicare Part D prescription drug benefits program "at this time," following weeks of growing opposition to the proposals from a broad coalition of interests.
BERLIN, March 10- Initial inspections of Bangladesh garment factories organised after the collapse of the Rana Plaza complex have found safety problems including overloaded ceilings, exposed cables and locked fire escapes, an industry-backed group said on Monday.
ADMINISTRATION SAYS IT WILL SEEK FURTHER STAKEHOLDER INPUT ON MEDICARE PART D BEFORE ADVANCING SOME OR ALL CHANGES "IN FUTURE YEARS".
US ADMINISTRATION TELLS CONGRESS IN LETTER THAT IT DOES NOT PLAN TO FINALIZE CONTROVERSIAL CHANGES TO MEDICARE PART D PROGRAM GIVEN "THE COMPLEXITIES OF THESE ISSUES".
China's exports unexpectedly tumbled in February, falling 18.1 percent from a year earlier and swinging the trade balance into deficit. The data underscored recent concerns about the outlook for China's economy, even though the Lunar New Year holidays were blamed for the slide.
TRIPOLI, March 10- Libyan navy and allied militia forces have surrounded a North Korea- flagged tanker just outside an eastern port held by rebels, a navy spokesman said on Monday. The Morning Glory has loaded crude oil worth $30 million at the Es Sider port, bypassing Tripoli authorities, despite a government threat to bomb it should it sail away.
OTTAWA, March 10- The separatist Parti Quebecois is no longer in the lead in Quebec's provincial election campaign, though it would likely win the most seats in the April 7 vote if current support holds, according to a recent poll.
RIO DE JANEIRO/ LONDON, March 10- Emerging stocks fell over 1 percent on Monday after poor Chinese export data re-ignited global concerns of a slowdown in the world's No. 2 economy and pushed Chinese shares to a five-year closing low.
*$40 bln contract is one of largest in Middle East. DUBAI/ CAIRO, March 10- A $40 billion deal for Dubai firm Arabtec to build one million homes in Egypt may mark the start of politically-inspired Gulf investment in the country's creaking infrastructure, from housing to transport, power generation and agriculture.
NEW YORK, March 10- U.S. oil fell by more than $1 per barrel on Monday, pressured by an unexpected fall in China's exports that stoked fears of a slowdown in the world's second largest economy. Data from the IntercontinentalExchange showed the same managers raised their bullish Brent positions to their highest since October.
Gox, once the world's largest bitcoin exchange, filed for U.S. bankruptcy protection in Dallas late Sunday, a move that will temporarily halt U.S. legal action against the Japanese company.
*FTSEurofirst 300 down 0.5, Germany's DAX down 0.9 pct. LONDON, March 10- European shares fell for the second session running on Monday, hit by tensions between Russia and Ukraine and weak economic data from the world's second-largest economy, China.
DETROIT, March 10- General Motors Co said on Monday that the team conducting a probe of the company's handling of an ignition switch recall linked to 13 deaths includes attorneys from both inside and outside the No. 1 U.S. automaker.
*Iron ore stocks in China swell to record 105 mln tonnes. SINGAPORE, March 10- Chinese steel futures hit record lows and spot iron ore prices posted the biggest one-day fall in over four years on Monday after China's trade balance swung into deficit and amplified fears of a slowdown in the world's No. 2 economy.
*Countries grapple for deal to prevent embarrassing delay. BRUSSELS, March 10- European governments and lawmakers will try to reach a deal this week on how to wind down failing banks, clearing the way for a landmark reform as time runs out to win European Parliament approval before May elections.
JOHANNESBURG, March 10- A public spat emerged on Monday between South Africa's labour mediator and the Chamber of Mines over the former's handling of talks to end an almost seven-week strike in the platinum sector, further dashing hopes of any breakthrough.
*Simmering tensions over Ukraine hurt stocks, lift gold. LONDON, March 10- Gold recovered from early losses to edge higher on Monday as support from the standoff in Ukraine offset pressure from last week's strong U.S. payrolls data and weakness in other commodities after a sharp drop in Chinese exports.
*China's trade balance swings to deficit. NEW YORK, March 10- U.S. "The backup in yields thus far is going to create decent demand," Guy LeBas, chief fixed income strategist at Janney Montgomery Scott in Philadelphia.
March 10- Chemical manufacturer FMC Corp said it would split into two companies, one comprising its minerals business and the other its agricultural solutions, health and nutrition businesses. FMC's shares rose as much as 8 percent to a life-high of $83.94 in morning trade on the New York Stock Exchange on Monday.
*Deputy governor says stronger sterling unhelpful for UK. DARLINGTON, England, March 10- The Bank of England could keep interest rates lower for longer if sterling strengthens much more, Bank of England deputy governor Charlie Bean said on Monday, in a rare comment by the central bank on the level of the pound.