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  • March 23- Pfizer Inc and Eli Lilly and Co said they planned to resume a late-stage study testing their pain drug tanezumab after the U.S. Food and Drug Administration lifted a partial hold on it. Pfizer expects to receive a $200 million upfront payment from Lilly as a result of the development, the companies said on Monday. The FDA put tanezumab and all other...

  • BERLIN/ ATHENS, March 23- Germany's Angela Merkel does not expect talks on Monday with Greek Prime Minister Alexis Tsipras to resolve his differences with the euro zone over Greece's bailout but she does want to hear from him in person about his reform plans, an aide said. Tsipras' talk of coming up with a new reform package within days to unlock the cash that Greece...

  • CAIRO, March 23- Libya's official government, operating out of hotels in the east after being driven from the capital, is unlikely to succeed in plans announced last week to divert the country's oil export income away from Tripoli. Both sides field armies of fighters whose salaries are paid with export revenues collected by the National Oil Company, which...

  • POLL-South Africa unlikely to raise rates until Q4 Monday, 23 Mar 2015 | 8:10 AM ET

    JOHANNESBURG, March 23- South Africa's Reserve Bank is likely to wait until the fourth quarter before raising interest rates, a Reuters poll shows, meaning no change at a policy meeting this Thursday. However, economists expect the Reserve Bank will have to raise rates eventually because the rand, which has hit 13- year lows against the dollar this year, is likely...

  • *wants non- OPEC cooperation on any output cuts. Saudi Arabia has stood firm on output, saying it would only consider cutting it if other producers outside OPEC also joined. Analysts at Barclays forecast on Monday that if OPEC production held near current levels of near 30 million bpd, the market surplus would expand from 900,000 bpd to 1.3 million bpd.

  • LOS ANGELES, March 23- You may need a degree just to understand the tax breaks available for a college education. Only 42 percent of those polled in a Sallie Mae survey, "How America Pays for College 2014," said they used available tax breaks to help reduce college costs. At the other end of the income scale, families that earn too little to owe income taxes could still...

  • BEIJING, March 23- IBM Corp will share technology with Chinese firms and will actively help build China's industry, CEO Virginia Rometty said in Beijing as she set out a strategy for one of the foreign firms hardest hit by China's shifting technology policies. IBM must help China build its IT industry rather than viewing the country solely as a sales destination...

  • *Agreement is latest Chinese acquisition in Italy. MILAN, March 22- China National Chemical Corp is to buy Pirelli, the world's fifth-largest tyre maker, in a 7.1 billion-euro deal that will put the 143- year-old Italian company in Chinese hands. The deal agreed with Pirelli's top shareholders on Sunday is the latest in a series of takeovers made in Italy by...

  • SINGAPORE, March 23- Dozens of Asia's best and brightest government officials each year join what has become known as the "Mayors' Class"- studying good governance, economic management and how to make their countries work like Singapore. As a result, dozens of countries are sending civil servants to study the Singapore way. "For China in particular, Singapore is...

  • *China could be game changer for green bond market. LONDON, March 23- Companies could issue a record $30 billion in so-called "green bonds" this year, but further growth in the market will depend on developments in China and common standards, Standard& Poor's Rating Services said on Monday. This year, the corporate market has been boosted by more issuances, including...

  • Turkey expects new delays in Airbus A400M delivery Monday, 23 Mar 2015 | 7:48 AM ET

    ISTANBUL, March 23- Turkey is preparing for further delays in the delivery of two A400M military transport aircraft it ordered from Airbus Group, according to defence officials in Ankara. After four years of delays in Europe's largest defence project, Turkey received two of the aircraft in 2014 and was due to receive two more this year. Airbus will have to pay a...

  • NEW YORK, March 23- U.S. stock index futures ticked lower on Monday following strong gains in major indexes last week, as investors eyed negotiations over the future of Greece in the euro zone and as oil prices fell further. *German Chancellor Angela Merkel and Greek Prime Minister Alexis Tsipras were set to meet in Berlin, and Tsipras' list of reform proposals will...

  • MOSCOW, March 23- Lower oil prices will have a long-lasting impact on Russia, Central Bank First Deputy Governor Ksenia Yudayeva said on Monday. The Russian economy is forecast this year to slip into recession for the first time since the aftermath of the global financial crisis in 2009, hit by declining crude prices and sanctions imposed on Moscow over its role...

  • TEL AVIV, March 23- Chinese e-commerce company Alibaba Group is investing in the funds of Jerusalem Venture Partners, one of Israel's leading venture capital groups. Calcalist said the investment was Alibaba's first in a venture capital fund. A delegation of around 20 officials from Alibaba is in Israel this week to meet with JVP and attend a conference on...

  • March 23- MEI Pharma says its cancer drug failed to meet the main goal in a mid-stage study. The drug, pracinostat, in combination with chemotherapy drug azacitidine showed no difference in complete remission in previously untreated patients with myelodysplastic syndrome- a type of blood cancer- against azacitidine alone. Complete remission implies the...

  • *Copper breaks above 100- day moving average. LONDON, March 23- Lead prices climbed on Monday on concern about potential shortages after a dramatic drop in available inventories while a weaker dollar helped to support other metals, with copper rising to its highest in more than two months. I don't know if it's the biggest single percentage cancellation move on...

  • March 23- Tenet Healthcare Corp and United Surgical Partners International will combine their ambulatory and short-stay surgery centers in a deal that will give Tenet the option to buy USPI over the next five years. Tenet also said it would buy UK- based Aspen Healthcare from Welsh Carson for about $215 million in cash. USPI and Aspen are being advised by...

  • *Chinese premiums ease to $4- $5. LONDON, March 23- Gold steadied on Monday, following a three-day rally that pushed it to its highest in two weeks, as a weaker dollar and caution from the Federal Reserve on the timing of a possible hike in U.S. interest rates generated modest investor interest. Gold is usually seen as an insurance against risk in times of financial or...

  • Pirelli rises after takeover bid from ChemChina. Shares in Pirelli outperformed, rising 2.5 percent after China National Chemical Corp agreed to buy the Italian tire maker in a 7.1 billion euro deal. The acquisition, agreed with Pirelli shareholders on Sunday, will see state-owned ChemChina take over the world's fifth-largest tire maker and one of the...

  • Car sales in Russia dropped sharply last year as the economy was hit by a fall in oil prices and Western sanctions over Ukraine. General Motors said last week it would shut its Russian factory and wind down the Opel brand in the country, while Nissan Motor Co suspended Russia production for 16 days this month. The company said its car plant in Kaluga, south of the...