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  • UPDATE 3-Simon says: Macerich offer "best and final" Friday, 20 Mar 2015 | 10:03 AM ET

    *Offer values Macerich at $15.10 bln. *Simon Property will not nominate directors to Macerich board. Simon Property raised its cash-and-stock offer for Macerich on Friday to $95.50 per share from $91.00, and said it would withdraw the offer, valued at $23.2 billion, if Macerich did not meet with the company by April 1.

  • OTTAWA, March 20- Canadian retail sales dropped more than expected in January due to lower prices at the gasoline pump, suggesting the economy may have had a weaker start to 2015 than anticipated. Statistics Canada also said on Friday that the annual inflation rate in February was pressured by cheap gasoline as well, holding steady at 1 percent, matching...

  • DUBAI/ KHOBAR, Saudi Arabia, March 20- As the global energy industry stares transfixed at a spectacular drop in U.S. rigs, Saudi Arabia is ramping up the number of machines drilling for oil and gas despite a sharp fall in the price of crude. Industry sources and analysts say the OPEC kingpin is looking beyond the halving of global oil prices since June 2014 to a time...

  • NEW YORK, March 20- Ukrainian Finance Minister Natalie Jaresko said on Friday she has starting meeting with the embattled nation's main creditors and expects to issue $1 billion in U.S. government-backed debt by the end of April as part of a larger IMF-backed loan package. "People are taking U.S. government risk in this case. That is why they give a credit guarantee,...

  • NEW YORK, March 20- U.S. stocks rose at the open on Friday, with the S&P 500 on track to snap a three-week losing streak, lifted by strong earnings at Nike and by another strong showing from the biotech sector.

  • *ICE Benchmark Administration operating new process. LONDON, March 20- The new London Bullion Market Association Gold Price went live for the first time on Friday, with Goldman Sachs and UBS joining the four members of the now defunct gold "fix" in setting its electronic replacement. Goldman and UBS joined Barclays, HSBC, Bank of Nova Scotia and Societe Generale to...

  • By Alexander Winning and Bernardo Vizcaino. MOSCOW/ MANAMA, March 20- Russian lawmakers have introduced to parliament a draft bill to support Islamic finance, aiming to attract capital inflows at a time when an economic slowdown is intensifying and Western sanctions show no sign of being lifted. While many other obstacles remain, the bill is seen a first step to...

  • GHANA OPENS TALKS WITH CONSORTIUM INCLUDING BANK OF AMERICA MERRILL LYNCH AS ADVISORS OVER BRIDGE FINANCE- MEMO.

  • GHANA TO SEEK EUROBOND OF UP TO $1.5 BLN IN H2 2015 TO RETIRE BRIDGE FINANCE, REFINANCE DEBT AND FUND 2015 CAPEX- MEMO.

  • GHANA SEEKS BRIDGE FINANCE OF $300 MLN- $1 BLN IN H1 2015 TO REDEEM MATURING DOMESTIC DEBT- FIN MIN IN MEMO TO PARLIAMENT SEEN BY REUTERS.

  • March 20- Upscale jeweler Tiffany& Co's quarterly sales fell for the first time in five years and are expected to decline further in the current quarter, hurt by the strong dollar. The company expects profit to drop 30 percent in the current quarter, fall more modestly in the second, before recovering in the next two quarters to end up with "minimal growth" in...

  • *Shanghai copper stocks fall, first drop in two months. LONDON, March 20- Copper prices climbed on Friday to a near three-week high after Chinese inventories fell for the first time in two months, a signal that demand in the top metals consumer is slowly recovering after a holiday. Prices also gained support from supply concerns as a blockade of the Grasberg mine in...

  • *Nike climbs in premarket after results, outlook. March 20- U.S. stocks were poised for a higher open on Friday, with the S&P 500 on track to snap a three-week losing skid, buoyed by Nike earnings, as investors assessed the impact of a stronger dollar on corporate earnings. Dow component Nike's rose 5.2 percent to $103.42 in premarket after it posted a quarterly profit...

  • DETROIT, March 20- U.S. new-vehicle sales in March rose only 0.3 percent from a year ago, consultancies J.D. Power and LMC Automotive said on Friday.

  • WASHINGTON, March 20- Child car seat maker Graco will pay a $10 million fine for failing to give timely notice of car seats with defective buckles, ending a federal investigation into the nation's largest recall of child seats, the U.S. regulators and the company said on Friday. Graco Children's Products Inc, a unit of Newell Rubbermaid Inc, agreed to pay $3 million...

  • LONDON, March 20- The euro was on track for its best weekly performance in more than two years against the dollar on Friday, after the U.S. HSBC, one of the top half a dozen players in the foreign exchange market, on Thursday raised its euro forecast to $1.20 by the end of 2017, arguing that the dollar's explosive rally was nearing its end. The euro was 0.6 percent higher...

  • OTTAWA, March 20- Canada's annual inflation rate held at the lower end of the Bank of Canada's target range in February as it was pressured by cheaper gasoline prices, data from Statistics Canada showed on Friday. That kept inflation at its lowest since November 2013. The Bank of Canada, which has a target range of 1 percent to 3 percent, expects total inflation will...

  • *Share exchange ratio altered in Holcim's favour. PARIS/ ZURICH, March 20- Switzerland's Holcim and France's Lafarge have agreed new terms for their plan to create the world's top cement firm, giving unhappy shareholders in the Swiss firm a better deal but leaving a key leadership question unanswered. The companies also agreed that Lafarge boss Bruno Lafont...

  • LONDON, March 20- The euro headed for its best week in more than two years on Friday while yields on low-rated bonds fell as investors welcomed the Fed's caution on rate hikes and a reform pledge from Athens that could avert a cash crunch. Illustrating the problems low inflation is causing for central banks looking to normalise monetary policy in countries such...

  • March 20- Simon Property Group Inc, the No.1 U.S. mall owner, raised its offer for Macerich Co three days after its smaller rival rejected its earlier offer, adopted a poison pill and changed board structure to prevent a hostile takeover. Simon Property raised on Friday its cash-and-stock offer for Macerich to $95.50 per share from $91.00. Simon Property said its...