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  • LONDON/ LAUSANNE, Switzerland, April 2- Western banks involved in global commodity trade flows are tightening payment procedures for steel and grain deals with Russia, having already taken similar steps for Ukraine due to its political upheaval. "Until the geopolitical situation is clear, most banks are reducing risk in Russia as well as Ukraine.

  • *Some companies are shelving or cancelling projects in Russia. WARSAW/ MOSCOW, April 2- Elektrobudowa, a Polish firm that builds power plants, is interested in buying its partner out of a Russian company they jointly own, but there is a problem: the partner firm is owned by a pro-Moscow Crimean politician on the EU's sanctions list.

  • WASHINGTON, April 2- The European Central Bank should ease monetary policy to combat dangerously low inflation that could crimp euro zone output and consumer spending, the head of the International Monetary Fund said on Wednesday.

  • Belgian 3D printing company Materialise files for IPO Wednesday, 2 Apr 2014 | 11:47 AM ET

    The company told the U.S. Securities and Exchange Commission in a filing that Piper Jaffray and Credit Suisse are the lead underwriters of the offering.

  • *Weir seeks Metso deal, but key Metso shareholder against. Britain's IMI, Switzerland's Sulzer and Metso all have market values of between $5 billion and $7 billion, while Weir is just a bit bigger at $9 billion.

  • SHANGHAI, April 2- Investors in a small construction materials firm in China that defaulted on its bond payment last week will receive their payouts in about a month, two sources with knowledge of the situation said on Wednesday.

  • LONDON/ LAUSANNE, Switzerland, April 2- Western banks involved in global commodity trade flows are tightening payment procedures for steel and grain deals with Russia, having already taken similar steps for Ukraine due to its political upheaval. "Until the geopolitical situation is clear, most banks are reducing risk in Russia as well as Ukraine.

  • GLOBAL MARKETS-Shares hold recent gains, gold jumps Wednesday, 2 Apr 2014 | 11:27 AM ET

    NEW YORK, April 2- A global stock index edged up to a six-year high on Wednesday, supported by encouraging U.S. economic data as traders focused on Thursday's meeting of the European Central Bank and Friday's U.S. jobs numbers, either of which could move markets significantly. On Wall Street, stocks edged up after the S&P 500 closed at a record high on Tuesday.

  • West's targeted Russian sanctions ensnare investors Wednesday, 2 Apr 2014 | 11:19 AM ET

    WARSAW/ MOSCOW, April 2- Elektrobudowa, a Polish firm that builds power plants, is interested in buying its partner out of a Russian company they jointly own, but there is a problem: the partner firm is owned by a pro-Moscow Crimean politician on the EU's sanctions list.

  • BERLIN, April 2- Volkswagen has joined a rush by Western carmakers to tap fast-growing Southeast Asian markets to take on Japanese rivals in a region where a burgeoning middle class has money to spend.

  • LONDON, April 2- Brent oil fell more than $1 to a near five-month low near $104 a barrel on Wednesday with expectations that rebel-held Libyan ports would reopen within days outweighing an unexpected drop in U.S. crude inventories. Brent crude oil was down $1.35 to $104.28 a barrel by 1537 GMT after reaching its lowest since Nov. 8.

  • TORONTO, April 2- Osisko Mining Corp said on Wednesday that Yamana Gold Inc would buy a 50 percent stake in its mining and exploration assets for C $930 million, in a deal aimed at blocking a hostile bid from rival Goldcorp. Shares of Goldcorp rose 2.6 percent to C $27.78, while Yamana gained 1.4 percent to C $9.84.

  • IMF's Lagarde calls on ECB to ease monetary policy Wednesday, 2 Apr 2014 | 11:00 AM ET

    WASHINGTON, April 2- The European Central Bank should ease monetary policy to combat the risk of "low-flation" that could crimp euro zone output and consumer spending, the head of the International Monetary Fund said on Wednesday.

  • Nazarbayev said he was worried because the previous cabinet had not presented plans to implement a $5.5 billion programme he had ordered to support innovation and small to medium-sized businesses, and to help reduce non-performing loans.

  • WASHINGTON, April 2- The U.S. Supreme Court ruled on Wednesday that an airline customer cannot sue after being thrown out of a frequent flyer program. On a 9-0 vote, the court said Rabbi Binyomin Ginsberg cannot pursue his claims against Northwest Airlines Corp, which ceased operations in 2010 after merging with Delta Air Lines Inc.

  • France's Royal offers Hollande her "green" credentials Wednesday, 2 Apr 2014 | 10:57 AM ET

    *Green Party keeps distance under new premier Valls. The naming in Wednesday's government reshuffle of Royal, an ex-partner of President Francois Hollande, is seen partly as an attempt to maintain Green Party support for an unpopular Socialist government with a thin parliamentary majority.

  • UPDATE 1-Chile mines unharmed by quake; some ports shut Wednesday, 2 Apr 2014 | 10:51 AM ET

    SANTIAGO, April 2- Copper operations in the world's top producer were broadly unharmed after a major earthquake in mineral-rich northern Chile on Tuesday night spooked miners and prompted some preventive evacuation of workers. Chile supplies a third of the world's copper.

  • TRIPOLI, April 2- Libya could finalise an agreement in two to three days with rebels to reopen vital oil ports, a government spokesman said on Wednesday, bolstering hopes for an end to an eight-month stalemate that has dried up oil revenue.

  • *Shares in Prysmian rise on lower than expected fine. BRUSSELS, April 2- U.S. investment bank Goldman Sachs, the world's top cablemaker Prysmian, Nexans and eight other cable firms were fined a total of 302 million euros by European regulators for running a cartel.

  • WASHINGTON, April 2- General Motors came under withering attack for its decade-long failure to notify the public about defective parts linked to fatal crashes, as a U.S. Senate hearing opened on Wednesday with accusations that the company fostered "a culture of cover-up."