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  • MILAN/ LONDON, March 13- Italy's Eni cut its dividend and suspended a share buyback programme on Friday, becoming the first oil major to reduce payouts after a steep oil price decline in a bid to save funds to spur future production growth. In the first major business plan of Chief Executive Claudio Descalzi, Italy's biggest listed company said it would pay a 2015...

  • S&P keeps Greece rating on "CreditWatch negative" Friday, 13 Mar 2015 | 1:09 PM ET

    March 13- Standard and Poor's said Greece's long-term credit ratings remain on "CreditWatch with negative implications", citing the government's "increasingly stretched" liquidity position. "We believe that the lack of a clear short- and long-term funding plan and the related political uncertainty weigh on GDP recovery prospects and tax compliance," the...

  • DETROIT, March 13- The family of a woman who died in a crash later blamed on a faulty General Motors Co ignition switch has settled a civil lawsuit against the automaker, ending litigation that helped bring to light the company's decade-long delay in recalling millions of defective vehicles. The Melton family was represented by Lance Cooper of the Cooper Firm of...

  • Yet Brazil's real has suffered more than most, with investors spooked by the country's shrinking economy, large current account deficit and a corruption scandal shaking leftist President Dilma Rousseff's government. Instead of actively trying to manage the real's value, as Rousseff did during much of the first four years of her presidency, her government...

  • March 13- Revel Casino's hard luck continues after a U.S. Bankruptcy Court judge rejected its agreement for a sale to a Florida developer for $82 million, marking the third failed deal for the shuttered hotel in New Jersey's struggling seaside resort of Atlantic City. Revel was one of four casinos to close last year in Atlantic City, which is struggling with a...

  • *HSBC refused plea bargain and 1.4 bln euro fine- Le Monde. PARIS, March 13- The French financial prosecutor's office has requested that HSBC's Swiss private bank be put on trial in France to answer charges over a suspected tax-dodging scheme for wealthy customers, a judicial source said on Friday. The probe was sparked by whistleblower Herve Falciani, a former IT...

  • WASHINGTON, March 13- China has effectively put a hold on a draft counterterrorism law that would require technology firms to hand over sensitive information to government officials, a senior U.S. official said this week. "They have decided to suspend the third reading of that particular law, which has sort of put that on hiatus for the moment," White House...

  • US STOCKS-Energy, strong dollar drag Wall St lower Friday, 13 Mar 2015 | 12:33 PM ET

    Crude oil fell 3.7 percent to $45.29 a barrel, extending its losses throughout the morning, after the International Energy Agency said a global glut continued to build and U.S. oil production showed no signs of slowing. Chevron Corp fell 1.4 percent to $101.03 while Noble Corp sank 6.5 percent to $13.28. "It's a bit of a surprise that the U.S. continues to produce at...

  • LONDON, March 13- British left-wing leader Ed Miliband hoped to win more votes by inviting a TV crew into his home. "Exposed: Eddie Two Kitchens," said a headline in the right-leaning Sun newspaper, owned by Rupert Murdoch, on Friday. The existence of Miliband's second kitchen only came to light after the Labor leader- whose personal popularity trails that of Prime...

  • WASHINGTON, March 13- China has effectively put a hold on a draft counterterrorism law that would require technology firms to hand over encryption keys and install security "backdoors," a senior U.S. official said this week. "They have decided to suspend the third reading of that particular law, which has sort of put that on hiatus for the moment," White House...

  • Bankruptcy Court judge on Friday declined to approve the proposed sale of the shuttered Revel Casino Hotel in Atlantic City, New Jersey, for $82 million because she said she lacked jurisdiction. Judge Gloria Burns in Camden, New Jersey, said she could not approve the sale because it would interfere with an appeal being pursued by casino tenants who argue that the...

  • EU considers foreign camps to handle asylum seekers Friday, 13 Mar 2015 | 12:16 PM ET

    BRUSSELS, March 13- European Union foreign ministers will on Monday consider helping set up camps in the Middle East and Africa where people can request asylum on site without having to risk their lives crossing the Mediterranean to reach Europe, officials said. At least 3,500 people, many of them fleeing poverty and fighting, died trying to make the journey in...

  • SHARM EL-SHEIKH, Egypt, March 13- Qalaa Holdings, one of Egypt's largest investment companies, said on Friday its investment strategy would focus on opportunities presented by reforms in the energy sector. Speaking at an investment conference in the Red Sea resort of Sharm El-Sheikh, Qalaa chairman Ahmed Heikal said he was highly encouraged by the...

  • WHITE HOUSE CYBERSECURITY COORDINATOR SAYS CHINA HAS DECIDED TO SUSPEND THIRD READING OF DRAFT COUNTERTERRORISM LAW.

  • New York Fed in crosshairs of Senate Banking committee Friday, 13 Mar 2015 | 11:59 AM ET

    WASHINGTON, March 12- The Senate Banking Committee is zeroing in on the New York Federal Reserve Bank in its reform effort aimed at the U.S. central bank. The Alabama Republican has expressed interest in a plan by the outgoing Dallas Fed president that includes stripping the New York Fed of its permanent vote on policy and transferring Wall Street oversight from...

  • Yet Brazil's real has suffered more than most, with investors spooked by the country's shrinking economy, large current account deficit and a corruption scandal shaking leftist President Dilma Rousseff's government. Instead of actively trying to manage the real's value, as Rousseff did during much of the first four years of her presidency, her government...

  • LONDON, March 13- The euro's slide towards parity with the dollar will provide a much-needed boost for European companies this year and force U.S. rivals to adapt their businesses or risk losing market share. Other companies predicting a tail wind from the around 20 percent drop in the value of the euro over the past six months to $1.06 on Friday include jet...

  • *Iran sanctions may end by June, bringing more crude to market. A weaker U.S. stock market also weighed on oil, adding to worries in earlier trade of Iran reaching a partial nuclear deal with world powers by end March and a full agreement by June that would end sanctions against the OPEC nation and flood the market with even more crude exports. Brent crude fell $1.12, or...

  • *Euro down in Europe after recovering from 12- year low. NEW YORK, March 13- Dollar-buying momentum lifted the greenback against its major rivals on Friday, overcoming disappointing U.S. inflation and consumer sentiment data that would normally weaken it. But this isn't so much about the data, rather the Fed and what to expect from next week's meetings, "said...

  • LONDON, March 13- Gold reversed early gains on Friday and headed for a 10th straight session of losses, its longest losing streak in more than 40 years, as the dollar extended its rally. Gold has taken a beating since a stronger-than-expected U.S. jobs report last week stoked speculation the Federal Reserve would raise interest rates soon. "Gold is holding just...