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  • SINGAPORE, March 2- Oil dropped more than 1 percent on Monday, with Brent slipping below $62 a barrel, depressed by a stronger dollar and a rise in Libya's crude output. "The U.S. dollar strength and euro weakness tend to offset any positive reaction that we're supposed to see in oil prices," said Ric Spooner, chief analyst at CMC Markets in Sydney. Brent crude hit a low of...

  • MUMBAI/ NEW DELHI, March 2- India's government and central bank have agreed to commit to inflation targeting, in the biggest change to monetary policy since India's economy was opened up more than two decades ago, putting priority on subduing almost chronically volatile prices. Reserve Bank of India Governor Raghuram Rajan has championed the move to inflation...

  • Hong Kong shares edge up after China rate cut Monday, 2 Mar 2015 | 3:11 AM ET

    HONG KONG, March 2- Hong Kong shares edged up on Monday after China's central bank cut interest rates to support the slowing economy. The People's Bank of China cut interest rates for the second time in just over three months late on Saturday, as the government hopes to further reduce companies' financing costs. Among the most actively traded stocks on Hong Kong's...

  • China's central bank cut interest rates on Saturday, ahead of factory health readings that showed some worrying signs on growth, in the latest bid to support the world's second-largest economy, as its momentum slows and deflation risks rise. Activity in China's factory sector edged up to a seven-month high in February but export orders shrank and...

  • SINGAPORE, March 2- Malaysia Airlines is re-negotiating contracts, reviewing its fleet and routes, and identifying almost a third of staff to lay off as part of a state-led restructuring programme, owner Khazanah Nasional Bhd said on Monday. The sovereign wealth fund's update on Malaysian Airline System Bhd is the first since it took the carrier private in...

  • MOSCOW, March 2- The Russian rouble weakened at opening on Monday, hurt by a decline in oil prices and the murder on Friday of prominent Kremlin critic Boris Nemtsov. Oil, Russia's chief export, fell about 1 percent on Monday on supply concerns, with becnhmark Brent at $61.9 per barrel, after the first monthly rise since June. "The murder of the famous oppositionist...

  • *No March bookings of Iran oil shipments by India so far- trade. *MRPL buys from Kuwait, Saudi Arabia to replace Iran oil- source. India, Iran's top client after China, shipped in about 102,200 barrels per day of crude and condensate from Tehran in February, the lowest since July 2013, and down 63 percent from January and 62 percent from a year ago, according to tanker...

  • *China Feb PMI edges up to 7- mth high- HSBC. Brent crude was down 38 cents at $62.20 a barrel by 0645 GMT after an 18 percent gain in February, the largest monthly rise since May 2009. Manufacturing activity in China edged up to a seven-month high in February, HSBC's survey showed.

  • The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.8 percent to 3,601.27 points, while the Shanghai Composite Index gained 0.8 percent to 3,336.28. Among the most active stocks in Shanghai were Bank Of China, unchanged at 4.11 yuan; China Petroleum, down 1.1 percent to 6.25 yuan and Agricultural Bank of China, up 0.3 percent to 3.35...

  • Russian rouble weakens at opening on Monday Monday, 2 Mar 2015 | 2:06 AM ET

    MOSCOW, March 2- The Russian rouble weakened at opening on Monday, hurt by a decline in oil prices and the murder on Friday of a prominent Kremlin critic Boris Nemtsov. At 0702 GMT, the rouble was around 0.5 percent weaker against the dollar at 61.95 and lost 0.6 percent to trade at 69.28 versus the euro. For rouble poll data see.

  • GENEVA, March 2- The main talking point at this week's Geneva car show is likely to be a vehicle that may never be built: the Apple car. Thilo Koslowski, vice president automotive at technology market research firm Gartner, believes there is now a race between carmakers and tech companies to control the "brain" of next generation vehicles. The ability of software...

  • ABU DHABI, March 2- The Kuwait Investment Office, the London branch office of sovereign wealth fund Kuwait Investment Authority, is gradually reducing its overweight stance on U.S. assets after keeping that position for seven years, its chief executive said on Monday. Osama al-Ayoub, speaking at a business conference in Abu Dhabi, also said the KIO was going...

  • BARCELONA, March 2- Japan's NTT DoCoMo and Finland's Nokia said on Monday they are working together to develop networks running at high frequencies for use in the 5 G wireless era- technology expected to be showcased at the 2020 Tokyo Olympics. DoCoMo, Japan's largest mobile operator, and Nokia, the world's third biggest telecom equipment maker, said they will be...

  • ABU DHABI, March 2- The Kuwait Investment Office, the London branch office of sovereign wealth fund Kuwait Investment Authority, is gradually reducing its overweight stance on U.S. assets after keeping that position for seven years, its chief executive said on Monday. Osama al-Ayoub, speaking at a business conference in Abu Dhabi, also said the KIO was going...

  • Just 24 percent of those polled said Congress should be allowed to have detailed oversight of the Fed, the poll shows. Fed Chair Janet Yellen came under pressure from conservatives in Congress this week, with some accusing her of bias towards Democrats. "There ought to be some review but I don't know that a full public disclosure of every comment attributed to...

  • The scopes were linked to the exposure of 179 patients to drug-resistant bacteria at UCLA's Ronald Reagan Medical Center in Los Angeles and may have contributed to two deaths. In early 2014, following a superbug outbreak at a hospital in Illinois, the FDA asked Fujifilm Holdings Corp, Olympus Corp and Pentax, which make the devices, to submit their test results...

  • NEW YORK, March 2- The U.S. Securities and Exchange Commission may strip Vanguard Group, BlackRock Inc and State Street Corp, the oldest and biggest providers of exchange-traded funds, of an advantage they hold over newer rivals in how they assemble the shares of their funds, said sources familiar with the SEC. To do that, the SEC has said the securities used to create...

  • WASHINGTON, March 2- Janet Yellen's premium on consensus may lead to a Federal Reserve decision the chair hasn't yet endorsed, as a near majority aligns in favor of a possible June interest rate hike. The five members of the Fed's Washington- based board of governors, including Yellen, have spoken less definitively, though governors including Jerome Powell have...

  • JUPITER, Florida, March 2- In October 2003, Jeb Bush unveiled one of the largest economic projects in Florida history: a $500 million plan to bring Scripps Research Institute to the state and build a biomedical hub he said would generate nearly 50,000 jobs in 15 years. As governor, he described it as a "seminal moment," comparable to Walt Disney World's arrival in...

  • MUMBAI/ NEW DELHI, March 2- India's central bank and the finance ministry have agreed, in the biggest change to monetary policy since opening up its economy more than two decades ago, to introduce inflation targetting to rein in a long history of volatile price rises. The Reserve Bank of India will first aim to have consumer inflation fall below 6 percent by January...