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  • *Schlumberger sees higher oil prices in second half of 2015. NEW YORK, March 23- U.S. crude oil climbed above $47 a barrel on Monday as a declining dollar offset global oversupply concerns stemming from an announcement by Saudi Arabia that it was pumping around 10 million barrels per day, near a record high. Houston- based Schlumberger Ltd, the world's top oilfield...

  • March 23- The U.S. Supreme Court on Monday declined to revive a lawsuit by singer-songwriter Todd Rundgren and his wife Michele accusing JPMorgan Chase of wrongfully attempting to foreclose on the couple's Kilauea, Hawaii home. JPMorgan spokesman Jason Lobo declined comment. The Rundgrens' dispute stems from a $3 million refinancing loan the couple arranged...

  • *Chinese premiums ease to $4- $5. LONDON, March 23- Gold firmed for the fourth straight session on Monday to its highest in more than two weeks, as the dollar extended losses and expectations rose that the Federal Reserve will hold off until at least September to raise interest rates. Gold had dipped to a four-month low before the Fed met last week as concerns mounted...

  • LONDON, March 23- Banks must prevent traders sharing order information under a new global code of conduct that bans traditional slang usages and gives dealers more guidelines for what they can and cannot say about the world's biggest financial market. The 8- page document, seen by Reuters, is part of efforts to head off future abuses after two years of scandal...

  • Saudi cabinet approves tax on undeveloped land Monday, 23 Mar 2015 | 11:40 AM ET

    RIYADH, March 23- Saudi Arabia's cabinet on Monday approved a proposal to tax undeveloped land in urban areas, a policy that could help to end a shortage of affordable homes and spur economic growth. The cabinet told a council of top economic officials to prepare a mechanism for the tax, saying the matter was urgent, state news agency SPA reported.

  • GM ignition switch death toll increases to 74 Monday, 23 Mar 2015 | 11:27 AM ET

    March 23- General Motors Co has seven more claims eligible for compensation for deaths due to accidents caused by faulty ignition switches, taking the total to 74, according to the official administering the company's compensation program. Lawyer Kenneth Feinberg determined that a total of 200 claims, including 11 severely injured and 115 who were...

  • *Wall Street gains as dollar adds to losses, oil also rises. Gold steadied after a three-day rally lifted it to a two-week high, while copper prices in London hit their highest point since Jan. 9. "The market has been in a back-and-forth motion for the last couple of weeks, caught between the potential for rising interest rates and its impact on the dollar and the...

  • *Schlumberger sees higher oil prices in second half of 2015. LONDON, March 23- Oil prices rose close to $56 a barrel on Monday as a weaker dollar offset concerns over global oversupply after Saudi Arabia said it was pumping around 10 million barrels per day, near a record high. Saudi Arabia has stood firm on its decision to maintain production levels, saying it would...

  • March 23- MEI Pharma lost more than two-thirds of its market value on Monday after the company's cancer drug failed to meet the main goal in a mid-stage study. "The risk profile for pracinostat has significantly increased and one potential scenario is the discontinuation of the drug's development," Roth Capital's Joseph Pantginis said, slashing his price...

  • *Greece in focus in Europe. "There's a very large long-dollar position in the market, and what we appear to be facing is an unwind of that position," said Richard Cochinos, head of Americas G10 FX strategy at Citi in New York. The euro continued to strengthen against the dollar despite comments from European Central Bank President Mario Draghi on the central bank's...

  • FRANKFURT, March 23- The European Central Bank said on Monday it has spent 26.3 billion euros on bonds in a new program to pump more than 1 trillion euros into the 19- country economy. Under the program, the ECB aims to purchase 60 billion euros a month of securities until September 2016, or beyond if needed to see a sustained adjustment in the inflation path back...

  • LONDON, March 23- Average daily volumes in the global foreign exchange market fell in February after soaring the previous month in the wake of Switzerland's shock removal of its currency cap, data from FX settlement system CLS showed on Monday. January was turbulent for the FX market, with the shock move on Jan. 15 by the Swiss National Bank to scrap its cap on the...

  • *Pirelli rises after takeover bid from ChemChina. LONDON, March 23- European shares slipped from multi-year highs on Monday, with car stocks hurt by a rise in the euro and lingering worries over Greece leading investors to book profits. Traders said that lingering uncertainty over Greece was also pegging back European stock markets.

  • WASHINGTON, March 23- U.S. home resales rebounded modestly in February as a persistent shortage of properties on the market spurred the biggest price jump in a year, a trend that could undermine the spring selling season. The National Association of Realtors said on Monday that existing home sales rose 1.2 percent to an annual rate of 4.88 million units.

  • *Vestel says facing surge in mobile phone imports to Turkey. GENEVA, March 23- The European Union and Taiwan have said a bid by Turkish appliance manufacturer Vestel to get Ankara to impose emergency import tariffs on mobile phones would probably be illegal if it is approved, according to documents published on Monday. Turkey notified the World Trade...

  • March 23- Ocwen Financial Corp rejected allegations of poor mortgage servicing practices and said on Monday that it had sent a letter to trustees of 119 mortgage pools, arguing that it should not be removed as a servicer. Investors including BlackRock Inc and Metlife Inc sent a notice to Ocwen and the trustees in January, alleging improper loan modification...

  • HIGHLIGHTS-ECB's Draghi speaks in European Parliament Monday, 23 Mar 2015 | 10:19 AM ET

    March 23- European Central Bank President Mario Draghi spoke at the European Parliament in Brussels on Monday. Following are highlights from his comments:. We expect inflation in the euro area to remain very low or negative in the months ahead because the recent fall in oil prices will continue to influence the figures until later in the year.

  • WASHINGTON, March 23- The U.S. Supreme Court on Monday agreed to hear an appeal filed by DirecTV Inc concerning the satellite television provider's efforts to enforce arbitration agreements its customers in California have signed. The litigation dates back to 2008 when Amy Imburgia and Kathy Grenier filed class action lawsuits saying that DirecTV had...

  • US STOCKS-Stocks up as dollar ads to losses, oil gains Monday, 23 Mar 2015 | 10:06 AM ET

    *U.S. dollar extends losses, crude turns positive. NEW YORK, March 23- U.S. stocks edged higher on Monday following strong gains in major indexes the previous week, as investors assessed gyrations in the dollar and crude prices and their impact on equities. "The market has been in a back-and-forth motion for the last couple of weeks, caught between the potential for...