WASHINGTON, Aug 27- International Business Machines Corp on Wednesday launched a computer system that can quickly identify patterns in massive amounts of data, an ability that IBM said should hasten breakthroughs in science and medical research. IBM will make the service available through the cloud.» Read More
VIENNA, March 28- Austrian state holding company OIAG's board authorised management on Friday to negotiate pooling the state's Telekom Austria stake with that of Carlos Slim's America Movil, OIAG said in a statement.
March 28- The Pimco Total Return Fund, the world's largest bond fund, is trailing 87 percent of its peers so far this year, according to Morningstar data on Friday, in the latest setback for co-founder Bill Gross.
HONG KONG, March 28- The U.S. "I personally doubt that the funds rate is going to start to increase before the middle of 2015," Chicago Federal Reserve Bank President Charles Evans told a Credit Suisse investment conference in Hong Kong.
PARIS, March 28- European stocks rallied on Friday, with Milan's benchmark index hitting a near three-year high, lifted by mounting expectations that the European Central Bank will ease policy next week to support the region's fragile economic recovery.
NEW YORK/ LONDON March 28- Swiss bank UBS AG has suspended U.S.-based veteran currency trader Michael Velardi, one of up to six traders placed on leave this week, pending ongoing international investigations into allegations of collusion and market rigging, a source familiar with the matter said on Friday.
In letters with regulators and testimony to lawmakers, leaders of trade groups like the American Petroleum Institute have said since January that they will share results of their tests on fuel from North Dakota's Bakken oil patch, where the derailed trains were loaded.
DETROIT, March 28- General Motors Co said on Friday that it had told its dealers to stop selling certain Chevrolet Cruze small cars for an undisclosed issue, another blow to a company dealing with the crisis created by defective ignition switches linked to at least 12 deaths. "I can just confirm that we put a stop-sale in last night," GM spokesman Alan Adler said.
WASHINGTON, March 28- The White House said on Friday it will take a hard look at whether new regulations are needed to cut emissions of methane from the oil and gas industry, part of President Barack Obama's plan to address climate change.
COSTA DO SAUIPE, Brazil, March 28- Brazil's credit rating could come under pressure again if its economy continues to grow at a slow pace during the next five years or so, analysts with Standard& Poor's said after the ratings agency downgraded the country to near junk status this week.
BERLIN, March 28- German Chancellor Angela Merkel said on Friday that she told visiting Chinese President Xi Jinping it was crucial to ensure freedom of expression in both China and Germany.
CHINA'S XI SAYS IS COUNTING ON A POLITICAL AND DIPLOMATIC SOLUTION TO THE CRISIS IN UKRAINE.
LISBON, March 28- Portugal's chances of making a clean break from its international bailout in May are growing as its economic outlook gradually improves, borrowing costs slide, and some political dividends are seen for the government from going it alone. Prime Minister Pedro Passos Coelho has said the government will decide on what to do in April.
BERLIN- CHINESE PRESIDENT XI SAYS HIS COUNTRY HAS "NO PRIVATE INTERESTS" IN THE UKRAINE CONFLICT.
MERKEL SAYS IF I WERE RUSSIA I WOULD NOT BE SATISFIED WITH RESULT OF U.N.
LONDON, March 28- The strength of London's property market was thrown into sharp relief on Friday as Songbird Estates Plc, main owner of the Canary Wharf estate in east London, said the estimated value of its buildings and planned developments had jumped by nearly half in the past year.
*Alcoa cuts 147,000 T capacity at Brazilian smelters. LONDON, March 28- Aluminium climbed on Friday after U.S. producer Alcoa cut more capacity from an over-supplied market while copper hit its highest level in 2-1/ 2 weeks as speculation gathered pace that China could step in to stimulate its economy.
WASHINGTON, March 28- The U.S. Federal Trade Commission seeks a settlement of $1 billion or more from pharmaceutical companies it has sued for delaying the sale of cheaper medicines after patents on brand-name drugs may have expired, an FTC official told a legal conference on Friday.
HONG KONG, March 28- China Shenhua Energy Co Ltd, the country's largest coal producer, posted a 9.3 percent fall in 2013 net profit, roughly in line with forecasts, as coal prices slid amid a slowing domestic economy.
NEW YORK, March 28- The dollar edged lower against the euro on Friday while rising against the yen on greater investor risk appetite after comments from a Chinese official indicated the government could implement a fresh round of stimulus.
MERKEL SAYS TOLD VISITING CHINESE PRESIDENT XI THAT FREEDOM OF EXPRESSION I SVITAL TO SOCIETIES LIKE CHINA AND GERMANY.