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  • SEOUL, March 23- U.S. crude futures fell on Monday as Saudi Arabia's oil minister said that OPEC will not take sole responsibility for propping up the oil price, and the U.S. dollar started trade in Asia on the defensive on interest-rate uncertainty. "We tried, we held meetings and we did not succeed because countries were insisting that OPEC carry the burden and we...

  • TOKYO, March 23- Asian shares started the week on a strong note on Monday after a weaker U.S. dollar helped fuel solid gains on Wall Street. MSCI's broadest index of Asia-Pacific shares outside Japan was up about 1.3 percent in early trading, while Japan's Nikkei stock average opened up 0.2 percent. "Due to the light economic calendar in the week ahead, the key issue...

  • WASHINGTON, March 22- President Barack Obama's administration is proposing that a new Chinese-led development bank over which Washington has voiced concerns work collaboratively with Western development groups like the World Bank, the Wall Street Journal reported on Sunday. The United States, worried about China's growing diplomatic clout, has been...

  • Global industrial robot sales rose 27 pct in 2014 Sunday, 22 Mar 2015 | 7:00 PM ET

    FRANKFURT, March 23- Sales of industrial robots worldwide rose 27 percent in 2014, driven by demand from the automotive and electronics industries, especially in China and South Korea. Domestic Chinese robot suppliers delivered 16,000 of those 56,000, the IFR said, with foreign suppliers such as Switzerland's ABB, Germany's Kuka and Japan's Yaskawa and...

  • WASHINGTON, March 22- President Barack Obama offered condolences on Sunday on the death of Lee Kuan Yew, calling Singapore's first prime minister "a true giant of history." Obama said in a White House statement that he appreciated Lee's wisdom, including during discussions they held on the president's trip to Singapore in 2009 when Obama was formulating his...

  • *ECB president's speech, Greece in focus. SYDNEY, March 23- The dollar started trade in Asia on the defensive, after a volatile few days in the wake of the Federal Reserve's dovish steer, which cast doubts on bullish positions in the greenback. "Our technical analyst highlights a series of bearish weekly key reversals for USD against EUR, GBP and CAD, suggesting USD...

  • PRESIDENT OBAMA OFFERS DEEPEST CONDOLENCES TO FAMILY OF SINGAPORE'S LEE KUAN YEW, JOINS SINGAPOREANS IN MOURNING HIS DEATH.

  • SINGAPORE, March 23- Lee Kuan Yew, Singapore's first prime minister and architect of the tiny city-state's rapid rise from British military outpost to global trade and financial centre, died on Monday aged 91.. "The Prime Minister is deeply grieved to announce the passing of Mr Lee Kuan Yew, the founding prime minister of Singapore," the Prime Minister's Office...

  • Chinese property developer Kaisa Group, illustrates the challenges for investors holding uninsured corporate debt: Kaisa is trying to restructure 48 billion yuan of debt and is mired in crisis after the local government in its home base of Shenzhen blocked sales at some of its projects last year, leaving investors shell-shocked. A debt restructuring plan...

  • TOKYO, March 23- Two Japanese firms that until recently were the frontrunners to win a multi-billion dollar contract to build Australia's new submarines have rebuffed an invitation to attend a gathering of top Australian naval officials and politicians this week. The no-show by Mitsubishi Heavy Industries and Kawasaki Heavy Industries at an event called...

  • SAN JUAN, March 22- Investors are losing interest in a proposed $2.9 billion bond deal that would provide a financial lifeline for Puerto Rico after three prominent legislators called for debt restructuring, according to three investor sources. Puerto Rico is struggling with more than $70 billion in total debt and must overcome opposition from local...

  • Lockheed Martin Corp runs the GPS "ground control" segment, which enables Air Force officials to operate all GPS satellites, including the IIF satellites built by Boeing. The Air Force said the issue came to light in recent days, but a close examination of archived data showed the problem had gone unnoticed since 2013. It gave no details of the extent of the problem,...

  • RIYADH, March 22- OPEC will not take sole responsibility for propping up the oil price, Saudi Arabia's oil minister said on Sunday, signaling the world's top petroleum exporter is determined to ride out a market slump that has roughly halved prices since last June. Since the oil price collapse, top OPEC exporter Saudi Arabia has said it wants non- OPEC producers to...

  • NEW YORK, March 22- The average price of regular grade gasoline fell 4 cents in the past two weeks, bringing it to $2.50 per gallon, according to the Lundberg survey released on Sunday. The highest price was in Los Angeles, at $3.29 per gallon. Prices are highest in Los Angeles because of the summer blend regulation deadline and California's global warming laws,...

  • NEW YORK, March 22- Benjamin Lawsky, New York state's financial services regulator, has added himself to the regulators investigating Deutsche Bank AG for manipulation of the Libor benchmark borrowing rate, the Financial Times reported on Sunday, citing unnamed sources. The New York Department of Financial Services' probe of the German bank marks the first...

  • WASHINGTON, March 22- The head of the U.S. House Armed Services Committee plans to introduce legislation on Wednesday as part of a six-year drive aimed at speeding up and improving the way the Pentagon buys arms at a time of rapid gains in technology by Russia and China. The legislation includes six measures proposed by Pentagon acquisition chief Frank Kendall,...

  • Starbucks finishes 'Race,' will keep talk alive Sunday, 22 Mar 2015 | 3:23 PM ET
    Starbucks' baristas across the country have begun writing "Race Together" on coffee cups as part of a wider company effort to raise awareness on race relations.

    Starbucks will no longer write "Race Together" on drinks cups but will still talk about race, CEO Howard Schultz said to employees.

  • SAUDI OIL MINISTER SAYS SAUDI ARABIA PUMPS AROUND 10 MLN BARRELS OIL PER DAY, READY TO MEET MORE IF CUSTOMERS WANT.

  • SAUDI OIL MINISTER ALI AL-NAIMI SAYS IT IS A DIFFICULT SITUATION, WE REFUSE THAT OPEC TAKES RESPONSIBLITY ALONE.

  • WASHINGTON, March 22- The U.S. Defense Department is taking aggressive action to bolster the security of U.S. weapons systems against cyberattacks, including issuing new rules for acquisitions that will be finalized in coming months, officials told Reuters. Increased focus on cybersecurity could create opportunities for Lockheed Martin Corp, General...