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  • NEW YORK, March 24- U.S. A majority of Wall Street's top banks now see the Fed holding off until at least September before raising interest rates for the first time since 2006. "There's very little inflation in the system and will continue to be going forward," said Tom di Galoma, head of rates and credit trading at ED&F Man Capital Markets in New York.

  • March 24- Morgan Stanley Chief Financial Officer Ruth Porat is leaving the bank to join Google Inc in the same position, the companies said on Tuesday. Jonathan Pruzan, co-head of Morgan Stanley's global financial institutions group in investment banking, will become CFO after Porat leaves on April 30. Google shares were up about 1 percent at $571 in premarket...

  • LONDON, March 24- Leaving the European Union would be disastrous for Britain and harm its economy, Standard Life Chairman Gerry Grimstone said on Tuesday. "It would be disastrous for London and the UK if the UK were to leave the single market," Grimstone told a conference on how to maintain Britain's competitiveness as a financial centre. Grimstone, who also chairs...

  • *Consumer prices rise 0.2 percent in February. WASHINGTON, March 24- U.S. consumer prices rebounded in February as gasoline prices rose for the first time since June, and there were also signs of an uptick in underlying inflation pressures, which could keep a June interest rate increase on the table. The Labor Department said on Tuesday its Consumer Price Index...

  • TORONTO, March 24- Diversified U.S. mining and energy company Freeport-McMoRan Inc said on Tuesday it is slashing its quarterly dividend by 84 percent in response to the impact of lower commodity prices. The company is cutting its dividend to 5 cents a share from 31-1/ 4 cents a share/ The stock was off 2.7 percent to $18.80 in trading before the morning bell in New...

  • Morgan Stanley CFO Ruth Porat to resign Tuesday, 24 Mar 2015 | 8:58 AM ET

    March 24- Morgan Stanley Chief Financial Officer Ruth Porat has decided to leave the firm to take on a new role in Silicon Valley, according to an internal memo seen by Reuters. A Morgan Stanley spokesman confirmed the news. Porat joined Morgan Stanley in 1987..

  • March 24- Ocwen Financial Corp said it would sell an additional $25 billion of servicing rights on agency loans to a subsidiary of Nationstar Mortgage Holdings Inc, its fourth such deal in two months. The portfolio being sold to Nationstar comprises about 142,000 performing loans owned by government-controlled mortgage finance firms Freddie Mac and Fannie...

  • US TREASURY YIELDS RISE AFTER CONSUMER PRICE DATA, 10- YEAR NOTE YIELDS INCREASE TO 1.91 PCT.

  • NEW YORK, March 24- When the president of Audi of America hits the road, most of his business journeys are more than a car trip away. Scott Keogh, who is based in Herndon, Virginia, travels regularly for work and has one favorite destination: Geneva. "Beyond the charm of what I consider one of Europe's finest cities, the sheer beauty of the Swiss landscape is breathtaking,"...

  • WASHINGTON, March 24- U.S. consumer prices rebounded in February as gasoline prices rose for the first time since June, and there were also signs of an uptick in underlying inflation pressures, which could keep a June interest rate increase on the table. The Labor Department said on Tuesday its Consumer Price Index increased 0.2 percent last month after...

  • March 24- Bristol-Myers Squibb said on Tuesday it had agreed to acquire rights to a Novo Nordisk immune system research program, which the Danish company is divesting as it focuses further on diabetes care. The project aims to modulate the innate immune system as a therapy for autoimmune diseases and the U.S. drugmaker said it fitted with its long-standing...

  • *Gauge shows China factory activity skids to 11- month low. LONDON, March 24- The euro rose and European shares steadied on Tuesday, responding to signs the euro zone economy is gaining momentum, while a slowdown in factory activity in China kept oil and commodities-linked assets under pressure. "Any positive surprises from the euro area are further adding to this...

  • LONDON, March 24- Ukraine's debt burden cannot be restructured by just extending the maturity of its bonds, and creditors are unlikely to benefit if they "hold out" to maximize payments, Finance Minister Natalia Yaresko said on Tuesday. After a year of war and political upheaval that has seen its currency plummet and sent its economy into a tailspin, Ukraine agreed...

  • March 24- Private equity firm Quantum Energy Partners will invest up to $1 billion in a new entity for acquisition and development of oil and gas assets that will be managed by Linn Energy LLC. The new entity's debt-raising capacity, combined with any stake purchases by Linn, could give it the potential to fund more than $2.5 billion of acquisitions and asset...

  • *China factory activity contracts- HSBC/ Markit. LONDON, March 24- Brent crude reversed early losses to rise above $56 a barrel on Tuesday, as a weaker dollar overshadowed signs of slowing growth in China and Saudi Arabian oil production close to an all-time high. Brent futures for May delivery were trading up 12 cents at $56.04 by 1154 GMT, while U.S. crude rose 30...

  • INSCH, Scotland, March 24- Scotland may have said' No' to independence last year, but Alex Salmond, who has campaigned for 30 years to break away from the United Kingdom, believes a tie-breaker British election next month could offer a chance to put the question again. Since Scots voted 55-45 percent to preserve the United Kingdom in last September's referendum, the...

  • Private sector data helps European shares recover Tuesday, 24 Mar 2015 | 7:48 AM ET

    *Lufthansa, Airbus down after plane crash. LONDON, March 24- The pan-European FTSEurofirst 300 index steadied near a recent 7-1/ 2- year high on Tuesday after falling earlier in the session, with forecast-beating economic data from Germany offsetting a poor reading of Chinese factory activity. However, Lufthansa and Airbus were down 4.7 percent and 2.1 percent...

  • No signs Russia might leave WTO, director general says Tuesday, 24 Mar 2015 | 7:41 AM ET

    RIGA, March 24- Russia shows no signs of wanting to leave the World Trade Organization, WTO chief Roberto Azevedo said on Tuesday, despite tensions with the West over the Ukraine crisis and disputes with other member states. "Russia has been a party to disputes in the WTO and I think every single member of the WTO including Russia knew that would be the case."

  • China officially approves three new free trade zones Tuesday, 24 Mar 2015 | 7:39 AM ET

    BEIJING, March 24- China's government approved on Tuesday the formation of three new free trade zones in the city of Tianjin, southeastern Fujian province, and southern Guangdong province, the official Xinhua news agency reported. The three new free trade zones along China's eastern coast-- mooted for several months but officially given the green light on...

  • FOREX-Euro gains against dollar on robust PMI surveys Tuesday, 24 Mar 2015 | 7:38 AM ET

    *Aussie slips briefly after weak China flash HSBC PMI. LONDON, March 24- The euro rose for the third day running against the dollar on Tuesday, bolstered by better-than-expected euro zone business surveys that pointed to a broader recovery taking place in the currency bloc. The euro was up 0.4 percent at $1.0984, having risen to $1.10 after the business surveys...