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  • GENEVA, March 2- Aston Martin on Tuesday announced plans for a luxury crossover SUV that may draw more heavily on its partnership with Daimler, as the British sports car maker confirmed moves to raise more capital and expand into new vehicle categories. Aston has secured about 150 million pounds in additional funding, Chief Executive Andy Palmer said in an...

  • TAIPEI, March 3- Taiwan has ordered Alibaba Group Holding Ltd to withdraw from the country within six months because the online retailer had violated investment rules required for a Chinese company, an economics ministry official said on Monday. Alibaba has been fined T $120,000 and must withdraw or transfer its holdings from its operation in Taiwan, Emile M.P....

  • Iraq battles to rebuild despite war and oil slump Tuesday, 3 Mar 2015 | 4:00 AM ET

    *New city aims to house half a million people near Baghdad. *Challenges face mega projects planned for Basra, Baghdad. BAGHDAD, March 3- On a main highway south of Baghdad, dozens of buildings rise up from the Iraqi plains, the first blocks of a multi-billion-dollar city emerging from a landscape more accustomed to conflict and crisis than glitzy new development.

  • LONDON, March 3- European shares rose close to seven-year highs on Tuesday as better than expected German retail sales further buoyed investors days before the European Central Bank kicks off a trillion-euro bond buying programme. The gains follow a rise in Asia and another record day on the Wall Street. "German retail sales got off to a very strong start in the...

  • Euro zone bond yields pinned at lows with ECB eyed Tuesday, 3 Mar 2015 | 3:53 AM ET

    LONDON, March 3- Most euro zone bond yields held near record lows on Tuesday as investors waited for details of the European Central Bank's trillion euro quantitative easing programme that kicks off later this week. While a rally in low-rated debt that pushed yields in Spain, Italy and Portugal to record lows on Monday eased, investor focus remained fixed on the...

  • SYDNEY, March 3- Australia has ordered the Chinese owner of a A $39 million Sydney mansion to sell up, the first crackdown on foreign residential purchases in nearly a decade amid government attempts to cool one of the world's hottest property markets. "Villa del Mare" was bought "illegally" in November by Golden Fast Foods Pty, a firm owned by Hong Kong- listed...

  • NEW DELHI, March 3- India has widened an investigation into leaks of confidential documents from its oil ministry to include the defence ministry, raising fears that other secrets vital to national security may have fallen into the wrong hands. So far, investigators have focused on how that information was, in turn, used by some of India's biggest oil companies to...

  • LONDON, March 3- The dollar eased from an 11- year peak against a basket of currencies on Tuesday, hit by losses against the yen after an economic adviser to Japanese Prime Minister Shinzo Abe said the greenback could not sustain more gains. Etsuro Honda, who some analysts described as a proponent of yen weakness, told the Wall Street Journal in an interview that...

  • Secretary of State John Kerry flies to Riyadh this week to reassure King Salman that any nuclear deal with Iran is in Saudi Arabia's interest, despite the country's fears it may boost its rival's support for Shi'ite Muslim interests in the region. But Saudi Arabia is sceptical too that any agreement would only let Iran devote more cash and energy to Shi'ite...

  • RIYADH, March 3- Saudi Arabia's subtle change of energy policymaker line-up since the accession of new King Salman in late January appears to give the monarch's inner circle a firmer hand on the kingdom's oil strategy than previous rulers have enjoyed. The most notable change was the promotion of the king's son Prince Abdulaziz bin Salman, long a member of the No....

  • *But high U.S., Middle East production maintains supply glut. *Asian economies benefit from cheap oil- ABN Amro. Front-month Brent futures were trading up 53 cents at $60.07 a barrel by 0807 GMT, though significantly below the day's high of $60.74.

  • HONG KONG, March 3- Hong Kong shares surrendered early gains and closed lower on Tuesday, as losses in mainland China markets outweighed initial optimism fueled by overnight bullishness in U.S. stocks. Shares of mainland banks listed in Hong Kong also fell, dragging the benchmark HSI lower despite initial support stemming from a strong performance on Wall...

  • German data helps keep European shares near highs Tuesday, 3 Mar 2015 | 3:15 AM ET

    LONDON, March 3- European equity indexes were flat to higher at the open on Tuesday, helped by better-than-expected German retail sales data and merger speculation in the Portuguese banking sector. German retail sales rose more by 2.9 percent month on month and 5.3 percent year on year in January, more than economists had expected, helping Germany' x Dax index to...

  • *Kenya may decide pipeline route by mid-year. NAIROBI, March 3- Oil prices would probably need to rise to about $75 to $85 a barrel from around $60 currently for Tullow Oil and Africa Oil to go ahead with their Kenyan project, the chief executive of Africa Oil said. Hill said a level of $75 to $85 would be "just perfect for us," saying that level "makes us very cost...

  • AMSTERDAM, March 3- TomTom, the navigation software and device maker, said on Tuesday it had extended a supply deal with Fiat Chrysler to Latin America and will begin supplying Hyundai Motor with data in Europe. The deals are the latest in a string of successes this year for TomTom, including deals with Volkswagen to supply maps in the United States and traffic data...

  • The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 2.6 percent to 3,507.90 points, while the Shanghai Composite Index lost 2.2 percent to 3,263.05. Among the most active stocks in Shanghai were Bank Of China, down 3.4 percent to 3.97 yuan; China State Construction Engineering Corp Ltd, down 2.5 percent to 6.22 yuan; and Agricultural...

  • CHICAGO, March 3- New technology about to be deployed by credit card companies will require U.S. consumers to carry a new kind of card and retailers across the nation to upgrade payment terminals. Anre Williams, president of global merchants services at American Express, cited cost and complexity as reasons for not issuing PIN numbers, which would require a much...

  • RIYADH, March 3- Saudi Arabia's subtle change of energy policymaker line-up since the accession of new King Salman in late January appears to give the monarch's inner circle a firmer hand on the kingdom's oil strategy than previous rulers have enjoyed. The most notable change was the promotion of the king's son Prince Abdulaziz bin Salman, long a member of the No....

  • March 3- Ben Carson, a retired surgeon popular with Tea Party conservatives, has formally created an exploratory committee to run for president, according to his campaign chief executive, Terry Giles, the Wall Street Journal reported. Carson, a former neurosurgeon at Maryland- based Johns Hopkins University, has no prior political experience.

  • SYDNEY, March 3- Australia on Tuesday announced it was forcing the Chinese owner of a A $39 million Sydney mansion to sell up within 90 days, the first such crackdown on foreign investment in residential real estate since 2006.. "Villa del Mare" was bought "illegally" in November by Golden Fast Foods Pty, owned by Hong Kong- listed Evergrande Real Estate Group through a...