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  • 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...

  • *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 $1 at $60.54 a barrel by 0632 GMT, just off the day's high of $60.74.

  • *Gold back above $1,200, but below two-week high. March 3- Gold edged higher on Tuesday, recovering from early losses that pulled it briefly below $1,200 an ounce, as the dollar came off an 11- year peak against a basket of currencies. Gold fell the most in five months in February, with the Federal Reserve seen to be set to lift rates this year for the first time since 2006...

  • HONG KONG, Mar 3- Gambling revenue in Macau, the world's biggest gaming hub, plunged by a record 49 percent in February, as wealthy players shied away from China's only legal casino hub following the economic slowdown and Beijing's crackdown on conspicuous spending. Revenue fell for the ninth consecutive month to 19.5 billion patacas in February, from 38 billion...

  • TOKYO, March 3- Canon Inc Chief Executive Fujio Mitarai said the company had both the funds and willingness for more acquisitions this year, even after a planned 23.6 billion-Swedish-crown takeover of network video surveillance leader Axis AB. Asked about Canon's offer for Axis, which represented a premium of nearly 50 percent to the share price prior to the...

  • JGBs sag on lukewarm 10-year sale, weaker Treasuries Tuesday, 3 Mar 2015 | 12:45 AM ET

    TOKYO, March 3- Japanese government bond prices sagged on Tuesday, weighed down by lukewarm demand at a 10- year debt sale and overnight retreat by U.S. The Bank of Japan's extensive debt purchases as part of its monetary easing drove the 10- year yield to a record low of 0.195 percent in January but has also sucked up liquidity and made the market volatile, sending...

  • China to simplify SOE off-shore financing process soon Tuesday, 3 Mar 2015 | 12:26 AM ET

    The People's Bank of China and related government bodies have already submitted a proposal to streamline "going out" procedures for Chinese firms to the State Council, a central bank official told Shenzhen- based Securities News. Guo's statement did not specify when the new policy might be approved by the State Council, China's cabinet. Financial firms are also...

  • FRANKFURT, March 3- U.S. economist Stephen Ross was named winner of the Deutsche Bank Prize in Financial Economics on Tuesday for helping to create models that have helped markets assess prices for options and other assets for the past three decades. "Ross's models have changed and advanced economic practice profoundly," said the Frankfurt- based Center for...

  • TOKYO/ SYDNEY, March 3- The dollar pulled back a little from an 11- year peak against a basket of major currencies on Tuesday, with the Australian dollar stealing the spotlight as it surged after the Reserve Bank of Australia stood pat on interest rates. The U.S. currency also was pressured against the yen after Etsuro Honda, an economic adviser to Japanese Prime...

  • *But high U.S., Middle East production maintains supply glut. *Asian economies benefit from cheap oil- ABN Amro. "Brent crude prices attempting to rally on rapid week-on-week reduction in U.S.... rig count," Morgan Stanley said on in a note on Tuesday.

  • *China approves 24 IPOs; renews concerns over liquidity. SHANGHAI, March 3- China stocks sagged on Tuesday as investor excitement over a weekend interest rate cut waned, with a flood of new initial public offerings fanning concerns about tighter liquidity. "The rate cut was expected, and it shows that the economy is rather poor," said Hou Yinmin, strategist of AJ...

  • TOKYO, March 3- Embattled Japanese electronics maker Sharp Corp is preparing to seek aid from its two main lenders, a source with direct knowledge of the matter said, in what would be its second bailout in three years despite extensive restructuring. Fierce competition from Apple Inc, Samsung Electronics Co as well as cheaper Chinese makers has hammered Japan's...

  • March 2- United Airlines has no immediate interest in purchasing 777 X aircraft from Boeing Co but views the plane's predecessor, the 777-300 ER, as a potentially good fit for its network, the carrier's Chief Financial Officer, John Rainey, told Reuters in an interview Monday. While Rainey has said the 777-300 ER interests United, he noted Monday that the aircraft...

  • March 2- Target Corp has zeroed in on seven grocery categories, including granola, yogurt and craft beer, to attract younger shoppers, urban dwellers, and Hispanics, the Wall Street Journal reported, citing people familiar with the matter. The changes would mean less shelf space for packaged food companies like Campbell Soup Co, General Mills Inc and Kraft Foods...

  • *Brent crude stabilizes after plunge on Iran nuclear deal talk. TOKYO, March 3- Most Asian stock markets edged higher on Tuesday, bolstered by another record day on Wall Street, while a resurgent yen helped knock the U.S. dollar index off an 11- year high. MSCI's broadest index of Asia-Pacific shares outside Japan added about 0.1 percent, while Japan's Nikkei stock...