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  • FACTBOX-How Europe's "bad banks" have fared Monday, 2 Mar 2015 | 12:12 PM ET

    Belgium had two major banking failures, Fortis and Dexia. With the former, toxic assets were purchased for 11.7 billion euros by a separate vehicle Royal Park Investments, owned by Fortis, the Belgian state and BNP Paribas. Credit Suisse and Lone Star Funds bought RPI's assets for 6.7 billion euros in 2013. RPI is active now only in U.S. legal disputes.

  • NEW YORK, March 3- With thousands of free downloads at the ready with the swipe of a finger, parents of tweens face a daunting question: How much are they willing to spend to lure their children away from electronic devices? A real-life classic version of the board game costs around $21, compared to 99 cents for the app. At the annual Toy Fair in New York in mid-February,...

  • *Speculation over Iran nuclear deal drove prices down earlier. Iranian Foreign Minister Mohammad Javad Zarif said a deal on Iran's nuclear programme could be concluded this week if the United States and other Western countries had sufficient political will and agreed to remove sanctions on Tehran. Iranian oil exports have been restricted by sanctions for...

  • MOSCOW, March 2- Russia may face net capital outflows of around $30 billion in the first quarter and $90- $100 billion in 2015 as a whole, Finance Minister Anton Siluanov told reporters on Monday. The forecast implies a fall from last year's record net capital outflow of $151.5 billion. He added that Russia was unlikely to tap foreign capital markets next year, for...

  • FOREX-Dollar touches 11-year peak as euro gains fade Monday, 2 Mar 2015 | 11:58 AM ET

    *ECB policymakers meet in Cyprus on Wednesday, Thursday. The yen was off 0.45 percent at 120.07 yen to the dollar in late-morning New York trade. "The dollar's long-term trend is up but it now is in some consolidation," said Paul Christopher, international strategist at Wells Fargo in St Louis.

  • DUBLIN/ MADRID, March 2- Europe's tough treatment of Greece's new government has eased some immediate anti-austerity pressure in Ireland and Spain, but it may take a lot more than that to put Dublin and Madrid's ruling parties' re-election prospects back on track. They both toed the line with Germany in demanding that Greece stick to its bailout commitments- a...

  • NEW YORK, March 2- Shares of Lumber Liquidators Holdings Inc dropped more than 20 percent on Monday after a news report said its products failed to meet safety standards, allegations the hardwood flooring retailer denied. While Lumber Liquidators has been under pressure since 2013, new concerns about its business emerged after the CBS news program "60 Minutes"...

  • *Markit manufacturing hits 4- month high, ISM hits 13- month low. NEW YORK, March 2- U.S. stocks advanced on Monday to push the Nasdaq above the 5,000 mark for the first time in fifteen years, as a round of mixed data pointed to a slowly accelerating economy. "Five thousand on the Nasdaq, it's been a long time coming," said Peter Kenny, chief market strategist at Clearpool...

  • March 2- A U.S. appeals court ruled on Monday that an elderly Manhattan woman's rent-stabilized lease could not be seized and sold to satisfy her creditors after she filed for bankruptcy, a decision that could affect more than 2 million New Yorkers. The 2nd U.S. Circuit Court of Appeals said Mary Santiago-Monteverde's lease, which she has had for more than four...

  • *China rate cut lifts Asia equities, gold. Wall Street kicked off March on a high note after a stellar February, when the benchmark S&P 500 Index registered its best monthly gain since October 2011. Asian stocks ended higher after China cut interest rates over the weekend, but European equities slipped from seven-year highs hit on merger activity in the telecom...

  • March 2- The Philadelphia Federal Reserve on Monday named Patrick Harker, one of its directors and the head of the University of Delaware, as its president and newest U.S. monetary policymaker. Harker, a lifelong resident of Pennsylvania and neighboring Delaware, has been president since 2007 of the university, where he teaches business administration and...

  • NEW YORK, March 2- Warren Buffett, Berkshire Hathaway's billionaire chief executive officer, told CNBC on Monday that the company had sold its entire stake in Exxon Mobil Corp because it could use the money in both an acquisition and stock purchases. He said Exxon Mobil remains a "wonderful company" even though "its current earning power has been diminished...

  • *Iran Foreign Minister: nuclear deal possible this week. *'Long way to go' to reach Iran nuclear deal- Kerry. LONDON, March 2- Brent crude oil fell more than 2 percent to around $61 a barrel on Monday after Iran said a deal on its nuclear program could be agreed this week if the West lifts sanctions, which could boost the country's oil exports.

  • NEW YORK, March 2- Citigroup Inc expects its revenue from fixed-income and equity markets to decline in the first quarter from a year earlier, largely because of a slow start in spread products and a hit during the January revaluation of the Swiss currency, Chief Financial Officer John Gerspach said on Monday. Citigroup still expects to meet 2015 targets it set...

  • LONDON, March 2- Sterling fell on Monday, retreating from a seven-year high against the euro and an eight-week peak against the dollar as the prospect of an unsettling British parliamentary election in May clouded the outlook. Last week, sterling hit a more than six-year high against a trade-weighted basket of currencies on expectations the Bank of England...

  • NEW YORK, March 2- Morgan Stanley said on Monday that the New York Attorney General's office indicated it would file a lawsuit accusing the Wall Street bank of misrepresenting or omitting material information in about 30 subprime securitizations. The accusations pertain to Morgan Stanley's due diligence, underwriting and valuation of loans in the...

  • NEW YORK, Feb 23- The Nasdaq Composite index hit the 5,000 mark on Monday for the first time since March 27, 2000 and edged closer to its 5,132.52 all-time peak it reached that same month in the frenzy of the dot-come bubble.

  • MEXICO CITY, March 2 Mexico's manufacturing sector sentiment fell in February to a three-month low as input prices rose at their fastest pace in nearly three years on a weak peso in Latin America's no. 2 economy. "Improving U.S. economic conditions and the weaker peso exchange rate should bolster the manufacturing sector in the coming months," Markit economist...

  • LONDON, March 2- European shares retreated from multi-year highs on Monday, with Greek banks slipping on lingering concerns about the country's debt and Tullow Oil falling on worries about project delays and its likely ejection from a major share index. The Greek banking index fell 9.4 percent, while lenders National Bank of Greece, Piraeus Bank and Alpha Bank...

  • The chief executives of Vodafone and Deutsche Telekom said on Monday at the Mobile World Congress in Barcelona that network operators needed to give special treatment to data for new services like connected cars and smart electricity meters to ensure that they functioned properly. "We favour net neutrality, but we need to be allowed to have quality classes to...