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  • However, South Africa's rand, Turkey's lira and the Brazilian real all eased against the greenback ahead of the Fed's policy statement, widely anticipated to lay the ground for the first U.S. interest rate hike in nearly a decade later in the year. In Moscow, both dollar and rouble-denominated shares gained ground while in Israel shares rose 0.6 percent after...

  • JAKARTA, March 18- Indonesia's central bank should cut its benchmark interest rate by up to 100 basis points, to 6.5 percent, by the end of this year, to help revive Southeast Asia's largest economy, the country's vice president told Reuters on Wednesday. The central bank has to also factor in the risk posed to Indonesia, along with some other emerging markets, once...

  • COPENHAGEN, March 18- Denmark's central bank will allow commercial banks to hold more money in its current account, it said on Wednesday, aiming to help lenders who are having to pay to park cash in its deposit account due to negative interest rates. The central bank has slashed its deposit rate deeper into negative territory since January as it battled to keep the...

  • JERUSALEM, March 18- As the dust settles on a dramatic election, the immediate questions are how Prime Minister Benjamin Netanyahu managed to stage such a fierce comeback, why the opposition fell short and what it means for Israel, the Palestinians and the world. Four days before the vote, Netanyahu looked all but out for the count, with the last opinion polls giving...

  • LONDON, March 18- Brent prices fell on Wednesday on oversupply concerns as industry data indicated U.S. crude stocks had hit a new record high. U.S. crude inventories rose by 10.5 million barrels to 450 million in the week to March 13, American Petroleum Institute data showed on Tuesday. Brent for May delivery was down 47 cents to $53.04 per barrel by 0956 GMT after...

  • HONG KONG, March 18- Mainland Chinese account for over 80 percent of people awaiting visas that bestow U.S. citizenship in return for investment, showed findings by real estate services firm Savills Studley, who said the trend is pushing up demand for commercial property. A rising number of Chinese are applying for EB-5 visas, where non-citizens put at least...

  • March 18- American Express Co said it will team up with seven U.S. companies, including Macy's Inc, AT&T Inc and Exxon Mobil Corp, to launch a cross-brand loyalty program for the first time in the United States. AmEx issues cards co-branded with individual U.S. companies such as Delta Airlines Inc, Starwood Hotels& Resorts Worldwide Inc and Cathay Pacific Airways...

  • HONG KONG/ BEIJING, March 18- Tencent Holdings Ltd, China's biggest social network and online entertainment firm, posted a 51 percent gain in fourth-quarter net income, missing estimates, as sharing and content costs took a bite out of healthy revenue growth. Online gaming sales accounted for over half of Tencent's total revenues. Tencent has long depended on...

  • *India, euro zone and Japan forecasts significantly higher. In a regular overview of the world economy, it confirmed its forecast of 3.1 percent growth in the U.S. economy this year and 3.0 percent next, with forecasts for India, the euro zone and Japan raised the most. "India is now expected to be the fastest-growing major economy in 2015-16, overtaking China," said...

  • German court to rule on legality of Uber ride service Wednesday, 18 Mar 2015 | 5:49 AM ET

    The case in a Frankfurt court brought by German taxi operator group Taxi Deutschland against Uber is one of more than a dozen lawsuits filed across Europe in recent months by taxi industry associations against the San Francisco- based company. In his opening remarks on Wednesday, presiding judge Joachim Nickel at the Frankfurt district court, said Uber...

  • KUALA LUMPUR/ MELBOURNE March 18- Malaysia's customs agency hopes to reach an agreement soon with the London Metal Exchange, after the LME threatened to stop registering new metal in the country if a new tax was levied in two bonded zones there, a customs official said on Wednesday. Malaysia's Ministry of Finance and Customs will engage with the LME "in the near...

  • MOSCOW, March 18- Net profits for Russia's biggest iron ore producer Metalloinvest fell 94 percent in 2014 as the rouble weakened, prompting a revaluation of the dollar-denominated portion of the company's debts, the company said on Wednesday. Metalloinvest posted net profits of $66 million for 2014, down 94 percent from the previous year, after the rouble...

  • Tag Heuer to cut some prices after Swiss franc rise Wednesday, 18 Mar 2015 | 5:30 AM ET

    BASEL, Switzerland, March 18- Tag Heuer, French luxury group LVMH's biggest watch brand, said on Wednesday it plans to cut prices by between 7 percent and 13 percent in some markets following the recent appreciation of the Swiss franc. Tag Heuer added that it would refrain from raising prices in the euro zone, Japan or Singapore. There will be an average price...

  • *European shares follow Asia higher. *Brent crude dips towards $53 a barrel on supply. If we get that and a measured message on the dollar's impact on inflation then, given the slight retracement we have seen in the first half of this week, I think the dollar will do well, "said Michael Sneyd, a currency strategist with BNP Paribas in London.

  • Inditex helps European stocks rebound after pull-back Wednesday, 18 Mar 2015 | 5:25 AM ET

    Italian cable maker Prysmian rallied 3 percent and French rival Nexans added 1.9 percent, with traders citing speculation about consolidation in the sector. A spokesman for Prysmian said late on Tuesday there were no talks ongoing with its U.S. peer General Cable. The comments came after a Bloomberg report said Prysmian had held preliminary talks with...

  • ATHENS, March 18- Greek Prime Minister Alexis Tsipras will raise the country's deepening cash crunch in talks with EU leaders at this week's summit in Brussels, the government's spokesman said on Wednesday, as Athens faces running out of cash in weeks. Tsipras wants to meet German Chancellor Angela Merkel, French President Francois Hollande, European Central...

  • China's Tencent Q4 net income up 51 pct, misses forecasts Wednesday, 18 Mar 2015 | 5:17 AM ET

    HONG KONG, March 18- Tencent Holdings Ltd, China's biggest social network and online entertainment firm, posted a 51 percent gain in fourth-quarter net income, missing estimates, as sharing and content costs took a bite out of healthy revenue growth. Net income for the quarter ending December rose to 5.95 billion yuan, below estimates of 6.26 billion yuan,...

  • SHANGHAI, March 18- The yuan posted its strongest daily gain in a year as the People's Bank of China set a stronger midpoint on Wednesday and big state-owned banks sold dollars, possibly on behalf of the central bank, traders said. The yuan ended at 6.2294 per dollar, rising 0.33 percent from Tuesday to make its biggest daily rise since March 24. 2014. It was also its...

  • LANGKAWI, Malaysia, March 18- U.S plane manufacturer Boeing, in talks with Malaysia for the sale of 18 F/A-18 fighter jets, is pinning its hopes on an order to give a boost to the struggling product, executives of the planemaker said on Wednesday. While the purchase was earlier expected by Malaysia to be completed this year, the country's recent fiscal troubles due...

  • TOKYO, March 18- Japanese blue-chip firms announced wage hikes that topped increases last year, but overall pay raises across corporate Japan are not expected to offset higher costs of living or be enough to drive a sustainable economic recovery. But import costs have risen on the back of a softer currency and many importers as well as smaller firms will be...