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  • MANILA, March 24- The Asian Development Bank released its 2015 outlook for developing Asia, spanning 45 countries in Asia and the Pacific. The report is available on the ADB's website www.adb.org For a related story, see. Source: ADB's Asian Development Outlook 2015 Update Central Asia: Armenia, Azerbaijan, Georgia, Kazakhstan, Kyrgyz Republic, Tajikistan,...

  • *Aussie awaits China manufacturing PMI data for cues. TOKYO, March 24- The dollar dipped against the euro and yen on Tuesday, succumbing to downward pressure from lower U.S. debt yields as investors remained jittery after last week's surprisingly dovish Federal Reserve policy statement. The Fed mentioning the dollar can be traced back to Yellen, and we are now...

  • MEXICO CITY, March 23- Mexican supermarket Comercial Mexicana said on Monday it had paid off all its debts with a bank loan payment totaling 1.5 billion pesos. The syndicated loan was made by Citigroup's Mexico unit Banamex, J.P. Morgan and four other banks in 2012, the supermarket known locally as Comerci said in a filing. In January, Comerci agreed to sell most of...

  • *U.S. crude futures had fallen 18 cents to $47.27 a barrel by 0010 GMT, after settling up 88 cents, or 1.9 percent, at $47.45 on Monday. *A poll of six analysts, taken ahead of weekly inventory reports from industry group the American Petroleum Institute and the U.S. Department of Energy's Energy Information Administration, showed a crude stock build of 5 million...

  • TOKYO, March 24- An index of Asian shares rose in early trading on Tuesday, while the U.S. dollar wallowed near recent lows as investors bet that the U.S. MSCI's broadest index of Asia-Pacific shares outside Japan was up about 0.3 percent in early trade. Japan's Nikkei stock average was down about 0.1 percent shortly after the open, edging away from the previous...

  • MILAN, March 23- Italian prosecutors have wrapped up an investigation into allegations U.S. tech giant Apple failed to pay corporate taxes to the tune of 879 million euros, two sources said on Monday. The probe claims that by having profits generated in Italy booked by the Irish subsidiary, Apple reduced its taxable income base and saved just under 900 million...

  • DIARY-Emerging Markets Economic Events to April 6 Monday, 23 Mar 2015 | 8:02 PM ET

    MAKATI CITY, Philippines- Asian Development Bank to release Asian Development Outlook Report 2015- 0130 GMT. MANILA- Philippines Investment Forum 2015. Philippines President Benigno S Aquino III, Philippines Finance Secretary Cesar Purisima and Philippines Central Bank Amando M Tetangco Jr are the key speakers. PRAGUE- Czech Republic Finance Minister...

  • BRUSSELS, March 23- Brussels police on Monday arrested a taxi driver who confessed to taking part in several incidents of intimidation against drivers using the Uber ride-sharing app, in the latest controversy over the U.S. tech company in Europe. But with tensions mounting between licensed taxi firms and users of the services of California- based Uber,...

  • SINGAPORE, March 24- Gold retained its gains from a four-day rally on Tuesday and looked likely to rise further as the dollar took a beating on expectations that a hike in U.S. interest rates could be pushed out to September. *Spot gold was firm at $1,189.31 an ounce by 2320 GMT. The metal had climbed to $1,191.50 on Monday, the highest since March 6, as it rose for a fourth...

  • Broadband industry trade group USTelecom filed a lawsuit against the FCC in the U.S. Court of Appeals for the District of Columbia, which has in the past twice rejected the FCC's net neutrality regulations. Texas- based Internet provider Alamo Broadband Inc challenged the FCC's new rules in the U.S. Court of Appeals for the Fifth Circuit in New Orleans, making a...

  • TORONTO, March 23- Canada's export agency signed a deal with China's biggest bank on Monday to promote the use of the yuan as a settlement currency in trade-related transactions, as officials in Toronto launched the first yuan trading hub in the Americas. The trading hub and clearing center launched on Monday in Toronto. Nonetheless, Canada's Finance Minister...

  • NEW YORK, March 23- Several major banks were hit on Monday with lawsuits filed by California- based analog circuits maker Maxim Integrated Products Inc alleging their smartphone banking apps infringe the company's patents. The complaints were filed against M&T Bank Corp and the U.S. affiliates of HSBC Holdings Plc and Banco Santander SA in federal court in...

  • CHICAGO, March 23- The U.S. government is developing a vaccine to protect poultry from new strains of avian flu that have recently killed birds from Arkansas to Washington state. In response to the cases, key overseas buyers have limited imports of U.S. poultry, and the world's biggest poultry producers, including Tyson Foods Inc and Sanderson Farms Inc, have...

  • Lee Stewart, a former senior derivatives trader for Rabobank in London, entered his plea in federal court in Manhattan before U.S. Libor, or the London interbank offered rate, is a key short-term rate that banks charge each other for loans. Stewart admitted that from May 2006 through early 2011, he conspired with others at Rabobank to manipulate the Libor,...

  • The U.S. central bank on Monday released a summary of the staff report in response to recent queries by both Democratic and Republican members of Congress. The queries concerned the Fed's internal follow-up to an article published in the Wall Street Journal and a client note circulated by analyst firms Medley Global Advisors. But members of Congress in recent...

  • U.S. Telecom has filed the lawsuit against the FCC in the U.S. Court of Appeals for the District of Columbia, which has in the past twice rejected the FCC's net neutrality regulations. U.S. Telecom President Walter McCormick said in a statement that the group's members supported enactment of "open Internet principles" into law, but using the new regulatory regime...

  • WASHINGTON, March 23- Bipartisan legislation to streamline the passage of trade deals through the U.S. Congress will probably not be done until next month, the Republican chairman of the Senate Finance Committee said on Monday. Talks on the bill, which would restrict Congress to a yes-or-no vote on trade deals in exchange for setting negotiating objectives,...

  • WASHINGTON, March 23- Early evidence suggests that the tax credit subsidies at the core of President Barack Obama's healthcare reform law likely helped expand U.S. health insurance coverage last year, Congress's non-partisan research arm said on Monday. The subsidies- which can be paid by the federal government to insurers in advance to lower monthly...

  • UPDATE 1-FDA approves Abiomed's blood pump device Monday, 23 Mar 2015 | 6:16 PM ET

    March 23- The U.S. Food and Drug Administration said it approved Abiomed Inc's miniature blood pump system that maintains heart function and circulation during high-risk procedures. Angioplasty and stenting are procedures used to re-open arteries in the heart that are blocked due to coronary artery disease, a condition that is the leading cause of death in...

  • NEW YORK, March 23- IRB Brasil RE plans to grow more aggressively in Latin America and Africa as part of an expansion that may require Brazil's largest reinsurer to seek an initial public offering or tap an outside partner before 2018, Chief Executive Officer Leonardo Paix√£o said on Monday. In Brazil, infrastructure projects from factories to shipbuilding...