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  • NEW YORK/ MANAGUA, March 1- Venezuela, once a proud exporter of premium coffee, has been reduced to swapping crude oil for growing volumes of Nicaraguan coffee beans to make sure worsening economic turmoil does not prevent people from getting their caffeine fix. Falling coffee production and near-record demand has forced it to buy more higher-priced foreign...

  • BARCELONA, March 1- Chinese telecom equipment maker Huawei on Sunday launched its first smartwatch, a round-faced device that works with Android phones, joining a crowded market weeks before the introduction of the highly anticipated Apple Watch. At an event tied to the Mobile World Congress in Barcelona, the firm unveiled its Huawei watch line in classic,...

  • NEW DELHI/ MUMBAI, March 1- India's reform-minded prime minister, Narendra Modi, appears to have passed a major test with a budget that pleased economists and investors with pledges to spend more on modernising India's ageing roads and railways while keeping borrowing in check. "Despite the higher fiscal deficit; the market borrowing number is below market...

  • MOSCOW, March 1- Holding placards declaring "I am not afraid", thousands of Russians marched in Moscow on Sunday in memory of Kremlin critic Boris Nemtsov, whose murder has widened a split in society that some say could threaten Russia's future. Families, the old and young walked slowly, with many carrying portraits of Nemtsov, an opposition politician and former...

  • MOSCOW, March 1- Opposition supporters will march through Moscow on Sunday in memory of Kremlin critic Boris Nemtsov, whose murder has increased concern about Russia's future among opponents of President Vladimir Putin. Putin's opponents say such suggestions show the cynicism of Russia's leaders as they whip up nationalism, hatred and anti-Western...

  • GENEVA, March 1- The main talking point at this week's Geneva car show is likely to be a vehicle that may never be built: the Apple car. Thilo Koslowski, vice president automotive at technology market research firm Gartner, believes there is now a race between carmakers and tech companies to control the "brain" of next generation vehicles. The ability of software...

  • PARIS, March 1- The mass-market convertible car emits its last gasp this week at a Geneva motor show bristling with sport utility vehicles and low-cost models-- more evidence of the pragmatism of European consumers marked by years of austerity. Mainstream brands from Peugeot to Volkswagen are quietly axing cabriolets, as customers with cash to spend...

  • *Performance beat expectations, follows HSBC flash survey showing recovery. SHANGHAI, March 1- Weakness in China's vast manufacturing sector, aggravated by high real borrowing costs and weak demand, appears to have driven the central bank to accelerate the pace of monetary easing to ward off deflation in the world's second-largest economy.

  • WASHINGTON, March 1- Congress narrowly averted a partial shutdown of the U.S. domestic security agency late on Friday night, but the forces behind the chaotic episode remain- fractious Republicans and House Speaker John Boehner's lack of control over them. In five to seven months, the federal debt ceiling will again be reached, and by October Congress must pass...

  • *Numbers came out right after China c.bank cut rates. SHANGHAI, March 1- Hours after China's central bank cut interest rates to battle slowing growth and rising deflationary risk, an official survey showed on Sunday that activity in China's factory sector contracted for a second straight month in February. Accounting for 48 percent of China's $10.2 trillion...

  • Qatar's Mannai working on two foreign acquisitions - CEO Saturday, 28 Feb 2015 | 11:30 PM ET

    *Eyeing major stakes in two $400- $600 mln businesses- CEO. *Boosting share volumes with first Qatar market-making. DUBAI, March 1- Qatari investment firm Mannai Corporation is working on two acquisitions as part of a drive to expand the proportion of its revenue from international sources to 80 percent, its chief executive told Reuters.

  • *Exports to EU, China fall; sales to U.S. rise. SEOUL, March 1- South Korean exports last month suffered their worst fall in two years on weaker sales to Europe and China, lower oil prices and long holidays, but the government said global demand showed some signs of recovery. Exports in February fell 3.4 percent from a year earlier to $41.46 billion, while imports...

  • BEIJING, March 1- Activity in China's factory sector contracted for a second straight month in February on unsteady exports and slowing investment, an official survey showed on Sunday, reinforcing bets that more policy loosening is needed to lift the economy. Accounting for 48 percent of China's $10.2 trillion economy last year, the services sector has...

  • BRIEF- CHINA FEBRUARY OFFICIAL SERVICES PMI RISES TO 53.9. *China February official services PMI rises to 53.9 versus January 53.7. To read the full story click.

  • BEIJING, March 1- Activity in China's factory sector contracted for a second straight month in February, according to an official survey released on Sunday, only hours after the Chinese central bank cut interest rates to try to boost slowing momentum. A housing slump, erratic export performance and a state-led slowdown in investment to help restructure...

  • TABLE-South Korea Feb exports fall 3.4 pct yr/yr Saturday, 28 Feb 2015 | 7:05 PM ET

    SEOUL, March 1- Following are South Korea's preliminary export and import figures for February, released by the Ministry of Trade, Industry and Energy on Sunday:. FEB* JAN Balance 7.7 5.4 Exports 41.5 45.2 -3.4 -0.7 Imports 33.8 39.8 -19.6 -11.0* Revised figures released on Feb. 13. NOTES:- Reuters poll: Exports were seen down 1.8 percent in February over a year earlier...

  • LONDON, March 1- More than one in 10 people picked for the top jobs in British finance pull out during a regulatory vetting process which has got tougher since the financial crisis. This increased scrutiny also follows weaknesses in vetting exposed by problems at the Co-Op Bank, where the former chairman, Paul Flowers, was waved through in 2010 despite disclosing...

  • CARACAS, Feb 28- Venezuelan President Nicolas Maduro said on Saturday his government had captured American citizens involved in "espionage activities," and said U.S. citizens in the future will have to seek visas to come to the OPEC nation. Speaking during a rally, he said his government will prohibit some U.S. officials from entering Venezuela in retaliation for...

  • NEW YORK, Feb 28- In his 50 years at the helm of Berkshire Hathaway Inc, Warren Buffett has transformed a failing textile company into a sprawling conglomerate that has vastly outperformed most of the rest of corporate America. Within 10 to 20 years, Buffett said, Berkshire's girth could require whoever then runs the Omaha, Nebraska- based company to consider steps...

  • Russians to march in memory of murdered critic of Putin Saturday, 28 Feb 2015 | 5:10 PM ET

    MOSCOW, March 1 ( (Reuters)- Opposition supporters will march through Moscow on Sunday in memory of Kremlin critic Boris Nemtsov, whose murder has increased concern about Russia's future among opponents of President Vladimir Putin. Putin's opponents say such suggestions show the cynicism of Russia's leaders as they whip up nationalism, hatred and...