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  • MUMBAI, March 23- Shares in India's Jindal Steel and Power Ltd were heading towards their biggest daily loss in almost two years on Monday, hit by concerns over the company's ability to feed its power plants after the rejection of its bids for three coal mines auctioned by the government. Stocks of the company, controlled by former lawmaker Naveen Jindal, fell as...

  • That's much longer than the warnings on traditional cigarette packs in the United States. Nicotine can increase your heart rate and blood pressure and cause dizziness, nausea and stomach pain, "says MarkTen, a leading brand in the United States. There is no required health warning on electronic cigarettes in the United States, so "we had to do what we thought was...

  • BEIJING, March 23- China imported nearly 124,000 tonnes of sugar in February, down around 24 percent from a year ago and about half the volume expected by industry, with analysts saying shipments were likely delayed as the Lunar New Year holiday fell in the middle of the month. Some shipments may also have been refused entry for "policy reasons," said one analyst,...

  • March 23- Ocwen Financial Corp has rebutted allegations that the company was responsible for poor mortgage-servicing practices and argued it should not be removed as a servicer on mortgage pools, the Wall Street Journal reported. Investors including BlackRock Inc and Metlife Inc sent a notice to Ocwen and trustees in January, alleging improper loan...

  • SEOUL, March 23- Hotel Shilla Co Ltd is buying a 44 percent stake in in-flight duty-free retailer DFASS for $105 million via its U.S.-based affiliate, the South Korean hotel and duty-free operator said on Monday. Hotel Shilla, a unit of Samsung Group, said in a statement it retains a call option to buy an additional 36 percent of DFASS in five years.

  • TOKYO, March 23- Japan's Nikkei share average rose to a fresh 15- year high on Monday, tracking gains in U.S. shares, while Eisai Co jumped 21 percent after a brokerage upgraded the stock, citing the effectiveness of its drug to treat Alzheimer's disease. The Nikkei ended 1.0 percent higher at 19,754.36 points, its highest closing level since April 2000.

  • *Saudi wants non- OPEC cooperation on any output cuts. Yet Riyadh has so far opted to keep its output stable to protect market share against non- OPEC producers such as the United States- where production has soared as a result of the shale exploration boom- and Russia. "We tried, we held meetings and we did not succeed because countries were insisting that OPEC carry...

  • SHANGHAI, March 23- China's largest food and beverage maker Tingyi Holding Corp said net profit fell 2 percent in 2014, while a slowing economy and fierce competition dragged sales down for the first time in almost two decades. Hong Kong- listed Tingyi, owner of the Master Kong brand and a partner with PepsiCo Inc and Starbucks Corp in China, said on Monday profit...

  • JGBs edge up, tracking other debt markets up Monday, 23 Mar 2015 | 1:25 AM ET

    TOKYO, March 23- Japanese government bond prices edged higher on Monday, tracking gains in other key sovereign debt markets in the previous session. A regular bond buying operation by the Bank of Japan also helped nudge JGB prices higher, although a rise in Tokyo's Nikkei to a fresh 15- year high kept the gains in check. Euro zone bond yields remained near record...

  • --Clyde Russell is a Reuters columnist. LAUNCESTON, Australia, March 23- Is liquefied natural gas the next iron ore or coal, destined for an extended period of weak prices amid a shift from market deficit to structural oversupply? Spot prices have recovered slightly recently, trading at $7.70 per million British thermal units last week, up from the record low of...

  • Energy is the economic lifeblood of Russia, which vies with the United States and Saudi Arabia to be the world's top oil producer, and the sector is the main target of Western sanctions over Moscow's role in the conflict in Ukraine. Russia could respond by squeezing the gas exports on which Europe relies heavily. "If you start playing around with oil prices, Russia...

  • TORONTO, March 23- Canadian National Railway's safety record deteriorated sharply in 2014, reversing years of improvements, as accidents in Canada blamed on poor track conditions hit their highest level in more than five years, a Reuters analysis has found. Canada's Transportation Safety Board said on Tuesday that track failure may have played a role in CN's...

  • HOUSTON, March 23- Would be wildcatters and investors hoping to strike it rich in oil can now turn to crowdsourcing, a way to raise money more synonymous with aspiring filmmakers than roustabouts in West Texas. Now, at least two small Texas firms are testing the concept in the oil and gas industry. Its system, like that of another Texas- based startup, CrudeFunders, is...

  • WASHINGTON/ MIAMI, March 23- The December breakthrough that upended a half-century of U.S.- Cuba enmity has been portrayed as the fruit of 18 months of secret diplomacy. President Barack Obama and veteran Cuba specialists to forge the historic rapprochement. In a May 2008 speech to the conservative Cuban-American National Foundation in Miami, Obama set out a...

  • March 23- Texas Senator Ted Cruz, a conservative firebrand who frequently clashes with leaders of his Republican Party, said early Monday that he is running for president, making him the first major figure from either party to jump into the 2016 U.S. presidential election race. Cruz announced his candidacy for the Republican presidential nomination in a 30-...

  • BEIJING, March 23- China will no longer chase bumper grain harvests and instead make safer foods a priority and boost imports as it bids to tackle its rural environmental problems, government officials said. He said China had recently published its sustainable development plan for agriculture, which will cap water use as well as reduce the use of chemical...

  • SHANGHAI, March 23- China stocks ended the morning session in Monday near a seven-year high, as bullish investors moved more cash into stocks after regulators said the recent rally is "inevitable and rational." Deng Ke, spokesman of the China Securities Regulatory Commission told a press conference late on Friday, after the market had notched eight straight days...

  • *Up from three potential $1 billion- plus drugs in 2014. LONDON, March 23- Bristol-Myers Squibb, Sanofi and Novartis have the three top new drugs set to reach the market in 2015, among 11 products each with $1 billion- plus sales potential, according to a Thomson Reuters analysis. In total, 11 of the many new drugs set for launch in 2015 are expected to generate $1 billion-...

  • *Gold firm after 3- day rally. *Chinese premiums ease to $4- $5. SINGAPORE, March 23- Gold retained gains from a three-day rally on Monday to trade near its highest in two weeks, boosted by a weaker dollar and caution from the Federal Reserve on the timing of a possible hike in U.S. interest rates.

  • China's yuan firms as PBOC sets stronger midpoint Sunday, 22 Mar 2015 | 10:56 PM ET

    HONG KONG, March 23- China's yuan rose against the dollar on Monday after the central bank set the strongest official midpoint in a month to reflect a softer U.S. dollar. The People's Bank of China fixed the midpoint rate at 6.1448 per dollar prior to market open, firmer than the previous fix 6.1496. The dollar started trade in Asia on the defensive, after a volatile...