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  • US STOCKS-Wall St pares losses as Ukraine concerns ease Wednesday, 12 Mar 2014 | 12:26 PM ET

    NEW YORK, March 12- U.S. stocks were little changed on Wednesday, as equities recouped much of their earlier declines amid signs of progress in diplomatic attempts to ease tensions surrounding Ukraine.

  • NIGERIAN PRESIDENT GOODLUCK JONATHAN AUTHORISES FORENSIC AUDIT OF NATIONAL ENERGY COMPANY NNPC'S ACCOUNTS- PRESIDENCY.

  • *U.S. central bankers stressing "gradual" approach. SAN FRANCISCO/ NEW YORK, March 12- Janet Yellen has a message to markets: the Federal Reserve will keep interest rates low for a while yet and, when it does begin to tighten monetary policy, it will do so only slowly.

  • WASHINGTON, March 12- The U.S. Senate on Wednesday approved Federal Reserve Governor Sarah Bloom Raskin to be the No. 2 official at the Treasury Department, backing a critic of Wall Street to help coordinate an overhaul of financial regulations. The Senate approved the nomination by voice vote.

  • U.S. Senate confirms Wall Street critic as Treasury No. 2 Wednesday, 12 Mar 2014 | 12:17 PM ET

    WASHINGTON, March 12- The U.S. Senate on Wednesday approved Federal Reserve Governor Sarah Bloom Raskin to be the No. 2 official at the Treasury Department, backing a critic of Wall Street to help coordinate an overhaul of financial regulations. The Senate approved the nomination by voice vote.

  • *Buffett's company and Graham Holdings in $1.1 billion swap. *Berkshire invested in Washington Post Co in 1973. March 12- Warren Buffett's Berkshire Hathaway Inc plans to shed much of its 40- year-old investment in Graham Holdings Co, the former publisher of the Washington Post, and swap most of its shares for a Miami television station and other assets.

  • ECB review forces Italian banks to face up to reality Wednesday, 12 Mar 2014 | 12:04 PM ET

    *Italy no longer cause for alarm among foreign investors. Italy's largest bank by assets UniCredit and troubled lender Monte dei Paschi di Siena this week announced the write-downs- of 13.7 billion and 2.75 billion euros respectively- as they prepare for an industry-wide health check that European lenders are undergoing this year.

  • NEW YORK, March 12- The average bonus on Wall Street jumped 15 percent last year to the highest level since the 2008 financial crisis and was the third largest on record, New York State's budget watchdog said on Wednesday. The increased payouts came as Wall Street posted a fifth consecutive year of profits after record losses during the financial crisis.

  • Copper prices rebound from lows, upside limited Wednesday, 12 Mar 2014 | 11:58 AM ET

    LONDON, March 12- Copper rebounded from earlier losses on Wednesday, as investors scaled back bearish sentiment about the impact of credit problems in top consumer China, but uncertainty about demand continued to weigh on prices.

  • European stocks sag as China, Ukraine concerns mount Wednesday, 12 Mar 2014 | 11:54 AM ET

    *FTSEurofirst 300 dips 0.8 pct, Euro STOXX 50 down 0.5 pct. *Russia- exposed stocks hit again as sanctions talk builds. PARIS, March 12- European shares fell on Wednesday, sending benchmark indexes to one-month lows, as mounting worries over China's economic growth rate and persistent tensions in Ukraine spooked investors.

  • NEW YORK, March 12- Copper declined to near four-year lows and global stock indexes fell for a fourth day on Wednesday as increasing concern about China's economic slowdown sent a wave of unease through financial markets.

  • CRUDE OIL FUTURES FALL MORE THAN $2 AFTER REPORT OF EXPECTED DRAW FROM SPR; LARGE BUILD IN U.S.

  • March 12- British fashion retailer French Connection Group Plc, which is trying to turn around its business after years of weak sales, reported another decline in annual revenue mainly due to the closure of non-contributing stores.

  • *Copper's fall compounds concerns over China slowdown. LONDON, March 12- Brent crude eased towards $108 a barrel on Wednesday as investors weighed prospects for shrinking fuel demand in the world's two biggest oil consumers and on plans for a test oil release from U.S. strategic reserves.

  • UPDATE 2-Russia's Vimpelcom investigated over Uzbekistan Wednesday, 12 Mar 2014 | 11:20 AM ET

    MOSCOW, March 12- Russian mobile phone operator Vimpelcom has become the latest company to come under scrutiny over its operations in Uzbekistan, an authoritarian country where rival MTS had its assets confiscated.

  • *Few governments use stolen document database- Interpol. The international police agency Interpol said only a handful of governments from its 190 member countries actually made use of the database at its headquarters in Lyon, France.

  • District Judge Katherine Forrest in Manhattan came in one of the highest-profile cases brought by the U.S. Securities and Exchange Commission in response to the events leading up to the 2008 financial crisis. The SEC had sought to recoup $1.15 million from Tourre, including a $910,000 fine plus ill-gotten gains and interest.

  • *Chilean peso hits near five-year lows on China concerns. NEW YORK, March 12- Emerging market currencies fell on Wednesday as investor nervousness over China's economy and Ukraine's future intensified, rekindling safe-haven bids for the yen and the Swiss franc.

  • MOSCOW, March 12- President Vladimir Putin's engagement in Ukraine threatens to divert Russia's central bank from its goals of inflation-targeting and freeing up the rouble currency, undermining the credibility it has built up.

  • New Puerto Rico GO debt trades briskly in secondary market Wednesday, 12 Mar 2014 | 10:53 AM ET

    NEW YORK, March 12- Puerto Rico's newly issued general obligation debt traded with an average yield of 8.3 percent on Wednesday, its first full trading day, with over $387.6 million changing hands in brisk morning trade, according to data from Municipal Market Data.