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  • UKRAINE'S FINANCE MINISTER YARESKO SAYS KIEV EXPECTS FIRST TRANCHE OF IMF PROGRAMME THURSDAY, FRIDAY.

  • Securities and Exchange Commission Chair Mary Jo White on Thursday defended the process her agency follows when deciding whether to grant regulatory waivers to companies that break the law, saying it is not a "knee-jerk exercise." Thursday marked the first time White has publicly discussed her views on the waiver process, which came under scrutiny about a year...

  • March 12- Intel Corp slashed its revenue forecast for the first quarter by nearly $1 billion, citing lower-than-expected demand for business PCs and lower inventory levels across the PC supply chain. Intel said it expects first-quarter revenue of $12.8 billion, plus or minus $300 million. Intel said it cut its forecast as small and medium business owners did...

  • March 12- U.S. stocks opened higher on Thursday, rebounding after two days of declines, though shares of Intel Corp weighed on Nasdaq after the company warned that first-quarter revenue would be weaker than expected.

  • NEW DELHI/ MUMBAI, March 12- Chinese smartphone maker Xiaomi Inc said on Thursday it would invest further and begin local production within 12 to 18 months in India, one of the world's fastest-growing markets and currently dominated by Samsung Electronics and local firms like Micromax. "We want to invest deeply in this market, we want to have a significant amount...

  • CARACAS, March 12- U.S. bottle maker Owens-Illinois said on Thursday it had been awarded over $455 million in an arbitration claim against Venezuela for the nationalization of its subsidiary's operations in 2010.. "If Venezuela fails to meet its obligations, OIEG will seek to enforce the award against Venezuela's assets around the world or find alternative...

  • DUBLIN, March 12- Ireland's economic growth rate surged to a post-crisis high of 4.8 percent last year, the fastest rate in the European Union, as data confirmed a stunning recovery from a devastating 2008 property crash. After two years of near stagnation, higher exports and consumer spending lifted 2014 gross domestic product growth to almost four times the...

  • LONDON, March 12- Bank of England Governor Mark Carney pushed back expectations in markets for when the central bank might start raising interest rates on Thursday, saying it would consider the effects of low inflation from outside Britain and the strength of sterling. Carney said on Thursday that the Bank expected to return inflation to target within two...

  • Greece, OECD, sign cooperation deal on reform Thursday, 12 Mar 2015 | 9:21 AM ET

    ATHENS/ PARIS, March 12- Greece and the OECD group of industrialised nations signed on Thursday a cooperation deal aimed at helping the crisis-hit euro zone country carry out reforms, officials said on Thursday. The OECD think tank is not part of the EU/IMF/ECB troika that has saved Greece from bankruptcy but which is widely hated in Greece for imposing...

  • WASHINGTON, March 12- U.S. retail sales unexpectedly fell for a third straight month in February likely as harsh weather kept consumers from automobile showrooms and shopping malls, which could hurt growth prospects for the first quarter. Snowy and cold weather and the now-settled labor dispute at the country's West Coast ports, which disrupted the supply...

  • Snapdeal drums up custom in Slumdog's Dharavi Thursday, 12 Mar 2015 | 9:10 AM ET

    *Snapdeal is India's second-largest online shopping market. The company's aspirations are backed up by serious investment from the likes of Japan's Softbank Corp, which ploughed $627 million into Snapdeal last October, and could soon get a boost from Chinese e-commerce giant Alibaba Group, which is in talks for another cash investment, a source told Reuters...

  • Intel slashes first-quarter revenue forecast Thursday, 12 Mar 2015 | 9:10 AM ET

    March 12- Intel Corp slashed its revenue forecast for the first quarter, citing lower-than-expected demand for business PCs and lower inventory levels across the PC supply chain. Intel said it expects first-quarter revenue of $12.8 billion, plus or minus $300 million. It had earlier forecast $13.7 billion, plus or minus $500 million.

  • UPDATE 3-Lufthansa says must keep cutting costs Thursday, 12 Mar 2015 | 9:09 AM ET

    *Expects fuel bill to fall to 6 bln euros from 6.8 bln. FRANKFURT, March 12- Stiff competition from rivals in Europe and the Middle East and falling ticket prices mean Lufthansa must keep cutting costs if it wants to remain a global airline, the German carrier said. Lufthansa is being squeezed by competition from budget carriers on routes within Europe and rivals...

  • *Amazon seen eventually launching "Fresh" in Germany. COLOGNE, Germany, March 12- Germany's second-biggest supermarket group REWE is investing heavily in grocery ecommerce even though it does not expect to turn a profit soon, as it braces for Amazon to expand its food delivery service. The online customer is our opportunity to become the number one in Germany.

  • LONDON, March 12- The euro pulled out of its recent dive on Thursday, chalking up its biggest rise against the dollar in a month, after a week of breakneck moves in the world's two biggest currencies. The dollar's reversal, cemented by weak U.S. retail sales data, gave some respite to emerging markets as well as to oil and commodities heavily correlated to the U.S....

  • BRASILIA, March 12- Brazil's inflation will rise more than expected this year, but tighter monetary and fiscal policies and a slowdown in activity will ease price pressures in 2016, the central bank said on Thursday, leaving the door open for more interest rate increases. The bank continues to leave the door open for more increases, "said Thais Marzola Zara, chief...

  • CORGEMONT, Switzerland, March 12- Swatch Group, the world's largest watchmaker, on Thursday said it would compete with Apple Inc's upcoming smartwatch by baking inexpensive chips into existing watch lines to allow consumers to make payments with a swipe of their wrist. Chief Executive Nick Hayek told the company's annual results news conference that the...

  • LONDON, March 12- Bank of England Governor Mark Carney is speaking on the outlook for British monetary policy. Below are comments from the speech:. "But despite these headwinds, a solid UK expansion, underpinned by strong domestic demand growth, leaves us on track to return inflation to target within the next two years.

  • LONDON, March 12- Pfizer is seeking new vaccine opportunities across the age spectrum as it broadens its portfolio by delivering shots into the arms of adolescents and the elderly, as well as infants. For many years the vaccines industry has been dominated by five big companies, but that has shrunk to four with GlaxoSmithKline's purchase of Novartis' business.

  • *Wall St coming off extended decline. *Citigroup up in premarket after Fed review. NEW YORK, March 12- U.S. stock index futures pointed to a modestly higher open on Thursday as a surprise drop in retail sales pointed to a consumer that continued to struggle, but also eased some concern about how soon the Federal Reserve may raise interest rates.