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  • RIO DE JANEIRO, March 11- Brazil's office of the comptroller general said on Wednesday it has opened a case against 10 additional construction firms that have contracts with state-run oil firm Petroleo Brasileiro SA. The case runs against Alumni Engenharia, GDK, Promon Engenharia, Andrade Gutierrez, Fidens Engenharia, Sanko Sider, Odebrecht, Odebrecht Ă”leo e...

  • France's nuclear love affair too strong to let Areva fail Wednesday, 11 Mar 2015 | 8:32 AM ET

    *Areva's losses force rethink of French nuclear policy. *EDF seen playing bigger role in Areva's reactor arm. Areva's record 4.83 billion euro 2014 loss underlined the troubles of a group which since its 2001 creation never managed to become a world leader in nuclear newbuild.

  • Germany rejects Greek demands for WW2 reparations Wednesday, 11 Mar 2015 | 8:23 AM ET

    BERLIN, March 11- Germany dismissed on Wednesday Greek demands to pay World War Two reparations after leftist Prime Minister Alexis Tsipras accused Berlin of using legal tricks to avoid paying compensation for the Nazi occupation of his country. "It is our firm belief that questions of reparations and compensation have been legally and politically resolved,"...

  • LONDON, March 11- The battered euro took another plunge towards parity with the dollar on Wednesday, shedding over 1 percent to trade below $1.06 for the first time in 12 years as a 1.1 trillion euro bond-buying program began to bite. The European Central Bank started buying sovereign bonds with newly created money on Monday in an effort to boost growth and...

  • LONDON, March 11- Credit Suisse's next chief executive, Tidjane Thiam, could cut almost 3,000 jobs from its investment bank, or 15 percent of staff, as part of a shift of capital away from trading desks to private banking in Asia, analysts said. Credit Suisse said on Tuesday Thiam, the chief executive of UK insurer Prudential, would take over from current CEO Brady...

  • Fuhu Inc, which makes kid-friendly computer tablets, said it signed deals with Walt Disney Co and Discovery Communications Inc to add their content to monthly subscription offers on its nabi tablets. These would include Disney's popular video content such as "Mickey Mouse Clubhouse", " Girl Meets World", among other kids video content and ebooks for characters...

  • NEW YORK, March 11- Taxes are one of the few constants in life, but what happens when you change the way you do your return? There is always the lure of do-it-yourself- the number of people using tax software to file, like Intuit's TurboTax, increases by 6 percent annually, according to the Internal Revenue Service. If you are on the wrong end of it, you could end up drawing...

  • The strike at Stella International Holdings Ltd's Xing Ang factory in the city of Dongguan started on Sunday with workers concerned about government housing fund contributions and payouts. The strike involved 5,000 to 6,000 people, according to activists and a worker, making it one of China's biggest strikes at a factory since April last year when about...

  • US STOCKS-Futures point to slight rebound after selloff Wednesday, 11 Mar 2015 | 7:53 AM ET

    *S&P 500 coming off biggest one-day drop in two months. NEW YORK, March 11- U.S. stock index futures were slightly higher on Wednesday, implying a modest rebound from a sharp decline in the previous session, though questions remain about when the Federal Reserve would adjust its rate policies. Wall Street fell sharply on Tuesday, with the S&P 500 suffering its...

  • The tables below outline Ukraine's sovereign dollar bonds and the key foreign portfolio investors who hold them, compiled from the Thomson Reuters eMAXX database. Franklin Templeton is the biggest holder of Ukrainian debt across the bond curve, and the country's creditors include bond giants PIMCO and Blackrock. MATURITY AMOUNT Sept 23 2015 $500 million...

  • ISTANBUL, March 11- Nervous Turkish markets are hoping President Tayyip Erdogan can make peace with the central bank governor on Wednesday, but the two seem likely at best to agree to disagree on interest rate policy. Unable to raise rates to defend the Turkish currency, Governor Erdem Basci has resorted to tweaking policy on the margins to try to boost dollar...

  • LONDON, March 11- Ukrainian miner Ferrexpo said higher iron ore pellet premiums and lower production costs helped offset a steep fall in iron ore prices and limit the fall in its annual core profit to just 2 percent. Benchmark iron ore prices fell 28 percent last year due to a supply glut and Ferrexpo said it expects 2015 prices to be "materially below" last year's...

  • European shares rebound as weak euro boosts exporters Wednesday, 11 Mar 2015 | 7:18 AM ET

    *Strong results lift Adecco shares. LONDON/ PARIS, March 11- European shares bounced back on Wednesday from a sharp sell-off in the previous session, as a drop in the value of the euro lifted stocks in the region's exporters. Germany's DAX, whose constituents include major exporters BMW and Volkswagen, touched a new record high, while the broader pan-European...

  • MOSCOW, March 11- Russia's Finance Ministry sold 850 million roubles of OFZ treasury bonds at auction on Wednesday at an average yield of 15.92 percent, Reuters data showed.

  • US STOCKS-Futures point to modest rebound after selloff Wednesday, 11 Mar 2015 | 7:06 AM ET

    *S&P 500 coming off biggest one-day drop in two months. NEW YORK, March 11- U.S. stock index futures were slightly higher on Wednesday, implying a modest rebound from a sharp decline in the previous session, though questions remains about when the Federal Reserve would adjust its rate policies. *Wall Street fell sharply on Tuesday, with the S&P 500 suffering its...

  • *Dispute notice filed under terms of UK- India investment treaty. LONDON/ MUMBAI, March 11- Oil explorer Cairn Energy Plc has filed a formal dispute against a demand for more than $1.6 billion from the Indian tax department, in the latest high-profile tax row to hit Asia's third-largest economy. Cairn joins a slew of multinational firms including Vodafone Group...

  • LONDON, March 11- The Turkish lira rose off record lows on Wednesday, helped by better-than-expected current account data though the dollar's strength continued to exert heavy pressure on currencies across emerging markets. The sell-off that took emerging currencies to multi-year or even record lows has forced many central banks to act, with Singapore...

  • *China local copper premiums climb above ShFE front month. LONDON, March 11- Copper prices firmed on Wednesday as some bearish investors closed out positions amid concerns about mine outputs, but gains were capped by a strong dollar and weak Chinese data. Three-month copper on the London Metal Exchange rose 0.4 percent to $5,787 a tonne by 1008 GMT, after a 1.8-...

  • *Gold heading for eighth session of losses. LONDON, March 11- Gold dropped close to its lowest in more than three months on Wednesday, looking set for an eighth consecutive session of losses as a robust dollar and expectations of higher U.S. interest rates curbed appetite for the metal. Spot gold was down 0.2 percent at $1,158.55 an ounce by 1031 GMT, not far from its...

  • ALMATY, March 11- Kazakh President Nursultan Nazarbayev said on Wednesday he will seek re-election in a snap poll next month, which will almost certainly see him extend his 26 years at the helm of the oil-exporting nation by another five. The authoritarian leader's decision to run in the election on April 26 will for now end speculation over his would-be...