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  • MOSCOW, March 5- The Russian rouble strengthened on Thursday morning, as the oil price held above $60 per barrel and investors awaited details of a European Central Bank bond-buying programme. The European Central Bank holds a policy meeting later in the day where details of its bond-buying programme, which could affect flows of funds into emerging markets,...

  • ISTANBUL, March 5- Citigroup has sold its nearly 10 percent stake in Turkey's Akbank for $1.2 billion, the U.S. lender said on Thursday, its latest disposal of overseas assets to cut costs and boost profits. New York- based Citi has been paring back in international markets in recent years, pulling out of retail banking in Turkey as well as long-established...

  • MINSK, March 5- Belarus plans to issue at least $750 million worth of domestic bonds denominated in foreign currency this year, Finance Minister Vladimir Amarin said on Thursday.

  • BERLIN, March 5- German industrial orders fell far more than forecast in January, posting their largest drop since August, data showed on Thursday, casting a shadow over what had previously looked like a strong start to 2015 for Europe's largest economy. Bookings for goods made in Germany declined by 3.9 percent on the month after rising sharply in December, data...

  • MINSK, March 5- Belarus wants to ask the International Monetary Fund for a new financing programme, Deputy Finance Minister Maxim Yermolovich said on Thursday. The former Soviet republic's economy has been battered by a plunge in the Russian rouble and the conflict in Ukraine. Belarus received a $3.5 billion standby loan from the IMF in 2009-2010 in the...

  • MINSK, March 5- Belarus wants to ask the International Monetary Fund for a new financing programme, the country's Finance Ministry said on Thursday. An IMF mission is due to arrive in Minsk on Thursday. The ministry also said that it is "technically ready" to issue new Eurobonds.

  • MOSCOW, March 5- The Russian rouble opened little changed against the U.S. dollar on Thursday, with investors awaiting further moves on energy markets and details of a European Central Bank bond-buying programme. Brent oil prices remained above $60 per barrel, a positive signal for the rouble. The European Central Bank holds a policy meeting later in the day...

  • TOKYO/ SYDNEY, March 5- The euro slid to its weakest level in more than 11 years against the dollar on Thursday, as investors waited for the European Central Bank to announce more details of its massive bond-buying program. The common currency fell to as low as $1.1026 as of 0653 GMT, its lowest level since September 2003. It last traded at $1.1039, down 0.4 percent on...

  • China stocks end lower on economic worries Thursday, 5 Mar 2015 | 2:11 AM ET

    The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 1.0 percent, to 3,496.34 points, while the Shanghai Composite Index lost 0.9 percent, to 3,248.48. Among the most active stocks in Shanghai were Bank of China, down 2.8 percent to 3.80 yuan; Agricultural Bank of China, down 2.5 percent to 3.14; yuan and China State Construction, down 1.8...

  • BERLIN, March 5- Europe's largest dedicated online fashion retailer Zalando said on Thursday it plans to hire new employees on a large scale as it expands its fashion platform to support a target of 20-25 percent growth in 2015.. Zalando, which listed in Frankfurt last year, rushed out preliminary 2014 results last month after they beat analyst expectations,...

  • JAKARTA, March 5- Investment bankers and company executives are worried President Joko Widodo's drive for clean governance is falling apart amid a dispute between rival law enforcement agencies in Southeast Asia's largest economy. Indonesia's main anti-corruption agency, Corruption Eradication Commission, has been severely weakened over the last few...

  • NEW YORK, March 5- Citigroup Inc had at least one advantage in its successful bid for the exclusive right to issue credit cards for Costco Wholesale Corp, rivals and tax specialists say: it lost so much money during the financial crisis that it has billions of dollars of tax credits. Citigroup and Costco have not disclosed terms of the deal, and outsiders can only...

  • German industrial orders plunge by 3.9 pct in Jan Thursday, 5 Mar 2015 | 2:00 AM ET

    BERLIN, March 5- German industrial orders fell far more than forecast in January, posting their largest drop since August, data showed on Thursday, casting a shadow over what had previously looked like a strong start to 2015 for Europe's largest economy. Bookings for goods made in Germany declined by 3.9 percent on the month, data from the Economy Ministry showed,...

  • *AbbVie to pay $261.25 per share in cash and stock. The deal gives AbbVie access to Pharmacyclics' cancer drugs portfolio, lessening the Chicago- based company's dependence on its rheumatoid arthritis drug Humira that accounts for most of its sales. "Imbruvica is not only complementary to AbbVie's oncology pipeline, it has demonstrated strong clinical...

  • Nikkei rises on economic optimism, BOJ buying Thursday, 5 Mar 2015 | 1:34 AM ET

    TOKYO, March 5- Japanese share prices ticked up on Thursday despite softness in Wall Street shares the previous day helped by optimism on the Japanese economy and bolstered by the Bank of Japan's buying earlier this week. The Nikkei rose 0.3 percent to 18,751.84 while the broader Topix rose 0.4 percent to 1,523.72. But trading volume was the lowest so far this...

  • NEW YORK, March 5- When U.S. auto lender Ally Financial Inc failed a key regulatory test two years ago, its executives were surprised to learn that the main reason was that the Federal Reserve treated loans to car dealers just like riskier credit to energy producers or manufacturers. "We felt like in some areas very broad approaches were being taken when maybe it...

  • *China targets "zero-growth" for coal in key areas- Premier Li. *China to reduce its energy intensity by 3.1 pct in 2015. BEIJING, March 5- China will boost efforts this year to rid itself of a strong addiction to coal in a bid to reduce damaging pollution as well as cut the energy intensity of its economy, which is expected to grow at its lowest rate in 25 years.

  • BEIJING, March 5- China's Huawei Technologies Co Ltd and Intel Corp are expanding an existing alliance to provide cloud computing to global telecoms carriers, as U.S. tech firms vie for Chinese tie-ups to retain access to a tough mainland market. The partnership, announced by Huawei in a statement, comes as U.S and other Western tech firms' scramble to burnish...

  • SINGAPORE, March 5- Brent crude was flat on Thursday, managing to hold above $60 a barrel as investors brushed aside bearish U.S. inventories data to focus on the lack of a deal in talks over Iran's nuclear program. Tehran's ambassador to the International Atomic Energy Agency said on Wednesday no deal had been reached on the duration of any possible final...

  • Banks brace for U.S. Fed capital buffers inspection Thursday, 5 Mar 2015 | 12:00 AM ET

    WASHINGTON, March 5- The largest U.S. banks and their foreign rivals are facing a tough two-step check-up of their financial health by the Federal Reserve, forcing the firms to get a far better grip on how they measure risk. Next week's review takes a look under the hood of the banks- which Wall Street critics say are "too large to manage"- by scrutinizing whether...