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  • LONDON, March 4- The softly-spoken head of the Risk division at Reed Elsevier does not wish to thank the U.S. online fraudsters who have helped drive his unit's growth, but his investors may not be so bashful. Mark Kelsey's Risk and Business Information division has been one of the stand out performers for Europe's largest media company in recent years, with its...

  • OTTAWA, March 4- The Bank of Canada held interest rates steady on Wednesday, in line with signals it sent out over the past two weeks, and voiced satisfaction with how the market and the economy have reacted to its surprise rate cut in January. "Financial conditions in Canada have eased materially since January, in response to the bank's recent monetary policy...

  • LONDON, March 4- Market bets on a revival of euro zone inflation are close to their highest this year as surprisingly strong economic data and imminent European Central Bank money printing ease fears of a deflationary spiral. This followed strong retail sales and data showing inflation in Germany, Spain and Italy may not turn out as low as previously expected.

  • WASHINGTON, March 4- The U.S. Supreme Court began hearing arguments on Wednesday on a second major legal attack on President Barack Obama's healthcare law, with conservative challengers taking aim at a pivotal part of the statute that authorizes tax subsidies to help people afford insurance. A couple of dozen demonstrators from the conservative Tea Party...

  • Vienna again tops survey of world's nicest cities Wednesday, 4 Mar 2015 | 10:02 AM ET

    VIENNA, March 4- Vienna, Austria's elegant capital on the Danube river, has again been commended as offering the best quality of life of any city in the world; Baghdad, once more, was deemed the worst to live in. Zurich, Munich, Duesseldorf and Frankfurt remained in the top 10.. New Zealand, Australia and Canada each have a city in the top 10..

  • Federal Reserve took a swipe on Tuesday at unlawful and unethical behavior at banks, saying it raises questions over whether the values embedded on Wall Street have improved enough in recent years. While other Fed officials and bank regulators have complained about the ethics and culture on Wall Street, the stern comments from the country's top financial...

  • LONDON, March 4- Britain agreed to sell its 40 percent stake in the Eurostar rail link for 585 million pounds to a consortium of Canadian public pension fund Caisse de Depot du Placement du Quebec and British asset manager Hermes. The government announced the deal for its stake in the high-speed rail link between Britain and continental Europe on Wednesday...

  • U.S. service sector activity ticks up in February Wednesday, 4 Mar 2015 | 10:00 AM ET

    NEW YORK, March 4- A gauge of growth in the U.S. services sector was modestly stronger than expected in February, helped as an index on employment rebounded from recent weakness. The Institute for Supply Management on Wednesday said its services index was 56.9 in February, up slightly from 56.7 in January. The survey's employment index jumped to 56.4 from 51.6,...

  • Starboard says Staples needs to "improve" board Wednesday, 4 Mar 2015 | 9:58 AM ET

    March 4- Activist investor Starboard Value LP asked office supplies retailer Staples Inc to "improve" the composition of its board to complete the acquisition of Office Depot Inc and fully integrate its smaller rival. Starboard, which did not suggest any candidate for the board in a letter to Staples on Wednesday, said the combined company could be worth $32- $37...

  • TORONTO, March 4- The oil-rich Canadian province of Alberta will spend its C $6 billion contingency fund in six months and risk its credit rating unless it moves quickly to shore up its finances, Alberta Premier Jim Prentice said in an interview with the Globe and Mail newspaper. Alberta is the only Canadian province without a sales tax. Dropping oil prices have...

  • UKRAINIAN ENERGY MINISTER SAYS UKRAINE DOESN'T PLAN TO MAKE ANY LARGE PRE-PAYMENTS TO RUSSIA FOR GAS- INTERFAX.

  • European shares firm, but trim gains after PMI data Wednesday, 4 Mar 2015 | 9:46 AM ET

    *Shares in ITV, Standard Chartered advance. LONDON, March 4- European shares firmed on Wednesday but trimmed early gains after the euro zone's Purchasing Managers' Index came in below the preliminary estimate and as investors took some profits from recent multi-year highs. In the past few weeks, the market enjoyed positive surprises on the macro front in Europe,...

  • RIO DE JANEIRO, March 4- Brazilian steelmaker Gerdau SA on Wednesday posted quarterly earnings that beat economists' estimates, sending its shares rallying more than 4 percent on the Sao Paulo stock exchange. Gerdau's sales dropped in line with an economic slowdown in Brazil and other Latin American countries, but a weaker real boosted foreign currency...

  • *MCDONALD'S EXPECTS FULL PHASE-OUT WITHIN TWO YEARS Wednesday, 4 Mar 2015 | 9:30 AM ET
  • TYSON FOODS INC SAYS WILL WORK WITH MCDONALD'S TO ELIMINATE HUMAN ANTIBIOTICS FROM ITS CHICKEN SUPPLY.

  • MCDONALD'S CORP TO ASK U.S.

  • March 4- McDonald's Corp's U.S. restaurants will gradually stop buying chicken raised with antibiotics vital to fighting human infections, the most aggressive step by a major food company to force chicken producers to change practices in the fight against dangerous "superbugs." The world's biggest restaurant chain will announce on Wednesday that within two...

  • LONDON, March 4- Brent crude oil slipped towards $60 a barrel on Wednesday as a stronger dollar pressured commodity prices, while Saudi Arabia's oil minister said he expected the market to balance itself and for prices to recover. Oil Minister Ali al-Naimi said he expected supply and demand would soon match and oil prices, which hit a near six-year low of $45 in...

  • LONDON, March 4- Standard Chartered has no plans to tap shareholders for cash, it said on Wednesday, despite reporting a 25 percent drop in profits last year on the back of soaring bad loans. The Asia- focused bank said it would not take "knee-jerk actions" and vowed instead to cut costs and shrink its loan book in an effort to quell concerns about its capital strength,...

  • BRUSSELS, March 4- Europe will insist on upholding its own standards in free trade talks with the United States, German Chancellor Angela Merkel said on Wednesday, adding she supported the European Commission's efforts to get a deal this year. "While we hurry to set up the main political points and framework for this agreement we must also at the same time insist on...