NEW YORK, March 5- Commerzbank AG is nearing an agreement to pay U.S. authorities more than $1.4 billion to settle alleged violations of U.S. sanctions and a separate probe that stemmed from transactions linked to an Olympus Corp accounting scandal, according to two people close to the case. Margarita Thiel, a spokeswoman for Commerzbank, Germany's...» Read More
MOSCOW, Sept 16- Russia's economy will stagnate at zero growth or fall into negative territory this year and gross domestic product is likely to be negative next year, Alexei Kudrin, a former finance minister, told a foreign business conference on Tuesday.
TOKYO, Sept 16- Japanese stocks broke a five-day winning streak on Tuesday as most investors stayed on the sidelines ahead of this week's outcome of the Federal Reserve meeting, though SoftBank jumped on news of strong demand for Alibaba's initial public offering in the United States. The Nikkei share average dropped 0.2 percent to 15,911.53.
RUSSIAN EX-FINANCE MINISTER KUDRIN SAYS RUSSIA'S ECONOMY TO STAGNATE AT ZERO GROWTH OR FALL INTO NEGATIVE TERRITORY, GDP IN 2015 LIKELY TO BE NEGATIVE.
MOSCOW, Sept 16- The Russian government cannot support state companies because of large state social spending commitments, Alexei Kudrin, a former finance minister, told a foreign business conference on Tuesday. Western sanctions imposed on Russia over its role in Ukraine have closed external financial markets for several big state corporations.
RUSSIAN EX-FINANCE MINISTRY KUDRIN SAYS GOVT CANNOT SUPPORT STATE COMPANIES BECAUSE OF LARGE STATE SOCIAL SPENDING.
MOSCOW, Sept 16- Russia's Finance Ministry has halved its foreign borrowing plans for 2015 to $3.7 billion, RIA news agency said on Tuesday quoting a draft of the budget.
RUSSIAN FINANCE MINISTRY HALVES FOREIGN BORROWING PLANS FOR 2015 TO $3.7 BLN- RIA NEWS AGENCY.
MOSCOW, Sept 16- Western sanctions on Russian companies, officials and banks are counterproductive and do not solve political problems, Deputy Prime Minister Arkady Dvorkovich said on Tuesday. "When it comes to sanctions we consider them meaningless, counterproductive... measures that do not solve political problems," he told a foreign business conference.
DVORKOVICH SAYS SANCTIONS MEANINGLESS, DO NOT SOLVE POLITICAL PROBLEMS AND ARE COUNTERPRODUCTIVE.
DVORKOVICH SAYS GOVT TASK IS TO FIND NEW SOURCES OF FOREIGN INVESTMENT, ESPECIALLY FROM CHINA, ASIAN COUNTRIES.
RUSSIAN DEPUTY PM DVORKOVICH SAYS GOVT TO SUPPORT RUSSIAN ECONOMY, KEEP IT OPEN TO FOREIGN INVESTORS.
Farmers and analysts say the elimination of government incentives to buy new equipment, a related overhang of used tractors, and a reduced commitment to biofuels, all darken the outlook for the sector beyond 2019- the year the U.S. Department of Agriculture says farm incomes will begin to rise again.
CARACAS, Sept 16- Buses across jungle borders, boats through Caribbean waters and private flights from small airfields have become a new norm for departing Venezuela as a multi-billion dollar pay dispute turns the country into something of a' no-fly' zone.
*Eleven companies to list in Shanghai market. *Gold shares up on expected early start to trade plan. SHANGHAI, Sept 16- China shares fell early Tuesday on worries about the economy, but the losses were erased and indexes flat at midday thanks to support from resource companies.
Sept 16- Blackstone Group LP is aiming to raise about $16 billion for its latest buyout fund, the Wall Street Journal reported, citing sources familiar with the matter. The firm has already issued marketing documents for Blackstone Capital Partners VII LP, the newspaper reported.
Sept 16- Allergan Inc said it has reached an agreement with suitors Pershing Square Capital Management and Valeant Pharmaceuticals Inc to hold a special shareholder meeting on the originally scheduled date, Dec. 18.
TOKYO, Sept 16- An earthquake with preliminary magnitude of 5.6 shook buildings in eastern Japan, including the capital Tokyo, on Tuesday but there were no reports of serious damage. The earthquake was centred in Ibaraki Prefecture, just northeast of Tokyo, Japan's Meteorological Agency said.
SHANGHAI, Sept 16- China's yuan softened against the dollar on Tuesday for the fourth straight day after the central bank set a weaker midpoint and in response to weak foreign direct investment figures. The People's Bank of China set the midpoint at 6.1462 per dollar prior to market open, down 0.02 percent from the previous fix.
*Japan's liberal Asahi newspaper admits errors, retracts stories. TOKYO, Sept 16- It was a rare role reversal for Japan's influential Asahi newspaper, which is known for exposing wrongdoing in high places, when its president stood before cameras to bow, apologise and pledge to restore his organisation's credibility.
TORONTO, Sept 16- McDonald's Corp is making its McCafe ground coffee available in Canadian grocery stores this month, the fast-food giant said on Tuesday, part of its broader campaign to win market share in a country long dominated by rivals like Tim Hortons Inc and Starbucks Corp..