Stung by the loss of the IPO of Chinese e-commerce firm Alibaba, the Hong Kong stock exchange took a step towards loosening its listing rules.» Read More
March 4- Morgan Stanley's wealth management unit said it hired six financial advisers from UBS and Wells Fargo. Daniel Tedesco and Dennis Madden joined on Feb. 14 from UBS where they managed $161 million in client assets. James Wong, Matthew Barker, Justin Harris and Desiderio Rodriquez joined on Feb. 28 from Wells Fargo where they managed $264 million in assets.
KIEV/ LONDON, March 4- Steel and grain exports continue to flow from key global supplier Ukraine via Black Sea terminals with ports operating normal schedules, despite concerns raised by the tense political backdrop, officials and traders said on Tuesday.
*Alfa Romeo production to stay in Italy- CEO. GENEVA, March 4- A convertible bond remains among Fiat Chrysler Automobile's options to boost capital and help fund a shift upmarket aimed at turning round its fortunes in Europe, its chief executive said on Tuesday.
HAVANA, March 4- For the third consecutive year Cuba's reorganized sugar industry is failing to perform up to expectations, increasing pressure on the government to open up the once proud sector to foreign investment. But the harvest is 20 percent behind schedule, sugar reporter Juan Varela Perez wrote recently in Granma, the Communist Party daily.
*Cites weakness in Russia, Argentina, Turkey, Algeria. GENEVA, March 4- French carmaker Renault has trimmed its growth forecast for the global market this year as the industry becomes increasingly worried about volatile emerging markets just when demand in Europe is starting to pick up.
NEW YORK, March 4- An American lawyer used "corrupt means" to secure a multi-billion-dollar pollution judgment against Chevron Corp in Ecuador, a U.S. judge ruled on Tuesday, handing the oil company a major victory following a six-week trial last year.
*FTSEurofirst 300 up 1.7 pct, Euro STOXX 50 up 2.3 pct. PARIS, March 4- European stocks rose on Tuesday, reversing a big portion of the previous session's sharp sell-off after Russian President Vladimir Putin said he would only use force in neighbouring Ukraine as a last resort.
March 4- Apple Inc said Chief Financial Officer Peter Oppenheimer will retire at the end of September, handing over to Corporate Controller Luca Maestri in what Chief Executive Tim Cook described as an orderly succession put in place by his CFO.
Mar 4- Federal safety investigators said on Tuesday they have closed an investigation that could have let to a recall of about 1.6 million Ford Motor Co sedans and crossover vehicles.
*A respite in the Ukraine crisis pressures prices. Putin on Tuesday also ordered troops involved in a military exercise in western Russia, close to the border with Ukraine, back to their bases, apparently seeking to ease East-West tension over fears of war in the former Soviet republic.
NEW YORK/ LONDON, March 4- The yen fell against the dollar and the euro while the ruble rebounded on Tuesday after signs that Russia may be seeking to avoid further escalation of its military involvement in Ukraine pared bids for safe-haven currencies.
NEW YORK, March 4- An American lawyer used "corrupt means" to secure a multibillion-dollar pollution judgment against Chevron Corp in Ecuador, a U.S. judge ruled on Tuesday, handing the oil company a major victory following a six-week trial last year.
March 4- Asset manager Legg Mason Inc said it will buy privately held QS Investors, an adviser to institutional clients, to expand its portfolio of investment products. New York- based QS Investors has $4.1 billion assets under management and about $100 billion in assets under advisory, Legg Mason said in a statement on Tuesday.
*EU ministers debated Ukraine energy situation on Tuesday. BRUSSELS, March 4- European Union policymakers are concerned about the risk of gas shortages in Ukraine, but there is no immediate threat to supplies in Europe where stocks are high after a mild winter, Energy Commissioner Guenther Oettinger said on Tuesday.
GENEVA, March 4- General Motors' Opel wants to overtake Peugeot to become the second-largest carmaker in Europe by 2022, the European business's chief executive said on Tuesday.
LONDON, March 4- Drilling for oil and gas deposits outside North America has hit the highest level in three decades, led by big exploration and production programmes in the Middle East and Africa. The boom is being led by the Middle East, where the number of rigs operating has tripled since 1999, and Africa, where the rig count is up almost four times.
*Investors wary of economic effect of Ukraine crisis. MOSCOW, March 4- Russian assets rebounded on Tuesday as President Vladimir Putin said he would only use force in neighbouring Ukraine as a last resort.
NEW YORK, March 4- Bill Gross, manager of the world's largest bond fund at Pimco, said Tuesday that risk assets should outperform cash this year and post higher returns if central banks can convince investors that easy money policies are stimulating growth.
March 4- Oxygen Biotherapeutics Inc said the U.S. Food and Drug Administration had lifted an order imposed in 2008 suspending trials of its experimental brain injury drug, sending the company's shares up by more than a third in early trading.
*CEO says demand for i8 hybrid is high. GENEVA, March 4- BMW Chief Executive Norbert Reithofer said the German company is considering building a new factory to meet growing demand for its premium cars. "If you keep growing, you have to, at some point, say we need a new factory," Reithofer said at the Geneva auto show on Tuesday.