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  • HONG KONG/ SYDNEY, March 27- U.S. energy firm Chevron is seeking to sell its entire stake in Caltex Australia Ltd for about A $4.6 billion, exiting Australia's biggest refiner after nearly 40 years as falling oil prices and high costs hurt margins. A successful sale of Chevron's 50 percent stake, which the company is offering at a discount to market prices, would make...

  • *Market optimistic Portugal will regain investment status. *Fitch to review Portugal credit rating after Europe close. "We could see Portugal moved up to investment grade later today and that could produce a bit of forced buying from index trackers or some accounts may have to up their Portugal exposure.

  • MADRID, March 27- Andorra will create a' bad bank' to group the assets of Banca Privada d' Andorra linked to illicit activity, it said late on Thursday, as the principality battles to rebuild the reputation of its banking system. Andorra, a small mountainous state whose economy relies heavily on financial services, took control of BPA this month after the U.S....

  • *Novo to submit interim trial data for Tresiba with FDA. The drug was rebuffed by the FDA two years ago. Citigroup's Peter Verdult said he believed the odds of U.S. approval were greater than 90 percent, given a small group of Novo staff sitting behind a communications "firewall" had already discussed the data with FDA.

  • LJUBLJANA, March 27- Slovenia has sold its second largest bank Nova KBM to investment fund Apollo for about 200 million euros, daily newspaper Delo said on Friday, citing unofficial sources close to the bank. The bank received a state capital injection of 870 million euros in 2013 as a part of a broader rescue package to prevent Slovenia's banks from collapsing...

  • March 27- Hong Kong stocks ended flat on Friday, with banking heavyweights down but property stocks firmer after news of government measures to support the real estate sector. Bank of Communications Co Ltd said on Thursday its bad loan ratio rose to 1.25 percent, the highest level since 2010.. Among the most actively traded stocks on Hong Kong's main board were...

  • PARIS, March 27- European stocks rose in early trade on Friday, halting a sharp two-day retreat as a renewed fall in the euro currency helped boost the shares of exporting companies. The euro fell back on Friday, trading at $1.0811, well below Thursday's intraday high of $1.10525. Shares in Denmark's Novo Nordisk featured among the top gainers, up 13 percent after...

  • MOSCOW, March 27- Russia's Finance Minister Anton Siluanov said on Friday that it was unlikely that oil prices would rise to $70 per barrel in the coming years.

  • LONDON, March 27- The Bank of England is warning about potential irregularities in financial markets on a regular basis as it tries to address the problems that dragged it into recent market scandals, a senior BoE official said. Chris Salmon, executive director of markets at the BoE, also told Reuters that more rigid rules of engagement for the central bank's...

  • UPDATE 1-Russian rouble loses ground in early trade Friday, 27 Mar 2015 | 3:57 AM ET

    MOSCOW, March 27- The rouble slipped in early trade on Friday, falling back after strong gains earlier in the week as traders repositioned before the weekend, though it could benefit later in the session from currency sales for tax payments. At 0747 GMT, the rouble was around 1 percent weaker against the dollar at 57.88 and lost 0.6 percent to trade at 62.70 versus...

  • MOSCOW, March 27- PCMA Rus, a Russian venture owned by France's PSA Peugeot Citroen and Mitsubishi Motors Corporation, will temporarily suspend production of Peugeot, Citroen and Mitsubishi models, it said on Friday. Production of the Citroen C4 Sedan and Peugeot 408 will be halted from April 27 to July 10. Peugeot holds a 70- percent stake in the venture and...

  • WASHINGTON, March 27- The U.S. Senate early on Friday passed a Republican-authored budget plan that seeks $5.1 trillion in domestic spending cuts over 10 years while boosting military funding, putting Congress on a path to complete its first full budget in six years.

  • SHANGHAI, March 27- Officials from Haikou city, the capital of China's southern island province of Hainan, have formally requested provincial aid in repaying municipal debts, media reported on Thursday. Haikou city is having trouble servicing its debt and has asked that the provincial government use one-third of the quota allocated to Hainan under a recently...

  • PARIS, March 27- French energy group EDF is considering whether to take a stake in assets belonging to struggling nuclear power group Areva, business daily Les Echos reported on Friday, citing an unidentified source close to EDF. Le Figaro newspaper separately reported the French government expected the companies to file their proposals for Areva next week.

  • March 26- The former chief executive and founder of hipster clothing brand American Apparel Inc, Dov Charney, is claiming $40 million in damages for a breach of employment contract, his attorney said. American Apparel could not be reached for comment outside regular business hours. The U.S. Securities and Exchange Commission has ordered an investigation into...

  • TOKYO, March 27- Japanese government bonds skidded sharply on Friday, as investors sold both cash bonds and futures before the end of Japan's fiscal year. The benchmark 10- year yield added 5 basis points to 0.375 percent, after soaring as high as 0.405 percent, its highest since March 18. "It's a strange market today," said Tadashi Matsukawa, head of Japan...

  • The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.6 percent, to 3,971.70, while the Shanghai Composite Index gained 0.3 percent, to 3,691.10. Among the most active stocks in Shanghai were China Shipbuilding, down 2.0 percent to 10.23 yuan; China State Construction, up 3.0 percent to 7.22 yuan and Agricultural Bank Of China, down 0.3...

  • BERLIN, March 27- The pilot who appears to have deliberately crashed a plane carrying 149 others into the French Alps received psychiatric treatment for a "serious depressive episode" six years ago, German tabloid Bild reported on Friday. Prosecutors in France, after listening to the cockpit voice recorders, offered no motive for why Andreas Lubitz, 27, would...

  • Rival bidders reach deal over Kenya's Rea Vipingo Friday, 27 Mar 2015 | 3:08 AM ET

    NAIROBI, March 27- Kenya's Centum Investment has reached a deal with the majority owners of sisal grower Rea Vipingo after a protracted takeover battle between the two sides for the agricultural company. James Mworia, the chief executive of Centum, told Reuters on Friday his company would buy Rea Vipingo's land at the coast for 2 billion shillings while REA...

  • Russian rouble weaker at market opening Friday, 27 Mar 2015 | 3:07 AM ET

    MOSCOW, March 27- Russia's rouble weakened at market opening on Friday, falling back after strong gains earlier in the week. At 0705 GMT, the rouble was around 0.5 percent weaker against the dollar at 57.57 and also lost 0.5 percent to trade at 62.64 versus the euro. For rouble poll data see.