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  • BUENOS AIRES/ NEW YORK, March 18- Argentina will not allow Citigroup Inc. to exit its local custody business, a senior source in the government said on Wednesday, a day after the bank said it planned to do so after a U.S. judge denied it permission to process some sovereign debt payments. The bank has found itself at the center of a bitter court battle between Argentina...

  • SAO PAULO, March 18- Brazilian unions on Wednesday filed another lawsuit against the largest operator of McDonald's restaurants in Latin America, alleging that the firm violates the country's labor laws. The suit against Arcos Dourados Comércio de Alimentos Ltda, the Brazilian division of Buenos Aires- based Arcos Dorados Holdings Inc, came just days after...

  • *Fed statement due at 2 p.m. EDT. NEW YORK, March 18- U.S. medium- and long-dated Treasury yields hit multi-week lows on Wednesday as investors expected the Federal Reserve could note the lack of inflationary pressures in its upcoming policy statement. "The long end is being supported by the view that the Fed might temper their view on inflation," said Sean Murphy, a...

  • *Mooted March meeting of OPEC, non- OPEC shelved- Russia. LONDON, March 18- OPEC efforts to bring non-member countries such as Russia on aboard in cutting output have made little progress, officials say, and even the chance of more Iranian exports hitting prices if sanctions end is unlikely to boost cooperation. Since the oil price collapse, top OPEC exporter Saudi...

  • Representative Nancy Pelosi, the top Democrat in the House of Representatives, said on Wednesday she respected the results of Israel's election and anticipated they would produce a "lively" discussion of the Middle East peace process. "The people of Israel have spoken," she said at a news conference on Wednesday. "I respect the results that they have produced.

  • *German finance minister says Athens running out of time. ATHENS/ BERLIN, March 18- Greek Prime Minister Alexis Tsipras lambasted European partners on Wednesday for criticising a new anti-poverty law hours before it is voted on, saying it was the euro zone rather than Athens that must stop "unilateral actions" and keep its word. Tensions already simmering for...

  • March 18- Herbalife Ltd won the dismissal of a lawsuit that claimed the maker of weight-loss and nutritional products fraudulently portrayed itself as a legitimate company, and that shareholders lost money because it was actually an illegal pyramid scheme. District Judge Dale Fischer in Los Angeles said on Monday that shareholders led by two pension funds...

  • LONDON, March 18- Brent oil prices fell towards $53 a barrel on Wednesday on oversupply concerns as U.S. crude stocks hit a new record high, according to government data. Brent for May delivery was down 36 cents at $53.26 per barrel by 1440 GMT after ending the previous session up 7 cents. "The crude oil inventory rise is too big a factor to ignore at this point, and...

  • NAIROBI, March 18- Kenya should have a new central bank governor in place by the end of May, replacing Njuguna Ndung'u who stepped down this month after eight years in office, a top official involved in the selection said. Margaret Kobia, chair of the Public Service Commission and of the selection committee for the appointment, said the committee would submit a...

  • STOCKHOLM, March 18- Sweden's central bank cut its key repo rate further into negative territory on Wednesday and expanded its bond purchases, saying it was ready to take more measures as a stronger crown threatened to snuff out a pick up in inflation. Sweden's central bank has slashed rates to historic lows to reverse a year-long fall in consumer prices.

  • UPDATE 2-Alibaba shares fall as lock-up period expires Wednesday, 18 Mar 2015 | 10:43 AM ET

    NEW YORK, March 18- Alibaba Group Holding Inc declined on Wednesday, as a six-month period prohibiting insiders from selling their shares expired, an event that many thought could expose the Chinese e-commerce giant's stock to more weakness. "Lock up expiration dates are fraught with selling," said Kim Forrest, senior equity research analyst, Fort Pitt Capital...

  • *Investors looking to turn overweight France- survey. While far from an investors' favourite, the drive to cut regulations has encouraged fund managers to boost their allocations in France, seeking value shares in firms exposed to the euro zone's second biggest economy as it starts to revive. "The response from international investors on the signs that the...

  • NEW YORK, March 18- The dollar slid against most major currencies on Wednesday as investors continued to pare back over-extended greenback positions ahead of a key U.S. "The key risk for the dollar is that either the Fed remains patient, replaces that term with equally cautious language or highlights the potentially negative impact of a strong dollar on the...

  • LONDON, March 18- Britain will raise at least 9 billion pounds selling shares in Lloyds Banking Group in the coming year as it looks to recover 66 billion pounds of taxpayers' money spent bailing out banks in the financial crisis. Britain spent 20.5 billion pounds rescuing Lloyds during the crisis of 2007-9, leaving it with a 41 percent shareholding.

  • March 18-- Last month the board of the International Organization of Securities Commissions met in Seoul to discuss a number of agenda items, including safeguards for central counterparties, or CCPs. IOSCO- as the name suggests- is the international forum and standard setter for market regulators such as the Commodity Futures Trading Commission, upon which I...

  • UPDATE 1-Goldman Sachs BDC shares fall in market debut Wednesday, 18 Mar 2015 | 10:16 AM ET

    March 18- Shares of Goldman Sachs BDC Inc, the first business development company backed by an investment bank to go public in the United States, fell 2.5 percent in their market debut. Credit Suisse Group AG's Credit Suisse Park View BDC is looking to raise $500 million in a non-traded IPO this year, according to a filing. Goldman Sachs BDC's portfolio ranges from...

  • Each violation of the order against Uber and its uberPOP online service was subject to a 250,000 euro fine, a three-judge panel of the Frankfurt regional court ruled. "We regret today's decision by the Frankfurt regional court to prevent Uber from contributing to better and cheaper individual mobility," Uber Germany General Manager Fabien Nestmann said...

  • BRASILIA, March 18- At the start of the year, few would have guessed that a "Chicago Boy" economist would win over Brazil's leftist president, Dilma Rousseff. After two months on the job, the 54- year-old Levy has grown closer to Rousseff and earned a place in her inner circle as she tries to pull Brazil's economy out of a prolonged slump, government sources told Reuters.

  • BRUSSELS, March 18- European Union countries will have to share information on tax deals agreed with major corporations under European Commission plans to limit the ability of big business to avoid tax across the 28- nation bloc. The Tax Transparency Package comes after international criticism of the tax practices of Luxembourg, based on the "LuxLeaks"...

  • WASHINGTON, March 18- Real estate mogul and TV personality Donald Trump took the first steps on Wednesday toward launching a 2016 presidential campaign, a sign the businessman may jump into the Republican race after publicly considering it in years past. Trump said he had formed an exploratory committee to determine whether to run, and that he had hired staff in...