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  • WASHINGTON, Feb 24- The Group of 20 nations must plan now for a coordinated stimulus program to keep a slowing global economy from stalling, International Monetary Fund staff said in a report on Wednesday. The report was prepared for senior G20 officials who are meeting in Shanghai later this week amid falling equity markets, volatile currencies and signs of...

  • BRASILIA, Feb 24- President Dilma Rousseff's plan to reform Brazil's pension system might not get passed by Congress this year, her cabinet minister in charge of legislative affairs, Ricardo Berzoini, said on Wednesday. Rousseff plans to send Congress a proposal in April to reform Brazil's onerous pension system that is a main factor in a growing fiscal deficit...

  • US TREASURIES ERASE EARLIER PRICE GAINS, 10- YEAR NOTE YIELDS INCREASE TO 1.73 PERCENT.

  • DETROIT/ WASHINGTON, Feb 24- U.S. senators Edward Markey and Richard Blumenthal on Wednesday renewed their call for the National Highway Traffic Safety Administration to accelerate the recall of potentially defective Takata air bags. The lawmakers cited a report on Tuesday by the Senate Commerce Committee alleging Takata Corp "falsified data to cover up...

  • COURT APPOINTED MEDIATOR IN ARGENTINE DEBT DISPUTE SAYS LAWYER FOR CERTAIN HOLDOUT CREDITORS VIOLATED CONFIDENTIALITY AGREEMENT.

  • WASHINGTON, Feb 24- Nevada Governor Brian Sandoval, a Republican and former federal judge, is being considered by President Barack Obama for appointment to the U.S. Supreme Court, a source close to the process said on Wednesday, as Obama sought to overcome Senate Republican resistance to any nominee. The Republican-dominated Senate must confirm any high court...

  • GUELPH, Ontario, Feb 24- While the vulnerabilities associated with elevated household debt have increased in recent years, the Canadian financial system remains resilient and could withstand a major shock, a Bank of Canada official said on Wednesday. The Bank of Canada's two interest rate cuts last year prompted criticism from some that the move encouraged...

  • LISBON, Feb 24- Portugal's Novo Banco said on Wednesday it does not expect a turnaround until 2018, after new provisions for risky assets at the state-rescued lender turned a 2015 positive operating result into a 2015 net loss of 981 million euros. The results are a setback for Lisbon, which is desperately trying to sell the "good bank" successor to Banco Espirito...

  • NEW YORK/ LONDON, Feb 24- Raw sugar futures turned down a shade after rising to a four-week high on Wednesday, having failed to breach resistance after the prior session's historic one-day surge, while a run-up to a one-month peak in the nearby spread also failed to hold. Most-active May settled down 0.02 cent, or 0.1 percent, at 13.88 cents per lb, after rising to the...

  • *4th- qtr comp sales grow 1.9 pct vs est $1.5 pct. Feb 24- Target Corp's quarterly sales at established stores topped analysts' estimates as its initiatives around higher-profit items drove traffic, showing that the company's turnaround efforts under CEO Brian Cornell were gaining traction. Some of his efforts include promoting and investing in a narrower set...

  • *Net assets increased to C $248 billion by end of year. MONTREAL, Feb 24- Canada's second-largest pension fund, Caisse de depot et placement du Quebec, said it was open to further investment in Bombardier Inc after reporting strong returns in 2015.. Quebec's public pension fund manager agreed to buy a 30 percent stake in Bombardier's rail business for $1.5 billion...

  • NEW YORK, Feb 24- A New York judge on Wednesday shot down a challenge by a restaurant trade group and upheld a city rule requiring many chain eateries to post warnings on menu items that are high in sodium. "Information is power," Justice Eileen Rakower of New York state Supreme Court in Manhattan said in a ruling from the bench. The National Restaurant Association, a...

  • WASHINGTON, Feb 24- President Barack Obama vowed on Wednesday to move ahead with a U.S. Supreme Court nominee and said Republicans would risk public ire if they blocked a qualified candidate for political motives, as well as diminishing the credibility of the high court. Sources close to the nomination process told Reuters that Nevada Republican Governor...

  • DETROIT, Feb 24- U.S. senators Edward Markey and Richard Blumenthal on Wednesday renewed their call for the National Highway Traffic Safety Administration to accelerate the recall of potentially defective Takata air bags. The lawmakers cited a report on Tuesday by the Senate Commerce Committee alleging Takata Corp "falsified data to cover up problems" with...

  • LONDON, Feb 24- Standard Chartered's landmark attempt to claw back bonuses paid to staff deemed responsible for its current woes could be fraught with practical and legal difficulties, lawyers and investors said. Chief Executive Bill Winters said on Tuesday the bank could recover the bonuses of up to 150 senior staff, if they are found culpable of breaching...

  • WASHINGTON, Feb 24- The U.S. Justice Department convened a meeting with social media companies and other groups on Wednesday to discuss ways to counter the use of cyberspace by militant extremist groups like Islamic State. Wednesday's summit comes amid prolonged tensions between Silicon Valley and the Obama administration. The meeting is the second in as...

  • NEW YORK, Feb 24- Major creditors suing Argentina over defaulted bonds have agreed to the economic terms of an agreement to resolve the long-running litigation but need more time to complete the $5 billion deal, a lawyer for the investors said Wednesday. The disclosure came during a hearing before a federal appeals court in New York, where the panel said it will...

  • LONDON, Feb 24- Bank of England Deputy Governor Jon Cunliffe said on Wednesday that he still believed Britain's economy was in a slow recovery following the financial crisis but that the central bank was ready to provide more stimulus if needed. "My central projection remains that the UK economy will continue to grow solidly and that inflation will return to...

  • *Venezuela says OPEC, non- OPEC nations plan March meeting. NEW YORK, Feb 24- Oil prices rose 3 percent on Wednesday as strong U.S. gasoline demand offset worries over record high crude stockpiles, while some traders bet the market will return lower on OPEC's stubbornness in not cutting output. Brent crude futures, the global benchmark, were up $1.20 at $34.47 a barrel...

  • *Share issue size slashed to 650 mln euros from 1 bln euros. *Delta Lloyd says Central Bank backs new plan. Highfields Capital's refusal to back the cash call is the latest setback for Delta Lloyd, which has lost 70 percent of its value over the past year as it struggles to adapt to Europe's new Solvency II capital requirements.