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Wires

  • BEIJING, March 12- The risk of a steep slide in China's economy has reduced, the head of a government research center said on Sunday, adding the country had moved through an "L-shaped" pattern of slowing to now "horizontal" growth. Li Wei, the director of the Development Research Center of the State Council, China's cabinet, said many positive economic signs were...

  • NEW YORK, March 12- For some millennial investors, loyalty to one of their favorite apps matters more than financial details in the case of Snap Inc.. "I bought it even when I was pretty positive I would not make a profit in the short run, but just because I am a fan of the product," said Chris Roh, a 25- year-old software engineer in San Francisco, who has only been trading...

  • *Park leaves Blue House for private home in Seoul. Polls tip Moon Jae- in to be next president. She was heading for her home in the Gangnam district of the capital, Seoul, where hundreds of flag-waving supporters waited.

  • LONDON, March 12- Brexit minister David Davis said parliament must not be able to veto Britain's decision to leave the European Union, urging lawmakers to reject proposed changes to legislation that gives Prime Minister Theresa May the power to begin exit talks. Davis urged lawmakers in the elected lower chamber of parliament to overturn changes made last...

  • JOHANNESBURG, March 12- South Africa's ruling African National Congress needs to end corruption and party divisions, and deliver on promises to tackle poverty if it is to halt declining voter support, a new policy document said on Sunday. "The ANC faces declining fortunes," said the strategy paper, released ahead of a party conference on June 30.

  • BEIJING, March 12- China's industrial output grew more than 6 percent in January and February, a vice chairman of the state economic planner said on Sunday, adding that the survey-based unemployment rate in 31 major cities was about 5 percent for the two-month period. National Development and Reform Commission Vice Chairman Ning Jizhe gave the approximations,...

  • By Jonathan Barrett and Harry Pearl. SYDNEY, March 12- The rapid resurgence of nationalist politics in Australia was abruptly halted on Saturday after Pauline Hanson's One Nation party drew less than 5 percent of the vote and was set to win just one seat in a state poll. "This has certainly halted the sense of momentum building around One Nation that has been there...

  • MUMBAI, March 12- India's ambitious plan to recycle thousands of tonnes of gold lying idle in temples and households looks to have foundered on concerns over high costs and slight returns, in a blow to government hopes of cutting imports of the metal. Families that hold about 80 percent of the idle gold have largely shunned the scheme, with some four dozen...

  • March 11- Puerto Rico's governor said on Saturday he has delivered a revised fiscal turnaround plan to the U.S. territory's financial oversight board that includes $262 million in additional revenue and changes to healthcare funding. The board must approve a turnaround blueprint for the island under the federal Puerto Rico rescue law known as PROMESA.

  • By Rupam Jain and Tommy Wilkes. NEW DELHI, March 12- Sensing his party's drive for votes in India's most politically prized state had stalled, Prime Minister Narendra Modi cleared his schedule and thrust himself into the heart of the battle. "Our election campaign has hit a roadblock," Modi told campaign managers and two federal ministers in Delhi last month, a week...

  • SYDNEY, March 12- Voters in iron ore-rich Western Australia turned against the governing center-right Liberal party on Saturday, in a state election result set to derail billions of dollars of privatizations including a port and major energy grid. The opposition state Labor party, which campaigned against the government's plans to sell a majority stake in...

  • The lender said it planned to maintain operations "in markets with Portuguese affinity," which include Portuguese-speaking Angola, Mozambique and the Macau region in China, while selling or shutting down the remaining non-core international business. "We will give priority to operations in South Africa and Spain," CEO Paulo Macedo told reporters, adding that...

  • LONDON, March 11- The chairman of Britain's biggest retailer Tesco has said he was joking after telling an audience of aspiring non-executive directors that white men were "an endangered species" in UK boardrooms. John Allan, who became Tesco chairman in 2015, told the Retail Week Live conference earlier this week that women and people from an ethnic background...

  • BERLIN, March 11- German Finance Minister Wolfgang Schaeuble rejected demands on Saturday from some fellow conservatives for large tax cuts after a September election, saying there was only scope for about 15 billion euros in reductions. But Schaeuble said Germany needed to ensure it had sufficient financial resources to spend on security, infrastructure,...

  • BEIJING, March 11- A trade war between China and the United States would only cause pain, China's commerce minister said on Saturday, as analysts say the spectre of deteriorating U.S.- China ties is likely to weigh on confidence of exporters and investors worldwide. "Many American and western friends think that China can't live without the United States but...

  • LONDON, March 11- HSBC Holdings Plc is lining up Mark Tucker, currently chief executive of insurer AIA Group Ltd, to be the next chairman of Europe's biggest bank, Britain's Sky News reported on Saturday. Last month HSBC said the bank was not a position where it had a shortlist of candidates to replace Douglas Flint, but expected to identify his successor this year.

  • BEIJING, March 11- A small number of Chinese companies have invested overseas "blindly and irrationally" in investments China does not encourage, Commerce Minister Zhong Shan said on Saturday. Zhong said China will step up regulation around such investments. He was speaking on the sidelines of China's annual meeting of parliament.

  • BEIJING, March 11- China's foreign trade outlook faces lots of risks and uncertainties, Commerce Minister Zhong Shan said on Saturday on the sidelines of China's annual meeting of parliament.

  • DUBAI, March 11- An Airbus A330 airliner arrived in Tehran on Saturday, the second of 200 Western-built passenger aircraft ordered by IranAir following the lifting of sanctions on Iran last year. The A330 was handed over in Toulouse, France on Friday and joins a smaller A321 delivered to Iran earlier this year. Iran has ordered 100 airliners from European...

  • March 14 Japan Auction of 20- year government bonds. March 14 Spain Auction of 3- and 9- month Treasury bills. March 14 Netherlands DSL auction.