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Wires

  • DUBAI, March 28- Amazom.com has agreed to acquire Middle East online retailer Souq.com,, the two companies said in a joint statement on Tuesday. "By becoming part of the Amazon family, we'll be able to vastly expand our delivery capabilities and customer selection much faster, as well as continue Amazon's great track record of empowering sellers," said Souq.com' s...

  • HONG KONG, March 28- Hong Kong- leader elect Carrie Lam said on Tuesday she was "very determined" to tackle the high cost of housing in the densely populated city, among the top concerns of foreign business people working there. Speaking at a Credit Suisse investment conference in Hong Kong, Beijing- backed Lam also said the former British colony faced tough...

  • LUXEMBOURG, March 28- Europe's top court on Tuesday upheld European Union sanctions on Russia over the Ukraine conflict, including on its largest oil group Rosneft, in a ruling that asserts the court's jurisdiction over the bloc's foreign policy. The EU slapped sanctions on Russia after it annexed Crimea from Ukraine in 2014 and stepped them up as Moscow went on...

  • MOSCOW, March 28- The lion's share of the Russian banking sector's profit should be directed towards banks' capital, central bank governor Elvira Nabiullina said on Tuesday.

  • LONDON, March 28- The dollar steadied on Tuesday after its worst week since U.S. The yen, which has gained 4 percent in nine days as faith in the Trump White House's ability to deliver tax reform and a promised public spending boost, was flat at 110.74 yen per dollar. Analysts pointed to support from appearances by Dallas Federal Reserve Bank President Robert Kaplan...

  • JOHANNESBURG, March 28- South African Finance Minister Pravin Gordhan said "let's wait and see" when asked about reports that President Jacob Zuma was set to remove him, as he arrived back from an investor roadshow in Britain on Zuma's orders. Gordhan told reporters shortly after landing at Johannesburg's international airport that he was focused on restoring...

  • MOSCOW, March 28- Russia's central bank is making special efforts to step up cyber security, Elvira Nabiullina, its governor, told a meeting of the Association of Russian Banks in Moscow on Tuesday.

  • MOSCOW, March 28- Russian central bank governor Elvira Nabiullina said Tuesday that there are grounds to increase lending in Russia.

  • SHANGHAI, March 28- Hong Kong stocks followed Asian markets higher on Tuesday on cautious hopes that U.S. The Hang Seng index rose 0.6 percent to 24,345.87 points, while the China Enterprises Index also gained 0.6 percent to 10,425.89, shrugging off weakness in mainland China markets. Most sectors rose in Hong Kong, with an index tracking mainland property...

  • BRUSSELS— The European Union's top court has ruled that the bloc's economic sanctions on Russian companies over the crisis in Ukraine are valid. Rosneft wants to annul a decision by EU leaders in July 2014 to restrict certain financial transactions and sensitive exports imposed after Russia annexed Ukraine's Crimean Peninsula. The Luxembourg- based ECJ...

  • LUXEMBOURG, March 28- Europe's top court on Tuesday upheld European Union sanctions on Russia over the Ukraine conflict, including on its largest oil group Rosneft, in a ruling that asserts the court's jurisdiction over the bloc's foreign policy. The EU slapped sanctions on Russia after it annexed Crimea from Ukraine in 2014 and stepped them up as Moscow went on...

  • JOHANNESBURG, March 28- South Africa's Finance Minister Pravin Gordhan landed home on Tuesday a day after President Jacob Zuma ordered him to return from an investor roadshow in Britain, fuelling speculation of a cabinet reshuffle.

  • JOHANNESBURG, March 28- South Africa's Finance Minister Pravin Gordhan landed home on Tuesday a day after President Jacob Zuma ordered him to return from an investor roadshow in Britain, fuelling speculation of a cabinet reshuffle.

  • JOHANNESBURG, March 28- South Africa's Finance Minister Pravin Gordhan landed home on Tuesday a day after President Jacob Zuma ordered him to return from an investor roadshow in Britain, fueling speculation of a cabinet reshuffle.

  • JOHANNESBURG, March 28- South Africa's Finance Minister Pravin Gordhan landed home on Tuesday a day after President Jacob Zuma ordered him to return from an investor roadshow in Britain, fueling speculation of a cabinet reshuffle.

  • Prime Minister Abdullah bin Nasser Al Thani announced the $6.3 billion investment at an investment forum in London. Its holdings include a stake in British bank Barclays and several prominent London properties, including the iconic Harrods department store. The OPEC member announced plans to invest $35 billion over five years in the United States in 2015..

  • PRETORIA, March 28- Finance Minister Pravin Gordhan was set to return to South Africa early on Tuesday after he was ordered home by the president, a move that rattled markets amid media reports that he might be sacked. The rand tumbled more than 2.7 percent against the dollar, extending Monday's losses, after Talk Radio 702 said Gordhan's dismissal had been...

  • HONG KONG— A Chinese dairy company whose stock plunged last week, wiping billions off its market value, has denied rumors of forged invoices and misappropriated funds. However, Huishan Dairy also noted Tuesday that it has lost contact with its senior executive in charge of treasury and cash operations. It said in a statement to the stock exchange that the...

  • LUXEMBOURG, March 28- Sanctions imposed by the European Union on Russian companies such as its largest oil group Rosneft are valid, Europe's top court said on Tuesday. "The restrictive measures adopted by the Council in response to the crisis in Ukraine against certain Russian undertakings, including Rosneft, are valid," the European Court of Justice said.

  • LONDON, March 28- Short-dated German bond yields touched two-month highs on Tuesday as the country prepared to sell two-year debt at auction. Analysts said the higher yields should help demand especially with tensions easing over the possibility of near-term interest rate hikes from the European Central Bank. But the central bank's chief economist and a key...