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  • FORT WORTH, Texas _ Basic Energy Services Inc. on Thursday reported a loss of $152.8 million in its fourth quarter. The Fort Worth, Texas- based company said it had a loss of $3.58 per share. For the year, the company reported that its loss widened to $418.1 million, or $9.96 per share.

  • LONDON, March 24- Investors sold euro zone government bonds on Friday on expectations that private sector activity data would show further signs of economic growth, thereby strengthening the case for a withdrawal of monetary stimulus. "With the PMIs expected to come in quite strongly, I think it will be a confirmation of the economic strength in the euro zone, and...

  • BOAO, China, March 24- China's debt risks are "very much under control," but local governments must ensure that the increase in their debt spending this year is within stipulated limits, Vice Finance Minister Liu Wei said on Friday. This year, China has capped the size of outstanding local government debt at 18.8 trillion yuan, up from the 17.2 trillion ceiling in...

  • AMSTERDAM, March 24- The Netherlands' Bureau for Economic Policy Analysis said on Friday the country has entered a period of sustained, if modest, economic growth, helped by positive trends in trade and investment, falling unemployment, and increasing consumer confidence. The agency forecast gross domestic product would grow 2.1 percent in 2017, unchanged...

  • *Most of new staff hiring to be in Pearl River Delta. HONG KONG, March 24- HSBC plans to add as many as 1,000 new employees to its Chinese retail banking and wealth management arm this year, the business's regional head said, most of them in the Pearl River Delta, the heart of the bank's growth strategy in China. HSBC has made the southern Pearl River Delta region- home to 11...

  • March 24- Hong Kong stocks eked out marginal gains on Friday, with investors awaiting corporate earnings and a vote on a new U.S. healthcare bill seen as President Donald Trump's first policy test. If he meets some obstacle here, he would also meet obstacles elsewhere, "said Alex Wong, a director at Ample Finance Group. "There are concerns in the Hong Kong market, but not...

  • EXCLUSIVE-HSBC EXEC SAYS ISSUED OVER 100,000 CREDIT CARDS IN CHINA SINCE DECEMBER LAUNCH.

  • EXCLUSIVE-HSBC EXEC SAYS PLANS TO ADD AS MANY AS 1,000 NEW STAFF IN CHINA RETAIL BANKING AND WEALTH MANAGEMENT BUSINESS IN 2017, MOST IN PEARL RIVER DELTA.

  • SINGAPORE, March 24- Oil prices edged up on Friday, supported by a fall in Saudi exports to the United States, but overall markets remained under pressure on the back of a world market awash with fuel. Traders said the increase came as Saudi Arabia said its crude exports to the United States would fall by around 300,000 barrels per day between February and March.

  • TOKYO, March 24- Bank of Japan Governor Haruhiko Kuroda said there is "no reason" to raise the bank's bond yield targets now with inflation so far from its 2 percent target, offering his strongest denial to date of the chance of withdrawing its massive stimulus any time soon. The former top Japanese currency diplomat also played down the risk that President Donald...

  • ZURICH, March 24- Credit Suisse Chief Executive Tidjane Thiam's pay for his first full year in the job swelled to 11.9 million Swiss francs, the 2016 annual report of Switzerland's second-biggest bank showed on Friday. This compared with the 4.57 million francs he earned in 2015 after joining the bank on June 22. Cross-town rival UBS paid Chief Executive Sergio...

  • SEOUL, March 24- Daewoo Shipbuilding& Marine Engineering Co Ltd's CEO Jung Sung- leep said he believes he should step down from the top position if the cash-strapped South Korean firm is unable to turn a profit this year. South Korean state banks have said they are preparing a fresh $2.6 billion bailout for Daewoo Shipbuilding, which has racked up huge losses from...

  • LONDON, March 24- Britain's Labour party has won five seats at elections in the City of London, the heart of the country's financial district, as it seeks to challenge the borough's centuries-old policy of independence from party politics. Britain's main opposition party, lagging far behind the Conservatives in national opinion under its current leader,...

  • The State Department will recommend the pipeline is in U.S. interests, clearing the way for the White House to grant a presidential permit to TransCanada to build the $8 billion pipeline, two officials said. State Department spokesman Mark Toner wouldn't reveal the decision, but said the agency had re-examined Keystone thoroughly after ruling against the...

  • Traders said world No.2 producer Malaysia was set to boost imports of palm oil and related products from top grower Indonesia by about 20,000 tonnes in March from typical monthly volumes of around 40-50,000 tonnes. Some traders said shipments to Malaysia would likely remain at higher levels in April as they expect Indonesia to cut its export taxes on palm to...

  • SHANGHAI, March 24- China stocks rose on Friday as strong gains in the infrastructure sector offset concerns over tightening liquidity in the country's banking system, increased regulation and fresh curbs on property investment. The blue-chip CSI300 index rose 0.8 percent to 3,489.60 points, while the Shanghai Composite Index added 0.6 percent to 3,269.45.

  • The hotels will feature modern, sleek interiors and communal areas, and offer rooms at $200 to $300 a night, about half what it costs at some hotels in Trump's luxury chain. It's in the Trump boys' DNA, "said Trump Hotels CEO Eric Danziger. Instead, their company, the Trump Organization, plans to get local real estate developers and their investors to foot the bill, as do...

  • Treasury bond yields are set to rise this year, but not as much as many currently expected, according to a Reuters poll of top fixed-income strategists who appear skeptical the Federal Reserve will manage to raise rates several times more this year. Central banks, not finance ministries and their borrowing plans, will still wield the strongest influence on...

  • TOKYO, March 24- Japanese government bond yields ticked up on Friday, led by short-term bills and bonds, after the Bank of Japan acted to ease any shortage of short-term JGBs when the Japanese fiscal year ends on March 31. The BOJ on Friday sold 1.0 trillion yen of JGBs with a repurchase agreement, its first reverse repo operation in more than eight years, which it...

  • SINGAPORE, March 24- Oil prices edged up on Friday, supported by a fall in Saudi exports to the United States, but overall markets remained under pressure on the back of a world market awash with fuel. Traders said the increase came as Saudi Arabia said its crude exports to the United States would fall by around 300,000 barrels per day between February and March.