Pimco upgraded its assessment on U.S. economic growth, saying it now expects expansion to run between 2.5 percent and 3 percent in 2014.» Read More
French industrialist Vincent Bolloré said he hopes to revolutionize electric travel on the streets of London.
*Sell-off in copper on China concerns seen overdone. *No evidence of deals unravelling in China- industry. LONDON, March 12- Copper rebounded from earlier losses on Wednesday as a sell-off triggered by concerns about the impact of credit problems in China was considered to be overdone.
*China central bank ready to ease policy if needed- Reuters report. NEW YORK, March 12- Global stock indexes declined for a fourth day and copper hit four-year lows before rebounding on Wednesday as increasing concern about China's economic slowdown unnerved investors.
NEW YORK, March 12- U.S. stocks were little changed on Wednesday, as equities recouped much of their earlier declines amid signs of progress in diplomatic attempts to ease tensions surrounding Ukraine.
*Italy no longer cause for alarm among foreign investors. Italy's largest bank by assets UniCredit and troubled lender Monte dei Paschi di Siena this week announced the write-downs- of 13.7 billion and 2.75 billion euros respectively- as they prepare for an industry-wide health check that European lenders are undergoing this year.
*FTSEurofirst 300 dips 0.8 pct, Euro STOXX 50 down 0.5 pct. *Russia- exposed stocks hit again as sanctions talk builds. PARIS, March 12- European shares fell on Wednesday, sending benchmark indexes to one-month lows, as mounting worries over China's economic growth rate and persistent tensions in Ukraine spooked investors.
NEW YORK, March 12- Copper declined to near four-year lows and global stock indexes fell for a fourth day on Wednesday as increasing concern about China's economic slowdown sent a wave of unease through financial markets.
NICOSIA, Cyprus-- Yiorgos Lakkotrypis will stay as Cyprus' energy minister after the country's president opted against a wide-ranging reshuffle to his Cabinet. Bailed-out Cyprus, one of 18 European Union countries that uses the euro, sees newly found offshore gas reserves as an economic boon, elevating the importance of the energy portfolio.
March 12- British fashion retailer French Connection Group Plc, which is trying to turn around its business after years of weak sales, reported another decline in annual revenue mainly due to the closure of non-contributing stores.
MOSCOW, March 12- Russian mobile phone operator Vimpelcom has become the latest company to come under scrutiny over its operations in Uzbekistan, an authoritarian country where rival MTS had its assets confiscated.
*Few governments use stolen document database- Interpol. The international police agency Interpol said only a handful of governments from its 190 member countries actually made use of the database at its headquarters in Lyon, France.
*Chilean peso hits near five-year lows on China concerns. NEW YORK, March 12- Emerging market currencies fell on Wednesday as investor nervousness over China's economy and Ukraine's future intensified, rekindling safe-haven bids for the yen and the Swiss franc.
MOSCOW, March 12- President Vladimir Putin's engagement in Ukraine threatens to divert Russia's central bank from its goals of inflation-targeting and freeing up the rouble currency, undermining the credibility it has built up.
Chinese teachers will be flown over to the U.K to boost British pupil's performance in math and overhaul the way the subject is taught.
Ahead of Sunday's referendum in Crimea, Sweden's foreign minister said the current borders of Europe must remain unaltered.
*EPL Oil to be acquired by Energy XXI for $2.3 bln. NEW YORK, March 12- U.S. stocks declined on Wednesday, putting the S&P 500 on track for a third straight decline after its most recent record high, as concerns grew over the strength of China's economy. London copper, seen as a proxy for China's economic health, fell for a fourth day to its lowest level since July 2010.
LONDON, March 12- Billionaire financier George Soros said on Wednesday it would not be practical for an independent Scotland to keep the British pound, and warned a separate currency would be "potentially dangerous" as weak currencies can be attacked.
BRUSSELS, March 12- European Union member states have agreed the wording of sanctions on Russia, including travel restrictions and asset freezes against those responsible for violating the sovereignty of Ukraine, according to a draft document reviewed by Reuters.
*U.S.-EU hold fourth round of talks in Brussels this week. BRUSSELS, March 12- Europe's reluctance to buy hormone meat or genetically modified food from the United States has exposed an "enormous gulf" that threatens the world's biggest trade pact, industry and labour groups told EU and U.S. negotiators on Wednesday.
*2013 operating profit 442 mln stg vs f'cast 455 mln stg. G4S generates almost 10 percent of its 7.4 billion pound annual revenues from the UK government and the breakdown in their relationship has been a key concern for investors alongside wider worries about the group's reputation.