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  • ROME, March 26- Italy is preparing a package of measures to lift economic growth this year and avoid the need for belt-tightening measures, political sources told Reuters, confirming a strategy which favors fiscal expansion over austerity. The timing of the decree is important because it comes shortly before the Treasury presents new public finance targets...

  • SHENZHEN/ HONG KONG, March 26- The U.S. campaign against China's Huawei is having little impact on the company's sales and it is unlikely many countries will follow the United States in banning Huawei from building next-generation mobile networks, its rotating Chairman Eric Xu said. While Australia has banned Huawei from 5 G networks over security concerns,...

  • *Forint reverses fall as central bank to hold news conference. BUDAPEST, March 26- The forint regained early losses after the Hungarian central bank said it would a hold a news conference following its meeting on Tuesday, boosting speculation it could start to increase interest rates from record lows. But the forint has become Central Europe's best performing...

  • ROME, March 26- Italy is preparing a package of measures to lift economic growth this year and avoid the need for belt tightening measures, political sources told Reuters, confirming a strategy which favors fiscal expansion over austerity. Italy fell into recession over the second half of 2018, with gross domestic product falling 0.1 percent in each of the last...

  • March 26- European shares clawed back some ground on Tuesday after four days of losses, although investor sentiment remained fragile over concerns about a softening global economy, uncertainty over Britain's exit from the European Union and a U.S recession. All major bourses rose, led by Paris and London's FTSE 100, with Frankfurt's DAX bringing up the rear.

  • BRUSSELS, March 26- Euro zone banks face no imminent risks from a no-deal Brexit, the head of the European Union agency responsible for dealing with failing lenders said on Tuesday.

  • *OPEC- led supply cuts, U.S. sanctions tighten market. *Another blackout hits OPEC member Venezuela. LONDON, March 26- Oil rose further above $67 a barrel on Tuesday as OPEC supply cuts and expectations of lower U.S. inventories outweighed concern about weaker demand due to an economic slowdown.

  • LONDON, March 26- Calm returned to global markets on Tuesday as a steadier day for Europe and Asia's bourses and a tick higher in benchmark bond yields helped ease nerves after a jarring few days dominated by recession worries. Overnight, MSCI's broadest index of Asia-Pacific shares rebounded 0.2 percent after losing 1.4 percent in the previous session, though...

  • LONDON, March 26- British banks approved the fewest mortgages in almost six years last month, according to industry data which suggested the approach of Brexit was being felt increasingly in the housing market. Seasonally-adjusted data from the UK Finance industry body showed banks approved 35,299 mortgages last month, the smallest number since April 2013...

  • *Robotic warehouses to be built in Sydney, Melbourne. LONDON, March 26- British online supermarket pioneer Ocado has signed a partnership agreement with Australia's Coles, its fifth major overseas deal in less than 18 months as food retailers around the globe respond to online competition. The Coles deal will see two robotic distribution centers or customer...

  • LONDON, March 26- Sterling slipped on Tuesday after the British parliament's moved to wrest control of the Brexit process for a day, raising expectations that lawmakers can end an impasse on Britain's European Union exit, but also the chances of a snap election. If Britain cannot outline a plan by April 12, it must leave the European Union by May 22 with or without a...

  • CORRECTED-IMF DEPUTY MANAGING DIRECTOR ZHANG TAO SAYS TRADE TENSIONS COULD CUT ASIA'S ECONOMIC GROWTH BY 0.9 PERCENTAGE POINT.

  • March 26- European shares were subdued on Tuesday after four days of losses amid concerns about a softening global economy and uncertainty over Britain's exit from the European Union. Germany and Madrid slipped while Paris and London's FTSE 100 were slightly higher. Airbus rose 1.2 percent, providing the biggest boost to the main European index after the...

  • *FTSE 100 up 0.2 pct. March 26- Britain's FTSE 100 rose on Tuesday as exporter stocks benefited from weakness in the pound after lawmakers voted to take control of the Brexit process while Ocado surged to a life high on its latest partnership deal. The FTSE 100 was up 0.2 percent and the FTSE 250 was up marginally by 0836 GMT.

  • BOAO, China, March 26- Trade tensions between the U.S. and China have caused huge amounts of economic uncertainty and could cut Asia's economic growth by 0.9 percentage point, a senior International Monetary Fund official said on Tuesday.

  • *China Enterprises index HSCE ends steady. March 26- Hong Kong shares steadied on Tuesday after the previous session's heavy losses, but investor sentiment remained fragile as concerns over a possible U.S. recession lingered, and China and the United States readied for the next round of trade talks. **As global growth slows, Eric Rosengren, president of the Federal...

  • FRANKFURT, March 26- The shift in the U.S. Federal Reserve's interest rate projection at its March meeting was not dramatic and the significance of the move is sometimes overstated, Federal Reserve Bank of Philadelphia President Patrick Harker said on Tuesday. "My dot... didn't come down that much because I wasn't up where everybody else was," Harker told a business...

  • *To speed up building slaughtering facilities in northern China. BEIJING, March 26- China's COFCO Meat Holdings Ltd on Tuesday posted an around $90 million loss for 2018 after slumping hog prices hit its pig farming business amid the rapid spread of African swine fever in the country. China has recorded 114 outbreaks of highly contagious African swine fever...

  • GENEVA, March 26- Iran's crude oil pipelines have not been damaged by flooding in recent days and the transfer of oil is taking place normally, Abbasali Jafarinasab, the director of the Iranian Oil Pipeline and Telecommunication Company, was quoted as saying on Tuesday by SHANA, the news site of the Iranian oil ministry.