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  • LONDON, March 19- British employers ramped up their hiring at the fastest pace in more than three years in the three months to January as the country's labor market defied the broader weakness in the overall economy as Brexit approached. A Reuters poll of economists had pointed to a rise in employment of 120,000. With the terms of Britain's exit from the European...

  • *MSCI's EM stocks index hits 6-1/ 2 month peak. March 19- Emerging market stocks hit a six and a half month peak on Tuesday and developing world currencies firmed against a soft dollar on expectations the U.S. Dovishness from the European Central Bank and the Fed is spurring emerging market sentiment as developing world central banks have become less worried...

  • BRUSSELS, March 19- European Union judges ruled on Tuesday that Italy's rescue plan for ailing Tercas bank in 2014 was legal and annulled a European Commission decision that rejected the plan and forced Rome to recoup financial aid to the lender. The rescue of Tercas bank, which was sold to Banca Popolare di Bari as part of the plan, was orchestrated by Italy's...

  • LONDON, March 19- European Union leaders are unlikely this week to grant an extension to Britain's departure date from the bloc, ITV political editor Robert Peston said on Tuesday. Britain is due to leave on March 29 but parliament has twice rejected Prime Minister Theresa May's deal and she is due at an EU summit in Brussels on Thursday at which she will ask for a...

  • BAKU, March 19- Venezuela has suspended its oil exports to India and views Russia and China as its main export destinations, the Azeri energy ministry said on Tuesday, citing Venezuela's oil minister. The Indian market has been crucial for Venezuela's economy because it has historically been the second-largest cash-paying customer for the OPEC country's...

  • LONDON, March 19- Prime Minister Theresa May's Brexit plans were in disarray on Tuesday as her government sought to plot a way around the speaker of parliament's ruling that she had to change her twice-defeated divorce deal to put it to a third vote. After two-and-a-half years of negotiations, Britain's departure from the European Union remains uncertain- with...

  • JOHANNESBURG, March 19- South Africa's Public Enterprises Minister Pravin Gordhan, who oversees power utility Eskom, said on Tuesday he cannot say yet when rolling blackouts that have been implemented due to capacity shortages will end.

  • LONDON, March 19- Standard Life Aberdeen said it has won a legal battle to stop Lloyds cancelling a 100 billion pound investment management contract early, a decision which could cost the bank hundreds of millions of pounds in extra fees. But after a lengthy arbitration process, a tribunal ruled Lloyds was not entitled to give notice in February 2018 to terminate...

  • Ford's Kentucky Truck plant in Louisville will increase the production rate for Ford Expedition and Lincoln Navigator sport utility vehicles by 20 percent in July- the second 20 percent increase in a year for both models, executives said during a media briefing on Monday. The move highlights Detroit automakers' aggressive efforts to capitalize on popular,...

  • *FTSE 100 up 0.5 pct. March 19- Britain's FTSE 100 continued its winning streak as oil majors and miners boosted the index and Ocado climbed to a life high after posting higher first-quarter retail sales. The FTSE 100 was up 0.5 percent, holding on to its five-month high from the previous session, and the FTSE 250 was roughly flat by 0842 GMT.

  • HONG KONG, March 19- Hong Kong stocks inched higher on Tuesday ahead of a U.S. **At the close of trade, the Hang Seng index was up 0.2 percent at 29,466.28 points, while the Hang Seng China Enterprises index rose 0.1 percent. **Global markets appear to expect the U.S. central bank to pause from hiking rates, after Chairman Jerome Powell made a pledge to stick to a "patient"...

  • BERLIN/ FRANKFURT, March 18- German lawmakers have criticised deputy finance minister Joerg Kukies and Goldman Sachs, alleging a conflict of interest in the U.S. investment bank advising state-backed Commerzbank on a possible merger with Deutsche Bank. Kukies, who was formerly co-head of Goldman Sachs in Germany, left the Wall Street firm a year ago to become...

  • INDIAN GOVT HAS ASKED STATE-RUN BANKS TO RESCUE JET AIRWAYS, AVOID BANKRUPTCY- SOURCES.

  • *India gearing up for general election starting April. *India one of world's fastest-growing aviation markets. NEW DELHI, March 19- India's government has asked state-run banks to rescue privately held Jet Airways without pushing it into bankruptcy, as Prime Minister Narendra Modi seeks to avert thousands of job losses weeks before a general election, two...

  • STATE BANKS' STAKES IN JET AIRWAYS WILL BE "TRANSITORY"- TOP GOVERNMENT SOURCE.

  • STATE BANKS PROVIDE REGULAR UPDATES TO FINANCE MINISTRY ON BAILOUT PLAN, SEEK ADVICE ON MATTERS- SOURCES.

  • Completed customer orders sit in a trolley at Asos Plc's distribution warehouse in Barnsley, U.K.

    The British retailer said its new warehouse in Atlanta struggled to cope with demand in the second quarter, resulting in a dip in U.S. sales and adding to challenges in the French and German markets.

  • PARIS, March 19- Drinks group Pernod Ricard, which is being targeted by activist investor Elliott, said its business in Europe, the Middle East, Africa and Latin America was well positioned for "solid top line growth and margin improvement." The region, which makes 29 percent of group sales, achieved first half 2019 sales growth of 3 percent driven by demand in...

  • *Investors eye Germany's ZEW expectation index. LONDON, March 19- The Japanese yen rose on Tuesday, benefiting from a U.S. dollar hit by concern over the U.S. economy and expectations that the Federal Reserve will prove accommodative at a meeting this week. The euro also profited from the weaker dollar, adding 0.2 percent to $1.1348.

  • *Palladium hits a record high of $1,594/ oz. Spot palladium was up 0.2 percent at $1,586.92 an ounce as of 0814 GMT, and was within striking distance of the $1,600 level after registering an all-time high of $1,594 earlier in the session. "The market is in uncharted territory and on the fundamental side the ban from Russia has supported the prices," said Ajay Kedia,...