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  • March 21- Ford Motor Co said on Thursday its Chief Financial Officer Bob Shanks would retire at the end of 2019.. Shanks, 66, will be succeeded by Tim Stone, who served 20 years at Amazon, and was the former CFO of Snap Inc. Stone will join Ford on April 15 as a company officer and assume the role of chief financial officer on June 1, Ford said.

  • *Western states wary after U.S. raises China concerns. HELSINKI, March 21- Finland's data protection ombudsman said on Thursday he would investigate whether Nokia-branded phones had breached data rules after a report said the handsets sent information to China. Ombudsman Reijo Aarnio told Reuters he would assess whether there were any breaches that...

  • FORD SAYS TIM STONE TO SUCCEED BOB SHANKS AS CFO.

  • LONDON, March 21- The pound extended losses on Thursday and derivatives markets signalled more weakness as fears grow of a catastrophic "no-deal" Brexit should lawmakers hold firm in their rejection of Prime Minister Theresa May's divorce deal with the EU. After trading in a narrow band in early London trading, the pound's weakness escalated and the British...

  • PARIS, March 21- French Finance Minister Bruno Le Maire on Thursday slammed a bonus payment deal for TechnipFMC's outgoing chairman Thierry Pilenko, given recent losses racked up at the oil services company. "When I turn on my radio this morning to learn that the head of Technip is going to leave with a bonus even though he is leaving losses behind him, no-one can...

  • ZURICH, March 21- Roche is seeking damages and compensation in a U.S. lawsuit against former executives of a Utah- based company, the Swiss drugmaker's latest case targeting what it calls fraudulent schemes involving its diabetes test strips. In Utah, where Alliance Medical filed for bankruptcy protection in 2017 after a raid by federal agents seeking evidence...

  • *Palladium hit all-time high of $1,620.53/ oz. Palladium rose to a fresh record high of $1,620.53 an ounce on sustained supply deficit amid increased demand for the autocatalyst metal. Spot gold gained 0.2 percent to $1,314.87 per ounce as of 1112 GMT, having earlier touched a peak since Feb. 28 at $1,320.22.

  • BRUSSELS, March 21- The European Union will weigh a more defensive strategy on China on Thursday, signaling a possible end to the unfettered access Chinese business has enjoyed in Europe but which Beijing has failed to reciprocate. "China has risen to become an economic and geopolitical competitor, and a systemic competitor," she said before EU leaders met for...

  • OSLO, March 21- Norway's central bank raised its main interest rate on Thursday, as expected, and said its next hike may come earlier then previously planned, strengthening the crown currency against the euro. Norges Bank's approach stands in contrast to those of the U.S. Federal Reserve, the European Central Bank and others in Europe, which are keeping rates on...

  • *BIOGEN AND EISAI TO DISCONTINUE PHASE 3 ENGAGE AND EMERGE TRIALS OF ADUCANUMAB IN ALZHEIMERS DISEASE. *BIOGEN INC- INDEPENDENT DATA MONITORING COMMITTEE ADVISES ADUCANUMAB UNLIKELY TO MEET PRIMARY ENDPOINTS, LEADING TO DECISION TO DISCONTINUE TRIALS. *BIOGEN INC- DECISION TO STOP TRIALS IS BASED ON RESULTS OF A FUTILITY ANALYSIS CONDUCTED BY AN INDEPENDENT...

  • RPT-BIOGEN AND EISAI TO DISCONTINUE PHASE 3 ENGAGE AND EMERGE TRIALS OF ADUCANUMAB IN ALZHEIMER'S DISEASE.

  • BEIJING, March 21- PetroChina, Asia's largest oil and gas producer, plans to boost capital spending to 300 billion yuan in 2019, up 17 percent from last year, a company filing to the Hong Kong Stock Exchange showed. The surge in expenditure to a near-record level came as PetroChina pledged to ramp up oil and gas production and reserves to answer Beijing's call for...

  • FRANKFURT, March 21- Italian engineering group Coesia and German industrial holding Koerber are preparing offers for Bosch's packaging machinery business, people close to the matter said. The Bosch business, which competes with Italy's IMA, makes machines for pharmaceuticals and food packaging, employs 6,100 staff and has revenues of about 1.3 billion...

  • *Dublin stocks fall on Brexit worries. The pan-European STOXX 600 index dipped 0.1 percent, driven by falls in Dublin, Madrid and Frankfurt that contrasted with a strong reaction on Asian markets to the Fed's statement and news conference. "The dovish update from the Federal Reserve last night combined with the reduced growth outlook has put pressure on...

  • *M&A activity heating up in Malaysia oil and gas sector. Murphy, which has been in Malaysia for two decades, could not be reached outside regular U.S. business hours. Murphy had tapped banks for the potential sale of its majority interests in eight separate offshore production sharing contracts in Malaysia, sources had said.

  • *Cockpit voice recorder says were airspeed, altitude issues. JAKARTA, March 21- Indonesian investigators said on Thursday the cockpit voice recorder from a crashed Lion Air Boeing Co 737 MAX 8 jet showed pilots were searching for the right checklist in their handbooks and were experiencing airspeed and altitude issues. Nurcahyo Utomo, an investigator at...

  • ACAPULCO, Mexico, March 21- For two years, financiers at Mexico's biggest annual banking bash issued veiled warnings about the risk of veteran leftist Andres Manuel Lopez Obrador taking power. "The financial sector has been and will continue to be committed to Mexico's development, which is why he celebrate and go along with the measures... announced by the Mexican...

  • WASHINGTON, March 20- The Federal Reserve will remain the top holder of U.S. Treasuries for the foreseeable future after the central bank said it would stop shrinking its $4 trillion balance sheet by the end of September. So just what is inside this vast holding of assets?

  • LONDON, March 21- British retailers racked up surprisingly strong sales last month, reinforcing how spending Retail sales grew by an annual 4.0 percent in February, the top end of a range of forecasts by economists in a Reuters poll, and down only slightly from January's two-year high of 4.1 percent, official data showed on Thursday. Mild weather last month...

  • NEW DELHI, March 21- Sri Lanka's state-run Board of Investment said on Thursday that Oman's government-controlled Oman Oil Co has made it clear it is interested in taking a stake of up to 30 percent in a new oil refinery project on Sri Lanka's south coast. The board also said another Oman entity, Oman Trading International, is willing to supply the entire feedstock...