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  • YOKOHAMA, Japan, March 20- In September 2007, despite weighty responsibilities at the helm of Nissan Motor Co and alliance partner Renault SA, Carlos Ghosn found time to get involved in a seemingly straightforward business decision. Two days before Nissan's executive committee was due to formalise the choice of a company called TVS as a partner for sales and...

  • OSLO, March 20- Norsk Hydro, one of the world's largest aluminium producers, has made some progress in restoring operations but is not yet back to normal after a ransomware cyber attack, the company said on Wednesday. After the attack began late on Monday, the company had to shut several plants that transform aluminium ingots into components for car makers,...

  • Spot palladium was down 0.3 percent at $1,591.50 an ounce, as of 0908 GMT, after hitting an all-time high of $1,606.76 earlier in the session. Platinum was 1.3 percent firmer at $856.75 an ounce, after touching its highest since March 4 at $858.64 earlier in the session. "Palladium market is definitely driven by constraints on the supply side and the possibility of...

  • ZURICH, March 20- UBS expects to cut an extra $300 million from 2019 costs as revenues fall across its flagship wealth management business as well as its investment bank in the first quarter, its CEO said at a conference in London on Wednesday. "We have slowed hiring and some IT projects, but we will not halt our investments into growth-oriented initiatives to...

  • A 0.7 percent loss for Germany's DAX was also driven by a pullback in car producers after the sector's best day in more than three months-- a 2.4 percent jump-- on Tuesday. The unanimous verdict by a San Francisco jury against Bayer, one of Germany's biggest global names, came eight months after another jury issued a $289 million verdict over similar claims against...

  • FTSE 100 up 0.1 pct; FTSE 250 roughly flat. March 20- A weaker pound amid growing Brexit concerns offset a selloff in blue-chip miners and lifted the exporter-heavy FTSE 100 on Wednesday, while satellite operator Inmarsat surged on a $3.3 billion takeover approach. The FTSE 100 shrugged off initial losses to add 0.1 percent, up for an eighth straight session, and...

  • *Beijing and Washington to resume trade talks. HONG KONG, March 20- The Hong Kong stock market ended lower on Wednesday as investors kept a cautious stance ahead of the U.S. Federal Reserve's policy decision later in the day and on reports of renewed tension in U.S.- China trade negotiations.

  • TOKYO, March 20- Japan's government downgraded its assessment of the economy in March for the first time in three years, blaming a bruising U.S.- China trade war for slumping exports and industrial output. Exports fell for a third straight month in February and industrial output in January saw its sharpest decline in a year as tit-for-tat tariffs between...

  • *U.S.- China trade talks hit a snag. LONDON, March 20- The dollar rose on Wednesday, attracting safe-haven bids after reports of further tension in U.S.- China trade negotiations, but its gains were slight, with caution expected from the Federal Reserve at its policy meeting later in the day. The negative impact on the dollar from the pause in the Fed's...

  • JAPAN GOVT SAYS ECONOMY IS IN GRADUAL RECOVERY BUT EXPORTS AND OUTPUT ARE SHOWING WEAKNESS.

  • JAPAN GOVT DOWNGRADES ECONOMIC ASSESSMENT IN MARCH, FIRST TIME IN 3 YEARS.

  • OSLO, March 20- Norsk Hydro, one of the world's largest aluminium producers, has made some progress in restoring operations but is not yet back to normal after a ransomware cyber attack, the company said in a statement on Wednesday. After the attack began late on Monday, the company had to shut several metal extrusion and rolled products plants, which transform...

  • *Operating income up 6 pct to 2 bln eur, margins 34.3 pct. PARIS, March 20- Upmarket handbag maker Hermes, one of the luxury brands still riding high on strong demand from Asian clients, said on Wednesday it had not observed any change in sales trends so far this year. The French label, known for its squared silk scarves and Birkin handbags that sell for more than $10,000,...

  • PRETORIA, March 20- South Africa's foreign direct investment more than doubled in 2018 to reach its highest in five years, the central bank said on Wednesday, giving a boost to President Cyril Ramaphosa's pledge to woo investors to help revive a struggling economy. The South African Reserve Bank said in its quarterly bulletin that foreign direct investment...

  • March 20- Saudi Arabia's stock market dropped on Wednesday as its banks fell, while most major Gulf markets also slid, mirroring global cues ahead of a decision by the U.S. Riyad Bank slipped 1.8 percent as the lender traded ex-dividend, while Saudi's largest lender National Commercial Bank shed 1 percent. The kingdom's largest food products company Savola...

  • BERLIN, March 20- The European Union has done a lot to accommodate Britain over Brexit and can go no further, European Commission head Jean-Claude Juncker said on Wednesday, as he played down hopes of a breakthrough at this week's EU summit. "We have intensively moved towards Britain, there can be no more." "My view this morning at quarter past 8 is that we will not get...

  • EU ANTITRUST CHIEF VESTAGER TO HOLD NEWS CONFERENCE AT 10.30 GMT, FOCUS EXPECTED TO BE ON GOOGLE.

  • LONDON, March 20- Shares in Inmarsat Plc jumped 16 percent on Wednesday after the British satellite operator said it was in talks about a $3.3 billion cash takeover approach from a private equity-led consortium. The consortium, which initially included UK- based Apax Partners, U.S.-based Warburg Pincus and Canada Pension Plan Investment Board, was later also...

  • Spot palladium was up 0.4 percent at $1,602.01 an ounce, as of 0731 GMT, after hitting an all-time high of $1,606.76 earlier in the session. Platinum was 1.2 percent higher at $855.84 an ounce, after touching its highest since March 4 at $858.18 earlier in the session. "Palladium market is definitely driven by constraints on the supply side and the possibility of a...

  • *Conflicting reports on resumption of U.S.- China trade talks. HONG KONG, March 20- Chinese stocks were little changed on Wednesday ahead of the Federal Reserve's interest rate decision later in the day and on uncertainty surrounding Sino-U.S. trade negotiations. **The smaller Shenzhen index fell 0.2 percent and the start-up board ChiNext Composite index...