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  • BEIJING, March 27- Profits at China's industrial firms suffered their worst contraction since late 2011 in the first two months of this year, data showed on Wednesday, as increasing strains on the economy in the face of slowing demand at home and abroad took a toll on businesses. Profits notched up by China's industrial firms in January-February slumped 14.0...

  • WELLINGTON, March 27- New Zealand's central bank kept interest rates at a record low of 1.75 percent on Wednesday and said increased downside risks to its outlook meant the next move in rates was now more likely to be a cut, knocking the currency to a two-week low. The New Zealand dollar was trading above $0.69 before the policy decision and immediately fell more...

  • BEIJING, March 27- Most base metals moved higher in early Asian trade on Wednesday, with Shanghai zinc touching a more than one-year high, as investors focused on tight inventory levels and the resumption of U.S.- China trade talks in Beijing this week. *SHANGHAI ZINC: The most traded May zinc contract on the Shanghai Futures Exchange rose as much as 2.1 percent to...

  • BEIJING, March 27- Profits earned by China's industrial firms dropped 14.0 percent year-on-year to 708.01 billion yuan in the first two months of 2019, the statistics bureau said on Wednesday. The data combines figures for January and February to smooth out distortions caused by the week-long China's Lunar New Year. Chinese industrial firms' liabilities...

  • *Spot gold was up 0.1 percent at $1,317.14 per ounce as of 0126 GMT, after registering its biggest one-day percentage decline since March 14 in the previous session. *President Donald Trump's expected nominee for the Federal Reserve Board of Governors, Stephen Moore, said the U.S. central bank should immediately cut interest rates by half a percentage point,...

  • March 26- Split decisions on Tuesday by a U.S. government panel in acrimonious patent disputes between iPhone-maker Apple and chip supplier Qualcomm left their battle lines largely unchanged ahead of a U. S Federal Trade Commission ruling and a major trial next month. The International Trade Commission, a government agency empowered to hear disputes over...

  • TOKYO, March 27- Oil prices edged lower on Wednesday after an industry report showed an unexpected rise in U.S. crude inventories, but losses were capped by ongoing supply curbs and issues affecting output from countries including Venezuela. On Tuesday, the global benchmark rose 76 cents to $67.97 a barrel, not far below its year-to-date high of $68.69, reached on...

  • CARACAS, March 26- Venezuela's government told workers and school children to stay home on Tuesday as the second major blackout this month left the streets of Caracas mostly empty and residents wondering how long power would be out amid a deepening economic crisis. Intermittent service has long affected Venezuela's largely rural interior, but residents of...

  • SYDNEY, March 27- U.S. wheat futures nudged higher on Wednesday to sit near a one-month high as signs of improved demand for North American supplies and adverse weather supported prices. *The most active wheat futures on the Chicago Board Of Trade were up 0.1 percent at $4.69-3/ 4 a bushel. *Farmers from Missouri to South Dakota have seen their corn and soybean fields...

  • LONDON, March 26- If armies are often studying how to fight the previous war, economists and investors are usually expecting the next recession to resemble the last slump. U.S. manufacturing output slumped almost 21 percent between December 2007 and June 2009, more than twice the average decline of 8.4 percent during the previous 10 recessions.

  • TOKYO, March 27- The dollar held modest gains on Wednesday as a recovery in investor risk appetite arrested a decline in benchmark U.S. The greenback advanced on Tuesday after 10- year Treasury debt yields rebounded due to stock gains on Wall Street. "Bids for the dollar are returning with Treasury yields off their lows, and also because negative views towards the...

  • Jose Zozaya, president of the Mexican unit, said the railway is being approached by new fuel importers, beyond existing clients that already supply their own retail gas stations in Mexico like U.S.-based ExxonMobil Corp and France's Total SA. Kansas City Southern's bullish forecasts contrast with the stated desire of President Andres Manuel Lopez Obrador...

  • PUNTO FIJO, Venezuela, March 26- Venezuela's main oil export port of Jose and four crude upgraders have been unable to resume operations following a power blackout on Monday, according to industry workers and a union leader close to the facilities. The blackout, Venezuela's second major power outage in a month, left streets mostly empty in the capital Caracas as...

  • While relations between the United States and Cuba have nosedived of late, the old Cold War foes seem able to agree on the need to increase internet access in what has long been one of the Western world's least connected nations. While President Donald Trump has tightened the decades-old U.S. trade embargo on Cuba, he has not eliminated an exception to it...

  • Federal Reserve Today in Washington. 27- Mar United States Sale of 2- year floating rate notes 27- Mar United States Sale of 5- year notes 27- Mar Italy Bills auction 27- Mar Sweden Auction of government bonds 27- Mar Norway Auction of Treasuries 27- Mar Germany Auction of 10- year Federal bonds 28- Mar United States Sale of 7- year notes 28- Mar Italy...

  • PRETORIA- South Africa Reserve Bank starts its three-day monetary policy committee meeting. BEIJING- Governor of the People's Bank of China Yi Gang and Finance Minister Liu Kun speak at the annual Boao Forum. MEXICO CITY- Central Bank of Mexico to publish Monetary policy statement.

  • EXCLUSIVE-CASPER SLEEP INC TO HIRE UNDERWRITERS FOR INITIAL PUBLIC OFFERING-SOURCES.

  • March 26- Casper Sleep Inc, the U.S. online mattress retailer whose investors include actor Leonardo DiCaprio and rapper 50 Cent, is seeking to hire underwriters for an initial public offering, according to people familiar with the matter. New York- based Casper, which was valued at $920 million in its latest private fundraising round in 2017, is planning to...

  • SAO BERNARDO DO CAMPO, Brazil, March 26- Meeting in Brazil this week, auto executives from Toyota to GM talked up traditional fuel sources like ethanol, natural gas and diesel, underlining how South America's protected auto market is likely to resist a broader global move towards electric vehicles for years to come. Even as automakers revamp their global...

  • NEW YORK, March 26- U.S. health insurer Centene Corp is in advanced talks to buy smaller rival WellCare Health Plans Inc, according to two people familiar with the matter, a move that would create a bigger player focused on government-backed health insurance plans. WellCare is more focused on Medicare and Medicaid plans, government healthcare programs for the...