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  • ADDIS ABABA, March 26- Families and friends grieving the victims of Ethiopian Airlines flight 302 gathered for a tearful ceremony in Addis Ababa on Tuesday to unveil a plaque and plant an olive tree with soil from the crash site. Kenya, Canada and Ethiopia suffered the biggest losses of life and their representatives and others joined about 100 relatives and...

  • EXCLUSIVE-- ACTING FAA CHIEF ELWELL WILL TELL CONGRESSIONAL PANEL 737 MAX WILL RETURN TO SERVICE ONLY WHEN FAA ANALYSIS INDICATES IT IS APPROPRIATE-- WRITTEN TESTIMONY.

  • JOHANNESBURG, March 26- Troubled South African retailer Steinhoff said on Tuesday it would place up to 6.94 million shares in KAP Industrial via an accelerated bookbuilding to raise cash to repay debt and shore up its finances. Steinhoff in December 2017 admitted accounting irregularities, wiping about 85 percent off its market value and throwing it into a...

  • BEIJING/ OTTAWA, March 26- China expanded its ban on Canadian canola seed imports on Tuesday to include shipments from Viterra Inc, the latest development in a wider trade dispute between the two countries. "We are taking this very seriously," he said in Winnipeg, Manitoba, noting that Canada's relationship with China has been fraught in recent months.

  • *U.S. 10- year yields rise from 15- month lows as Wall Street gains. NEW YORK, March 26- The U.S. dollar inched higher against a basket of currencies on Tuesday as U.S. benchmark 10- year yields rose from 15- month lows on solid gains in U.S. shares, brushing aside disappointing domestic data on housing starts and consumer confidence. "There is a reluctance to buy dollars,...

  • BUDAPEST, March 26- Hungary's central bank raised its overnight deposit rate by 10 basis points to -0.05 percent on Tuesday, halting a nearly seven-year run of monetary easing, in what the bank's governor called a one-off move justified by inflation trends. The hike had been predicted by a slim majority of analysts in a Reuters poll, as cheap money the National...

  • JOHANNESBURG, March 26- Troubled South African retailer Steinhoff said on Tuesday it would place up to 6.94 million shares in KAP Industrial via an accelerated bookbuilding in an effort to plug a liquidity gap. The placement will result in Steinhoff, which has a 26 percent stake in KAP, no longer holding an interest in the diversified industrial group.

  • STOCKHOLM, March 26- An internal Swedbank report identified major breaches of anti-money laundering obligations involving its business in Estonia, Swedish public broadcaster SVT said on Tuesday after having obtained a copy. Swedbank said the draft report cited by SVT had been included in a wider external investigation which it announced last week and had...

  • *Apple supports tech; Financials to snap 5- day losing streak. March 26- Wall Street's main indexes gained for the first time in three sessions on Tuesday, as Apple and chipmakers boosted technology shares, while energy companies rose on the back of higher crude oil prices. "The market still has no idea what the evolution of growth is going to be and we are getting...

  • LAUSANNE, March 26- COFCO International plans to double its grain purchases in the Black Sea region as part of a global expansion to help serve markets beyond China, the chairman of the Chinese-owned agricultural trading group said on Tuesday. COFCO International aims to double the volume of grains it sources from the region "in the next two to three years,"...

  • *Markets steady after yield curve raised recession worries. NEW YORK, March 26- Benchmark U.S. After a couple of days where investors focused solely on the chances of recession in the U.S. and concerns about slower growth, today is not surprisingly a day where they rethink those probabilities, "said Kate Warne, investment strategist at Edward Jones in St. Louis.

  • JOHANNESBURG, March 26- South Africa's Public Investment Corporation suspended its acting chief executive on Tuesday over alleged interference in an inquiry into impropriety at the 2 trillion rand fund. The PIC, one of the largest fund managers in Africa, said in a statement that it had placed acting CEO Matshepo More on a "precautionary suspension" and that...

  • 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.

  • STRASBOURG, March 26- EU lawmakers have endorsed an overhaul of the bloc's two-decade old copyright rules, which will force Google and Facebook Inc to pay publishers for use of news snippets and make them filter out protected content. The European Parliament backed the reforms by 348 votes to 274 on Tuesday after a debate that has pitted Europe's creative...

  • EU COUNTRIES TO SHARE DATA ON CYBERSECURITY RISKS, TO ASSESS RISKS.

  • MEASURES TO DEAL WITH RISKS COULD INCLUDE DEMANDS FOR CERTIFICATION, TESTS ON 5 G SUPPLIERS- EUROPEAN COMMISSION.

  • *Ignores U.S. calls for ban on China's Huawei. STRASBOURG, March 26- EU nations will be required to share data on 5 G cybersecurity risks and produce measures to tackle them by the end of the year, the European Commission said on Tuesday, shunning U.S. calls to ban China's Huawei Technologies across the bloc. The European Union move came despite U.S. pressure to boycott...

  • PRESSURE TO BAN HUAWEI ACROSS EUROPE, SAYS INDIVIDUAL COUNTRIES TO DECIDE.

  • GENEVA/ LONDON, March 26- Heavy flooding continued in Iran on Tuesday as many provinces geared up for days of waterlogged misery and authorities warned of possible floods in capital Tehran as well the oil-rich south. The flood killed one person in Kohgiluyeh and Boyer-Ahmad Province in western Iran on Tuesday and one in Khuzestan Province in the south west,...

  • March 26- OxyContin maker Purdue Pharma LP and members of the wealthy Sackler family that own the company have reached a $270 million settlement to resolve a lawsuit by the state of Oklahoma accusing Purdue of helping fuel the opioid abuse epidemic, people familiar with the matter said on Tuesday. On Monday, the Oklahoma Supreme Court rejected an effort by the...