Thursday, March 31, 2016

BRIEF-Court confirms Molycorp's fourth joint amended plan of reorganization

* Court confirms Molycorp, Inc.'s fourth joint amended plan of reorganization, paves way for company's emergence from chapter 11

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BRIEF-Baytex Energy announces amendments to bank credit facilities

* Says amendments include reducing our credit facilities to US$575 million

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UPDATE 4-NY state reaches deal to raise minimum wage toward $15 an hour

* Faster rise in NYC but slow lane for small businesses, counties

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New York's political leaders reach deal on 2016-17 state budget

NEW YORK, March 31 (Reuters) - New York state's governor Andrew Cuomo and legislative leaders announced late on Thursday an agreement on a 2016-17 state budget that includes a plan to increase...

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TABLE-Debt deadlines on the horizon for Chaparral Energy, Ultra Petroleum

By Jessica DiNapoli NEW YORK, March 31 (Reuters) - At least eight oil and gas exploration and production companies, reeling from the commodities rout, face interest payments on debt April 1,...

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GLOBAL MARKETS-Asia shares, dollar on defensive ahead of US job data, factory surveys

SYDNEY, April 1 (Reuters) - Asian shares and the dollar started the new quarter on a downbeat note on Friday as caution ruled ahead of surveys on global manufacturing and the latest reading on U.S....

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China's Shandong Ruyi says it will take over French fashion firm SMCP

SHANGHAI, April 1 (Reuters) - China's Shandong Ruyi said it will buy a controlling stake in SMCP, the French firm behind affordable luxury fashion brands Sandro, Maje and Claudie Pierlot.

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RPT-Australia's McAleese in recap talks with distressed credit firm

SYDNEY, March 31 (Reuters Basis Point) - Troubled logistics and transport firm McAleese Ltd said on Thursday it entered into exclusive negotiations until April 15 with a consortium led by distressed...

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China's Xi urges that U.S., China strengthen macroeconomic policies

BEIJING, April 1 (Reuters) - Chinese President Xi Jinping said on Thursday that China and the United States should strengthen macroeconomic policy coordination to push jointly for strong, sustainable...

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REFILE-BRIEF-Moody's says Fed caution reflects elevated credit risk

* Moody's says Federal Reserve caution reflects elevated credit risk

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RPT-Small change for China's banks from bad debt fixes

* Big China banks profit growth stalls, sector NPLs at 10-yr high

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BRIEF-Immucell enters into agreements covering certain credit facilities with TD Bank

* On march 28, 2016, co entered into agreements covering certain credit facilities with td bank n.a. In amount of up to $4.5 million - sec filing Source text for Eikon: Further company coverage:...

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Michigan governor tells credit rating agencies state doing 'very well'

NEW YORK, March 31 (Reuters) - Michigan Governor Rick Snyder has met with Wall Street credit rating agencies this week, telling them Michigan's economy is doing "very well" in the face of a lowered...

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BRIEF-Community Healthcare Trust to offer 4.5 million shares

* Community healthcare trust incorporated announces launch of a public offering of common stock

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CANADA FX DEBT-C$ weakens into month-end after posting earlier 5-month high

* Canadian dollar ended at C$1.2987, or 77.00 U.S. cents * The loonie rose 6.5 percent in the first quarter * It touched its strongest since Oct. 16 at C$1.2859 * Bond prices mixed across the...

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Italy industry minister quits over conflict of interest allegations

ROME, March 31 (Reuters) - Italian Industry Minister Federica Guidi resigned on Thursday over allegations of a conflict of interest after her partner was put under investigation for influence...

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BRIEF-Sunwah International announces extension of revolving loan term

* Sunwah International announces extension of revolving loan term

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BRIEF-S&P affirms Autopistas Metropolitanas de Puerto Rico LLC's 'BBB-' senior secured debt rating

* Autopistas Metropolitanas de Puerto Rico LLC 'BBB-' senior secured debt rating is affirmed; outlook remains negative Source text - http://bit.ly/22Smztw

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U.S. Fed reverse repos jump at quarter-end

NEW YORK, March 31 (Reuters) - The Federal Reserve on Thursday awarded $303.85 billion of one-day, fixed-rate reverse repurchase agreements to 99 bidders at an interest rate of 0.25 percent, the New...

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STERN ADVICE-Inflation-proofing your portfolio? Then worry about this

By Linda Stern NEW YORK, March 31 (Reuters) - With U.S. gasoline selling under $2 a gallon, food prices relatively flat and Wall Street bond traders betting on 1.5 percent annual inflation as far the...

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UPDATE 1-Valeant directors, CEO ordered to cease trading shares

March 31 (Reuters) - Valeant Pharmaceuticals International Inc's directors and key officers have received a cease-trade order by the securities regulator in the Canadian province of Quebec, on the...

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REFILE-Puerto Rico's PRIFA bond trustee files for $6.4 mln insurance payment

NEW YORK, March 31 (Reuters) - The trustee for bonds issued by Puerto Rico's PRIFA infrastructure authority said in a statement on Thursday it filed an insurance claim for $6.393 million for unpaid...

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U.S. Treasury to sell $52 bln in bills

March 31 (Reuters) - For details of the U.S. Treasury's auctions of 13-week and 26-week bills next week, see: 13-week bills...

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TREASURIES-Longer-dated U.S. bond prices rise on month-end buying

* Short-dated yields hit 1-month lows on dovish rate-hike bets * Surprisingly strong Chicago PMI data curbs bond demand * Some investors hold back before Friday's payrolls report By Richard Leong NEW...

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Canada PM: not worried new President might want to reopen NAFTA

WASHINGTON, March 31 (Reuters) - Canadian Prime Minister Justin Trudeau on Thursday said he was not worried that the next U.S. President might seek to reopen the three-nation North American Free...

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Moody's launches service to assess green bonds

* Methodology to score green bonds according to five criteria

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U.S. upper Midwest factory activity grows in March

March 31 (Reuters) - A measure of factory activity in the U.S. upper Midwest region increased for a third month in March, led by improvement in new orders, production and employment among local...

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BRIEF-Global payments enters into a lender Joinder agreement to amended credit facility agreement

* On march 29, 2016, company and certain units entered into a lender Joinder agreement to amended credit facility agreement - sec filing

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Brazil cenbank raises inflation forecasts, says not considering rate cut

BRASILIA, March 31 (Reuters) - Brazil's central bank raised its inflation forecast for 2016 and 2017, signaling policymakers will not cut interest rates yet despite a deepening recession in Latin...

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UPDATE 1-Coal miner Peabody Energy to cut jobs in Powder River Basin

March 31 (Reuters) - Peabody Energy Corp, the largest U.S. coal producer, said it would lay off about 235 employees at a mine in the Powder River basin, two weeks after the company flagged bankruptcy...

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BRIEF-Peabody Energy has accounts receivable securitization program through its unit P&L Receivables Co

* Has an accounts receivable securitization program through its wholly owned subsidiary, P&L Receivables Company LLC

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Turkish central bank sees fall in energy, food inflation in March - minutes

ISTANBUL, March 31 (Reuters) - The Turkish Central Bank said on Thursday leading indicators suggested a notable decline in food inflation in March while annual energy inflation was envisaged to fall...

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EMERGING MARKETS-Fed hand brings stellar quarterly gains for emerging markets

LONDON, March 31 (Reuters) - Emerging equities touched four-month highs on Thursday and headed for their best quarterly performance since mid-2015, while currencies also firmed thanks to a dollar...

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UPDATE 1-S&P cuts China sovereign credit outlook to negative; maintains AA- rating

SHANGHAI/HONG KONG, March 31 (Reuters) - S&P cut its outlook for China's sovereign credit rating on Thursday to negative from stable, but maintained the rating at AA-, saying the government's reform...

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UPDATE 1-Romania central bank holds fire on interest rates

BUCHAREST, March 31 (Reuters) - Romania's central bank kept its benchmark interest rate unchanged for the seventh time running on Thursday, balancing briefly falling prices with rising fiscal...

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UPDATE 2-EU watchdog fines DTCC for derivatives repository failings

LONDON, March 31 (Reuters) - The European Union's markets watchdog has fined the U.S. DTCC Derivatives Repository Ltd (DDRL) 64,000 euros ($72,620) for failing to give regulators speedy access to...

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BRIEF-S&P revises Hong Kong sovereign credit outlook down to negative from stable; current rating is 'AAA'

* S&P revises Hong Kong sovereign credit outlook down to negative from stable; current rating is 'AAA'

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UPDATE 1-British current account deficit balloons, Osborne warns against EU "Brexit"

* Osborne warns of Brexit risks (Adds market reaction, comment from Osborne)

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Israeli real estate developer Gazit-Globe moves to profit in Q4

JERUSALEM, March 31 (Reuters) - Gazit-Globe, Israel's largest real estate development company, moved to a net profit in the fourth quarter, helped by a rise in rental income.

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GRAPHIC-Brazil leads first quarter's rebound in emerging markets

LONDON, March 30 (Reuters) - Emerging markets are set to end the first quarter of 2016 with strong gains, something few investors would have bet on in January, after the sector's worst start to a...

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JGBs end lower on profit-booking

TOKYO, March 31 (Reuters) - Japanese government bond prices skidded on Thursday as investors booked profits.

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Wednesday, March 30, 2016

China-led infrastructure bank eyes first loans to India

* Seeks more than $3 bln from multilateral lenders in 2016/17

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UPDATE 1-UK Stocks-Factors to watch on March 31

March 31 (Reuters) - Britain's FTSE 100 index is seen opening down 14 points, or 0.2 percent, on Thursday, according to financial bookmakers. Futures were down 0.4 percent at 0616 GMT, ahead of the...

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UPDATE 1-Argentine Senate approves deal to end debt dispute, re-enter markets

BUENOS AIRES, March 31 (Reuters) - Argentina's Senate gave the green light to a landmark deal to repay creditors holding defaulted debt in the early hours of Thursday, marking the end of a 14-year...

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UK Stocks-Factors to watch on March 31

March 31 (Reuters) - Britain's FTSE 100 index is seen opening down 14 points, or 0.2 percent, on Thursday, according to financial bookmakers. For more on the factors affecting European stocks, please...

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Unit of China's Guosen defaults on dim sum yuan bond - FT

HONG KONG, March 31 (Reuters) - A unit of China's Guosen Securities, one of the country's largest brokerages, has defaulted on a Hong Kong-traded yuan bond, the Financial Times reported on Thursday,...

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GLOBAL MARKETS-Asia stocks rise after Wall St gains, dollar sags

TOKYO, March 31 (Reuters) - Asian shares rose on Thursday, taking early cues from Wall Street gains overnight, as receding worries of near-term U.S. interest rate hikes continued to buoy risk...

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BRIEF-S&P-American Apparel 'D' ratings withdrawn because of insufficient post-bankruptcy information

* S&P -American Apparel Inc. 'D' ratings withdrawn because of insufficient post-bankruptcy information Source :(http://bit.ly/1RKuH6U) )

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BRIEF-Gran Colombia Gold qtrly loss per share $0.82

* Qtrly total gold production in q4 of 2015 was 30,050 ounces

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AIG mortgage insurance unit files for IPO of up to $100 mln

March 30 (Reuters) - AIG's mortgage insurance unit, United Guaranty Corp, filed for an initial public offering of up to $100 million with U.S. regulators, as part of a previously announced move to...

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BRIEF-Fitch says Court Decision on MetLife's SIFI Designation a Credit Neutral

* Says views federal court decision to strike down MetLife's designation as a non-bank SIFI as having no impact on ratings assigned to MetLife

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Eldorado Brasil hires Credit Suisse, BofA for bond debut -sources

NEW YORK/SAO PAULO, March 30 (Reuters) - Pulpmaker Eldorado Brasil SA has hired the investment-banking units of three international banks and a Brazilian lender to manage a debut global bond offering...

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BRIEF-Eagle Bulk reaches agreement with co's lenders and holders of about 75 pct of company's outstanding equity

* Has reached an agreement with company's lenders and holders of approximately 75% of company's outstanding equity

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LPC: Valeant pays up for flexibility

NEW YORK, March 30 (Reuters) - Valeant Pharmaceuticals International is offering to increase by 50 basis points the interest rate it pays to loan lenders if they agree to relax covenants and waive...

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MOVES-Citadel Securities hires White from Morgan Stanley

BOSTON, March 30 (Reuters) - Citadel Securities has hired Nicola White from Morgan Stanley as the market making group builds out its fixed income and credit trading capabilities.

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UPDATE 1-BlackRock planning to cut 400 jobs -source

March 30 (Reuters) - Global asset manager BlackRock Inc is planning to cut about 400 jobs, or 3 percent of its workforce, as it redirects resources to growth areas, a person familiar with the matter...

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BRIEF-Parkland Fuel announces filing of C$500 mln preliminary base shelf prospectus

* Parkland fuel corporation announces filing of C$500 million preliminary base shelf prospectus Source text for Eikon: Further company coverage:

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Fed won't have clarity on inflation rise until end-summer -Evans

NEW YORK, March 30 (Reuters) - The Federal Reserve should have more clarity by the end of the summer whether recent strength in U.S. inflation data is a lasting reality or merely a temporary blip due...

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UPDATE 1-Gundlach's DoubleLine trims emerging market debt exposure post-Fed rally

NEW YORK, March 30 (Reuters) - Jeffrey Gundlach's DoubleLine Capital scaled back exposure in emerging market debt as the sector extended its rally a day after Federal Reserve Chair Janet Yellen...

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BRIEF-Canada's Morneau: effects of lower C$ may take longer to show

* Canada Finance Minister Morneau: expected U.S. recovery remains a positive for Canada, "but only if it keeps growing"

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Evans urges caution on rates as buffer for U.S. economy

NEW YORK, March 30 (Reuters) - A "very shallow" series of interest rate hikes over the next few years is appropriate to buffer the U.S. economy from outside shocks and the risk of inflation slipping...

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Burger King France to sell Belgian Quick restaurants

PARIS, March 30 (Reuters) - Burger King France's owner has decided to put its Quick burger chain in Belgium and Luxembourg up for sale, a source close to the deal said on Wednesday.

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Canada's Morneau indicates foreign investment laws won't change

NEW YORK, March 30 (Reuters) - Canadian Finance Minister Bill Morneau on Tuesday indicated the new Liberal government would not relax regulations limiting foreign investment in sensitive sectors of...

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Argentine Senate set to OK debt deal, new bond issuance expected

BUENOS AIRES, March 30 (Reuters) - Argentina is expected to take a big step toward reentering the global financial system on Wednesday, with the Senate set to pass a landmark deal to repay creditors...

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TREASURIES-U.S. bond prices fall on supply, risk appetite

* Investors reduce bond holdings in favor of risk assets * U.S. to sell $27 billion 7-year notes * ADP jobs data support view of solid March payrolls report By Richard Leong NEW YORK, March 30...

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UPDATE 1-UK's Hammond: Russia a threat to everyone on world stage

TBILISI, March 30 (Reuters) - British Foreign Secretary Philip Hammond said on Wednesday that Russia represented a threat to all countries because of its disregard for international norms and he...

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BRIEF-Torchmark prices junior subordinated debentures offering

* Priced an offering of $300 million in aggregate principal amount of its 6.125% junior subordinated debentures that will mature in 2056

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UPDATE 1-Loss at Mexico's ICA quintuples to $615 mln in 4th-qtr

MEXICO CITY, March 30 (Reuters) - The net loss at Mexican construction company ICA widened in the fourth quarter to 10.591 billion pesos ($615 million), more than five times the loss in the same...

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TREASURIES-U.S. bond prices add losses after ADP jobs data

NEW YORK, March 30 (Reuters) - U.S. Treasury prices extended their declines on Wednesday with longer-dated maturities hitting session lows, as stronger-than-forecast private domestic jobs data in...

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BRIEF-Semafo signs $120 mln credit facility

* Facility is repayable in quarterly repayments of $15 million, from Q1 of 2019 to Q4 of 2020

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Bill Gross: Central banks 'running out of time' to reflate economies

NEW YORK, March 30 (Reuters) - Bond manager Bill Gross, who runs the Janus Global Unconstrained Bond Fund, said central banks are "running out of time" to reflate global economies as their aggressive...

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UPDATE 1-Valeant seeks waiver from lenders related to filing annual report

March 30 (Reuters) - Valeant Pharmaceuticals International Inc said it had asked its lenders to agree to waive a condition of its credit facility that would put it in breach of covenants if the...

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EXCO Resources says borrowing base cut by 13 pct to $325 mln

March 30 (Reuters) - EXCO Resources Inc said its lenders have cut its borrowing base by 13 percent to $325 million amid a slump in oil prices.

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BRIEF-Valeant Pharmaceuticals seeks to extend deadline for filing 10-K

March 30 (Reuters) - Valeant Pharmaceuticals International Inc

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ECB's Weidmann warns against Britain leaving EU

BERLIN, March 30 (Reuters) - Britain has profited from the European Union's internal market and the EU would lose an important voice for competition and free trade if it were to leave the bloc,...

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EMERGING MARKETS-Soothing sounds from the Fed restart emerging market rally

LONDON, March 30 (Reuters) - Emerging market stocks climbed to a four-month high and currencies from Malaysia to Mexico jumped on Wednesday, as soothing noises from the head of the U.S. Federal...

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GLOBAL MARKETS-Yellen comforts world stocks with cautious rate rise whispers

LONDON, March 30 (Reuters) - World stocks rose on Wednesday as markets pared back expectations for how fast and how far U.S. interest rates might rise this year, bruising the dollar and boosting...

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Lockheed Martin to sell 12 Hybrid Airships to UK-based firm

March 30 (Reuters) - Lockheed Martin said it signed a letter of intent on Wednesday to sell 12 of its Hybrid Airships to U.K.-based Straightline Aviation in a deal that could be valued at about $480...

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Russia's Mechel to hold shareholders' vote on debt on May 26

MOSCOW, March 30 (Reuters) - Indebted Russian coal and steel producer Mechel will hold a shareholders' vote in absentia on its debt restructuring on May 26, the company said in a regulatory filing on...

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Rating agency S&P chops euro zone forecasts

LONDON, March 30 (Reuters) - Rating agency Standard and Poor's cut its forecasts for euro zone economic growth and inflation on Wednesday, blaming the "nosedive" in financial conditions since the...

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JGBs edge up, taking cue from firmer Treasuries

TOKYO, March 30 (Reuters) - Japanese government bonds edged up on Wednesday, taking their cue from a rise in U.S. Treasuries after Federal Reserve chair Janet Yellen sounded a cautious tone on U.S....

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Tuesday, March 29, 2016

Wells Fargo plans quiet assault on Wall Street from glass tower

NEW YORK, March 30 (Reuters) - As Wall Street remakes itself on a former rail yard in the far west of Midtown Manhattan, one surprising name is leading the way.

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PRESS DIGEST- New York Times business news - March 30

March 30 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

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PRESS DIGEST - Wall Street Journal - March 30

March 30 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

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GLOBAL MARKETS-Shares and bonds rally, dollar off as Yellen strikes cautious stance

SYDNEY, March 30 (Reuters) - Asian shares gained on Wednesday as markets scaled back expectations for how fast and far U.S. interest rates might rise this year, bruising the dollar and boosting...

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BRIEF-American apparel names former Liz Claiborne CEO as new chairman - Bloomberg

* Paul Charron, who ran Claiborne until 2006, will be one of three new directors at American Apparel- Bloomberg, citing letter sent to wholesale customers

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American Apparel names former Liz Claiborne head as chairman

March 29 (Reuters) - Teen apparel retailer American Apparel Llc has named the former head of handbag retailer Liz Claiborne Inc as chairman of its new board of directors, according to a letter to the...

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New York mulls two-tier minimum wage in push for $15/hr

NEW YORK, March 29 (Reuters) - Officials negotiating New York's budget are considering capping the minimum wage in less affluent regions so they can raise it to $15 per hour in wealthier areas like...

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UPDATE 1-Music streaming company Spotify raises $1 bln in convertible debt

March 29 (Reuters) - Spotify has raised $1 billion in convertible debt from private equity firm TPG Capital and hedge fund Dragoneer Investment Group, a spokeswoman for the music streaming service...

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Music streaming company Spotify raises $1 bln in convertible debt

March 29 (Reuters) - Spotify has raised $1 billion in convertible debt from private equity firm TPG Capital and hedge fund Dragoneer Investment Group, a spokeswoman for the music streaming service...

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UPDATE 1-Scranton, Pennsylvania to sell sewer utility for $195 mln

March 29 (Reuters) - The financially distressed city of Scranton, Pennsylvania, will soon sell its public sewer utility to a subsidiary of American Water Works Company Inc. for $195 million, a city...

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GLOBAL MARKETS-Dollar slides after Yellen speech; S&P at 2016 high

* Oil recovers slightly as U.S. stockpile up less than forecast

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UPDATE 2-Brazil's biggest party quits coalition, Rousseff isolated

BRASILIA, March 29 (Reuters) - Brazil's largest party announced on Tuesday it was leaving President Dilma Rousseff's governing coalition and pulling its members from her government, a departure that...

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Iraq GDP down 2.1 pct in 2015, reserves drop to $54 bln -IMF

BAGHDAD, March 29 (Reuters) - Iraq's economic growth contracted by 2.1 percent in 2015 and its current account widened, depleting the major OPEC producer's foreign reserves by $13 billion to $54...

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TREASURIES-U.S. bonds rally as Yellen sticks to dovish script

* U.S. 2-year, 5-year yields fall to four-week lows * Market rally curbs demand at $34 bln five-year note auction * U.S. home price data falls short, consumer confidence upbeat (Updates market action...

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UPDATE 1-Brazil's Barbosa says tax breaks not the fix for growth

BRASILIA, March 29 (Reuters) - Brazilian Finance Minister Nelson Barbosa said on Tuesday it is not the time for more tax breaks, disagreeing publicly with former president Luiz Inacio Lula da Silva's...

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UPDATE 1-Fed should proceed "cautiously" given global risks, Yellen says

NEW YORK, March 29 (Reuters) - Federal Reserve Chair Janet Yellen said on Tuesday the U.S. central bank should proceed "cautiously" as it looks to raise interest rates again, because inflation has...

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MOVES-UBS hires asset management banker Hershberger from Credit Suisse

March 29 (Reuters) - UBS Group AG has named Joseph Hershberger a vice chairman in its financial institutions group, where he will focus on global asset management efforts, according to a memo seen by...

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Bidding at U.S. 1-year bill sale lowest since 2009

NEW YORK, March 29 (Reuters) - The U.S. Treasury Department said on Tuesday it sold $20 billion of one-year bills to the weakest overall demand since December 2009, Treasury data showed.

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UPDATE 1-Brazil lending falls as defaults stay at five-year high

BRASILIA/SAO PAULO, March 29 (Reuters) - Commercial banks in Brazil pared back lending in February for a second straight month, a report showed on Tuesday, as private-sector lenders kept slowing...

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BRIEF-Torchmark commenced public offering of junior subordinated debentures due 2056

* Commenced a public offering of its junior subordinated debentures due 2056

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Court again dismisses creditors' case from Tribune Co bankruptcy

March 29 (Reuters) - A U.S. appeals court dismissed a closely watched creditor lawsuit on Tuesday that stemmed from the 2008 bankruptcy of Tribune Co, a day after it took the unusual step of...

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BRIEF-Atwood Oceanics announces amendment to credit facility

* Co and units entered into an amendment to senior secured revolving credit facility

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CANADA FX DEBT-C$ strengthens despite drop in oil prices

* Canadian dollar at C$1.3172, or 75.92 U.S. cents * Bond prices higher across the maturity curve TORONTO, March 29 (Reuters) - The Canadian dollar strengthened to a six-day high against its U.S....

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UPDATE 3-SunEdison at risk of bankruptcy, unit says; Shares plummet

* SunEdison, TerraForm Power have already delayed annual reports

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BRIEF-Aircastle increases revolving credit facility to $675 mln

* Aircastle announces increase of revolving credit facility to $675 million and extension to May 2020

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BRIEF-T-Mobile USA files for senior notes offering of up to $1.0 bln

* Files for senior notes offering of up to $1.0 billion - sec filing Source text : http://1.usa.gov/1PCZIVW Further company coverage: (Bengaluru Newsroom; +1 646 223 8780)

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EMERGING MARKETS-Pre-Yellen jitters hit emerging currencies; c.Europe stocks rise

LONDON, March 29 (Reuters) - Emerging European shares mostly rose on Tuesday, tracking gains on Western bourses and shrugging off earlier weakness in Asian markets, though a firmer dollar kept the...

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SunEdison at risk of bankruptcy, unit says

March 29 (Reuters) - U.S. solar company SunEdison Inc unit TerraForm Global Inc said on Tuesday there was "substantial risk" that SunEdison would soon seek bankruptcy protection.

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GLOBAL MARKETS-Europe shares, dollar gain as investors look to Yellen

* Europe shares rise as markets reopen after Easter, Asia slips

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UPDATE 1-Japan FY2016 budget clears parliament, more fiscal stimulus to follow

* Abe mulls another sales tax hike delay, extra stimulus budget

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Russia c.bank: economy adapts to external conditions in Q1

MOSCOW, March 29 (Reuters) - The Russian economy adapted better to falling oil prices in the first quarter than it did last year, the central bank said on Tuesday.

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BRIEF-Japan parliament approves budget for fiscal 2016

* Japan parliament approves budget for fiscal 2016 Further coverage: (Reporting By Tetsushi Kajimoto)

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Emerging market March inflows rise to 21-mth highs - IIF

LONDON, March 29 (Reuters) - Foreigners are estimated to have pumped $36.8 billion into emerging market stocks and bonds in March, the highest monthly inflow in nearly two years, the Institute of...

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RPT - Fist-bump austerity exposes strains on Finland's consensus model

HELSINKI, March 28 (Reuters) - If one fist bump could endanger Finland's increasingly stressed tradition of consensus politics, then Prime Minister Juha Sipila and a cabinet colleague may just have...

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UPDATE 1-Saudi c.bank net foreign assets fall 1.7 pct m/m in Feb

DUBAI, March 29 (Reuters) - Net foreign assets at Saudi Arabia's central bank dropped 1.7 percent from the previous month to 2.19 trillion riyals ($584 billion) in February, central bank data showed...

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Monday, March 28, 2016

JGBs dip as investors tweak bond holdings before fiscal year-end

TOKYO, March 29 (Reuters) - Japanese government bond prices edged down on Tuesday as investors tweaked their debt holdings ahead of the fiscal year-end, generating some selling.

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GLOBAL MARKETS-Asian shares slump as Yellen awaited

* Downbeat U.S. data quells near term Fed rate hike expectations

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Japan FY2016 budget to clear parliament, more fiscal stimulus to follow

* Abe mulls another sales tax hike delay, extra stimulus budget

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UPDATE 2-Brazil party set to abandon Rousseff, making impeachment more likely

BRASILIA, March 28 (Reuters) - Brazil's largest party will decide on Tuesday to break away from President Dilma Rousseff's floundering coalition, party leaders said, sharply raising the odds that the...

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UPDATE 2-Origin withdraws offer to buy Affymetrix

March 28 (Reuters) - Origin Technologies Corp, owned by Affymetrix Inc's former employees, withdrew its offer to buy the gene-sequencing products maker, hours after Affymetrix said on Monday that...

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UPDATE 1-Sears CEO Lampert buys some of company's debt -sources

March 28 (Reuters) - Sears Holdings Corp Chief Executive Eddie Lampert has acquired a portion of the company's new $750 million loan in his latest bet on the parent of Sears department stores and...

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UPDATE 1-U.S. court strikes down Puerto Rico tax on Wal-Mart

March 28 (Reuters) - A U.S. district court judge on Monday struck down a tax levied by Puerto Rico on retailer Wal-Mart Stores, dealing a blow to the debt-laden U.S. territory's efforts to shore up...

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BRIEF-Moody's affirms North Dakota's AA1 issuer rating, revises outlook to negative

* Moody's affirms North Dakota's aa1 issuer rating, revises outlook to negative

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UPDATE 1-Fitch cuts Chicago credit rating in wake of pension ruling

CHICAGO, March 28 (Reuters) - Fitch Ratings on Monday downgraded Chicago's credit rating closer to "junk," citing last week's state Supreme Court ruling that voided a law aimed at boosting funding...

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BRIEF-Liquidity Services says terminated financing and security agreement between co and Bank Of America, N.A

* Says terminated financing and security agreement dated April 30, 2010, as amended, between co and Bank Of America, N.A

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GLOBAL MARKETS-Stocks rise, dollar falls as odds wane for near-term rate hike

* Investors to focus on Yellen, Fed speakers (Updates prices, data; adds quote)

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BRIEF-HD Supply announces pricing of senior notes offering

* HD Supply holdings inc says unit priced $1 billion aggregate principal amount of 5.75% senior notes due 2024 Source text for Eikon: Further company coverage: [ ] (Bengaluru Newsroom:...

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TREASURIES-U.S. yields slip on light trade; 2-year sale mediocre

* Analysts await Fed Chair Yellen's view on U.S. rate hikes * Bid-to-cover ratio at 2-year note sale lowest since 2008 * U.S. consumer data in February weaker-than-forecast * Trading volume light...

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BRIEF-Quest Diagnostics announces pricing of cash tender offers for up to $200 mln

* Quest Diagnostics announces pricing of cash tender offers for up to $200 million combined aggregate principal amount of certain of its outstanding notes

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UPDATE 2-Japan's NTT Data agrees to buy Dell's IT services unit for $3 bln

* Deal helps Dell trim debt, fund pending acquisition of EMC (Adds Breakingviews link)

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BRIEF-Plaza hotel auction canceled after lenders grant an extension- Bloomberg, citing source

* Plaza hotel auction canceled after lenders grant an extension- Bloomberg, citing source

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GLOBAL MARKETS-Dollar dips, Wall St edges up after U.S. data casts doubt on Fed moves

* Investors to focus on Yellen, Fed speakers (Updates prices, data)

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Ruling withdrawn in closely watched Tribune Co clawback case

March 28 (Reuters) - A U.S. appeals court withdrew an opinion on Monday that it said was filed in error four days earlier in a closely watched case stemming from the 2008 bankruptcy of the media...

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Fitch cuts Chicago's credit rating in wake of pension ruling

CHICAGO, March 28 (Reuters) - Fitch Ratings on Monday downgraded Chicago's credit rating two notches to BBB-minus, citing last week's Illinois Supreme Court ruling voiding a law aimed at boosting...

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UPDATE 1-Deutsche Bank, JP Morgan team up for US$818m CMBS deal

NEW YORK, March 28 (IFR) - Deutsche Bank and JP Morgan have teamed up for the first time since the crisis to underwrite a conduit commercial mortgage bond by themselves, according to investors and...

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UPDATE 1-Atlanta Fed sees Q1 U.S. GDP growth of less than 1 pct

NEW YORK, March 28 (Reuters) - The U.S. economy is growing at a pace below 1 percent in the first quarter following data that showed sluggish consumer spending and a large trade gap in February, the...

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EMERGING MARKETS-Brazil stocks, currency jump on PMDB defection prospects

By Bruno Federowski SAO PAULO, March 28 (Reuters) - Brazil's stocks and currency rose on Monday on prospects that the biggest party in the government coalition was about to defect, weakening...

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BRIEF-HD Supply Holdings unit to commence private offering of $1 bln senior notes due 2024

* HD Supply Inc intends to commence private offering of $1 billion senior notes due 2024

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Brazil could sell global bonds again this year -official

BRASILIA, March 28 (Reuters) - The Brazilian government could issue global bonds again this year if market conditions allow it, the treasury's interim debt coordinator Leandro Secunho said on Monday.

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UPDATE 1-Pandora founder Westergren comes back as CEO

March 28 (Reuters) - Online music streaming service Pandora Media Inc appointed founder Tim Westergren as its chief executive officer to replace Brian McAndrews.

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WRAPUP 1-U.S. consumer spending tepid, inflation moderates

WASHINGTON, March 28 (Reuters) - U.S. consumer spending rose marginally in February and overall inflation retreated, suggesting the Federal Reserve could take its time in raising interest rates this...

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U.S. fed funds rate remains at 0.37 pct

NEW YORK, March 28 (Reuters) - The U.S. interest rate that the Federal Reserve targets to conduct its monetary policy remained at 0.37 percent for a ninth day on Friday, according to Fed data...

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BRIEF-Trina Solar launches operations at Thailand manufacturing facility

* Signs a $143 million syndicated financing facilities agreement

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BRIEF-Cameron expresses no opinion on debt tender offer by Schlumberger Holdings

* Cameron expresses no opinion on debt tender offer by Schlumberger Holdings Corporation

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BRIEF-Southcross Holdings LP files prepackaged reorganization plan

* Southcross Holdings LP files prepackaged reorganization plan; Southcross Energy Partners, L.P. (nyse:sxe) not included

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BRIEF-CPI Aerostructures enters into $40 mln secured credit facility

* CPI Aerostructures enters into $40 million secured credit facility

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UPDATE 1-China's Shenzhen raises property deposit thresholds - Xinhua

* Raises mortgage downpayment requirement for some home buyers

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Russian cenbank to suspend 12-month forex repo auctions from April 1

MOSCOW, March 28 (Reuters) - Russia's central bank said on Monday it will suspend 12-month foreign currency repurchase agreement (repo) auctions from April 1 due to a lack of interest from Russian...

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Fist-bump austerity exposes strains on Finland's consensus model

HELSINKI, March 28 (Reuters) - If one fist bump could endanger Finland's increasingly stressed tradition of consensus politics, then Prime Minister Juha Sipila and a cabinet colleague may just have...

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Sunday, March 27, 2016

BRIEF-Southcross Holdings LP files for chapter 11 bankruptcy - court documents

March 28 (Reuters) - Southcross Holdings Lp Files For Chapter 11 Bankruptcy

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JGBs edge down in quiet trade ahead of fiscal year-end

TOKYO, March 28 (Reuters) - Japanese government bonds edged down on Monday, taking their cue from firmer stocks ahead of the end of Japan's fiscal year.

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Dell nears sale of IT services unit to Japan's NTT Data -sources



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GLOBAL MARKETS-Asian shares, dollar firm; eyes on U.S. data, Fed

TOKYO, March 28 (Reuters) - The dollar remained firm and Asian stocks edged higher on Monday after fairly strong consumer spending led to an upward revision in U.S. economic growth in the fourth...

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China's Shenzhen raises property deposit thresholds - Xinhua

SHANGHAI, March 28 (Reuters) - The southern Chinese city of Shenzhen has raised deposit requirements for some home buyers, the latest in a series of measures being introduced across the country to...

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UPDATE 1-Spain's Abengoa wins backing from creditors to avoid bankruptcy

* Judge could allow an extra 7 months to seal restructuring (Adds details, background)

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Spain's Abengoa wins backing from 75 pct of creditors to restructure debt - doc

MADRID, March 27 (Reuters) - Spanish energy firm Abengoa has won the backing of around 75 percent of its creditors to restructure its high debt and seek more time from a court for talks aimed at...

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California lawmakers, unions reach $15 minimum wage deal - papers

SACRAMENTO, Calif., March 27 (Reuters) - California lawmakers and union leaders have reached a tentative deal to raise the state's minimum wage to $15 over six years that could avert a campaign to...

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Canada's finance minister sees balanced budget in about 5 years

TORONTO, March 27 (Reuters) - Canada's Liberal government believes the federal budget will be balanced in "about" five years due to higher growth spurred by deficit spending, Finance Minister Bill...

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UPDATE 2-U.S. court to hear Argentine debt injunction appeal on April 13

NEW YORK, March 26 (Reuters) - A U.S. appeals court will hold a hearing on April 13 to analyze the possible lifting of injunctions that have restricted Argentina from paying off some of its debts,...

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Leviathan partners urge Israel govt to resolve regulatory uncertainty

JERUSALEM, March 27 (Reuters) - Partners in Israel's offshore Leviathan natural gas field called on the government to quickly resolve the regulatory uncertainty that remains after the Supreme Court...

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Saturday, March 26, 2016

BRIEF-Aramark extends exchange offer for 5.125% senior notes due 2024

* Says sion of offer to exchange up to $400 million of 5.125% senior notes due 2024 to march 30, 2016 , unless further extended

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Friday, March 25, 2016

Right-to-sue debate may fracture Puerto Rico rescue talks in U.S.

WASHINGTON, March 25 (Reuters) - Congress will soon decide whether to shield cash-strapped Puerto Rico from investor lawsuits while the island maps a plan to resolve its financial crisis - an...

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BRIEF-Solazyme enters note exchange agreements with some holders of its 6 pct convertible senior subordinated notes due 2018

* Co entered into note exchange agreements with certain holders of co's 6.00% convertible senior subordinated notes due 2018

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BRIEF-Liberty Broadband says its unit entered into two margin loan agreements

* New margin loan agreements permit unit to borrow term loans up to to $300 million, of which it borrowed $200 million on march 24

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BRIEF-DuPont says entered into three-year, senior unsecured $4.5 billion term credit agreement with JP Morgan, other lenders party

* Year, senior unsecured $4.5 billion term credit agreement with jpmorgan chase bank, other lenders party Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)

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BRIEF-Fitch says Pershing Square's ratings not yet impacted by Valeant decline

* Pershing Square Holdings' 'BBB+' ratings not yet impacted by valeant decline

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BRIEF-S&P lowers Republic Of Congo's long-term ratings to 'B-'

* Republic of Congo long-term ratings lowered to 'B-' on rising external and fiscal vulnerabilities; outlook stable

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BRIEF-S&P affirms Kyrgyz Republic 'B/B' ratings

* Kyrgyz Republic 'B/B' ratings affirmed; outlook stable Source text: http://bit.ly/1Rqf02q

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Poland could cut KGHM's 2016 mining tax -RMF radio report

WARSAW, March 25 (Reuters) - Poland's Finance Ministry could lower to 1 billion zlotys ($262.2 million) the mining tax paid almost solely by state-controlled copper producer KGHM, local radio station...

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BRIEF-S&P- - Dover, New Jersey's GO debt rating raised to 'AA-' on improved financial position

* Dover, new jersey's go debt rating raised to 'AA-' on improved financial position Source text (http://bit.ly/1UpKVWL) Further company coverage:

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UPDATE 1-Kazakhstan replaces energy minister as oil output falls

ALMATY, March 25 (Reuters) - Kazakhstan named Kanat Bozumbayev, a former head of the country's power grid, as its new energy minister on Friday, as the second-largest oil producer in the former...

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Kazakhstan's energy minister Shkolnik dismissed

ALMATY, March 25 (Reuters) - Kazakh President Nursultan Nazarbayev has dismissed Energy Minister Vladimir Shkolnik, the president's office said in a statement.

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CORRECTED-Kerry arrives in Brussels to offer help after bombings

BRUSSELS, March 25 (Reuters) - U.S. Secretary of State John Kerry arrived in Brussels on Friday to show solidarity and offer U.S. assistance after Tuesday's Islamic State-claimed bombings which...

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Turkish central bank says took 'measured' step towards simplifying policy

ANKARA, March 25 (Reuters) - The Turkish Central Bank said on Friday it decided to take a "measured" step towards policy simplification at its meeting this week, given the easing in global volatility...

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JGBs steady, underpinned by solid 2-year auction

TOKYO, March 25 (Reuters) - Japanese government bond prices were steady on Friday, shrugging off an overnight drop in U.S. Treasuries, after solid two-year auction results underscored persistently...

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Delta Air Lines in agreement to settle lawsuit against Republic

March 24 (Reuters) - Delta Air Lines Inc has agreed to settle a lawsuit that accused Republic Airways Holdings Inc of breaching a contract to operate flights for Delta, Republic said in a news...

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Thursday, March 24, 2016

California universities to sell $1.4 bln muni bonds next week

NEW YORK, March 24 (Reuters) - The Trustees of the California State University next week will issue $1.4 billion of systemwide revenue bonds, the week's largest deal on a $6.8 billion calendar of...

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UPDATE 1-U.S.-based emerging-market funds attract most money in 3 years

(Recasts throughout; adds details on mutual fund and ETF flows, byline, table) By Trevor Hunnicutt NEW YORK, March 24 (Reuters) - Investors showed fresh willingness to buy risky financial assets in...

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New York's transportation hub gets massive $22 billion boost

NEW YORK, March 24 (Reuters) - The New York City metro area took a giant step toward revitalizing its crumbling capacity-strained transport hubs on Thursday as a major bistate agency authorized up to...

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BRIEF-Wesco Aircraft Holdings co and units entered third amendment to credit agreement

* Amendment reduces maximum amount permitted to be incurred under a cash-capped incremental facility from $150 million to $100 million Source text for Eikon: Further company coverage: (Bengaluru...

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DALCOMP NEGOTIATED CALENDAR

March 24 - IN ORDER TO ENSURE THAT WE HAVE TIME TO ENTER ALL NEW ISSUE INFORMATION, DALCOMP ASKS THAT FIRMS CALL US AT 212-404-8107 OR USE OUR FAX 212-404-8153 TO INFORM US UPCOMING ISSUES. WE WILL...

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Lipper fund flows IG US$1.344bn inflow; HY US$2.156bn inflow

NEW YORK, March 24 (IFR) - For the week ended March 23, Lipper US Fund Flows reported the following fund flows.

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UPDATE 1-CBO charts federal subsidies for U.S. health insurance coverage

WASHINGTON, March 24 (Reuters) - U.S. taxpayers will fork over $660 billion this year to subsidize health insurance for people under 65, the vast majority of whom have coverage through their...

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BRIEF-Moody's says Pennsylvania's FY 2016 budget is a short reprieve doesn't solve long-term challenges

* Pennsylvania's FY 2016 budget is a short reprieve; doesn't solve long-term challenges

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BRIEF-S&P says Pennsylvania debt ratings affirmed and off creditwatch after budget impasse ends

* Pennsylvania debt ratings affirmed and off creditwatch after budget impasse ends; outlook negative

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Brazil power regulator to approve generator debt plan -sources

SAO PAULO/BRASILIA, March 24 (Reuters) - Brazil's electricity regulator Aneel is expected to approve on Tuesday a plan for power generators to repay debt to state-run oil firm Petrobras and other...

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BRIEF-Colibri announces extension to its financing

* Has obtained an extension to close its non-brokered private placement financing to raise gross proceeds of up to $80,000

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BRIEF-S&P revises New Jersey qualified bond act program rating outlook to negative

* New Jersey qualified bond act program rating outlook revised to negative following state outlook revision

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BRIEF-S&P says New Jersey Fund For Support Of Free Public Schools Program rating outlook revised to negative on state outlook revision

* New Jersey Fund For Support Of Free Public Schools Program rating outlook revised to negative on state outlook revision

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UPDATE 1-Basel further reins in banks' use of capital models

* Basel says changes won't significantly bump up capital (Adds derivatives industry reaction)

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GLOBAL MARKETS-Dollar strength hurts stocks, oil price

* Drop in oil and commodities hits risk sentiment, stocks (Adds close of European markets)

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Court bars Tribune Co creditors from unwinding 2007 buyout

WILMINGTON, Del, March 24 (Reuters) - A U.S. Appeals Court has ruled that creditors of the Tribune Co cannot claw back the $8 billion paid to the multimedia company's public shareholders nearly a...

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UPDATE 2-Illinois high court strikes down Chicago pension reform

CHICAGO, March 24 (Reuters) - The Illinois Supreme Court on Thursday delivered a fiscally jolting but not surprising hit to Chicago by invalidating a 2014 state law aimed at boosting the sinking...

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Surge in fund inflows drives junk bond issuance

NEW YORK, March 24 (IFR) - The US high-yield bond market has just closed out its busiest week for supply so far this year, as issuers took advantage of cash pouring back into the asset class to...

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Michigan Senate approves emergency funds for Detroit schools

March 24 (Reuters) - The Michigan Senate approved on Thursday a $48.7 million emergency spending package aiming to keep the cash-strapped Detroit public schools open in April.

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Sao Tome and Principe to see 2016 GDP growth of 5 pct - IMF

ABIDJAN, March 24 (Reuters) - Sao Tome and Principe's economy will grow by five percent this year, up from four percent last year, the International Monetary Fund said in a statement on Thursday...

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LPC: Investor demand revives U.S. leveraged loan refinancing

NEW YORK, March 24 (Reuters) - U.S. companies including payment technology firm First Data Corp and electricity generator Atlantic Power Corp are starting to refinance leveraged loans in a sign that...

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U.S. fed funds rate stays at 0.37 pct

NEW YORK, March 24 (Reuters) - The U.S. interest rate that the Federal Reserve targets to conduct its monetary policy remained at 0.37 percent for a seventh day on Wednesday, according to Fed data...

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Inflation finally headed up, though Fed's Bullard watchful

NEW YORK, March 24 (Reuters) - The U.S. economy is at last seeing inflation measures headed higher, though the "jury is out" as to whether one-time special factors boosted readings in the first...

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EU financial regulatory machine sputters as crisis-era urgency wanes

LONDON, March 24 (Reuters) - An engineered slowdown in European Union financial rulemaking has turned into outright stalling in parts, holding back reforms to boost growth and leaving banks unclear...

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Starboard launches proxy fight to remove Yahoo board

March 24 (Reuters) - Activist hedge fund Starboard Value LP, an investor in Yahoo Inc, said it was seeking to remove the entire board of the struggling Internet company.

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GLOBAL MARKETS-Dollar rise hits commodities as Fed talks of tightening

LONDON, March 24 (Reuters) - The dollar was on its best run in almost a year on Thursday, pressuring commodities and shares after yet another Federal Reserve official talked up the chance of more...

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EMERGING MARKETS-Stocks, currencies end week on sour note on strong dollar

LONDON, March 24 (Reuters) - Emerging stocks stumbled lower on Thursday and looked likely to end the week on losses after rising for three weeks in a row, while currencies were pressured by dollar...

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Japan lease company become first issuer of commercial paper with negative yield

TOKYO, March 24 (Reuters) - Japan hit a new milestone in its experiment with negative interest rates after a leasing company issued commercial paper with a negative yield.

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Oil price drop sends euro zone bond yields lower

LONDON, March 24 (Reuters) - Euro zone government bond yields fell on Thursday following a drop in oil prices that pinned long-term inflation expectations near three-week lows.

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DEALTALK-More Wall Street banks, investors help write blank checks

March 24 (Reuters) - An obscure corner of the U.S. IPO market is getting a new lease on life as more Wall Street banks and institutional investors turn to blank-check acquisition vehicles, once the...

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JGBs slip as BOJ buys fewer long bonds

TOKYO, March 24 (Reuters) - Japanese government bond prices slipped on Thursday, with the superlong zone underperforming after the Bank of Japan bought fewer than expected longer bonds in its...

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Wednesday, March 23, 2016

Homeownership increasingly difficult for average Americans - report

NEW YORK, March 24 (Reuters) - Home prices are rising faster than wages in most of the United States, making homeownership increasingly difficult for average Americans in some of the most populous...

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BRIEF-iStar announces pricing of $275 mln unsecured senior notes

* Istar announces pricing of $275 million unsecured senior notes

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GLOBAL MARKETS-Dollar rally batters commodities as Fed talks of tightening

SYDNEY, March 24 (Reuters) - The dollar rose for a fifth straight session on Thursday, pressuring commodities and Asian share markets after yet another Federal Reserve official talked up the chances...

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The irony of negative rates: Japanese investors flock to Europe & vice-versa

TOKYO, March 24 (Reuters) - Disenchanted by the negative returns at home, Japanese investors are pumping historically high volumes of cash into overseas markets, with most of it paradoxically going...

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Corporate China grubbing for cash as liquidity tightens

* Chinese firms take 170 days to turn working capital to cash

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BRIEF-BancorpSouth files for mixed shelf of up to $675 mln

* Files for mixed shelf of up to $675 million - sec filing Source text: Further company coverage: (Bengaluru Newsroom +91 80 6749-1130; within U.S. +1 646 223 8780)

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Oklahoma City Public Schools District announces teacher layoffs

March 23 (Reuters) - The Oklahoma City Public Schools District will eliminate 208 classroom teaching positions to help grapple with a $30 million revenue shortfall, the district's top official said...

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EMERGING MARKETS-Brazil currency leads Latam losses on political woes

(Adds other markets, updates prices) By Bruno Federowski SAO PAULO, March 23 (Reuters) - Brazil's currency led losses in Latin American markets on Wednesday on concerns that a political crisis...

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Brazil to ask Congress for more flexible fiscal goals

SAO PAULO, March 23 (Reuters) - Brazilian President Dilma Rousseff's administration, facing the threat of impeachment and struggling with the worst recession in decades, plans to ask Congress to...

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UPDATE 2-Pennsylvania budget to go into effect, ending long stalemate

March 23 (Reuters) - Pennsylvania Governor Tom Wolf, a Democrat, said on Wednesday he would allow a Republican budget bill for fiscal 2016 to become law without his signature, ending nine months of...

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Goldman Sachs' head U.S. inflation trader put on leave-WSJ

NEW YORK, March 23 (Reuters) - Goldman Sachs Group Inc has put Josh Schiffrin, its head of U.S. inflation trading, on leave while it reviews certain trades, the Wall Street Journal reported on...

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Credit Suisse cuts show decline of the European bank trading floor

LONDON, March 23 (Reuters) - Credit Suisse's announcement on Wednesday that it will lay off thousands more employees from its trading operations shows how much ground Europe's big banks are losing to...

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EMERGING MARKETS-Brazil stocks, currency lead Latam losses on political woes

By Bruno Federowski SAO PAULO, March 23 (Reuters) - Brazilian stocks and currency led widespread losses in Latin American markets on concerns that a political crisis threatening Brazil President...

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Brazil's BNDES provides $136 mln to fight Zika, related illnesses

BRASILIA, March 23 (Reuters) - Brazil's National Development Bank will provide 500 million reais ($136.6 million) in funding to fight mosquito-borne illnesses, including the Zika virus, the bank said...

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WRAPUP 1-U.S. new home sales rise on strong gains in the West

WASHINGTON, March 23 (Reuters) - New U.S. single-family home sales rebounded in February, but the increase was concentrated in one region, which could suggest a loss of momentum in the housing market...

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Hungary's rate cut has no impact on Polish c.bank decisions-Gatnar

WARSAW, March 23 (Reuters) - Hungary's decision to cut interest rates will not influence decisions of the Polish Monetary Policy Council (MPC), newly-appointed Polish rate-setter Eugeniusz Gatnar...

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Italy govt wins confidence vote on bid to bolster battered banks

ROME, March 23 (Reuters) - Italy's government won a confidence vote on Wednesday on a decree aimed at helping the country's feeble banking system, including state-backed guarantees to help sell bad...

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U.S. new home sales rebound in February

WASHINGTON, March 23 (Reuters) - U.S. single-family home sales rebounded in February, but the gain was concentrated in one region, which could suggest a loss of momentum in the housing market.

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UPDATE 1-On South China Sea islet, Taiwan argues Philippines case is far from watertight

ITU ABA, South China Sea, March 23 (Reuters) - On Itu Aba, in the Spratly archipelago of the South China Sea, Taiwanese coast guard officials proudly haul a small wooden bucket of water from one of...

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BRIEF-Istar launches offering of $250 mln unsecured senior notes

* Launched an offering, subject to market and other conditions, of $250 mln aggregate principal amount of senior unsecured notes due 2021

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GLOBAL MARKETS-Fed speak pushes dollar higher, Europe shares in black

LONDON, March 23 (Reuters) - The dollar crept towards its strongest week in a month on Wednesday as markets rethought the outlook for U.S. interest rates after a series of Fed officials encouraged...

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BRIEF-Centric Health says it extended its revolving credit facility for 2 year term expiring March 22, 2018

* Says extended company's revolving credit facility for a two-year term expiring march 22, 2018

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EU Commission seeks emergency meeting in coming days to discuss security

BRUSSELS, March 23 (Reuters) - European Migration Commissioner Dimitris Avramopoulos said on Wednesday he expected an emergency meeting of EU interior ministers to discuss the security situation in...

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GLOBAL MARKETS-Europe recovers from Brussels-driven losses

LONDON, March 23 (Reuters) - European stock markets bounced back on Wednesday from the concerns over security that have dominated the past 24 hours, helped by a handful of more positive signals on...

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BRIEF-Cellular Biomedicine Group files for mixed shelf of up to $150.0 million - SEC filing

* In addition, files for resale of up to 3.8 million shares of common stock by the selling stockholders Source text for Eikon: [ID:1.usa.gov/22vurRu ] Further company coverage: (Bengaluru Newsroom:...

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Poland may raise stake in copper miner KGHM- report

WARSAW, March 23 (Reuters) - Poland may consider increasing its stake in copper producer KGHM to around 40 percent from the current 31.8 percent if it has the funds, the country's treasury minister...

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On South China Sea islet, Taiwan argues Philippines case is far from watertight

ITU ABA, South China Sea, March 23 (Reuters) - On Itu Aba, in the Spratly archipelago of the South China Sea, Taiwanese coast guard officials proudly haul a small wooden bucket of water from one of...

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Tuesday, March 22, 2016

GLOBAL MARKETS-Asian shares resilient as economic optimism offsets terrorism concerns

* U.S. bond yield rises after Fed official's bullish comments

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PRESS DIGEST- New York Times business news - March 23

March 23 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

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Emerald Oil files for Chapter 11 bankruptcy protection

March 22 (Reuters) - Emerald Oil Inc filed for Chapter 11 bankruptcy protection on Tuesday, a month after the oil explorer and producer warned that it could go bankrupt as it remained in default with...

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UPDATE 5-Odebrecht cooperates with Brazil probe after bribe scheme exposed

SAO PAULO, March 22 (Reuters) - Grupo Odebrecht SA , the engineering firm at the heart of Brazil's biggest ever graft probe, on Tuesday agreed to cooperate with prosecutors, in a move likely to send...

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BRIEF-Twin Butte says uncertainty surrounding ability to continue as going concern

* Within context of ongoing strategic alternatives process, there is uncertainty surrounding company's ability to continue as a going concern

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UPDATE 1-New York lawmakers end last statewide ban on mixed martial arts

ALBANY, N.Y., March 21 (Reuters) - New York's state assembly on Tuesday overwhelmingly voted to legalize mixed martial arts fights, effectively ending the last remaining statewide ban on the combat...

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Fed's power limited over long-term U.S. growth -Harker

NEW YORK, March 22 (Reuters) - The Federal Reserve has very limited power to boost growth prospects for the U.S. economy, which will likely grow at only subdued levels over the next few years, a top...

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Mounting debts could derail China plans to cut steel, coal glut

* China to cut capacity in coal, steel, nonferrous metals, cement

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S&P revises New Jersey outlook down to negative ahead of state bond sale

March 22 (Reuters) - Standard & Poor's Ratings Services revised its outlook on New Jersey debt to negative from stable on Tuesday because of public pension problems, the day before the state's next...

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UPDATE 2-U.S. state, local government tax haul rises to $389.2 bln in Q4

March 22 (Reuters) - U.S. state and local government tax revenues rose to $389.2 billion in the fourth quarter of 2015, up 4.2 percent over the same quarter the previous year, according to data from...

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BRIEF-S&P revises New Jersey outlook to negative from stable

* New Jersey outlook revised to negative from stable on continued pension pressures

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BRIEF-Level 3 communications, unit enter indenture with BNY Mellon Trust

* Co and unit entered into indenture with bank of new york mellon trust

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BRIEF-Celator says intends to offer and sell shares of common stock

* Intends to offer and sell shares of its common stock in an underwritten public offering

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UPDATE 1-All Puerto Rico debt needs restructuring- U.S. Treasury chief

WASHINGTON, March 22 (Reuters) - U.S. Treasury Secretary Jack Lew said on Tuesday that Puerto Rico was "for all practical purposes" in default and needed a full restructuring of all its debt,...

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BRIEF-S&P says Kansas City, Mo 2016 A-E special obligation bonds rated 'AA-'

* Affirmed 'AA' rating on kansas city's existing GO debt and our 'AA-' rating on its existing appropriation-backed debt

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LATAM CLOSE-No deals price in LatAm primary market

* Argentina could come to market in early April * Argentina mandates BBVA, Citi, DB, HSBC, JPM, Santander, UBS * Yields around 8% for a 10yr would be realistic - source By Mike Gambale NEW YORK,...

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Fed's Evans says 'wait and see' approach to rate hikes appropriate

CHICAGO, March 22 (Reuters) - The Federal Reserve's decision not to raise interest rates last week but to wait until it is more confident that inflation is headed towards the central bank's 2-percent...

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GLOBAL MARKETS-Stocks rebound, safe-haven assets ease after Brussels attacks

* Gold, yen and Treasury bonds strength eases (Adds close of European markets)

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UPDATE 1-Polish c.banker Zubelewicz does not expect rate change this year

WARSAW, March 22 (Reuters) - It is unlikely Poland will need to change its interest rates this year, newly-appointed rate-setter Kamil Zubelewicz said on Tuesday, commenting on Hungary's move to a...

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SunEdison in talks for debtor-in-possession financing - Debtwire

March 22 (Reuters) - Troubled solar company SunEdison Inc is in talks with holders of its second-lien loans to fund a debtor-in-possession financing facility, Debtwire reported, citing two sources...

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MOVES-BAML makes changes in capital products team

LONDON, March 22 (IFR) - Bank of America Merrill Lynch has put co-head Joppe Schepers at risk of redundancy in a shake-up of its capital products business in the Europe, Middle East and Africa...

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GLOBAL MARKETS-Stocks dip, safe-haven assets climb after Brussels attacks

* Gold, yen and Treasury bonds in demand (Adds open of U.S. markets, changes byline, dateline; previous LONDON)

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Petrobras must "reinvent" itself after crude oil price drop -CFO

March 22 (Reuters) - The fall of crude oil prices to a new, lower baseline is forcing Brazil's state-controlled oil company Petrobras to reinvent itself, the company's chief financial officer said on...

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BRIEF-Southcross Energy Partners announces preliminary Q4 results, provides update on Southcross Holdings LP bankruptcy

* Southcross Energy Partners, L.P. Announces preliminary results for fourth quarter 2015; provides update on Southcross Holdings LP

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BRIEF-Petrobras expects class action trial in New York in early Sept.

* Petrobras says it expects class action lawsuit to go to trial in New York in early September

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UPDATE 1-Argentina names banks for possible bond sale-mkt source

NEW YORK, March 22 (IFR) - Argentina has named JP Morgan, Deutsche Bank, HSBC and Santander as joint bookrunners for a possible bond sale, a source familiar with the matter told IFR on...

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GLOBAL MARKETS-Stocks slide, safe-haven assets rise after Brussels attacks

LONDON, March 22 (Reuters) - World stocks fell and safe-haven gold and government bonds rose on Tuesday after attacks on the airport and a rush-hour metro train in Brussels that triggered security...

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U.S. fed funds rate remain at 0.37 pct

NEW YORK, March 22 (Reuters) - The U.S. interest rate that the Federal Reserve targets to conduct its monetary policy remained at 0.37 percent for a fifth day on Monday, according to Fed data...

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BRIEF-Elbit Imaging Ltd says signed on an amendment to loan agreement that will cancel and replace previous loan

* Signed on an amendment to loan agreement that will cancel and replace previous loan

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BRIEF-Kulicke and Soffa Industries Inc enters into $25 mln revolving credit facility

* Entered uncommitted revolving credit agreement providing for a $25 million revolving credit facility

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Brazil's federal police launches new raid in Petrobras case

BRASILIA, March 22 (Reuters) - Brazilian federal police were seeking to arrest 15 people on Tuesday as part of the corruption investigation centered on state-run oil producer Petroleo Brasileiro SA,...

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PRESS DIGEST- Canada-March 22

March 22 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

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BRIEF-Moody's downgrades Toshiba to B3 outlook negative

* Strength of Toshiba's core business operations, ability to manage high debt load significantly challenged and uncertain in the longer term

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EMERGING MARKETS-Eastern European shares fall 1 pct after Belgium blasts

LONDON, March 22 (Reuters) - Eastern European shares tumbled around 1 percent on Tuesday and emerging currencies weakened after blasts in Brussels sent Western bourses lower and supported the...

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GLOBAL MARKETS-Stocks fall, gold and govt bonds rise after Brussels explosions

LONDON, March 22 (Reuters) - European stocks fell on Tuesday and safe-haven assets, gold and government bonds rose in price after two explosions at Brussels airport killed at least one person and...

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UPDATE 1-UK Stocks-Factors to watch on March 22

March 22 (Reuters) - Britain's FTSE 100 index is seen opening down 4 points, or 0.07 percent, on Tuesday, according to financial bookmakers, with futures 0.1 percent lower ahead of the cash market...

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UPDATE 1-Poland's c.bank governor Belka says hopes Glapinski would make good successor

WARSAW, March 22 (Reuters) - Poland's central bank governor Marek Belka, whose term ends on June 11, said he hoped that fellow central bank board member Adam Glapinski would make a good governor of...

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Polish mid-tier lenders BPH, Getin post Q4 losses

WARSAW, March 22 (Reuters) - Polish mid-tier lenders Bank BPH and Getin Noble Bank reported losses in the last quarter of 2015 due to increased payments to guarantee and creditors support funds, as...

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Monday, March 21, 2016

JGBs gain with maturing bonds reinvested back into government debt

TOKYO, March 22 (Reuters) - Japanese government bond prices gained on Tuesday, with the 30-year yield reaching a new record low, as investors reinvested proceeds from maturing debt back into the...

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UK Stocks-Factors to watch on March 22

March 22 (Reuters) - Britain's FTSE 100 index is seen opening down 4 points, or 0.07 percent, on Tuesday, according to financial bookmakers. For more on the factors affecting European stocks, please...

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RPT-Puerto Rico takes restructuring law to U.S. high court

WASHINGTON, March 22 (Reuters) - Puerto Rico will ask the U.S. Supreme Court on Tuesday to validate a law that could let it cut billions of dollars from what it owes in debt at some public agencies,...

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INSIGHT-Ride to the Bottom: US energy workers hit hard by company stock bets

OKLAHOMA CITY, March 22 (Reuters) - Nearly 15 years since Enron's collapse decimated the retirement accounts of its employees, hundreds of thousands of U.S. energy workers remain precariously exposed...

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Puerto Rico takes restructuring law to U.S. high court

WASHINGTON, March 22 (Reuters) - Puerto Rico will ask the U.S. Supreme Court on Tuesday to validate a law that could let it cut billions of dollars from what it owes in debt at some public agencies,...

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JGB 30-year yield hits record low as curve continues to flatten

TOKYO, March 22 (Reuters) - The 30-year Japanese government bond yield struck a record low on Tuesday as the flattening of the curve continued amid persistent investor demand for debt that still...

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UPDATE 3-Petrobras posts record loss as oil price slump forces writedowns

NEW YORK/RIO DE JANEIRO, March 21 (Reuters) - Brazil's state-controlled oil company Petrobras posted its biggest-ever quarterly loss on Monday after booking a large writedown for oil fields and other...

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Moody's sees "clear downside risks" if UK leaves EU

LONDON, March 22 (Reuters) - Ratings agency Moody's said on Tuesday it saw "clear downside risks" if Britain votes to leave the European Union in a referendum in June, and repeated its warning that...

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GLOBAL MARKETS-Asian shares edge down on Fed talk

* Nikkei gains after public holiday, gets tailwind from weaker yen

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Canada's Scotiabank ex-CEO Ritchie dies at 88

March 21 (Reuters) - Bank of Nova Scotia, Canada's third-largest bank, said its former chief executive Cedric Ritchie, aged 88, died on Monday.

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BRIEF-Petrobras says it will delay opening Comperj refinery

* company reorganization will be discussed and approved at a March 30 board meeting

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Moody's places Deutsche Bank ratings on review

March 21 (Reuters) - Moody's Investors Service said it had placed Deutsche Bank AG's ratings on review for possible downgrade, citing rising execution hurdles as the bank tries to stabilize profits...

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Illinois asks Peabody Energy for info on future cleanup costs

WASHINGTON, March 21 (Reuters) - The Illinois attorney general has asked Peabody Energy Corp in a letter to explain how it would cover $92 million in future cleanup costs in the state if the company...

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UPDATE 1-Brazil seeks to limit spending, aid states as recession bites

SAO PAULO/BRASILIA, March 21 (Reuters) - The administration of Brazilian President Dilma Rousseff, facing the threat of impeachment, presented plans on Monday to limit government spending and stave...

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Paraguay eyes new dollar bond sale

NEW YORK, March 21 (IFR) - Paraguay is preparing fixed-income investor calls this week ahead of a possible 144A/RegS US dollar bond sale, sources said.

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UPDATE 1-Canada's Terra Energy halts operations after bank demands payment

CALGARY, Alberta, March 21 (Reuters) - Canadian junior oil and gas producer Terra Energy Corp said it shut down production, ceased operations and announced the resignation of directors and officers...

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BRIEF-West High Yield announces private placement

* Is proposing to complete non-brokered private placement of common shares at $0.33 per common share for up to $1 million Source text for Eikon: Further company coverage:

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BRIEF-Alon Blue notified of deferral of payment date for series c debentures

* Notified of deferral of record date and payment date for series c debentures Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)

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UPDATE 1-FanDuel and DraftKings shut down games in New York

NEW YORK, March 21 (Reuters) - Top daily fantasy sports companies FanDuel and DraftKings agreed to stop taking money in New York on Monday, amid a months-long fight with the state's attorney general...

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"Civil war" in Britain's Conservatives hurts pro-EU finance minister

* Osborne budget row, ministerial resignation show deep feelings

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UPDATE 2-Paris suspect "worth weight in gold" to police -lawyer

* Abdeslam's lawyer says his client 'worth his weight in gold'

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BRIEF-Wells Fargo says issued medium-term notes, series K, notes due March 21, 2028

* On March 21, 2016, co issued medium-term notes, series K, notes due March 21, 2028 Source text for Eikon: Further company coverage:

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U.S. to sell $55 billion in 4-week bills this week

WASHINGTON, March 21 (Reuters) - For details of the U.S. Treasury's auction of 4-week bills this week, see:

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Euro zone consumer confidence falls in March

BRUSSELS, March 21 (Reuters) - Euro zone consumer confidence defied market expectations of an improvement and fell in March, a flash estimate by the European Commission showed on Monday.

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GLOBAL MARKETS-Stocks fall, dollar gains on Fed comments

* Sterling slides as minister resignation raises split concerns

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Michigan outlines Flint recovery plan

DETROIT, March 21 (Reuters) - Michigan's government on Monday released goals to help the city of Flint recover from a health crisis caused by the lead contamination of its drinking water.

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TREASURIES-Yields rise on hawkish Fed comments, corporate supply

NEW YORK, March 21 (Reuters) - U.S. Treasury yields rose on Monday after two Federal Reserve officials gave bullish projections on inflation and as investors prepared for new corporate debt...

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UPDATE 1-UK's Cameron has confidence in finance minister Osborne -spokeswoman

LONDON, March 21 (Reuters) - David Cameron "absolutely" backs his finance minister after a senior minister quit over budget cuts, his spokeswoman said on Monday, as the British leader tried to unite...

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U.S. fed funds rate remains at 0.37 pct

NEW YORK, March 21 (Reuters) - The U.S. interest rate that the Federal Reserve targets to conduct its monetary policy remained at 0.37 percent for a fourth day on Friday, according to Fed data...

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BRIEF-Orbite Technologies says is working on a number of financing alternatives with its existing financial partners

* Says is working on a number of financing alternatives with its existing financial partners

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Brazil's 2016 inflation forecast cut to 7.43 percent -central bank survey

BRASILIA, March 21 (Reuters) - Inflation expectations for end-2016 in Brazil fell for the second straight week but remained above the top end of the government's target range, a weekly central bank...

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Pacific Exploration delays interest payment

March 21 (Reuters) - Canada's Pacific Exploration & Production Corp said it chose not to make an interest payment due March 28, as the company works with debtholders to restructure debt.

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WL Ross to buy chemicals distributor Nexeo from TPG

March 21 (Reuters) - WL Ross Holdings Corp said it would buy chemicals and plastics distributor Nexeo Solutions Holdings LLC from private equity firm TPG in a cash-and-stock deal valued at $1.67...

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CORRECTED-Swiss current account surplus narrows in Q4 -SNB

ZURICH, March 21 (Reuters) - Switzerland's current account surplus narrowed to around 16 billion Swiss francs ($16.48 billion) in the fourth quarter, 4 billion francs less the year-earlier period,...

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UPDATE 1-Swiss current account surplus narrows in Q4 -SNB

* 2015 current account surplus rises 16 bln francs to 73 bln (Adds details from statement, background)

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GLOBAL MARKETS-Asian stocks slip as oil skids; dollar steady

HONG KONG, March 21 (Reuters) - Most Asian stock markets slipped on Monday after three consecutive weeks of gains as a retreat in oil prices made investors cautious, but losses were tempered by hopes...

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Fed's Lacker says he is confident inflation will return to 2 pct

PARIS, March 21 (Reuters) - U.S. inflation will likely accelerate in coming years and move toward the Federal Reserve's 2 percent target, Richmond Fed President Jeffrey Lacker said on Monday.

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Sunday, March 20, 2016

UPDATE 1-Euro zone lenders, Greece make progress on tax, pension reforms

BRUSSELS, March 21 (Reuters) - European lenders have made important progress with Greece on tax and pension reforms in a package of measures Athens must adopt to win new loans and debt relief, a...

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Affymetrix rejects rival bid, supports Thermo Fisher merger

March 20 (Reuters) - U.S. gene-testing company Affymetrix Inc's board on Sunday rejected a $1.5 billion bid by Origin Technologies Corp, saying it stood by a $1.3 billion merger deal with Thermo...

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As China opens bad debt market, private equity firms step in

* Official figures show distressed debt market $600 billion plus

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UPDATE 1-Freedom says it picks Digital First bid for California papers

March 20 (Reuters) - Freedom Communications Inc, the bankrupt publisher of two California newspapers, said it would accept a $51.8 million takeover bid from Digital First Media instead of a higher...

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Euro zone lenders, Greece make progress on tax, pension reforms

BRUSSELS, March 20 (Reuters) - European lenders have made important progress in talks with Greece on tax and pension reforms that are part of a package of measures Athens must adopt to win new loans...

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Freedom says it picks Digital First bid for California papers

March 20 - Freedom Communications Inc, the bankrupt publisher of two California newspapers, said it would accept a $51.8 million takeover bid from Digital First Media instead of a higher offer from...

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Saturday, March 19, 2016

UPDATE 1-Telecom Italia CEO Patuano quits as Vivendi tightens grip - sources

MILAN, March 19 (Reuters) - Telecom Italia's chief executive Marco Patuano has handed in his resignation following weeks of speculation over his future, three sources close to the matter said on...

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UPDATE 1-Russian econ minister sees rouble staying weaker than 60 per dlr

MOSCOW, March 19 (Reuters) - The rouble will probably be stronger than previously expected but is likely to remain weaker than 60 roubles per dollar, Russia's Economy Minister Alexei Ulyukayev said...

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Russian econ minister says expects rouble to remain weaker than 60 roubles/dollar

MOSCOW, March 19 (Reuters) - The rouble will probably be stronger than previously expected but is likely to remain weaker than 60 roubles per dollar, Russia's Economy Minister Alexei Ulyukayev said...

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Azerbaijan's Southern Gas Corridor Co plans $1 bln bond

BAKU, March 19 (Reuters) - Azerbaijan's Southern Gas Corridor company plans to issue a $1 billion 10-year Eurobond, the Finance Ministry said on Saturday. (Reporting by Nailia Bagirova; Writing by...

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Friday, March 18, 2016

UPDATE 2-Dish to request arbitration in NBCUniversal distribution talks

LOS ANGELES, March 18 (Reuters) - Satellite TV provider Dish Network Corp said on Friday it would request arbitration to determine the terms of a renewed distribution agreement with Comcast Corp's...

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WPX Energy secures $1.2 bln on credit facility amid oil slump

March 18 (Reuters) - Oil and gas producer WPX Energy Inc said it received commitments of $1.2 billion under a credit facility, at a time when much of the industry is bracing itself for a fall in...

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UPDATE 1-Brazil central bank seeks to weaken real with reverse swaps

SAO PAULO, March 18 (Reuters) - Brazil's central bank plans to auction up to $1 billion worth of reverse currency swaps on Monday, in an indication that policymakers are uneasy with recent gains in...

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BRIEF-Oracle files for potential mixed shelf offering size not disclosed - SEC filing

* Files for potential mixed shelf offering; size not disclosed - sec filing Source text for Eikon: Further company coverage:

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BRIEF-Scorpio tankers files for potential mixed shelf, size not disclosed - SEC filing

* Files for potential mixed shelf; size not disclosed - sec filing Source text for Eikon: Further company coverage:

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GLOBAL MARKETS-Stocks post longest streak of gains in two years; dollar firms

* Dollar inches back from steep losses (Updates to U.S. market close)

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CANADA FX DEBT-C$ weakens as lower oil prices trigger position squaring

(Adds analyst quote, adds details on CFTC data, updates prices) * Canadian dollar ended at C$1.3037, or 76.70 U.S. cents * Currency touched strongest level since Oct. 19 at C$1.2924 * Bond prices...

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UPDATE 1-Colombia cenbank hikes rate 25 bps to stem inflation, current acct woes

BOGOTA, March 18 (Reuters) - Colombia's central bank raised its benchmark lending rate on Friday to 6.50 percent, the seventh consecutive monthly increase, as policymakers grapple with high inflation...

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Speculative net longs in U.S. 10-year T-note futures fall-CFTC

March 18 (Reuters) - Speculators' net bullish bets on U.S. 10-year Treasury note futures fell earlier this week prior to the Federal Reserve's widely expected decision to leave policy rates...

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Colombia cenbank ups rate 25 bp to calm inflation, current account worries

BOGOTA, March 18 (Reuters) - Colombia's central bank raised its benchmark lending rate on Friday to 6.50 percent, the seventh consecutive monthly increase, amid calls for the board to take measures...

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Colombia's central bank decision was taken by majority

BOGOTA, March 18 (Reuters) - The decision by Colombia's central bank to raise the benchmark interest rate to 6.5 percent was taken by majority, bank chief Jose Dario Uribe said on Friday.

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BRIEF-S&P raises Fiat Chrysler's rating to 'BB'; outlook stable

* Fiat Chrysler rating raised to 'BB' on stronger leverage due to access to substantial U.S. cash; outlook stable

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Scranton, Pennsylvania, details deal to pay long-standing labor award

NEW YORK, March 18 (Reuters) - City officials in Scranton, Pennsylvania, on Friday disclosed details of a $31.5 million deal to pay off a long-overdue labor award.

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BRIEF-S&P - Autonomous community of Catalonia downgraded to 'B+'

* Autonomous community of Catalonia downgraded to 'B+' on weakening financial management; outlook negative

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Peru central bank widens view of 2016, 2017 current account deficit

LIMA, March 18 (Reuters) - Peru's central bank on Friday widened its view of this year's current account deficit to 3.9 percent of gross domestic product from 3.6 percent forecast in December,...

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TREASURIES-U.S. prices rise, tracking Europe; Fed outlook also gives boost

* U.S. 2-year note yield on track for steepest weekly drop since Oct 2014

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UPDATE 1-U.S. oil producer Venoco files for bankruptcy

March 18 (Reuters) - U.S. oil and gas producer Venoco Inc filed for Chapter 11 bankruptcy protection on Friday, joining more than 40 energy-related firms that have sought court protection from...

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UPDATE 1-U.S. TIPS breakeven rates rise with oil prices

* U. Michigan inflation gauges rise from near record lows (Updates with U. Michigan data, analyst note)

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Mauritius 91-day Treasury bill yield rises to 2.68 pct

PORT LOUIS, March 18 (Reuters) - The weighted average yield on Mauritius's 91-day Treasury bill rose to 2.68 percent at auction on Friday from 2.61 percent at the last sale on March 11, the central...

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CORRECTED-UPDATE 2-Russian c.bank holds rates, says tight policy to continue

MOSCOW, March 18 (Reuters) - The Russian central bank left its main lending rate at 11 percent on Friday as expected, but its rhetoric about the need to maintain tight monetary policy was more...

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Treasury dislocations drive market initiatives

LONDON, March 18 (IFR) - Severe dislocations in the US Treasury market are set to be addressed by new regulatory measures aimed at boosting transparency, and a range of trading solutions that attempt...

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Russia cenbank governor says inflation risks factored in rate decision

MOSCOW, March 18 (Reuters) - Russia's Central Bank Governor Elvira Nabiullina said on Friday that the bank had taken inflation risks into account when deciding to keep its key rate unchanged.

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Russia c.bank chief says world oil market still oversupplied

MOSCOW, March 18 (Reuters) - Russia's central bank governor Elvira Nabiullina said on Friday that there remained an oversupply on world oil markets.

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BRIEF-Western Digital announces proposed offerings of $1.5 bln of senior secured notes and $4.1 bln of senior unsecured notes

* Announces proposed offerings of $1.5 billion of senior secured notes and $4.1 billion of senior unsecured notes

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Libya's eastern government warns against imposing U.N.-backed cabinet

BENGHAZI, Libya, March 18 (Reuters) - Libya's eastern government said on Friday that imposing a U.N.-backed cabinet on the country without a parliamentary vote of approval risked deepening the...

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BRIEF-Texcal Energy Llc files for chapter 11 bankruptcy protection - court filing

* Texcal Energy Llc Files For Chapter 11 Bankruptcy Protection In Delaware Court - Court filing

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BRIEF-Denver parent corporation files for Chapter 11 bankruptcy protection in Delaware court- Court filing

* Denver Parent Corporation Files For Chapter 11 Bankruptcy Protection In Delaware Court - Court filing

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RPT-BRIEF-Venoco Inc files for Chapter 11 bankruptcy protection in Delaware court- court filing

* Venoco Inc Files For Chapter 11 Bankruptcy Protection In Delaware Court- Court filing

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RPT-U.S. petroleum firm Venoco files for bankruptcy

CHICAGO, March 18 (Reuters) - U.S. petroleum company Venoco Inc filed for Chapter 11 bankruptcy protection on Friday, joining more than 40 energy-related firms that have sought court protection from...

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Spain's Abengoa seeks 7-month debt standstill to restructure

MADRID, March 18 (Reuters) - Spanish energy and engineering firm Abengoa SA said late on Thursday it will ask its creditors for seven months' breathing space through a debt standstill to execute a...

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Thursday, March 17, 2016

PRESS DIGEST- New York Times business news - March 18

March 18 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

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GLOBAL MARKETS-Asia stocks, oil jump as dollar sags after Fed

* Oil hits 2016 high on weaker dollar, output freeze optimism

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PRESS DIGEST - Wall Street Journal - March 18

March 18 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

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Japan 10-year JGB yield falls to record low minus 0.135 percent

TOKYO, March 18 (Reuters) - The yield on benchmark 10-year Japanese government bonds fell to a fresh record low on Friday, after a strong response to the Bank of Japan's bond-buying...

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EnPro, Garlock reach $480 mln settlement on asbestos claims

March 17 (Reuters) - EnPro Industries Inc said it has agreed to a $480 million settlement to resolve current and future personal injury claims related to its asbestos-lined gaskets used in pipes,...

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UPDATE 4-Brazil's Lula sworn in over protests as Rousseff faces impeachment

BRASILIA, March 17 (Reuters) - Former Brazilian President Luiz Inacio Lula da Silva was sworn in as chief of staff to his successor Dilma Rousseff on Thursday as a judge sought to block his...

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BRIEF-Moody's changes outlook on LSE Group's BAA1 rating to positive on Deutsche Boerse AG merger announcement

* Moody's changes outlook on london stock exchange group's baa1 rating to positive on deutsche boerse ag merger announcement

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BRIEF-Moody's affirms ratings of HSBC's U.S. subsidiaries, changes outlook to negative from stable

* Moody's affirms ratings of HSBC's US subsidiaries, changes outlook to negative from stable

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UPDATE 1-In U-turn, investors pull money from U.S. stock funds in week -Lipper

(Adds details on mutual fund and ETF flows, data table, byline) By Trevor Hunnicutt NEW YORK, March 17 (Reuters) - Investors turned on U.S.-based stock funds in the latest week, pulling $2.1 billion...

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In U-turn, investors pull $2.1 bln from U.S. stock funds in week -Lipper

NEW YORK, March 17 (Reuters) - Investors pulled $2.1 billion from U.S.-based stock funds in the week to March 16, Lipper data showed on Thursday, after the funds netted their first inflows of the...

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Lipper fund flows IG US$1.986bn inflow; HY US$1.679bn inflow

NEW YORK, March 17 (IFR) - For the week ended March 16, Lipper US Fund Flows reported the following:

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UPDATE 1-Michigan House approves $48.7 mln to keep Detroit schools open

March 17 (Reuters) - The Michigan House on Thursday approved $48.7 million for the Detroit Public Schools (DPS) to prevent the district from shutting down next month.

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UPDATE 2-TransCanada to buy Columbia Pipeline Group for $10.2 bln

* Offer at 8.5 pct premium to Columbia Pipeline's Thursday close

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Chesapeake Energy considering 1.5-lien debt exchange - CapitalStructure

NEW YORK, March 17 (Reuters) - Chesapeake Energy Corp, an oil and gas company struggling in the commodities rout, is considering swapping out some of its existing debt for new 1.5 lien debt,...

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S&P says it may cut Ackman hedge fund's rating

NEW YORK, March 17 (Reuters) - Billionaire investor William Ackman's already very bad week got worse on Thursday.

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BRIEF-S&P says Sandridge Energy ratings raised to 'CCC-' from 'D'

* "the 'CCC-' corporate credit rating reflects our view that Sandridge is likely to pursue a restructuring within the next six months"

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UPDATE 1-Brazil central bank to scale back currency intervention

BRASILIA, March 17 (Reuters) - Brazil's central bank said Thursday it would scale back foreign exchange market interventions following the country's currency's rally to near its strongest levels in...

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UPDATE 1-Payday loan promoter to pay $1 million penalty to New York

March 17 (Reuters) - An online company that sells leads for payday loans has agreed to pay a $1 million penalty and stop generating leads in New York, the state's financial regulator said on...

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Brazil's central bank to reduce intensity of swap rollovers

BRASILIA, March 17 (Reuters) - Brazil's central bank will scale back its daily currency swap auctions due to a window of opportunity offered by the current international outlook, it said in a...

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UPDATE 2-UK watchdog paper says bank rules have not hit bond market liquidity

* EU asks regulators to rethink bond market rules (Adds reference to interview with UK Debt Management Office in paragraph 4)

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CORRECTED-Bank of England keeps rates steady, says sterling hit by EU vote

LONDON, March 17 (Reuters) - Bank of England policymakers said sterling had been dealt a big hit by uncertainty in the run-up to the referendum on EU membership and that growth could slow, after...

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U.S. Treasury to sell $13 bln in floating rate notes

WASHINGTON, March 17 (Reuters) - For details of the U.S. Treasury's auction of floating rate notes next week, see:

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U.S. Treasury to sell $62 bln in bills

WASHINGTON, March 17 (Reuters) - For details of the U.S. Treasury's auctions of 13-week and 26-week bills next week, see:

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BRIEF-Fitch downgrades Peabody Energy's IDR to 'C' & 1st Liens to 'CCC-'

* Fitch downgrades Peabody Energy's IDR to 'C' & 1st Liens to 'CCC-'

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UPDATE 1-Puerto Rico needs freeze on lawsuits to face debt crisis -governor

March 17 (Reuters) - The U.S. Congress must protect Puerto Rico from investor lawsuits so that the island's government can face a debt crisis, Governor Alejandro Garcia Padilla said on...

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S.Africa core inflation to average 6.2 pct in 2016

JOHANNESBURG, March 17 (Reuters) - For highlights of the monetary policy statement from South Africa's Reserve Bank, click on. (Reporting by Ed Cropley)

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South African MPC split over rate decision

JOHANNESBURG, March 17 (Reuters) - For highlights of the monetary policy statement from South Africa's Reserve Bank, click on. (Reporting by Ed Cropley)

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BRIEF-Lydian international says closing of c$33.4 mln public offering

* Lydian announces closing of c$33,350,000 public offering of subscription receipts

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German foreign minister to visit Russia on March 23 for talks with Lavrov - RIA

MOSCOW, March 17 (Reuters) - German Foreign Minister Frank-Walter Steinmeier will visit Russia on March 23 for talks with Russian Foreign Minister Sergei Lavrov, RIA news agency reported on Thursday,...

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Fed's new rate guidance pushes euro zone bond yields lower

LONDON, March 17 (Reuters) - Euro zone bond yields fell on Thursday after the U.S. Federal Reserve reduced the number of rate hikes due this year, potentially giving the European Central Bank more...

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Brazil's Usiminas expects loan standstill on Thursday -paper

BRASILIA, March 17 (Reuters) - Usinas Siderúrgicas de Minas Gerais SA expects to close on Thursday a loan standstill agreement with banks, in a move that should help the largest Brazilian producer of...

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GLOBAL MARKETS-Dollar swoons as Fed scales down rate hike forecasts

* US crude rises to 3-mth high, suppliers agree to meet on output

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Hamptons luxury home sales soften as Wall Street weakness takes a toll

NEW YORK, March 17 (Reuters) - The market for luxury homes in the Hamptons, the summer playground for Wall Street's wealthiest, is losing some of its luster as financial markets limp along for a...

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UPDATE 1-Swiss central bank holds fire on rates, cuts inflation outlook

* Franc still "significantly overvalued" (Adds detail, market reaction)

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UPDATE 1-Slowing iPhone growth spurs deeper cuts at UK's Imagination

LONDON, March 17 (Reuters) - Imagination Technologies , the British company whose graphics power Apple's iPhone, said it would make new cost cuts, including job losses, to speed up a turnaround plan.

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German Bund futures rise half a point on Fed's new rate guidance

LONDON, March 17 (Reuters) - German Bund futures rose about half a point at the open on Thursday after the U.S. Federal Reserve reduced the number of interest rate hikes expected this year.

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Wednesday, March 16, 2016

StanChart PE arm, Goldman invest $28 mln in Vietnam fintech startup

HANOI, March 17 (Reuters) - A private-equity arm of Standard Chartered Plc and Goldman Sachs have invested a combined $28 million in Vietnamese startup M_Service, the operator of mobile e-wallet...

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MIDEAST STOCKS - Factors to watch - Mar 17

DUBAI, March 17 (Reuters) - Here are some factors that may affect Middle East stock markets on Thursday. Reuters has not verified the press reports and does not vouch for their accuracy.

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GLOBAL MARKETS-Asia jumps as cautious Fed lifts risk appetite, dollar on defensive

* MSCI Asia-Pacific index rises 2.1 pct, Nikkei gains 1.4 pct

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BRIEF-Acacia rejects non-binding proposal from ARC and adopts plan to protect tax benefits

* Binding proposal from ARC and adopts plan to protect tax benefits

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UPDATE 3-Kuroda says BOJ has room to cut rates further

* No plan to widen exemptions for minus rates beyond MRFs (Adds context)

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PRESS DIGEST- Financial Times - March 17

March 17 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

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PRESS DIGEST- British Business - March 17

March 17 - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

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Brazil judge says Rousseff, Lula discussed influencing investigation

SAO PAULO, March 16 (Reuters) - A Brazilian judge made public on Wednesday phone conversations between President Dilma Rousseff and her predecessor Luiz Inacio Lula da Silva, and said the...

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BRIEF-Moody's downgrades Linn Energy's corporate family rating to CA

* Moody's downgrades Linn Energy's corporate family rating to CA

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BRIEF-Helix Biopharma Q2 loss per share C$0.03

* Helix Biopharma Corp. announces second quarter fiscal 2016 results

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BRIEF-Moody's downgrades Houston's (TX) GOLT to Aa3

* Moody's downgrades Houston's (TX) GOLT to Aa3; maintains negative outlook

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BRIEF-Catalyst biosciences files for mixed shelf of up to $50 mln

* Files for mixed shelf of up to $50 million - sec filing Source text : http://1.usa.gov/1VdzzUB Further company coverage:

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UPDATE 1-Caesars investors weigh impact of harsh examiner report

March 16 (Reuters) - Investors in Caesars Entertainment Corp were scrambling on Wednesday to grasp the cost from a court-ordered investigation that said the casino company could face $5 billion in...

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BRIEF-Southcross energy partners files for non-timely 10-k - sec filing

* As of march 15, total borrowings under debt agreements were $643 million, with no availability remaining

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HIGHLIGHTS-Fed chief Yellen's news conference after FOMC meeting

WASHINGTON, March 16 (Reuters) - The following are highlights from Federal Reserve Chair Janet Yellen's press conference on Wednesday following the end of a two-day meeting of the U.S. central bank's...

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UPDATE 2-Pimco's Callin, head of equity product management, retiring in 2nd qtr

NEW YORK, March 16 (Reuters) - Sabrina Callin, managing director and head of equity product management at Pacific Investment Management Co, has decided to retire from the firm in the second quarter,...

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