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News from at 16 minutes ago

European Union finance ministers failed to agree on proposed rules to regulate hedge funds and private equity firms in the 27-nation region, an EU official said. More

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News from at 16 minutes ago

German investor confidence dropped for a sixth month in March amid signs the economy is struggling to expand and as Greece’s fiscal crisis shakes financial markets. More

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News from at 16 minutes ago

Deutsche Bank AG, Germany’s biggest bank, paid 2.2 billion euros ($3 billion) in bonuses last year to employees who can conduct “high-risk” business. More

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News from at at 3:10 AM on Tuesday 3/16

China is growing more concerned about Iran’s nuclear intentions, Foreign Minister Yang Jiechi said at a joint press conference with his U.K. counterpart. More

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News from at at 3:10 AM on Tuesday 3/16

Michelin awards a second star to a Stockholm restaurant and recognizes five Budapest eateries in “Main Cities of Europe 2010,” to be published tomorrow. More

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News from at at 3:10 AM on Tuesday 3/16

San Miguel Corp., the Philippines’ biggest food and drinks maker, plans to raise $1 billion selling stakes in its food, packaging and liquor businesses to help fund expansion and acquisitions. More

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News from at at 3:10 AM on Tuesday 3/16

The market for collateralized debt obligations backed by high-yield, high-risk loans is poised to open in the U.S. for the first time in a year after losses on mortgages prompted investors to flee bundled securities. More

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News from at at 2:10 AM on Tuesday 3/16

Most Asian stocks rose, led by finance and consumer companies, amid speculation the Bank of Japan will take more steps to ease deflation in the world’s second-largest economy. More

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News from at at 2:10 AM on Tuesday 3/16

One of Deutsche Bank AG’s top executives in Asia is in discussions about joining Industrial & Commercial Bank of China Ltd., the world’s largest lender by market value, said people with knowledge of the matter. More

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News from at at 2:10 AM on Tuesday 3/16

South Korea’s president named Kim Choong Soo governor of the central bank as policy makers face political pressure to keep the benchmark interest rate at a record-low 2 percent. More

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News from at at 1:10 AM on Tuesday 3/16

Deutsche Bank AG Chief Executive Officer Josef Ackermann earned 9.55 million euros last year after returning Germany’s biggest bank to a profit, the Frankfurt-based bank said in its annual report today. More

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News from at at 1:10 AM on Tuesday 3/16

Eric Dinallo, the former insurance superintendent running for New York attorney general, has received more than 15 percent of his campaign donations from the industry he regulated until July. More

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News from at at 1:10 AM on Tuesday 3/16

BYD Co., the Chinese carmaker backed by Warren Buffett, rose to the highest level in three months as brokerages raised earnings estimates for the company after better-than-expected profit in 2009. More

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News from at at 1:10 AM on Tuesday 3/16

European finance ministers laid the groundwork for a financial lifeline to debt-stricken Greece, breaking a taboo against aid to cash-strapped governments in order to avert a crisis for the euro. More

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News from at at 12:10 AM on Tuesday 3/16

BNP Paribas SA, France’s biggest bank, may acquire KBC Groep NV’s operations in Japan, said two people with knowledge of the matter. More

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News from at at 12:10 AM on Tuesday 3/16

Arrow Energy Ltd. is continuing “active discussions” with Royal Dutch Shell Plc and PetroChina Co. amid speculation the Australian gas producer may reject their A$3.3 billion ($3 billion) bid and seek a higher offer. More

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News from at at 12:10 AM on Tuesday 3/16

Eli Lilly & Co., the maker of the impotence pill Cialis, bought exclusive rights from Australia’s Acrux Ltd. to an underarm testosterone lotion called Axiron for men with limited sex drive due to low levels of the hormone. More

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News from at at 12:10 AM on Tuesday 3/16

Sony Financial Holdings Inc., the insurance and banking unit of Sony Corp., had its biggest gain in almost 16 months in Tokyo after saying it will boost its bond holdings to reduce risk and stabilize its investment strategy. More

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News from at at 12:10 AM on Tuesday 3/16

Bank of America Merrill Lynch appointed Gene Reilly, a former Goldman Sachs Group Inc. partner, as head of Asia-Pacific equity execution services, at least the third senior hire from the rival in six months. More

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News from at at 11:10 PM on Monday 3/15

Taiwan’s stock exchange expects the limit for gains and losses for share prices to be raised “anytime” after detailing the proposal in parliament yesterday, Chairman Schive Chi said. More

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