ECB Tells Banks to Prepare for new Types of Tisk

FRANKFURT, March 21 Reuters Euro zone banks must adjust how they manage risk as they face challenges from the end of ultra low interest rates to the emergence of nontraditional competitors that can quickly steal market share, the European Central Bank39;s top supervisor said. Euro zone banks handled the recent surge in inflation and interest […]
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EU new Car Sales Rise 10.1 yy in February, ACEA says

March 21 Reuters New car sales in the European Union rose 10.1 yearonyear in February, with the bloc39;s main markets all recording solid growth, Europe39;s automakers association said on Thursday. Registrations rose by 13 in France, 12.8 in Italy, 9.9 in Spain and 5.4 in Germany, consolidating similar trends seen in January, the European Automobile […]
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UK Posts Bigger Budget Deficit in February than Expected

LONDON, March 21 Reuters Britain posted a larger budget deficit than expected in February, swelled by costofliving payments and the effect of past inflation on the public finances, official data showed on Thursday. Public sector net borrowing, excluding stateowned banks, was 8.401 billion pounds last month, down from 11.843 billion pounds 15.16 billion a year […]
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Chipotle Shares Breach 3,000 on First ever StockSplit Plan

Reuters Chipotle Mexican Grill39;s stock breached the 3,000 mark for the first time on Wednesday and closed 3.5 higher after the burrito chain39;s board approved a 50for1 stock split, hoping to entice investors wary of its lofty pershare price. Shares of the Californiabased company have rallied to record levels over the past year, powered by strong earnings owing […]
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US Crude and Gasoline Stockpiles Fall, Refining Ramps UpEIA

NEW YORK, March 20 Reuters U.S. crude oil stockpiles fell unexpectedly last week as exports rose and refiners continued to increase activity, while gasoline inventories decreased more than expected, the Energy Information Administration EIA said on Wednesday. Crude inventories fell for the second week in a row, dropping by 2 million barrels to 445 million […]
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Indias Feb Russian Oil Imports Edged Up from Jan Trade

NEW DELHI, March 20 Reuters India39;s import of Russian oil edged up in February over January, reversing declines seen in the past two months, data from industry sources showed on Wednesday, as refiners received some parcels of Russian light sweet Sokol grade. The world39;s third biggest oil importer and consumer, India has been gorging on […]
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Dollar Muscles Higher ahead of Crucial Fed Meeting

Dollar gains for fifth session ahead of Fed meeting Stocks tread water before Fed announcement at 1800 GMT Yen hits 4month low a day after BOJ ends negative rates Benchmark bond yields dip from recent peaks Oil weakens, gold sags from record high NEW YORKLONDON, March 20 Reuters The dollar rose for a fifth straight […]
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