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___ Yellen signals more aggressive stance toward banks WASHINGTON (AP) — The Federal Reserve may be about to turn more aggressive in its regulation of the financial system. Fed Chair Janet Yellen suggested Tuesday that current regulatory rules might not be enough to prevent the kind of risk-taking that triggered the 2008 financial crisis and nearly toppled the entire banking system.

British official annual inflation slows to 1.6%: official data

Britain's 12-month inflation slowed to 1.6 percent in March, the lowest for four and a half years, official data showed on Tuesday. The latest figure comes against a background of growing concern about deflationary pressures in Europe, notably in the eurozone to which Britain does not belong, and also in central europe. The rate had stood at 1.7 percent in February and at 1.9 percent in January, holding underneath the Bank of England's target level of 2.0 percent. The March rate was the lowest since October 2009 but was in line with market expectations.

Greek short-term borrowing costs tumble after return to bond market

ATHENS, Greece - Greece's borrowing costs in a short-term debt sale have tumbled, days after the country returned to the international bond markets. The interest rate on a 13-week treasury bill issued Tuesday fell to 2.45 per cent, compared with 3.1 per cent for a similar issue last month, according to the public debt management agency. Greece raised 1.625 billion euros ($2.25 billion) in Tuesday's sale, which was 2.73 times oversubscribed.

Food company Nestle sees sales rise 4.2 per cent in Q1 despite weak prices in Europe

FRANKFURT - Food company Nestle SA says sales rose 4.2 per cent in the first quarter compared with a year ago despite deflationary pressures in Europe. The Switzerland-based maker of Lean Cuisine, Nespresso and Haagen-Dazs said Tuesday that sales of 20.8 billion Swiss francs ($23.7 billion) were held back by a strong franc and by a flat retail environment that is keeping prices down in Europe. Sales there fell 0.8 per cent. Candy sales were reduced by a later Easter, which pushed sales of sweets into the second quarter.

World stocks mostly down as Ukraine tensions bubble, doubts surface over China growth

TOKYO - World stock markets were mostly lower Tuesday as Ukraine tensions continued to bubble and jitters about China's economy resurfaced. Hong Kong's Hang Seng was down 1.6 per cent at 22,671.26 as a drop in China's money supply unnerved investors ahead of first quarter economic growth figures due Wednesday. China's Shanghai Composite Index shed 1.4 per cent to 2,101.60.

Dollar holds steady in Asia on upbeat US economy view

The dollar held firm in Asia Tuesday after solid retail sales data boosted confidence in the US economy while tensions in Ukraine and speculation over more European Central Bank monetary easing weighed on the euro. In midday Tokyo trade, the greenback fetched 101.87 yen, up from 101.82 yen in New York Monday afternoon. The euro fetched $1.3815 and 140.75 yen, little changed from $1.3820 and 140.74 yen in US trade. US stock prices jumped on Monday thanks to a better-than-expected earnings report from Citigroup and encouraging retail sales data.

European stocks end up as upbeat US news buoys mood

European stock markets closed higher on Monday, recouping earlier losses as traders shook off concerns about the crisis in Ukraine on the back of positive data from the US. Wall Street opened higher after government data showed retail sales surged 1.1 percent in March as consumers ramped up spending following brutally cold weather earlier in the winter.

ECB's Bonnici - euro a bit higher than ideal for export boost

FRANKFURT (Reuters) - The euro's exchange rate "is still at a higher level than would be desirable" for net exports to support economic growth in the euro zone, European Central Bank policymaker Josef Bonnici told Market News International. Bonnici, who also heads the central bank of Malta, said that inflows of money into the euro zone "are in part the result of greater confidence in the euro zone, which is also reflected in a stronger exchange rate."

ECB's Bonnici - euro a bit higher than ideal for export boost

FRANKFURT (Reuters) - The euro's exchange rate "is still at a higher level than would be desirable" for net exports to support economic growth in the euro zone, European Central Bank policymaker Josef Bonnici told Market News International. Bonnici, who also heads the central bank of Malta, said that inflows of money into the euro zone "are in part the result of greater confidence in the euro zone, which is also reflected in a stronger exchange rate."

Eurozone industrial output edges up in February

Eurozone industrial output edged higher in February, official data showed Monday, in line with recent data showing a very modest economic recovery in the single currency bloc. The activity of the industrial sector is closed watched in the eurozone where there is deep concern in some countries about the low competitiveness of industry, particularly on export markets. Industrial output in the 18-nation eurozone rose 0.2 percent compared with the level in January when it was flat, the Eurostat statistics agency said.
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