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Monday, March 31, 2014

Business Today: Wall Street to open higher, Yellen remarks awaited

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03/31/2014
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Wall Street to open higher, Yellen remarks awaited
NEW YORK (Reuters) - U.S. stocks were poised to open higher on Monday, putting the S&P 500 on track for a second straight advance, ahead of a speech by Federal Reserve Chair Janet Yellen.
Swiss, UK watchdogs step up scrutiny on forex traders
ZURICH/LONDON (Reuters) - Swiss and British regulators stepped up their scrutiny of alleged manipulation of foreign exchange markets on Monday, as watchdogs take a closer look at whether banks have a tight enough grip on the behavior of their traders.
Euro zone inflation drops to lowest since 2009
BRUSSELS (Reuters) - Euro zone inflation hit its lowest level since November 2009 in March, a shock drop that raises expectations the European Central Bank will take radical action to stop the threat of deflation in the currency bloc.
Delphi told panel GM approved ignition switches below specifications
WASHINGTON/DETROIT (Reuters) - General Motors Co approved ignition switches for cars that have been linked to 13 deaths, even though the parts did not appear to meet the company's specifications, officials of Delphi Automotive told U.S. congressional investigators.
Mixed reaction to weak euro zone inflation data
LONDON (Reuters) - European stocks trimmed gains on Monday while government bond yields and the euro rose after weak euro zone inflation data cemented expectations the European Central Bank will ease policy but also prompted investors to take profit on these bets.
U.S. funds raise cash stakes as stock market wobbles
NEW YORK (Reuters) - U.S.-based fund managers cut their average stock holdings to a five-month low in March and held their highest average position in cash since December, as Russia's move into Crimea spooked global markets, a Reuters poll showed.
The tally is in: Ethanol 'blend wall' cost refiners at least $1.35 billion
NEW YORK (Reuters) - Last year's spike in the price of ethanol blending credits cost independent refiners at least $1.35 billion, more than three times as much as the year before, according to a Reuters' review of securities filings.
U.S. top court considers patent protections for software
WASHINGTON (Reuters) - The U.S. Supreme Court will on Monday delve into the hotly contested question of when software is eligible for patent protection.
China's Huawei aims to double last year's record revenue by 2018
SHENZHEN/BEIJING (Reuters) - China's Huawei Technologies Co Ltd has targeted 2018 revenue almost double the record reaped last year when the company booked 34 percent profit growth and became the world's third-biggest smartphone manufacturer.
National resource giants plot varied paths to global goal
NEW YORK (Reuters) - In teaming up with Cargill to create the world's largest sugar trader last week, Brazil's Copersucar has joined a small but growing club of national resource champions steadily transforming the commodities landscape.
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