Saudi Arabia expects oil price to stabilize

Saudi Arabia's oil minister said on Wednesday he expected oil prices, which hit a near six-year low in January, to stabilize, signaling cautious optimism about the market outlook.

U.S. mortgage applications rise in latest week: MBA

Applications for U.S. home mortgages edged up last week as interest rates dipped, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 0.1 percent in the week ended Feb. 27.

Europe

German automakers shift focus to high-end electric cars

German carmakers are shifting their focus toward high-end electric vehicles such as the Audi R8 e-tron and away from cheap city cars, in the latest effort to revive environmentally-friendly but unpopular zero-emission vehicles.

Huawei bumps up patent portfolio as 5G era draws near: CEO

China's Huawei Technologies [HWT.UL], the world's second-biggest maker of network gear, is beefing up its patent portfolio ahead of 5G, the next generation of mobile equipment, its chief executive said on Tuesday.

Alibaba opens first U.S. cloud center, enters hotly contested market

Alibaba Group Holding Ltd is launching a cloud computing hub in Silicon Valley on Wednesday, the e-commerce giant's first outside of China, underscoring its global ambitions in the face of stiff and entrenched competition.

IBM buys AlchemyAPI to boost Watson computing unit

International Business Machines Corp said on Wednesday it had acquired AlchemyAPI, a fast-growing startup selling software that collects and analyzes unstructured text and data in ways big enterprises, website publishers and advertisers find useful.

Apple exploring settlement with electric car battery maker

Apple Inc (AAPL.O) is discussing a settlement in a lawsuit brought by electric car battery maker A123 Systems, which accused the iPhone maker of poaching top engineers to build a large-scale battery division.

Global stocks pull back further from record highs

Global equities pulled back from recent record highs on Wednesday, with investors turning cautious after underwhelming euro zone PMI data and ahead of central bank meetings.

In Gaza, demand grows for a plastic surgeon's services

In a smart building in an upscale neighborhood of Gaza City, Salah El-Zanin is seeing a growing number of clients. Trained in Greece, he is the only plastic surgeon in Gaza with European qualifications, and his business is booming.

SEC warns pharma companies to be honest about FDA correspondence

The U.S. Securities and Exchange Commission's top enforcement chief warned on Tuesday that too many pharmaceutical companies are failing to accurately portray their dealings with federal drug regulators - a problem that could get them in trouble.

Apple plans fix next week for newly uncovered Freak security bug

Apple Inc (AAPL.O) and Google Inc (GOOGL.O) said on Tuesday that they have developed fixes to mitigate the newly uncovered 'Freak' security flaw affecting mobile devices and Mac computers.

U.S. CEOs modestly more upbeat on economy, spending: survey

U.S. chief executive officers are modestly more upbeat about the economy and almost half plan to increase capital spending over the next six months, a quarterly business group survey said on Tuesday.

Pimco CIO Ivascyn says 'late decision-makers' behind withdrawals

Pimco's top investment officer said on Tuesday that "late decision makers" are largely behind a rush of withdrawals from its flagship bond fund some five months after the departure of longtime manager Bill Gross, but the outflows should taper off before long.

Target to cut thousands of jobs, eyes $2 billion in cost cuts

U.S. retailer Target Corp on Tuesday said it planned to cut several thousand jobs, mainly from headquarters locations, as part of a restructuring that will cut $2 billion in costs over two years.

Wall St. falls from records, led by technology stocks

U.S. stocks finished down on Tuesday, a day after the S&P and Dow hit records, and the Nasdaq retreated with technology stocks.

Huawei plans big push to sell its phones, wearable devices in U.S.

Two years after U.S. legislators branded it a national security threat, China's Huawei Technologies Co Ltd is planning a campaign to win over U.S. consumers, rolling out new mobile phones and wearable devices backed by a marketing effort.

Iraq says discussing $6 billion bond issue with banks

Iraq is discussing a possible bond issue worth nearly $6 billion with Deutsche Bank and Citibank as part of its efforts to cover a huge projected budget deficit this year, Finance Minister Hoshiyar Zebari said.

Holcim may offer sweetener to sway investors on Lafarge deal: paper

Swiss cement maker Holcim (HOLN.VX) is considering offering its shareholders a sweetener to win their approval for a planned merger with France's Lafarge (LAFP.PA), a Swiss newspaper reported on Sunday without citing a source.

Grexit risk rising despite cash lifeline: investor survey

Chances of Greece leaving the euro zone in the next 12 months are the highest since late 2012 even though Athens's financial lifeline has been extended, a survey of investors based mainly in Germany showed on Tuesday.

U.S. economist Ross wins Deutsche prize for pricing models

U.S. economist Stephen Ross was named winner of the Deutsche Bank Prize in Financial Economics on Tuesday for helping to create models that have helped markets assess prices for options and other assets for the past three decades.

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