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    NEW YORK-- The dollar shrugged off a slate of weak economic data Monday to trade higher against the euro, yen and pound, benefiting from a surprise rate cut from the People's Bank of China. The central bank cut its benchmark lending and deposit rates by a quarter of a percentage point on Saturday, raising concerns about flagging growth in the world's second-largest economy. Th move highlighted the divergence between the U.S. economy and economies in Asia and Europe, said Jameel Ahmad,...

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    Canada's main stock index rose on Monday as a jump in Valeant Pharmaceuticals International Inc helped offset weakness in the energy sector after the price of Brent crude oil dropped. The Toronto Stock Exchange's S&P/TSX composite index was up 29.71 points, or 0.2 percent, at 15,264.05. Six of the 10 main sectors on the index were higher.

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    By Myra P. Saefong, MarketWatch, Eric Yep. Traders weigh U.S. economic reports, sluggish China. SAN FRANCISCO-- West Texas Intermediate crude-oil futures turned lower on Monday to slip back below $50 a barrel by the close, but prices still narrowed their spread with Brent crude as losses for the European benchmark also worsened.

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    * Dollar at 3-week high vs yen. * All eyes on ECB preparations for quantitative easing. * ECB policymakers meet in Cyprus on Wednesday, Thursday. By Michael Connor. The dollar edged up on Monday, with an index that tracks the greenback against major currencies touching an 11-year peak even after soft economic data.

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    By Myra P. Saefong, Shawn Langlois and Carla Mozee, MarketWatch. Traders weigh U.S. economic data, news from China, India. SAN FRANCISCO-- Gold prices settled lower on Monday, for the first time in four trading sessions, as strength in the U.S. stock market lured investors away from the yellow metal.

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    LONDON-- U.K. stocks fell Monday, with a pullback in resource shares weighing on the benchmark FTSE 100 as it hovered near 15- year highs. The FTSE 100 shed 0.1% at 6,936.75, easing back alongside a broader downturn in European stocks as they also traded at multiyear highs. On Friday, the FTSE 100 marked a 3.2% advance in February, during which it also hit its strongest closing level since December 1999..

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    LONDON-- European stocks turned lower Monday, with the region's benchmark pulling away from record highs, giving up gains that followed the release of encouraging economic data earlier in the session. The Stoxx Europe 600 swung down by 0.2% to close at 391.29, as energy, consumer goods and industrial shares traded in the red. Stocks had been slightly higher earlier in the session after data firm Markit's final February reading of manufacturing activity data for the eurozone...

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    * FTSEurofirst 300 ends down 0.2 pct after seven-year high. * Greek banks fall sharply on debt repayment concerns. * Tullow down on project delay and FTSE demotion worries. By Atul Prakash. European shares ended lower after setting new multi-year highs on Monday, with Greek banks slipping on lingering concerns about the country's debt and energy shares tracking a sharp decline in crude oil prices.

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    * Dollar at 3-week high vs yen. * All eyes on ECB preparations for quantitative easing. * ECB policymakers meet in Cyprus on Wednesday, Thursday. By Michael Connor. The dollar rose in choppy trading on Monday, with an index that tracks the greenback against major currencies touching an 11-year peak.

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    Negotiations under way for deal that could top $50 billion, Spanish finance minister says. MADRID--European Union and Greek officials are currently negotiating a third bailout for Greece, which would amount to between EUR30 billion and EUR50 billion on similar conditions to the previous two rescue packages, Spain's Finance Minister Luis de Guindos said Monday. "The central scenario for Greece is a deal on the basis of the current bailout agreement, and new conditions to be set...

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    Private-equity firms hope to double or triple DBRS's industry share over the next five to 10 years. Officials with private-equity firms Carlyle Group LP (CG) and Warburg Pincus LLC say they hope to create a credible challenge to the three largest U.S. ratings firms with their purchase this week of Canadian rater DBRS Ltd.. The new owners hope to double or triple DBRS's industry share over the next five to 10 years, said Olivier Sarkozy, head of the global financial services group at...

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    Eurozone countries are in talks over a third bailout package for Greece, Spain Economy Minister Luis de Guindos said Monday, according to Reuters. The package would be worth between 30 billion to 50 billion euros and would give Greece more flexible conditions, he said Monday at an event in Pamplona, according to the report. Greece's eurozone creditors in February agreed to a four-month extension of the country's existing bailout program after a multi-week standoff.

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    * Canadian dollar at C$1.2550 or 79.68 U.S. cents * Bond prices mixed across the maturity curve By Solarina Ho TORONTO, March 2 - The Canadian dollar dropped against its U.S. counterpart on Monday, pushed down by lower oil prices and data that showed the country's current account deficit growing faster than expected.

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    Canada's main stock index was little changed on Monday as shares of energy producers weakened with the price of oil, offsetting a gain in the gold-mining sector. The Toronto Stock Exchange's S&P/TSX composite index was up 2.14 points, or 0.01 percent, at 15,236.48 shortly after the open.

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    Shares of GoPro Inc. (GPRO) fell 4% Monday after Chinese smartphone company Xiaomi launched a wearable action camera that offers many of the features of GoPro's Hero camera, but retails at half the cost. The Yi Action Camera will sell for $64, compared with $130 for the low-tier GoPro Hero, though it will initially only be available in China. Northland Capital Markets analyst Gus Richard said that while GoPro (GPRO) has a new competitor in Xiaomi, he believes its entrance validates GoPro's...

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    RIO DE JANEIRO, March 2 (Reuters) - The Brazilian real weakened slightly on Monday after the central bank signaled it was reducing the rollover pace of currency swaps while other Latin American currencies were supported by China's decision to cut interest rates over the weekend. The real lost 0.3 percent after Brazilian policymakers signaled on Friday they would roll over about 80 percent of the currency swaps that expire in April. Those swaps are derivative contracts that provide investors with protection against currency losses. In the past few months, the central bank had been rolling over nearly 100 percent of maturing swaps. Other Latin American currencies, including the those of Mexico and Chile, were steady to slightly weaker as investors digested China's decision to accelerate the pace of monetary easing to boost its manufacturing sector. China is the largest consumer of Latin American commodity exports and concern about its slowing economy has been weighing on emerging markets in general. China's move initially boosted the price of metals such as copper, but that impact faded later. Key Latin American currencies and stock indexes at 1345 GMT Stock indexes daily % YTD % change change Latest MSCI Emerging 989.88 -0.04 3.55 Markets MSCI LatAm 2647.2 -0.26 -2.7 Brazil Bovespa 51445.94 -0.27 2.88 Chile IPSA 3988.52 0.12 3.57 Chile IGPA 19397.04 0.2 2.79 Venezuela IBC 3723.97 1.97 -3.49 Currencies daily % YTD % change change Latest Brazil real 2.8627 -0.29 -7.17 Mexico peso 14.953 -0.04 -1.40 Chile peso 617.3 -0.01 -1.77 Colombia peso 2511.29 -0.47 -4.91 Peru sol 3.093 0.00 -3.69 Argentina peso 8.7250 0.03 -2.01 (interbank) (Reporting by Walter Brandimarte Editing by W Simon)