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ICE considers counter bid for LSEG

THE London Stock Exchange says its merger talks with Deutsche Boerse are continuing amid talk Intercontinental Exchange is considering making an offer.

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FTSE lifted by potential counterbid

THE FTSE has opened up 0.5%, lifted by news of a potential counterbid for London Stock Exchange Group, while miners gained on Chinese stimulus hopes.

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Asian stocks rise on stimulus hopes

ASIAN stocks have risen, as have European stocks, after downbeat PMI surveys raise hopes of more steps from Beijing and the ECB.

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Glencore reports 69% slump in 2015 profits

COMMODITIES giant Glencore has reported a 69 per cent slump in 2015 profits to $US1.34 billion but claims it can deal with even lower commodity prices.

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Lego books 10th year of strong sales

LEGO has booked its 10th year of strong sales, with net profit for 2015 rising more than 30 per cent to 9.2 billion kroner.

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Barclays restructuring as 4Q profit slumps

BARCLAYS says it will restructure, splitting into two entities, and sell down its stake in its African operations as 4Q profits slump to STG247 million.

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US manufacturing shrinks again

A US manufacturing index rose to 49.5 last month from 48.2 in January, but anything below 50 signals a decline.

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China to lay off 5-6 million workers

CHINA will lay off five to six million workers, particularly at "zombie" firms, and will earmark at least $A32.21 billion to cover the redundancies.

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Tabcorp loses in High Court

TABCORP has lost its High Court appeal to obtain a $686 million payment from the Victorian government for the loss of its poker machines licence.

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Gold lifts as $US falls

GOLD claws back the previous session's losses as the US dollar falls and despite hawkish comments from a San Francisco Federal Reserve official.

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Services sector returned to growth in Feb

THE Australian Industry Group's PSI lifted 3.4 points to 51.8 points in February, moving above the 50 mark to indicate the sector is growing.

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Pentagon seeks a few good computer hackers

THE US Defence Department wants to employ a few good computer hackers to test the Pentagon's systems and find vulnerabilities.

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NZ dollar slides against Aussie

AFTER better than expected GDP data out of Australia the NZ dollar slips to a three-month low against its trans-Tasman counterpart.

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Facebook faces German competition probe

SOCIAL network giant Facebook is being investigated by Germany's cartel office, accused of abusing its market power through its collection of user data.

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Global shares hit two-month high

OIL'S upward march and a good finish for US stocks have helped put global markets at their highest point in almost two months.

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Judge backs Argentina in debt standoff

A US judge will lift his orders protecting Argentina's creditors once it clears legislative obstacles and makes full payment on deals it reached by Monday.

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Clouds over Africa as Barclays heads out

BARCLAYS is again looking to get out of Africa, 11 years after the British banking giant bought Sth Africa's Absa.

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Energy CEO McClendon dies in car crash

FORMER Chesapeake Energy Corp CEO Aubrey McClendon has died in a single-car crash a day after being indicted for allegedly colluding to rig acreage bids.

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Oklahoma's Hamm plunges on Forbes list

THE fall in oil prices has led to Continental Resources Inc's CEO Harold Hamm sliding down the Forbes rich list, from 96th place in 2015, to 262nd place.

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