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Exclusive: SoftBank eyes T-Mobile US as ‘Plan B’

By Paritosh Bansal and Soyoung Kim (Reuters) – SoftBank Corp is in talks with Deutsche Telekom AG over a possible deal for T-Mobile US Inc , as the Japanese company looks for alternatives to enter the U.S. wireless market if its deal with Sprint Nextel Corp falls apart, three sources familiar with the matter said on Friday. SoftBank and Deutsche Telekom were in talks last year about a deal for T-Mobile USA and have had periodic discussions since then, but those conversations have intensified in recent weeks after Dish Network Corp made a $25. …

Euro steadies, shares sag ahead of ECB meeting

By Marc Jones LONDON (Reuters) – The euro remained near a two month high and European shares eased on Thursday, as investors waited to see if the European Central Bank will cut rates and hint at more measures to boost struggling eurozone economies. The ECB is expected to react to the recent downturn in even core euro zone countries like Germany by trimming its main interest rate for the first time in 10 months to a new all-time low of 0.5 percent from 0.75 percent in a statement at 1145 GMT (7.45 a.m. ET). But following Wednesday's message from the U.S. …

Stocks cut gains, Dow turns negative

NEW YORK (Reuters) – Stocks cut their gains on Monday, with the Dow turning negative as initial optimism over a deal to keep Cyprus afloat faded. The Dow Jones industrial average was down 4.55 points, or 0.03 percent, at 14,507.48. The Standard & Poor's 500 Index was up 2.79 points, or 0.18 percent, at 1,559.68. The Nasdaq Composite Index was up 5.60 points, or 0.17 percent, at 3,250.59. (Reporting by Ryan Vlastelica; Editing by Kenneth Barry)

Japan stocks rally, yen resumes fall after G20

TOKYO (Reuters) – Japanese shares jumped closer to a 33-month high as the yen slumped on Monday after Tokyo dodged direct criticism from G20 peers on the aggressive reflation plans that have weakened the currency. The G20 opted not to single out Tokyo, but committed members to refrain from competitive devaluations and said monetary policy would be directed only at price stability and growth. Japan said this decision is a green light to pursue its expansionary policies. The dollar soared 0.7 percent to 94.17 yen inching closer to its highest since May 2010 of 94.465 hit on February 11. …