CANADA STOCKS-TSX may open higher on global recovery hopes

Fri Mar 15, 2013 8:18am EDT
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March 15 (Reuters) - Toronto's main stock index looked set to open slightly higher before a spate of U.S. data that could bolster hopes of continuing growth in the world's largest economy.


* In a blow to two major Wall Street banks, the Federal Reserve told Goldman Sachs Group Inc and JPMorgan Chase & Co that they must fix flaws in how they determine capital payouts to shareholders, but still approved their plans for share buybacks and dividends.

* Samsung Electronics Co premiered its latest flagship phone, the Galaxy S4, which sports a bigger display and unconventional features such as gesture controls, as the South Korean titan challenges Apple on its home turf.

* International Business Machines Corp and EMC Corp are among parties in talks to buy privately held database web hosting company SoftLayer Technologies Inc, in a deal that could fetch over $2 billion, three sources close to the matter said.

* Japan's parliament approved Haruhiko Kuroda as the next governor of the Bank of Japan, paving the way for more vigorous monetary stimulus sought by Prime Minister Shinzo Abe as part of

his economic revival plan.

* A cooling of food price pressures in February brought euro zone inflation to its lowest level since mid-2010 and modest wage growth in late 2012 added to signs that the European Central Bank has room for an interest rate cut.   Continued...