A look at economic developments and activity in major stock markets around the world Tuesday:
BERLIN _ Greece's international creditors see "significant risks" that the country might fail to bring down its debt burden within targets, meaning it would require more rescue loans.
LONDON _ Global stocks were having one of their worst days this month as investors booked some profits following the recent strong run and amid concerns over China's economic growth and the impact of high oil prices on business.
In Europe, the FTSE 100 index of leading British shares closed 1.2 percent lower while Germany's DAX fell 1.4 percent. The CAC-40 in France lost 1.3 percent. The euro was almost 0.1 percent lower.
TOKYO _ In Asia, Chinese shares led the retreat with the Shanghai Composite Index closing 1.4 percent lower.
Elsewhere in Asia, trading volume was low because Japan's markets were closed for a national holiday. Hong Kong's Hang Seng index fell 1.1 percent and South Korea's Kospi retreated 0.2 percent.
WASHINGTON _ The Obama administration granted exemptions from U.S. economic sanctions to 10 European Union countries and Japan because they have significantly reduced their purchases of petroleum from Iran.
WASHINGTON _ The U.S. Commerce Department has imposed new import fees on solar panels made in China, finding that the Chinese government is improperly giving subsidies to manufacturers of the panels there.
LONDON _ Britain's main inflation rate fell to 3.4 percent in the year to February from 3.6 percent the previous month, official figures showed.
MADRID _ Interest rates fell sharply in Spain's sale of $6.6 billion of short-term debt, in another sign that investors remain confident the country will avoid needing a financial bailout.
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