British shares fell on Tuesday, dragged down by energy and bank stocks, as new lockdowns and slow vaccine rollouts across Europe stoked fears over the pace of economic recovery, while Cineworld rose after plans to reopen its theatres.

Norwegian renewable energy producer Scatec plans to invest 100 billion Norwegian crowns ($11.8 billion) by the end of 2025 in a drive to increase output capacity fivefold, the company said on Tuesday.

Widespread expectations of a coming U.S. economic boom are forcing bond fund managers to dust off their playbooks to combat a nemesis they have not had to worry about for more than a decade: inflation.

Asian stocks reversed earlier gains on Tuesday, dragged down by declines in Chinese markets, which were jolted by a new round of sanctions, after ebbing inflation fears had helped shore up broader sentiment in the region.

* Graphic: World FX rates https://tmsnrt.rs/2RBWI5E * Philippine shares recovers after 2 days of losses * S. Korea shares falls for third straight day * India's top court rules against extension of loan moratoriums March 23 (Reuters) - Philippine shares bounced back on Tuesday...

Round-up of South Korean financial markets:

When Saudi journalist Jamal Khashoggi was killed in 2018, London-based hedge fund manager Dominic Armstrong bet investors would be turned off and the kingdom's debt would take a beating.

Yields on longer term Japanese government bonds fell, tracking U.S. Treasuries as investors bet on a faster economic recovery in the United States and higher inflation pressures.

Demand for U.S. Treasuries will be tested this week as $183 billion of notes are due to be auctioned, with one seven-year note sale likely to be closely watched after an auction of that maturity stumbled last month.

* Graphic: World FX rates https://tmsnrt.rs/2RBWI5E * Eyes on Powell, Yellen comments * Philippine shares recover after 2 days of losses * Singapore inflation data due later in the day By Shruti Sonal March 23 (Reuters) - Most emerging Asian stocks inched higher on Tuesday...

Asian stocks reversed earlier gains on Tuesday, weighed by Chinese markets as investors took profit on a recent rally in some mainland firms, although ebbing inflation fears helped shore up broader sentiment in the region.

The following table shows rates for Asian currencies against the dollar at 0223 GMT. Currency Latest bid Previous Pct day Move Japan yen 108.730 108.83 +0.09 Sing dlr 1.341 1.3403 -0.05 Taiwan dlr 28.472 28.492 +0.07 Korean won 1128.200 1128.4 +0.02 Baht 30.970 30.91 -0.19...

* KOSPI slides, foreigners net sellers * Korean won flat against U.S. dollar * South Korea benchmark bond yield falls SEOUL, March 23 (Reuters) - Round-up of South Korean financial markets: ** South Korean shares slipped for a third straight session on Tuesday, hit by concerns...

IT solutions firm Synnex Corp said on Monday it will merge with peer Tech Data in a deal worth about $7.2 billion, including debt, creating one of the world's biggest IT distribution companies and sending Synnex's shares up 6.5%.

Treasury Secretary Janet Yellen will paint an optimistic picture for the U.S. economy as it emerges from the coronavirus pandemic, telling U.S. lawmakers on Tuesday that she sees both growth and possibly full employment next year - due to President Joe Biden's coronavirus...

* New scheme spares need for co-financing with private lenders

Japan's government on Tuesday unveiled measures to help midsize and large companies boost capital funds, officials said, a step aimed at backing mainly restaurants and lodging businesses hit hard by coronavirus restrictions.

Mexico's economy "could easily" grow more than 5% in 2021, the finance ministry said on Monday, adding that the government aims to come up with ways to reduce tax evasion before discussing potential tax reform.

Asian stocks were set to track Wall Street gains on Tuesday as bond yields pulled back, easing concerns about inflation although investors are keeping a close eye on rising COVID-19 cases in Europe.

The faster-than-expected U.S. economic recovery may not prevent a massive loss of small businesses across the country, with federal lending and other programs perhaps only serving to postpone a reckoning, Federal Reserve Governor Michelle W. Bowman said on Monday.