Latest US Markets News
RSS-
HSBC leads European shares lower in jittery trade
Fri May 24, 2013 7:30am EDT * FTSEurofirst 300 down 0.5 pct, FTSE 100 down 0.7 pct * HSBC drags indexes on fears about U.S. case settlement * Selling pressure piles up as indexes test support By Francesco Canepa LONDON, May 24 (Reuters) - European shares edged lower on Friday, dragged down by heavyweight bank HSBC and some technical selling as key indexes tested support levels, igniting concerns ...
-
Brazils CPFL Renovveis revives IPO plans as market gains steam
SAO PAULO | Fri May 24, 2013 7:20am EDT SAO PAULO May 24 (Reuters) - CPFL Energias Renovveis SA, the alternative energy unit of Brazilian utility CPFL Energia SA , revived plans for an initial public offering, seven months after scrapping them on concern of growing government meddling in the electricity sector. The Sao Paulo-based company said late on Thursday it asked regulators to ...
-
Fiat Chairman said group never tried not to pay taxes in Italy
BAGNIA, Italy | Fri May 24, 2013 7:18am EDT BAGNIA, Italy May 24 (Reuters) - Fiat Chairman John Elkann, at the centre of a political controversy in Italy over plans by truck and tractor maker Fiat Industrial to move its fiscal residence to Britain, said his group had never tried not to pay taxes in Italy, "This is just argument for argument's sake, it is not the reality. No one ...
More US Markets News
RSS-
UPDATE 1-Switzerlands top tax diplomat to step down
Fri May 24, 2013 7:18am EDT * Ambuehl chief negotiator in U.S. tax talks * Also leads talks with EU over corporate tax * Swiss Fin Min signalled deal could come soon ZURICH, May 24 (Reuters) - Switzerland's top representative on international financial affairs will step down at the end of August, the finance ministry said on Friday, as negotiations with the United States and the European ...
-
RPT-Fitch Affirms OHL BB- Outlook Stable
Fri May 24, 2013 7:17am EDT May 24 (Reuters) - (The following statement was released by the rating agency) Fitch Ratings has affirmed Obrascon Huarte Lain's (OHL) Long-term Issuer Default (IDR) and senior unsecured ratings at 'BB-'. The Short-term IDR is affirmed at 'B' and Outlook Stable. OHL's business is split between construction activities financed with unsecured ...
-
Brazil consumer confidence index falls in May - FGV
SAO PAULO | Fri May 24, 2013 7:17am EDT SAO PAULO May 24 (Reuters) - An index that measures consumer confidence in Brazil fell to a reding of 113.4 in May from 113.9 in April, research group Fundao Getulio Vargas said on ...
-
BRIEF-Abercrombie Fitch shares down 7.1 pct premarket
NEW YORK | Fri May 24, 2013 7:17am EDT NEW YORK May 24 (Reuters) - Abercrombie & Fitch Co : * Shares down 7.1 percent in premarket trading after ...
-
China to issue 26b yuan in two-year T-bonds
The Ministry of Finance (MOF) said Friday that it will sell 26 billion yuan (4.2 billion US dollars) in two-year book-entry treasury bonds. The issuance marks the ministry's 12th issuance of book-entry treasury bonds this year, the ministry said in a statement on its website. ( The bonds carry a fixed annual interest rate of 2.98 percent. The interest will be paid every year on May 27, ...
-
UPDATE 1-U.S. tornado insured losses estimated at $2 bln-$5 bln
Fri May 24, 2013 7:11am EDT May 24 (Reuters) - Tornadoes that struck the United States from May 18 to May 20 caused anywhere from $2 billion to $5 billion in insured losses, disaster modeling company Eqecat said. The firm said most of the losses were attributed to the tornado that devastated Moore, Oklahoma, last Monday. Eqecat said some 76 tornadoes struck across 10 states over a three-day ...
-
EURO GOVT-Bunds hit two-month lows on stronger German Ifo
Fri May 24, 2013 7:07am EDT * German Ifo rises more than expected in May * Contrasting euro zone/U.S. outlooks to keep Bunds volatile * German debt seen increasingly sensitive to data By Marius Zaharia LONDON, May 24 (Reuters) - Bund futures hit two-month lows on Friday after the German Ifo business survey beat forecasts, although the grim outlook for the euro zone economy limited losses. The ...
-
New PG CEO to get base salary of $2 million
Fri May 24, 2013 7:05am EDT May 24 (Reuters) - Procter & Gamble Co will pay A.G. Lafley, the former chief executive it brought back on Thursday to run the world's largest household products maker, a base salary of $2 million a year, it said in a regulatory filing on Friday. Lafley, who was CEO 2000 to 2009, on Thursday replaced his successor, Bob McDonald, and was also named chairman and ...
-
Group linked to Algeria gas plant attack claims Niger raids
ABIDJAN (Reuters) - An al Qaeda-linked group that carried out the raid on the In Amenas gas plant in Algeria in January has claimed to have participated in Thursday's attacks in ...
-
METALS-Copper steady as investors ponder U.S. Chinese data
By Silvia Antonioli and Manolo Serapio Jr LONDON/SINGAPORE, May 24 (Reuters) - Copper was little changed on Friday as investors weighed the potential impact on metals demand of Thursday's data providing a more upbeat U.S. jobs picture but also showing slower industrial activity in top metals consumer China. Benchmark copper on the London Metal Exchange traded at $7,288.50 a tonne by 0958 ...
-
InterOil in talks with Exxon to develop Papua New Guinea assets
Fri May 24, 2013 6:42am EDT May 24 (Reuters) - Liquefied natural gas producer InterOil Corp and its joint venture partner have entered into exclusive negotiations with Exxon Mobil Corp to develop gas fields in Papua New Guinea. The discussions include the possibility of an Exxon unit, ExxonMobil Papua New Guinea Ltd, taking an interest in petroleum retention license 15, InterOil said. InterOil ...
-
Update-Moodys upgrades UK Non-Conforming RMBS notes issued by RMAC 2004-NSP2 PLC
Fri May 24, 2013 6:41am EDT RMAC 2004-NSP2 ...
-
GLOBAL MARKETS-Shares steady but stimulus fears still present
Fri May 24, 2013 6:38am EDT * World shares attempt tentative recovery * Fed officials try to reassure on stimulus timing * Euro gains as better Ifo makes ECB easing less likely By Richard Hubbard LONDON, May 24 (Reuters) - World share markets looked vulnerable to further falls on Friday, with better economic news from Europe doing little to encourage investors who are worried that central bank ...
-
Japan life insurers may keep money at home as bond yields rise
By Taiga Uranaka TOKYO | Fri May 24, 2013 6:32am EDT TOKYO May 24 (Reuters) - Japanese life insurers are giving signs that they may not send much more of their $3 trillion in assets abroad this year, as Japanese government bond yields start picking up, despite hinting last month that they might boost their foreign bond holdings to seek higher returns. Investors have been spurred to ...
-
UPDATE 1-Novo obesity drug could launch in U.S. end 2014
Fri May 24, 2013 6:20am EDT * Sees U.S. launch of liraglutide end 2014 or early 2015 * Analysts divided on likely commercial success * Bulls see peak sales of $4 bln, but reimbursement key * Novo shares up 0.7 percent, outperforming sector COPENHAGEN, May 24 (Reuters) - Danish drug maker Novo Nordisk said it could launch obesity treatment liraglutide in the United States by the end of next year ...
-
Global follow-on share offerings hit all-time high
LONDON | Fri May 24, 2013 6:12am EDT LONDON May 24 (Reuters) - Global follow-on share sale volumes have hit their highest year-to-date level since records began in 1980, powered by sellers taking advantage of rallying stock markets, Thomson Reuters data showed on Friday. According to the data, follow-on activity, which includes share offerings such as stake sales and rights issues, ...
-
German Q2 GDP growth to outpace first quarter considerably - Ifo economist
European Central Bank to a historic low of 0.50 percent has had only a psychological effect in Germany, if at all. Earlier, the Munich-based Ifo think tank's business climate index for May improved to 105.7 from 104.4 in April, while the German statistics office confirmed that gross domestic product rose by a tepid 0.1 percent in the first quarter over the three months to December. ...
-
UPDATE 1-Academics back BPs fight to cap oil spill payouts
Fri May 24, 2013 6:08am EDT * Claims, payout rate may mean charge against 2014 profit * Accountancy professors represented by top lawyer * Appeal hearing set for July 8 By Andrew Callus LONDON, May 24 (Reuters) - A group of accountancy professors is backing BP's fight to cap the U.S. oil spill compensation payouts it has to fund as the cash outflow threatens to add billions of dollars to its ...
-
Banks in the spotlight in debate over UK listing rules
By Clara Ferreira-Marques and Kylie MacLellan LONDON (Reuters) - As Britain's stock market watchdog pores over the implications of scandals at mining companies ENRC and Bumi, the role of sponsor banks who helped lead their listings is coming ...
-
Tighter oil market will boost unloved energy stocks-Investec
Fri May 24, 2013 6:04am EDT * U.S. shale oil production will disappoint * Market will tighten quickly going into the summer * Gas and oilfield services companies seen benefiting By Claire Milhench LONDON, May 24 (Reuters) - A tighter oil market in the second half of 2013 will boost some energy stocks, which have trailed the rest of the equity market though the rally, said Charles Whall, ...
-
The European currencies and yen open on a relatively firm tone
The appetite for risk is mixed ahead of the US open after improving in the second half of Thursday. Now that the market had a chance to analyze Wednesday's Federal Reserve reiteration of the likely scaling back its asset purchase program in June and saw Germany's good Ifo report, volatility must subside. But it persisted for the Nikkei 225. The European currencies and yen open on a ...
-
Deals of the day -- mergers and acquisitions
Fri May 24, 2013 6:00am EDT May 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Friday: ** Toshiba Corp and U.S. private equity firm Kohlberg Kravis Roberts & Co are among those expected to bid for Panasonic Corp's healthcare business, financial sources with knowledge of the matter said. ** 3i Group Plc is taking over the European ...
News from around our Network
