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Romania gears up for more shale gas exploration -minister
Thu May 23, 2013 10:00am EDT * Government has become a supporter of shale gas * Romania among least dependant on Russian gas By Ioana Patran BUCHAREST, May 23 (Reuters) - Romania will soon launch tenders to expand shale gas exploration after Chevron took the lead this month as the government seeks to reduce dependence on costly imports, the energy minister said on Thursday. "The mineral ...
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TABLE-U.S. April single-family home sales rise 2.3 pct
Thu May 23, 2013 10:00am EDT May 23 (Reuters) - U.S. Commerce Department reported sales of new single-family homes, seasonally adjusted, with percent changes from prior month (numbers in 1,000s). Pct Apr Mar Feb Apr'12 Total Units 2.3 454 444 429 352 By Region: Pct Apr Mar Feb Northeast -16.7 30 36 34 Midwest -4.8 ...
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Wall Street to drop at open
New York - US stocks were set for a lower open on Thursday, with the S&P 500 on track for its first back-to-back daily drop in a month, amid investor concerns the US Federal Reserve's stimulus may be scaled back sooner than hoped and over weak data in ...
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Perrigo to switch to NYSE from Nasdaq
PRGO ) today announced that it will transfer its listing from Nasdaq to the New York Stock Exchange on June 6. It will keep its ticker "PRGO". To mark the occasion, company representatives will ring the opening bell. Last ...
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Bank of Canada to auction C$2 bln in 21-day T-bills
TORONTO | Thu May 23, 2013 9:50am EDT TORONTO May 23 (Reuters) - The Bank of Canada on Thursday said it plans to auction up to C$2 billion ($1.94 billion) in 21-day treasury bills in a cash management operation on May ...
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Wall St. Opens Lower After Worldwide Slump
Following market declines around the world, Wall Street opened lower on Thursday after investors were rattled by signs of a slowdown in Chinese manufacturing and a potential easing of central bank support for the economy. The worst drop in share prices was seen in Tokyo, where the Nikkei index fell 7.3 percent, the most since the 2011 tsunami there. In New York, the benchmark Standard ...
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GLOBAL ECONOMY-U.S. Chinese factories struggle Fed hints at less stimulus
Thu May 23, 2013 9:47am EDT * Chinese factory activity declines in May - PMI * U.S. manufacturing activity hits seven-month low * Euro zone downturn eases slightly * Data and comments from Bernanke send shares plummeting By Andy Bruce and Steven C. Johnson LONDON/NEW YORK, May 23 (Reuters) - Chinese factory activity declined in May for the first time in seven months and U.S. manufacturing grew ...
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WRAPUP 2-U.S. jobless claims data suggests labor market strength
* Weekly jobless claims fall 23,000 * Four-week average of claims slip 500 * May factory activity growth at seven-month low By Lucia Mutikani WASHINGTON, May 23 (Reuters) - The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to resilience in the labor market despite belt-tightening by Washington. Still, other data on Thursday suggested ...
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Mexican stocks fall to nearly 8-mo low hit key support
MEXICO CITY | Thu May 23, 2013 9:44am EDT MEXICO CITY May 23 (Reuters) - Mexican stocks fell sharply on Thursday, sinking for the fourth session in a row, hurt by concerns that the U.S. Federal Reserve could scale back its stimulus that has fed demand for riskier assets around the world. The IPC stock index shed as much as 1.62 percent to 39,468 points, hitting near a key support that ...
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BRIEF-KKR sees $4.5 to $7 per share from cash carry
Thu May 23, 2013 9:42am EDT May 23 (Reuters) - KKR & Co LP in investor day: * Private equity co-head Alex Navab says its buyout funds could generate $4.5 to $7 of cash carry per share over ...
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US STOCKS SNAPSHOT-Wall St falls at open on stimulus worry China data
NEW YORK | Thu May 23, 2013 9:37am EDT NEW YORK May 23 (Reuters) - U.S. stocks fell at the open on Thursday, putting the S&P 500 on track for its first back-to-back daily drop in a month, on concerns the U.S. Federal Reserve's stimulus measures may be scaled back sooner than hoped and over weak data in China. The Dow Jones industrial average fell 75.55 points, or 0.49 percent, to ...
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TREASURIES-Bond prices add gains after U.S. factory data
NEW YORK | Thu May 23, 2013 9:25am EDT NEW YORK May 23 (Reuters) - U.S. government debt prices extended gains on Thursday with benchmark yields dipping below 2 percent after a private index of U.S. factory activity fell to a seven-month low, supporting the view of an economic slowdown in the second quarter. Financial data firm Markit said its "flash," or preliminary, U.S. ...
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EU trade chief to seek investment pact with China
Thu May 23, 2013 9:22am EDT * Agreement would protect EU investors in China * Could eventually pave the way for a free-trade deal By Robin Emmott BRUSSELS, May 23 (Reuters) - The European Commission will seek the support of EU governments to launch talks with China on an investment pact that could be a precursor to a free-trade deal if Brussels and Beijing can overcome growing tensions. EU trade ...
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Ally to contribute $2.1 bln to settle ResCap litigation
Thu May 23, 2013 9:22am EDT May 23 (Reuters) - Ally Financial Inc agreed to contribute $2.1 billion to Residential Capital LLC to settle claims that it stripped the bankrupt mortgage subsidiary of choice assets, paving the way for ResCap to pay back its creditors. Under the deal, which was detailed in a court filing on Thursday, Ally will contribute $1.95 billion in cash and Ally anticipates ...
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REUTERS SUMMIT-Colombia to tweak tax rules hunt foreign investors
Thu May 23, 2013 9:21am EDT * Foreign participation in TES market is about 4.5 pct * Gov't hopes tax clarification will boost foreign interest * Official hopes Colombia reaches levels closer to Peru, Mexico By Helen Murphy and Nelson Bocanegra BOGOTA, May 23 (Reuters) - Colombia hopes to attract more foreign money to its local bond market when it clarifies the text of a recent tax reform ...
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EURO GOVT-Bunds advance after Markit U.S. factory index dips
LONDON | Thu May 23, 2013 9:20am EDT LONDON May 23 (Reuters) - German Bund futures reversed losses on Thursday after a key index of U.S. factory activity fell to a seven-month low in May Bund futures were last up 18 ticks on the day at 144.78, having fallen earlier after data showed the number of Americans filing new claims for jobless benefits dropped more than expected last ...
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UPDATE 1-Apax Partners to take rue21 private in $1.1 bln deal
Thu May 23, 2013 9:20am EDT * Deal at 23 percent premium * Deal allows company 40-day go shop period * Rue21 shares up 23.2 pct premarket May 23 (Reuters) - Private equity firm Apax Partners will acquire teen-apparel retailer rue21 Inc in a deal valued at about $1.1 billion, adding to a retail portfolio that includes Cole Haan and Takko Fashion. Rue21 said Apax, which already owns a 30 percent ...
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German soccer clubs setting example on and off pitch
Thu May 23, 2013 9:16am EDT * German rivals to meet for European soccer's top prize * German clubs have stable finances, low ticket prices * Business model meets UEFA blueprint for soccer's future By Karolos Grohmann and Keith Weir BERLIN/LONDON, May 23 (Reuters) - Champions League finalists Bayern Munich and Borussia Dortmund are the envy of soccer fans across Europe for the way the ...
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Argentina to further limit access to dollars-source
BUENOS AIRES | Thu May 23, 2013 9:16am EDT BUENOS AIRES May 23 (Reuters) - Argentines will face a higher barrier to buying dollars under a new government policy limiting the amount of greenbacks they can withdraw using credit cards overseas, a government source with knowledge of the policy told Reuters on Thursday. Double-digit inflation and lack of confidence in the government's ...
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Update-Moodys assigns definitive Caa1 rating to Kloeckner Pentaplasts PIK notes due 2017
Thu May 23, 2013 9:12am EDT Kleopatra Holdings 1 ...
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UPDATE 2-U.S. central bank not that close to winding down stimulus -Bullard
Thu May 23, 2013 9:10am EDT By Marc Jones LONDON May 23 (Reuters) - A senior U.S. central banker sought to give reassurance on Thursday that the Fed is in no hurry to start winding down its economic stimulus after comments by chairman Ben Bernanke sent stock markets tumbling. James Bullard, president of the Federal Reserve Bank of St. Louis, said on Thursday he did not think the Fed was ...
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BRIEF-Residential capital llc asks US bankruptcy court to approve Ally settlement
Thu May 23, 2013 9:08am EDT May 23 (Reuters) - Ally Financial Inc: * Residential capital llc asks US bankruptcy court to approve settlement with Ally Financial Inc * Ally financial inc to increase contribution to residential capital llc estate to $2.1 billion - court docs * Ally financial inc settlement to be $1.95 billion in cash, $150 million anticipated from ally's insurers- court ...
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UPDATE 3-Islamists kill 20 in suicide attacks in Niger
Thu May 23, 2013 9:07am EDT * Areva says 13 staff wounded at plant in Arlit * Some 20 soldiers killed, 16 wounded in barracks attack * Minister says MUJWA militant group claims responsibility By Abdoulaye Massalatchi NIAMEY, May 23 (Reuters) - Islamist suicide bombers struck a barracks and a French-run uranium mine in Niger on Thursday, officials said, killing 20 people and wounding dozens in ...
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BRIEF-Rue21 shares rise 23.4 percent in premarket trade after says to go private
NEW YORK | Thu May 23, 2013 9:04am EDT NEW YORK May 23 (Reuters) - rue21 inc : * Shares rise 23.4 percent in premarket trade after says to go ...
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UPDATE 1-Ralph Lauren sales miss estimates but it sees a pick-up
Thu May 23, 2013 9:03am EDT May 23 (Reuters) - Ralph Lauren Corp on Thursday reported sales that fell below its own projections, hurt by fewer deliveries to European department stores, but gave a fiscal year forecast that suggests it expects its overall business to pick up. Shares, which hit a 52-week high on Wednesday, fell 4 percent to $181.00 from $188.06 in premarket trading. The fashion ...
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