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WRAPUP 1-Fed seen keeping options open on pace of bond buying
Wed Jun 19, 2013 12:59am EDT * No change expected in Fed's bond purchase pace * Fed's inflation language to face scrutiny * Bernanke to stress difference between tapering, tightening By Alister Bull WASHINGTON, June 19 (Reuters) - Federal Reserve policymakers will likely announce on Wednesday that they will keep buying bonds at a monthly pace of $85 billion, while keeping their options ...
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GM says no plans to invest more in struggling PSA
SHANGHAI, June 19 | Wed Jun 19, 2013 12:57am EDT SHANGHAI, June 19 (Reuters) - General Motors Co reiterated on Wednesday that it has no immediate plans to invest further in its struggling European partner PSA Peugeot Citroen , which is cutting 8,000 jobs and closing a domestic plant to stay afloat. "We don't have any intention of investing additional funds into PSA at this ...
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The European currencies and yen are consolidating
The appetite for risk is limited by the Fed meeting ending later on Wednesday. The equity markets have been in a seesaw recently while trying to gauge the Fed's pace of tempering its quantitative easing. The European currencies and yen are consolidating, and the commodity currencies are trading lower, essentially preserving Tuesday's pattern. The Asian stock markets are rising in line ...
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REFILE-FOREX-Dollar edges down vs yen as Fed Bernanke awaited
* Market seeks clarity on Fed's next policy step * Aussie in the crosshairs against US dollar, euro By Lisa Twaronite and Wayne Cole TOKYO/SYDNEY, June 19 (Reuters) - The dollar drifted lower against the yen in Asia on Wednesday but major currency moves were small as investors waited the outcome of the Federal Reserve's policy meeting and hoped for some clear signals on the future of ...
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Rhode Island on track to make payment on 38 Studios bonds
Reuters © Former MLB player Curt Schilling talks with a reporter at the Electronic Entertainment Expo, or E3, in Los Angeles, California June 9, 2011. REUTERS/David ...
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Wall Street opens higher boosted by New York manufacturing data
U.S. stocks opened broadly higher Monday, as investors awaited Wednesdays Fed policy meeting, with increasing confidence that the Fed wont start tapering in super-easy ...
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Wall Street close in green ahead of the Feds meeting tomorrow
U.S. stocks closed higher Tuesday after U.S. housing starts and consumer inflation rose below estimates last month as investors await the end of the Federal Open Market Committee meeting ...
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EU shares rose ahead of the Federal Reserve decision
The European Union saw its market opening and closing the day in green to actually rebound from their longest streak of weekly losses in 14 months as investors awaited this week’s Federal Reserve meeting for signs on the pace of stimulus ...
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Netflix to bring video streaming service to The Netherlands
June 18 | Wed Jun 19, 2013 12:00am EDT June 18 (Reuters) - Netflix Inc will launch its TV and movie streaming service in The Netherlands later this year, expanding its reach further into Europe, the company said on Tuesday. Netflix boasts 29.2 million streaming subscribers in the United States and 7.1 million in international markets, delivering movies and television shows to Canada, ...
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TREASURIES-Bonds on hold in Asia await Fed tapering clues
TOKYO, June 19 | Tue Jun 18, 2013 11:36pm EDT TOKYO, June 19 (Reuters) - U.S. Treasuries were steady in Asia on Wednesday as investors looked for clarity from the U.S. Federal Reserve on exactly how the central bank plans to taper its stimulus programme after it concludes its June policy meeting later in the day. * The 10-year notes yield stood at 2.187 percent , flat from late U.S. ...
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California senators want more information on oil well acid jobs
By Braden Reddall SACRAMENTO, Calif., June 18 | Tue Jun 18, 2013 11:31pm EDT SACRAMENTO, Calif., June 18 (Reuters) - California state legislators on Tuesday told regulators and oil industry lobbyists they wanted more information about the use of acid to increase flows in wells in a technique that is used more often in the state than the controversial fracking method. California's ...
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Empire State Building gets left-field $2 billion offer to sell
NEW YORK, June 18 | Tue Jun 18, 2013 11:24pm EDT NEW YORK, June 18 (Reuters) - A New York City real estate company offered to buy the Empire State Building for $2 billion, a written offer showed, significantly below the skyscraper's appraisal price and about three weeks after investors in the iconic building approved a plan to take the tower public in a real-estate investment ...
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HIGHLIGHTS-Q2 ThomsonReutersINSEAD Asia Business Sentiment Survey - by sector
MUMBAI, June 19 | Tue Jun 18, 2013 11:19pm EDT MUMBAI, June 19 (Reuters) - Optimism among Asia's top companies gathered momentum in the second quarter despite lingering concerns about the global economy and rising costs, the latest Thomson Reuters/INSEAD Asia Business Sentiment Survey published on Wednesday showed. The Thomson Reuters/INSEAD Asia Business Sentiment Index climbed ...
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UPDATE 1-GM aims for 10 pct of Chinas luxury car market by 2020
Tue Jun 18, 2013 11:09pm EDT SHANGHAI, June 19 (Reuters) - General Motors Co said on Wednesday it aims to quadruple its share of China's luxury auto market to 10 percent by 2020 as the U.S. automaker launches new Cadillac models and expands its distribution network in the world's largest car market. Bob Socia, head of GM's China operation, shared Cadillac's China growth target in ...
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UPDATE 1-Asia business sentiment rises in Q2 global growth risk still dominates
Tue Jun 18, 2013 11:06pm EDT * ThomsonReuters/INSEAD sentiment index at 71 vs 65 in Q1 * Global economy remains biggest concern * Sentiment in China continues at record low * "Extreme fears" are beginning to fade-economist By Miyoung Kim SEOUL, June 19 (Reuters) - Asia's top companies have become more optimistic about their business outlook with the retail and shipping industries ...
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INDIA-PRESS-TCS HCL eyeing $500 mln Pepsi outsourcing contract - Mint
Tue Jun 18, 2013 10:59pm EDT ---------- PREVIOUS ITEMS Air traffic picks up in May, IndiGo stays on top - Economic ...
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What if Wall Street doesnt like what Fed says
One analyst's take: 'We are so screwed' when bond buying eases NEW YORK -- Ever since it began injecting cash into the financial system in 2008, the Federal Reserve has been compared to a drug dealer by critics. The Fed's bond-buying and zero-interest-rate policy, they say, is akin to a performance-enhancing, steroid-like drug with the addictive quality of crack cocaine. ...
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Nikkei rises 1.3 pct on weak yen Fed hopes Softbank soars
* Investors still cautious ahead of Fed outcome * Softbank soars after Dish abandons Sprint bid * Tepco tumbles as highly toxic substance found at plant By Ayai Tomisawa TOKYO, June 19 (Reuters) - Japan's Nikkei share average rose to a one-week high on Wednesday morning, underpinned by optimism that the U.S. Federal Reserve would temper worries about an imminent roll back of its stimulus ...
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New York state announces plan for board to help cash-strapped cities
New York Governor Andrew Cuomo arrives for a meeting with Appropriations Committee Chairman and Vice-Chairman Senator Daniel Inouye and Senator Thad Cochran on Capitol Hill in Washington, December 3, ...
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California City Wants Team Sues Major League Baseball
LOS ANGELES ...
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JGBs little changed as investors seek clarity on Fed policy
TOKYO, June 19 | Tue Jun 18, 2013 10:21pm EDT TOKYO, June 19 (Reuters) - Japanese government bonds were little changed on Wednesday in thin trading as investors look to how the U.S. Federal Reserve plans to slow down its bond buying. * Investors think Fed Chairman Ben Bernanke might signal the Fed will start trimming its bond buying in September while stressing that tapering of ...
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Kodak prepares $406 million offering as it eyes bankruptcy exit
on Tuesday said it will seek court approval for a $406 million (259.7 million pounds) rights offering that could give creditors a big equity stake in the company after it emerges from Chapter 11 bankruptcy protection.Kodak said creditors agreed to backstop an offering that would let the Rochester, New York-based company issue 34 million common shares at $11.94 each, equal to about 85 percent of ...
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Australian Market Trades Higher On Wall Street Lead
The Australian stock market is trading higher on Wednesday with investors indulging in some brisk buying in mining, energy and industrial stocks, tracking positive cues from Wall Street, where the major averages surged higher overnight on the back of some encouraging economic data.The benchmark S&P/ASX 200 index, which advanced to 4,844.8 in early trades, is currently trading at 4,825, up ...
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All Eyes Are On The Federal Reserve And Thats The Problem
(Image credit: Getty Images via @daylife) To read the financial and economic commentariat right now is to know that all eyes are on the Federal Reserve. Will it or won't it cease buying Treasuries and agency paper, will it or won't it raise the rate it sets for short-term credit? If the pundits are to be believed, such information will impact the allocation of trillions of dollars ...
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UPDATE 2-U.S. SEC to seek admissions in some settlements -White
Tue Jun 18, 2013 9:42pm EDT * SEC will use no admit, no deny settlements in most cases * White says SEC will only seek admission in selective cases * SEC settlement policy has come under scrutiny by judges * White acknowledges this may push more cases to trial * SEC also mulling some structural changes in enforcement By Sarah N. Lynch WASHINGTON, June 18 (Reuters) - U.S. securities regulators ...
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