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UPDATE 1-Uralkali to delay potash expansion if BHP mine proceeds
Wed May 22, 2013 11:38am EDT By Rod Nickel WINNIPEG, Manitoba May 22 (Reuters) - Russia's Uralkali OAO would delay two of its potash mine expansion projects for as long as a decade if rival BHP Billiton gave final approval to building the world's biggest mine of the crop nutrient, Uralkali's chief executive said in an interview. Uralkali is aiming to become the largest global ...
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European shares rise on Bernanke stimulus comments
LONDON | Wed May 22, 2013 11:37am EDT LONDON May 22 (Reuters) - European equities climbed to a new five-year high on Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank would retain its monetary stimulus measures until the economy improved. Analysts stayed positive on the stock market's near-term outlook and said the recent gains were likely to continue and ...
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Feds Bernanke testifies to joint congressional panel
WASHINGTON, May 22(Reuters) - For highlights of the question and answer session of Federal Reserve Chairman Ben Bernanke's testimony on the U.S. economy to the congressional Joint Economic Committee on Wednesday, please see ...
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UPDATE 1-Boeing CEO says interest in 777X is high
Wed May 22, 2013 11:35am EDT May 22 (Reuters) - Boeing Co Chief Executive Jim McNerney said on Wednesday customer interest in the 777X wide-body airplane is "high and still growing," and he expects to formally launch the aircraft program later this year. The company began offering the next-generation plane to customers May 2. Ray Conner, who heads the company's commercial airplane ...
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Boeing says 787 battery retrofits to be done by next week
BA.N ) is 90 percent finished with retrofits of the battery system on its 787 Dreamliner and should finish the rest by next week, Ray Conner, president of the company's commercial airplane division, told an investor conference on ...
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US STOCKS-Wall Street rises as concern eases over Fed tapering
Wed May 22, 2013 11:09am EDT * S&P, Dow hit fresh historic highs, gains prove fleeting * Bernanke touts benefits of Fed easing * Saks rallies on report it could sell itself * Dow up 0.4 pct, S&P up 0.3 pct, Nasdaq up 0.2 pct By Rodrigo Campos NEW YORK, May 22 (Reuters) - U.S. stocks rose on Wednesday, giving up some gains after an initial rally, after Federal Reserve Chairman Ben Bernanke said ...
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HIGHLIGHTS-Bernankes QA testimony to congressional panel
WASHINGTON, May 22(Reuters) - Below are highlights of the question and answer session of Federal Reserve Chairman Ben Bernanke's testimony on the U.S. economy to the congressional Joint Economic Committee on Wednesday. BERNANKE ON NO MBS SALES IN EXIT: "We have not updated the exit strategy we put out two years ago, which included sales of MBS, and as I said, we have not done that yet ...
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UPDATE 1-Germany takes bilateral paths to tackle EU jobs crisis
Wed May 22, 2013 10:49am EDT * Deals with Portugal, Spain and France * Berlin aims to get speedier response than EU * Critics say efforts are belated By Annika Breidthardt BERLIN, May 22 (Reuters) - Germany is banking on bilateral deals to fight record youth unemployment in the euro zone, agreeing to cooperate with several countries to bypass pan-European bureaucracy. On Wednesday, Finance ...
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Europe shares cut gains Bunds dip as Bernanke speaks
LONDON | Wed May 22, 2013 10:47am EDT LONDON May 22 (Reuters) - European shares erased gains and Bund futures hit session lows on Wednesday after Federal Reserve Chairman Ben Bernanke said the Fed will gradually reduce the flow of asset purchases if the labour market improved in a sustainable way. Bund futures briefly hit a session low of 144.39, before rebounding to last trade 34 ticks ...
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US STOCKS SNAPSHOT-Wall Street cuts gains as Bernanke speaks
NEW YORK | Wed May 22, 2013 10:44am EDT NEW YORK May 22 (Reuters) - U.S. stocks sharply cut gains after climbing as much as 1 percent earlier as investors parsed comments from Federal Reserve Chairman Ben Bernanke, who was speaking before Congress. The Dow Jones industrial average gained 69.11 points, or 0.45 percent, to 15,456.69. The Standard & Poor's 500 Index added 6.24 ...
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GLOBAL MARKETS-Shares rise after Bernanke comments
* Dollar index up slightly after Bernanke * Wall Street rises, S&P at new high; Europe also up * German bond yields ease, Treasuries firm * European shares ease off multi-year highs By Ryan Vlastelica NEW YORK, May 22 (Reuters) - Stock markets around the world rose on Wednesday after Federal Reserve Chairman Ben Bernanke signaled that the U.S. central bank's stimulus program would remain ...
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WRAPUP 2-Bernanke offers no hint of pullback in Fed stimulus
Wed May 22, 2013 10:42am EDT By Pedro da Costa and Alister Bull WASHINGTON May 22 (Reuters) - The Federal Reserve's monetary stimulus is helping the U.S. economy recover but the central bank needs to see further signs of traction before taking its foot off the gas, Fed Chairman Ben Bernanke said on Wednesday. In testimony that offered no sign that he is ready to retreat from the Fed's ...
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Mexicos Homex says arguably in default on some debt
MEXICO CITY | Wed May 22, 2013 10:40am EDT MEXICO CITY May 22 (Reuters) - Failure to meet payments due on derivatives "arguably" constitutes an event of default on debt owed by Mexico's second-largest homebuilder Homex , the company disclosed in a filing on Wednesday. Barclays' Mexico unit and Credit Suisse are suing Homex in New York courts over missed payments on ...
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Mexico stocks rise after Bernanke hints at steady stimulus
MEXICO CITY | Wed May 22, 2013 10:39am EDT MEXICO CITY May 22 (Reuters) - Mexican stocks jumped on Wednesday after Federal Reserve chairman Ben Bernanke suggested in a speech that it is not yet time to rein in U.S. monetary stimulus, which has boosted demand for riskier assets around the world. The IPC stock index rose just over 1 percent to 40,969 before hitting resitance and pulling ...
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Regulatory watchdog FINRA to oversee Direct Edges surveillance
NEW YORK | Wed May 22, 2013 10:37am EDT NEW YORK May 22 (Reuters) - The Financial Industry Regulatory Authority said on Wednesday that U.S. exchange operator Direct Edge has agreed to allow the regulatory watchdog to look out for abusive trading activity on its two stock exchanges. FINRA will now have surveillance oversight of more than 90 percent of U.S. equity trading volume under an ...
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WRAPUP 1-U.S. existing home sales highest in almost 3-12 years
Wed May 22, 2013 10:36am EDT * Existing home sales rise 0.6 percent in April * Home resales highest since November 2009 * Tight inventories remain a constraint to faster sales pace * Median home price highest since August 2008 By Lucia Mutikani WASHINGTON, May 22 (Reuters) - U.S. home resales rose in April to the highest level in nearly 3-1/2 years, which should support the housing sector and ...
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Wall St. extends gains after Bernanke comments
U.S. stocks extended gains on Wednesday immediately following prepared testimony from Federal Reserve Chairman Ben Bernanke before a congressional panel.The head of the central bank said monetary stimulus is helping the economy recover, and the Fed needs to see further signs of traction before taking its foot off the ...
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Stocks Nearly Flat As Early Buying Interest Fades - U.S. Commentary
After failing to sustain an early upward move, stocks have shown a lack of direction over the course of morning trading on Tuesday. The major averages have pulled back near the unchanged line after moving modestly higher in early trading. The early strength on Wall Street was partly due to a positive reaction to better than expected quarterly results from home improvement giant Home Depot (HD), ...
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Deputy Treasury Secretary says agency played no role in IRS targeting of conservative groups
WASHINGTON - The Treasury Department's No. 2 official told Congress on Wednesday that his agency played no role in the Internal Revenue Service's targeting of conservative groups.Deputy Secretary Neal Wolin made the statement in testimony he prepared to deliver to the House Oversight and Government Reform Committee. At the same hearing, the star witness - IRS official Lois Lerner - was ...
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Tech Stocks NetApp Apple rise Microsoft Oracle slide
SAN FRANCISCO (MarketWatch) -- Apple Inc. and NetApp Inc. led the tech sector higher Wednesday, but the group was weighed down by declining shares of Oracle Corp. and Microsoft ...
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Currencies Dollar falls as investors await Bernanke
NEW YORK (MarketWatch) -- The U.S. dollar fell Wednesday as investors waited to hear Federal Reserve Chairman Ben Bernanke's view of the U.S. economy and what that may mean for the Fed's bond-buying ...
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Market Snapshot U.S. stocks creep up before Bernanke testifies
NEW YORK (MarketWatch) -- U.S. stocks moved up modestly in Wednesday's early going before Federal Reserve Chairman Ben Bernanke's much-anticipated appearance in front of ...
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UPDATE 1-Clearwire recommends approval of sweetened Sprint bid
Wed May 22, 2013 10:28am EDT * Says Sprint offer is best option * Schedules shareholder vote for May 31 * Clearwire shares fall below offer price NEW YORK, May 22 (Reuters) - Clearwire Corp said its special committee and its board of directors approved Sprint Nextel Corp's sweetened offer to take over the company and advised shareholders to vote for the deal. Wireless service provider ...
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CORRECTED-White House threatens veto of bill to bypass Obama on Keystone
Wed May 22, 2013 10:24am EDT (Corrects to 67 from 60 the votes needed in Senate to overcome presidential veto) By Ros Krasny WASHINGTON May 21 (Reuters) - The White House has threatened to veto legislation pending in the U.S House of Representatives that could strip from President Barack Obama the authority to approve the controversial Keystone XL pipeline. The Republican-controlled House is ...
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China to float 30b yuan in 10-year T-bonds
/enpproperty--> BEIJING - The Ministry of Finance (MOF) announced Wednesday that it will float 30 billion yuan ($4.8 billion) in 10-year book-entry treasury bonds. The issuance is the ministry's 11th batch of book-entry treasury bonds this year. The interest rate for the bonds is fixed at 3.38 percent. Interest will be paid every half year, with the last interest and the principal ...
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