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UK Stocks-Factors to watch on Weds. May 22
Wed May 22, 2013 2:39am EDT LONDON May 22 (Reuters) - Britain's FTSE 100 is seen opening mixed on Wednesday with financial bookmakers calling the index to open between down by 11 points and up by 13 points. For more on the factors affecting European stocks, please click on * Britain's blue chip share index closed within sight of its all-time high on Tuesday, lifted by mining stocks and ...
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Russian banker has his eye on Europe
Wed May 22, 2013 2:32am EDT * Igor Kim has bought up Russian units of foreign banks * Expobank is already present in Latvia * Now focused on corporate lending but is open to new ideas By Katya Golubkova and Oksana Kobzeva MOSCOW, May 22 (Reuters) - Igor Kim snapped cast-off assets from foreign banks pulling out of Russia and now the banker says he wants to expand into Europe. Kim, 47, emerged ...
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Manipulation probe draws attention to oil firms trading desks
Wed May 22, 2013 2:30am EDT * Disclosure levels at oil majors lags those of secretive traders * Risk appetite bigger at top Wall Street banks * Pressure for stricter oversight rises both in US, EU By Dmitry Zhdannikov and Claire Milhench LONDON, May 22 (Reuters) - Europe's energy price manipulation probe has turned regulatory attention to secretive trading units at oil companies with huge ...
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INSIGHT-No more easy pickings in Russias banking market
Wed May 22, 2013 2:30am EDT * Domestic players Sberbank, VTB are hard to beat * Foreign banks have made mistakes in Russia's retail market * Russia remains under-banked compared to BRICs * Investment banks are here to stay By Megan Davies MOSCOW, May 22 (Reuters) - Foreign banks that once treated Russia as virgin land where easy money could be made are now finding it a cut-throat market ...
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Europe Factors to Watch-Shares seen mixed before Bernanke testimony
* Adds further detail, analyst comment, company news items PARIS, May 22 (Reuters) - European stocks are seen mixed on Wednesday, with the market's month-long rally taking a breather as investors await clues from U.S. Federal Reserve Chairman Ben Bernanke on the central bank's stimulus measures before increasing their exposure to equities. At 0619 GMT, futures for Euro STOXX 50 were up ...
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Asian stocks buoyed by Wall Street
Sydney - Asian stocks rose on Wednesday following a positive lead from Wall Street with Japan's Nikkei reaching a five-and-a-half-year high, while the yen took a defensive stance ahead of the outcome of the Bank of Japan's (BOJ) policy ...
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GLOBAL MARKETS-Asian stocks supported by Fed reassurance BOJ stands pat
Wed May 22, 2013 2:20am EDT * Some Asian stock markets buoyed by record highs on Wall St * Fed officials play down speculation of ending stimulus anytime soon * BOJ keeps policy unchanged as expected * JGB futures dip after BOJ, Nikkei stays firm By Masayuki Kitano and Vidya Ranganathan SINGAPORE, May 22 (Reuters) - Some Asian stock markets rose on Wednesday following a positive lead from Wall ...
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Brunel Q1 operating profit falls on higher costs
AMSTERDAM | Wed May 22, 2013 2:18am EDT AMSTERDAM May 22 (Reuters) - Dutch specialist staffing firm Brunel said on Wednesday first-quarter earnings before interest and taxes (EBIT) fell 35 percent to 13.5 million euros ($17.4 million), citing higher costs and squeezed margins. Quarterly revenue rose 3 percent to 296.2 million euros, driven by demand for staff in the oil and energy ...
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EURO GOVT-Dovish Fed officials lift Bund before auction
LONDON | Wed May 22, 2013 2:10am EDT LONDON May 22 (Reuters) - Bund futures rose on Wednesday, tracking higher U.S. Treasuries overnight, as U.S. Federal Reserve officials struck a dovish tone on the economy before the market receives new insight into the central bank's thinking. Investors will examine Fed Chairman Ben Bernanke's testimony and minutes from the Fed's latest ...
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European stock index futures signal mixed open
PARIS | Wed May 22, 2013 2:06am EDT PARIS May 22 (Reuters) - European stock index futures pointed to a mixed open on Wednesday, with the market's month-long rally taking a breather ahead of U.S. Federal Reserve Chairman Ben Bernanke's testimony before Congress. At 0603 GMT, futures for the Euro STOXX 50 were up 0.18 percent, for UK's FTSE 100 up 0.21 percent, for ...
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FOREX-Dollar treads water as investors await Bernanke testimony
Wed May 22, 2013 2:01am EDT * Bank of Japan upgrades economic assessment, stands pat as expected * BOJ might ease for up to 5 years to achieve price goals-Reuters poll By Sophie Knight and Lisa Twaronite TOKYO, May 22 (Reuters) - The dollar languished well below last week's 4-1/2-year high against the yen on Wednesday, ahead of testimony from the U.S. Federal Reserve chief after two regional ...
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Freeport losing 220000 T of ore output a day at shut Indonesia mine
JAKARTA | Wed May 22, 2013 1:55am EDT JAKARTA May 22 (Reuters) - Freeport McMoRan Copper & Gold Inc is losing production of about 220,000 tonnes of concentrated ore a day after the shutdown of its Indonesian copper mine in Papua after a tunnel collapse that killed 28 people, a company executive said on Wednesday. Freeport closed the remote Papua mine on Wednesday last week, a day after ...
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Freeport reviewing safety at Indonesia mine after tunnel collapse
JAKARTA | Wed May 22, 2013 1:38am EDT JAKARTA May 22 (Reuters) - Freeport McMoRan Copper & Gold Inc is reviewing the safety of its underground operations at its Indonesian mine in Papua after a tunnel collapse last week that killed 28 people, the company's chief executive said on Wednesday. Freeport closed the remote Papua mine on Wednesday last week, a day after a training tunnel ...
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China Galaxy soars 11 pct in debut after $1.1 bln Hong Kong IPO
HONG KONG | Wed May 22, 2013 1:12am EDT HONG KONG May 22 (Reuters) - China Galaxy Securities Co Ltd rose as much as 11.3 percent in its trading debut on Wednesday after raising $1.1 billion in a Hong Kong IPO, underscoring a surge in retail investors' demand for new listings in the city. The debut of China's seventh-biggest brokerage, and that of Sinopec Engineering (Group) Co ...
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UPDATE 1-Voters oust mayor of Harrisburg Pennsylvania in primary
Wed May 22, 2013 12:56am EDT By Michael Sadowski May 21 (Reuters) - The embattled mayor of Pennsylvania's financially crippled capital of Harrisburg was ousted on Tuesday when she lost the Democratic primary to the owner of an independent bookstore. Mayor Linda Thompson's loss to Eric Papenfuse comes after a tumultuous term in which her outbursts and statements caused a loss of ...
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Ford adds production in North America to meet new car demand
F.N ) is adding a week of production at 20 North American factories this year to build an additional 40,000 vehicles and help sustain its gains in U.S. market ...
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Currencies Dollar pulls back as Bernanke prepares to talk QE
LOS ANGELES (MarketWatch) -- The U.S. dollar slipped Wednesday, trading down against major rivals 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 current easing ...
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UPDATE 1-BOJ holds steady despite bond turmoil upgrades economic outlook
Wed May 22, 2013 12:21am EDT * BOJ stands pat, upgrades economic assessment * BOJ hopes to contain JGB turbulence via market operations * Doubts emerging that BOJ can hit inflation target in 2 years * Gov Kuroda press comments expected after 0715 GMT By Stanley White and Leika Kihara TOKYO, May 22 (Reuters) - The Bank of Japan kept policy steady on Wednesday despite concerns over recent ...
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UPDATE 1-US prosecutors consider using racketeering law against SAC-source
Wed May 22, 2013 12:11am EDT By Emily Flitter NEW YORK May 21 (Reuters) - U.S. prosecutors are considering charging Steven A. Cohen's SAC Capital Advisors as a criminal enterprise engaged in a long pattern of insider trading in stocks, according to a person familiar with the matter. Prosecutors may use the Racketeer Influenced and Corrupt Organizations Act, most commonly associated with ...
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JGBs turn negative on day after BOJ stands pat
TOKYO | Tue May 21, 2013 11:50pm EDT TOKYO May 22 (Reuters) - Japanese government bond prices erased earlier gains and fell on the day on Wednesday after the Bank of Japan refrained from taking any measures to stem a rout in the bond market in the past month and a half. The 10-year JGB futures dropped to as low as 141.60 , 0.29 point below their previous close, while the 10-year cash ...
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TREASURIES-Bonds supported after dovish Fed comments
TOKYO May 22 (Reuters) - U.S. Treasuries were firm in Asia on Wednesday after gains in the previous session as two voting members of the U.S. Federal Reserve struck a dovish tone on the economy, reducing expectations that the U.S. central bank is close to tapering its bond ...
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BOJ keeps policy on hold Kiuchi proposes looser price target timeframe
TOKYO (Reuters) - The Bank of Japan on Wednesday decided to keep monetary policy on hold, but one board member tried unsuccessfully to loosen the central bank's commitment to achieving its 2 percent inflation target within two ...
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Merck signs $5 billion share buyback agreement with Goldman Sachs
(Reuters) - Merck & Co Inc said it has entered into a $5 billion share repurchase agreement with Goldman Sachs Group Inc, as the drug giant looks to prop up shareholder value in face of stiff competition from makers of less-costly ...
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UPDATE 1-Freeport Indonesia says death toll rises to 28 after tunnel accident
JAKARTA, May 22 (Reuters) - The death toll from a tunnel collapse at the world's second largest copper mine run by Freeport McMoRan Copper & Gold Inc's Indonesian unit was raised to 28 on Wednesday as rescuers gave up hope of finding any ...
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RPT-Temasek raises stake in ICBC to 7.04 percent
Tue May 21, 2013 11:25pm EDT HONG KONG May 22 (Reuters) - Temasek Holdings (Private) Ltd increased its stake in Industrial and Commercial Bank of China (ICBC) from 6.71 to 7.04 percent, according to a regulatory filing the Singaporean investment fund made on Tuesday in Hong Kong. The move followed on the same day Goldman Sachs Group Inc's sale of its remaining $1.1 billion Hong Kong-traded ...
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