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EMERGING MARKETS-Brazil stocks hurt as Batistas OGX MMX tumble
* By Asher Levine and Danielle Assalve SAO PAULO, June 17 (Reuters) - Brazilian stocks fell on Monday, dragged down by a decline in shares of oil producer OGX and mining company MMX, both controlled by billionaire Eike Batista, whose holdings have suffered a sharp sell-off this year. OGX declined 15.46 percent, while MMX dropped 14.38 percent, pulling the Bovespa stock index 0.49 percent into ...
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Aust bonds weaken on QE rollback talk
Australian bond futures contract prices are weaker as dealers brace for US Federal Reserve chairman Ben Bernanke giving more clues on whether stimulus spending will be unwound. JP Morgan interest rate strategist Sally Auld said an article in the Financial Times newspaper, suggesting a tapering of the US Fed's quantitative easing program, helped weaken US and local bond markets. This ...
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British prosecutor to charge central Libor suspect -source
By Kirstin Ridley Mon Jun 17, 2013 7:43pm EDT June 17 - Britain's top fraud prosecutor is poised to bring criminal charges against former Citigroup Inc and UBS AG trader Thomas Hayes, who is alleged to have been a central figure in a scam to rig global benchmark interest rates, a source familiar with the situation said on Monday. Britain's Serious Fraud Office was expected as soon as ...
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U.S. states greens delay lawsuit watch for Obama climate plan
WASHINGTON (Reuters) - Environmental groups and a dozen states and cities said Monday they will delay planned legal action against the U.S. Environmental Protection Agency, saying they will wait to see if the White House soon unveils a climate policy ...
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WRAPUP 3-Snowden rejects suggestions he is a spy for China
Mon Jun 17, 2013 7:33pm EDT * Snowden hits back against critics, criticizes Obama * He questions whether he can get fair trial in U.S. * Shrugs off Cheney criticism, calls it an 'honor' * Obama reiterates trade-off between security and privacy By Laura MacInnis and John Whitesides WASHINGTON, June 17 (Reuters) - Edward Snowden, the former National Security Agency contractor who exposed ...
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UPDATE 1-Peru protesters push to stop $5 billion Newmont mine
Mon Jun 17, 2013 7:21pm EDT By Mitra Taj PEROL LAKE, Peru, June 17 (Reuters) - Thousands of opponents of a $5 billion gold project of Newmont Mining circled a lake high in the Andes on Monday, vowing to stop the company from eventually draining it to make way for Peru's most expensive mine. Lake Perol is one of several lakes that would eventually be displaced to mine ore from the Conga ...
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Glencore unit to purchase alumina from Orbites proposed plant
June 17 | Mon Jun 17, 2013 7:20pm EDT June 17 (Reuters) - A unit of Glencore Xstrata plc entered into an agreement with Orbite Aluminae Inc to purchase smelter-grade alumina (SGA) from its proposed plant in Quebec. Under the terms of the agreement, Glencore International AG will buy all the output from the clean technology company's first SGA plant in Quebec for an initial term of ...
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UPDATE 1-IMF approves $1.27 bln disbursement to Ireland
By Anna Yukhananov WASHINGTON, June 17 | Mon Jun 17, 2013 7:13pm EDT WASHINGTON, June 17 (Reuters) - The International Monetary Fund said Ireland was on track with the conditions of its bailout program, and disbursed the European country's next chunk of aid on Monday. The IMF, one of a trio of lenders overseeing Dublin's 85 billion euro ($113 billion) bailout, said Ireland's ...
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White House threatens veto of House farm bill over cuts to food stamp program
WASHINGTON -- The White House is threatening to veto the House version of a massive, five-year farm bill, saying food stamp cuts included in the legislation could leave some Americans hungry. The House is preparing to consider the bill this week. The legislation would cut $2 billion annually, or around 3 percent, from food stamps and make it harder for some people to qualify for the program. ...
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Moody’s issues rating for Miami-Dade water and sewer bonds
A key agency has issued a strong credit rating for Miami-Dade’s upcoming bond sale to finance repairs to its antiquated water and sewer system. But Moody’s Investors Service also warned that if the county doesn’t hike user rates as planned, the rating could slip.Miami-Dade is preparing to issue nearly $445 million in bonds to help pay for pipe fixes required by a federal ...
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Fitch Covered Bonds Important Tool for Large Australasian Banks
Mon Jun 17, 2013 7:00pm EDT (The following statement was released by the rating agency) Link to Fitch Ratings' Report: Australian and New Zealand Banks: Covered Bonds here SYDNEY, June 17 (Fitch) Fitch Ratings says in a new report that access to covered bond markets is a mild credit positive for Australian and New Zealand banks, allowing access to new investors, a longer issuance duration ...
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Jay Zs million-album Samsung sale unlikely to count for charts
By Eric Kelsey LOS ANGELES, June 17 | Mon Jun 17, 2013 6:58pm EDT LOS ANGELES, June 17 (Reuters) - Rapper Jay Z's upcoming studio album will go to a million users of Samsung smartphones three days before its official release in a promotional deal, but the distribution is unlikely to count toward official sales figures, an industry expert said on Monday. Jay Z, 43, announced on ...
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UPDATE 1-Moodys cuts 38 Studios bonds may cut Rhode Island
Mon Jun 17, 2013 6:53pm EDT June 17 (Reuters) - Moody's Investors Service on Monday downgraded by two notches its rating on $75 million of taxable bonds sold to benefit bankrupt 38 Studios and put $2.1 billion of Rhode Island's debt under review for possible downgrade, citing lawmakers unwillingness to repay the debt. A video-gaming venture, 38 Studios was founded by former Boston Red ...
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Cargill to acquire Northstar Grain assets in Michigan
CHICAGO, June 17 | Mon Jun 17, 2013 6:51pm EDT CHICAGO, June 17 (Reuters) - U.S. agribusiness Cargill Inc said on Monday it is acquiring the grain storage and fertilizer business of Northstar Grain LLC, based in southwestern Michigan. The terms of the deal were not disclosed. This is Cargill's third investment in a North American grain company in the past three weeks. The deal, ...
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UPDATE 1-New York City settles U.S. lawsuit over police pensions
Mon Jun 17, 2013 6:49pm EDT By Jonathan Stempel NEW YORK, June 17 (Reuters) - New York City has settled a lawsuit in which the federal government accused it of improperly reducing retirement benefits for current and former police officers who served in the military after Sept. 11, 2001. Monday's settlement calls for pension benefits for New York City Police Department ("NYPD") ...
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Office Depot sets annual meeting date after investor complaints
ODP.N ) on Monday said it will hold its annual shareholder meeting on August 21, after its top investor sued the second-largest U.S. office supply retailer for not holding one in the past year to elect ...
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Retailmenot files for IPO of up to $230 mln
June 17 | Mon Jun 17, 2013 6:38pm EDT June 17 (Reuters) - Online coupon company Retailmenot Inc filed with U.S. regulators on Monday for an initial public offering of common stock of up to $230 million. Retailmenot, which connects consumers and retailers, offers digital coupons from over 60,000 retailers and brands. The company, which listed Google Inc, Yahoo Inc and Facebook Inc as ...
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WRAPUP 4-Confidence of US homebuilders jumps as recovery deepens
Mon Jun 17, 2013 6:30pm EDT * NAHB's homebuilder sentiment index above 50 for first time in 7 yrs * NY state manufacturing rises in June, details still weak * Homebuilder shares rise as profit outlook brightens By Leah Schnurr NEW YORK, June 17 (Reuters) - Confidence among U.S. homebuilders surged in June, staging its biggest gain since 2002 in one of the strongest signs yet that the U.S. ...
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UPDATE 1-Kabel Deutschland confirms preliminary offer from Liberty Global
Mon Jun 17, 2013 6:25pm EDT June 17 (Reuters) - Kabel Deutschland - Germany's biggest cable operator - confirmed on Monday that they have received a preliminary approach from U.S. media group Liberty Global Plc after a British newspaper reported that the company had put forward a 7.5-billion-euro bid for the company. Kabel Deutschland did not provide any details of the proposal. A spokesman ...
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UPDATE 1-Itau Unibanco to buy stake in Cencosud credit card business
Mon Jun 17, 2013 6:25pm EDT SANTIAGO, June 17 (Reuters) - Brazil's largest private-sector bank, Itau Unibanco Holding SA, will buy a 51 percent stake in Chilean retailer Cencosud's credit card business in Chile and Argentina for $307 million, the companies said on Monday. Itau will fund all credit card loans, worth around $1.3 billion, in both Southern cone countries once the deal is ...
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How the Dow Jones industrial average and other major indexes fared Monday
U.S. stocks rose Monday, a day with light trading volume and little in the way of major economic or corporate news. Investors are betting that the Federal Reserve will keep in place programs meant to prop up the economy. The Fed holds a two-day policy meeting beginning Tuesday. The Dow Jones industrial average rose 109.67 points, or 0.7 percent, to 15,179.85. The Standard & Poor's 500 ...
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After Hours GenMark slides after-hours on revenue cut
SAN FRANCISCO (MarketWatch) -- GenMark Diagnostics trimmed its annual revenue view, sending the company's shares tumbling in after-hours trade ...
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US stocks up ahead of Fed statement
Source: Reuters Wall Street has advanced, though gave up some of its earlier gains, following a Financial Times report that US Federal Reserve Chairman Ben Bernanke will signal the central bank is close to easing its US$85 billion-a-month bond-buying programme. In late afternoon trading in New York, the Dow Jones Industrial Average rose 0.41%, the Standard & Poor's 500 Index ...
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UPDATE 4-Big investor urges Smithfield breakup over buyout
Mon Jun 17, 2013 5:47pm EDT * Starboard: Selling pieces could net $44-$55/shr * Says looks to engage in talks with interested parties * Smithfield shares gain 0.9 percent By Martinne Geller June 17 (Reuters) - Starboard Value LP revealed a major stake in Smithfield Foods Inc on Monday and urged the world's largest pork producer to explore a breakup rather than a planned $4.7 billion takeover ...
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Chesapeake hires former SEC lawyer as compliance officer
CHK.N ) on Monday named as chief compliance officer a lawyer the oil and gas company had previously hired to respond to an investigation by the Securities and Exchange ...
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