Latest US Markets News
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FedEx posts higher than expected profit
Handlers scan and affix a courier route label onto packages moving down the belt at the Marina Del Rey, California FedEx station December 12, ...
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Lanworth lowers world corn soy harvest forecast
CHICAGO, June 19 | Wed Jun 19, 2013 8:29am EDT CHICAGO, June 19 (Reuters) - Crop forecaster Lanworth on Wednesday lowered its expectations for world corn and soybean production due to wet weather in key growing areas of the United States that caused it to reduce yield expectations. Lanworth said it expects 2013/14 world corn production of 957 million tonnes and soybean production of 284 ...
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METALS-Copper steady in cautious trade ahead of Fed statement
Wed Jun 19, 2013 8:27am EDT * Copper, other markets, trade in recent ranges * Aluminium inventories rise to new record * Coming up: Fed policy statement at 1800 GMT By Susan Thomas LONDON, June 19 (Reuters) - Copper steadied on Wednesday, keeping within a tight range near six-week lows, as investors held fire ahead of the conclusion of the Federal Reserve's two-day policy ...
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UPDATE 2-Slovenian growth outlook darkens ahead of privatisation vote
Wed Jun 19, 2013 8:18am EDT * Central bank official warns of possible GDP contraction in 2014 * Parliament to vote on privatisation Friday * Vote a litmus test of government's anti-crisis efforts By Marja Novak LJUBLJANA, June 19 (Reuters) - Slovenia's economy could keep shrinking next year, a central bank official said on Wednesday, making it harder for the country to avoid becoming the ...
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FOREX-Dollar steady as investors seek clarity on Fed policy
* Market awaits signals on Fed's next policy step * Fed expected to keep options open on pace of QE * Dollar index steady, holds above 4-month low By Anirban Nag LONDON, June 19 (Reuters) - The dollar was steady against a basket ...
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Colombian banana workers growers reach accord to avoid strike
Wed Jun 19, 2013 8:14am EDT * Growers had wanted pay cut, workers say * Banana industry struggles with strong currency * Agreement includes housing, education benefits By Helen Murphy BOGOTA, June 19 (Reuters) - Colombian banana workers on Wednesday reached agreement with growers to avoid a strike, clinching an increase in wages and improved social benefits that prevented a protest that could ...
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KKR among bidders for Saudi fast food chain -sources
Wed Jun 19, 2013 8:09am EDT * Majority stake in food chain Kudu for sale - sources * More than 40 potential bidders were approached - sources * Business valued at between 1-1.5 bln riyals - source * HSBC advising on stake sale - sources By David French and Dinesh Nair DUBAI, June 19 (Reuters) - A majority stake in Saudi fast food chain Kudu has been put up for sale and private equity firm KKR is ...
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GLOBAL MARKETS- Shares firm dollar steady before Fed decision
Wed Jun 19, 2013 8:09am EDT * World shares firmer in nervous trade before Fed statement * Dollar steadies against major currencies, weaker vs yen * Oil holds around $106 a barrel; gold, copper little changed * German Bunds rangebound, 10-year auction goes smoothly By Richard Hubbard LONDON, June 19 (Reuters) - World shares edged higher while major currencies and commodities stayed within recent ...
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EU mergers and takeovers June 19
BRUSSELS, June 19 | Wed Jun 19, 2013 7:58am EDT BRUSSELS, June 19 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- U.S. technology services company IBM's Italian unit to acquire a new company set up from a business owned by Unicredit Business Integrated Solutions S.c.p.a, part of ...
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CORRECTED-Vodafone may trump Liberty with $10 bln cash bid for Kabel -sources
Wed Jun 19, 2013 7:58am EDT (Corrects headline, adds dropped "with" in paragraph 6) FRANKFURT/LONDON, June 19 (Reuters) - Vodafone is discussing a bid of about $10 billion with Germany's No. 1 cable operator Kabel Deutschland and is confident its raised all-cash offer and absence of antitrust issues put it in a better position than rival Liberty Global, two sources familiar with ...
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Obama-reforms must not lose sight of goal of improving lives
BERLIN, June 19 | Wed Jun 19, 2013 7:52am EDT BERLIN, June 19 (Reuters) - U.S. President Barack Obama said alongside Germany's Angela Merkel on Wednesday that the drive to bring budgets under control and reform economies must not lose sight of the principle goal of improving people's lives. Obama said in Berlin that leaders had to "make sure that in pursuit of longer-term ...
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How Alan Greenspan’s ‘tone’ moved gold and silver
Consider this another way to look at "irrational exuberance," that famous emotion cited by Alan Greenspan at the height of the dot-com ...
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Wall Street Stays Apprehensive Ahead Of Fed Decision
Sentiment on Wall Street remains wary on Wednesday, although trading in the major index futures point to a higher open. The catalyst that could define the day's market direction is the Federal Open Market Committee announcement and the ensuing press conference by Chairman Ben Bernanke. Indications from Bernanke that the trimming is something that would happen as ...
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CORRECTED-AIRSHOW-Boeing says Oman Air orders five 737-900ER jets
Wed Jun 19, 2013 7:43am EDT (Adds dropped word "million" in first paragraph) PARIS, June 19 (Reuters) - Boeing said on Wednesday it had won a firm order from Oman Air for five 737-900ER planes valued at $473 million at list prices. The order was previously logged as being from an unidentified customer. It marks the first order for a 787-900ER from a Gulf customer. Oman Air now has six ...
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REFILE-Statoil finds oil offshore Canada near previous find
Wed Jun 19, 2013 7:36am EDT OSLO, June 19 (Reuters) - Norwegian oil and gas firm Statoil discovered light, high-quality oil offshore Canada, about 500 kilometres north-east of St. John's in Newfoundland and Labrador, it said on Wednesday. "While it is still too early to determine Harpoon's resource potential at this time, this is very encouraging for the area and especially for the ...
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Obama says U.S. EU free trade deal can boost jobs and growth
U.S. President Barack Obama speaks next to German Chancellor Angela Merkel during a news conference after their meeting at the Chancellery in Berlin, June 19, 2013. REUTERS/Thomas ...
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UPDATE 1-Imagination Technologies profit dips on licensing slowdown
Wed Jun 19, 2013 7:35am EDT * Year pretax 34.3 mln stg vs 36.8 mln * Remains cautious on licensing * Says major customers will not desert Imagination ecosystem By Paul Sandle LONDON, June 19 (Reuters) - Imagination Technologies , the British chip designer whose graphics technology is in smartphones from Apple and Samsung, reported lower full-year profits as licensing slows. The British company, ...
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RPT-Poland wins shareholder backing for higher KGHM dividend
Wed Jun 19, 2013 7:35am EDT LUBIN, Poland, June 19 (Reuters) - Poland, under pressure to keep a lid on the budget deficit, won shareholder backing on Wednesday for a 1.9 billion zlotys ($597 million)dividend payout from Europe's No.2 copper producer KGHM, a fifth more than the miner proposed. Two-thirds of the shareholders at the annual meeting voted to back the proposal from the Treasury ...
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UPDATE 2-BC Partners to buy Springer Science for 3.3 bln euros
Wed Jun 19, 2013 7:31am EDT * Dual track approach helped push up offer price * Largest German private equity deal since 2006 * Seller says deal set to close in August FRANKFURT, June 19 (Reuters) - Buyout firm BC Partners agreed to buy German publisher Springer Science+Business Media for about 3.3 billion euros ($4.4 billion) on Wednesday, the largest private-equity acquisition in Germany for ...
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European shares jittery awaiting Fed stimulus clues
* FTSEurofirst 300 up 0.2 pct in jittery trade * Investors taking off positions before Fed * No change expected from Fed at this meeting By Toni Vorobyova LONDON, June 19 (Reuters) - European shares were up by mid-session on Wednesday in light and volatile trade as investors looked to the U.S. Federal Reserve for clues on the duration of its equity-friendly stimulus programme. The ...
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Start-up to bring test-drive cars to buyers avoiding dealership
By Ben Klayman DETROIT, June 19 | Wed Jun 19, 2013 7:29am EDT DETROIT, June 19 (Reuters) - A new company hopes to make the car-buying process easier for consumers and more efficient for dealers by bringing cars to buyers for test drives, avoiding the need to spend hours at a dealership. With car sales people ranked below members of Congress in trustworthiness in a Gallup poll last ...
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UPDATE 1-Bank of England still divided flags market impact of Fed uncertainty
Wed Jun 19, 2013 7:28am EDT * BoE's King outvoted again at final MPC meeting * MPC vote 6-3 to keep QE total at 375 bln stg * Policymakers note market reaction to Fed uncertainty By Olesya Dmitracova and David Milliken LONDON, June 19 (Reuters) - Bank of England policymakers acknowledged earlier this month that further market volatility could be on the way because of uncertainty about the ...
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Egypt pound breaks below official 7 per dollar
CAIRO, June 19 | Wed Jun 19, 2013 7:26am EDT CAIRO, June 19 (Reuters) - The Egyptian pound fell below 7 to the dollar on the official market on Wednesday for the first time, after a regular foreign exchange auction. It was at 7.0001/7.0002 pounds per dollar after the central bank had auctioned $38.9 million at a cut-off price of 6.9902 pounds. On the black market, which has developed ...
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Tata Motors upgrades existing cars as rivals launch new products
TAMO.NS ) on Wednesday launched eight upgrades of existing models, including a CNG-fuelled version of its low-cost Nano, but said little about plans for completely new vehicles to help reverse sliding car sales in ...
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Wall Streets lawfare strategy against regulation | Heidi Moore
already weakened state of the attempt at financial regulation - like taking a hammer to a housefly. Still, a phalanx of injured parties - 11 states, two groups dedicated to conservative economic agendas and one Texas state bank - argued that Dodd-Frank is unconstitutional. Their complaints all center around the part of Dodd-Frank that wants to solve the problem of "too big to fail" by ...
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