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US intelligence director defends surveillance program says plot against Wall Street thwarted
WASHINGTON - The U.S. foiled a plot to bomb the New York Stock Exchange because of the sweeping surveillance programs at the heart of a debate over national security and personal privacy, officials said Tuesday at a rare open hearing on intelligence led by lawmakers sympathetic to the spying. The House Intelligence Committee hearing provided a venue for officials to defend the once-secret ...
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Indias PFC raised 43 bln rupees via dual-tranche bonds
MUMBAI, June 19 | Wed Jun 19, 2013 1:42am EDT MUMBAI, June 19 (Reuters) - India's Power Finance Corp Ltd raised about 43 billion rupees ($731.73 million) through its dual-tranche bond sale, said three sources with direct knowledge of the deal. The firm raised about 12.50 billion rupees in 2-year debt at 8.29 percent and about 30.50 billion rupees in 3-year bonds at 8.27 percent, ...
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UPDATE 2-Japans exports pick up pace give economy momentum in rough markets
* Exports +10.1 pct yr/yr in May vs +6.5 pct forecast * Japan logs trade deficit for 11th straight month * Higher energy costs continue to weigh on trade balance By Kaori Kaneko and Stanley White TOKYO, June 19 (Reuters) - Japan's exports rose in May at the fastest annual rate in more than two years with the help of a weak yen and a moderate pick-up in global demand, boding well for the ...
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A guide to the Federal Reserves events Wednesday
In this Wednesday, May 22, 2013 photo, Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill in Washington. The Federal Reserve ends a policy meeting Wednesday, June 19, 2013. Investors have been nervously speculating that the Fed will soon scale back its economic stimulus and send interest rates up and stock prices down. (AP Photo/Manuel Balce ...
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European Factors to Watch-Shares to open steady focus on Fed
LONDON, June 19 (Reuters) - European shares are expected to open steady on Wednesday, with investors seen avoiding strong bets ahead of the Federal Reserve's meeting that could provide hints about the timing of its move to scale down stimulus. The market's focus will be on Fed Chairman Ben Bernanke's news conference, half an hour after the central bank's post-meeting statement ...
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UPDATE 2-Australian tycoon Tinkler sells out of Whitehaven Coal
Wed Jun 19, 2013 1:13am EDT * Lenders swap Tinkler debt for 20 pct stake in Whitehaven * Hedge fund Farallon becomes top shareholder * Farallon in no rush to sell down stake-source * Coal assets plentiful in weak market-analysts * Whitehaven shares jump 9 pct By Sonali Paul MELBOURNE, June 19 (Reuters) - Australia's Nathan Tinkler has handed his stake in Whitehaven Coal Ltd to lenders to pay ...
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FEATURE-U.S. builders complain they cant find skilled carpenters
By Lucia Mutikani WASHINGTON, June 19 | Wed Jun 19, 2013 12:59am EDT WASHINGTON, June 19 (Reuters) - Where have all the carpenters gone? Home builders across the United States are scratching their heads for an answer as they struggle to assemble crews to keep up with growing demand. In some parts of the country, the shortage of skilled carpenters - especially framers - is so bad that ...
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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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