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PRESS DIGEST - Wall Street Journal - May 20
Mon May 20, 2013 1:38am EDT May 20 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. * New York's top financial regulator subpoenaed a handful of Wall Street investment firms about their entries into a corner of the insurance industry that guarantees steady payments to hundreds of thousands ...
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Turkeys Kazanci appoints Merrill to sell Aksa Enerji stake
ISTANBUL | Mon May 20, 2013 1:37am EDT ISTANBUL May 20 (Reuters) - Turkey's Kazanci Holding has appointed Merrill Lynch to sell a 16.3 percent stake in its power producer Aksa Enerji to international investors, according to a statement on Monday. A roadshow for the sale will run from May 20 to 24, Aksa said in the stock-exchange filing. It added that the sale will be to corporate ...
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Indias NHB seeks bids to raise up to 5 bln rupees via bonds - termsheet
MUMBAI | Mon May 20, 2013 1:29am EDT MUMBAI May 20 (Reuters) - India's National Housing Bank has invited bids on Monday to raise up to 5 billion rupees ($91.23 million) via 60-month bonds, a termsheet showed. The base size of the issue is 2.5 billion rupees. ($1 = 54.8050 Indian rupees) (Reporting by Archana Narayanan; Editing by Prateek ...
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Chesapeake Energy hires Anadarko executive as CEO -WSJ
Mon May 20, 2013 1:24am EDT May 20 (Reuters) - Chesapeake Energy Corp has hired Robert Douglas Lawler of rival Anadarko Petroleum Corp as chief executive, filling the post vacated by co-founder Aubrey McClendon, the Wall Street Journal reported, citing people familiar with the matter. Chesapeake and Anadarko could not immediately be reached for comment by Reuters outside of regular U.S. ...
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Infosys to challenge latest tax demand of $105.3 million
View Photo Reuters/Reuters - An Infosys logo is pictured on one of the company's office buildings at their IT campus at Electronics City in Bangalore, February 28, 2012. Picture taken on February 28, 2012. ...
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Currencies Yen up as official says ‘correction’ largely done
LOS ANGELES (MarketWatch) -- The Japanese yen rose Monday, getting a break from recent declines after a senior Japanese government official said the currency's "correction" had largely run its ...
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Daily Forex and Dow Jones Recommended Levels
Several words about the EUR/USD future. Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 ? 1.4884. Then ...
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INSIGHT-The road to a greener America is littered with road-kill
By Nichola Groom LOS ANGELES | Mon May 20, 2013 12:59am EDT LOS ANGELES May 20 (Reuters) - In October 2004, then California Governor Arnold Schwarzenegger rolled up to a pioneering fueling station at Los Angeles International Airport in a hydrogen-powered metallic blue Hummer loaned to him by General Motors Corp. The "California Hydrogen Highway," Schwarzenegger's vision to ...
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SAC Capitals Cohen gets subpoena to testify - NY Times
Mon May 20, 2013 12:25am EDT May 20 (Reuters) - Steven A. Cohen has received a subpoena to testify before a grand jury in a U.S. government insider trading investigation into his hedge fund SAC Capital Advisors, the New York Times reported, citing lawyers and executives briefed on the case. Other SAC executives also received similar subpoenas and the fund itself has received requests for ...
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Chinas Tingyi Q1 profit falls 47 pct as sales slow
HONG KONG | Mon May 20, 2013 12:16am EDT HONG KONG May 20 (Reuters) - China's Tingyi (Cayman Islands) Holding Corp, a maker of drinks and instant noodles, on Monday posted a 47 percent fall on its first-quarter profit due to slower sales growth and an increase in advertising and marketing spending. Tingyi, which has a broad-ranging partnership with PepsiCo Inc and sells noodles ...
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Where has the smart money been buying the US Dollar
3 - GBP/USD As suggested on Friday, traders should be cautious on holding a contrarian view in the pair as major demands have now been absorbed, with next not spotted until below ...
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INSIGHT-The fight for North Dakotas fracking-water market
By Ernest Scheyder WATFORD CITY, North Dakota | Sun May 19, 2013 11:58pm EDT WATFORD CITY, North Dakota May 19 (Reuters) - In towns across North Dakota, the wellhead of the North American energy boom, the locals have taken to quoting the adage: "Whiskey is for drinking, and water is for fighting." It's not that they lack water, like Texas and California. They are swimming ...
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Japanese Market Trades Higher On Wall Street Lead Weaker Yen
The Japanese stock market hit a new five-and-a-half year high on Monday, buoyed by Wall Street's gains on Friday and a weaker yen.In late-morning trades, the benchmark Nikkei 225 Index is trading at 15,323.49, up 185.37 or 1.22 percent, after climbing to 15,297.73, the highest intraday level since December 28, 2007.In the banking space, Mitsubishi UFJ Financial (MTU) is adding 0.29 percent ...
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JGBs slip as Japanese economy improves stocks surge
TOKYO, May 20 (Reuters) - Japanese government bond prices began on a weaker footing on Monday, taking cues from signs of improvement in both the U.S. and Japanese economies as well as surging Japanese equities prices. * Investors looked ahead to the Bank of Japan's two-day policy meeting beginning on Tuesday, hoping the central bank would make adjustments to its bond market operations and ...
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RPT-Japans Amari core core CPI showing signs of turning positive due to BOJ
Sun May 19, 2013 10:54pm EDT TOKYO May 20 (Reuters) - Japanese Economics Minister Akira Amari said on Monday that core-core consumer prices, which exclude fresh food and energy, are showing signs of turning positive due to the Bank of Japan's aggressive monetary easing. Amari, speaking to reporters, also said the government still judges Japan to be in mild deflation as other measures of ...
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TREASURIES-Yields near 2-mth peak after U.S. consumer data
TOKYO | Sun May 19, 2013 9:33pm EDT TOKYO May 20 (Reuters) - U.S. Treasuries were on the defensive on Monday, with the benchmark yield near a two-month peak after data late last week showed U.S. consumer sentiment rising to its highest level in nearly six years. * The yield on the 10-year notes stood at 1.954 percent , little changed from late U.S. levels last week but near the high of ...
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Aust stocks higher after Wall St record
The Australian share market is higher as another Wall Street record buoys mining and banking stocks.IG market strategist Chris Weston says the strongest University of Michigan consumer sentiment reading since 2007 spurred the Dow Jones Industrial Average and the S&P 500 to reach fresh highs, helping Australian stocks."It's a question of a good lead from Wall Street and people buy ...
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FIIs hold back from buying corporate bonds
corporate bonds despite the best rally in five years as the government notification on the reduction of withholding tax has added to confusion than clearing it. ...
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Seoul shares up Wall St overshadows North Korea missile tests
SEOUL | Sun May 19, 2013 8:12pm EDT SEOUL May 20 (Reuters) - Seoul shares edged up on Monday after the rally on Wall Street boosted sentiment and helped to overcome worries about North Korea's firing of short-range missiles at the weekend. Technology heavyweights led the gains, with SK Hynix rising 2 percent and LG Electronics gaining 0.5 percent. The Korea Composite Stock Price ...
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Share market set for gains on Wall St record
Australia The Australian dollar remains well below parity with the greenback, after positive US economic data pushed the value of its currency higher on Friday. Around 9:00am (AEST), an Aussie dollar was worth 97.42 US cents.The local currency was also fetching just under 76 euro cents, 100.25 Japanese yen and 64.23 British pence. Futures trade indicates the share market will rise today, with ...
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Inflation-indexed bonds wont protect the savings of the poor
Budget speech and what RBI has now launched. Here's what the Budget speech said: "...in consultation with RBI, I propose to introduce instruments that will ...
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FOREX-Yen bounces off lows eyes on BOJ and Bernanke
Sun May 19, 2013 7:39pm EDT * Yen jumps on report Japanese govt may be happy with current level * Other major currencies subdued ahead of key events this week * BOJ meeting, Bernanke's Congressional testimony in focus By Ian Chua SYDNEY, May 20 (Reuters) - The yen bounced off a 4-1/2 year low against the dollar early in Asia on Monday in the wake of reports suggesting the Japanese government ...
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Aust bonds weaker after more good US data
AUSTRALIAN bond futures prices are lower as more good US economic data increases speculation that the US Federal Reserve is close to winding down its economic stimulus program. On Friday (US time), both the Dow Jones Index and the S&P 500 closed at fresh all-time highs, gaining almost one per cent after it was reported the University of Michigan consumer sentiment index in May rose to its ...
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TABLE-Foreign brokers set to buy Japanese stocks
TOKYO, May 20 (Reuters) - Following are orders for Japanese stocks placed through six foreign securities houses before the start of trade on Monday. Japanese Stocks: BUY 14.0 million ...
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Australia shares seen firmer on Wall St. records soft currency
SYDNEY, May 20 (Reuters) - Australian shares are seen starting firmer on Monday, after better economic data in the United States pushed Wall Street to fresh record highs and as the local dollar remains below parity against the greenback. * Local share price index futures rose 0.4 percent to 5,212.0, a 31.2-point premium to the underlying S&P/ASX 200 index close. The benchmark ended 0.3 percent ...
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