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Wall Street posts first weekly loss since mid-April on Fed angst
ReutersNEW YORK (Reuters) - The S&P 500 declined for a third day on Friday, with the three major stock indexes posting their first negative week since mid-April on lingering concern that the central bank may scale back its stimulus measures to support the...Tags: Berkshire Hathaway Inc., BlackBerry, Deere and Company, Mutual Funds, AOL LLC
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CANADA FX DEBT-C$ in retreat as Fed stimulus concerns drag
Reuters* C$ at C$1.0321 vs US$, or 96.89 U.S. cents * Equity, currency markets volatile on Fed stimulus concerns * Oil prices end week 2 percent lower * Bank of Canada and GDP in focus next week By Solarina Ho TORONTO, May 24 (Reuters) - The Canadian dollar...Tags: Economic Indicator, Credit Ratings, Energy Saving, Federal Reserve, Government Debt
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ANALYSIS-German economy to pick up but fall short of traditional pace
Reuters* Economists say Q1 disappointed hopes for dynamic recovery * Euro crisis, global slowdown, weak yen hurting exports * Govt hopes firms will start investing, economists doubtful * Weak economy could impact election campaign By Sarah Marsh BERLIN, May...Tags: Politics, Japan, Government, Consumers, National Government
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EU oil pricing probe spurs lawsuit against BP, others
ReutersNEW YORK/CHICAGO (Reuters) - A Chicago-based commodities trading firm has filed suit against three of the world's largest oil companies, accusing them of colluding to fix oil prices after European authorities opened an investigation last week. Prime...Tags: Energy Resources, U.S. Department of Justice, BP Plc, Chicago Board of Trade, Energy Saving
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Ally of HK leader investigated in exchange probe
ReutersHONG KONG (Reuters) - The chairman of Hong Kong's Mercantile Exchange is under police investigation, the government said on Friday, as three other men were charged with possessing false documents including a fake cheque for $460 million following a...Tags: Police Investigations, Crime, Law and Justice, Hong Kong
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Three mainland Chinese charged in HK mercantile exchange probe
ReutersHONG KONG (Reuters) - Three men were charged on Friday in a Hong Kong court with possessing false documents including a check for $460 million in connection with an investigation into the city's shuttered Hong Kong Mercantile Exchange. The exchange,...Tags: Police Investigations, Hong Kong, Trials
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BRIEF-BP, Shell, Statoil have been sued over alleged brent crude oil price fixing
ReutersMay 23 (Reuters) - BP PLC : * Is sued by commodity trading firm over alleged price fixing in brent crude oil prices and futures contracts -- court filing * Lawsuit filed by Chicago-based prime international trading ltd also names Royal Dutch Shell Plc...Tags: Softball, BP Plc, Energy Saving, Litigation, Prices
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U.S. natgas futures near flat early ahead of EIA stocks data
ReutersNEW YORK, May 23 (Reuters) - U.S. natural gas futures traded nearly flat early on Thursday after slipping slightly in the prior session, with volume light as traders stepped back ahead of a weekly inventory report due later in the morning. Traders and...Tags: Inventories, Petroleum Industry, Weather, Weather Reports, New York Mercantile Exchange
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REUTERS SUMMIT-Venezuela business group sees dire economy in 2013
Reuters* Fedecamaras' head says lack of hard currency crimps growth * Sees most companies' 2013 billing falling at least 40 pct * Maduro's slim election victory shows need for dialogue By Brian Ellsworth CARACAS, May 23 (Reuters) - Venezuela is slipping into...Tags: Venezuela, Petroleum Industry, Nicolas Maduro, Productivity, Energy Saving
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COMMODITIES-Oil down on high gasoline stocks, gold slips on Fed
Reuters* Brent crude slips below $103 as gasoline inventories surge * Gold falls as Bernanke cautions about low US rates * Copper hits 6-week high after no word on Grasberg restart By Barani Krishnan NEW YORK, May 22 (Reuters) - Oil prices slumped on...Tags: Inventories, Ben Bernanke, Credit Ratings, Energy Saving, Career and Workplace
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Fallout spreads in Hong Kong over shut-down Mercantile Exchange
ReutersHONG KONG (Reuters) - A close political ally of Hong Kong's chief executive has vowed to cooperate with an investigation into the shuttered Hong Kong Mercantile Exchange after the city's financial watchdog said it had alerted the police to "serious...Tags: Police Investigations, Hong Kong, Pomfret, Economy, Business and Finance, Finance
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ANALYSIS-Oil saving win-win drives Saudi solar power boom
Reuters* Solar could cost much less than half oil fired power * Solar offers over 20 percent return on investment By Daniel Fineren DUBAI, May 22 (Reuters) - A slide in solar power costs and a surge in oil prices over the last few years has made solar power a...Tags: Energy Resources, Energy Saving, Prices, Science and Technology, Alternative Energy
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