A Bangladesh factory where Wal-Mart Stores and Inditex inspectors spotted cracks in the wall this month is still making Wrangler shirts for the world's largest apparel maker, U.S.-based VF Corp.» Read More
CHENNAI, India, May 22- Brent futures pulled further below $104 per barrel on Wednesday on concerns that peak summer demand in the world's top oil consumer may falter after data showing a stronger-than-expected rise in U.S. oil stockpiles.
*Coming Up; Fed's Bernanke testifies to Congress; 1400 GMT. SINGAPORE, May 22- London copper held near a two week-high on Wednesday, supported by indications the U.S. For that we need to see a resumption in demand, "analyst Dominic Schnider at UBS in Singapore said.
SINGAPORE May 22- Singapore state investor Temasek Holdings Pte Ltd has paid $500 million for a stake of around 10 percent stake in financial data provider Markit Group, a person familiar with the transaction said.
SINGAPORE, May 22- London copper on Wednesday held below two week-highs hit the session before after Federal Reserve officials suggested the central bank would continue its bond-buying scheme. *Copper pushed to its highest since May 8 at $7,450 a tonne on Tuesday.
SINGAPORE, May 22- Gold edged higher on Wednesday, buoyed by a weaker dollar after Federal Reserve officials dampened expectations that the U.S. central bank may soon exit its bullion-friendly bond purchases.
And a key negotiator for the European Union's Executive Commission, focus of anger from many other countries over its emissions trading scheme, said she hoped a road map towards a pact would be agreed by this autumn.
NEW YORK, May 21- Crude prices fell on Tuesday, led lower by a sharp drop in U.S. gasoline futures as traders bet the market would be well supplied this summer, and as an industry report showed rising fuel stockpiles in the world's largest oil consumer.
May 21- Gap Inc's chairman and CEO said on Tuesday the U.S. retailer was ready to sign a global accord designed to prevent another deadly disaster in Bangladesh's garment industry, provided there were some "very minor accommodations."
May 22- Sony Corp is considering evaluating a proposal from top shareholder Third Point LLC to spin off part of its movie and music business, Japanese daily Nikkei reported. Sony's U.S. listed shares rose 9 percent on Tuesday on the New York Stock Exchange.
NEW YORK, May 21- Crude oil futures ended lower on Tuesday, falling early as the dollar strengthened, then paring losses as the greenback weakened after a Federal Reserve official said he did not believe the U.S. central bank should pull back on its quantitative easing program.
*Gold's appeal hurt by fears the Fed will ease stimulus. (Recasts, updates prices, adds comments, adds byline, changes dateline NEW YORK/ LONDON, May 21- Gold trimmed its losses on Tuesday as the euro regained strength against the dollar, but the metal remained lower on weak chart signs and fears the U.S.
LONDON, May 21- Copper dipped on Tuesday after disappointing import numbers from top consumer China, but losses were capped by a protracted production outage in Indonesia. Copper has rebounded from 18- month lows hit earlier this month below $6,800 a tonne on growing confidence that the U.S. recovery is on track, but the metal is still down some 7 percent this year.
MUMBAI/ BANGALORE, May 21- IT outsourcing company iGate Corp sacked Chief Executive Phaneesh Murthy after a company sexual harassment investigation revealed that he had not disclosed a relationship with a subordinate.
ANCHORAGE, Alaska-- The grounding of a Royal Dutch Shell PLC drill barge off a remote Alaska island began with a bracket connected to a tow line being ripped off the vessel in heavy Gulf of Alaska weather, a Shell official testified Monday.
NEW YORK/ LONDON, May 21- Brent crude oil futures fell below $104 per barrel on Tuesday in New York, as investors worried that the U.S. Operations were unaffected at the U.S. crude futures hub in Cushing, Oklahoma, about 77 miles northeast of Moore, after a vicious tornado ripped through the area.
*U.S. Senate subcommittee says Apple paid no tax on $29.9 bln dividends. CORK/ DUBLIN, May 21- Ireland said on Tuesday it was not to blame for Apple Inc's low global tax payments and had no special rate deal with the company after the U.S. Senate said it paid little or no tax on tens of billions of dollars in profits stashed in Irish subsidiaries.
LONDON, May 21- Gold, down in seven of its last eight sessions extended earlier losses on Tuesday on a firm dollar, weak technical signals and speculation that the U.S. Gold has been hit by a shift in investment into higher-yielding equities since the start of the year on signs of an improving global economic outlook, particularly in the United States.
LOUISVILLE, Ky.-- A longtime coal operator plans to open seven mines in the heart of the eastern Kentucky coalfields in a venture expected to create more than 250 jobs in a hard-pressed region where several thousand mining jobs have disappeared in recent years.
*Iran is 4th- largest iron ore supplier to China. SHANGHAI/ LONDON, May 21- Iran's government is negotiating a tax of up to 40 percent on iron ore exports to take advantage of a surge in sales to China, aiming to replace revenue from oil and other sources eroded by sanctions.
LONDON, May 21- Copper rose on Tuesday as investors remained confident about the U.S. economic recovery and kept an eye on a protracted production outage in Indonesia, though gains were capped by disappointing import numbers from top consumer China.