As housing prices continue to skyrocket in London, CNBC's Catherine Boyle sets out to find a property in the British capital with a budget of half a million dollars.» Read More
NEW YORK/ LONDON, Aug 21- The International Swaps and Derivatives Association has set an action date of September 3 to settle Argentina's credit default swaps after including two controversial yen-denominated bonds in the list of deliverable securities.
Bank of America settlement likely to benefit few. WASHINGTON— Bank of America's record $16.65 billion settlement for its role in selling shoddy mortgage bonds— $7 billion of it geared for consumer relief— offers a glint of hope for desperate homeowners. NEW YORK— To win the hearts of frequent business travelers, United Airlines is going through their stomachs.
NEW YORK/ LONDON, Aug 21- Gold slid 1.4 percent to its lowest in two months on Thursday, extending losses to a fifth session, as fears about an early interest rate hike by the U.S.
NEW YORK/ LONDON, Aug 21- The International Swaps and Derivatives Association will include two yen- denominated bonds in the list of securities used to settle Argentina's credit default swaps, a move that will likely reduce the payout for protection holders.
LONDON, Aug 21- Copper steadied on Thursday after U.S. data signaled a strengthening economy, but sluggish growth elsewhere in the world kept the metal under pressure.
Aug 21- When is the best time to book a trip to Walt Disney World? During a Twitter discussion on Aug. 19 hosted by Reuters, a panel of experts fielded questions about travel. The panel comprised Brian Kelly, who runs ThePointsGuy.com; Tim Winship, editor and publisher of FrequentFlier.com, and Jason Cochran, editor of Frommers.com.
NEW YORK, Aug 21- U.S. crude rose and Brent futures pared losses on Thursday, lifted by supportive economic data from the United States after a plentiful supply picture and Chinese economic data had earlier pressured prices.
NEW YORK, Aug 21- Global equity markets edged higher on Thursday, with the S&P 500 hitting an all-time high, as U.S. and German data drove confidence on economic growth and helped extend a stock rally.
French exports exceed those of Britain and Lithuania on the world market, but a wet summer has meant France is set to produce more wheat for animal feed and less higher grade bread-making grain this year.
*Platinum falls to 3- month lows. LONDON, Aug 21- Gold slid around 1 percent to its lowest in two months on Thursday, extending losses to a fifth session on a firm dollar and after slightly better than expected U.S. jobless claims fed expectations for an early interest rate hike.
*Libya restarts crude oil exports from biggest port. Libya has resumed exports from its largest port, helping push its oil output to the highest level for months, while top exporter Saudi Arabia raised its output in July to 10 million barrels per day.
*Raiffeisen Bank jumps on reassuring comments on Russia. PARIS, Aug 21- European stocks rose on Thursday, extending their sharp two-week rebound, boosted by better-than-expected German private sector growth figures which reassured investors about the outlook for Europe's biggest economy following a soft patch.
LONDON, Aug 21- Copper, aluminum and other base metals fell on Thursday after downbeat data on business activity in China and Europe, but investors were cautious about selling just a day after some were forced to bail out of short positions.
*Saudi Arabia pumps 10 million bpd in July. The world's top two crude oil benchmarks have fallen by more than $10 a barrel since June on a build-up of supply in the Atlantic Basin and diminishing worries over the risk that conflicts in the Middle East would hit oil production.
LONDON, Aug 21- Some reassuring data from Germany eased pressure on the struggling euro on Thursday after speculation of an earlier rate rise from the Federal Reserve had pushed the dollar to an 11- month high.
*Saudi Arabia pumps 10 million bpd in July. Libya has resumed exports from its largest port, helping push the country's oil output to its highest for months, while top exporter Saudi Arabia raised its output in July to 10 million barrels per day.
SHELBYVILLE, Ky.— Global liquor giant Diageo PLC will raise its stakes in the growing bourbon sector by making its Bulleit whiskeys at a new Kentucky distillery, where the company's ambitious plans for the brand had a top company executive talking about a potential expansion even before initial construction begins.
GUELPH- Canadian Finance Minister Joe Oliver will speak to reporters before a business roundtable in Guelph, Ontario- 1800 GMT. WYOMING, United States- European Central Bank President Mario Draghi to speak on "Reevaluating Labor Market Dynamics" in Jackson Hole, Wyoming- 1830 GMT. STOCKHOLM- Meeting of the General Council of the Riksbank.
*Wall Street rebounds on Fed minutes, dollar rallies. NEW YORK, Aug 20- Global equity markets rose on Wednesday after minutes from the Federal Reserve indicated there is no rush to bring forward plans to raise interest rates in the future, reversing earlier declines that were driven by hints from the Bank of England of an early rate hike.
An acceleration could leave Argentina facing claims of up to $30 billion, more than the government holds in foreign reserves.