Stocks Fall 1%, Dow Slumps 150 After Bernanke
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LONDON, June 19- U.S. state-level targets show the remaining potential for renewable power in some states such as Illinois, within an overall picture of waning mandates. The United States has no federal targets to install or generate renewable power, where demand is instead driven by states in the form of renewable portfolio standards.
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BRUSSELS, June 19- European antitrust regulators fined nine drugmakers, including Denmark's Lundbeck, a total of 146 million euros for blocking the supply of a cheaper anti-depressant to the market, the first EU sanction against such deals.
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*Physical demand sluggish in China, India- traders. LONDON, June 19- Gold edged higher on Wednesday as stock markets retreated ahead of a Federal Reserve policy statement, but uncertainty over the future of U.S. central bank's quantitative easing programme kept it in a narrow range.
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*Oil holds around $106 a barrel; gold, copper little changed. LONDON, June 19- World shares edged higher while major currencies and commodities stayed within recent ranges on Wednesday as investors nervously awaited a decision on the U.S.
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*Natural gas exports to Turkey seen by 2016. LONDON, June 19- Iraqi Kurdistan will start a new oil pipeline to Turkey within months, its energy minister said, increasing the autonomous region's control over its resources in a dispute with Baghdad and raising its exports to world markets.
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LONDON, June 19- The World Bank is concerned about the spillover effects on developing countries of a slowing of U.S. money creation and will move to provide affordable capital when borrowing costs rise, its president said on Wednesday.
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LONDON, June 19- The UK's highest court has ruled that the British government was wrong to have imposed sanctions on an Iranian bank in 2009 over alleged links to Iran's nuclear programme.
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BEIJING, June 19- Wanda Group, China's largest commercial real estate developer, aims to invest about $1 billion to build a five-star hotel in New York as its third major investment outside its home market, Chairman Wang Jianlin said on Tuesday.
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*Copper, other markets, trade in recent ranges. LONDON, June 19- Copper edged up on Wednesday, but remained within a tight range near six-week lows, as investors held fire ahead of the conclusion of the Federal Reserve's two-day policy meeting.
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LONDON, June 19- The rand firmed to five-day highs on Wednesday after better-than-expected South African current account data but most other emerging assets were broadly weaker as investors awaited clarity on the U.S.
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Violence in the Middle East and lower oil stockpiles in the United States supported prices. Brent futures for August delivery were up 50 cents to $106.52 a barrel by 0940 GMT and set for their highest close since April 4. U.S. crude for July delivery rose to a nine-month high of $99.01, before easing to $98.91, still up 47 cents.
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LONDON, June 19- Gold held steady on Wednesday ahead of the outcome of the latest Federal Reserve policy meeting, as traders awaited further guidance on the future of the U.S. central bank's quantitative easing programme. Gold broke below its recent trading range on Tuesday to slide 1.2 percent, its biggest one-day loss in nearly two weeks.
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*Oil holds around $106 a barrel, gold flat. LONDON, June 19- European shares turned lower but major currencies and commodities stuck within recent ranges on Wednesday as investors awaited clarity on the U.S.
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LONDON, June 19- The dollar was broadly steady in subdued trading on Wednesday as markets awaited the outcome of the Federal Reserve's rate-setting meeting for clues on the future course of U.S. monetary policy. Analysts said the dollar and riskier assets could benefit if Fed Chairman Ben Bernanke manages to pacify nervous markets.
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LONDON, June 19- European shares reversed early gains on Wednesday to turn red, with traders saying investors were adjusting positions ahead of a U.S. The FTSEurofirst 300 was down 0.4 percent at 1,178.80 points by 0735 GMT, retreating from a session high of 1,186.52 points.
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*Oil holds around $106 a barrel, gold flat. LONDON, June 19- European shares edged higher and major currencies and commodities were little changed on Wednesday as investors awaited clarity on the U.S. There is a lot of slack in the economy and there is no inflation pressure, "said Ned Rumpeltin, head of G10 FX strategy at Standard Chartered Bank.
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LONDON, June 19- European equities edged higher on Wednesday, with volatility expected to be high and volumes light as investors look to the U.S.
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*Onglyza fails to show cardiovascular benefit in study. *Positive results might have added $1 bln to peak sales. LONDON, June 19- AstraZeneca and Bristol-Myers Squibb's diabetes drug Onglyza failed to reduce heart risks in a large clinical study, disappointing investors who had thought it might demonstrate an edge over rivals.
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LONDON, June 19- AstraZeneca and Bristol-Myers Squibb's diabetes drug Onglyza failed to reduce heart risks in a large clinical study.
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WASHINGTON/ KABUL- The United States and the Taliban raised hopes for a negotiated peace in Afghanistan with commitments to meet this week after 12 years of bloody and costly war between American-led forces and the insurgents.
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