Manpreet Gill, Senior Investment Strategist at Standard Chartered Bank tells CNBC's Cash Flow why he thinks it's important for investors to remain in the U.S. markets.» Read More
While Europe has shale plans of its own, there is as yet no unified EU policy. The reserves will be far harder to extract than in the United States and the final cost to consumers is likely to be substantially higher so Europe will not be able to free itself of dependence on gas imports from Russia any time soon.
BRUSSELS/ PARIS, May 21- Growing concern in European capitals about aggressive tax avoidance by high-profile corporations such as Amazon, Google and Apple looks set to steal the agenda of a European Union summit in Brussels on Wednesday.
MOSCOW, May 22- Foreign banks that once treated Russia as virgin land where easy money could be made are now finding it a cut-throat market tougher than some bargained for.
*Risk appetite bigger at top Wall Street banks. LONDON, May 22- Europe's energy price manipulation probe has turned regulatory attention to secretive trading units at oil companies with huge turnover and millionaire staff with risk appetite higher than at Wall Street's biggest banks.
CHENNAI, India, May 22- Brent futures dropped further below $104 per barrel on Wednesday, as data showing a surprise jump in U.S. gasoline stockpiles and worries that peak summer demand in the world's top oil consumer may falter dragged down prices.
SYDNEY, May 22- The end of Australia's resources boom is taking its toll on investment in the sector, with A $150 billion in planned projects delayed or cancelled since April 2012, government data shows. China's economic slowdown has squashed a decade-long mining boom in Australia that drove gold, copper, iron ore and coal to record prices.
SHANGHAI, May 22- China's yuan rose against the dollar on Wednesday, up from Tuesday's close but slightly short of the record intra-day high struck that day, as the central bank lets the currency appreciate further.
NEW YORK, May 21- U.S. prosecutors are considering charging Steven A. Cohen's SAC Capital Advisors as a criminal enterprise engaged in a long pattern of insider trading in stocks, according to a person familiar with the matter. Attorney Preet Bharara declined to comment, as did a spokesman for the Justice Department.
CHENNAI, India, May 22- Brent futures pulled further below $104 per barrel on Wednesday on concerns that peak summer demand in the world's top oil consumer may falter after data showing a stronger-than-expected rise in U.S. oil stockpiles.
*Coming Up; Fed's Bernanke testifies to Congress; 1400 GMT. SINGAPORE, May 22- London copper held near a two week-high on Wednesday, supported by indications the U.S. For that we need to see a resumption in demand, "analyst Dominic Schnider at UBS in Singapore said.
Ascent Solar Technologies Inc.: Approximately 10,097,000 shares changed hands, a 4,744.9 percent increase over its 65- day average volume. The shares rose$. 16 or 20.8 percent to$. 94. Chicopee Bancorp: Approximately 32,800 shares changed hands, a 1,371.0 percent increase over its 65- day average volume.
ASB Bancorp Inc.: Approximately 200 shares changed hands, a 96.5 decrease from its 65- day average volume. The shares rose$. 05 or. 3 percent to $16.44. Alliance Bancorp Inc.: Approximately 100 shares changed hands, a 96.2 decrease from its 65- day average volume.
NEW YORK-- A look at the 10 biggest volume decliners on New York Stock Exchange at the close of trading:. American Strategic Income Portfolio: Approximately 2,900 shares changed hands, a 85.2 decrease from its 65- day average volume. The shares rose$. 11 or. 2 percent to $55.98.
NEW YORK-- A look at the 10 biggest volume gainers on New York Stock Exchange at the close of trading:. Denali Fund: Approximately 17,700 shares changed hands, a 408.2 percent increase over its 65- day average volume. The shares rose$. 08 or 1.5 percent to $5.39.
Apollo Group rose$. 08 or. 4 percent, to $21.48. DeVry rose$. 12 or. 4 percent, to $31.20. Strayer Education Inc. rose$. 92 or 1.6 percent, to $57.49.
Allergan rose$. 09 or. 1 percent, to $98.54. Baxter International Inc. rose$. 10 or. 1 percent, to $73.04. Boston Scientific Corp. fell$. 02 or. 2 percent, to $9.23.
Arch Coal rose$. 17 or 3.2 percent, to $5.55. Consol Energy Inc. rose$. 38 or 1.1 percent, to $35.44. Peabody Energy rose$. 08 or. 4 percent, to $21.17.
American Electric Power Co. fell$. 11 or. 2 percent, to $49.36. Consolidated Edison Inc. Holding Co. fell$. 03 or percent, to $60.87. Dominion Resources Inc. fell$. 06 or. 1 percent, to $60.69.
General Electric Co. rose$. 09 or. 4 percent, to $23.66. Snap-On rose$. 53 or. 6 percent, to $92.28. Whirlpool Corp. rose $1.44 or 1.1 percent, to $130.97.
Comcast Corp. rose$. 71 or 1.7 percent, to $42.23. Walt Disney Co. fell$. 29 or. 4 percent, to $65.83. Gannett fell$. 21 or 1.0 percent, to $21.54.