Jonathan Cavenagh, Senior FX Strategist at Westpac Institutional Bank, tells CNBC's Cash Flow that the forex markets are already looking beyond QE taper.» Read More
LONDON, Dec 9- Brent crude steadied above $111 a barrel on Monday, underpinned by upbeat economic data from the United States and China, the world's two biggest oil consumers. "Oil continues to draw support from bullish macro sentiment following decent U.S. payrolls figures and strong trade data from China," VTB Capital oil strategist Andrey Kryuchenkov said.
*Founder Ercil was formerly Asia head of Perry Capital. *Opportunities for Asia distressed asset investment growing. ARCM, founded by Alp Ercil, the former Asia head of New York- based Perry Capital, has become one of the largest hedge fund companies in the region.
SINGAPORE, Dec 9- Brent crude oil futures held near $112 a barrel on Monday, underpinned by upbeat economic data from the United States and China, the world's first and second largest oil consumers. Brent crude oil futures had edged up 12 cents to $111.71 a barrel by 0615 GMT, after rising more than $1 in the previous session.
SINGAPORE, Dec 9- Brent crude oil futures held near $112 a barrel on Monday, underpinned by upbeat economic data from the United States and China, the world's first and second largest oil consumers. Brent crude oil futures edged higher by 11 cents to $111.72 a barrel by 0430 GMT, after rising more than $1 in the previous session.
*Aussie also firmer due in part to strong China trade data. TOKYO/ SYDNEY, Dec 9- The euro raced to a near six-week high against the dollar and scaled a fresh five-year peak versus the yen on Monday after strong U.S. payrolls data boosted risk appetite despite threats of a possible reduction in the U.S. monetary stimulus.
*Aussie also firmer due in part to strong China trade data. SYDNEY, Dec 9- The euro raced to a near six-week high against the dollar and scaled a fresh five-year peak on the yen on Monday as investors ploughed back into the common currency after an unexpectedly upbeat U.S. jobs report failed to impress dollar bulls.
*Asian markets look well placed in wake of Wall St gains. SYDNEY, Dec 9- Asian markets were poised to move higher on Monday, energised by a potent cocktail of upbeat Chinese trade data, a weaker yen and a firm finish on Wall Street.
Marching north, it was expected to pummel the East Coast with snow, sleet, and freezing rain from Baltimore to north of Portland, Maine, according to the National Weather Service. The Delaware Memorial Bridge, which links Delaware with New Jersey, was closed briefly "due to ice and multiple accidents," according to the bridge's official Twitter account.
The storm was moving up the East Coast, with snow, sleet, and freezing rain expected from Baltimore, Maryland, to north of Boston, according to the National Weather Service. The system was expected to reach Philadelphia and New York City by Sunday afternoon and linger over the area through Monday morning's rush hour commute.
Inconclusive data in the United States has given few clues as to when the Federal Reserve might bring its policy of easy money to an end, while markets are still waiting for the European Central Bank to come to the euro zone's rescue again with more than just another interest rate cut.
Dec 8- An experimental AbbVie Inc drug for leukemia controlled or eliminated signs of the disease in more than 80 percent of patients who had failed to benefit from previous treatments, an unprecedented finding that could spur use of the medicine for other cancers, researchers said.
Dec 8- A closely watched leukemia drug developed by Johnson& Johnson and Pharmacyclics Inc maintained its effectiveness in keeping the disease at bay for most patients, according to long-term follow-up data from a midstage study being presented at a major medical meeting.
WASHINGTON/ CALGARY, Dec 8- Canada is running out of time to offer U.S. Concessions from Canada would make the pipeline more palatable in Washington, experts say, since Obama has made fighting climate change a second-term priority and has said that Canada could do more to reduce carbon emissions.
"For something of this magnitude and this controversial... there will be somebody who will challenge it," said Brian Cartwright, an advisor at consultancy Patomak Global Partners and a former general counsel at the Securities and Exchange Commission, one of the agencies voting on the measure.
Supreme Court justice on Saturday night denied a last-ditch effort by a group of consumers and travel agents to stop the merger of American Airlines and US Airways.
WASHINGTON, Dec 7- A group of consumers and travel agents filed a last-ditch petition on Saturday to the U.S. Supreme Court to stop American Airlines and US Airways from merging, a move they fear would drive air travel prices up and service down and make planes more crowded.
The documents show that a JPMorgan program designed to prevent questionable hiring practices was ultimately viewed inside the company as "a gateway to doing business with state-owned companies in China," the Times said, adding that it had reviewed copies of the emails and computer spreadsheets.
Dec 7- A U.S. federal judge has refused to allow investors to proceed as a group in a lawsuit accusing BP Plc of fraud by misleading them- before and after the 2010 Gulf of Mexico oil spill- about the company's ability to respond to an accident.
Filed in U.S. District Court in New York, the Martoma documents showed how extensively investigators questioned Cohen about the trading at the center of the case against Martoma, who was charged in November 2012 with insider trading in what is said to be the most lucrative such U.S. scheme ever.