President Obama answers questions about the state of Ukraine and Russia's diplomatic handling of the crisis.» Read More
Of the half a trillion dollars held by Russians outside the country, roughly two-thirds is held in accounts in just three countries.
*Gold drops further after Fed says to revamp guidance. NEW YORK/ LONDON, March 19- Gold fell 1.8 percent on Wednesday after the Federal Reserve dropped the U.S. unemployment rate as its definitive yardstick for gauging economic strength, and made clear it would rely on a wide range of measures in deciding when to raise interest rates.
*First Solar jumps after outlook. NEW YORK, March 19- U.S. stocks edged lower on Wednesday as after the release of the Federal Reserve's policy statement and looked ahead to comments from Federal Reserve Chair Janet Yellen.
*KB Home rallies after results, Adobe Systems falls. NEW YORK, March 19- U.S. stocks barely budged on Wednesday as investors paused after a two-day rally and looked ahead to comments from Federal Reserve Chair Janet Yellen.
The White House is doling out investment advice on Russia, but not all investors agree with its take.
NEW YORK, March 19- Brent oil futures fell by $1 a barrel on Wednesday, touching 6- week lows on easing worries that tensions in Ukraine would escalate, while U.S. crude oil rose ahead of the contract's expiration. Russian President Vladimir Putin signed a treaty on Tuesday making Crimea part of Russia, but said he did not plan to seize any other regions of Ukraine.
*Gold on track for biggest one-day fall since Jan. 30. NEW YORK/ LONDON, March 19- Gold fell more than 1 percent on Wednesday, extending the previous session's losses after comments by Russian President Vladimir Putin eased tensions in Ukraine, with the market turning its focus on a policy decision by the Federal Reserve.
NEW YORK, March 19- The dollar got a lift on Wednesday from expectations the Federal Reserve will look beyond the drag of a harsh winter on America's economy and keep unwinding its monetary stimulus.
*Oracle falls after results, but KB Home rallies. The S&P 500 was within striking distance of all-time highs, though an Oracle Corp selloff weighed on tech shares, and economic bellwether FedEx Corp sounded a sour note in its outlook.
*Fed widely expected to pare bond purchases by $10 bln. NEW YORK, March 19- U.S. government debt prices were little changed on Wednesday as investors waited for the Federal Reserve to possibly change its guidelines on the timing of raising interest rates as job growth remains sluggish and inflation stays stuck below its target.
*Biden warns Russia is on "dark path" to isolation. *Russia says OSCE has exhausted military inspections. The dramatic seizure came as Russia and the West dug in for a long confrontation over Moscow's annexation of Crimea, with the United States and Europe groping for ways to increase pressure on a defiant Russian President Vladimir Putin.
Vice President Joe Biden warns Russia that the United States will respond to any aggression against NATO allies.
*FedEx and Oracle fall after results, Adobe higher. *The S&P 500 looked to open near record levels despite sour notes sounded by weak results from FedEx Corp, an economic bellwether, and Oracle Corp.. *FedEx posted third-quarter results that were below expectations and gave a weak full-year profit forecast, saying it had been significantly hurt by winter storms.
Federal Reserve policy decision than the continuing military tensions between Ukraine and Russia. This shift in focus towards the Fed away from geopolitical concerns over Russia and Ukraine put a floor under stocks, which had opened lower following a strong start to the week.
*BMW surges on profit outlook, boosts auto sector. LONDON, March 19- European shares edged higher in cautious trading ahead of an expected announcement of a further cut in U.S. monetary stimulus on Wednesday, with BMW leading auto stocks higher after delivering a bullish profit outlook.
SEVASTOPOL/ MOSCOW, March 19- Russian troops backed by unarmed volunteers stormed Ukraine's naval headquarters in the Crimean port of Sevastopol on Wednesday and raised the Russian flag, as Moscow tightened its control of the Black Sea peninsula.
LONDON, March 19- Oil fell towards $106 a barrel on Wednesday, close to a six-week low, as concerns eased about an escalation of the Ukraine crisis and on forecasts for a rise in U.S. oil inventories. Russian President Vladimir Putin signed a treaty on Tuesday making Crimea part of Russia again but said he did not plan to seize any other regions of Ukraine.
*Tech shares in focus following Oracle, Adobe results. *Russian President Vladimir Putin has signed a treaty to make it part of Russia, and while no violence was reported as pro-Russian forces took control of part of a Ukraine naval base, investors are concerned that tensions in the region could escalate.
LONDON, March 19- Gold fell for a third session on Wednesday, with the dollar and European shares steadying as the market focus cautiously shifted from political tensions in Ukraine to a policy decision by the Federal Reserve later in the day.
LONDON, March 19- Oil fell towards $106 a barrel on Wednesday, close to a six-week low, as concern eased about an escalation of the Ukraine crisis and on forecasts for a rise in U.S. oil inventories. Russian President Vladimir Putin signed a treaty on Tuesday making Crimea part of Russia again, but said he did not plan to seize any other regions of Ukraine.