Russian oligarchs are terrified of potential sanctions for their country's politics. CNBC's Robert Frank has the details.» Read More
SINGAPORE, May 8- Gold was trading below $1,300 an ounce on Thursday, steadying at weaker levels after a fall of more than 1 percent in the previous session, when its safe-haven appeal dimmed on signs of easing tensions in Ukraine. *Spot gold edged up 0.1 percent to $1,290.53 an ounce by 0022 GMT, after losing 1.4 percent on Wednesday.
*Putin calls for pro- Moscow separatists to postpone a secession vote. Federal Reserve chief and signs of easing tensions in Ukraine after Russian President Vladimir Putin called on pro- Moscow separatists to postpone a succession vote.
SINGAPORE, May 8- U.S. crude held just below $101 a barrel in early Asian trading on Thursday, holding onto most of the gains made in the previous session when oil prices rose by more than $1 on both sides of the Atlantic after an unexpected drop in U.S. inventories.
*Alibaba IPO filing pressures Yahoo shares. Analysts at BGC Partners and Atlantic Equities told Reuters that Alibaba's valuation disappointed some Yahoo investors. That's why we see pressure on names like Google, Facebook and Amazon today, "said Tim Ghriskey, chief investment officer of Solaris Group in Bedford Hills, New York.
*Putin comments on Ukraine suggest easing tensions. *Gold prices decline, U.S. dollar index edges up. Equities were volatile throughout the day, with investors parsing comments from Russian President Vladimir Putin indicating a possible easing to the geopolitical concerns over Ukraine that have weighed on markets.
NEW YORK, May 7- Global oil prices rose by more than $1 a barrel on both sides of the Atlantic on Wednesday as an unexpected drop in United States inventories supported U.S. crude and escalating tensions in Libya pushed Brent higher.
British PM tells Pfizer wants more commitments for AstraZeneca deal. LONDON- Prime Minister David Cameron says Britain wants more commitments from Pfizer on its $106 billion takeover bid for British pharmaceutical company AstraZeneca.
*Cushing stocks down 1.4 million barrels- EIA. NEW YORK, May 7- U.S. crude oil prices rose by more than $1 a barrel on Wednesday after a government report showed an unexpected sharp drop in inventories in the United States. U.S. crude rose $1.18 to $100.68 a barrel by 12:57 p.m. EDT, with its discount to Brent narrowing about 40 cents to $7.11 a barrel.
NEW YORK/ LONDON, May 7- Gold prices fell about 1.5 percent on Wednesday as investors took profits from a run-up spurred by geopolitical concerns after Russian President Vladimir Putin urged Ukrainian separatists to postpone a referendum and said he was pulling troops back from their common border.
CNBC's Michelle Caruso-Cabrera reports Russian President Putin is ready to have a dialogue to end the crisis in Ukraine.
NEW YORK, May 7- U.S. stocks mostly rose on Wednesday, bouncing off earlier lows after comments from Federal Reserve Chair Janet Yellen offered no surprises, but the Nasdaq fell for a second straight day, weighed down by declines in Internet-related shares.
*Results from Credit Agricole, Henkel support. LONDON, May 7- European equities inched higher on Wednesday as positive company earnings narrowly outweighed a sharp fall in Fiat shares over scepticism about its new business plan.
MOSCOW, May 7- Western investors from a bank to a brewer reported trouble in their Russian operations on Wednesday due to the Ukraine crisis, while the Kremlin suggested Washington was trying to sabotage President Vladimir Putin's flagship economic forum.
*Results from Credit Agricole, Henkel support. Experian, the world's biggest credit data company, fell 6 percent, despite reporting an 8 percent increase in annual earnings, as its Chief Executive Don Robert said growth in the first half could be constrained.
*Putin comments on Ukraine may ease geopolitical tensions. *Gold prices decline, U.S. dollar index edges up. NEW YORK, May 7- Stock markets around the world were flat on Wednesday as investors digested comments from Russian President Vladimir Putin that indicated a possible easing to the geopolitical concerns over Ukraine that have recently weighed on markets.
LONDON, May 7- U.S. crude oil prices jumped by more than 1 percent on Wednesday after a government report showed a sharp drop in inventories in the United States. Brent crude was pressured after Russia called for separatists in the east of Ukraine to postpone an independence referedum.
NEW YORK, May 7- The dollar rose broadly on Wednesday after traders removed short positions against the U.S. currency on the view that persistently dovish comments from the Federal Reserve have become less effective in weakening the dollar.
*Japan, EU pressure Russia over Ukraine crisis. BRUSSELS, May 7- The European Union and Japan.
LONDON, May 7- Companies reporting results in recent weeks have been casting an increasingly nervous eye over the situation in Ukraine and the impact of a possible broadening of U.S. sanctions against Russia and Moscow's threat of responding in kind.
MOSCOW, May 7- The RTS index of Russian stocks rose nearly 6 percent on the day on Wednesday after President Vladimir Putin called on separatists in eastern Ukraine to postpone a referendum on self-government. Putin also said Russia would do all it can to resolve the Ukraine crisis and support international peace efforts.