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  • NEW YORK, Dec 9- Phibro, the storied energy trading firm run by famed oil investor Andrew Hall, is said to be shutting down, with Hall focusing on his multibillion-dollar hedge fund, according to sources and reports on Tuesday. Westport, Connecticut- based Phibro, owned by Occidental Corp, is set to "close shop," according to two market sources who were told of the closure.

  • *Brent hits low of $65.29/ barrel before rebounding. NEW YORK, Dec 9- Brent prices were up on Tuesday after a 5- year low and five straight days of losses and U.S. crude also rose as players sought a sustainable price for oil in a market haunted by oversupply concerns. Brent was up 57 cents at $66.76 a barrel by 11:53 a.m. EST after falling as low as $65.29, its weakest...

  • TREASURIES-Prices steady ahead of ECB, U.S. jobs data Wednesday, 3 Dec 2014 | 10:49 AM ET

    NEW YORK, Dec 3- U.S. "The market is pretty much in lockdown mode," said Eric Green, head of U.S. rates and research at TD Securities in New York. European Central Bank policymakers meet on Thursday and may announce asset buying, interest rate changes or other policy moves meant to help Europe's slumping economy.

  • The fund, run by ex- Credit Suisse traders George "Beau" Taylor and Trevor Woods, runs a diversified energy-related portfolio, but the slump in oil prices to five-year lows after the OPEC meeting was a key driver, the sources said. Pierre Andurand, founder of the BlueGold fund that had gigantic gains during the 2008 oil market slump, made 18 percent last month at his...

  • Treasuries fell on Tuesday, with prices pressured by a Wall Street rally and institutional investors readying for a $6 billion corporate bond deal from leading retailer Amazon. "Today was primarily about the rebound in equity prices," said Ian Lyngen, senior government bond strategist at CRT Capital in Stamford, Connecticut. "There is a lot of corporate issuance...

  • WASHINGTON, Dec 1- U.S. factory activity moderated in November, but sustained gains in new orders and a rebound in export orders suggested the economy remained on a firmer footing despite slowing global growth. "The ISM report continues to show U.S. manufacturing sector momentum on a firmer footing heading into the penultimate month of the year, though market...

  • DUBLIN, Dec 1- Ireland's Avolon Holdings launched an initial public offering valuing it at up to $1.86 billion on Monday, as a Chinese suitor confirmed it had dropped its bid for the world's ninth largest aircraft leasing firm. Avolon filed for a New York listing in June, only to be approached by China Investment Corp and Chinese state aerospace firm AVIC Capital.

  • WEST HARTFORD, Conn./ CHICAGO, Nov 28- Mall crowds were relatively thin on Black Friday in a sign of what has become the new normal in U.S. holiday shopping: the mad rush is happening the night of Thanksgiving and more consumers are picking up deals online. Across the United States, shoppers were greeted by protesters at hundreds of stores- some calling for higher wages...

  • WEST HARTFORD, Conn./ CHICAGO, Nov 28- Mall crowds were relatively thin on Black Friday in a sign of what has become the new normal in U.S. holiday shopping: the mad rush is happening the night of Thanksgiving and more consumers are picking up deals online. "It just looks like any other weekend," said Angela Olivera, a 32- year-old housewife shopping for children's...

  • Judge: WMT must let NYC church challenge gun sales Friday, 28 Nov 2014 | 2:06 PM ET
    Residents shop at Walmart as the store prepares for Black Friday in Los Angeles, Calif., November 24, 2014.

    A federal judge ordered Wal-Mart Stores to let shareholders vote on a proposal to force tighter oversight of its sale of high-capacity guns.

  • NEW YORK, Nov 28- Long-dated U.S. Brent crude touched a four-year closing low on Thursday, when Saudi Arabia blocked calls from poorer members of the OPEC oil cartel to cut production to stem a slide in global prices. "Global disinflationary factors continue to dominate market moves," said Shyam Rajan, U.S. rates strategist at Bank of America Merrill Lynch in New York.

  • WEST HARTFORD, Conn., Nov 28- Mall crowds were relatively thin early on Black Friday in a sign of what has become the new normal in U.S. holiday shopping: the mad rush is happening the night of Thanksgiving and more consumers are picking up deals online. Police responded to a handful of incidents at Wal-Mart Stores on Thursday, including to break up a fight over a Barbie...

  • *U.S. financial markets to close Thursday for Thanksgiving. NEW YORK, Nov 26- The dollar fell against a basket of currencies on Wednesday as a batch of disappointing U.S. data on consumers, housing and manufacturing raised concern that the world's biggest economy is losing momentum in the final months of 2014.. "Today's data were underwhelming," said currency...

  • FOREX-Dollar falls on disappointing economic data Wednesday, 26 Nov 2014 | 11:12 AM ET

    *U.S. financial markets to close Thursday for Thanksgiving. NEW YORK, Nov 26- The dollar fell against a basket of currencies on Wednesday as a batch of disappointing U.S. data on consumers, housing and manufacturing raised concern that the world's biggest economy is losing momentum in the final months of 2014.. "Today's data were underwhelming," said Brian...

  • NEW YORK, Nov 25- U.S. Month-end buying of Treasury notes boosted demand at the Treasury's auction of $35 billion in five-year notes, analysts said. "It was a vote of confidence in U.S. bonds versus other sovereign fixed income instruments," said Tyler Tucci, Treasury strategist at RBS Securities in Stamford, Connecticut, on the strong bidding.

  • *Saudi's Naimi meets Russian, Venezuelan and Mexican counterparts Meeting held ahead of Thursday's OPEC summit. NEW YORK, Nov 25- Oil prices rose on Tuesday, with Brent crude above $80 per barrel, after news that Saudi Arabian Oil Minister Ali al-Naimi was meeting with his Russian, Venezuelan and Mexican counterparts ahead on an OPEC meeting that could cut output.

  • NEW YORK, Nov 24- U.S. "It's certainly very difficult to interpret it as a hawkish vote on Fed policy," said Ian Lyngen, senior government bond strategist at CRT Capital in Stamford, Connecticut, on the strong bidding at Monday's auction. Treasury still has $13 billion in two-year floating rate notes, $35 billion in five-year notes and $29 billion in seven-year notes...

  • COLUMN-Oil in Arcadia: John Kemp Monday, 24 Nov 2014 | 9:05 AM ET

    Some of that crude came from states such as North Dakota, Texas and Alaska, and the rest from foreign suppliers like Canada, Saudi Arabia, Venezuela and Nigeria. On Saturday, the New York Times published a carefully researched essay chronicling "The Downside of the Boom" about how " North Dakota took on the oversight of a multi-billion dollar oil industry with a...

  • Nov 20- Renowned oil trader Andy Hall's hedge fund Astenbeck Capital Management had a 5 percent loss in October, after performing reasonably well the prior two months amid tumbling oil prices, according to a letter to investors from Hall. Westport, Connecticut- based Astenbeck, which manages approximately $3 billion, is now up 6 percent on the year, Hall said in the...

  • WASHINGTON, Nov 20- President Barack Obama planned on Thursday to ease the threat of deportation for about 4.7 million illegal immigrants, as leading Democrats lined up behind the U.S. leader in the face of Republican attacks. Obama dispatched his chief of staff, Denis McDonough, to Capitol Hill for lunch with Senate Democrats who grilled him on the politics and...