Five banks involved in setting the London benchmark gold price have been accused in a lawsuit of price manipulation.» Read More
Emerging currencies weaken with commodities on China concerns. NEW YORK, March 11- The euro fell against the dollar and the yen on Tuesday after European Central Bank policymakers indicated traders may have overlooked the message that the bank may still act to stimulate the euro zone economy.
NEW YORK, March 11- Deutsche Bank's head of Latin American trading, Cristian Binaghi, is no longer working for the bank, two market sources familiar with the situation said on Tuesday. His LinkedIn profile showed that he studied at the Universidad de Buenos Aires. Deutsche Bank spokeswoman Renee Calabro in New York declined to comment on Binaghi's departure.
*Puerto Rico bonds rise in secondary trade. NEW YORK, March 11- Puerto Rico on Tuesday sold $3.5 billion of junk-rated bonds at a surprisingly low tax-free interest rate under 9 percent, which was still high enough to tempt investors to snap up the bonds despite the Caribbean island's difficult cash position.
SAO PAULO, March 11- Moelis& Co LLC, the financial firm founded by banker Ken Moelis, opened an office in Brazil on Tuesday, the latest move by an independent investment bank into the merger and acquisitions business in Latin America's biggest economy.
*Cocoa underpinned by expected 2013/ 14 global deficit. NEW YORK/ LONDON, March 11- Arabica futures extended their steep rally on Tuesday, touching a two-year high as parts of top grower Brazil's coffee belt failed to receive enough rain, while robusta rose to a one-year high.
*France says sanctions on Russia could come this week. Brent oil futures rose slightly on Tuesday, supported by tensions over Ukraine as the European Union and United States prepared sanctions against Russia that could come soon.
*China bonded copper premiums slide $15 to $120- $140- Shmet. LONDON, March 11- Copper tumbled to the lowest levels in over three years on Tuesday as investors and speculators intensified selling because of worries about Chinese demand and liquidation of inventories used for finance deals.
Aflac Inc. fell$. 58 or. 9 percent, to $64.96. American International Group fell$. 32 or. 6 percent, to $50.70. MBIA fell$. 09 or. 6 percent, to $14.51.
Delta Air rose$. 13 or. 4 percent, to $35.30. JetBlue Airways Corp. rose$. 01 or. 2 percent, to $8.89. Southwest Airlines Co. rose$. 21 or. 9 percent, to $23.81.
Hecla Mining Co. fell$. 01 or. 1 percent, to $3.39. Pan American Silver Corp. fell$. 15 or 1.1 percent, to $14.09. Silver Standard Resources Inc. fell$. 11 or 1.0 percent, to $10.64.
NEW YORK-- Shares of some top chemicals companies are down at 1 p.m.:. Dow Chemical Co. fell$. 34 or. 7 percent, to $49.49. DuPont Co. fell $1.24 or 1.8 percent, to $66.11.
NEW YORK-- A look at the 10 biggest percentage decliners on New York Stock Exchange at 1 p.m.:. Bridgepoint Education Inc. fell 11.2 percent to $16.88. Post Holdings Inc. fell 8.1 percent to $55.31.
Amazon fell$. 65 or. 2 percent, to $369.88. eBay fell$. 06 or. 1 percent, to $58.17. Google fell $5.81 or. 5 percent, to $1205.76.
Ford Motor Co. fell$. 16 or 1.0 percent, to $15.36. General Motors Co. fell$. 91 or 2.5 percent, to $36.18. Honda Motor Co. rose$. 37 or 1.0 percent, to $36.94.
Autozone Inc. rose$. 92 or. 2 percent, to $542.55. Bed Bath& Beyond Inc. rose$. 01 or percent, to $69.46. Best Buy fell$. 34 or 1.3 percent, to $25.90.
NEW YORK-- Shares of some top drug benefits companies are mixed at 1 p.m.:. CVSCaremark fell$. 42 or. 6 percent, to $73.15. Express Scripts Holding Co. rose$. 50 or. 6 percent, to $79.14.
Las Vegas Sands Corp. rose$. 49 or. 6 percent, to $86.00. MGM Resorts International fell$. 12 or. 4 percent, to $27.59. Marriott International Inc. rose$. 03 or. 1 percent, to $54.22.
Coca-Cola Co. rose$. 07 or. 2 percent, to $38.72. Dr Pepper Snapple rose$. 25 or. 5 percent, to $52.73. Molson Coors Brewing Co. fell$. 33 or. 6 percent, to $58.13.
Canadian National Railway Co. fell$. 06 or. 1 percent, to $56.18. Canadian Pacific Railway Ltd. fell$. 99 or. 6 percent, to $153.36. Kansas City Southern rose $1.11 or 1.1 percent, to $100.27.
Kohl's Corp. rose$. 66 or 1.2 percent, to $55.70. Macy's Inc. rose $1.21 or 2.1 percent, to $59.33. Nordstrom fell$. 16 or. 3 percent, to $62.47.