NEW YORK/ LONDON, Dec 4- Service sector activity expanded around the world in November, albeit at a slower rate, while strong U.S. data housing and jobs figures brightened the outlook for growth, data showed on Wednesday. The upbeat housing data turned the stock market around later in the session, and Wall Street shaved its initial losses.» Read More
SINGAPORE, June 26- Brent crude eased on Wednesday after strong U.S. economic data supported plans by the Federal Reserve to scale back its stimulus later this year, cutting the flow of cheap central bank money that has boosted market liquidity. Brent crude for August delivery dropped 19 cents to $101.07 a barrel by 0229 GMT.
NEW YORK, June 25- The dollar recovered from early losses and rallied against the euro and yen on Tuesday after a slew of U.S. economic reports bolstered optimism the recovery was gaining traction and that the Federal Reserve can slow its stimulus measures.
Market veterans Marc Faber and Jim O'Neill — known as Dr. Doom and Mr. BRIC respectively — posted opposite views when asked if the Chinese liquidity crunch was real.
*China's central bank soothes liquidity fears, lifting shares off lows. Asian shares moved into positive territory after China's central bank committed to guiding interest rates to reasonable levels, and said it expected the factors behind a recent spike in interbank rates to gradually fade.
BASEL, Switzerland, June 25- The agency that sets rules for global banks will establish a task force to look at reform of Libor after a scandal in which three banks were fined for rigging the global interest rate benchmark.
*Plunge in China's stock market reflects market panic. SHANGHAI, June 25- The yuan closed marginally lower against the dollar on Tuesday for the fourth straight session as worries over the health of China's finance system and the economy offset a stronger official midpoint set by the central bank, traders said.
*Plunge in China's stock market reflects market panic. SHANGHAI, June 25- The yuan fell versus the dollar at midday on Tuesday for the fourth straight session as worries over the health of China's finance system and the economy offset a stronger official midpoint set by the central bank, traders said.
*Copper inches up but holds near 3- year trough. *China cash crunch, U.S. monetary easing pullback weigh. JAKARTA, June 25- London copper futures eased on Tuesday to hover near their lowest levels in almost three years on worries a liquidity crunch in main consumer China could curb its economic growth.
*BRICS want joint action against strong dollar- Brazil. Brazil, China leaders discussed "complex" markets. Brazil and other developing nations- until recently the main engines of the global economy- are growing anxious about the expected withdrawal of stimulus in the United States, which has sparked a sell-off in local markets.
The global arms trade jumped by 30 percent to $73.5 billion between 2008-2012 in spite of the economic downturn, driven by surging exports from China and demand from countries like India, and is set to more than double by 2020, defence and security consultancy IHS Jane's said on Tuesday.
June 24- Less than a week after the U.S. The Fed is center stage for investors after Chairman Ben Bernanke last week said the central bank expected to reduce its bond-buying later this year, and to halt the stimulus program altogether by mid-2014 if the economy improves as forecast.
*Ten-year German yield hits highest since April 2012. LONDON, June 24- Bond yields rose across the euro zone on Monday, with those on 10- year German Bunds hitting 14- month highs, as the prospect of the Federal Reserve cuting its bond purchases took a further toll on battered debt markets.
*Tenet Health to buy Vanguard Health; Keynote to be bought. NEW YORK, June 24- U.S. stocks dropped more than 1 percent on Monday, extending a slide as investors worried about the impact on equities from the Federal Reserve's plan to exit its economic stimulus and a cash squeeze in China that could hurt its economy.
LONDON, June 24- European shares fell on Monday and pushed a leading regional index firmly into negative territory for the year as worries over a possible Chinese credit crunch and a scaling back in U.S economic stimulus hit markets.
LONDON, June 24- Bond yields rose across the euro zone on Monday, with those on 10- year German Bunds hitting 14- month highs, as the prospect of the Federal Reserve winding down monetary stimulus took a further toll on battered debt markets.
LONDON, June 24- Gold and copper prices fell on Monday and oil prices languished as the prospect of slower growth in China and the U.S. central bank's plans to rein in monetary stimulus worried investors. The United States and China are the world's top two economies and biggest consumers of crude oil and copper so prices suffer if it looks as though demand will slow.
MOSCOW, June 24- Russian President Vladimir Putin appointed Andrei Belousov on Monday as his economic adviser, beefing up his Kremlin staff with an advocate of greater state action to revive the weak economy.
MOSCOW, June 24- Russian President Vladimir Putin appointed Andrei Belousov as his top economic adviser on Monday, beefing up his Kremlin staff with an advocate of a big state role in the economy as part of a wider rotation of his policy team.
*MSCI Asia ex- Japan nearly flat, Nikkei opens up 1.4 pct. TOKYO, June 24- The dollar rose on Monday as the prospect of an improving U.S. economy that has prompted the Federal Reserve to consider toning down its stimulus drive in coming months, but Asian shares were capped as investors adapted to the Fed's evolving plan.
MOSCOW, June 24- The new head of Russia's central bank has vowed to continue her predecessor's battle against inflation, resisting calls for radical monetary stimulus and a weaker rouble to revive the economy.