Government Agencies
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*Tight supplies support corn ahead of USDA report on Friday. The USDA will issue a slew of data on global supply and demand, U.S. corn and soy production, quarterly U.S. grain inventories, and U.S. winter wheat plantings at 11 a.m. Central on Fri day. " Chicago Board of Trade corn for March delivery rose 3-1/ 2 cents, or 0.5 percent, to $6.97- 3/ 4 a bushel at 10 a.m. Central.
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WASHINGTON, Jan 10- The Federal Reserve pumped a record $88.9 billion into the U.S. The 2012 figure eclipsed the prior record of $79.3 billion deposited into government coffers in 2010.. The Fed estimated its net income for last year at $91 billion.
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*Market eyes Egypt wheat tender, export data, USDA report. PARIS/ SINGAPORE, Jan 10- Chicago corn futures extended gains on Thursday to reach a new one-week high on the eve of closely watched U.S. government data that are expected to show a drop in U.S. production and tightening global supply.
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In 2011, Congress and President Obama went to the brink of government default when congressional Republicans balked at raising the nation's debt ceiling. The spring of 2013 appears to have another debt ceiling fight in store. Here are the top four things that have changed. The CSM reports.
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NEW YORK, Jan 9- Oil prices slipped on Wednesday after a worrying rise in U.S. fuel inventories while gold edged lower on lingering speculation the Federal Reserve might curtail its highly stimulative monetary policy. Natural gas was the largest loser on the CRB, falling 3.3 percent on fairly mild near-term weather forecasts in the United States.
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WASHINGTON, Jan 9- An outspoken Senate critic of the Federal Reserve said on Wednesday that he would reintroduce legislation to ban bankers from the boardroom of the 12 regional Fed branches, citing potential conflicts of interest.
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In its first disaster declaration of the new year, the Agriculture Department made growers in large portions of four major wheat-growing states- Kansas, Colorado, Oklahoma and Texas- eligible for low-interest emergency loans. Kansas was the No. 1 state at 382 million bushels. In all, USDA listed 597 counties in 14 states as natural disaster areas.
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WASHINGTON, Jan 8- Companies that own a key patent, such as those that ensure mobile and other electronic devices work together, should be allowed to win sales bans as a punishment for infringement only in rare, very specific cases, the Justice Department and U.S.
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WASHINGTON, Jan 8- U.S. consumer credit rose in November for the fourth straight month, beating expectations and giving a hopeful sign for the strength of the economy. The Federal Reserve said on Tuesday consumer credit increased by $16.05 billion in November after rising by a slightly revised $14.08 billion in October.
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A key conservative in the Senate told CNBC on Tuesday that spending cuts would have to be part of any discussion to raise the nation's borrowing limit.
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WASHINGTON, Jan 8- Priceline.com Inc has won U.S. antitrust approval to buy Kayak Software Corp, the Federal Trade Commission said on Tuesday. It operates like a search engine, letting consumers compare pricing along with other websites such as Priceline.com rivals Expedia Inc and Orbitz Worldwide Inc..
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Jan 8- The Federal Reserve has granted MetLife Inc a third extension to submit its capital plan as the insurer moves closer to completing the sale of its deposit-taking business to a unit of General Electric Co's GE Capital. MetLife has a bank holding charter because of its online banking business and is therefore overseen by the Fed.
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TOKYO, Jan 8- Key Japanese policymakers played down the prospect of making the Bank of Japan responsible for stable employment like the U.S.
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BOSTON, Jan 8- The person hired to run the bankrupt pharmacy linked to a deadly U.S. meningitis outbreak is "hopelessly conflicted" and should be removed from the job, a U.S. Justice Department official said on Tuesday.
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LONDON, Jan 7- Copper eased on Monday as the dollar rose, and investors remained concerned the U.S. Federal Reserve might halt asset purchases, but losses were limited by an improved growth outlook in the United States and China, and less gloom in Europe.
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*Spot gold may fall to $1,625.79- technicals. SINGAPORE, Jan 7- Gold inched up on Monday as lacklustre U.S. jobs data supported expectations for continued monetary easing from the Federal Reserve, a session after concerns about the withdrawal of such a policy drove bullion to its lowest in over four months.
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NEW YORK, Jan 6- While the focus of last week's agreement between the Federal Trade Commission and Google Inc was search, the deal's restrictions on how Google uses its patents could have a broader impact on the technology industry.
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SAN DIEGO, Jan 5- Economists have got a problem. "The standard models we teach... simply have no room in them for what most of the world's central banks have done in response to the crisis," Harvard professor Benjamin Friedman confessed before a packed room of his peers.
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WASHINGTON, Jan 5- A U.S. congressional oversight panel asked regulators to delay a multibillion dollar mortgage settlement with 14 large banks so that the lawmakers could review the deal, according to a letter made available on Saturday.
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SAN DIEGO, Jan 4- The Federal Reserve could halt its asset purchases this year, two top Fed officials suggested on Friday, a view also gaining traction among economists at Wall Street's top financial institutions.