Adam Hewison, President & Chief Strategist at INO.com, says ongoing instability in Ukraine is far more serious than imagine, with Russian president Vladimir Putin seemingly determined to bring Ukraine back under Russia.» Read More
*White House says search area may expand based on new information. KUALA LUMPUR/ WASHINGTON, March 14- A new search area for Malaysia Airlines Flight 370 may be opened in the Indian Ocean, the White House said, significantly broadening the potential location of the plane, which disappeared nearly a week ago with 239 people on board.
ATLANTA, March 13- Budget air carrier Norwegian Air hopes to soon get U.S. government approval to operate more lower-cost flights to Europe despite opposition from U.S. and European unions, its chief executive said on Thursday. The carrier is looking to increase flights between the United States and Europe with a new unit based in Ireland.
STANFORD, United States- Federal Reserve vice-chair nominee Stanley Fischer speaks before a dinner at the Stanford Institute for Economic Policy Research Economic Summit 2014- 0145 GMT. STOCKHOLM- Sweden's central bank governor Stefan Ingves to give a speech on "Have we learned the lessons of earlier financial crises?"
Discussing how to trade geopolitical concerns, with Jack Bouroudjian, Index Financial Partners, and Kenneth Heebner, Capital Growth Management. Bouroudjian calls today selloff a large global margin call.
Tensions around Ukraine will dominate markets Friday as diplomatic efforts are expected to generate buzz ahead of Sunday's referendum in Crimea.
Weakness in German stocks on Thursday was a wake-up call for U.S. investors, who were 'disillusioned' about China's slowdown and the Ukraine-Russia standoff, resulting in a plunge on Wall Street, says Peter Boockvar, Chief Market Analyst at The Lindsey Group.
As we countdown to the contentious Crimea referendum set for Sunday 16 March, events continue to move apace. CNBC's Steve Sedgwick reports from Kiev with the latest.
March 13- Barclays is reviewing the size and shape of its investment bank, in a review that is expected to result in it shrinking and focusing on its most profitable areas, two people familiar with the matter said on Thursday. A spokesman for Barclays said there were no plans for any change in leadership in the investment bank.
KUALA LUMPUR/ WASHINGTON, March 14- Satellites picked up faint electronic pulses from Malaysia Airlines Flight 370 after it went missing on Saturday, but the signals gave no information about where the stray jet was heading and little else about its fate, two sources close to the investigation said on Thursday.
*Tensions over Ukraine, China slowdown fears lend support. NEW YORK/ LONDON, March 13- Gold rose to a six-month high on Thursday as fears of economic slowdown in China and lingering worries about Russia's standoff with Ukraine over Crimea dampened demand for riskier assets and boosted bullion's appeal.
*Arabica crawls toward 2- yr high on Brazil weather worries. NEW YORK/ LONDON, March 13- ICE arabica coffee futures rose and traded near a two-year high on weather-related crop concerns in top grower Brazil, while cocoa rallied the most since January and recovered the previous day's sharp losses on bargain-hunting.
On a tough day for stocks, Art Cashin of UBS explains what will make the market vulnerable to further selling.
LONDON, March 13- Britain's Wm Morrison Supermarkets sparked fears of an industry price war on Thursday after it posted its lowest profit for five years and said it would invest 1 billion pounds in price cuts over three years to win back customers.
LONDON, March 13- Irish government bond yields hit record lows on Thursday as Dublin's first regular debt auction since its 2010 international bailout drew substantial demand, cementing a return to full access to borrowing markets.
*Russia restarts military exercise near Ukraine border. NEW YORK, March 13- Brent crude futures fell on Thursday as weaker-than-expected Chinese economic data offset worries about supply disruptions prompted by the stand-off between Russia and Western powers over Ukraine.
Billions of Western dollars in aid to Ukraine will likely end up in the coffers of the Russian government thanks to a bond clause.
The possibility that Crimea will join Russia has sparked such fear among customers, banks have had to impose withdrawal limits.
Austria has arrested Dmitry Firtash at the request of the U.S. - a move seen in Kiev as Washington putting pressure on Putin over Moscow's intervention in Crimea.
*Iran wants economic sanctions lifted. LONDON/ ANKARA, March xx- Despite a diplomatic thaw, Western banks are steering clear of attempts by Iran to get them involved in financing humanitarian transactions, fearing they could be penalised under U.S. sanctions, bankers and government officials told Reuters.
*Ukraine, China slowdown and copper rout sap risk appetite. NEW YORK, March 13- World stock indexes edged lower on Thursday on lingering concerns over China's economy and tensions in Ukraine, while the euro hit a new 2-1/ 2- year high against the dollar.