GO
Loading...

Ukraine

More

  • DIARY-Top Economic Events to March 18 Wednesday, 4 Mar 2015 | 7:01 PM ET

    TEXAS- Federal Reserve Bank of Dallas President Richard Fisher speaks on "Reflections on 10 Years at the Fed& Farewell, El Paso" before a community forum hosted by the Federal Reserve Bank of Dallas El Paso Branch- 0000 GMT. SYDNEY- Reserve Bank of Australia Deputy Governor Philip Lowe speaks at the Goldman Sachs 10th Annual Global Macroeconomics Conference- 0130...

  • NEW YORK— Upscale hotel chain Mandarin Oriental says it is investigating a potential credit card breach at its hotels. Mandarin Oriental said it is coordinating with credit card agencies and forensic specialists. Mandarin Oriental operates hotels across the world including Paris, Shanghai, Hong Kong, London, New York, Miami, San Francisco, Prague, Boston, Las...

  • Report: J&J close to deal to buy partner Pharmacyclics Wednesday, 4 Mar 2015 | 6:24 PM ET

    Health care giant Johnson& Johnson reportedly is close to buying biopharmaceutical company Pharmacyclics, its longtime partner in developing blood cancer treatment Imbruvica. London's Financial Times reports "people familiar with the matter" say Johnson& Johnson's anticipated offer would value Pharmacyclics of Sunnyvale, California, above its current...

  • UK fraud office probes central bank auctions Wednesday, 4 Mar 2015 | 4:46 PM ET

    LONDON— Britain's Serious Fraud Office says it is investigating Bank of England auctions in 2007 and 2008 that were designed to inject cash into the banking system during the financial crisis. The announcement late Wednesday came as Britain's central bank confirmed that it commissioned its own inquiry into the auctions last year. Britain's Financial Times...

  • *Europe equities rebound after falling on regional PMI data. NEW YORK, March 4- Stock prices around the world fell on Wednesday on profit-taking, while the euro dropped to an 11-1/ 2- year low ahead of a European Central Bank meeting where policymakers are expected to offer details on their bond-purchase stimulus plan. It held above $60 a barrel on Iran's...

  • *Iran reiterates opposition to nuclear deal with timelines. NEW YORK, March 4- U.S. oil futures rose on Wednesday and benchmark Brent pared losses as OPEC member Iran stressed that it opposed a timeline for a freeze on nuclear activities, news that helped crude rebound from an early slide tied to swelling U.S. stockpiles. U.S. crude settled up $1.01 at $51.53 a barrel,...

  • NEW YORK, March 4- The dollar climbed to a fresh 11-1/ 2- year high on Wednesday, boosted by strong U.S. private-sector jobs growth ahead of the launch of quantitative easing by the European Central Bank. The dollar hit its highest since September 2003 against a basket of currencies and was last up 0.6 percent at 95.958. Separately, the Institute for Supply...

  • NEW YORK, March 4- U.S. oil futures rebounded on Wednesday and benchmark Brent pared losses as OPEC member Iran reinforced its opposition to a nuclear deal with timelines, helping the market recover from an earlier price slide tied to big U.S. crude supplies. Brent was down 57 cents at $60.45 a barrel at 2:41 p.m. EST, off the day's low of $59.47.

  • LONDON, March 4- Britain on Wednesday told Russian oligarch Mikhail Fridman he had seven days to explain why he should be allowed to retain ownership of newly acquired oil and gas fields in the North Sea or face being forced to sell them. Upping the ante in a standoff that could deter other Russians from investing in Britain, Ed Davey, Britain's energy minister,...

  • Over the past week alone, both Barclays and Goldman Sachs revisited the aging story and both agree the 30- year expansion of workers in the peak savings years just before retirement was chiefly responsible for a glut of savings that has driven bond yields inexorably downwards since the late 1980 s. Morgan Stanley came to similar conclusion last October.

  • March 4- British online luxury fashion company Farfetch said it raised $86 million from investment firm DST Global and existing shareholders, valuing the company at $1 billion. London- based Farfetch's shareholders include media company Conde Nast International and private equity firm Vitruvian Partners. DST Global is run by Silicon Valley- based Russia-...

  • NEW YORK, March 4- A U.S. judge has dismissed antitrust litigation accusing a variety of Wall Street banks and commodity merchants of conspiring to drive up aluminum prices by reducing supply. District Judge Katherine Forrest in Manhattan rejected claims brought by aluminum purchasers against several defendants including Goldman Sachs Group Inc, JPMorgan...

  • NEW YORK, March 4- Oil prices fell on Wednesday after U.S. crude stock builds were more than twice levels forecast, although prices held off recent lows after Saudi Arabia's oil minister said he expected prices to recover soon from the selloff of recent months. "It's another bearish data point in an already bearish fundamental environment," said Dominick...

  • LONDON, March 4- Britain will not drop its opposition to Russian billionaire Mikhail Fridman's purchase of North Sea oil and gas fields after cementing its objections at a meeting chaired by Prime Minister David Cameron, a government source told Reuters. But the British government has said that it is concerned that production at the fields could be halted if...

  • LONDON, March 4- Mexico's government is pressing on with efforts to overhaul the economy, boost transparency and strengthen political accountability, its president said in a speech to investors in London on Wednesday. Enrique Pena Nieto was in London on a state visit as a dispute brews at home over a conflict of interest scandal, while the disappearance of 43...

  • *Higher fund flows coming from eastern Europe to Dubai. Swiss-based but Abu Dhabi- owned Falcon would be open to deals covering its core target markets of the Gulf, Eastern Europe, Africa and South East Asia, according to Erich Pfister, who took up the role in January. The last major acquisition by Falcon, which manages around 16 billion francs of assets, was the...

  • *Europe equities fall after regional PMI data. NEW YORK, March 4- Stock prices around the world fell on Wednesday on profit-taking, while the euro dropped to an 11-1/ 2 year low ahead of a European Central Bank meeting where policymakers are expected to offer details on their bond purchase stimulus plan. Brent crude was just below $60 a barrel after Saudi Arabia's...

  • LONDON, March 4- The softly-spoken head of the Risk division at Reed Elsevier does not wish to thank the U.S. online fraudsters who have helped drive his unit's growth, but his investors may not be so bashful. Mark Kelsey's Risk and Business Information division has been one of the stand out performers for Europe's largest media company in recent years, with its...

  • Federal Reserve took a swipe on Tuesday at unlawful and unethical behavior at banks, saying it raises questions over whether the values embedded on Wall Street have improved enough in recent years. While other Fed officials and bank regulators have complained about the ethics and culture on Wall Street, the stern comments from the country's top financial...

  • LONDON, March 4- Brent crude oil slipped towards $60 a barrel on Wednesday as a stronger dollar pressured commodity prices, while Saudi Arabia's oil minister said he expected the market to balance itself and for prices to recover. Oil Minister Ali al-Naimi said he expected supply and demand would soon match and oil prices, which hit a near six-year low of $45 in...