Ukraine
featured
Group of Seven nations finance ministers agreed to tackle the issue of how to deal with failing banks and gave gave a green light to Japan's efforts to galvanize its economy.
» Read More
More
-
LONDON, May 17- The coveted investment grade rating has arrived in Turkey and foreign capital may follow- possibly a lot of it. An investment grade rating, which Moody's gave Turkey on Thursday, potentially opens Turkey to more conservative funds. "This could bring a whole new investor base to Turkey," says Tim Ash, head of emerging markets research at Standard Bank.
-
NEW YORK, May 17- Oil climbed for a third straight session on Friday, supported by a raft of strong economic data from top oil consumer the United States that boosted U.S. equities, although a strong dollar limited gains in oil prices.
-
LONDON, May 17- A rally in auto stocks and strong U.S. data helped European shares set a new 5- year high on Friday and record their fourth consecutive weekly gain.
-
LONDON, May 17- European Union officials will next week propose capping financial sector pay above 500,000 euros, accountancy firm PwC said on Friday, suggesting the world's most stringent curbs for the industry will affect far more bankers than previous rules.
-
The volume of takeovers worldwide has dropped 7 percent year to date to $750 billion, with the week to Thursday marking the slowest week for acquisitions this year, Thomson Reuters data showed on Friday.
-
LONDON, May 17- European policymakers face a difficult decision on building carbon capture and storage- saving money in the long run requires spending more upfront. CCS captures carbon dioxide emissions from a fossil fuel power plant and then pipes it to an underground storage site such as a depleted gas or oil reservoir.
-
*European Commission has raided pricing agency Platts. The mid-sized trading company, which deals in physical oil products and owns storage facilities, was visited by inspectors from the European Commission on Tuesday.
-
*Coffee downside limited during Brazil frost season. LONDON, May 17- ICE raw sugar edged higher on Friday with the market finally finding support after losing ground for five consecutive sessions although the rapid pace of the cane harvest in top exporter Brazil kept the market on the defensive.
-
LONDON, May 17- The world's major central banks may be shifting their tone subtly from "whatever it takes" to "we can only do so much". Financial markets supercharged this year by the extraordinary monetary stimuli of the top four central banks are once again asking how long this can last.
-
*Gold prices set to end the week down 5 pct. LONDON, May 17- Gold fell for a seventh straight session on Friday, its longest losing streak in four years, as speculation that the Federal Reserve may soon rein in monetary easing lifted the dollar.
-
LONDON, May 17- Budgets are made to be broken- especially when they are written by politicians. The shares of petroleum and mining companies listed on New York, London and other stock exchanges value them as if all these resources will be extracted and burned.
-
*Iraq- Turkey oil pipeline stops again- source. LONDON, May 17- Oil climbed towards $105 a barrel on Friday, rebounding from an earlier decline and heading for a small weekly gain, although concern about the strength of demand growth limited the rise.
-
LONDON, May 17- UK pension funds are dipping a toe into the specialist market for high yielding but risky bank loans in an effort to offset poor returns in their traditional investment portfolios.
-
BIRMINGHAM, England May 17- The Bank of England may have more scope to boost the economy after Mark Carney starts as governor because of tentative signs of lower inflation ahead, a member of its policymaking body said on Friday.
-
*Spain, Italian yields extend fall after supply this week. *Spain to auction more bonds next week. LONDON, May 17- German Bunds hit one-week highs on Friday, with traders citing talk the European Central Bank was checking with some banks whether they were ready for a potential cut in its deposit rate to below zero.
-
NEW YORK, May 17- In the financial world, arbitrage is a trading strategy that earns profit by exploiting price differences between markets. "That's the way we look at it," says Prescher, who lives with his wife, Suzan Haskins, in an apartment with a view of Mount Imbabura. "
-
*Copper up for 2nd day after China data. LONDON, May 17- European shares lifted off lows on Friday while the dollar held near a 10- month high against a basket of currencies as investors considered the prospect the Federal Reserve might begin easing off on asset buying.
-
*Coffee downside limited during Brazil frost season. LONDON, May 17- ICE raw sugar rose on Friday with the market finally finding support after losing ground for five consecutive sessions although the rapid pace of the cane harvest in top exporter Brazil kept the market on the defensive.
-
LONDON, May 17- The dollar rose against a basket of currencies on Friday, trading near a 10- month high as debate over whether the Federal Reserve would wind down its asset buying programme later this year gathered pace.
-
*Iraq- Turkey oil pipeline stops again- source. LONDON, May 17- Oil edged above $104 a barrel on Friday, rebounding from an earlier decline and heading for a small weekly gain, although concern about the strength of demand growth limited the rebound.