BlackRock has bought private-equity real estate fund MGPA in a deal that boosts its presence in Asia and continental Europe.» Read More
*Euro zone business downturn eases in May. LONDON, May 23- The downturn across euro zone businesses eased slightly this month, although a dearth of new orders means the bloc's economy is likely to contract again in the second quarter, business surveys showed on Thursday.
LONDON, May 22- Concerns over the future of the U.S. The shift from riskier assets to safer markets was triggered when Fed Chairman Ben Bernanke told a congressional committee on Wednesday the central bank could scale back the pace of bond purchases at one of its next few policy meetings.
LONDON, May 23- European equities went into a tailspin early on Thursday, spooked by concerns the U.S.
Federal Reserve Chairman Ben Bernanke and weakness in China's factory activity rattled Asian markets on Thursday, sending stock prices down, the U.S. dollar to three-year highs, and Japanese government bond yields to their highest in a year.
TOKYO, May 23- Nissan Motor Co Ltd will recall about 841,000 vehicles worldwide including the Micra compact car, also known as the March, as a result of a steering wheel glitch, Japan's No.2 automaker said on Thursday.
The world's biggest investors are seeking more stable cash income at home, as aging societies and tighter regulation dull risk appetite.
SINGAPORE, May 23- London copper fell more than 2 percent on Thursday after a preliminary survey showed China's factory sector contracted in May, hitting sentiment already soured by concerns the United States may pull back on its bond-buying program.
*Copper rallied to $7,533.75 a tonne in the previous session, its highest since April 12, but remains mired in losses of 7 percent for the year. *The most-traded September copper contract on the Shanghai Futures Exchange lost 0.75 percent to 53,080 yuan a tonne.
LONDON, May 23- Nearly half of the money that multinationals and wealthy investors poured into emerging markets in 2011 came via tax havens, resulting in revenue losses for poor countries, anti-poverty campaigners ActionAid said in a report.
GENEVA/ LONDON, May 22- The UK and French governments will join a global initiative that will require oil and mining firms to comply with new disclosure measures aimed at tackling corruption, British Prime Minister David Cameron said on Wednesday.
LOS ANGELES, May 22- Caesars Entertainment Group said it plans to go live this summer with an online poker site in Nevada, the only U.S. state so far to offer legal Internet gambling, and will promote the nascent service to thousands of poker players at its World Series of Poker tournament in Las Vegas starting May 29.
*Spot gold slides after brief break over $1,400/ oz. (Rewrites throughout, updates prices, changes byline, dateline NEW YORK, May 22- Gold turned sharply lower on Wednesday, as investors weighed U.S. , "said Michael Cuggino and president and portfolio manager at Permanent Portfolio Funds in San Francisco."
LONDON, May 22- London mayor Boris Johnson said on Wednesday it was "overwhelmingly likely" an attack in south London in which a man was hacked to death was an act of terror. "Obviously it's early to have all the facts... I am afraid it is overwhelmingly likely now to be a terrorist attack, the kind the city has seen before, "he said in televised remarks.
NEW YORK/ LONDON, May 22- ICE arabica coffee futures tumbled to the lowest level in more than three years on Wednesday, as a speculator selloff extended recent losses seen on ample supplies and a favorable crop outlook in top producer Brazil, dealers said.
GENEVA/ LONDON, May 22- The UK and French governments are set to join a global initiative that will require oil and mining firms to comply with new disclosure measures aimed at reducing corruption, sources involved in the process said on Wednesday.
*Ireland takes rare aim at multinationals' tax rates. Bruton's call for an international clampdown on aggressive tax planning by large corporates is a rare negative shot at a sector that Ireland has courted for decades and underscores the high stakes for Dublin, which faces pressure to act alone.
*FTSEurofirst 300 index closes 0.2 pct higher. LONDON, May 22- European shares hit a new five-year high on Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank would retain its stimulus measures until the economy improved.
NEW YORK/ LONDON, May 22- ICE arabica coffee futures tumbled to the lowest level in three years on Wednesday, as speculator selling extended recent losses seen on ample supplies and a favorable crop outlook in top producer Brazil, dealers said.
NEW YORK, May 22- Brent crude oil dropped to $103 per barrel on Wednesday after data showing an unexpected jump in U.S. gasoline stockpiles sparked worries that summer demand in the world's top oil consumer might be weaker than expected.
*Apple, Amazon, Google among corporations in the spotlight. BRUSSELS, May 22- Britain, France and Germany called for stricter rules to stop companies such as Google, Apple and Amazon aggressively avoiding taxes in austerity bitten Europe, while acknowledging they had done nothing unlawful.