The euro turned higher in choppy trading Wednesday as traders reacted to headlines that the ECB is unlikely to take new action early next week.» Read More
An economic contraction in Japan, a shock fall in Chinese loans, a surprisingly dovish turn by the Bank of England and a sluggish reading on U.S. retail sales all combined to make any tightening in policy seem a very distant prospect. Yields on Germany's two-year debt actually went negative, meaning investors were paying for the privilege of lending Berlin money.
Japan's core machinery orders rose 8.8 percent on month in June government data showed on Thursday.
Some investors are wondering whether it's time to invest in financial stocks. The answer depends on who you ask.
MEXICO CITY, Aug 13- Mexico's central bank trimmed its 2014 growth forecast on Wednesday, blaming a sluggish economy that bodes for steady borrowing costs well into next year. Mexico's economy is on track to post weaker than expected growth for the second year in a row.
BEIJING, Aug 13- Tencent Holdings Ltd, China's biggest listed tech firm, posted its second quarter of year-on-year profit gain of more than 50 percent as smartphone gaming revenue continued to grow at a breakneck pace. Net income rose 59 percent to 5.84 billion yuan in the three months to end-June compared with a year earlier, Tencent said on Wednesday.
The British pound also falls on inflation, wages data, and the yen is subdued after Japan's Q2 GDP contraction.
NEW YORK, Aug 13- Marc Seidner, who left Pimco earlier this year just as the fixed income powerhouse was about to be roiled by internal strife, is beating his old boss Bill Gross at a game Gross used to dominate: calling the bond market.
HONG KONG, Aug 13- China and Hong Kong shares reversed gains and slipped into the red on Wednesday, after central bank data showed Chinese banks lent far less money than expected in July while money supply growth eased.
Aug 12- FleetCor Technologies Inc said it would buy payments processing company Comdata Inc from Ceridian LLC for $3.45 billion in its biggest deal as it looks to expand into the virtual payments market. FleetCor said it would finance the Comdata deal with about $2.4 billion of new debt and the issuance of about 7.3 million common shares to Ceridian.
Singapore's economy expanded 0.1 percent on a quarter-on-quarter annualized basis in the second quarter, above expectations.
Aug 10- Top U.S. pipeline company Kinder Morgan Inc said on Sunday it will put all its publicly traded units under one roof in a $70 billion deal that responds to investor concerns about its growth prospects and complicated financial structure. The affected units include Kinder Morgan Energy Partners LP, Kinder Morgan Management, and El Paso Pipeline Partners.
LONDON, Aug 7- Russian bond yields surged to multi-year highs on Thursday as food import restrictions fanned inflation fears, while the rouble hit new 4-1/ 2 month lows, leading a swathe of emerging currencies slipping against the dollar.
*Worries grow over economic cost of Ukraine crisis in Europe. TOKYO, Aug 7- Asian shares retreated while investors flocked to safe haven assets such as bonds and gold on Thursday, spooked by a Russian troop build-up on the border with Ukraine and tit-for-tat economic sanctions between the West and Moscow.
Aug 6- Kellogg Co has hired an adviser to evaluate a bid for cookies and snacks maker United Biscuits Ltd, a source familiar with the matter said. Sky News reported earlier on Wednesday that Kellogg was working with investment bankers from Barclays on a possible 2 billion pound bid for United Biscuits.
Aug 6- The owners of UK- based United Biscuits Ltd are not in sale talks with Kellogg Co, a source familiar with the matter said, responding to a report that the cereal company was considering making an offer for the maker of McVitie's biscuits.
Aug 6- Kellogg Co is considering a 2 billion pound offer for United Biscuits, the UK- based maker of McVitie's, Sky News reported. Sky News said Kellogg was working with investment bank Barclays on a possible deal.
The dollar held near an 11-month high, supported by upbeat U.S. data, while the New Zealand dollar took a hit from a fall in dairy prices.
Aug 6- U.S. refiner HollyFrontier Corp reported a better-than-expected profit for the third quarter in a row and said it expects higher margins from turning crude oil into other fuels and asphalt in the current quarter. The operator of refineries in Kansas, Oklahoma, New Mexico, Wyoming and Utah has typically benefited from easy access to cheap U.S. shale crude.
DETROIT, Aug 6- Amid concerns that Fiat shareholders will prevent a merger of the Italian automaker with Chrysler Group, the American automaker reported that second-quarter profit was up 22 percent to $619 million.
LONDON, Aug 6- Standard Chartered Plc has warned it faces another fine from New York's financial regulator for problems related to detecting transactions vulnerable to money laundering, piling more pressure on the Asia- focused bank and its bosses.