Oil fell below $64 a barrel, pressured by the possibility U.S. shale oil producers could increase drilling and by a stronger dollar.» Read More
*Iron ore seen at average $56/ T in 2015, $58 in 2016. Prices for the steel-making ingredient have rebounded more than a third since touching a decade-low of $46.70 a tonne in April, a sharp rally that could be curbed as top Australian and Brazilian miners stick to plans to boost output even as China's demand-growth slows. Benchmark 62- percent grade iron ore will...
*OPEC raises 2015 oil demand f'cast; US cuts production outlook. *Coming up: China industrial output for April by 0530 GMT. June Brent crude rose 32 cents to $67.18 a barrel by 0209 GMT.
Brazil is hardly a consensus target for international cash, but some are willing to be brave in spite of recent problems.
U.S. stocks closed mildly lower, recovering from sharp morning losses as investors found some relief from a slight recovery in the bond market.
Total U.S. government debt holdings by the 18 largest banks in the country declined by $2.6 billion in the first quarter.
U.S. stock index futures pointed to a sharply lower Wall Street open on Tuesday, as global stocks declined on the back of a sharp fall in bond prices.
Some of the names on the move ahead of the open.
Castleton Commodities will buy Morgan Stanley's physical oil business, vaulting the merchant into the big leagues of global crude and fuel traders.
May 11- Castleton Commodities International will buy Morgan Stanley's physical oil business, vaulting the Connecticut- based merchant into the big leagues of global crude and fuel traders. Neither Morgan Stanley nor Castleton released terms of the deal, but analysts estimated the deal to be valued at slightly more than $1 billion. The deal will not be material...
May 11- Mindbody Inc, a maker of software to help run fitness and yoga studios, filed with U.S. regulators on Monday for an initial public offering of common stock. Morgan Stanley, Credit Suisse and UBS Investment Bank are among the underwriters to IPO, Mindbody said. The company has raised more than $100 million in funding, with backers such as W Capital Partners,...
Morgan Stanley, Credit Suisse and UBS Investment Bank are among the underwriters to IPO, Mindbody said.
May 11- Morgan Stanley said it would sell its Global Oil Merchanting business to Castleton Commodities International LLC, a privately held U.S. energy merchant, for an undisclosed sum. The sale includes a network of oil terminal storage agreements, inventory, physical oil purchase, sale and supply agreements and freight shipping contracts, Morgan Stanley said.
NEW YORK, May 11- Oil edged lower on Monday on signs that a multi-week rally was encouraging a rejuvenation in already bloated U.S. shale supplies, even as the government expected less output in June from the fastest-growing fields. Still, the U.S. Energy Information Administration expects output from the fastest-growing U.S. shale plays to drop 71,000 barrels...
May 11- Apollo Global Management Llc is in talks to buy ASG Security and combine it with another home security company it is acquiring, Protection 1, valuing them collectively at about $2 billion, people familiar with the matter said on Monday. Beltsville, Maryland- based ASG was acquired by Parthenon Capital in 2007. At the time it was the 11th largest security...
Oil slipped on Monday as signs U.S. shale oil production was recovering after a recent price rally renewed concerns of a growing global supply glut.
Big financials have been perking up lately and may be ready for an even greater run higher.
*Permian Basin rig count up for first time in 2015- Baker Hughes. NEW YORK, May 11- Oil came under pressure on Monday on signs a multi-week rally was encouraging a rejuvenation in already bloated U.S. shale supplies. U.S. crude futures were down 49 cents at $58.90 a barrel by 11:48 a.m. EDT.
*China cuts interest rates for third time in 6 months. *Permian Basin rig count up for first time in 2015- Baker Hughes. LONDON, May 11- Oil slipped towards $65 a barrel on Monday as signs that U.S. shale oil production was recovering after a recent price rally renewed concerns of a growing global supply glut.
Goldman Sachs is expected to pay $129.5 million to settle its portion of a lawsuit that accuses banks of rigging prices in the forex market.
*SPDR Gold Trust holdings see sharpest decline this year. LONDON, May 11- Gold was little changed on Monday, as the impact of a rebounding dollar ahead of talks between Greece and euro zone finance ministers was offset by Friday's mixed U.S. data supporting bets the Federal Reserve will not raise rates until late 2015.. The dollar rebounded 0.3 percent versus a...