Stocks returned to record territory on Monday as the market delivered its fourth gain in as many trading days. The Dow Jones industrial average and Standard& Poor's 500 index each notched record highs. The market was building on a big gain last week.» Read More
Sept 10- Auto parts maker TRW Automotive Holdings Corp, which is being pursued by Germany's ZF Friedrichshafen AG, said it would sell its engine valve business to Federal-Mogul Holdings Corp for $385 million. The sale of TRW's business to Federal-Mogul's powertrain division is expected to close in the first quarter of 2015, the companies said on Wednesday.
*Chefs in Moscow get creative to deal with food ban. MOSCOW, Sept 10- Facing a ban on Italian parmesan cheese, chefs in Moscow have discovered a new source for fine Parmigiano-Reggiano: Belarus.
NEW YORK, Sept 10- U.S. health insurance premiums are going up only 3 percent this year, to an average of $16,834 for a family. The Kaiser Family Foundation's 2014 Employer Health Benefits report says that rate increases are slowing from recession highs that ran far above inflation rates.
WASHINGTON, Sept 10- U.S. wholesale inventories barely rose in July, suggesting a slower pace of stock accumulation at the start of the third quarter that could prompt economists to trim their growth estimates.
The lengthy legal battle between Argentina and the investment funds that snapped up its bonds on the cheap after its record 2002 default and are suing for 100 cents on the dollar led to the Buenos Aires government defaulting again in July. Prompted by Argentina and its ally Bolivia, the U.N. General Assembly voted overwhelmingly in favor of such a convention.
MOSCOW, Sept 10- Russian gas producer Gazprom said on Wednesday Poland was receiving the same amount of gas that it had received in recent days in response to charges from Warsaw that deliveries so far this week were down 20 percent.
WARSAW, Sept 10- Poland is looking for partners in the United States and Canada from whom it could import liquefied natural gas for its terminal due to be launched next year, Polish Deputy Economy Minister Ilona Antoniszyn-Klik said.
LONDON, Sept 10- News that the Philippines was preparing to follow Indonesia in banning exports of unprocessed minerals caused panic in the London nickel market last week. The Philippines has emerged as the main supplier of nickel ore to China's massive nickel pig iron sector after the cessation of exports from Indonesia.
CARACAS, Sept 10- President Nicolas Maduro is mulling a politically risky move to raise highly subsidized gasoline prices in Venezuela for the first time in 17 years, but may be put off for now by fears of a social backlash. With 95 octane gas on sale for less than two U.S. cents a liter most motorists can fill up for under $1- less than a small bottle of drinking water.
NEW YORK, Sept 10- U.S. stocks opened little changed on Monday, with investors finding few incentives to jump back into the market even after a recent string of declines that included its worst drop since Aug. 5 in the previous session.
GAZPROM SAYS GAS IS BEING DELIVERED ACCORDING TO AVAILABLE RESOURCES FOR EXPORTS AND FOR GAS STORAGE FACILITIES IN RUSSIA.
Vestager will have to take on powerful companies such as U.S. internet giant Google, Russia's Gazprom and a clutch of banks suspected of rigging the foreign exchange markets.
RUSSIA'S GAZPROM SAYS POLAND IS RECEIVING SAME AMOUNT OF GAS AS IN PREVIOUS DAYS AT A RATE OF 23 MLN CUBIC METERS A DAY.
The groups, led by the Sierra Club, AFL-CIO, the Communications Workers of America, the Citizens Trade Campaign, and Public Citizen, said TPA should be replaced with a new system that gives both Congress and the public a louder voice in trade negotiations.
MOSCOW, Sept 10- Russia has started limiting gas supplies to Poland, disrupting reverse flows to Ukraine, Russia's RIA news agency quoted the head of Ukraine's gas transport monopoly Ukrtransgaz as saying on Wednesday. Today Russia started limiting gas supplies to Poland in order to disrupt the reverse from Poland that we receive.
NEW YORK, Sept 10- U.S. stocks were poised to open slightly lower on Wednesday, with investors finding few incentives to jump back into the market even after a recent string of weakness. The S&P 500 fell sharply on Tuesday, its biggest one-day decline since Aug. 5, which took it below its 14- day moving average for the first time on a closing basis since Aug. 12.
*Deepwater rates $375,000- $500,000 vs $650,000 last year. OSLO, Sept 10- A sluggish offshore drilling market could deteriorate further next year due to weak demand and a flood of new vessels, even though a few places such as Mexico and Brazil remain promising for exploration, industry executives said on Wednesday.
DETROIT, Sept 10- U.S. safety regulators are investigating about 160,000 Dodge Caravan minivans following reports of engine stalling.
GAZA/ JERUSALEM, Sept 10- Tensions between Fatah and Hamas, the two main Palestinian parties, are close to breaking point over the non-payment of salaries to Gaza's public sector workers, raising the risk of a return to conflict in the territory, officials say.
NEW YORK, Sept 10- The dollar rose to a six-year high against the yen on Wednesday as U.S. "There are so many factors that are supporting the dollar at the moment, mainly its better performance in the U.S., which will likely bring a more hawkish tone from the Fed," said Sireen Harajli, a foreign exchange strategist at Mizuho Corporate Bank in New York.