Contrarian's case: Why US could dip into recession Airlines scrap Israel flights over missile fear Apple post biggest earnings gain in nearly 2 years Microsoft CEO sees' bold' plan as 4 Q tops Street US stocks climb as earnings reports roll in Ackman goes after Herbalife's nutrition clubs Beretta: Gun law forcing move out of Maryland US home sales increase 2.6 percent in June Geopolitical tensions seen keeping oil prices high Chrysler recalls Jeep SUVs for ignition switches» Read More
TOKYO, March 26- In the first confirmation of a criminal investigation at Mt. Gox, the failed Tokyo- based bitcoin exchange said on Wednesday it was working with the police "with regard to the disappearance" of bitcoins worth some $490 million at current prices.
SINGAPORE, March 26- Brent crude futures rose above $107 per barrel on Wednesday amid a disruption in supply from Nigeria and Libya, while promising data from top consumer United States also supported prices. Brent crude for May delivery rose 21 cents to $107.20 by 0459 GMT, after closing up 18 cents in the previous session.
WELLINGTON, March 26- Fonterra, the world's largest dairy exporter, on Wednesday said a steep hit to its first-half earnings won't stop it from marketing more of its own-brand milk products in China and expand its food services business in the fast-growing market.
NEW YORK, March 26- Carlyle Group LP is considering buying a traditional money manager to broaden its own investment platform, as the private equity firm tries to attract more retail investors and achieve the higher stock market valuation commanded by such managers, according to sources familiar with the situation.
WASHINGTON, March 26- Lifting the 40- year ban on U.S. crude exports is the fastest way the American drilling boom could be used to bolster energy security in Europe and Ukraine in the face of Russian aggression, the CEO of the biggest operator in North Dakota's vast oil fields will tell lawmakers on Wednesday.
On Wednesday, some of Adelson's allies in Congress, including South Carolina Senator Lindsey Graham, plan to propose legislation that would do just that.
WASHINGTON, March 26- A majority of Americans are skeptical about the proposed merger of Comcast Corp and Time Warner Cable Inc, and they are not convinced the U.S. government is doing enough to prevent monopolies generally, according to a Reuters/ Ipsos online poll released on Wednesday.
Hong Kong financial stocks strong. HONG KONG/ SHANGHAI, March 26- Hong Kong shares rose early Wednesday, aided by gains on Wall Street and solid earnings reports from Agricultural Bank of China and dairy products giant China Mengniu. The China Enterprises Index of the top Chinese listings in Hong Kong rose 1.8 percent.
March 26- Trustmark National Bank and Green Bank N.A. have sued security firm Trustwave for damages suffered from the holiday season data breach at Target Corp, accusing the company of failing to identify security gaps, the American Banker reported.
HONG KONG, March 26- China's yuan fell back behind the Swiss franc to rank as the eighth most-used world payment currency in February, likely due to the seasonal effect of the Chinese New Year, global transaction service organisation SWIFT said on Wednesday.
SINGAPORE/ KUALA LUMPUR- Even before the loss of its Flight MH370, Malaysian Airline System was bleeding cash, prompting talk that it may need another financial rescue from state investor Khazanah Nasional Bhd, its majority shareholder.
TOKYO, March 26- Japanese government bond prices eased on Wednesday, weighed down by a bounce in Tokyo stocks and overnight weakening in U.S. A regular bond purchasing operation by the Bank of Japan, a part of the central bank's massive monetary easing, limited JGB losses. The benchmark 10- year cash yield rose 1.5 basis points to 0.620 percent.
Last June the SEC put forth a plan, mostly focusing on prime funds for institutional investors, which called for two alternative proposals that could be adopted alone or in combination.
TOKYO, March 26- Japan's government will bring forward public works spending this year to offset the impact of a sales tax hike next month and will set a target of spending at least 10 trillion yen by the end of September, a source told Reuters on Wednesday.
HONG KONG, March 26- Chinese pork producer W.H. Group, which last year acquired U.S-based Smithfield Foods, has hired 28 book runners for its planned $5- 6 billion Hong Kong listing, a record number for banks working on an Asian IPO, IFR reported on Wednesday.
*Gold firmer on bargain hunting. SINGAPORE, March 26- Gold bounced on Wednesday from its weakest level since mid-February but signs of a recovery in the U.S. economy and an absence of support from the physical sector could limit gains and keep prices in a tight range.
HONG KONG, March 26- China's yuan fell against the dollar on Wednesday, after the central bank set a weaker midpoint, with traders generally seeing bigger intraday fluctuations since the currency's daily trading band was doubled.
NEW YORK, March 26- Mergers and acquisitions activity among developed and emerging markets fell to a record low in 2013, dropping 17.3 percent versus the prior year due to still fragile economic growth and rising political unrest, a new survey showed on Tuesday.
NEW YORK, March 26- For decades, Trafigura's co-founder and Chief Executive Officer Claude Dauphin has been the epitome of the successful commodity trader, a demanding workaholic who traveled to harsh frontiers in search of raw materials to sell at a profit.
The level of media investing activity is forging the underpinnings of "game-changing" developments for the industry, according to the Pew Research Center's State of the News Media 2014 report, which cited funding from entrepreneurs like Amazon's Jeff Bezos and eBay founder Pierre Omidyar.