It is perfectly normal for top buyers Japan, South Korea, China, India and Taiwan to try and secure the best possible deals for LNG, but this desire quickly runs headlong into some uncomfortable realities.» Read More
OTTAWA, July 31- The Canadian economy grew by 0.2 percent in May from April, according to Statistics Canada data on Wednesday, below forecasts and somewhat dampening expectations for the second quarter.
NEW YORK, July 31- U.S. stock index futures held at flat levels on Wednesday after a read on second-quarter economic growth came in stronger than expected. S&P 500 futures fell 1.4 point but were above fair value, a formula that evaluates pricing by taking into account interest rates, dividends and time to expiration on the contract.
WASHINGTON, July 31- U.S. economic growth unexpectedly accelerated in the second quarter, laying a firmer foundation for the rest of the year that could bring the Federal Reserve a step closer to cutting back its monetary stimulus.
WASHINGTON, July 31- The U.S. However, the Treasury said it will keep the auction size the same next week, planning to borrow $72 billion in securities, according to its quarterly refunding announcement.
WASHINGTON, July 31- U.S. labor costs rose in the second quarter and were higher in the prior period than previously estimated, a sign of inflationary pressure that could be a relief to policymakers worried about unusually low inflation.
*2nd- quarter EPS $6.96/ shr vs est $6.30. July 31- MasterCard Inc reported a better-than-expected 21 percent rise in quarterly profit as more people used cards to make payments, sending its shares up 3 percent before the bell.
*India imports all its potash, China around half. MUMBAI/ BEIJING, July 31- Agiculture in China and Indian will be the biggest winner after Russia's Uralkali walked away from one of the world's two big potash cartels, paving the way for consumers to demand hefty price cuts.
WINNIPEG, Manitoba, July 31- Canadian food processor Maple Leaf Foods reported a quarterly loss on Wednesday as sales fell in its meat products and protein units, the company said. Net earnings for the second quarter fell to nil, or a loss of 2 Canadian cents a share, from a profit of C $26 million, or 17 Canadian cents, a year before.
NEW YORK, July 31- U.S. stock index futures continued little changed on Wednesday after the ADP national employment report showed more private-sectors jobs were added in July than economists had been expected.
JOHANNESBURG/ HONG KONG, July 31- South Africa's Standard Bank is in talks to sell its markets business in London to its biggest shareholder Industrial and Commercial Bank of China for more than $500 million, two people familiar with the matter said on Wednesday.
July 31- Jones Group Inc, the fashion and footwear company behind such brands as Nine West, Stuart Weitzman, and Jones New York, reported an unexpected operating profit on Wednesday, helped by a surge in sales of its jeans to U.S. department stores last quarter.
NEW YORK, July 31- U.S. private employers added 200,000 jobs in July, topping economists' expectations in an encouraging sign for the labor market recovery, a report by a payrolls processor showed on Wednesday. Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 180,000 jobs.
MUMBAI/ NEW DELHI, July 31- India stepped up its defence of the ailing rupee on Wednesday, proposing to relax overseas borrowing rules and curb some imports in order to ease a huge current account gap, while the central bank re-emphasised its commitment to stabilising the currency as it neared a record low.
July 31- MasterCard Inc reported a higher-than-expected 21 percent rise in quarterly profit as more people used cards to make payments. The world's second-largest payment network's net income rose to $848 million, or $6.96 per share, in the second quarter, from $700 million, or $5.55 per share, a year earlier.
*Agency DBRS has negative outlook for Spain, Italy, Ireland. FRANKFURT, July 31- Spanish banks risk their troubles being compounded by a jump in the cost of lifeblood funding from the European Central Bank. Lenders in Italy and Ireland face a similar threat.
July 31- Comcast Corp posted a higher quarterly profit on Wednesday, as it added more Internet customers than expected on the cable side and saw a more than 20 percent increase in operating cash flow at its NBC Universal unit.
LONDON, July 31- The dollar fell to a one-month low against the yen on Wednesday on caution before a Federal Reserve policy statement which may hint at when stimulus will be reduced but could also push back bets on when interest rates will rise.
WASHINGTON/ ATHENS, July 31- Eleven Latin American countries refused to back an IMF move this week to keep bankrolling Greece, citing risks of non-repayment, and the Fund itself said Athens might need faster debt relief from Europe.
July 31- U.S. chemical and seed company DuPont said on Wednesday it completed its three-year effort to buy a majority stake in South Africa's largest seed company, overcoming that country's stiff opposition to the foreign ownership with pledges to keep a rein on pricing and to aid small South African farmers.
*Germany sells 1.63 bln euros of 30- year bonds. LONDON, July 31- German long-dated bonds rallied on Wednesday after a sale of 30- year Bunds met solid demand though gains were capped in cautious trade before a Federal Reserve policy decision later in the day.