WASHINGTON, July 12- Phil Falcone's Harbinger Capital Partners has filed suit against the U.S. government, accusing it of reneging on an agreement regarding bankrupt Harbinger-backed wireless company LightSquared LP, the Wall Street Journal reported.» Read More
*U.S. warns Russia it would be' grave mistake' to intervene militarily in Ukraine. SYDNEY/ SINGAPORE, Feb 27- The U.S. dollar held near a two-week high against a basket of major currencies on Thursday, as heightening tensions in Ukraine helped support safe-haven demand for the greenback.
*Gold bar premiums in Singapore at 80 cents vs $1.50 last week. SINGAPORE, Feb 27- Gold extended losses on Thursday after the previous session's volatile trade, with a slow physical sector suggesting that jewellers and investors were waiting for prices to drop further from four-month highs.
HONG KONG, Feb 27- China's yuan briefly fell on Thursday and remained below the official fixing, which the central bank again set lower, a trend that is likely to continue as China prepares for market reforms.
SEOUL, Feb 27- South Korea's supreme court confirmed a four-year prison sentence imposed on SK Holdings Chairman Chey Tae- won for embezzlement on Thursday in what is one of the longest confirmed prison terms for a business leader in the country.
*Rising diplomatic tension over Ukraine hurt risk sentiment. TOKYO, Feb 27- Asian shares struggled to find a solid footing on Thursday as escalating tensions in Ukraine sent investors scurrying to the safety of the dollar and U.S.
NEW YORK, Feb 26- Bank of America Corp said it does not owe the U.S. government the $2.1 billion it is seeking in penalties after a jury found the bank liable for fraud over defective mortgages sold by its Countrywide unit, according to a court filing made on Wednesday.
Feb 26- A U.S. federal judge on Wednesday denied BP Plc's request to halt payments from the $2.3 billion fund it created to compensate commercial fishermen for financial losses after the British company's 2010 offshore oil spill, according to court records.
*Investors eye impact of Ukraine tensions on global markets. TOKYO, Feb 27- Japan's Nikkei average extended losses into a second day on Thursday, moving further away from a 3-1/ 2- week high hit earlier this week, as the weakening of the yen took a pause and as heightened tensions in Ukraine soured sentiment.
WASHINGTON, Feb 26- Oil companies handling volatile fuel out of North Dakota's energy patch must consider the dangers of flammable gas carried in the kind of oil-by-rail shipments involved in a string of fiery derailments, a U.S. regulator said on Wednesday.
The disappointing report came as Australia's iconic airline Qantas Airways announced plans to cut 5,000 jobs over the next three years to help it withstand fierce competition.
Sandra Pianalto, who is stepping down at the end of May after 10 years as president of the Cleveland Fed, said however the cost of those policies needs to be measured against possible market disruptions and financial instabilities. "It's important for us to weigh those potential costs of a program like this... against the benefits," she said at the College of Wooster.
The Boeing Black Smartphone is based on Google Inc's Android operating system and built into a black, tamper-proof handset capable of accessing multiple cell networks instead of a single network like a normal cellphone, according to Boeing and filings with the U.S. Federal Communications Commission.
SYDNEY, Feb 27- London copper slipped to its lowest in three weeks on Thursday as traders shed risk on worries of turmoil in emerging markets, fed by escalating tension in Ukraine and after Chinese officials intervened in the yuan.
BRASILIA, Feb 26- Brazil slowed the pace of monetary tightening on Wednesday, signaling it may be near the end of a rate-hiking cycle that threatened to tip Latin America's largest economy into a recession. The central bank is signaling that it is ready to end the cycle, "said Andre Perfeito, chief economist at Gradual Investimentos in Sao Paulo.
Feb 26- A U.S. federal judge on Wednesday denied BP Plc's request to halt payments from the $2.3 billion fund it has created to compensate commercial fishermen for financial losses claimed after the British company's 2010 offshore oil spill, according to court records.
Sandra Pianalto, who is stepping down at the end of May after 10 years as president of the Federal Reserve Bank of Cleveland, also predicted that new Fed Chair Janet Yellen would continue "building consensus and being open-minded" at policy-setting meetings in the years ahead.
*Crude stocks at Cushing draw for 4th week. The U.S. Energy Information Administration said crude stocks rose overall by just 68,000 barrels last week, far less than the average build of 1.2 million barrels forecast, while stocks at Cushing fell 1.1 million barrels as TransCanada Corp's southern pipeline continued to drain oil to the Gulf Coast.
RIO DE JANEIRO, Feb 26- Vale SA, the world's No. 3 mining company by market value, said on Wednesday its net loss more than doubled in the fourth quarter after it took a $6.5 billion charge for an income-tax settlement with the Brazilian government and wrote off part of a failed potash investment.
SINGAPORE, Feb 27- Gold was becalmed on Thursday after a roller coaster trade in the previous session, with dealers expecting physical demand to resurface after prices dropped from their strongest level since October last year. *Spot gold was little changed at $1,330.00 an ounce by 0031 GMT. *U.S. gold was at $1,330.10 an ounce, up $2.10.
Sandra Pianalto, who is stepping down in May after 10 years as president of the Federal Reserve Bank of Cleveland, also predicted that new Fed Chair Janet Yellen would continue "building consensus and being open-minded" at policy-setting meetings in the years ahead.