As affluent parents accelerate spending on kids' education, wealth gap could widen further As affluent parents accelerate spending on kids' education, wealth gap could widen further In a reversal, EBay plans to split off PayPal business in 2015, CEO Donahoe to leave New Viagra ads target women for 1st time by encouraging them to push men to get treatment After Bill Gross' resignation, Pimco turns to insider to keep firm going Oil, rail industries want 7 years to retrofit cars that transport highly volatile crude oil EU targets Apple's overseas tax model, says Ireland appears to grant firm illegal rebate US stocks turn up in midday trading; eBay jumps on news that it will spin off PayPal China approves iPhone 6 after Apple promises no' backdoors'; Apple says sales start Oct. 17 US consumer confidence falls in September after 4 months of gains» Read More
SINGAPORE, May 30- Gold steadied after a three-day losing streak on Friday, but was heading for its biggest weekly drop in two months as an improving U.S. economic outlook dented its appeal as an investment-hedge. Spot gold was up 0.1 percent at $1,257.36 an ounce by 0258 GMT, but not far from a 16- week low of $1,251.10 hit in the previous session.
MENLO PARK, Calif., May 29- Kansas City Fed President Esther George on Thursday said she is open to keeping the Fed's balance sheet large even as it begins to remove policy accommodation. At Stanford University's Hoover Institution conference on central banking she was asked how she feels about keeping the Fed's balance sheet big.
SHANGHAI, May 30- The Shanghai Futures Exchange is planning to launch China's first nickel and tin futures this year, local media reported on Friday, as part of steps to internationalise the country's commodity markets.
*Japan's Nikkei erases early gains in choppy trading. Japan's Nikkei stock average edged down 0.2 percent in choppy trading, as investors booked profits after six sessions of gains, its longest winning streak since December.
May 29- Google Inc has launched a service through which European citizens can request that links to what they deem as objectionable material be taken off search results, the first step to comply with a court ruling affirming the "right to be forgotten."
TOKYO, May 30- Japanese government bond prices were steady to slightly weaker, with some investors taking profits after the benchmark 10- year yield had hit one-year low the previous day, and as U.S. The cash 10- year yield rose 1.0 basis point to 0.575 percent, off a one-year low of 0.560 percent hit on Thursday following rallies in global bond prices.
MUMBAI, May 30- Hailed as a troubleshooting "James Bond" of central bankers amid India's currency crisis last year, Raghuram Rajan was given a license to kill inflation with higher interest rates and drive a program of monetary policy reforms.
GEORGE: KEEPING RATES LOW EVEN AFTER RECOVERY IS COMPLETE SETS STAGE FOR MORE RISK-TAKING.
GEORGE: LIKELY APPROPRIATE TO RAISE RATES FASTER THAN MOST AT FED NOW EXPECT.
GEORGE: FED WILL NEED TO RESIST PRESSURE TO BACK AWAY FROM RATE HIKES.
MENLO PARK, Calif., May 29- A top Federal Reserve official on Thursday called for the U.S. central bank to raise interest rates soon after it winds down its bond-buying stimulus and to raise them more sharply than most of her fellow policymakers expect.
FED' S GEORGE: FED SHOULD RAISE RATES' SHORTLY AFTER' END OF BOND-BUYING.
NEW YORK, May 29- A New Jersey hedge fund manager pleaded not guilty on Thursday to charges he traded on inside information about the children's clothing company Carter's Inc, according to court papers. Steven Slawson, the co-founder of Titan Capital Management, is the latest defendant to be charged in a probe centered on the Atlanta- based retailer.
May 29- Google Inc on Thursday said it has made a webform for Europeans to request the removal of results from its search engine to comply with the recent top European court ruling that subjects have the "right to be forgotten."
TOKYO, May 30- Japan's Nikkei stock average extended gains into a seventh day on Friday, its longest winning streak since December, after another record close on Wall Street and strong Japan consumer prices lifted sentiment.
SYDNEY, May 30- London copper prices on Friday were on track for their biggest monthly climb this year on peak seasonal demand from China, while London nickel was aiming for a fourth monthly gain as Indonesia's export ban drives demand for alternative supplies.
*Household spending falls in April, recovery may be slow. TOKYO, May 30- Japan's household spending in April fell at the fastest rate in three years in a sign that consumption could be slow to recover from an increase in the nationwide sales tax, raising questions over the pace of economic recovery.
BANGKOK, May 30- Thailand is expected to publish data on Friday showing stagnant consumption and investment, more evidence of a stumbling economy that will lend urgency to the military junta's efforts to get the country working again. Army chief and coup leader General Prayuth Chan- ocha has spoken of the need for broad reforms before an election.
SINGAPORE, May 30- Gold steadied after a three-day losing streak on Friday but the metal was headed for its biggest weekly drop in two months as an improving U.S. economic outlook dented its investment-hedge appeal. *Gold was also hurt by stronger equities and a firmer U.S. dollar, while the geopolitical situation in Ukraine was also being eyed.