The city of Providence, Rhode Island, is suing dozens of Wall Street banks and other financial companies over high-frequency trading. The suit's defendants include the Nasdaq Stock Market and the New York Stock Exchange; major banks such as JPMorgan Chase, Goldman Sachs and Citigroup; and trading firms including Chopper Trading and Jump Trading.» Read More
TOKYO, Nov 20- Mazda Motor Corp will begin production at its new Mexico factory in January, the carmaker's chief said on Wednesday, describing the plant as a key foreign base for the Japanese company as it pares its reliance on domestic output.
TOKYO, Nov 20- Japanese government bond prices were steady to slightly lower on Wednesday in thin trading as investors awaited the outcome of the Bank of Japan's two-day policy meeting on Thursday. On Wednesday, the BOJ offered to buy 200 billion yen of JGBs maturing in more than 10 years, in addition to 600 billion yen in the 1- year to 5- year zone.
The intervention by large Chinese lenders meant the spread between the yuan traded on the mainland and its counterpart in Hong Kong- a rough gauge of investor expectations towards the Chinese currency- widened further, nearing the year's highs.
TOKYO, Nov 20- Lexus is aiming for a steady 5 to 10 percent annual growth in the coming years, an executive said, as the luxury brand of the world's best-selling carmaker Toyota seeks to establish a more global presence in the premium market. The United States last year accounted for about half of Lexus' global sales.
*JPMorgan says did not admit to violating any laws. NEW YORK/ WASHINGTON, Nov 19- In late September, JPMorgan Chief Executive Jamie Dimon walked into the office of U.S.
*Major powers, Iran start nuclear talks on Wednesday. SINGAPORE, Nov 20- Brent climbed back above $107 a barrel on Wednesday while U.S. crude futures rose for a second day after Ben Bernanke's reassurance about ultra-easy monetary policy continuing and on hopes of higher U.S. oil demand.
LOS ANGELES, Nov 19- Nissan Motor Co Ltd said it will lift U.S. production of its all-electric Leaf as demand for the car has surged sharply this year following a cut to its sticker price.
WASHINGTON, Nov 19- Up to 40 percent of the technology needed to run the new Obamacare health insurance marketplace has not yet been built and will not be ready when insurance companies start sending in bills when coverage begins Jan. 1, the project manager of HealthCare.gov told the U.S. Congress on Tuesday.
SAN FRANCISCO, Nov 19- Venture capitalist Tim Draper is stepping back from his investment role at Draper Fisher Jurvetson, the firm he founded in 1985.. Long considered venture-capital royalty, Draper is known for investments such as Internet phone service Skype, now part of Microsoft Corp, and Chinese Internet company Baidu Inc.
*MSCI Asia ex- Japan shares flat, China shares extend gains. *China sets yuan midpoint at post-devaluation high. TOKYO, Nov 20- The dollar was under pressure but global shares found support on Wednesday after Federal Reserve Chairman Ben Bernanke reiterated the Fed's commitment to easy policy, cementing expectations its stimulus will stay for the rest of year.
*Exporters rise as USD stays above 100 yen. TOKYO, Nov 20- Japan's Nikkei share average was flat on Wednesday morning as recent outperformers including banks and non-life insurers pulled back, offseting gains in exporters after the dollar traded above 100 yen. Panasonic Corp rose 1.5 percent, Toyota Motor Corp added 0.5 percent and Nikon Corp rose 1.4 percent.
HONG KONG, Nov 20- A key index of Chinese shares listed in Hong Kong turned positive for the year on Wednesday, buoyed by supportive comments from China central bank officials on financial reforms and stimulus-friendly stance from outgoing U.S.
WASHINGTON, Nov 19- The Republican leader of a U.S. House of Representatives investigative committee asked the Census Bureau on Tuesday for more information related to a media report that the monthly unemployment rate was manipulated ahead of the 2012 presidential election.
SINGAPORE, Nov 20- London copper on Wednesday climbed off three-month lows touched the session before, with Federal Reserve Chairman Ben Bernanke reaffirming support for ultra-easy monetary policy that has been underpinning demand for commodities.
WASHINGTON, Nov 19- Federal Reserve Chairman Ben Bernanke, in his first public comments on personal plans after he steps down from the Fed in January, said on Tuesday he will be "writing and speaking" on topics that have consumed his tenure at the U.S. central bank.
CARACAS, Nov 19- Venezuelan lawmakers granted President Nicolas Maduro yearlong decree powers on Tuesday that he says are essential to regulate the economy and stamp out corruption but adversaries view as a power grab.
Federal Reserve Chairman Ben Bernanke said the Fed will maintain its bond buying program as long as needed. Oil markets will be closely watching talks between major powers and Iran, which resume Wednesday, on curbing Iran's nuclear program.
SINGAPORE, Nov 20- Gold was trading in a tight range on Wednesday as investors awaited the release of the minutes of a Federal Reserve policy meeting later in the session for clues on when the bank will trim its stimulus. *Spot gold was largely unchanged at $1,274.06 an ounce by 0023 GMT.
WASHINGTON, Nov 19- President Barack Obama, who has portrayed himself as surprised by technical problems with the government's new health care website, was briefed earlier this year on a consultant's report that warned of possible widespread site failures, the White House said on Tuesday.
WASHINGTON, Nov 19- Taxation of large U.S. multinational corporations would be dramatically overhauled by a raft of proposals unveiled on Tuesday by the U.S. Senate's top tax writer, though there is broad skepticism that they could become law anytime soon.