BRASILIA, March 11- A court has ordered the operators of two new hydroelectric dams in western Brazil to redo their environmental impact studies on the suspicion they have caused extensive flooding in the area.» Read More
NEW YORK, Oct 11- What should investors do if they think their portfolio is facing doomsday? Even as lawmakers consider short-term funding measures, every day that the government is partially shuttered and Congress and the president remain at an impasse is angst-inducing.
*Tele2 Russia seen merging with Rostelecom's mobile unit. MOSCOW, Oct 11- Russian bank VTB is to sell 50 percent of its mobile phone operator Tele2 Russia to a group of investors in a deal expected to be worth about $2 billion and which stoked talk of an eventual tie up between Tele2 and rival Rostelecom.
The notice comes after Ariad disclosed on Wednesday that the FDA asked the company to stop enrolling patients in clinical trials of Iclusig. Iclusig was approved by the FDA in December 2012 to treat adults with two rare types of blood cancers- chronic myeloid leukemia and Philadelphia chromosome-positive acute lymphoblastic leukemia.
LONDON, Oct 11- Economic uncertainty from the U.S. budget impasse and the government shutdown is introducing a new policy risk to investors: instead of tapering, could the Federal Reserve actually boost monetary stimulus? In the past three episodes of quantitative easing that began in November 2008, equity and other risky assets rallied.
Oct 11- JPMorgan Chase& Co on Friday posted its first quarterly loss under Chairman and Chief Executive Jamie Dimon as a tangle of legal and regulatory probes cost the biggest U.S. bank $7.2 billion. But he was less adept at anticipating legal expenses, at least some tied to banks that JPMorgan bought during the crisis.
LONDON/ TORONTO, Oct 11- Glencore Xstrata and Vale have revived talks over a potential combination of the mining groups' nickel operations in Canada's Sudbury basin, in an effort to cut costs as prices for the metal languish, sources familiar with the situation said.
The supply outlook improved as the International Energy Agency said non- OPEC supply would rise by an average of 1.7 million barrels per day in 2014, the highest annual growth since the 1970 s.
*JP Morgan, Wells Fargo post earnings. *Washington political talks continue to end crisis. NEW YORK, Oct 11- U.S. stocks edged higher on Friday, following the biggest rally since the first trading day of the year, as talks continued in Washington to end a fiscal stalemate that has shut down the government for days.
*NRW minister says Germany should go it alone on tax. BERLIN, Oct 11- A new German government should crack down on tax avoidance by multinational firms without waiting for its European partners to act, an influential member of the Social Democrats said ahead of a new round of exploratory coalition talks with Angela Merkel.
NEW YORK, Oct 11- The dollar edged lower against a basket of major currencies on Friday but was headed for its first weekly gain in five, as optimism grew Washington may soon clinch a stop-gap deal to avert a devastating U.S. default.
Oct 11- The U.S. Energy Information Administration on Friday said it will not publish its weekly inventory and other data after today due to funding issues related to the government shutdown. EIA said it will cease operations and furlough staff at the end of the day. The agency told energy companies to continue submitting their data to the EIA.
NEW YORK, Oct 11- U.S. consumer sentiment. The Thomson Reuters/ University of Michigan's preliminary reading on the overall index on consumer sentiment fell to 75.2 in October, down from 77.5 in September.
*W.R. Grace shares up 2 pct. Oct 11- Dow Chemical Co will sell its polypropylene licensing and catalysts business to smaller peer W.R. Grace& Co for $500 million as the U.S. chemical maker looks to shed its non-core businesses.
NEW YORK, Oct 11- U.S. stocks edged lower at the open Friday, following the biggest rally on Wall Street in more than nine months, as talks continued in Washington to end a fiscal stalemate that has shut the government for days and threatens the nation's fiscal standing.
NEW YORK, Oct 11- The U.S. Energy Information Administration on Friday said it will not publish its weekly inventory and other data after today due to funding issues related to the government shutdown. EIA said it will cease operations and furlough staff at the end of the day. The agency told energy companies to continue submitting their data to the EIA.
NEW YORK, Oct 11- U.S. crude oil futures fell abruptly in early New York trade on Friday, deepening the day's losses to more than $2 per barrel in a move that traders said may have been linked to a sudden plunge in gold or technical sell-stops. Gold prices had fallen by some $20 per ounce several minutes prior to the move oil.
WASHINGTON, Oct 11- President Barack Obama will press his case for a quick reopening of the entire federal government coupled with an emergency increase of U.S. borrowing authority when he meets with Senate Republicans on Friday.
*Washington political talks continue to end crisis. NEW YORK, Oct 11- U.S. stock index futures pointed to a flat open on Friday, following the biggest rally since the first trading day of the year, as talks continued in Washington to end a fiscal stalemate that has shut down the government for days.
*Fed to buy $1.25 bln- $1.75 bln bonds due 2036-2043. NEW YORK, Oct 11- U.S. "We need the weekend with a minimum of drama before people are comfortable that is off the table," said Jim Vogel, interest rate strategist at FTN Financial in Memphis, Tennessee.
DETROIT, Oct 11- The U.S. Treasury said it sold another $570.1 million worth of General Motors Co common stock last month as it moved toward exiting its holdings in the automaker by the end of March 2014.