NEW YORK, Oct 24- Fannie Mae has reached a $170 million settlement of a lawsuit accusing it of misleading shareholders about its finances, risk management and mortgage exposure before it was seized by the U.S. government during the 2008 financial crisis. Fannie Mae and the smaller Freddie Mac were seized by the federal government on Sept. 7, 2008 and put into a...» Read More
TOKYO, June 11- Australia and Japan will create a framework pact to cooperate on military technology, the two countries said on Wednesday, a move that could pave the way for Japan to supply stealth submarine designs and components to Australia.
*Yannis Stournaras to be Greece's new central bank chief. ATHENS, June 11- Former Greek finance minister Yannis Stournaras, who spearheaded Greece's return to economic stability after it nearly crashed out of the euro zone, is to become the next Bank of Greece governor, the central bank said on Wednesday.
*Shanghai copper premiums fall $10 to $70- $90- Shmet. Output from MMG Ltd's Century zinc mine in Australia is expected to run dry in mid-2015, while its nearby Dugald River mine is expected to miss its start date of late 2015 due to poor ground conditions.
KABUL, June 11- The most pressing challenge awaiting Afghanistan's new leader may not be the worsening violence, fractured U.S. relationship or declining aid, but an international blacklist hanging over the country's banks.
TOKYO, June 11- Japanese airbag maker Takata Corp's safety crisis deepened on Wednesday after the world's biggest carmaker Toyota Motor Corp recalled 650,000 more vehicles in Japan, and the supplier cautioned further fixes may be needed.
LONDON, June 11- The euro hovered near a four-month low versus the dollar and hit a 1-1/ 2 year trough against sterling on Wednesday, with the single currency under pressure due to a widening yield gap between euro zone bonds and their major peers.
*Gas central to relations between Russia, Ukraine and EU. BRUSSELS/ KIEV June 11- Russia and Ukraine resumed efforts to settle their gas price row on Wednesday after Kiev rejected a proposal that would have cut its gas bill by around a fifth and averted a possible suspension of supplies that would also hit the rest of Europe.
June 11- Orexigen Therapeutics Inc said the U.S. Food and Drug Administration delayed a decision on the marketing application for its obesity drug by three months, sending the company's shares down about 19 percent in premarket trading.
*Huge uncertainties about when, at what level, China may cap. Yet after a rush of enthusiasm, there are uncertainties- especially about China. European Climate Commissioner Connie Hedegaard cautioned against celebrating about China, whose carbon dioxide emissions have almost quadrupled since 1990 amid stellar economic growth.
BERLIN, June 11- German conglomerate Siemens is in talks with Japan's Mitsubishi Heavy Industries on a possible joint bid for the energy assets of France's Alstom, a source close to Siemens told Reuters on Wednesday.
June 11- Yogawear retailer Lululemon Athletica Inc founder Chip Wilson said he voted against the re-election of Chairman Michael Casey and RoAnn Costin to the board. Casey and Costin, president of a Boston- based private equity company, have been members of Lululemon board since 2007..
VIENNA, June 11- OPEC has agreed to renew for the second half of 2014 its oil production ceiling of 30 million barrels a day, Nigeria Oil Minister Diezani Alison-Madueke said at the end of the meeting on Wednesday.
TOKYO, June 11- Australia and Japan on Wednesday said they would create a framework pact to cooperate on military technology, a move that could pave the way for Japan to supply stealth submarine designs and components to Australia.
June 11- As the U.S. Environmental Protection Agency rolls out tough new rules designed to slash power plant emissions, Consol Energy Inc is showcasing its transformation from a coal miner to a producer of cleaner-burning natural gas. "The more information we can get, the better," said Clarkson Capital Markets analyst Jeremy Sussman.
LONDON, June 11- Palladium held near its highest level in more than three years on Wednesday, underpinned by a five-month strike in South Africa, while gold edged above $1,260 an ounce on Wednesday, as European shares slipped and the dollar weakened.
June 11- GoPro Inc, a maker of wearable sports cameras and accessories, said it expected its initial public offering of shares to be priced $21- $24 per share, valuing the company at up to $3 billion. GoPro is selling 8.9 million class A shares in the IPO, while the rest is being offered by selling stockholders.
LONDON, June 11- European equity markets fell on Wednesday as a profit warning from German airline Lufthansa hit travel stocks. Air France KLM fell 6.2 percent, International Consolidated Airlines Group dropped by 5 percent and the regional STOXX Europe 600 Travel& Leisure Index fell 1.8 percent- making it the worst-performing equity sector.
June 11- Orexigen Therapeutics Inc said the U.S. Food and Drug Administration delayed its decision on the marketing application of its obesity drug, contrave, by three months, sending its shares down about 12 percent in premarket trading.
CAIRO, June 11- The gap between the Egyptian pound's official and unofficial exchange rates widened on Wednesday, with the pound slipping against the dollar in the black market and remaining stable at a central bank dollar sale.
June 11- Yogawear retailer Lululemon Athletica Inc founder Chip Wilson said he voted against the re-election of Chairman Michael Casey and RoAnn Costin to the board.