"For something of this magnitude and this controversial... there will be somebody who will challenge it," said Brian Cartwright, an advisor at consultancy Patomak Global Partners and a former general counsel at the Securities and Exchange Commission, one of the agencies voting on the measure.» Read More
BEIJING, June 26- China's biggest bank was uncertain of how to respond to turmoil in money markets last week because there was no clear direction from policymakers on what they wanted to achieve, according to its top executive.
Morale among German consumers rose to its highest level in almost six years heading into July thanks to a robust labor market and strong wage hikes, adding to signs that Europe's largest economy is slowly recovering.
TOKYO, April 26- Japan's Nikkei share average closed below the 13,000- mark on Wednesday in volatile trade as worries about a cash crunch in China continued despite assurances from Beijing's central bank that it will offer funds to banks if needed. The benchmark Nikkei ended 1.0 percent lower at 12,834.01.
The European Union will make a fresh attempt on Wednesday to share out the costs of future bank failures, starting a regime to spare taxpayers further bailouts.
BERLIN, June 26- Morale among German consumers rose to its highest level in almost six years heading into July thanks to a robust labour market and strong wage hikes, adding to signs that Europe's largest economy is slowly recovering after a weak start to 2013..
BEIJING, June 26- Investors getting stung by China's worst financial market rout in years should find solace in the fact that the government, in particular Premier Li Keqiang, is willing to play hardball to force through much-needed policy change. The People's Bank of China takes its cue from the government under China's communist system.
*Hong Kong shares rebound as investors hunt for bargains. HONG KONG, June 26- China shares fell again on Wednesday as comments by the central bank failed to end worries about a cash crunch, while Hong Kong shares rebounded as investors hunted for bargains after recent market turmoil.
The crude benchmark is down more than 8 percent for the quarter, its third quarterly loss in a row, falling sharply last week after Fed Chairman Ben Bernanke laid out a roadmap for paring the pace of bond buying and on China slowdown concerns. Brent crude for August delivery dropped 51 cents to $100.75 a barrel by 0434 GMT.
BEIJING/ SINGAPORE, June 26- China will tap global markets for more top-quality wheat after rains during last month's harvest damaged some 10 million tonnes, over 8 percent of the annual output of the world's top producer of the grain.
June 26- Ohio's Republican governor, John Kasich, is no fan of President Barack Obama's health reform law.
SHANGHAI, June 26- The yuan slipped versus the dollar on Wednesday, continuing a recent mild downtrend as the central bank set a weaker official midpoint, signalling it does not intend the Chinese currency to appreciate further after a rally in April and May, traders said.
SHANGHAI, June 26- China's financial markets were calmed on Wednesday after days of turmoil by the central bank's pledge to prevent any lasting credit crunch, but stocks kept slipping as investors braced for tougher conditions in the world's second-largest economy.
*Beijing needs to balance restructuring against job losses. BEIJING, June 26- China is set to release new plans soon to slim down bloated industries from steel to shipbuilding, but applying measures on the ground will be tough after years of lax oversight during a stimulus-fueled rush to expand in Asia's biggest economy.
SINGAPORE, June 26- London copper slid 1.3 percent on Wednesday, giving up some of its strong gains from the day before as assurances from China's central bank to calm fears of a credit crunch gave way to concerns over slowing growth in the top consumer of the metal.
*Gold falls more than 2 percent, near 3- yr lows. SINGAPORE, June 26- Gold fell to its lowest in nearly three years on Wednesday, pressured by strong U.S. economic data that boosted stock markets and supported the U.S. Gold for immediate delivery fell to $1,243.94 earlier- its lowest since September 2010.
NEW YORK, June 26- After a 12 year hiatus, the United States reclaimed first place among top executives in a foreign direct investment sentiment survey, displacing China as it makes progress toward sustainable and steady economic growth, a new study showed on Wednesday. According to global consulting firm A.T.
NEW YORK, June 26- After a 12- year hiatus, the United States reclaimed first place among top executives in a survey on foreign direct investment sentiment, displacing China as it makes progress toward sustainable and steady economic growth, a study showed on Wednesday.
*China central bank seeks to ease credit crunch fears. TOKYO, April 26- Japan's Nikkei share average fell 0.9 percent on Wednesday morning despite China's efforts to allay fears of a credit crunch. Worries over China's banking system and economy still weigh on the markets, "said Hiroaki Hiwada, a senior strategist at Toyo Securities."
HONG KONG, June 26- It's no secret that gaining access to China was the primary reason Hong Kong Exchanges& Clearing bought the London Metal Exchange, but the vision is a long way from reality.
*Yen benefits from continued fears of China credit crunch. TOKYO/ SYDNEY, June 26- The dollar turned down against the yen in Asia on Wednesday as investors warily watched China's stressed markets, but the greenback got support from U.S. economic data which backed the Federal Reserve's recovery view and bolstered U.S.