MOSCOW/ KIEV, Dec 7- Moscow and Kiev have yet to reach agreements on reducing Russian gas prices or Ukraine joining a Moscow- led customs union, a spokesman for Russian President Vladimir Putin told reporters on Saturday.» Read More
ATHENS, June 25- Greece's weakened coalition government is expected to survive the departure of a junior partner for now but will be forced to resist any fresh demands from its foreign lenders to prevent its tiny parliamentary majority from crumbling.
Oil's fall below the $100 a barrel favoured by OPEC exposes the deepening divide between those in the group most able to withstand a lower price and those most hurt by it. ID: nL5N0F02HJ 3/ 8 Following is a table showing estimates of the price per barrel below which different OPEC countries have financial concerns:.
LONDON, June 25- Oil's fall below the $100 a barrel favoured by OPEC exposes the deepening divide between countries in the group better able to cope with a lower price and those most hurt by it, making collective action to halt any further price slide harder.
PARIS, June 25- European governments are hoping a leading role for the European Central Bank and a more detailed review of assets will give the latest round of stress tests for the region's banks what they have lacked in the past- credibility.
WASHINGTON, June 25- Sales of new U.S. single-family homes rose to their highest level in nearly five years in May, confirming the housing market's strengthening tone. The Commerce Department said on Tuesday sales increased 2.1 percent to a seasonally adjusted annual rate of 476,000 units- the highest level since July 2008.
NEW YORK, June 25- Former American International Group Chief Executive Maurice "Hank" Greenberg failed to persuade New York state's highest court to dismiss a lawsuit seeking to hold him accountable for sham transactions at the insurer.
June 25- Lennar Corp reported a 27 percent rise in orders in the critical spring selling season as its large land bank helped it take advantage of a recovering U.S. housing market. Lennar booked orders for 4,481 homes in the year-ago spring quarter.
TORONTO, June 25- U.S. hedge fund Scout Capital Management disclosed on Tuesday that it has sent a letter to Tim Hortons Inc's board urging the Canadian coffee and doughnut chain to optimize its capital structure and alter its approach to its U.S. expansion.
*Rome's two-year borrowing costs hit highest since September 2012. MILAN/ MADRID, June 25- Italy and Spain had to pay much more to auction 7.6 billion euros of debt on Tuesday, reflecting market unease about the future of the central bank monetary stimulus that has fanned global demand for riskier assets.
*Gold correlation with stocks turns negative after a decade. LONDON, June 25- Further gains in global stock markets this year will be a signpost of more losses for gold, according to analysts, citing a re-established negative correlation between the two assets.
NEW YORK, June 25- The dollar recovered from early losses and rallied against the euro on Tuesday after a report showed orders for long-lasting U.S. manufactured goods rose more than expected in May and a gauge of planned business spending increased for a third straight month.
*Durable goods orders rise 3.6 pct in May. WASHINGTON, June 25- Orders for long-lasting U.S. manufactured goods rose more than expected in May and a gauge of planned business spending increased for a third straight month, the latest signs of a pick-up in economic activity.
June 25- Men's Wearhouse Inc said it fired founder and Executive Chairman George Zimmer after he pushed to take the company private and effectively demanded to be reinstated as the sole decision maker at the clothing chain.
*Europe above all needs growth to kickstart hiring. Leaders agreed in April to set aside 6 billion euros from their long-term budget, which runs from 2014-2020, to combat youth joblessness, with more than half of under-25s in Greece, Spain and some other regions out of work.
PARIS, June 25- France Telecom's CEO said on Tuesday that IMF chief and former French finance minister Christine Lagarde was fully briefed before approving an arbitration process that saw businessman Bernard Tapie awarded a huge payout in 2008..
June 25- Barnes& Noble Inc reported on Tuesday that its quarterly net loss more than doubled as sales of its Nook device and e-books continued to plunge, and it forecast a sharp drop in business at its bookstores.
NEW YORK, June 25- U.S. single-family home prices jumped in April, racking up their biggest annual gain in seven years in a sign of growing momentum in the housing recovery, a closely watched survey showed on Tuesday. Prices in all 20 cities were higher compared to a year ago, with Atlanta, Dallas, Detroit and Minneapolis seeing their biggest ever increases.
NEW YORK, June 25- Prices for U.S. Investors dumped assets around the world- including stocks and government debt- after Federal Reserve Chairman Ben Bernanke last week said the bank could slow its $85 billion- per-month in Treasuries and mortgage backed securities purchases as the economy gains momentum.
The euro zone island nation was forced to shut one bank and seize deposits in a second to qualify for 10 billion euros in aid from the International Monetary Fund, European Central Bank and European Union in a bailout in March.