Jan 29- Cruise operator Royal Caribbean Cruises Ltd's quarterly revenue fell 2 percent due to weak pricing in Caribbean, its biggest market. Royal Caribbean has been battling intense competition in the Caribbean from smaller rivals such as Europe- based MSC Cruises, who offer cheaper packages. Royal Caribbean's net income rose to $109.8 million, or 49 cents per...» Read More
"The SEC must protect investors in asset-backed securities just as it does investors in any other security," SEC Chair Mary Jo White said in a statement. The newly required information includes the credit quality and the collateral and cash flows related to each asset, said the SEC.
BRASILIA, Aug 27- Environmentalist Marina Silva has surged to a strong second place in Brazil's presidential election and is set to defeat President Dilma Rousseff if the race goes as expected to a runoff, a new poll showed on Wednesday.
*Cushing up 508,000 bbls- EIA. LONDON, Aug 27- Brent crude oil rose towards $103 a barrel on Wednesday, recovering from a 14- month low hit last week as traders monitored maintenance work in the North Sea and as U.S. crude oil inventories fell.
Aug 27- Time Warner Cable Inc the second-largest U.S. cable operator, experienced a major network outage early Wednesday morning that shut down Internet services for almost two hours, the company said. Time Warner Cable provides Internet services to about 11 million customers nationwide.
*FTSEurofirst 300 flat, Euro STOXX 50 down 0.2 pct. *Seadrill falls after below-forecast earnings. Declines in individual shares included UK grocers Sainsbury and Tesco slipping 2.2 percent and 1.3 percent respectively after data from Kantar Worldpanel showed UK grocery market sales rose 0.8 percent in the 12 weeks to Aug. 17, a 10- year low.
ZURICH, Aug 27- Russian banks will require approval to issue long-term financial instruments in Switzerland, the government said on Wednesday, as it detailed measures to ensure it does not become a place for individuals or funds to avoid European sanctions on Moscow.
*China developers seeking new capital sources as liquidity tightens. HONG KONG, Aug 27- Global private equity firm Carlyle Group is in talks with China Vanke Co Ltd to acquire some of Vanke's commercial properties through assets or shares acquisition, the biggest Chinese property developer said on Thursday.
CORRECTED-CBO ESTIMATES 1.5 PCT U.S.
Aug 27- China's Alibaba Group Holding Ltd, which is expected to go public in New York as early as next month, reported a 46 percent jump in quarterly revenue as growth in the world's largest e-commerce market showed no signs of slowing.
TORONTO, Aug 27- National Bank of Canada, the country's sixth-largest lender, reported a stronger-than-expected profit on Wednesday, helped by a sharp jump in earnings at its wealth management and financial markets arms.
NEW YORK, Aug 27- Major U.S. stock indexes rose on Wednesday with the Standard& Poor's 500 holding around the 2,000 milestone, while bets the European Central Bank is on the brink of injecting more stimulus knocked the region's government bond yields to record lows.
*S&P 500 coming off first close above 2,000. NEW YORK, Aug 27- U.S. stocks were flat on Wednesday as investors found few reasons to extend a rally that has taken indexes to repeated records, even though market valuations were not seen as unduly stretched.
BERLIN, Aug 14- Berlin has banned car service Uber, which allows users to summon a ride on their smartphone, for not offering drivers and vehicles licensed to carry passengers, or full insurance cover, the German capital said.
WASHINGTON, Aug 27- The U.S. budget deficit for fiscal year 2014 will be an estimated $506 billion, a slight increase from the $492 billion projected in April, based on lower-than-expected corporate tax receipts, the Congressional Budget Office said on Wednesday.
CBO ESTIMATES CUMULATIVE DEFICIT BETWEEN 2015-2024 AT $7.196 TRLN.
BUDGET DEFICIT AT $506 BLN VS PREVIOUS ESTIMATE OF $492 BLN DUE TO LOWER CORPORATE TAX RECEIPTS.
DEFICIT TO REACH 2.9 PCT OF GROSS DOMESTIC PRODUCT VS PREVIOUS ESTIMATE OF 2.8 PCT- CBO.
DEFICIT AT $469 BLN, OR 2.6 PCT OF GDP, FY 2016 DEFICIT AT $556 BILLION, OR 2.9 PCT OF GDP.