TOKYO— Japan's $1.1 trillion pension fund clears plan to double share purchases, cut bond holdings.» Read More
GM CEO BARRA SAYS VALUKAS, WHO LED PROBE, WAS GRANTED COMPLETE ACCESS, FORMER GM EMPLOYEES WERE PART OF PROBE.
GM CEO BARRA SAYS COMPANY WILL ACCEPT RESPONSIBILITY FOR ITS MISTAKES.
GM CEO BARRA APOLOGIZES AGAIN FOR THE PAIN CAUSED BY THE DEFECTIVE PART.
However, Andrew Mackenzie said that despite the iron ore market facing temporary overcapacity, there was enough demand coming back from China and elsewhere to justify the firm's capacity increase.
GENERAL MOTORS CO CEO BARRA SAYS COMPANY'S PROBE OF ITS HANDLING OF DEFECTIVE IGNITION SWITCH HAS BEEN SHARED WITH U.S.
LONDON, June 5- Another quarter and another record premium level for Japanese aluminum buyers. The premium over the London Metal Exchange cash price for third-quarter shipments to Asia's largest importer seems to be settling around the $400 per tonne level, up from $365- 370 in the current quarter.
LONDON, June 5- Another quarter and another record premium level for Japanese aluminium buyers. The premium over the London Metal Exchange cash price for third-quarter shipments to Asia's largest importer seems to be settling around the $400 per tonne level, up from $365- 370 in the current quarter.
US TREASURIES TURN FLAT, ERASE PRICE LOSSES, 10- YEAR NOTE YIELDS FALL TO 2.60 PERCENT.
DHAKA, June 5- Bangladesh's finance minister on Thursday announced minor sops to improve safety in the country's $22 billion garment industry, after a factory collapse killed over 1,100 people last year, but did not allocate new funds to relocate dangerous buildings.
FRANKFURT, June 5- The European Central Bank lowered its forecast for euro zone inflation on Thursday, expecting it to reach 1.4 percent in 2016, further away from its target of below but close to 2 percent. The new medium-term ECB staff projections are lower than those published in March, when ECB staff had forecast 1.5 percent for 2016..
June 5- Barnes& Noble Inc will develop a tablet with Samsung Electronics America, in a bid to revive its money-losing Nook digital business. The tablets will combine Samsung's hardware with Nook's software and give access to Barnes& Noble's digital collection of more than 3 million books, leading magazines and newspapers, the companies said in a joint statement.
WASHINGTON, June 5- The number of Americans filing new claims for unemployment benefits rose last week, but the underlying trend continued to point to a firming labor market. Initial claims for state unemployment benefits increased 8,000 to a seasonally adjusted 312,000 for the week ended May 31, the Labor Department said on Thursday.
*Chinese state-owned bank sends team to Qingdao port-source. SYDNEY/ HONG KONG, June 5- Global trading houses and banks are scrambling to check on their exposure to a probe into metal financing at China's Qingdao port, as concern grows that a crackdown on commodity financing could hit trade in the world's top metal buyer.
FRANKFURT, June 5- Following is the text of the ECB's statement issued after its policy meeting on Thursday, when it imposed negative interest rates on its overnight depositors to cajole banks into lending more and to fight off the risk of Japan- like deflation.
LONDON, June 5- Johnson Matthey, the world's biggest maker of catalytic converters used to control car engine emissions, said it expected no annual profit growth this year due to the loss of a supply contract and adverse foreign exchange rates.
FRANKFURT, June 5- The European Central Bank said on Thursday it will offer banks a targeted long-term refinancing operation to persuade them to lend, was preparing to purchase asset-backed securities in future and will discontinue sterilizing previous bond purchases.
US TREASURIES EXTEND PRICE LOSSES, 10- YEAR YIELDS RISE TO 2.64 PCT, HIGHEST SINCE MAY 13.
June 5- Dutch bank ING aims to list its insurance arm within two months, it said on Thursday, in one of the biggest European public share offers of the year which will complete the bank's enforced reformation since its state bail-out five years ago.
*Google received 12,000 information removal requests in one day. The ruling, which compelled Google to remove links to a 16- year-old newspaper article about a Spanish man's bankruptcy, has demonstrated once again the difficulty of striking a balance between freedom of information and the right to privacy.
US TREASURIES YIELDS RISE AS ECB ANNOUNCES LIQUIDITY MEASURES, 10- YR NOTES YIELD 2.62 PCT.