LONDON, Dec 11- Sterling fell against the dollar for the first time this week on Wednesday, as investors and speculators trimmed bets in favour of the currency while they await more evidence of a durable recovery in the UK economy.» Read More
LONDON, June 24- Federal Reserve policymaker Richard Fisher said on Monday he was comfortable with the rise in U.S. Treasury yields following the central bank's signal it planned to slow its support, but cautioned that a big spike would be "destructive".
BANGUI, June 24- At least 37 gold miners died in Central African Republic when a pit in which they were operating collapsed after heavy rains, the country's presidency said on Monday. The incident happened on Sunday at a gold mine in Ndassima, some 440 km east of the capital, Bangui. "
LONDON, June 24- When the chief enforcer for Britain's finance ministry suggested that the army should cut spending further because it had more horses than tanks, he provoked an indignant response from one of his own colleagues in the cabinet.
LOS ANGELES, June 24- Time Warner Inc's Warner Bros. studio appointed four executives to leadership positions in its film division, the company said on Monday, replacing outgoing Warner Bros.
NEW YORK, June 24- U.S. stocks pared losses in afternoon trading on Monday after U.S. Treasuries prices rose in volatile trade, as investors continue to grapple with the prospect of less support to the economy from the Federal Reserve.
LONDON, June 24- The current strengthening of the dollar shows that financial markets are increasingly confident about U.S. economic prospects, Federal Reserve policymaker Richard Fisher said on Monday.
NEW YORK June 24- The U.S. dollar on Monday rallied to its highest in nearly three weeks against a basket of currencies on rising expectations U.S. monetary stimulus will be scaled back in the near term.
June 24- George Zimmer, the founder of Men's Wearhouse Inc, resigned from the clothing retailer's board of directors on Monday, according to a letter he sent the board, which was obtained by Reuters. Men's Wearhouse's board last week fired Zimmer, the face of the company and known for his trademark line "You're going to like the way you look.
*Reid says House should accept Senate farm bill. WASHINGTON, June 24- The Republican-controlled U.S. House of Representatives needs to solve its farm bill impasse by enacting the Senate's bipartisan bill, Majority Leader Harry Reid said on Monday, warning that the Democrat-run Senate will not extend current law again.
June 24- Credit markets in the Americas were hit hard again Monday in the midst of the global sell-off, with bonds plummeting in secondary trade and new issuance frozen for a fourth consecutive session.
NEW YORK, June 24- Weil Gotshal& Manges, one of the world's most prominent law firms, said on Monday it would lay off 60 associate lawyers and 110 support staff, a sign that the financial challenges buffeting the law industry continue unabated.
LONDON, June 24- Federal Reserve policymaker Richard Fisher said on Monday he was not surprised by the recent asset price volatility following signals that the central bank would reduce its stimulus programme.
*Barclays says fears funds may end up with "terrorists". MOGADISHU/ NAIROBI, June 24- Somali money transfer businesses asked the British government to stop Barclays bank from closing their accounts in Britain, a move Somali officials and bankers said threatens remittances.
WASHINGTON/ NEW YORK, June 24- The U.S. Supreme Court ruled on Monday that generic drugmakers cannot be sued under state law for adverse reactions to their products, a decision that consumer advocates called a blow to patient safety.
CALGARY, Alberta, June 24- With water levels receding after devastating flooding in southern Alberta, the Canadian oil industry capital of Calgary labored on Monday to restore power and assess damage to its downtown core, while a state of emergency remained in effect. But central Calgary remained mostly shut down.
LONDON, June 24- The U.S. Federal Reserve will be running an accommodative policy even if it reduces its stimulus programme, the Bank of Dallas President Richard Fisher said on Monday.
SANTIAGO, June 24- Chile's controversial HidroAysen hydropower project is feasible if a planned public transmission line materializes, its boss said on Monday, rebutting presidential favorite Michelle Bachelet's statement a day earlier that the complex isn't viable.
SAN FRANCISCO, June 24- Snapchat, a service that allows users to exchange fleeting photo messages, raised $60 million in a funding round led by venture-capital firm IVP, the company said on Monday. Snapchat also attracted a high-profile board member: Sony Corp. of America Chief Executive Michael Lynton.
DUBLIN, June 24- Ireland's opposition called for a full inquiry into the collapse of Ireland's financial system on Monday, after a newspaper published recordings of talks between Anglo Irish Bank executives about a bailout.
LONDON, June 24- The Bank of Dallas President Richard Fisher said on Monday he advocates a reduction of the U.S. "I'm not in favour of going from wild turkey to cold turkey over night," Fisher said in a speech at the Official Monetary and Financial Institutions Forum.