PUNGESTI, Romania, Dec 7- U.S. oil major Chevron halted exploration works for shale gas in eastern Romania for the second time in two months on Saturday after anti-fracking protesters broke through wire mesh fences around the site.» Read More
NEW YORK, June 19- Oil prices came under pressure on Wednesday while gold and copper fell after Federal Reserve Chairman Ben Bernanke said the central bank could begin to scale back its stimulus measures for the U.S. economy later this year. Wheat had its biggest rally since April on bargain buying and expectations the grain will be used as a livestock feed.
*Shares tumble after Fed chief signals stimulus could be pared back. *Adobe, FedEx rise after results; Sprint tumbles. NEW YORK, June 19- U.S. stocks fell more than 1 percent on Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank would start to reduce its stimulus measures later this year if the economy is strong enough.
JERUSALEM, June 19- A recovery in the housing market and strong growth in consumer wealth will help jump-start. "There are no certainties, there are enormous risks and there are some substantial problems but... the American economy is coming back," Summers, Obama's top economic adviser until November 2010, told a conference in Jerusalem on Wednesday.
CHICAGO, June 19- With the U.S. grain harvest set to bounce back and pressure crop prices after last year's drought, some economists have cautioned that sky-high U.S. farmland prices may be a bubble about to burst. But most farm bankers and industry analysts don't see a bubble in record crop land prices set in the last year from Nebraska to Indiana.
NEW YORK, June 19- Forest Laboratories Inc, the specialty drugmaker that counts investor Carl Icahn as a major shareholder, is among a handful of companies interested in bidding for Irish drugmaker Elan Corp Plc, two people familiar with the situation said.
LONDON, June 19- Britain is ready to start selling its shares in Lloyds Banking Group and will examine whether to break up Royal Bank of Scotland, Finance Minister George Osborne said, admitting the re-privatisation of RBS remains a long way off.
NEW YORK/ LONDON, June 19- Gold fell to a one-month low on Wednesday after the U.S. The precious metal fell further after Fed Chairman Ben Bernanke said at a later press conference on the Fed's decision that "The committee currently anticipates that it will be appropriate to moderate the monthly pace of purchases later this year."
Federal Reserve Chairman Ben Bernanke said the Fed might reduce the amount of money it pumps into the economy later this year, while higher crude stocks in the United States also hurt prices.
NEW YORK, June 19- U.S. stocks fell sharply on Wednesday, with losses accelerating in afternoon trading after Federal Reserve Chairman Ben Bernanke said the central bank could begin to scale back its stimulus measures later this year. The Dow Jones industrial average was down 205.66 points, or 1.34 percent, at 15,112.57.
LONDON, June 19- Britain's economic recovery is not yet secure and more needs to be done to ensure the country's banks no longer pose a threat to taxpayers, Bank of England Governor Mervyn King said in his final speech on Wednesday.
*U.S. still searching for source of biotech wheat in Oregon. WASHINGTON, June 19- An executive with Monsanto Co and two other pioneers in agricultural biotechnology said their selection as winners of the $250,000 World Food Prize on Wednesday should encourage the wider use of genetically engineered crops.
The Fed said it would maintain its current $85 billion a month in bond purchases, but Fed Chairman Ben Bernanke said the U.S. central bank expects to slow the pace of the purchases later this year. "
*Five-year yield hit highest level since August 2011. NEW YORK, June 19- U.S. I thought that would give them more pause than it did, "said Thomas Graff, fixed income portfolio manager at Brown Advisory in Baltimore.
LONDON, June 19- Britain is ready to start selling its shares in Lloyds Banking Group and will examine whether to break up Royal Bank of Scotland, Finance Minister George Osborne said on Wednesday. The government is keen to show Britain's part-nationalised banks are recovering from the 2008 financial crisis.
BOSTON, June 19- Harvard University said on Wednesday that it had hired Wall Street veteran Jake Xia as its chief risk officer to analyze and monitor investment exposure in its $30.7 billion endowment.
*Abe says door to dialogue with China open. LONDON, June 19- Japan's Prime Minister Shinzo Abe sought on Wednesday to repair some of the damage a row over disputed islands has done to its relationship with China, and said his country needed to prove his stimulus drive would not end in a debt crisis.
*Fed says risks to growth, jobs have lessened since fall. WASHINGTON, June 19- Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. central bank expects to slow the pace of its bond purchases later this year and bring them to a halt around mid-2014, comments that weighed on stocks and pushed bond yields to a 15- month high.
NEW YORK, June 19- Former NATO Supreme Allied Commander Wesley Clark has joined Blackstone Group LP as a senior adviser on energy investments.
*U.S. equities fall as Bernanke says QE could be reduced this year. NEW YORK, June 19- Bond prices and equities fell while the dollar rose on Wednesday after Ben Bernanke laid out a blueprint for how the Federal Reserve could wind down its bond purchase program.
NEW YORK, June 19- The U.S. dollar reversed early losses and rose against the euro and yen on Wednesday after the Federal Reserve's Federal Open Market Committee said it sees diminished downside risks to the outlook for the economy and the labor market.