BRENT CRUDE OIL FALLS BELOW $74 PER BARREL AFTER OPEC MEETING@. CALGARY, Alberta, Nov 27- Brent crude oil futures fell below $74 per barrel on Thursday after the producer group OPEC decided not to cut crude production despite global oversupply. Brent dropped to $73.80 a barrel, its lowest since August 2010, before paring losses to last trade down $3.71 on the day at...» Read More
*34 new commodity funds through May, lowest since H1 2006. *Only two new "discretionary" funds, both by same trader. NEW YORK, June 24- Commodity fund launches have slowed dramatically, heading for an eight-year low, data from industry tracker Preqin showed, after years of weak returns and some high-profile fund failures in the commodities sector.
The estimate reinforces concerns about weak business travel during the World Cup raised by executives of Brazil's two biggest airlines, Gol Linhas Aereas SA and the TAM division of Latam Airlines Group SA.
BELFORT, France, June 24- In a joint trip to the eastern town of Belfort that is the cradle of their cooperation in France, the bosses of Alstom and General Electric defended their tie-up as good for business, jobs and France.
June 24- Walgreen Co, the largest U.S. drugstore operator, withdrew its profit and revenue forecasts for 2016, saying it had yet to work out several aspects of its planned acquisition of European drug retailer Alliance Boots Holdings Ltd..
LONDON, June 24- Multinational companies will not be given too much power by a trade agreement between the European Union and the United States, the EU's trade chief said on Tuesday, seeking to reassure consumer and environmental groups opposed to the pact.
Consumer confidence at highest level since January 2008. WASHINGTON, June 24- U.S. consumer confidence jumped to its highest level in nearly 6-1/ 2 years in June and sales of new homes surged in May, the latest signs that the economy has regained momentum.
GENEVA, June 24- Global foreign direct investment will rise 12.5 percent to $1.62 trillion this year as the economic recovery tempts China, private equity and big companies to spend their warchests, a U.N. survey said on Tuesday.
WASHINGTON, June 24- AT&T Inc's proposed merger with DirecTV does not compare with other mergers shaking up the telecommunications industry because the companies largely provide different services, AT&T's chief executive told lawmakers on Tuesday.
BISMARCK, North Dakota, June 24- Enterprise Products Partners LP said on Tuesday it will build a 1,200- mile pipeline from North Dakota's Bakken oil fields to Cushing, Oklahoma.
Debt chiefs for Spain, Italy and Portugal attending a bond market conference in London all sounded bullish on their fundraising prospects after a market rally that has driven interest rates for governments to record lows in recent months.
WASHINGTON, June 24- A GlaxoSmithKline Plc plant in Canada that makes the flu vaccine Flulaval has been cited by the U.S. Food and Drug Administration for failing to meet quality control standards.
*Syngenta declines to comment on report of Monsanto talks. ZURICH, June 24- Syngenta's shares jumped on Tuesday after a media report that the Swiss crop chemical maker had been in talks about a $40 billion takeover by U.S. rival Monsanto Co to create the world's largest agrochemical company.
June 24- Carnival Corp, the world's largest cruise operator, forecast an adjusted profit below market estimates for the current quarter, blaming increased competition in the Caribbean.
NEW YORK, June 24- Bernard Madoff's former accountant pleaded guilty on Tuesday to helping the convicted swindler perpetrate his massive Ponzi scheme. Paul Konigsberg, 78, a former senior tax partner at Konigsberg Wolf& Co, pleaded guilty to one count of conspiracy and two counts of falsifying the records of a broker-dealer before U.S.
NEW YORK, June 24- Brent crude resumed its upward trend, climbing above $114 a barrel on Tuesday, as it received support from fighting in Iraq, supply disruption in Libya and expectations of a decline in U.S. crude inventories.
*Colruyt down; warns of tough year ahead after profit fall. *Syngenta surges on report of Monsanto bid interest. LONDON, June 24- European shares lost ground on Tuesday, with Belgian retailer Colruyt among the biggest fallers on downbeat earnings, while the broader market was unable to gain traction from new signs of corporate takeover activity.
*S&P 500 hits intraday record, continues recent strength. NEW YORK, June 24- U.S. stocks rose on Tuesday, boosted by some strong data while the Nasdaq outperformed thanks to gains in technology and biotech shares. Consumer confidence hit its highest level since January 2008 in June, while new home sales jumped 18.6 percent to a six-year high in May.
NEW YORK, June 24- Bernard Madoff's former accountant pleaded guilty on Tuesday to helping the convicted swindler perpetrate his massive Ponzi scheme. Paul Konigsberg, a former senior tax partner at Konigsberg Wolf& Co, pleaded guilty to one count of conspiracy and two counts of falsifying the records of a broker-dealer before U.S.
After bond buyers last week shrugged off concerns about militant attacks in Kenya and Ecuador's serial defaults, it seems unlikely that bond issues from Russia's mighty state-run companies can fail.
"I haven't seen a cash vehicle coming out this way in a long time," said Mohamed Moosa, who runs a general store in Marikana, a town 120 km northwest of Johannesburg that has been at the center of the longest strike in South African history.