TOKYO, March 7- Asian stocks rose on Friday, buoyed by Wall Street's gains the previous day, but investors remained cautious ahead of the U.S. nonfarm payrolls report later in the session.» Read More
BRUSSELS, Sept 17- EU regulators will abandon earlier plans to place commodity and financial benchmarks under the sole watch of a Paris- based regulator when they announce a legal framework to prevent price rigging on Wednesday.
LONDON, Sept 17- Four of Britain's largest institutional investors are part of a group considering suing state-owned Royal Bank of Scotland over a share offer under disgraced former Chief Executive Fred Goodwin. Prudential and Universities Superannuation Scheme were named in court on Tuesday, alongside fund majors Standard Life and Legal& General.
LONDON, Sept 17- Auto stocks dragged European shares off a five-year high on Tuesday when data showing a drop in car sales last month doused recent investor optimism on the sector. "The recovery is going to be a bit slow and a bit bumpy," said Mark Hargraves, who manages 4 billion euros for AXA Framlington. "
WASHINGTON, Sept 17- The United States could begin defaulting on its obligations between the end of October and the middle of November if Congress fails to increase the $16.7 trillion federal debt limit, Congressional Budget Office director Doug Elmendorf said on Tuesday.
NEW YORK, Sept 17- A Cayman Islands entity at the center of a U.S. investigation into possible insider trading in ketchup maker H.J.
The SEC said it had charged 23 firms for violating a rule that prohibits firms from shorting a stock within a five-day window of a public offering, and then buying the same security through the offering.
Treasury Secretary Jack Lew on Tuesday warned Congress against waiting until the last minute to raise the nation's limit on borrowing, saying a misstep could irrevocably damage the economy. "We cannot afford for Congress to gamble with the full faith and credit of the United States," Lew told the Economic Club of Washington, a business forum.
*Traders watch Russia- Belarus potash spat for oil market clues. *Oil supply threats to Belarus slow to materialise. Russia had been expected to retaliate by cutting oil supplies to Belarus, a traditional move in rows between Moscow and Minsk that would also hit refineries in Poland and Germany by emptying Belarusian transit pipelines.
*Easing tensions over Syria reduce risk premium. *Big western Libya oilfield set to resume production. NEW YORK, Sept 17- Brent crude oil continued to slide on Tuesday after its largest drop three months as a deal averting any imminent U.S. attack on Syria calmed fears of a Middle East oil supply disruption and some Libyan output resumed.
DUBAI, Sept 17- Just Falafel, a United Arab Emirates- based franchise restaurant offering the traditional Arab food, has hired an advisor to help arrange an initial public offer of shares on the Nasdaq Dubai bourse as soon as October, sources said.
MIAMI, Sept 17- One of America's landmark homes, the Miami Beach mansion that once belonged to Italian fashion designer Gianni Versace, was sold at an auction on Tuesday for $41.5 million to a business group that includes the owners of the Jordache jeans brand.
WASHINGTON, Sept 17- Twenty-two investment firms will collectively pay more than $14.4 million in sanctions to settle civil charges in connection with a broad crackdown by federal regulators into illegal short-selling practices, the U.S. Securities and Exchange Commission said on Tuesday.
LONDON, Sept 17- Auto stocks dragged European shares off a five-year high on Tuesday as data showing a drop in car sales last month doused recent investor optimism on the sector. "The recovery is going to be a bit slow and a bit bumpy," said Mark Hargraves, who manages 4 billion euros for AXA Framlington. "
**BLACKBERRY LTD, $10.61, up 2.8 pct. **KYTHERA BIOPHARMACEUTICALS INC, $42.00, up 25 pct. Over 1,000 patients from the United States and Canada were enrolled in two late-stage studies for evaluating the drug against a placebo, Kythera said.
The Census Bureau in its annual report said about 46.5 million Americans were living in poverty last year, little changed from 46.2 million in 2011.. About 48 million people were uninsured in 2012 compared with 48.6 million in 2011, a change the Census Bureau described as statistically insignificant.
Checkers, owned by private equity firm Wellspring Capital Management, has hired Piper Jaffray and Jefferies to help with the offering, the sources said. Piper Jaffray could not immediately be reached for comment.
Sept 17- Shares of Repros Therapeutics Inc jumped 33 percent, a day after the company said its experimental drug Androxal met the main goals of a key study on men with low testosterone levels.
Sept 17- A buyout firm with a record of taking troubled retailers private disclosed on Tuesday that an affiliate had taken an 8 percent stake in Aeropostale Inc, sending the struggling teen apparel retailer's shares up as much 19.5 percent.
LONDON, Sept 17- Hedge funds may be making their clients less money than mainstream financial markets, but with their portfolios increasingly seen as a safer, low-volatility option in a tough investment landscape they have more cash to manage than ever.
*MSCI world equity index rebounds slightly as Wall Street advances. NEW YORK, Sept 17- The dollar retreated and global equity markets were mostly flat on Tuesday even though Wall Street advanced, as investors took positions before this week's Federal Reserve policy meeting that is expected to start the rolling back of its stimulus program.