SHANGHAI, May 25- Chinese Premier Li Keqiang criticised the European Union over its plans to investigate alleged anti-competitive behaviour by Chinese mobile telecom equipment makers and to impose punitive import duties on solar panels from China, state media reported.» Read More
But when Chicago Federal Reserve Bank President Charles Evans first publicly urged using such benchmarks more than a year ago, he was the one who was alone.
SAO PAULO, Dec 12- Brazilian jet maker Embraer SA aims to rebuild its depleted order backlog next year with two major new offerings-- a military cargo plane and a re-engined family of regional jets-- executives said on Wednesday.
January crude rose 98 cents, or 1.14 percent, to settle at $86.77 a barrel, having traded from $85.68 to $87.68.
COPENHAGEN, Dec 12- Danish pharmaceutical group H Lundbeck A/S said on Wednesday the U.S. Food and Drug Administration has accepted the submission of a new drug application for an antidepressant.
*Third consecutive world sugar surplus weighs. NEW YORK/ LONDON, Dec 12- Raw sugar futures and arabica coffee on ICE slipped to the lowest level in more than two years in heavy volume on Wednesday, with both markets weighed down by surplus supplies, ignoring the firm commodity complex.
NEW YORK, Dec 12- Industrial machinery maker SPX Corp has outbid private equity firms competing to buy Gardner Denver Inc by a wide margin, offering to pay more than $4 billion for the rival, according to two people familiar with the matter.
DUBAI, Dec 12- The United States and its allies clashed with a Russian-led bloc in talks over a new United Nations telecoms treaty on Wednesday, threatening a compromise proposal that had aimed to settle thorny issues of how to govern the Internet.
NEW YORK, Dec 12- Treasuries prices fell on Wednesday and 30- year bonds slumped after the Fed said it would shift more purchases to the five-year sector in a new easing program, with expectations the move would boost the economy and thus help riskier assets such as stocks.
WASHINGTON, Dec 12- These are strange times to be moving your money around.
*Dow up 0.5 pct; S&P 500 up 0.6 pct; Nasdaq up 0.3 pct. NEW YORK, Dec 12- U.S. stocks rose to seven-week highs on Wednesday after the U.S. The S&P 500 ticked up as high as 1438. 59, its highest intraday level since October 22, with all 10 industry sectors in positive territory.
Dec 12- To say taxpayers made money from their investment in AIG is to libel the very concept of profit. The Treasury Department announced on Tuesday it would get $7.6 billion from the sale of its remaining government-owned shares in American International Group, taking it to what was widely reported to be a profit of $22.7 billion on the bailout.
NEW YORK, Dec 12- STMicroelectronics NV may not disclose details about its plan to exit its wireless chip venture with Ericsson until as late as the second quarter of 2013, STMicroelectronics' top executive said Wednesday.
*Fed makes new rate pledge, pledges more stimulus. NEW YORK, Dec 12- U.S. stocks rose and the euro jumped against the dollar on Wednesday after the Federal Reserve ramped up its monetary stimulus and took the unprecedented step of saying it would keep interest rates near zero until the jobless rate falls sharply.
GENEVA, Dec 12- Panama filed a complaint against Argentina at the World Trade Organization on Wednesday, in the latest of a string of cases accusing it of imposing unfair restrictions on imports. They filed cases against Argentina earlier this year alongside Japan and Mexico.
*Previously planned to sell 10.1 mln shares at $13- $15. Dec 12- SolarCity Corp, the top U.S. installer of residential solar systems, slashed the expected price of its initial public offering and said it would sell more shares a day after an underwriter said the deal had been postponed.
NEW YORK, Dec 12- Gold rose on Wednesday as its inflation-hedge appeal received a boost after the U.S. It committed to monthly purchases of $45 billion in Treasuries on top of the $40 billion per month in mortgage-backed bonds it started buying in September.
Long-term Treasury purchases to start at $45 bln per month in 2013. NEW YORK, Dec 12- The euro extended its gains against the U.S. dollar on Wednesday after the Federal Reserve, as expected, left benchmark U.S. interest rates unchanged and said it would extend its bond- buying economic stimulus program into 2013..
*OPEC retains 30 million bpd output target. NEW YORK, Dec 12- Oil prices rose sharply on Wednesday, with Brent crude pushing above $110 a barrel, boosted by U.S. Brent January crude rose $2.27 to $110.28 a barrel by 1 p.m. EST, having swung from $108.14 to $110.50.
*France, Germany advance towards compromise on scope of ECB role. BRUSSELS, Dec 12- European governments neared a deal on Wednesday to give the European Central Bank new powers to supervise banks across the bloc after Germany signalled a readiness to compromise on the scope of the ambitious financial reform.
NEW YORK, Dec 12- U.S. By having a relatively high threshold at 6.5 percent unemployment, it is really an unchanged policy stance, "said Ira Jersey, an interest rate strategist, Credit Suisse, New York."