Feb 12- Now markets have delivered their verdict on inflation- it's not picking up any time soon- economic data due next week will show whether price pressures are rising meaningfully or falling back in some of the world's major economies. Sweden's Riksbank also slashed its repo rate to -0.50 percent on Thursday, partly as insurance against expectations that...» Read More
VERKHNYAYA SINYACHIKHA, Russia, Nov 5- Factory smokestacks tower over weathered wooden houses in this provincial Russian town, part of the industrial heartland that helped propel Vladimir Putin into the presidency.
*New York schools reopen, many people still without power. NEW YORK, Nov 5- A week after superstorm Sandy wreaked havoc on New York City and the surrounding area, schools were set to reopen on Monday and life expected to slowly return to normal for many, but close to 2 million people still have no power as cold weather sets in.
*Signs of housing slowdown evident across Canada. TORONTO, Nov 5- Long convinced the country's housing boom would never end in a crash, Canadians have watched this autumn as a sharp slowdown in real estate spreads across the country, leaving would-be home buyers hopeful and sellers scared.
SINGAPORE, Nov 5- Singapore's Keppel Corp Ltd, the world's largest oil rig builder, said its unit agreed with Norway's Golar LNG Ltd to work on the conversion of up to three liquefied natural gas vessels into floating LNG vessels. Keppel did not give a value in its statement.
*MSCI Asia ex- Japan falls, Nikkei drops 0.5 pct. U.S. stock futures suggested a firm Wall Street start, with a 0.2 percent rise, but European shares were seen falling, with financial spreadbetters expecting London's FTSE 100, Paris's CAC-40 and Frankfurt's DAX to open down as much as 0.5 percent.
*PBOC sets weaker midpoint for third day. SHANGHAI, Nov 5- China's central bank set the yuan midpoint weaker for the third consecutive trading day on Monday, but customers continued to unload dollars, causing the spot rate to repeatedly bump into the limit of its trading band.
SINGAPORE, Nov 5- Brent crude edged above $106 per barrel on Monday as a more than 2 percent drop on Friday attracted some buyers, although investors remained focused on the U.S. presidential elections and demand worries.
NEW YORK, Nov 5- On the 19th floor of Consolidated Edison's Manhattan headquarters, the veteran lineman briefing a roomful of 100 out-of-town utility workers had a lot of advice, from the practical to the profane. It was familiar patter for Glenn Nicholas and his co-workers from New Orleans, who had been to New York before to train with Con Edison.
*Barclays traders' ``unfortunate'' emails don't match trades-source. NEW YORK, Nov 5- British bank Barclays is set to fight a potentially record $470 million penalty from U.S. energy regulators by arguing its traders were guilty of braggadocio, not of rigging California electricity prices.
*Foxconn surges more than 30 pct after Citigroup upgrade. HONG KONG, Nov 5- Hong Kong shares eased slightly on Monday, as caution ahead of the U.S. presidential elections spurred mild profit-taking after a strong run-up last week lifted the local benchmark to a 15- month high.
SYDNEY, Nov 5- Australia's Federal court issued a landmark judgment on Monday that Standard& Poor's misled investors by giving its highest rating to derivatives that lost almost all their value in the run-up to the 2008 global economic crisis.
MEXICO CITY, Nov 4- Leading world economies pressed the United States on Sunday to act decisively to avert a rush of spending cuts and tax hikes, warning that the so-called fiscal cliff is the biggest short-term threat to global growth.
MEXICO CITY, Nov 4- China will continue to buoy the global economy even if the Asian giant's growth stabilizes at current levels of 7-8 percent a year, Australian Treasurer Wayne Swan said on Sunday. Australia is heavily dependent on China as a buyer for its commodity exports and recent upbeat data has fanned hopes that China's economy may be picking up.
*Colonial Pipeline: commercial power restored at Linden. *Fuel shortages remain in New York and New Jersey. NuStar Energy LP, whose Linden terminal had sustained severe damages after Sandy, said it hoped to restore pipeline and barge deliveries ``very soon.''.
TOKYO, Nov 5- Toyota Motor Corp is set to lift its annual operating forecast to around 1.05 trillion yen from 1.00 trillion yen for its current fiscal year, public broadcaster NHK said on Monday, citing unidentified sources.
MEXICO CITY, Nov 4- Finance chiefs of leading economies pressed the United States on Sunday to avert a rush of spending cuts and tax hikes that could hurt global output next year, though some countries still saw Europe's debt crisis as the No. 1 danger.
TOKYO, Nov 5- Japan's Nikkei average is expected to open lower on Monday, tracking weakness on Wall Street despite better-than-expected U.S. jobs data, although a softer yen is likely to limit losses for exporters.
NEW YORK, Nov 4- About 1.9 million homes and businesses remained in the dark on Sunday as the pressure mounted on power providers to restore electricity to areas hit hardest by Hurricane Sandy nearly a week ago. In New York, utilities came under increasing pressure to restore heat and light to some 650,000 customers.
NEW YORK, Nov 4- The American Red Cross said on Sunday it regrets not responding sooner to areas on the U.S. East Coast hardest hit by superstorm Sandy and is working aggressively to distribute food, water and other supplies to victims across New York and New Jersey. The delay in relief response from the Red Cross has been widely criticized by politicians.
NEW YORK, Nov 4- Almost 200,000 suburban New York City commuters, most in New Jersey, face another work week without easy rail connections because of storm damage so severe that experts say it will take months before full service can be restored. Hurricane Sandy severed train connections for an estimated 435,000 daily commuters in the New York City suburbs.