Why catastrophe bonds could be coming to Canada

The Globe and Mail - Tuesday 18th June, 2013

Streetwise gives you the full scoop on business deals and Canada's finance and capital market sectors. Through daily updates, our dedicated team of award-winning Globe and Mail journalists set the agenda and ensure you get exclusive and must-have business intelligence and analysis every day. The most informed Globe and Mail readers access Streetwise every day. Why don't ...

Wall Street Rises on Fed Hopes Dollar Gains on Yen Health-Care Cost Inflation to Stunt in 2014

Human Events - Tuesday 18th June, 2013

Wall Street Rises on Hopes for Fed Status Quo, Outcome Uncertain (Reuters) Stocks soared today due to growth-oriented sectors rallying on expectations that the Fed will maintain its current level of bond purchases when it issues its policy statement tomorrow. The Fed began its two-day meeting today, and traders are still debating whether the Fed will begin to wind down its purchases of $85 ...

Wall Street Journal Columnist Calls Allegations Of Sexual Assault ‘A He-SaidShe-Said Dispute’

ThinkProgress - Tuesday 18th June, 2013

an op-ed for the Wall Street Journal on Monday night, detailed a set of allegations of sexual assault in the military before concluding that they amounted to a ';he-said/she-said dispute'; that only revealed ';a political campaign against sexual assault in the military that shows signs of becoming an effort to criminalize male sexuality.'; All of it, he argues, amounts to a ...

NewsWatch How to trade the Federal Reserve decision

Market Watch - Tuesday 18th June, 2013

The main question hanging over financial markets right now is when and how the Federal Open Market Committee may change its monetary policy in coming months. That's why Wednesday is shaping up to be a big markets day and MarketWatch reporters analyzed how various asset classes may react depending on the message the Fed sends to the financial ...

U.S. crude-oil stocks fall by 4.3 mln barrels API

Market Watch - Tuesday 18th June, 2013

NEW YORK (MarketWatch) -- U.S. crude supplies dropped by 4.3 million barrels for the week ended June 14, according to data from the American Petroleum Institute issued late Tuesday. A Platts survey of analysts forecast a 1 million-barrel decline. Gasoline inventories increased by 900,000 barrels, while distillate stockpiles dipped by 600,000 barrels. Analysts were looking for a rise of 1.2 ...

Adobe profit falls but earnings beat Street

Market Watch - Tuesday 18th June, 2013

SAN FRANCISCO (MarketWatch) - Adobe Systems Inc. on Tuesday reported a fiscal second-quarter profit of $76.55 million, or 15 cents a share, compared with a profit of $223.88 million, or 45 cents a share, for the year-earlier period. Revenue fell to $1.01 billion from $1.12 billion. Adjusted profit was 36 cents a share. Analysts polled by FactSet on average were expecting the business software ...

Google cites 1st Amendment in transparency push

Market Watch - Tuesday 18th June, 2013

+1.62% on Tuesday petitioned a court to let it publish separately national security government user-data requests, citing its rights under the First Amendment. The move expands on Google's earlier request to publish government data requests under the Foreign Intelligence Surveillance Act as part of its regular transparency report. "Greater transparency is needed," Google said in a ...

$A opens weaker despite Wall St surge

The West Australian - Tuesday 18th June, 2013

The Australian dollar is weaker despite a firmer finish on Wall Street.At 0632 AEST on Wednesday, the local unit was trading at 94.81 US cents, down from 94.92 cents on Tuesday.US stocks closed firmer, as the US Federal Reserve kicked off its Federal Open Market Committee meeting that will decide whether to continue its stimulus measures.Investors in recent weeks have speculated the Fed will ...

Brekkie Wrap Kim Jong-un hands out Mein Kampf NSA director says Wall St attack foiled

AdelaideNow - Tuesday 18th June, 2013

NORTH Korean leader Kim Jong-un is handing out copies of Adolf Hitler's Mein Kampf in an effort to sow fear among top officials. Kim reportedly handed out copies of Mein Kampf to mark his birthday, but North Korea-watchers believe the move is part of an effort to make him seem powerful, rather than drawing on Nazi beliefs."One source says there have been many overt attempts to imbue Kim ...

UPDATE 1-New ZealandAustralia Morning Call-Global markets

Reuters - Tuesday 18th June, 2013

-----------------------(06:33 / 2033 GMT)----------------------- Stock Markets S&P/ASX 200 4,814.35 -11.53 NZSX 50 4,462.10 ...

Metals decline as traders wait for Federal Reserve

Miami Herald - Tuesday 18th June, 2013

Metal prices fell as traders anticipate that the Federal Reserve may start easing its support for the economy.The price of gold for August delivery fell $16.20, or 1.2 percent, to $1,366.90 an ounce. Palladium and silver also declined. Only platinum bucked the trend and edged higher.The central bank will end its two-day policy meeting Wednesday. Until this year, the Fed's bond-buying ...

US STOCKS-Wall St extends rise investors see no change in Fed policy

Reuters - Tuesday 18th June, 2013

Tue Jun 18, 2013 4:33pm EDT * Fed expected to try to soothe markets over stimulus * Industrial and tech shares rally, 3M at 52-week high * Boeing shares hit 5 1/2-year high * Indexes up: Dow 0.9 pct, S&P 0.8 pct, Nasdaq 0.9 pct By Ryan Vlastelica NEW YORK, June 18 (Reuters) - U.S. stocks advanced for a second straight day on Tuesday as investors bet the Federal Reserve would temper statements ...

Rite Aid High Yield Bonds Slip After Entering Trading Market

Forbes - Tuesday 18th June, 2013

6.75% notes due 2021 freed to trade in a par-issuance context this afternoon, but market players relay paper changing hands at 99.125-99.25 soon thereafter. Pricing was at the middle of talk, through the wider end of pre-marketing whispers, and the trades that cleared put yield-to-worst at roughly ...

Spying programs stopped NYSE bomb plot - US

CNN Money - Tuesday 18th June, 2013

The deputy director of the FBI claimed Tuesday that a controversial electronic surveillance program revealed in media reports earlier this month helped thwart a plot to blow up the New York Stock ...

Icahn Major bank commited $1.6 billion for Dell

Market Watch - Tuesday 18th June, 2013

SAN FRANCISCO (MarketWatch) - Billionaire investor Carl Icahn on Tuesday said a "major investment bank" is willing to commit $1.6 billion to his buyout plan for Dell ...

U.S. stocks surge in anticipating Fed policy

Market Watch - Tuesday 18th June, 2013

NEW YORK (MarketWatch) - U.S. stocks on Tuesday extended strong gains into a second day as Wall Street embraced what's expected to be soothing words from Federal Reserve Chairman Ben Bernanke. "When they [the Federal Open Market Committee] see sustained improvement in employment conditions, that's when they will do something about reducing their asset purchases," Hugh ...

Intel urges holders to reject mini-tender offer

Market Watch - Tuesday 18th June, 2013

+1.45% on Tuesday urged the chip maker's shareholders to reject a "mini-tender offer" from TRC Capital that sought to buy up to 4 million shares of the company at $23.75 a share. Intel said it does not endorse the tender offer, which it noted was roughly 5% below Intel's closing share price of $24.99 on June 13, the day before the offer began. Intel shares were last trading ...

US STOCKS SNAPSHOT-Wall St advances for 2nd day Fed in focus

Reuters - Tuesday 18th June, 2013

NEW YORK, June 18 | Tue Jun 18, 2013 4:05pm EDT NEW YORK, June 18 (Reuters) - U.S. stocks advanced for a second straight day on Tuesday as investors bet the Federal Reserve would temper recent statements that were interpreted as meaning an early reduction of stimulus efforts. The Dow Jones industrial average was up 138.76 points, or 0.91 percent, at 15,318.61. The Standard & Poor's ...

US Federal Reserve meeting keeps intl markets in check

The China Post - Tuesday 18th June, 2013

LONDON/ HONG KONG--Stocks edged higher on Tuesday ahead of a two-day policy meeting of the U.S. Federal Reserve that could have a huge influence on how investors see the future path of the country's monetary ...

Sony shares rally as Loeb ups his stake

CNN Money - Tuesday 18th June, 2013

SNE ), but not good enoughyet. That's the latest message from Dan Loeb, the firebrand hedge fund manager known for vociferously agitating for changes at some of the world's largest tech firms. In a sign of "increased confidence," Loeb's Third Point hedge fund increased its stake in Sony to 70 million shares, or roughly 7%, from 6% in ...

Tim Hortons being circled by Wall Street hedge funds

CBC News - Tuesday 18th June, 2013

At least two groups of American hedge funds have bought large chunks of Tim Hortons shares recently, a sign the activist investors want to push the company to make major changes to its business, or possibly give up some control over the company. In a regulatory filing Tuesday, New York-based Scout Capital Management LLC revealed it recently bought 6.1 million shares in Tim Hortons, bringing its ...

Oil futures rise before supply data

Market Watch - Tuesday 18th June, 2013

NEW YORK (MarketWatch) -- Crude-oil futures advanced Tuesday, ahead of weekly supply data and as Mideast tensions supported prices. Crude for July ...