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$A opens weaker despite Wall St surge
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 ...
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Brekkie Wrap Kim Jong-un hands out Mein Kampf NSA director says Wall St attack foiled
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 ...
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UPDATE 1-New ZealandAustralia Morning Call-Global markets
-----------------------(06:33 / 2033 GMT)----------------------- Stock Markets S&P/ASX 200 4,814.35 -11.53 NZSX 50 4,462.10 ...
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Metals decline as traders wait for Federal Reserve
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 ...
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US STOCKS-Wall St extends rise investors see no change in Fed policy
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 ...
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Rite Aid High Yield Bonds Slip After Entering Trading Market
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 ...
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Spying programs stopped NYSE bomb plot - US
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 ...
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Icahn Major bank commited $1.6 billion for Dell
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 ...
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U.S. stocks surge in anticipating Fed policy
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 ...
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Intel urges holders to reject mini-tender offer
+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 ...
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US STOCKS SNAPSHOT-Wall St advances for 2nd day Fed in focus
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 ...
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US Federal Reserve meeting keeps intl markets in check
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 ...
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Sony shares rally as Loeb ups his stake
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 ...
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Chrysler relents agrees to recall 2.7 million Jeeps
Chrysler Group reversed course and agreed to a recall of 2.7 million Jeeps Tuesday, giving in to the government's request in the final hours before a ...
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Tim Hortons being circled by Wall Street hedge funds
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 ...
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Oil futures rise before supply data
NEW YORK (MarketWatch) -- Crude-oil futures advanced Tuesday, ahead of weekly supply data and as Mideast tensions supported prices. Crude for July ...
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Gold slumps 1.2 on fears over Fed tapering
NEW YORK (MarketWatch) -- Gold futures slumped Tuesday, hitting their lowest level in nearly four weeks, on concerns the Federal Reserve will signal it is prepared to begin slowing the flow of monetary stimulus to the economy. Gold for August ...
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US STOCKS SNAPSHOT - Nasdaq rises more than 1 pct
NEW YORK, June 18 | Tue Jun 18, 2013 2:57pm EDT NEW YORK, June 18 (Reuters) - U.S. stocks added to gains in afternoon trading on Tuesday, pushing the Nasdaq up more than 1 percent, as investors were optimistic about the outlook for the Federal Reserve's economic stimulus policies. The Dow Jones industrial average was up 153.55 points, or 1.01 percent, at 15,333.40. The Standard & ...
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GLOBAL MARKETS-Stocks firm dollar rises against yen as markets await Fed
* U.S. shares climb, Fed statement due Wednesday * Dollar up against the yen for second day * Brent crude rises to hover around $106 By Leah Schnurr NEW YORK, June 18 (Reuters) - U.S. equities pushed higher on Tuesday as investors grew more confident that the Federal Reserve would temper its recent statements on the future reduction of U.S. monetary support, while still pointing to economic ...
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US Wall St. plot foiled
The director of the National Security Agency said Tuesday the U.S. government's sweeping surveillance programs have foiled some 50 terrorist plots worldwide, including one directed at the New York Stock Exchange, in a forceful defense of the spy operations. Army Gen. Keith Alexander said the two recently disclosed programs -- one that gathers U.S. phone records and another that is designed ...
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Plot against Wall Street foiled US spy chief
National Security Agency said Tuesday the US government's sweeping surveillance programs have foiled some 50 terrorist plots worldwide, including one directed at the New York Stock Exchange, in a forceful defense of the spy operations. Army Gen. Keith Alexander said the two recently disclosed programmes, one that gathers US phone records and another that is designed to track the use of ...
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U.S. stocks Bulls emboldened
housing market was mixed. The data underscored the lackluster outlook for the economy and raised hopes the flow of cheap money from the Fed will continue, said Bruce McCain, chief investment strategist at Key Private Bank. "Ultimately, prices have to rest on the fundamentals," he said. "But for now the bulls are becoming a bit more ...
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Wall Street rises on hopes of Fed status quo
NEW YORK - U.S. stocks rose on Tuesday, led by growth-oriented sectors, as Federal Reserve policymakers gathered for a two-day meeting to discuss the future of the Fed's bond-buying to stimulate the economy. With the Fed expected to maintain the current level of purchases, shares of industrial, technology and consumer discretionary companies rallied. General Electric gained 1% to $24.02 ...
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Stocks move higher on home building low inflation waiting for word from Federal Reserve
NEW YORK, N.Y. - The stock market is moving higher in midday trading after the government reported gains in home construction and low inflation. Investors are also sending stocks up because they expect the Federal Reserve will keep in place programs meant to prop up the economy. The Dow Jones industrial average was up 110 points, or 0.7 per cent, to 15,292 at noon Eastern Daylight Time ...
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Gold down more than 1 on Fed jitters equities gain
There is not much one can do than pray that the high winds of global volatility die down soon. Note, in the two previous episodes, Re fell by 20% - so far, it is down only about ...
Kyrgyzstan Featured
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Kyrgyzstan must stick to long-term development plans
While news of the political unrest and government change in early 2010 dominates the world headlines, Kyrgyzstan faces an uncertain future as long-term plans for infrastructure development are thrown into disarray and uncertainty.
Kyrgyzstan is one of the poorest countries in Central Asia and stands to benefit greatly from long-term development plans initiated under the auspices of the Central Asian Regional Economic Cooperation (CAREC) Program, if the interim government can move on from the current political crisis and stabilize the country’s economy and political future. Read more
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