25/05/2013 15:32:08
25/05/2013 15:32:08
ADVFN Financial News : Breaking financial news, market insights, commentary & economic analysis from the world stock markets.
U.S. Stocks Drop on Fret Over Fed Stimulus, China DataBy Chris Dieterich and Tomi Kilgore NEW YORK--U.S. stocks joined a global selloff, opening lower as concerns that the Federal Reserve could tap the brakes on its stimulus measures mixed with fresh worry that economic growth in China is slowing. The Dow... |
Russia First Dep PM 'Satisfied' With Rosneft Approach to TNK-BP MinoritiesBy Andrey Ostroukh and James Marson MOSCOW--Russian First Deputy Prime Minister Igor Shuvalov said Thursday he was "satisfied" with OAO Rosneft's (ROSN.RS) approach to minority shareholders in OAO TNK-BP Holding (TNBP.RS). State-controlled oil giant... |
UK, France Agree to Sign up to Resources Transparency InitiativeBy Alex MacDonald LONDON--The U.K. and French governments agreed Wednesday to join a global initiative that requires oil and mining companies to comply with new disclosure measures aimed at tackling corruption, U.K. Prime Minister David Cameron said late... |
U.S. New Home Sales Rise 2.3%, Prices At Record High New Home Sales Apr Mar ! Consensus: ! Overall Sales: 454K 444Kr ! 426K ! Percentage Change: +2.3% +3.5%r ! Actual: ! Months' Supply: 4.1 4.1r ! 454K ! By Sarah Portlock and Alan Zibel WASHINGTON--New-home sales increased in April, while prices hit... |
U.S. Slaps Ban on Another Indian DrugmakerThe U.S. Food and Drug Administration slapped an import ban on Indian drugmaker Wockhardt Ltd. (532300.BY) after one of the company's plants failed an FDA safety inspection. The import ban only applies to drugs from one of Wockhardt's factories in... |
JPMorgan International Bank Fined by U.K. RegulatorLONDON--The U.K.'s financial regulator said Thursday that it had fined JPMorgan Chase & Co. (JPM) International Bank GBP3.1 million for control failings at its wealth management unit. The Financial Conduct Authority said that the failings--which... |
Freddie Mac: U.S. Mortgage Rates Rose Over Past WeekBy Lauren Pollock Average mortgage rates in the U.S. rose for the third consecutive week, potentially slowing some refinancing momentum, according to mortgage-finance company Freddie Mac (FMCC). Freddie Mac Chief Economist Frank Nothaft noted rates are... |
DJ-BTMU Barometer Posts Biggest Fall Since FebruaryThe latest Dow Jones-Bank of Tokyo-Mitsubishi-UFJ weekly business barometer dropped again in the latest week by the largest amount since the winter, according to data released Thursday. The barometer fell 0.5% in the week ended May 11 after a revised 0.3... |
EUROPE MARKETS: Europe Stocks Slide After China Data, Fed CommentsBy Sara Sjolin, MarketWatch LONDON (MarketWatch) -- European stock markets traded with sharp losses on Thursday, after disappointing data from China and comments from the U.S. Federal Reserve about tapering its stimulus program stoked worries about slower... |
Lloyds Bank Looks to Sell $8.7 Billion US Mortgage Portfolio - SourceBy Margot Patrick, Max Colchester and Al Yoon Lloyds Banking Group PLC (LYG) is looking to auction about $8.7 billion of U.S. mortgage securities, a person with knowledge of the offering said. The assets are a mixture of risky non-government residential... |
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