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FTSE sets new 13-year high
London - Growth sensitive sectors drove Britain's top share index to fresh 13-year highs, receiving a boost after the top US central banker reaffirmed his commitment to continued ...
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Euro Zone Deficits Are Narrowing Thanks To Lack Of Borrowing Sources And Exports
Euro zone countries hit hardest by the sovereign debt crisis have significantly narrowed their deficits over the past year, as sign that - despite the social unrest and steep cuts to social spending in countries including Greece and Spain - austerity is having the desired effect in terms of account ...
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‘I have not done anything wrong’
Lois Lerner, the Internal Revenue Service official in charge of approving applications for tax-exempt status, denied wrongdoing in response to accusations that the IRS targeted conservative organizations seeking nonprofit status for heavier scrutiny between 2010 and 2012. "I have not done anything wrong," Lerner told the House Oversight Committee during a hearing about the IRS' ...
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New Issue-KDB prices 500 mln euro 2018 bond
Wed May 22, 2013 12:39pm EDT May 22 (Reuters) -Following are terms and conditions of a bond priced on Wednesday. Borrower Korea Development Bank (KDB) Issue Amount 500 million ...
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Fiat Industrial says 500 million euro tax loss reports false
FIA.MI ) said reports that Italy would lose more than 500 million euros in tax receipts as a result of its moving fiscal domicile to the UK after a merger with unit CNH ...
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Turkish dollar euro debt to join some Barclays global indices June 1
LONDON | Wed May 22, 2013 12:32pm EDT LONDON May 22 (Reuters) - Turkish sovereign dollar- and euro-denominated bonds will join a group of Barclays global indices on June 1, following Moody's decision last week to award the country its second investment grade credit rating. Barclays will include 24 Turkish sovereign hard currency bonds with a market value of $57.2 billion in its ...
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German-French plan to help jobless
unemployment has become a pressing problem in many countries as economic belt-tightening continues.The German-French initiative comes at a time when both governments are under pressure: Germany faces criticism of its austerity-heavy remedy for Europe's debt crisis, while France has gone ...
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Vanguard chooses FTSE indexes for 4 new ETF equity funds
BOSTON | Wed May 22, 2013 11:39am EDT BOSTON May 22 (Reuters) - Vanguard Group, one of the largest managers of exchange-traded funds, will use stock market indexes from FTSE Group for four new funds based in Ireland, the companies said on Wednesday. Vanguard, which oversees about $288 billion in ETFs, said it would use indexes from FTSE for Irish-domiciled funds covering developed ...
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IRS official refuses to answer questions at scandal hearing
View Photo Reuters/Reuters - U.S. Director of Exempt Organizations for the Internal Revenue Service, Lois Lerner, takes her seat before a House Oversight and Government Reform Committee hearing on alleged targeting ...
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Artist Ai Weiwei uses music to mock state power in China
View Photo Associated Press - Artist Ai Weiwei speaks to journalists at his studio in Beijing, China, Wednesday, May 22, 2013. Ai's music video accompanying his heavy metal single "Dumbass'' released Wednesday ...
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Dubai authorities seize shipment of 259 elephant tusks
IFAW ) said in a statement that the container came from Mombasa in Kenya. Poaching has risen in recent years across sub-Saharan Africa, where well-armed criminal gangs have killed elephants and rhinos for tusks that are often shipped to Asia for use in ornaments and some medicines. The UAE ministry said the shipment, containing 259 pieces of ivory, was discovered by customs officials ...
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Bernanke offers no hint of pullback in Fed stimulus
Chairman of the Federal Reserve Bank Ben Bernanke attends the Treasury Department's Financial Stability Oversight Council in Washington April 25, ...
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U.S. Senate leader eases pressure on Myanmar
Thein Sein and said he's seen significant progress in political and economic reforms. However, he also said he had concerns about the security situation in Myanmar. McConnell, R-Ky., who sponsored legislation that placed economic sanctions on Myanmar, said he wasn't going to press the issue further because of political reforms. "I will not be making an effort to renew those ...
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Euro falls to session low vs dollar
NEW YORK | Wed May 22, 2013 11:06am EDT NEW YORK May 22 (Reuters) - The euro fell to a session low against the dollar on Wednesday after Federal Reserve Chairman Ben Bernanke warned that holding interest rates too low for too long has its risks. Trading was volatile with investors first selling, then buying the dollar as they digested Bernanke's testimony to Congress. The euro was ...
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Monaco €1 billion reclamation plan for luxury homes district
Monaco plans to reclaim six hectares of land from the Mediterranean to build a new district of luxury apartment blocks, shops and offices. Patrice Coppee / ...
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European Union Leaders Meet on Tax Avoidance
BRUSSELS -- European Union leaders gathered here Wednesday for a one-day meeting focused on tax avoidance, amid mounting indignation over reports that American companies including Apple had sheltered profits in member states like ...
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FBI kills man suspected of ties to Boston bomb suspect
Boston Marathon bombings early on Wednesday, NBC News reported.NBC said the suspect was being questioned and was originally cooperative, but was fatally shot after attacking the ...
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Wall St opens higher ahead of Ben Bernanke testimony
22 May 2013 US stocks edged higher at the open on Wednesday, ahead of highly anticipated testimony in Congress by Federal Reserve Chairman Ben Bernanke on the economy and monetary ...
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FOREX-Dollar declines vs euro before Bernanke testimony
* Dollar eases, investors await Bernanke for cues * BOJ upgrades economic assessment, stands pat as expected * Euro hits 3-1/2 year high vs yen, 2-year peak against Swissie NEW YORK, May 22 (Reuters) - The dollar fell against the euro for a third day on Wednesday as investors trimmed their bets on ...
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Iberdrola Said to Lower Borrowing Costs on 3 Billion-Euro Loan
Iberdrola SA (IBE) got lender backing to increase a 1.5 billion-euro ($1.9 billion) credit line by 750 million euros and reduce a more expensive term loan by the same amount, according to a person familiar with the matter. The Spanish utility, which is facing declining revenues in its domestic ...
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FTSE dips below 6800 Lloyds boosted by regulator
12:42pm BST The FTSE 100 retreated from the 13-year high it closed at last night after minutes from the Bank of England showed the monetary policy committee remains opposed to extending quantitative easing, or money printing, to boost the economy. The blue chip index gave up 14 points or 0.2% to ...
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Tornando survivors try to recover
A group of men pray with tornado survivor Tim Wardwell. (Jason Sickles/Yahoo News) MOORE, Okla. -- Atop a pile of rubble that had been his home, Tim Wardwell choked back tears. A group of strangers prayed with him and gave thanks that he wasn't among the 24 tornado fatalities. "I don't know how I'm here, dude," Wardwell told Yahoo News. Wardwell and his wife, Kelsey, ...
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Obesity costing Irish economy more than €1bn per year
Leading health experts say obesity is costing the Irish economy more than EUR1bn every year. That is according to data being examined at a conference at the Royal College of Physicians of Ireland in Dublin today. More than 60% of Irish people are now overweight or obese, an issue delegates say is causing a number of diseases including diabetes, heart disease and multiple types of cancer. Dr Anne ...
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Euro climbs to one-week high vs dollar ahead of Bernanke
NEW YORK | Wed May 22, 2013 9:53am EDT NEW YORK May 22 (Reuters) - The euro climbed to a one-week high against the dollar and a fresh 3-1/2-year high against the yen on Wednesday ahead of testimony from U.S. Federal Reserve Chairman Ben Bernanke. The euro was last up $1.2949, up 0.3 percent after climbing as high as $1.2958. The euro rose as high as 133.45 yen . Bernanke testifies to ...
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Credit rating firms sow doubt on euro zone bond rally
By Marius ZahariaLONDON (Reuters) - Credit rating firms say they could further downgrade the ratings of highly indebted euro zone countries, putting their bonds at risk of being pitched out of global indexes and reversing a fall in their borrowing costs.The view from the rating firms contrasts with the sanguine attitude of investors who, flush with central bank cash and reassured by the European ...
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