LATEST NEWS
 



 Whats going on (Yahoo News)
BUSINESS CHANGE NEWS
Democrats push toward Sunday vote on health care (AP)

Clinic workers hold signs and chant during a rally in support of US President Barack Obama's health care reform package in Oakland, California, on March 17. US President Barack Obama on Thursday scrapped a planned trip to Asia in favor of making an 11th-hour drive to see his historic health care overhaul through a cliffhanger Sunday vote.(AFP/Getty Images/File/Justin Sullivan)AP - Slowly but steadily, support is building behind President Barack Obama's health care legislation in the House, the result of intense lobbying and politically targeted changes aimed at reassuring waverers and winning over critics.


Upbeat Lloyds Bank gives world markets a boost (AP)

FILE - In this Tuesday, March 16, 2010 file photo, traders work on the floor of the New York Stock Exchange in New York. Stocks are trading in a narrow range Thursday, March 18, after a fresh batch of economic reports showed the economy continues to slowly regain its strength. (AP Photo/Seth Wenig, File)AP - British stocks led Friday's advance in global markets after the part-nationalized Lloyds Banking Group issued a buoyant trading update, but the euro continued to founder amid renewed fears about Greek debt crisis.


IMF: Europe needs plans for bank collapse (AP)
AP - The head of the International Monetary Fund says the European Union needs to come up with "a fire brigade" to deal with the collapse of banks that operate across several countries.
ECB's Trichet warns of speculative debt trading (AP)

President of the European Central Bank Jean Claude Trichet pauses before speaking during a meeting on 'Building a Crisis Framework for the Internal Market' at EU headquarters in Brussels, Friday March 19, 2010. In a Friday speech, European Central Bank President Jean Claude Trichet said the credit default swaps market needs to be more transparent to regulators and investors. EU regulators have threatened to ban the use of the naked credit default swaps on government debt to prevent investors buying swaps and they blame swaps traders for unfairly increasing pressure on Greek borrowing costs. (AP Photo/Virginia Mayo)AP - The European Central Bank's chief warned Friday that credit default swaps "should not be misused in a speculative manner," backing European leaders eager to curb market pressure on government debt.


Illinois high court yanks hospital's property tax break (Reuters)
Reuters - An Illinois hospital lost its property tax exemption on Thursday, ending a long-fought battle watched by nonprofit hospitals concerned about greater scrutiny of their charity care.
EU chief calls for quick deal to help Greece (AP)
AP - European Commission President Jose Manuel Barroso says the EU needs to agree as soon as possible on a mechanism to support Greece financially if needed.
FTSE 100 stocks dip at open (AFP)

Leading shares dipped at the open as profit-takers moved to cash in on the previous day's gains.(AFP/File/Ben Stansall)AFP - Leading shares dipped at the open on Thursday as profit-takers moved to cash in on the previous day's gains.


Obama signs multibillion-dollar jobs bill (AFP)

US President Barack Obama signs the HIRE Act, a 17.6 billion dollar jobs bill that encourages businesses to hire workers, alongside lawmakers during a ceremony in the Rose Garden at the White House in Washington, DC on Thursday. The legislation includes tax breaks for businesses that hire new workers and infrastructure investments.(AFP/Saul Loeb)AFP - President Barack Obama offered hope Thursday that the faltering US economy will soon create more jobs, as he signed a multibillion-dollar employment package to aid the fragile recovery.



STOCKS NEWS
Upbeat Lloyds Bank gives world markets a boost (AP)

FILE - In this Tuesday, March 16, 2010 file photo, traders work on the floor of the New York Stock Exchange in New York. Stocks are trading in a narrow range Thursday, March 18, after a fresh batch of economic reports showed the economy continues to slowly regain its strength. (AP Photo/Seth Wenig, File)AP - British stocks led Friday's advance in global markets after the part-nationalized Lloyds Banking Group issued a buoyant trading update, but the euro continued to founder amid renewed fears about Greek debt crisis.


Stock futures in narrow range ahead of opening (AP)

Traders work on the floor of the New York Stock Exchange, February 5, 2010. REUTERS/Brendan McDermidAP - Stock futures traded in a narrow range Friday, a day after the Dow Jones industrial average finished higher for an eighth straight day.


Stock futures signal mixed open; Palm eyed (Reuters)

Traders work on the floor of the New York Stock Exchange, February 5, 2010. REUTERS/Brendan McDermidReuters - Stock index futures pointed to a mixed opening on Friday, with futures for the S&P 500 down 0.02 percent, Dow Jones up 0.1 percent and Nasdaq 100 down 0.01 percent at 1008 GMT (6:08 a.m. ET).


London shares rise at open (AFP)

Leading shares rose in opening deals on Friday, following strong overnight performances in Asia and mixed results on Wall Street.(AFP/File/Shaun Curry)AFP - Leading shares rose in opening deals on Friday, following strong overnight performances in Asia and mixed results on Wall Street.


Gabelli's son wins dismissal of much of SEC case (Reuters)
Reuters - The son of prominent investor Mario Gabelli has won the dismissal of large parts of a U.S. Securities and Exchange Commission lawsuit alleging securities fraud related to market timing.
Summary Box: Dow posts 8th gain on mixed data (AP)
AP - DOW EXTENDS ITS RUN: The Dow Jones industrial average rose for the eighth straight day, its longest streak of gains since August.
How the major stock indexes fared on Thursday (AP)
AP - Major stock indexes ended mixed Thursday on more evidence that the economy is regaining strength at a slow pace. The Dow Jones industrial average rose for an eighth straight day, its longest unbroken climb since August. Reports indicated that inflation remains in check and manufacturing is growing. The government said, however, that first-time claims for unemployment benefits only inched lower.
FTSE 100 shares in the red (AFP)

FTSE 100 shares ended in the red at the close of trade as investors took profits and digested economic data including a larger-than-expected eurozone trade deficit.(AFP/File/Shaun Curry)AFP - FTSE 100 shares ended in the red at the close of trade on Thursday as investors took profits and digested economic data including a larger-than-expected eurozone trade deficit.



BONDS NEWS
EURO BONDS-Van Lanschot plans euro senior bond (at Reuters)
News, details on corporate bond issues in the European markets on Friday: F. VAN LANSCHOT BANKIERS
Asian bond market fundamentals compelling -State Street (at Reuters)
There is a large structural shift in capital flows to Asian bond markets from Europe and the United States as investors warm up to the region s strong growth prospects, State Street Global Advisors said.
TREASURIES-Sit tight in Asia as investors brace for auctions (at Reuters)
U.S. Treasuries were barely changed in Asia on Friday as investors retreated to the sidelines before a string of debt auctions by the Treasury Department next week.
Japan Kan:fiscal restraint needed for mkt confidence (at Reuters)
Japan s Finance Minister Naoto Kan said on Friday that fiscal consolidation is important to maintain confidence in the bond market.
BOJ economist:mkt trust needed for smooth bond sales (at Reuters)
The Bank of Japan s chief economist, Kazuo Momma, said on Friday the market s trust in long-term fiscal management is needed for smooth government bond issuance.
JGBs inch up as investors pick up bargains after fall (at Reuters)
Japanese government bond futures inched up on Friday, climbing more from a four-month low struck the previous day as some investors hunted for bargains after the previous day s sell-off.
US junk bonds post $597 mln wkly inflows-LipperFMI (at Reuters)
U.S. junk bond mutual funds reported $597 million of net inflows in the week ended March 17, following a $795 million inflow the previous week, LipperFMI reported on Thursday.
Treasury bond market at a glance (AP)

COMMODITIES NEWS
[$$] Coal India Examining Proposals from Peabody (at The Wall Street Journal)
Coal India Examining Proposals from Peabody State-run Coal India has received seven proposals from U.S.-based Peabody Energy to partner in overseas coal assets and is examining two of them that include forming joint ventures and buying stakes in coal properties, its chairman said.
Climate change cited as Mont. leases suspended (AP)
A federal judge has approved a first-of-its-kind settlement requiring the government to suspend 38,000 acres of oil and gas leases in Montana so it can gauge how oil field activities contribute to climate change.
[$$] Delta Petroleum Gushes; PetroQuest Drilled (at The Wall Street Journal)
Delta Petroleum Gushes; PetroQuest Drilled Investors cooled to small-caps as sliding oil prices battered the energy sector and over concerns about sovereign debt in Europe.
UPDATE - Unions ready strike at Peru s Buenaventura again (at Reuters)
* Buenaventura miners will strike on March 26 and 27 * Strike will affect two gold mines and a silver mine
Ky. passes law to put flowers on mountaintop mines (AP)
Mountaintops defoliated by mining companies would be sown with native flowering plants under a new law in Kentucky. Gov. Steve Beshear signed a bill into law Thursday intended to restore pollen-producing vegetation that honeybees need to survive in the central Appalachians, where mining has obliterated entire ridge tops and the blooming trees and shrubs that once grew on them.
Can Coal Power Save Itself? (at TheStreet.com)
With coal companies actively seeking clean-coal technologies, can coal remain relevant as a future source of electric power?
UPDATE - Mexico adds more oil, gas reserves in 2009 (at Reuters)
Mexico added more crude oil and natural gas to its proven reserves last year and posted a higher production replacement rate as output declined, according to data released on Thursday.
NYMEX-Crude ends down on dollar, stems 2-day rise (at Reuters)

 

 

 

 


 

 

 

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