Thursday, September 16, 2010

Yields inch up, yen moves watched



US Home Seizures Reach Record for Third Time in Five Months
Bloomberg
By Dan Levy - Thu Sep 16 04:00:01 GMT 2010 Foreclosures are contributing to a growing housing supply that may add as many as 12 million homes to the US market. Photographer: Jacob Kepler/Bloomberg US home seizures reached a record for the third time in ...
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BP, Spill Victims Clash at First New Orleans Hearing on Combined Cases
Bloomberg
By Jef Feeley and Margaret Cronin Fisk - Thu Sep 16 11:01:14 GMT 2010 BP Plc should face test-case trials over Gulf oil-spill claims within a year, lawyers for victims seeking billions of dollars in damages said in court filings. ...
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US STOCKS-Futures dip ahead of jobless data, FedEx results
Reuters
NEW YORK, Sept 16 (Reuters) - US stock index futures dipped on Thursday ahead of a round of economic data that will include a look at the labor market and results from bellwethers FedEx and Oracle. * Initial jobless claims will be the morning's focus, ...
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Yields inch up, yen moves watched
Reuters
LONDON (Reuters) - US Treasury yields edged up in Europe on Thursday but the yield curve remained at its steepest in over a month on market talk Japan would buy short-term Treasuries to park the dollars it purchased during its currency intervention. ...
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US Adopts Tougher Stance on China
New York Times
By SEWELL CHAN WASHINGTON — The Obama administration is moving to take a harder stance on the Chinese government's trade and currency policies, with anger toward China rising in both political parties ahead of midterm elections. ...
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EU leaders agree on trade pact
Reuters
(From LR) France's President Nicolas Sarkozy talks to Germany's Chancellor Angela Merkel, Lithuania's President Dalia Grybauskaite and Finland's Prime Minister Mari Kiviniemi as they pose for a family photo during an European Union leaders summit in ...
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Swiss National Bank Keeps Rate on Hold as Surging Franc Threatens Recovery
Bloomberg
By Klaus Wille - Thu Sep 16 12:02:46 GMT 2010 The Swiss central bank kept borrowing costs close to zero as a surging franc threatens to undermine the country's export-led economic recovery. The Zurich-based Swiss National Bank, led by Philipp ...
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Spain's ACS launches bid for Hochtief
Forbes
AP , 09.16.10, 07:27 AM EDT MADRID -- Spanish construction and services giant ACS said Thursday it has launched an all-share takeover bid for Germany's largest builder, Hochtief AG, in which it already holds a nearly 30 percent stake. ...
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Oil Prices Fall as Disruption Fears Ease
Wall Street Journal
By ANGELA HENSHALL LONDON—Crude-oil futures weakened Thursday as fears faded over the sustained disruption of oil flow through the Enbridge pipeline system. The front-month October light, sweet crude contract on the New York Mercantile Exchange fell 61 ...
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Stock Futures: Sept. 16
TheStreet.com
By Shanthi Venkataraman 09/16/10 - 07:29 AM EDT NEW YORK (TheStreet) -- Stock futures were pointing to a lower open Thursday ahead of key economic data releases including the closely followed jobless claims report and inflation numbers. ...
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