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By Leika Kihara TOKYO (Reuters) - The Bank of Japan is expected to stand pat on monetary policy next week despite jitters over the recent jump in bond yields, hoping it can stem the volatility by fine-tuning market operations. The central bank may front-load bond purchases or offer funds via market operations more frequently if the bond market turbulence persists, which are technical steps that can be taken by its bureaucrats without approval by the nine-member board. ...
Friday, May 17, 2013 04:23 |
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NEW YORK (Reuters) - The head of the Securities and Exchange Commission, Mary Jo White, is on board with calls for a broad review of the framework of the U.S. equity market, which has been roiled by software glitches over the past year, an SEC commissioner said on Monday. White, who took over the SEC in February, has not discussed the issue in detail and nothing concrete has been decided, Commissioner Daniel Gallagher said after 20 industry officials discussed equity market structure at a roundtable. `We haven`t talked too much in depth on market structure issues,` Gallagher said. ...
Monday, May 13, 2013 22:58 |
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By Lawrence Hurley WASHINGTON (Reuters) - CBOE Holdings Inc won a long-running legal battle to prevent rival International Securities Exchange from listing options on two key U.S. stock-market indexes, after the U.S. Supreme Court on Monday declined to consider their dispute. The court`s refusal to intervene leaves intact a lower court ruling that allows CBOE, the operator of the oldest and biggest U.S. stock market, to remain the sole market for options on the Standard & Poor`s 500 Index and the Dow Jones Industrial Average. ...
Monday, May 13, 2013 16:39 |
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By Clara Ferreira-Marques LONDON (Reuters) - Britain`s parliament will this week consider whether to probe the transparency of oil and mining firms listed in London, an issue highlighted by corruption probes at emerging market miners which lawmakers fear have dented the stock market`s reputation. The chairman of parliament`s Committee for Business, Innovation and Skills said on Sunday he would this week propose an inquiry into issues including governance and anticorruption protection at mining and oil companies. The probe could start before the end of the parliamentary session in July. ...
Sunday, May 19, 2013 19:36 |
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By Richard Hubbard LONDON (Reuters) - Weak data fanned expectations on Thursday of more central bank action in Europe, keeping yield-hungry investors focused on the region`s stock markets and the dollar near a six-week high against the euro. With most markets trading in narrow ranges, the dollar rose 0.1 percent against the euro to around $1.2870, having hit a six-week high of $1.2843 on Wednesday. It gained 0.3 percent against the yen to 102.57 after the Bank of Japan`s efforts to reflate the economy via a massive stimulus program were endorsed by unexpectedly strong growth data from Tokyo. ...
Thursday, May 16, 2013 11:23 |
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By Ryan Vlastelica NEW YORK (Reuters) - U.S. stocks climbed on Wednesday, with the Dow and S&P 500 hitting new all-time highs as the market`s recent upward momentum persisted and offset some weak economic data. The S&P 500 and the Nasdaq have risen for four straight sessions, extending their gains for the year. Equities have rallied in recent weeks as investors bet that central bank stimulus measures will keep supporting market gains. Such policies have helped spur advances of about 15 percent in major indexes this year despite data showing some signs of lackluster growth. ...
Wednesday, May 15, 2013 18:14 |
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By Chuck Mikolajczak NEW YORK (Reuters) - Stocks rose modestly on Tuesday as investors adapt to the economy`s slow growth, speculating that it should sustain the market`s upward trend after the Dow and S&P 500 hit a succession of record highs. The market has been trading sideways for three sessions, showing a gain of 0.07 percent as the winding down of the quarterly earnings season and a light economic calendar have left investors without a strong catalyst for further gains. ...
Tuesday, May 14, 2013 15:21 |
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By Chuck Mikolajczak NEW YORK (Reuters) - U.S. stocks were poised for a slightly higher open on Tuesday as investors adjust to slow but steady growth in the economy, which should keep the market`s upward momentum after the Dow and S&P 500 hit a succession of record highs. The market has been trading sideways over the past three sessions, showing a gain of 0.07 percent as the winding down of the quarterly earnings season and a light economic calendar have left investors without a strong catalyst for further gains. ...
Tuesday, May 14, 2013 14:32 |
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By Manuela Badawy NEW YORK (Reuters) - With the world`s biggest central banks driving yields on safe assets to near zero, some investors are tossing caution to the wind and rushing to buy illiquid and previously overlooked bonds sold by countries with no capital markets track record. Even the biggest investors acknowledge that `frontier markets` like Vietnam and Romania aren`t for the faint of heart because nobody knows whether these new debt market players will be able to make good on their obligations. ...
Sunday, May 19, 2013 15:10 |
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By Ann Saphir and Jonathan Spicer (Reuters) - The beginning of the end of the Federal Reserve`s massive bond-buying program might come sooner than many investors think if recent gains in the U.S. labor market do not prove fleeting. Much will depend on how economic data, which has given mixed signals for growth prospects, develops over the next few months. Reports on job growth in particular will go a long way in helping Fed officials determine whether the time is right to trim the pace of their $85 billion in monthly purchases. The marked improvement in the labor market since the U.S. ...
Sunday, May 19, 2013 13:13 |
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