Archive for May, 2013

UPDATE 3-Brazil real hits 4-year low, interest-rate futures rally

May 31st, 2013

UPDATE 3-Brazil real hits 4-year low, interest-rate futures rally
RIO DE JANEIRO, May 31 (Reuters) – The Brazilian real closed at a four-year low on Friday despite central bank efforts to support the currency, while interest-rate futures rallied after policymakers…


Source
Reuters: US Dollar Report

FOREX-Dollar firms, bolstered by strong U.S. economic data

May 31st, 2013

FOREX-Dollar firms, bolstered by strong U.S. economic data
* U.S. consumer sentiment strongest in nearly six years * Euro hurt by weak data, NZ dollar falls to nine-month low * Focus now on next week’s U.S. nonfarm payrolls report By Gertrude Chavez-Dreyfuss…


Source
Reuters: US Dollar Report

RBS gives up fight on giving Canada Libor documents

May 31st, 2013

RBS gives up fight on giving Canada Libor documents
OTTAWA, May 31 (Reuters) – The Royal Bank of Scotland Group abandoned on Friday its high-profile fight against turning over to Canada a load of documents for an investigation into whether it helped…


Source
Reuters: US Dollar Report

Stocks plummet in late trading but end May higher

May 31st, 2013

Stocks plummet in late trading but end May higher

In this Tuesday, May 28, 2013, photo, Traders gather at the post that handles Hertz on the floor of the New York Stock Exchange. Stock futures slumped on the final trading day of May, with new data showing that consumers pulled back from their breakneck spending pace in April. (AP Photo/Richard Drew)NEW YORK (AP) — Stocks dropped sharply in late trading Friday on Wall Street but still managed to end the month higher.

Source
Stock Markets News Headlines – Yahoo! News

Latest Economic Forecast: A Whole Lot Of 'Meh'

May 31st, 2013

Latest Economic Forecast: A Whole Lot Of 'Meh'

The Bureau of Economic Analysis released monthly data on the personal finances of Americans Friday. It shows Americans’ income, spending and savings pretty much unchanged from last month. Planet Money’s Adam Davidson explains to Melissa Block what this tells us about the state of the economy.

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Source
Economy

After news editor boycott, U.S. attorney general loosens rules

May 31st, 2013

After news editor boycott, U.S. attorney general loosens rules
WASHINGTON, May 31 (Reuters) – U.S. Attorney General Eric
Holder loosened his rules for speaking with media editors on
Friday during a second day of meetings with them about his
Justice Department’s handling of investigations that involve
reporters, the editors said.
Source
Reuters: Media

Wall Street ends down 1 percent for day, but up for May

May 31st, 2013

Wall Street ends down 1 percent for day, but up for May

Traders work on the floor at the New York Stock ExchangeNEW YORK (Reuters) – Stocks ended down 1 percent on Friday, extending losses into the close, but the three major indexes closed out May with gains. The S&P 500 rose 14.34 percent for the first five months of 2013 – its best first five months since 1997. The Dow Jones industrial average tumbled 208.96 points, or 1.36 percent, to end unofficially at 15,115.57. The Standard & Poor's 500 Index fell 23.67 points, or 1.43 percent, to finish unofficially at 1,630.74. The Nasdaq Composite Index slid 35.38 points, or 1.01 percent, to close unofficially at 3,455.91. …

Source
Stock Markets News Headlines – Yahoo! News

Stocks slump in late trading; Dow down 208

May 31st, 2013

Stocks slump in late trading; Dow down 208

In this Tuesday, May 28, 2013, photo, Traders gather at the post that handles Hertz on the floor of the New York Stock Exchange. Stock futures slumped on the final trading day of May, with new data showing that consumers pulled back from their breakneck spending pace in April. (AP Photo/Richard Drew)NEW YORK (AP) — Stock prices closing sharply lower on Wall Street after a late afternoon sell-off.

Source
Stock Markets News Headlines – Yahoo! News

SAC investor Magnitude to pull money from Cohen's fund in second quarter: source

May 31st, 2013

SAC investor Magnitude to pull money from Cohen's fund in second quarter: source
NEW YORK (Reuters) – Another outside investor in Steven A. Cohen’s SAC Capital Advisors will ask to redeem money from his hedge fund in the second quarter.


Source
Reuters: Money

U.S. Medicare outlook improves as healthcare costs ease

May 31st, 2013

U.S. Medicare outlook improves as healthcare costs ease
WASHINGTON (Reuters) – Slower growth in U.S. healthcare costs improved the budget outlook for the Medicare program for the elderly from last year, but the fortunes of the Social Security pension…


Source
Reuters: Money