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U.S. stocks, oil fall after Bernanke; dollar gains
22 May 2013 at 1:57pm
NEW YORK (Reuters) - Stocks, bonds and currencies took a wild ride on Wednesday, as remarks by Federal Reserve Chairman Ben Bernanke failed to provide the clear picture investors had hoped for of the likely continuation of the U.S. central bank's bond-buying program, with sentiment ultimately driven by expectations of tapering.
Wall Street falters in volatile session on Fed worries
22 May 2013 at 1:30pm
NEW YORK (Reuters) - U.S. stocks fell on Wednesday with the S&P 500 posting its biggest decline in three weeks, after minutes from the latest U.S. Federal Reserve meeting showed some officials were open to tapering large-scale asset purchases as early as at the June meeting.
Oil falls as Fed minutes send U.S. equities down
22 May 2013 at 1:03pm
NEW YORK (Reuters) - Brent crude extended losses in late trading on Wednesday to settle below $103 a barrel, after minutes from the Federal Reserve sent U.S. stock markets down and compounded earlier oil weakness stemming from a rise in U.S. gasoline inventories.
Gold slides as Fed chief hints at reduced bond buying
22 May 2013 at 12:57pm
NEW YORK (Reuters) - Gold turned sharply lower on Wednesday, as investors weighed U.S. Federal Reserve Chairman Ben Bernanke's congressional testimony warning of risks to holding interest rates too low for too long and opened the possibility of reducing bond purchases.
Fed: more progress needed before stimulus pullback
22 May 2013 at 12:41pm
WASHINGTON (Reuters) - The Federal Reserve's monetary stimulus is helping the U.S. economy recover but the central bank needs to see further signs of traction before taking its foot off the gas, Fed Chairman Ben Bernanke said on Wednesday.
Bernanke spurs stock volatility, dollar gains
22 May 2013 at 11:27am
NEW YORK (Reuters) - Stocks, bonds and currencies took a wild ride on Wednesday after Federal Reserve Chairman Ben Bernanke said the U.S. central bank's massive bond-buying program would remain in place for now, even as the Fed considers cutting back stimulus in coming months.
Vatican financial body investigating possible money laundering
22 May 2013 at 9:56am
VATICAN CITY (Reuters) - The Vatican's new financial watchdog said on Wednesday it had detected six possible attempts to use the Holy See to launder money last year, citing this as proof of its commitment to transparency.
Daiichi Sankyo says it was misled over Ranbaxy probes
22 May 2013 at 9:50am
MUMBAI (Reuters) - Japanese drugmaker Daiichi Sankyo Co, which bought control of Ranbaxy Laboratories in 2008, said it believes unnamed former shareholders of the company hid information regarding U.S. regulatory probes into Ranbaxy.
Srei Infrastructure to buy Austrian bank unit - paper
22 May 2013 at 9:19am
VIENNA (Reuters) - Srei Infrastructure Finance Ltd is poised to buy the domestic banking unit of nationalised Austrian lender Hypo Alpe Adria for 65.5 million euros, the newspaper Die Presse said.
Gold erases gains after Bernanke comments
22 May 2013 at 8:50am
LONDON (Reuters) - Gold was flat on Wednesday, giving up earlier gains after U.S. Federal Reserve Chairman Ben Bernanke warned of the risks of holding interest rates too low for too long, which boosted the dollar.
Wall St extends gains after Bernanke comments
22 May 2013 at 7:29am
NEW YORK (Reuters) - U.S. stocks extended gains on Wednesday immediately following prepared testimony from Federal Reserve Chairman Ben Bernanke before a congressional panel.
Analysis: Rich country investors returning home
22 May 2013 at 7:28am
LONDON (Reuters) - The world's biggest investors may be rethinking 20 years of boosting overseas holdings and are instead seeking more stable cash income at home, as aging societies and tighter regulation dull risk appetite.
Just Dial's 9.4 billion rupee IPO covered 11.6 times
22 May 2013 at 6:41am
REUTERS - Just Dial's up to 9.4 billion rupee ($170 million) initial public offer was subscribed 11.6 times on closing on Wednesday, in what is the biggest IPO in the country so far this year.
L&T looks overseas to offset weak home market
22 May 2013 at 6:19am
NEW DELHI/MUMBAI (Reuters) - Larsen and Toubro Ltd, India's largest engineering and construction group, will look overseas to offset a weak economy and project bottlenecks at home that led to a bigger-than-expected profit drop.
Europe closes in on tax havens; Austria agrees to swap bank data
22 May 2013 at 6:18am
BRUSSELS (Reuters) - Europe moved closer to ending banking secrecy on Wednesday after Austria dropped objections to sharing data on foreign depositors and the EU focused on negotiating a similar agreement with Switzerland.