(Reuters) - Liebscher, who heads the Austrian central bank, was also positive about the European economy.
"Today Europe seems to be strong enough to weather a moderate slowdown in the United States," he said.
Read more at Reuters.com Bonds News
Tuesday, May 1, 2007
Oil prices edge up ahead of US inventory data
(Reuters) - Oil prices inched up on Wednesday on renewed buying interest, after a slide the previous session on an expected rebound in refinery production in the United States.
London Brent crude for June gained 29 cents at $67.29 a barrel by 0401 GMT, after falling 65 cents on Tuesday. U.S. light sweet crude was up 7 cents at $64.47, after losing $1.31 a day earlier.
Read more at Reuters Africa
London Brent crude for June gained 29 cents at $67.29 a barrel by 0401 GMT, after falling 65 cents on Tuesday. U.S. light sweet crude was up 7 cents at $64.47, after losing $1.31 a day earlier.
Read more at Reuters Africa
Floods hit output at Zambia's Mufulira copper mine
(Reuters) - Zambia's Mufulira Copper Mine has partially suspended underground copper operations due to flooding, a senior government official said on Tuesday.
Mufulira district commissioner Dyford Muulwa said operations on two levels of the Mufulira mine, which is one of Zambia's oldest and largest copper units, had been suspended following floods.
Read more at Reuters Africa
Mufulira district commissioner Dyford Muulwa said operations on two levels of the Mufulira mine, which is one of Zambia's oldest and largest copper units, had been suspended following floods.
Read more at Reuters Africa
Allianz, Henkel, Fresenius, Contiental, Volkswagen: German Equity Preview
(Bloomberg) -- The following stocks may rise or fall in German markets.
Germany's X-DAX Index slipped 0.3 percent to 7383.71. The index provides an estimate of the DAX Index, based on trading in DAX futures after the Xetra electronic market closes. The DAX advanced 0.4 percent to 7408.87 on the Xetra electronic-trading system.
Read more at Bloomberg Stocks News
Germany's X-DAX Index slipped 0.3 percent to 7383.71. The index provides an estimate of the DAX Index, based on trading in DAX futures after the Xetra electronic market closes. The DAX advanced 0.4 percent to 7408.87 on the Xetra electronic-trading system.
Read more at Bloomberg Stocks News
U.S. Notes May Fall; Speculation Economy Robust Enough to Delay Rate Cut
(Bloomberg) -- U.S. 10-year Treasuries may fall for a second day on speculation yields are too low given signs the economy is resilient enough for the Federal Reserve to delay any cut in interest rates.
Growth in U.S. factory orders likely accelerated in March while employers probably created the least jobs last month in more than two years, government reports this week will show, according to Bloomberg News surveys. Notes dropped yesterday after the Institute for Supply Management's manufacturing index increased at the fastest pace in almost a year in April, even as pending home sales declined to a four-year low.
Read more at Bloomberg Bonds News
Growth in U.S. factory orders likely accelerated in March while employers probably created the least jobs last month in more than two years, government reports this week will show, according to Bloomberg News surveys. Notes dropped yesterday after the Institute for Supply Management's manufacturing index increased at the fastest pace in almost a year in April, even as pending home sales declined to a four-year low.
Read more at Bloomberg Bonds News
Traffic-Snarled Bangalore's Rail to Be Overwhelmed Before Leaving Station
(Bloomberg) -- Siddarth Shah spends 90 minutes on a bus making the 18.5-kilometer commute to work in traffic-snarled Bangalore, India's technology hub.
Yet Shah, 29, said he believes relief is on the way. The marketing manager at Infosys Technologies Ltd., the country's second-largest software exporter, said a $1.5 billion city railway now being built will change his life.
Read more at Bloomberg Exclusive News
Yet Shah, 29, said he believes relief is on the way. The marketing manager at Infosys Technologies Ltd., the country's second-largest software exporter, said a $1.5 billion city railway now being built will change his life.
Read more at Bloomberg Exclusive News
Nikkei turns down on pre-holiday caution
(Reuters) - With trade volume thin, the market was also sensitive to futures trading, participants said.
"Trade is slow today, although that can't be helped," said Kenichi Hirano, operating officer at Tachibana Securities.
Read more at Reuters.com Hot Stocks News
"Trade is slow today, although that can't be helped," said Kenichi Hirano, operating officer at Tachibana Securities.
Read more at Reuters.com Hot Stocks News
Dow Jones's Shareholders Say Murdoch's Takeover Bid Will Trigger Auction
(Bloomberg) -- Dow Jones & Co. shareholders say Rupert Murdoch's $5 billion takeover bid will spark an auction of the 125-year-old newspaper publisher.
``We're in the first inning,'' said Lawrence J. Haverty Jr., associate portfolio manager at Gamco Investors Inc. in Rye, New York. Gamco had 825,000 Dow Jones shares as of December. ``Dow Jones is a fish in the pond, and there are sharks swimming around.''
Read more at Bloomberg Currencies News
``We're in the first inning,'' said Lawrence J. Haverty Jr., associate portfolio manager at Gamco Investors Inc. in Rye, New York. Gamco had 825,000 Dow Jones shares as of December. ``Dow Jones is a fish in the pond, and there are sharks swimming around.''
Read more at Bloomberg Currencies News
Japan's Government Bonds Decline as Lowest Yields Since March Sap Demand
(Bloomberg) -- Japan's 10-year government bonds declined, ending two days of gains, on speculation yields near the lowest since March will deter investors before an auction of the securities next week.
Pre-auction trading suggests the Ministry of Finance will set the smallest coupon in more than a year on the 1.9 trillion yen ($15.9 billion) of 10-year debt. Yields, which move inversely to prices, may extend their rebound from a low of 1.595 percent reached yesterday after a U.S. report showed manufacturing growth accelerated at the fastest pace in almost a year.
Read more at Bloomberg Bonds News
Pre-auction trading suggests the Ministry of Finance will set the smallest coupon in more than a year on the 1.9 trillion yen ($15.9 billion) of 10-year debt. Yields, which move inversely to prices, may extend their rebound from a low of 1.595 percent reached yesterday after a U.S. report showed manufacturing growth accelerated at the fastest pace in almost a year.
Read more at Bloomberg Bonds News
U.S. Factory Orders Probably Rose in March as Business Spending Improved
(Bloomberg) -- Orders placed with U.S. factories rose in March, reinforcing signs in the past week that business investment was on the mend going into the second quarter, economists said before a report today.
Factory orders increased 2.2 percent after a 1 percent gain in February, according to the median estimate in a Bloomberg News survey of economists. A separate report may show companies hired at about the same pace in April as in the prior month.
Read more at Bloomberg Bonds News
Factory orders increased 2.2 percent after a 1 percent gain in February, according to the median estimate in a Bloomberg News survey of economists. A separate report may show companies hired at about the same pace in April as in the prior month.
Read more at Bloomberg Bonds News
Turkish Lira's Volatility May Remain High After Call for an Early Election
(Bloomberg) -- Turkish lira options volatility may remain near a two-month high as investors seek protection against a decline in the currency's value after the nation's highest court annulled the presidential election.
The ruling prompted Prime Minister Recep Tayyip Erdogan to call for an early general election, possibly as soon as June 24, to affirm the legitimacy of the government, led by his ruling Justice and Development Party, also known as the AKP.
Read more at Bloomberg Emerging Markets News
The ruling prompted Prime Minister Recep Tayyip Erdogan to call for an early general election, possibly as soon as June 24, to affirm the legitimacy of the government, led by his ruling Justice and Development Party, also known as the AKP.
Read more at Bloomberg Emerging Markets News
Asian Currencies: Korean Won Drops to Two-Week Low, Taiwan Dollar Slips
(Bloomberg) -- South Korea's won fell to the lowest in two weeks as the extra yield investors get for buying the nation's bonds compared with U.S. Treasuries narrowed.
Yields on U.S. government debt rose yesterday after a report showed manufacturing growth accelerated in the world's biggest economy and on speculation a report today will show factory orders quickened in March. The won dropped 0.5 percent since the central bank April 26 said the current-account deficit widened to the most in almost a year.
Read more at Bloomberg Currencies News
Yields on U.S. government debt rose yesterday after a report showed manufacturing growth accelerated in the world's biggest economy and on speculation a report today will show factory orders quickened in March. The won dropped 0.5 percent since the central bank April 26 said the current-account deficit widened to the most in almost a year.
Read more at Bloomberg Currencies News
Uribe Urges Colombian Central Bank to Stop Speculative Capital Inflows
(Bloomberg) -- Colombian President Alvaro Uribe called on the central bank to send investors a ``clear signal'' that it plans to stop ``speculative'' capital inflows that have helped send the peso to a seven-year high.
``Colombia gives all the guarantees to investment but Colombia can't allow speculation to hurt businesses and workers,'' Uribe told steel workers in Boyaca province today, according to a speech posted on the presidential Web site. ``We need to ask the central bank, without any fear, to adopt the measures to stop speculative capital.''
Read more at Bloomberg Currencies News
``Colombia gives all the guarantees to investment but Colombia can't allow speculation to hurt businesses and workers,'' Uribe told steel workers in Boyaca province today, according to a speech posted on the presidential Web site. ``We need to ask the central bank, without any fear, to adopt the measures to stop speculative capital.''
Read more at Bloomberg Currencies News
Wheat Yields in Northwest Kansas May Exceed Last Year's, Observers Report
(Bloomberg) -- Wheat growers in northwest Kansas were mostly spared from a freeze on April 7 and may harvest a normal crop this year, and farmers in the state's north-central region may have reduced yields, according to industry observers.
The winter-wheat yield in 10 northern Kansas counties will rise to 42.5 bushels an acre from an average of 36.8 bushels last year, according to the estimate of four participants who traveled through the area today as part of the Wheat Quality Council's annual tour.
Read more at Bloomberg Commodities News
The winter-wheat yield in 10 northern Kansas counties will rise to 42.5 bushels an acre from an average of 36.8 bushels last year, according to the estimate of four participants who traveled through the area today as part of the Wheat Quality Council's annual tour.
Read more at Bloomberg Commodities News
Time Warner Cable's Service Stumbles in Rush for Adelphia, Comcast Clients
(Bloomberg) -- Josh Harman, a disgruntled Time Warner Cable Inc. customer in Los Angeles, was so fed up with his service that he spent $700 trimming trees in his yard to make room for a satellite dish.
``I went out of my way, expense-wise, to get out of Time Warner Cable TV service,'' said Harman, a 46-year-old TV production editor. He was among customers who defected in cities such as Dallas and Los Angeles since Time Warner Cable acquired some Adelphia Communications Inc. and Comcast Corp. systems last August. Goldman Sachs Group Inc. analyst Anthony Noto puts the total defections at more than 90,000.
Read more at Bloomberg Exclusive News
``I went out of my way, expense-wise, to get out of Time Warner Cable TV service,'' said Harman, a 46-year-old TV production editor. He was among customers who defected in cities such as Dallas and Los Angeles since Time Warner Cable acquired some Adelphia Communications Inc. and Comcast Corp. systems last August. Goldman Sachs Group Inc. analyst Anthony Noto puts the total defections at more than 90,000.
Read more at Bloomberg Exclusive News
U.S. Treasuries Are Little Changed Before Manufacturing, Housing Reports
(Bloomberg) -- U.S. Treasuries were little changed before manufacturing and housing reports that may provide further evidence of a slowing U.S. economy.
The Institute for Supply Management's manufacturing index will indicate a small expansion for April, according to economists in a Bloomberg News survey. The yield on 10-year notes fell the most in almost two months yesterday as the Federal Reserve said consumer price growth was stable in March.
Read more at Bloomberg Bonds News
The Institute for Supply Management's manufacturing index will indicate a small expansion for April, according to economists in a Bloomberg News survey. The yield on 10-year notes fell the most in almost two months yesterday as the Federal Reserve said consumer price growth was stable in March.
Read more at Bloomberg Bonds News
Chevron Worker Among Six Kidnapped in Nigeria's Delta, U.S. Embassy Says
(Bloomberg) -- A worker for Chevron Nigeria Ltd. was among six people kidnapped from a boat in Nigeria's delta region today, a spokesman for the U.S. embassy in Nigeria said.
The six people were taken in Bayelsa state, said the spokesman, who declined to be identified. A spokesman for Nigeria's navy said earlier an oil facility in the area had been attacked.
Read more at Bloomberg Energy News
The six people were taken in Bayelsa state, said the spokesman, who declined to be identified. A spokesman for Nigeria's navy said earlier an oil facility in the area had been attacked.
Read more at Bloomberg Energy News
U.K. Stocks Decline, Paced by Punch Taverns, Schroders; BHP Retreats
(Bloomberg) -- U.K. stocks retreated, paced by Punch Taverns Plc, Britain's largest pub landlord by outlets. Schroders Plc fell after a competitor, Aberdeen Asset Management Plc, reported a first-half loss.
BHP Billiton Ltd. led mining companies lower as copper prices declined. Tesco Plc slipped after a newspaper reported that the retailer may make a solo bid for Coles Group Ltd.'s food, liquor and Kmart units.
Read more at Bloomberg Stocks News
BHP Billiton Ltd. led mining companies lower as copper prices declined. Tesco Plc slipped after a newspaper reported that the retailer may make a solo bid for Coles Group Ltd.'s food, liquor and Kmart units.
Read more at Bloomberg Stocks News
Danish Stocks Decline, Led by Vestas Wind Systems and A.P. Moeller-Maersk
(Bloomberg) -- Danish stocks fell, led by Vestas Wind Systems A/S, the world's biggest wind-turbine maker, and A.P. Moeller-Maersk A/S.
The benchmark OMX-C20 Index slid 1.42, or 0.3 percent, to 484.04 at 9:40 a.m. in Copenhagen. Markets in Sweden, Norway and Finland are closed for a holiday.
Read more at Bloomberg Stocks News
The benchmark OMX-C20 Index slid 1.42, or 0.3 percent, to 484.04 at 9:40 a.m. in Copenhagen. Markets in Sweden, Norway and Finland are closed for a holiday.
Read more at Bloomberg Stocks News
EU to probe Travelport/Worldspan merger-source
(Reuters) - Travelport said in December when it announced the deal that it valued travel technology services firm Worldspan at $1.4 billion.
Travelport, a unit of U.S.-based private equity firm Blackstone Group [BG.UL], operates branded businesses which include Orbitz, Gulliver's Travel Associates and Galileo. The company had $2.4 billion in revenues in 2005.
Read more at Reuters.com Mergers News
Travelport, a unit of U.S.-based private equity firm Blackstone Group [BG.UL], operates branded businesses which include Orbitz, Gulliver's Travel Associates and Galileo. The company had $2.4 billion in revenues in 2005.
Read more at Reuters.com Mergers News
U.K. Stocks Fall, Led by Shire, Rio Tinto Shares; Punch Taverns Slips
(Bloomberg) -- U.K. stocks declined, paced by Shire Plc and Rio Tinto Group. Shares of Punch Taverns Plc also fell.
The benchmark FTSE 100 Index retreated 52.80, or 0.8 percent, to 6396.40 in London at 8:15 a.m. The FTSE All-Share Index lost 21.74, or 0.7 percent, to 3333.86. Ireland's ISEQ Index was little changed at 9469.71.
Read more at Bloomberg Stocks News
The benchmark FTSE 100 Index retreated 52.80, or 0.8 percent, to 6396.40 in London at 8:15 a.m. The FTSE All-Share Index lost 21.74, or 0.7 percent, to 3333.86. Ireland's ISEQ Index was little changed at 9469.71.
Read more at Bloomberg Stocks News
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