MARKETS / FINANCE

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Greece readies launch of debt swap for rescue

Greece's parliament was expected to endorse a debt swap with private bondholders on Thursday that forms the core of its 130-billion-euro bailout, despite new protests against tough budget cuts demanded in return for the rescue deal.

Gold Prices Rise to Three-Month High

Fresnillo Silver Mine
Gold rose to a three-month high on Thursday and headed for its biggest one-week rally in a month, spurred on by the strength in the euro following Europe's bailout deal with Greece, ahead of an options expiry later in the day.
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Stock index futures signal gains; HP eyed

U.S. stock index futures pointed to a higher open on Wall Street on Thursday, with futures for the S&P 500 up 0.24 percent, Dow Jones futures up 0.34 percent and Nasdaq 100 futures up 0.52 percent at 1000 GMT.
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Euro zone economy to shrink in 2012, EU stagnates

The euro zone's economy is heading into its second recession in just three years, while the wider EU will stagnate, the EU's executive said on Thursday, warning that the area has yet to break its vicious cycle of debt.
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Greek parliament to probe deficit data allegation

Greece's parliament voted on Thursday for an inquiry into claims the previous Socialist government inflated 2009 public deficit figures, a step that could put the reliability of the country's data back in the spotlight just days after it won a new bailout.
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Greece readies debt swap under bailout deal

Greece's parliament was expected to endorse a debt swap with private bondholders on Thursday that forms the core of its 130-billion-euro bailout, despite new protests against tough budget cuts demanded in return for the rescue deal.
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Buffett's Berkshire muscles into Thai reinsurance

Warren Buffett's Berkshire Hathaway is pushing into the Thai reinsurance market and selling cover for higher rates, taking advantage of the retreat of competitors such as France's CCR after they suffered losses from last year's floods.
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Rivals blast Verizon's bid for cable airwaves

Rivals to Verizon Wireless are urging U.S. communications regulators to block the company's multibillion dollar deals to buy wireless airwaves from cable operators, saying the transactions will hurt competition.
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Greece pores over bailout laws amid protests

Trade unionists, communists and pensioners angry at punishing spending cuts in Greece marched through central Athens on Wednesday as lawmakers set to work on legislation needed to secure payment of a second bailout for the debt-laden country.
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Synopsys 1st-quarter results beat estimates

Chip-design software maker Synopsys Inc posted a quarterly profit that beat analysts' estimates, helped by strong demand for its new products, and raised its full-year outlook.
DeMarco delivers testimony on robo-signing and foreclosures at a hearing of the Housing and Community Opportunity Subcommittee of the House Financial Service Committee, in Washington

FHFA Attempts to Find Middle Ground for Fannie, Freddie

The Federal Housing Finance Administration (FHFA), overseer of Fannie Mae and Freddie Mac, detailed a plan on Tuesday for the companies' uncertain futures, grappling with the challenges of political hostility, reluctant private investors and a fragile housing market.
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Banks sink on European economic worry

Banks led stocks lower on Wednesday as the S&P 500 stalled near a 10-month-high after signs of weak European business activity rekindled concerns about a recession overseas.
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Home resales at 1-1/2 year-high, supply falls

Home resales rose to a 1-1/2-year high in January, pushing the supply of properties on the market to the lowest level in almost seven years in a hopeful sign for the housing sector.
HP EliteBook 8460p

HP 1st Quarter Earnings: 3 Key Items to Watch

Shares of Hewlett-Packard, the No. 1 computer services company, have gained more than 12 percent this year and nearly 30 percent since new CEO Meg Whitman was installed in September.
Miners at Rustenberg platinum mine

Platinum Prices up 3% on Supply Disruption

Platinum prices shot up more than three percent Wednesday after Impala Platinum Holdings Ltd., the world's second largest platinum producer, told buyers April deliveries would be slashed in half because of a strike in South Africa.
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S&P fails to break key level

Stocks fell on Wednesday with the S&P 500 stalled near a 10-month-old high after weak data on Europe's business activity raised concerns about a recession.
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Citi, UBS provide keys to interest rate-rigging probe: sources

Citigroup Inc and UBS AG , in a series of disclosures to law-enforcement officials, have provided crucial information to investigators in multiple countries as part of inquiries into whether the world's biggest banks manipulated a global benchmark interest rate, according to people familiar with the situation.
Gold bullion vault

Novagold Seeks Buyer for Stake in Galore Creek Project

Canadian miner Novagold said on Wednesday it has begun the process of trying to sell its 50 percent stake in the Galore Creek copper-gold project in British Columbia so that it can focus fully on its flagship Donlin gold project in Alaska.
Boeing 787 Dreamliners in Everett, Washington

Dreamliner: Boeing says Flaw could affect 55 Planes

About 55 Boeing Co. 787 Dreamliner jets may have a recently discovered flaw in the fuselage, the company said on Wednesday, while reiterating that the world's first carbon-plastic passenger plane is safe to fly.
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Greece rushes to pass bailout laws amid protests

Thousands of protesters angry at punishing spending cuts poured into Athens' central Syntagma Square on Wednesday as Greek lawmakers rushed to pass laws needed to secure payment of a second bailout for the debt-laden country.
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Aimed at banks, Volcker Rule hits unlikely targets

Some public agencies that rely on the municipal bond market for financing fear that a landmark financial reform rule will cripple their ability to sell bonds and make it more expensive to raise money for crucial services.

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