MARKETS / FINANCE

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Dollar at low, world stocks weaker

The dollar sank to a 16-month low against a basket of currencies on Thursday as investors bet U.S. monetary policy would continue to be loose, while a report that Chinese inflation will rise dragged on equities.

U.S. shuts down massive cyber theft ring

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U.S. authorities claimed one of their biggest victories against cyber crime as they shut down a ring they said used malicious software to take control of more than 2 million PCs around the world, and may have led to theft of more than $100 million.
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Fed, ECB policymakers urge policy normalization

Top U.S. and European central bank officials agreed on Wednesday their institutions must withdraw some of the extraordinary support they provided to help their economies recover from a deep crisis.
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Lehman, creditors agree on plan approval timeline

Lehman Brothers Holdings Inc on Wednesday agreed to put creditors' competing restructuring plans on the same timeline for court approval as its own plan, but reserved the right to raise future objections.
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NYSE, Deutsche Boerse mull payouts to win support

NYSE Euronext and Deutsche Boerse AG are weighing several options to win support for their $10.2 billion deal, including paying special dividends to shareholders, three sources briefed on the matter said on Wednesday.
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Internet ad revenue hits high in '10

U.S. Internet advertising revenue jumped 15 percent to $26 billion in 2010, setting a record high and proving that more companies are opening up their coffers to reach people online.
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Rajaratnam trial prosecutor raises temperature

A prosecutor took a combative tone with a key defense witness at Raj Rajaratnam's insider trading trial on Wednesday, trying to poke holes in arguments that the Galleon Group founder's trades were based on research and published reports.
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Economy improving but energy costs weigh: Fed

The U.S. economy continued to improve over the past month on gains in manufacturing but firms are feeling the effects of higher energy and raw material costs, the Federal Reserve said on Wednesday.
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Iceland risks fall to junk status on Icesave woe

Iceland's credit ratings could be downgraded into junk debt status after its voters rejected a deal to repay Britain and the Netherlands for losses from a banking crash, Standard & Poor's said on Wednesday.
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Candidate learns what is needed to differentiate his candidacy

Douglas, a technical analyst, came to me having gained significant experience within a niche market, seeking to transition into an analyst or market research role. He had developed a two-page résumé which he felt could be improved on significantly. After seeing one of his coworker's résumés, also developed by Ladybug Design, he contacted me to get the process started.
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Bank regulators in pact with mortgage lenders

U.S. bank regulators announced pacts with the largest home lenders over allegations of shoddy foreclosure practices, jumping ahead of a states-led probe and leaving the amount of fines until later.
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Dow and S&P slip as JPMorgan stalls, Nasdaq rises

The Dow and S&P slipped on Wednesday as JPMorgan Chase & Co's strong profit growth was not enough to convince investors that quarterly earnings would propel stocks out of the recent trading range.
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Bank regulators settle with mortgage lenders

U.S. bank regulators announced settlements on Wednesday with the largest home lenders over allegations of shoddy foreclosure practices, but the pacts did not include financial penalties.
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Retail sales up, consumer spending holds up

U.S. retail sales rose modestly in March as auto sales plunged and consumers stretched to pay for pricey gasoline, but upward revisions to the prior months' data pointed to fairly solid first-quarter spending.
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Dow and S&P near session lows, Nasdaq up

The Dow and the S&P 500 fell on Wednesday as JPMorgan Chase & Co's strong profit growth failed to convince investors that the performance could be repeated, or that the results would translate to other companies.
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Instant view: March retail sales up 0.4 pct on gasoline

Sales at U.S. retailers rose slightly less than expected in March as rising gasoline prices pulled spending away from other segments and receipts from auto dealerships fell, a government report showed, pointing to slower consumer spending in the first quarter.
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Dow, S&P flat as JPMorgan gains dissolve

The Dow and S&P were little changed on Wednesday despite strong profit growth from JPMorgan Chase & Co as analysts questioned if the bank's results were a one-time win or would translate to others' performances.
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IFR: Voluntary Greek debt restructuring in next 2 yrs: expert

LONDON, April 13 - Any fundamental restructuring of Greece's US$350bn of outstanding debt before June 2013 will have severe repercussions across the Eurozone, according to the lawyer who advised Uruguay on the successful restructuring of its sovereign debt in 2003.
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U.S. debt position not a factor in yield rise: IMF

Rising U.S. bond yields have more to do with improving economic growth prospects and market concerns about inflation rather than Washington's deteriorating fiscal position, the International Monetary Fund said on Wednesday.

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