U.S. appeals court affirms BP settlement in 2010 Gulf oil spill

(Reuters) – A panel of the 5th U.S. Circuit Court of Appeals on Friday affirmed a federal judge’s approval of a multi-billion dollar settlement between BP Plc and businesses and individuals who lost money and property in the 2010 Gulf of Mexico oil spill. BP had supported the settlement agreement leading up to the December […]

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Asian shares ease, dollar firms; Friday’s US jobs in focus

By Dominic Lau TOKYO (Reuters) – Asian shares wavered on Thursday after a lackluster performance on Wall Street overnight and ahead of a key U.S. jobs report due out the following day, while the dollar hovered near a seven-week high against a basket of currencies. Market reaction was muted to a slowdown in China’s annual […]

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Yellen approved to head Fed; only Republicans vote ‘no’

By Thomas Ferraro and Richard Cowan WASHINGTON (Reuters) – Janet Yellen, a key force behind the Federal Reserve’s unprecedented and controversial efforts to boost the U.S. economy, was confirmed by the Senate on Monday to lead the central bank just as it begins to unwind that stimulus. When she succeeds Ben Bernanke, whose second four-year […]

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Boeing machinists approve contract securing 777X jet

By Alwyn Scott, Jonathan Kaminsky and Bill Rigby SEATTLE/NEW YORK (Reuters) – Boeing’s machinists on Friday narrowly approved a crucial labor contract that secured thousands of jobs and billions of dollars of economic activity for Washington state but will cost workers their pensions. The vote of 51 percent to 49 percent to accept the deal […]

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Asia shares roiled by risk aversion; yen rallies

By Wayne Cole SYDNEY (Reuters) – Asian share markets were under water on Friday after a sudden reversal in some very popular, and thus crowded, trades sparked a bout of global risk aversion. The net result was a pullback in the euro, sterling, and stocks and a bounce for the yen, gold and bonds. Oil […]

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Asia shares roiled by risk aversion; yen rallies

By Wayne Cole SYDNEY (Reuters) – Asian share markets were under water on Friday after a sudden reversal in some very popular, and thus crowded, trades sparked a bout of global risk aversion. The net result was a pullback in the euro, sterling, and stocks and a bounce for the yen, gold and bonds. Oil […]

Full Story »

Asia shares roiled by risk aversion; yen rallies

By Wayne Cole SYDNEY (Reuters) – Asian share markets were under water on Friday after a sudden reversal in some very popular, and thus crowded, trades sparked a bout of global risk aversion. The net result was a pullback in the euro, sterling, and stocks and a bounce for the yen, gold and bonds. Oil […]

Full Story »

Asia shares roiled by risk aversion; yen rallies

By Wayne Cole SYDNEY (Reuters) – Asian share markets were under water on Friday after a sudden reversal in some very popular, and thus crowded, trades sparked a bout of global risk aversion. The net result was a pullback in the euro, sterling, and stocks and a bounce for the yen, gold and bonds. Oil […]

Full Story »

Wall St. ends best year since 1990s with moderate gains

By Ryan Vlastelica NEW YORK (Reuters) – Stocks closed out their best year in more than 15 on Tuesday, with major indexes advancing throughout 2013 on the back of the Federal Reserve’s massive stimulus and expectations for accelerating growth going forward. Wall Street ended 2013 with its positive momentum intact, advancing in its final trading […]

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Monte Paschi faces nationalization threat after cash call delay

By Valentina Za MILAN (Reuters) – A delay to vital fundraising at Banca Monte dei Paschi di Siena (BMPS.MI) has increased the risk that Italy’s third-biggest bank has to be nationalized, a move the government would like to avoid. Shareholders led by the biggest investor in the bailed-out bank rejected plans for a 3 billion […]

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