News from the Financial Market
Factory activity slips to seven-month low in May: Markit
NEW YORK (Reuters) - Manufacturing slowed for a second straight month in May as weak overseas demand and government belt-tightening at home led to the sector's most sluggish rate of growth since October, a survey showed on Thursday.
Reuters - 2013-05-23 Read more
Rue21 to go private in $1.1 billion deal
(Reuters) - Teen-apparel retailer rue21 Inc said it agreed to be acquired by private equity firm Apax Partners in a deal valued at about $1.1 billion.
Reuters - 2013-05-23 Read more
Argentina, Repsol struggle to bridge gap over YPF compensation
MADRID/BUENOS AIRES (Reuters) - A year after Argentina seized the local business of Spanish oil firm Repsol , there seems little prospect of a quick deal on compensation despite signs that both sides would rather avoid a costly, drawn-out legal battle.
Reuters - 2013-05-23 Read more
Dollar pares losses vs yen, euro retains gains after U.S. claims
NEW YORK, May 23 (Reuters) - The dollar pared losses against the yen and the euro was volatile while retaining gains on Thursday after a report showed the number of Americans filing new claims for...
Reuters - 2013-05-23 Read more
Fed not "that close" to winding down stimulus: Bullard
LONDON (Reuters) - A top U.S. central bank official sought to reassure financial markets that the Federal Reserve was not in a hurry to start winding down its economic stimulus as investors worried about comments by its chairman Ben Bernanke.
Reuters - 2013-05-23 Read more
Jobless claims drop more than expected last week
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to resilience in the labor market despite belt-tightening by Washington.
Reuters - 2013-05-23 Read more
FOREX-Yen climbs against dollar, euro as stocks slide
* Aussie hit hard by weak China data, fall in commodities
Reuters - 2013-05-23 Read more
ECB seeks new tools while Fed toys with exit
PARIS/WASHINGTON (Reuters) - The European Central Bank is looking into expanding its range of policy tools, while the U.S. central bank is mulling scaling back its support measures, highlighting the contrasting fortunes between the world's two biggest economic blocs.
Reuters - 2013-05-23 Read more
EU wants big companies to reveal national tax bills
BRUSSELS (Reuters) - Europe's top regulatory official is seeking to force large companies to disclose how much tax they pay in each country where they operate, a measure some politicians say could curb tax avoidance.
Reuters - 2013-05-23 Read more
Dover to spin off some communication technologies businesses
(Reuters) - U.S. industrial conglomerate Dover Corp said it will spin off some of its communication technologies businesses into a publicly traded company named Knowles Corp.
Reuters - 2013-05-23 Read more