 | Alibaba Said to Near Buying $7 Billion Stake From Yahoo Alibaba Said to Near Buying $7 Billion Stake From Yahoo. Alibaba Group Holding Ltd. is near an agreement to buy back a 20 percent stake in itself from Yahoo! Inc. for about $7 billion and may announce a deal as soon as tomorrow in Asias morning, said a person with knowledge of the matter. The purchase paves the way for Alibaba, Chinas largest e- commerce provider, to pursue an initial public offering in the next 18 months, said the person, who asked not to be identified because the matter is private ... Description: China ?s largest e- commerce provider, former chief executive officer Carol Bartz, Alibaba Group Holding Ltd, could n?t immediately be reached, each Alibaba monetization event, its online payment business, Google and Facebook Inc |
 | German Bund Yields Fall to Records as Crisis Escalates German 10-year bonds rose for a fifth week, pushing yields down to records, as heightened concern Greece will withdraw from the euro area boosted demand for the regions safest securities. Two-, five- and 30-year yields also declined to all-time lows while the bonds of AAA rated Finland and the Netherlands advanced. Investors snapped up bunds as Fitch Ratings downgraded Greece and Moodys Investors Service cut the ratings of 16 Spanish banks ... Description: Germany and Europe?s other remaining AAA rated countries, Greece and Moody?s Investors Service, Banco Bilbao Vizcaya Argentaria SA, the region?s safest securities, Germany ?s 10-year yield, manufacturing and services industries, Spain?s 10-year bond yield |
 | Gilts Yields Fall to Records on Euro-Region Turmoil U.K. government bonds advanced for a fourth week, driving five- and 10-year yields to record lows, as deepening turmoil in the euro region spurred demand for the relative safety of gilts. The pound fell the most against the dollar since the five- day period ending Nov. 25 after the Bank of England cut its growth forecasts in its quarterly Inflation Report, adding to speculation policy makers will resume their program of bond purchases to boost the economy ... Description: Greek political party leaders meeting, The 4 percent bond, England Governor Mervyn King, Lloyds Banking Group Plc, the past three months |
 | Canada Currency Tumbles as Europe Crisis Overshadows Data Canadas dollar dropped the most since November, falling for a third straight week as concern Europes debt crisis will worsen overshadowed government data showing inflation and factory sales rose more than forecast. The currency touched a four-month low versus its U.S. counterpart, which rose against all of its 16 most-traded peers except the yen on demand for safety. Commodities dropped. Economists predicted a report next week will show retail sales in Canada rose in March. ... Description: the online currency-trading firm Oanda Corp, the Washington-based Commodity Futures Trading Commission, the Canadian Real Estate Association, concern Europe?s debt crisis, more than two months, its biggest intraday jump |
| Euro Drops Versus Dollar, Yen on Greece Crisis Contagion Concern The euro fell for a third week against the dollar, reaching a four-month low, after the failure of Greek leaders to form a government increased concern the debt crisis may spread to other nations in the monetary union. The 17-nation currency dropped for a fourth week against the yen as investors await a June 17 election in Greece and amid a Group of Eight nations leaders meeting that began yesterday ... Description: Western Union Co. ?s Western Union Business Solutions unit, Several Fed policy makers, Canada?s and Mexico?s largest trade partner, a JPMorgan Chase & Co. index, online currency trader GFT Forex, Commodity Futures Trading Commission data, the bank?s strong preference , the European Union?s statistics office, Central bank Governor Mervyn King, six major U.S. trading partners, Japan?s Finance Minister Jun Azumi | |
 | Queensland Shrinks Australia Coal Port Expansion as Demand Falls Queenslands state government, inheriting a planned $9 billion coal port expansion from the previous administration, cut the scope of the project, saying its too costly and exceeds demand. Rio Tinto Group , the worlds third-biggest mining company, last month ended talks to take part in the expansion planned to boost shipping capacity to about 385 million metric tons by 2017, citing a weaker global economy and rising costs ... Description: Anglo American Plc (AAL) , Rio and Vale SA (VALE), Rio Tinto Group (RIO), BHP and Hancock Coal Infrastructure Pty, The previous Queensland government, Rio Tinto?s chief executive officer, researcher McCloskey Group Ltd, a Queensland government spokesman, the potential loading point, The Labor Party-led government |
| S&P 500 Falls for 3rd Week in Longest Slump Since August U.S. stocks tumbled for a third week, pushing the Standard & Poors 500 Index to its longest losing streak since August, amid concern global economic growth is slowing and Greece may leave the euro area. All 10 industries in the S&P 500 fell. Financial and raw- material companies dropped at least 6.5 percent as shareholders sued JPMorgan Chase & Co. over the companys $2 billion trading loss and the Dollar Indexs longest rally ever reduced the prices of commodities ... Description: The Chicago Board Options Exchange Volatility Index, The Nasdaq Composite Index (CCMP), a very good earnings season, More than $ 1.14 trillion, weaker economic growth and concern, Chief Executive Officer Jamie Dimon, an eighth consecutive weekly decline, The S&P 500 Materials, a first-quarter loss and sales | |
| Chesapeake Cuts Board Pay 20%, Halts Free Plane Flights A natural gas drilling rig stands on a Chesapeake Energy Corp. drill site in Bradford County, Pennsylvania. A natural gas drilling rig stands on a Chesapeake Energy Corp. drill site in Bradford County, Pennsylvania. May 18 -- Tim Rezvan, an analyst at Sterne Agee & Leach Inc., talks about Chesapeake Energy Corp.'s decision to cut board pay by about 20 percent and the impact of natural-gas prices on the company ... Description: Merrill A. (Pete) Miller , Jr. , Chesapeake?s lead independent director, Chief Executive Officer Aubrey McClendon?s personal financial transactions conflict, Exxon Mobil Corp. (XOM)?s board members, a Chesapeake Energy Corp. drill site, New York City ?s comptroller?s office, the U.S. Securities and Exchange Commission, New York City comptroller John Liu, The California Public Employees Retirement System |
| Asian Stocks Tumble, Wipe Out Year's Gains, on Europe, U.S. Data Asian Stocks Tumble, Wipe Out Years Gains, on Europe, U.S. Data. Asian stocks fell, with a regional index posting its worst week in almost eight months, as Europes debt crisis worsened, U.S. economic data missed estimates and Chinese home prices and investment declined. Samsung Electronics Co. , a consumer-electronics maker that gets about 35 percent of sales from Europe and America, sank 11 percent in South Korea ... Description: Japan?s Nikkei 225 Stock Average (NKY), Hokuetsu Kishu Paper (3865) Co, Australia?s S&P/ASX 200 Index (AS51), The MSCI Asia Pacific Japan Index, Hong Kong ?s Hang Seng Index, Ship operator STX Pan Ocean Co, Toyota Asset Management Co, a Hong Kong-listed clothier, James Hardie Industries SE |
| Vale sees iron ore price rising in second half of 2012 RIO DE JANEIRO - Brazilian mining company Vale SA remains confident the price of iron-ore, its main product, will rise in the second half of 2012, relieving environmental and economic pressures on the company which have hurt growth and delayed new projects. Iron ore .IO62-CNI=SI fell to its lowest level in nearly six months on Friday, slipping 1.7 percent to $131.30 a metric ton . The medium- to long-term price, though, should be in the range of $120 to $180 a metric ton, Jose Carlos Martins, Vale's head of ferrous metal ... Description: RIO DE JANEIRO Reuters, would be forced to reduce or cancel, Vale Chief Financial Officer Tito Martins, its giant Valemax ships, Chief Financial Officer Tito Martins, illegal and unfair double taxation, does not need to post, largest iron ore market, does not want to become |
| European Stocks Post Biggest Weekly Drop in Eight Months European stocks posted the biggest weekly drop since September as Greece moved closer to a possible exit from the euro and concern mounted that Spanish banks will need rescue. A gauge of lenders slumped for the third week, as Banco Espirito Santo SA lost the most since at least 1993. Bankia SA lost 15 percent. Opap SA closed in Athens trading with the biggest slide since it sold shares to the public in 2001, after first-quarter profit decreased 21 percent. ... Description: The Stoxx Europe 600 Index (SXXP), Cie . Financiere Richemont SA (CFR), The U.K.?s FTSE 100 (UKX), Spanish Deputy Economy Minister Fernando Jimenez Latorre, Banco Espirito Santo SA BES, German Finance Minister Wolfgang Schaeuble, the European Union?s statistics office, Intesa Sanpaolo SpA (ISP), Europe?s biggest listed gambling company, planned video lottery terminal games, Kesa Electricals Plc (KESA) |
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