Category: Markets

Stretched by riots, Swedish police call reinforcements

Stretched by riots, Swedish police call reinforcements

By Ilze Filks and Mia Shanley STOCKHOLM (Reuters) – Police in Stockholm called in reinforcements on Friday after youths set cars and a school ablaze in a fifth night of rioting, the worst to hit Sweden for years. Pupils at a primary school in Kista – an IT hub that is home to the likes [...]

UK fighters escort Pakistan plane to airport, two arrests

UK fighters escort Pakistan plane to airport, two arrests

By Rhys Jones and Peter Griffiths LONDON (Reuters) – British fighter jets escorted a Pakistan International Airlines passenger plane to Stansted Airport near London on Friday, where police went on board and arrested two men on suspicion of endangering an aircraft. Passengers were leaving the plane and no one was hurt in the incident, a [...]

Durable goods orders point to factory resilience

Durable goods orders point to factory resilience

By Jason Lange WASHINGTON (Reuters) – Orders for long-lasting U.S. manufactured goods rose more than expected in April, a hopeful sign that a sharp slowdown in factory output could soon run its course. New orders for durable goods, which range from toasters to aircraft, increased 3.3 percent last month, the Commerce Department said on Friday. [...]

Kerry says Israelis, Palestinians must make tough decisions

Kerry says Israelis, Palestinians must make tough decisions

By Arshad Mohammed TEL AVIV (Reuters) – Israeli and Palestinian leaders must decide soon on whether to revive long-dormant peace negotiations to end their decades-old conflict, U.S. Secretary of State John Kerry said on Friday. Ending two days of meetings in the region, Kerry said he had had "very productive" talks. But there were no [...]

Venezuela prosecutor to open probe over leaked recording

Venezuela prosecutor to open probe over leaked recording

CARACAS (Reuters) – Venezuela’s prosecutor’s office said on Thursday it would open an investigation into in a recording the opposition says features a top government ally accusing the deputy head of the ruling Socialist Party of corruption and conspiring against the new president. Opposition deputies on Monday broadcast the recording of a conversation they said [...]

Boy Scouts of America votes to end century-old ban on gay scouts

Boy Scouts of America votes to end century-old ban on gay scouts

By Marice Richter GRAPEVINE, Texas (Reuters) – The Boy Scouts of America voted on Thursday to lift a century-old ban on openly gay scouts in a major victory for gay rights activists, but the decision means a sea of change for an organization that depends heavily on faith-based groups. More than 60 percent of the [...]

Analysis: Markets face rough summer ride as Fed pullback feared

Analysis: Markets face rough summer ride as Fed pullback feared

By Rodrigo Campos NEW YORK (Reuters) – For the past few months, the Federal Reserve has been squarely in the financial markets’ corner, thanks to its massive dollops of monetary stimulus. But signs that the central bank is discussing reducing that support by purchasing fewer bonds mean that trading is likely to get bumpier in [...]

Google faces new federal antitrust probe: source

Google faces new federal antitrust probe: source

WASHINGTON (Reuters) – U.S. regulators are in the early stages of an antitrust probe into whether Google Inc, the top player in Web display advertising, breaks antitrust law in how it handles some advertising sales, a source told Reuters on Thursday. The source said that it was unlikely that the Federal Trade Commission had sent [...]

Former Goldman banker settles SEC ‘pay-to-play’ charges

By Lisa Lambert and Jonathan Stempel WASHINGTON/CHICAGO (Reuters) – A former Goldman Sachs Group Inc. investment banker has agreed to a five-year securities industry ban and a record fine to settle Securities and Exchange Commission charges that he broke rules against influence peddling to win bond underwriting business in Massachusetts. Without admitting or denying wrongdoing, [...]

Proxy advisory firm settles SEC charges over data breach

Proxy advisory firm settles SEC charges over data breach

By Sarah N. Lynch WASHINGTON (Reuters) – Institutional Shareholder Services has settled civil charges by U.S. regulators that an employee of the prominent proxy advisory firm shared nonpublic voting data in exchange for meals and concert tickets. The Securities and Exchange Commission said on Thursday that ISS, a unit of MSCI Inc, will pay a [...]