v
Asian shares fell on
Wednesday as investors booked gains from recent rallies after data showing
strong U.S. retail sales and Germany and France
avoiding a contraction last quarter calmed sentiment, with weak euro zone
growth sustaining stimulus hopes.
v
Stocks ended little changed
on Tuesday in what investors described as a fatigued market after the S&P
500 rose in seven of the past eight sessions.
v
Japan's Nikkei share average
slipped on Wednesday as bank and steel shares slid, offsetting gains in
exporters from a weaker yen against the dollar and the euro on the back of
stronger-than-expected U.S. retail sales and German economic growth.
v
China’s
stocks fell, dragging down the benchmark index to the lowest in two
weeks, on concern the nation’s economic slowdown is curbing demand for products
from copper to household appliances.
v
The dollar held firm near a
one-month high against the yen on Wednesday, after surprisingly upbeat U.S.
retail sales data the previous day dampened talk of monetary stimulus from the
Federal Reserve.
v
Brent crude futures slipped
below $114 on Wednesday after settling at a three-month high as supply
disruption worries eased after the United States said it did not believe Israel
had made a decision whether to attack Iran.
v
Gold edged up on Wednesday,
after dropping to a 1-1/2-week low in the previous session on promising U.S.
retail sales data that dampened hopes for further stimulus measures from the
Federal Reserve.
v
Benchmark U.S. Treasuries
steadied in Asia on Wednesday after falling in the previous session as
investors bet that upbeat U.S. retail sales data could delay stimulus steps by
the U.S. Federal Reserve.
v
Standard
Chartered Plc (STAN), having settled a New York money laundering
probe for $340 million the day before it was to defend its right to operate in
the state, still faces federal inquiries over claims it helped sanctioned
nations including Iran illegally funnel money through the U.S.
v
China’s
slower-than-forecast cuts in banks’ reserve
requirements show authorities are reluctant to shake their concern
inflation will quicken, three months after Premier Wen Jiabao shifted
priorities to boosting growth.
v
The cost of living in the
U.S. probably rose in July for the first time in four months, showing inflation
is in check, economists said before a report today.
v
Australian shares rose on
Wednesday, with bank-sector earnings providing a boost for the market.
v
Groupon Inc lost more than
a quarter of its value as its shares sank to a record low on Tuesday, after
dismal results drove more investors away from the once-red-hot company and
raised questions about its main business.
v
Soros fund exits Goldman adds Face book. Billionaire
investor George Soros's Soros Fund Management LLC exited its stakes in Goldman
Sachs Group Inc. and J.P. Morgan Chase & Co.,
while it significantly boosted its stake in the SPDR Gold Trust , the gold exchange-traded fund,
according to a regulatory filing on Tuesday.
v
Warren Buffett's Berkshire Hathaway Inc disclosed
late Tuesday that it sold all shares of Intel Corp. and bought into
Phillips 66 and National Oil well Varco Inc. in the second quarter. It added to
existing stakes in Wells Fargo & Co. WFC and Bank of New York Mellon Corp.
significantly while unwinding some shares of U.S. Bancorp . Berkshire also reported lower
stakes in Johnson & Johnson , Procter & Gamble Co. and
Kraft Foods
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