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Updated: 50 min 16 sec ago

Intrepid Mines board survives coup over lost Indonesia mine

59 min 45 sec ago
MELBOURNE (Reuters) - Shareholders of Intrepid Mines backed their board and its attempt to reclaim rights to a $5 billion copper and gold project in Indonesia, defeating a plan by a private equity investor to oust the board on Thursday.

Bernanke says Fed likely to reduce bond buying this year

1 hour 2 min ago
WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. economy is expanding strongly enough for the central bank to begin slowing the pace of its bond-buying stimulus later this year.

Sony to consider Third Point's proposal: Sony CEO Hirai

1 hour 2 min ago
TOKYO (Reuters) - Sony Corp CEO Kazuo Hirai said on Thursday that the electronics firm's board will consider hedge fund Third Point's suggestion to spin-off the electronics company's profitable entertainment arm.

Asia assets hammered on China fears, Fed upset

1 hour 7 min ago
TOKYO/SYDNEY (Reuters) - Asian markets buckled badly on Thursday after the Federal Reserve heralded an eventual end to free money and China turned the screw on credit even as factory activity in the world's second largest economy hit a nine-month low.

SNB welcomes UBS, Credit Suisse capital steps, warns on housing market

1 hour 36 min ago
ZURICH (Reuters) - The Swiss National Bank welcomed measures by Credit Suisse and UBS to bolster their capital, and warned it could take further action to prevent what it sees as lax mortgage lending in Switzerland.

China factory activity hits nine month low, policy action eyed

1 hour 40 min ago
BEIJING (Reuters) - China's factory activity weakened to a nine-month low in June as demand faltered, a preliminary survey showed, heightening the risk of a sharper second quarter slowdown and increasing the heat on the central bank to loosen policy.

Britain, France face EU action over high Eurostar charges

2 hours 31 min ago
BRUSSELS (Reuters) - The European Commission has given France and Britain two months to respond to a request to lower charges for passenger and freight trains to use the Channel Tunnel, or face possible court action, it said on Thursday.

Rocket's Lazada gets $100 million in bid to be Southeast Asia's Amazon

Wed, 06/19/2013 - 21:30
(Reuters) - Lazada, the Southeast Asian online retail company founded by Germany's Rocket Internet Gmbh, has secured another $100 million from investors in its bid to lift the region from its status as an e-commerce backwater.

John McAfee resurfaces as ranting video star, mocks McAfee software

Wed, 06/19/2013 - 21:18
BOSTON (Reuters) - Eccentric software pioneer John McAfee is back in the spotlight - lashing out at the anti-virus software that bears his name in a profanity-laced video.

Euro ministers to decide direct bank recapitalization rules on Thursday

Wed, 06/19/2013 - 21:11
BRUSSELS (Reuters) - Euro zone finance ministers will decide on Thursday when and how their bailout fund can invest in a bank to save it from failure, laying a cornerstone of the banking union seen as vital to restore economic growth.

SandRidge ousts CEO Ward, Bennett takes the helm

Wed, 06/19/2013 - 20:01
(Reuters) - SandRidge Energy Inc's board of directors removed the energy company's founder and chief executive, Tom Ward, on Wednesday after a months-long struggle with activist investors who accused him of strategic mistakes and self-dealing at the expense of shareholders.

SandRidge ousts CEO Ward, Bennett takes the helm

Wed, 06/19/2013 - 19:58
(Reuters) - SandRidge Energy Inc's board of directors removed the energy company's founder and chief executive, Tom Ward, on Wednesday after a months-long struggle with activist investors who accused him of strategic mistakes and self-dealing at the expense of shareholders.

Ex-Kleiner partner wants day in court in discrimination lawsuit

Wed, 06/19/2013 - 19:55
SAN FRANCISCO (Reuters) - A high profile sex discrimination lawsuit in Silicon Valley should be taken private via arbitration, lawyers for venture capital firm Kleiner Perkins Caufield & Byers argued on Wednesday, but the plaintiff, former partner Ellen Pao, wants the chance to tell her story before a judge.

Sony spin-off plan off agenda but looms over shareholder meet

Wed, 06/19/2013 - 19:27
TOKYO (Reuters) - A proposal by Sony Corp's top investor to partially spin off the Japanese company's lucrative entertainment business will be the elephant in the room at an annual shareholders meeting on Thursday.

Analysis: Sprint should raise Clearwire bid to avoid Dish tension

Wed, 06/19/2013 - 19:17
NEW YORK (Reuters) - Sprint Nextel Corp should consider raising its offer price for Clearwire Corp or risk being saddled with a contentious relationship with Dish Network Corp, controlled by feisty billionaire Charlie Ergen.

New bookkeeping rule to priprizese open insurers' 'black box' accounts

Wed, 06/19/2013 - 19:04
LONDON (Reuters) - An international bookkeeping regime being unveiled on Thursday will iron out national variants in insurers' "black box" balance sheets although the transition will take several years and the United States will keep its own, very different rules.

NY State to privatize Long Island utility, freeze rates: Governor Cuomo

Wed, 06/19/2013 - 18:44
NEW YORK (Reuters) - New York lawmakers announced a deal on Wednesday to privatize utility operations on Long Island and revamp the Long Island Power Authority, a state-owned New York utility company that was criticized for its response during last year's Superstorm Sandy.

Bernanke says Fed likely to reduce bond buying this year

Wed, 06/19/2013 - 18:34
WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. economy is expanding strongly enough for the central bank to begin slowing the pace of its bond-buying stimulus later this year.

Ally deal draws limited objections from ResCap creditors

Wed, 06/19/2013 - 18:14
(Reuters) - Ally Financial Inc's proposed $2.1 billion agreement reached last month with creditors of its bankrupt Residential Capital LLC subsidiary cleared a key court deadline with only one vigorous objection, though several warning shots were fired.

Wall St. drops after Bernanke hints at slowing stimulus

Wed, 06/19/2013 - 17:48
NEW YORK (Reuters) - Stocks fell more than 1 percent on Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank would start to reduce its stimulus measures later this year if the economy is strong enough.