Archive for July 4th, 2013

Kenyan shares rise on earnings bets, shilling steady

July 4, 2013
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By Kevin Mwanza NAIROBI (Reuters) – Kenyan shares rose on Thursday as bargain hunters picked up stocks cheaply after a recent falls and in anticipation of good results from listed firms, while the shilling was steady.
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ICAP executive seen linked to LIBOR scandal – Wall Street Journal

July 4, 2013
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LONDON (Reuters) – A senior executive at British brokerage firm ICAP PLC knew of an arrangement with UBS AG that U.S. and British regulators allege was part of a scheme to manipulate benchmark interest rates, according to the Wall Street Journal, which cited sources familiar with the matter.
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Egypt: Muslim Brotherhood Leader arrested

July 4, 2013
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CAIRO (AP) — The chief justice of Egypt‘s Supreme Constitutional Court was sworn in Thursday as the nation’s interim president, taking over hours after the military ousted Islamist President Mohammed Morsi and launched a major crackdown on the Muslim Brotherhood, the group from which Morsi hails.
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Ariz. town honors fallen fire crew in 4th events

July 4, 2013
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PRESCOTT, Ariz. (AP) — Prescott officials are working to retool the over-the-top celebration that has made this Old West town the place to be on Independence Day in the wake of the deaths over the weekend of 19 hometown firefighters.
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Portugal markets recover as political crisis talks resume

July 4, 2013
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LISBON (Reuters) – Portugal‘s bond yields dropped on Thursday and its stock market rose, reversing some of the previous day’s sharp losses, as the prime minister and his junior coalition partner sought to defuse a political crisis.
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MIDEAST WEEKAHEAD-Solid Q2 earnings seen for Saudi banks, petchems

July 4, 2013
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* Bank earnings weighed down by low interest margins
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Upbeat US jobs report buoys Asian stocks

July 4, 2013
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BANGKOK (AP) — Encouraging news on the US economy boosted most Asian stock markets Thursday as investors followed Wall Street‘s lead in shrugging off political turmoil in Egypt and worrying developments in Europe‘s debt crisis.
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Obama orders U.S. to review aid to Egypt

July 4, 2013
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WASHINGTON (AP) — President Barack Obama urged Egypt‘s military Wednesday to hand back control to a democratic, civilian government without delay, but stopped short of calling the ouster of President Mohammed Morsi a coup.
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Sinkhole swallows car; driver escapes up ladder

July 4, 2013
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TOLEDO, Ohio (AP) — A northwest Ohio sinkhole has swallowed a car traveling down a street and briefly trapped the driver, who climbed out after authorities gave her a ladder.
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Fed grants Goldman more time to hive off swaps trading

July 4, 2013
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By Douwe Miedema WASHINGTON (Reuters) – The U.S. Federal Reserve granted Goldman Sachs two more years to push risky swaps trading into a separate unit, in line with similar delays for other big Wall Street banks.
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