Maine

Maine News

• Mugabe Signs Off on Zimbabwe Constitution Paving Way for Vote

  Updated 10 minutes ago

  Zimbabwe’s President Robert Mugabe signed off on a new constitution after negotiations with his main political rival, paving the way for elections this year.

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  Russia Shelves Bond Auction Citing Lack of Competitive Bids

  Updated 13 minutes ago

  Russia canceled an auction of ruble bonds for the first time since October as waning expectations of a central bank interest rate cut sent yields rising.

• WTI Crude Drops a Second Day as U.S. Supplies Gain a Fourth Week

  Updated 23 minutes ago

  West Texas Intermediate fell for a second day after industry data showed U.S. inventories rose for a fourth week, the longest run of gains since February. China’s oil stockpiles climbed for a second month.

• Cedar Agrees to S$936.2 Million Takeover With Chinese Developer

  Updated 5 minutes ago

  Cedar Strategic Holdings Ltd. agreed to a S$936.2 million ($742 million) reverse takeover transaction with a Chinese developer to expand its property business in the world’s second-largest economy.

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  Nomura to Boost Fixed-Income Staff Abroad While Paring Costs

  Updated 49 minutes ago

  Nomura Holdings Inc., Japan’s largest brokerage, said it plans to increase fixed-income sales staff abroad even as it continues to cut costs.

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  Treasury 10-Year Notes Little Changed Before Bernanke Testimony

  Updated 39 minutes ago

  Treasury 10-year notes were little changed before Federal Reserve Chairman Ben S. Bernanke testifies to Congress amid speculation he will emphasize the need to maintain stimulus measures.

• Russia Faces Widening 2014 Budget Deficit, Siluanov Says

  Updated 44 minutes ago

  Russia’s federal budget deficit will probably widen next year more than previously planned as a weaker economy risks erasing 650 billion rubles ($20.8 billion) in revenue, Finance Minister Anton Siluanov said.

• EU Banking Regulator Seeks Transparency Rules on Securitization

  Updated 30 minutes ago

  Banks trading asset-backed securities may have to give investors more information on the underlying loans or assets of the structured product they are buying, Europe’s top banking regulator said.

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  Riksbank Board Appointments Seen Opening Door to Easing

  Updated 24 minutes ago

  Sweden’s central bank may have taken a step toward monetary easing after appointing two new board members who economists say are likely to prioritize the labor market over credit growth.

• Cocoa Falls on Speculation Prices Climbed Too Far; Sugar Rises

  Updated 53 minutes ago

  Cocoa fell in London and New York on speculation prices that rallied yesterday climbed too far as rainfall may favor crop development in West Africa, the main growing region. Raw sugar rose in New York.

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