Finance news

Asian companies and sovereigns sold no dollar-denominated bonds last week for the first time since January after yields surged on the deepening debt crisis in Europe and slowing industrial output in China.
China Petrochemical Corp., the refiner known as Sinopec Group, sold the last securities in the U.S. currency on May 10, before the slowest […]

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Even as he apologized for a $2 billion trading loss, shareholders approved JPMorgan Chase CEO Jamie Dimon’s $23 million pay package Tuesday at the bank’s annual meeting.
The meeting comes just days after the bank disclosed the massive trading loss, an event that led to the departure of its chief investment officer and forced its […]

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Fierce political rivalries kept Greece from resolving its leadership crisis as an anti-bailout party refused Monday to return to power-sharing talks.
For the ninth straight day, Greek party leaders were struggling to form a coalition government, riven by differences over the harsh austerity measures demanded by international creditors in return for rescue loans. The impasse means […]

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Billionaire Warren Buffett loves to showcase his company’s products at the annual meeting with a 200,000-square-foot exhibit hall filled with displays where Berkshire Hathaway companies like Dairy Queen and Clayton Homes sell items.
Buffett said Saturday he was feeling good despite disclosing last month that he had been diagnosed with prostate cancer.
Buffett employed the newspaper tossing […]

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A U.K. manufacturing index fell more than economists forecast in April to show its weakest growth this year as export orders declined the most since May 2009.
A gauge of factory output, based on a survey by Markit Economics and the Chartered Institute of Purchasing and Supply, dropped to 50.5 from a revised 51.9 in […]

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ST. LOUIS • When it comes to deciding how much taxpayers should know about plans to overhaul the Edward Jones Dome, the Rams appear to be calling the shots.
The Rams, who last month rejected a $124 million renovation plan from the St. Louis Convention and Visitors Commission, by Tuesday must present the commission with an […]

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It took a while, but the Dow Jones industrial average finally gained back all its losses for the month.
On a day of conflicting signals, as investors weighed disappointing economic news against reports of higher profits at big companies, stocks inched higher. All three major indexes were up Friday, though barely.
The Dow climbed 23.69 points to […]

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Erik Nielsen, chief economist at UniCredit (), defended France’s honor in a note to clients, saying the financial press is being misleading about the nation’s debts.
Nielsen, in a note sent Wednesday, rebuts claims that a victory by socialist candidate Francois Hollande, the front-runner in the race to the Elysee Palace, would lead to financial […]

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Japan

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A Houston Holiday Inn owned by St. Louis developers Michael and Steve Roberts filed for bankruptcy today, representing the latest in a string of legal troubles for the brothers’ holdings spread across the country.
Michael and Steve Roberts are principals of St. Louis-based Roberts Cos., which owns 11 hotels, four TV stations, a radio station and […]

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