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Asian equities falter following US losses

Asian equity markets traded mixed early Wednesday, following a unimpressive lead from Wall Street overnight.
Source: CNBC.com | By: See Kit Tang
UPDATE 1-Former Petrobras executive sentenced to five years in jail

SAO PAULO, May 26- A Brazilian judge sentenced a former international director at state-run oil firm Petroleo Brasileiro SA to five years in prison for money laundering on Tuesday, the second company executive convicted in an ongoing corruption probe. Federal Judge Sergio Moro said there was ample evidence that the former director, Nestor Cervero, set up a...
Source: Reuters
Germany opens the bidding for mobile phone airwaves

FRANKFURT, May 27- Germany starts an auction of radio frequencies for mobile phone network operators on Wednesday, hoping to fill state coffers with billions of euros which it plans to use to help improve the country's fast broadband network. Fifteen years later and the number of network operators competing for the mix of 4 G frequencies has been reduced from...
Source: Reuters | By: Harro Ten Wolde
Bond market reminds me of bartending: Trader  

Discussing the current trading environment, with Ben Willis, senior floor broker of Princeton Securities Group, and Jamie Cox, Harris Financial Group managing partner.
Source: CNBC.com
Former Petrobras executive sentenced to five years jail

SAO PAULO, May 26- A Brazilian judge sentenced a former international director at state-run oil firm Petroleo Brasileiro SA to five years in prison for money laundering on Tuesday, the second company executive convicted in an ongoing corruption probe. Federal Judge Sergio Moro said there was ample evidence to support charges by prosecutors that the former...
Source: Reuters
LVMH luxury group in talks to buy leading French newspaper

PARIS- The world's No. 1 luxury goods company LVMH is in talks to buy respected French newspaper Le Parisien, a purchase that would complement its other media holding, the financial daily Les Echos. A statement issued on Tuesday by LVMH said that it was in exclusive negotiations with the Amaury Group which owns the daily Le Parisien and its sister paper...
Source: The Associated Press
Traders highlight dollar, financials

CNBC's "Halftime Report" traders tackled the markets as trading entered the second half.
Source: CNBC.com | By: Stephanie Landsman
European vegoils-Palm oil rises on strong exports, soyoil gains

LONDON, May 26- Palm oil prices on Europe's vegetable oils market rose on Tuesday, boosted by the strong pace of Malaysian exports and gains in CBOT soybean oil. Crude palm oil offers were raised by up to $10.00 per tonne while RBD palm olein asking prices were increased by $10.00 to $15.00 per tonne. RBD palm olein for July/September shipment last traded at $630 a...
Source: Reuters
USDA chief vet says bird flu cases waning, sees end by July

PARIS, May 25- The number of cases of bird flu in the United States has started to decline and the epidemic is likely to be over within a couple of months, helped by warm weather in the summer, the U.S. chief veterinary officer said on Tuesday. "We believe the worst is behind us, which doesn't mean that we still won't see additional cases but we know we see a decline in cases,"...
Source: Reuters
SEC says Deutsche Bank misvalued derivatives

Deutsche Bank, which was accused of overstating derivatives by the SEC, agreed to pay $55 million, The New York Times reports.
Source: The New York Times | By: Matthew Goldstein