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China cbank's yuan short forward, future positions total $28.9 bln in March

SHANGHAI, May 3- The Chinese central bank's short forward and futures positions on the yuan totalled $28.9 billion at the end of March, little changed from February, the state news agency Xinhua reported. According to data released over the weekend, the People's Bank of China also held $1.48 billion of long positions, Xinhua said. In 2015, China witnessed large...

Source: Reuters

How the Dow Jones industrial average fared on Monday

U.S. stock indexes moved solidly higher Monday afternoon, recovering some of last week's steep declines. Recently battered technology stocks such as Amazon and Microsoft posted gains, helping end a seven-day losing streak in the Nasdaq composite index. The Dow Jones industrial average rose 117.52 points, or 0.7 percent, to 17,891.16.

Source: The Associated Press

U.S. Treasury to pay down $47 bln less in marketable debt in Q2

WASHINGTON, May 2- The U.S. The Treasury said in a statement it expects to pay down $65 billion in net marketable debt during the period, assuming an end-of-June cash balance of $350 billion. For the July-September period, Treasury said it expects to issue $155 billion in net marketable debt, assuming an end-of-September cash balance of $300 billion.

Source: Reuters

Tesla offers distribution center but bill appears doubtful

HARTFORD, Conn.— A last-minute offer by electric carmaker Tesla Motors to open a regional distribution center in Connecticut may not be enough to persuade lawmakers to pass a bill allowing the company to sell its vehicles directly to consumers. The bill was placed Monday at the bottom of the Senate calendar, a bad sign at the session's end. Democratic Senate...

Source: The Associated Press

Europe ends under pressure as oil slips; Italian banks slide

European stocks were mixed during Monday's trade, as poor performance in Italian banks and a decline in oil prices capped gains in the region.

Source: CNBC.com

Markets gear up for nonfarm payrolls week

Stocks were showing a broadly higher open amid subdued trading in Asia and Europe and ahead of the key nonfarm payrolls data at the end of the week.

Source: CNBC.com

Mystery solved? Australian says he's Bitcoin founder

LONDON— An Australian man long rumored to be associated with the digital currency Bitcoin has publicly identified himself as its creator, a claim that would end one of the biggest mysteries in the tech world. BBC News said Monday that Craig Wright told the media outlet he is the man previously known by the pseudonym Satoshi Nakamoto. Wright told the BBC he had...

Source: The Associated Press

US stocks rise as some tech companies recover

NEW YORK— U.S. stock indexes moved solidly higher Monday afternoon, recovering some of last week's steep declines. Recently battered technology stocks such as Amazon.com and Microsoft all posted gains, helping end a seven-day losing streak in the Nasdaq composite. Notably, one major technology stock that did not participate in Monday's gains was Apple, which...

Source: The Associated Press

Will terror attacks end bitcoin free-for-all in Europe?

A crackdown on terrorism financing in the wake of the attacks on Paris and Brussels will see European regulators tighten up the rules governing digital-only currencies.

Source: CNBC.com

UPDATE 2-Halliburton, Baker Hughes set to end $28 billion deal -source

The contract governing Halliburton's cash-and-stock acquisition of Baker Hughes, which was valued at $34.6 billion when it was announced in November 2014, and is now worth about $28 billion, expired on Saturday without an agreement by the companies to extend it, the person added. The Houston- based company will continue to focus on keeping its profit margins...

Source: Reuters