"Every day is Sunday" for struggling Greek businesses hit by bank shutdown ASPROPYRGOS, Greece, July 2- The ANTYMET car-recycling company northwest of Athens was already down on its luck after six years of one of the worst economic crises of modern times. "Every day is like Sunday," said Alexandros Vougiouklakis, standing among stacked rows of rusting cars in the industrial district of Aspropyrgos. Vougiouklakis, who founded the...
| By: Karolina Tagaris
Goldilocks jobs report: Areas to buy now Jordan Waxman, HSW Advisors at HighTower Managing Partner, joins the FMHR panel to discuss Fed action, jobs data, and where to find investing opportunity.
UPDATE 2-Brazil investigates currency market rigging by 15 global banks SAO PAULO, July 2- Brazil antitrust watchdog Cade opened on Thursday an investigation over alleged currency rigging by a group of 15 global banks, the first of its kind in one of the world's busiest foreign exchange markets. In a statement, Cade said the banks colluded to influence benchmark currency rates in Brazil by aligning positions and pushing...
| By: Guillermo Parra-Bernal and Walter Brandimarte
Closing of Chicago trading pits: a requiem for family ties CHICAGO, July 2 (Reuters)- Thomas Cashman was not long out of law school when his dad, Tom, brought him to the Chicago Board of Trade soybean pit in 1994. The two spent the next 10 years trading side by side, until Thomas moved upstairs to begin trading on computer screens. He later bought seats for his brothers Gene and Ed, both Chicago policemen at the time.
| By: Christine Stebbins
Labor participation will bother the Fed: Cashin There was an enormous dropout, says Art Cashin of UBS, sharing his thoughts on Thursday's jobs report and explaining why he is still in the camp of no rate hike this year. Also Cashin weighs in on the likely outcome in Greece.
Too much negativism out there: Pro James O'Sullivan, High Frequency Economics, and Chris Hyzy, U.S. Trust, share their outlook on today's employment report, its likely impact on Federal Reserve policy and market reaction
RPT-INTERVIEW-Biggest obstacle to Russia gas deal is Moscow's refusal to sign -Naftogaz *Ukraine wants binding protocol until at least March next year. BRUSSELS, July 1- The biggest obstacle to a gas supply deal between Moscow and Kiev is not the price, but Russia's refusal to sign a legally binding agreement, the head of Ukraine's state gas firm Naftogaz said in an interview on Wednesday. Naftogaz Chief Executive Andriy Kobolev was speaking in...
| By: Barbara Lewis
Sete Brasil gets debt relief as talks continue, sources say State banks Banco do Brasil SA and Caixa Econômica Federal, as well as private-sector lenders Itaú Unibanco Holding SA, Banco Santander Brasil SA and Banco Bradesco SA waived immediate repayment to allow Sete to continue with a reorganization program, said the sources, who requested anonymity due to legal restrictions on discussing the issue publicly.
| By: Guillermo Parra-Bernal
Ranks of commodities brokers dwindle as U.S. futures industry evolves NEW YORK, July 1 (Reuters)- U.S. commodities brokerages- a key focus of reforms designed to make the financial system safer- are increasingly struggling to eke out a profit, spurring many firms to think about leaving the business, or trying to boost commissions. The vanishing FCMs are one way the futures trading business is changing in the United States.
| By: John McCrank