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Nov 18, 2014

World Chefs: Geoffrey Zakarian dishes on must-have ingredients in new book

NEW YORK, Nov 18 (Reuters) – Chef Geoffrey Zakarian reveals
his 50 must-have ingredients at home and the 150 dishes inspired
by them, ranging from appetizers to desserts, in his new
cookbook “My Perfect Pantry.”

The 55-year-old American chef, who has earned praise for his
modern American cuisine, has run a string of restaurants
including The Lambs Club and the National in New York City.

Nov 13, 2014

CBOE bond volatility futures make silent debut

NEW YORK, Nov 13 (Reuters) – A CBOE futures contract tied to
a gauge on the expected volatility of the U.S. bond market,
comparable to the exchange’s futures for its VIX index
for stocks, made nary a ripple in its debut on Thursday.

The Chicago Board Options Exchange launched its futures
contract tied to the CBOE/CBOT 10-year U.S. Treasury Note
Volatility Index. The contracts are geared to traders
who want to hedge against large swings in U.S. bond yields.

Nov 13, 2014

U.S. stocks hold steady, oil sinks below $80

NEW YORK (Reuters) – U.S. stock prices held firm on Thursday after the Dow and Standard & Poor’s 500 reached record intraday highs, while crude fell below $80 a barrel for the first time in four years on further signs of a slowdown in China’s economy.

Data from Beijing showed below-forecast factory output and investment growth at a near-13-year low, reinforcing signs that the world’s second-biggest economy would have its weakest growth in almost 24 years this year.

Nov 13, 2014

U.S. stocks rise, oil falls below $80

NEW YORK (Reuters) – U.S. stock prices rose on Thursday, hovering near record highs, while crude fell below $80 a barrel for the first time in four years on further signs of a slowdown in China’s economy.

Brent crude has fallen more than 30 percent since June, and the Organization of the Petroleum Exporting Countries (OPEC) said demand for its members’ oil could drop by about a million barrels per day in 2015 due to the U.S. shale boom.

Nov 13, 2014

U.S. stocks slip from records; oil falls

NEW YORK (Reuters) – U.S. equity prices edged off record highs on Wednesday led by weakness in the financial sector after six global banks were fined a total of $4.3 billion for currency rigging, while the oil market sagged on concerns about a supply glut.

Global regulators fined UBS AG, HSBC Holdings Plc, Bank of America Corp, Royal Bank of Scotland, JPMorgan and Citigroup Inc for failing to stop their traders from trying to manipulate the foreign exchange market.

Nov 12, 2014

U.S. stocks slip from record highs, oil falls

NEW YORK (Reuters) – U.S. stock prices fell from record highs on Wednesday led by weakness in the financial sector due to five banks paying fines to settle charges of currency rigging, while the oil market sagged on concerns about a supply glut, keeping benchmark Brent prices near a 4-1/2-year low.

Global regulators fined UBS AG (UBSN.VX: Quote, Profile, Research, Stock Buzz) (UBS.N: Quote, Profile, Research, Stock Buzz), HSBC Holdings Plc (HSBA.L: Quote, Profile, Research, Stock Buzz), Royal Bank of Scotland (RBS.L: Quote, Profile, Research, Stock Buzz), JPMorgan (JPM.N: Quote, Profile, Research, Stock Buzz) and Citigroup Inc (C.N: Quote, Profile, Research, Stock Buzz) $3.4 billion for failing to stop their traders from trying to manipulate the foreign exchange market.

Nov 11, 2014

Chicago gains its second three-star Michelin restaurant

By Richard Leong

(Reuters) – Chicago cemented its reputation as a top dining destination on Tuesday with Michelin’s award of its highest three-star ranking to Grace restaurant, making it the city’s second eatery to earn the distinction.

Grace joins the Windy City’s Alinea in ranking among the just over 100 Michelin three-star establishments around the world.

Nov 11, 2014

U.S. stocks hold near record highs, Brent oil hits 4-year low

NEW YORK, Nov 11 (Reuters) – U.S. stock prices held steady
on Tuesday after the Dow and Standard & Poor’s 500 hit record
intraday highs for a fifth straight session, while the dollar
rose against the yen on the prospect of a delay in a planned
sales tax hike in Japan.

Oil prices fell further on the stronger dollar and robust
output from U.S. shale fields, with Brent crude dropping to a
four-year low below $82 a barrel.

Nov 11, 2014

U.S. stocks steady, Brent crude hits 4-year low

NEW YORK (Reuters) – U.S. stock prices were little changed on Tuesday, hovering near Monday’s record closes, while the dollar rose as investors weighed the prospect of further stimulus to aid the recovery of the global economy.

Oil prices fell further on the stronger dollar and robust output from U.S. shale fields, with Brent crude dropping to a four-year low below $82 a barrel.

Nov 7, 2014

U.S. bonds rally on disappointing jobs, wage growth

NEW YORK, Nov 7 (Reuters) – The U.S. Treasury debt market
rallied on Friday as growth in U.S. jobs and wages in October
fell short of expectations, reviving bets the Federal Reserve
will not consider raising interest rates until late 2015.

Treasuries were on track for their best day since Oct. 15,
when massive purchases of Treasuries by traders exiting short
positions sent benchmark yields below 2 percent to 16-month
lows.

    • About Richard

      "I am currently part of the U.S. Treasuries group based in New York, which covers the government debt market as well as interest rate derivatives. Previously, I was a specialist in housing and structured finance. Prior to joining the fixed income team, I had written extensively about the U.S. energy industry with focus on market and regulatory issues."
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