MercoPress. South Atlantic News Agency
Stories for May 13th 2010
-
Thursday, May 13th 2010 - 10:41 UTC
Morgan Stanley Denies Having Misled Investors about Mortgage Derivatives
Morgan Stanley (NYSE:MS) CEO James Gorman denied allegations the US bank misled investors about mortgage derivatives it sold them. The firm is being probed by US prosecutors over whether the bank misled clients when it sold them collateralized debt obligations as its own traders bet that the value of the securities would drop, the Wall Street Journal reported Wednesday.
-
Thursday, May 13th 2010 - 10:38 UTC
Brazil Announces Discovery of Field with 4.5 Billion Barrels of Light Oil
Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP) has revealed that the 2-ANP-1-RJS well, dubbed Franco, is estimated to hold 4.5 billion barrels of recoverable light oil.
-
Thursday, May 13th 2010 - 10:34 UTC
US Trade Deficit Jumps in March with Imports Underlining Recovery
United States trade deficit rose to a 15-month high in March as rising imports underlined the economy's recovery. Figures from the Commerce Department showed the gap between imports and exports rose 2.5% to 40.4 billion US dollars.
-
Thursday, May 13th 2010 - 10:31 UTC
Federal Budget April Revenue Falls 7.9% with Deficit Reaching 82.7 Billion
The US reported its largest April budget deficit on record, 82.7 billion USD as receipts declined in a month that typically sees an increase in individual income tax payments, according to the latest release from the Treasury Department.
-
Thursday, May 13th 2010 - 10:27 UTC
EU Calls on Argentina Not to Restrict Food Imports
The European Union asked Argentina not to restrict food imports, which was reported by manufacturers and producers. Manufacturing sources said that restrictions began being applied in the last few days on products that are also elaborated locally, in a non-written measure that primarily affects the EU and Brazil.
