Monday, April 21, 2014

Today's Headlines

Bloomberg: 
  • Russia Says Ukraine Failing to Halt Extremists Seeking Civil War. Russia accused the Ukrainian government of failing to rein in extremists as escalating tensions threaten to undermine a diplomatic accord reached last week and stoke calls in the U.S. for economic sanctions. Ukrainian and Russian officials traded accusations about responsibility for attacks that killed three during the weekend. Foreign Minister Sergei Lavrov in Moscow called on the U.S. to hold the Ukrainian authorities accountable for observing the agreement signed in Geneva, which calls for all illegal groups to disarm and seized buildings to be returned.
  • Copper Seen Falling as Stronger Dollar Cuts Demand for Metals. Copper futures, trading little changed, were poised to decline for the first time in three sessions as gains in the dollar reduced the metal’s appeal as an alternative investment. The Bloomberg Dollar Spot Index, a gauge against 10 major trading partners, rose for a seventh session, heading for the longest streak since May. Through April 17, copper dropped 11 percent this year amid signs that slowing economic growth would reduce metals consumption in China, the world’s top consumer. 
  • Gold Falls to Two-Week Low as Platinum, Palladium Slump. Gold futures for June delivery fell 0.6 percent to $1,285.60 an ounce at 10:39 a.m. on the Comex in New York.
  • Keystone Pipeline Fate Now in Hands of Nebraskan Jurists. The focus of the Keystone XL debate has shifted from a fierce lobbying war in Washington to Lincoln, Nebraska, where the state Supreme Court has been asked to weigh a legal challenge to the pipeline.
Wall Street Journal:
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