Global shares head lower as world slowdown fears growLONDON (Reuters) - European shares joined a global sell-off in riskier assets on Monday after disappointing May economic data from the United States and China overwhelmed any positive impact from hopes … More »Global shares head lower as world slowdown fears grow
LONDON (Reuters) - European shares joined a global sell-off in riskier assets on Monday after disappointing May economic data from the United States and China overwhelmed any positive impact from hopes the world's central banks would ease policy further. The euro slid 0.3 percent to $1.2400, moving closer to the $1.2288 …
Europe mulls major step toward "fiscal union"BERLIN/PARIS (Reuters) - When Jean-Claude Trichet called last June for the creation of a European finance ministry with power over national budgets, the idea seemed fanciful, a distant dream that would … More »Europe mulls major step toward "fiscal union"
BERLIN/PARIS (Reuters) - When Jean-Claude Trichet called last June for the creation of a European finance ministry with power over national budgets, the idea seemed fanciful, a distant dream that would take years or even decades to realize, if it ever came to be. One year later, with the euro zone's debt crisis threatening …
Ford says studying indigenous brands for China marketTAIPEI (Reuters) - Ford Motor is in talks with its partners to introduce indigenous brands in China, while it focuses on building up its own brand in the world's biggest auto market, its China chief said … More »Ford says studying indigenous brands for China market
TAIPEI (Reuters) - Ford Motor is in talks with its partners to introduce indigenous brands in China, while it focuses on building up its own brand in the world's biggest auto market, its China chief said on Monday. Some foreign auto makers have launched so-called indigenous, or China-only, brands with their local partners, …
Acer says no plans to launch non-tablet devices on ARMTAIPEI (Reuters) - Taiwan's Acer Inc said on Monday it would remain closer to U.S. chipmaker Intel, even though Microsoft also embraces rival ARM for its new Windows 8 operating system. The world's No.4 … More »Acer says no plans to launch non-tablet devices on ARM
TAIPEI (Reuters) - Taiwan's Acer Inc said on Monday it would remain closer to U.S. chipmaker Intel, even though Microsoft also embraces rival ARM for its new Windows 8 operating system. The world's No.4 PC vendor has given an upbeat outlook for the second half after delivering a quarterly net profit that lagged market expectations …
Analysis: India's growth: build in an incompetence discountNEW DELHI (Reuters) - It had been another brutal day for the rupee on the foreign exchanges as India's economic crisis escalated and, travelling home from a visit to Myanmar last week, Indian Prime Minister … More »Analysis: India's growth: build in an incompetence discount
NEW DELHI (Reuters) - It had been another brutal day for the rupee on the foreign exchanges as India's economic crisis escalated and, travelling home from a visit to Myanmar last week, Indian Prime Minister Manmohan Singh summoned journalists on his plane for a briefing. The one statement he had prepared for the media that …
- BP is free to sell TNK-BP stake: source
MOSCOW (Reuters) - The Russian billionaire co-owners of TNK-BP , the Russian joint venture of oil major BP, are not in a position to block the possible sale of the British company's stake, a source close … More »BP is free to sell TNK-BP stake: source
MOSCOW (Reuters) - The Russian billionaire co-owners of TNK-BP , the Russian joint venture of oil major BP, are not in a position to block the possible sale of the British company's stake, a source close to BP said. "We can sell it if we want to," the source told Reuters in response to speculation that the billionaire quartet …
Stock futures dip after Friday's big selloff(Reuters) - Stock index futures slid on Sunday in electronic trading after Friday's selloff, the biggest percentage drop for the year for stocks, as worries over the deepening euro zone debt crisis threaten … More »Stock futures dip after Friday's big selloff
(Reuters) - Stock index futures slid on Sunday in electronic trading after Friday's selloff, the biggest percentage drop for the year for stocks, as worries over the deepening euro zone debt crisis threaten to extend recent market weakness. S&P 500 futures fell 9.7 points, or 0.76 percent, to 1,264.20, pointing to a dip …
- Shale boom, Asia demand to dominate global gas conference
SINGAPORE/HONG KONG (Reuters) - The impact of growing gas supplies on the global energy landscape and the prospect of deeper declines in Iranian oil exports as Western sanctions bite will dominate talks … More »Shale boom, Asia demand to dominate global gas conference
SINGAPORE/HONG KONG (Reuters) - The impact of growing gas supplies on the global energy landscape and the prospect of deeper declines in Iranian oil exports as Western sanctions bite will dominate talks at a gas conference next week in Malaysia. The World Gas Conference in Kuala Lumpur takes place this year in the heart …
- Analysis: Economic pain takes toll on U.S. earnings forecasts
NEW YORK (Reuters) - Expectations for U.S. corporate earnings are deflating fast as the euro zone crisis deepens and economic data around the world disappoints. Standard & Poor's 500 earnings for the second … More »Analysis: Economic pain takes toll on U.S. earnings forecasts
NEW YORK (Reuters) - Expectations for U.S. corporate earnings are deflating fast as the euro zone crisis deepens and economic data around the world disappoints. Standard & Poor's 500 earnings for the second quarter are now forecast to grow 7.4 percent, down from an early January forecast of 10.1 percent, according to Thomson …
- Buffett-backed BYD dealers put brakes on advance subsidies: report
HONG KONG (Reuters) - Two of the biggest dealers for the Warren Buffett-backed Chinese automaker BYD have stopped paying an advance subsidy of 120,000 yuan ($18,850) to buyers of its electric cars, a newspaper … More »Buffett-backed BYD dealers put brakes on advance subsidies: report
HONG KONG (Reuters) - Two of the biggest dealers for the Warren Buffett-backed Chinese automaker BYD have stopped paying an advance subsidy of 120,000 yuan ($18,850) to buyers of its electric cars, a newspaper said, putting further pressure on BYD's shares after a recent accident involving one of its vehicles. The dealers …
- Pianalto says jobs report hasn't changed her outlook: WSJ
(Reuters) - The grim U.S. jobs report for May does not warrant further easing of monetary policy, Sandra Pianalto, President of the Federal Reserve Bank of Cleveland, was quoted as saying on Monday. Pianalto … More »Pianalto says jobs report hasn't changed her outlook: WSJ
(Reuters) - The grim U.S. jobs report for May does not warrant further easing of monetary policy, Sandra Pianalto, President of the Federal Reserve Bank of Cleveland, was quoted as saying on Monday. Pianalto told the Wall Street Journal that even though the jobs report was disappointing, she was not yet convinced the economy …
Wall Street Week Ahead: Torn between bulls and bearsNEW YORK (Reuters) - Monday morning will be decision time for traders and investors: Should they buy or sell after Friday's steep decline that pushed the S&P 500 below its 200-day moving average? While … More »Wall Street Week Ahead: Torn between bulls and bears
NEW YORK (Reuters) - Monday morning will be decision time for traders and investors: Should they buy or sell after Friday's steep decline that pushed the S&P 500 below its 200-day moving average? While comments out of Europe over the weekend point to signs of a more urgent push for a fiscal union the euro zone, that may …
Insight: Australia's coal bed LNG export expansion plans falterPERTH (Reuters) - Confidence in Australia's coal seam gas industry, one of the nation's brightest economic prospects, has begun to flicker. For the first time since energy firms kicked off $50 billion … More »Insight: Australia's coal bed LNG export expansion plans falter
PERTH (Reuters) - Confidence in Australia's coal seam gas industry, one of the nation's brightest economic prospects, has begun to flicker. For the first time since energy firms kicked off $50 billion of projects to drill for gas in the region's rich coal deposits less than two years ago, there is a consensus emerging among …
HSBC gets formal approval for Oman merger, names board, CEODUBAI (Reuters) - HSBC Holdings has received formal regulatory approval to merge its business in Oman with local lender Oman International Bank , it said in a statement to the Muscat stock exchange on … More »HSBC gets formal approval for Oman merger, names board, CEO
DUBAI (Reuters) - HSBC Holdings has received formal regulatory approval to merge its business in Oman with local lender Oman International Bank , it said in a statement to the Muscat stock exchange on Sunday. The combined entity, named HSBC Bank Oman, begins operations today after gaining assent from the sultanate's Ministry …
- Euro bailout fund should be used for banks: France
PARIS (Reuters) - French Finance Minister Pierre Moscovici said on Sunday that it would better to recapitalise troubled European banks using the ESM bailout fund than use government money. "I think that … More »Euro bailout fund should be used for banks: France
PARIS (Reuters) - French Finance Minister Pierre Moscovici said on Sunday that it would better to recapitalise troubled European banks using the ESM bailout fund than use government money. "I think that to recapitalise banks it's better to go through direct mechanisms, what we call the ESM, the European Stability Mechanism, …
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