Asia stocks near 1-month high; euro dips after WSJ
(Reuters)
Tue, 07 Sep 2010 02:37:48 GMT
Reuters - Asian stocks hovered near one-month highs on Tuesday as investors awaited Chinese data, while the euro took a hit after a newspaper report rekindled fears about the weakness of European banks. |
Obama kicks off campaign with infrastructure plan
(Reuters)
Tue, 07 Sep 2010 01:50:27 GMT
Reuters - President Barack Obama, scrambling to spur job creation, proposed a six-year plan on Monday to rebuild infrastructure with an initial $50 billion investment and prepared new business tax cuts. |
Oil operations in Gulf unaffected by storm
(Reuters)
Mon, 06 Sep 2010 19:15:45 GMT
Reuters - BP Plc , the largest oil producer in U.S.-regulated areas of the Gulf of Mexico, and Shell Oil Co (RDSa.L) said Monday that Tropical Storm Hermine was not affecting their offshore operations. |
Basel committee seeks 9 percent Tier 1 capital: report
(Reuters)
Mon, 06 Sep 2010 18:43:56 GMT
Reuters - Global banks will be required to hold Tier 1 capital of nine percent including a 3 percent so-called "conservation buffer," German weekly Die Zeit reported, quoting a draft proposal from the Basel Committee, the body tasked with drawing up global banking rules. |
Fed should not set limit on economy aid: Kohn
(Reuters)
Mon, 06 Sep 2010 16:48:40 GMT
Reuters - The Federal Reserve should not announce a limit on its actions if it resumes purchases of Treasury securities to stimulate the U.S. economy, the former vice chairman of the central bank said. |
A look at economic developments around the globe
(AP)
Fri, 03 Sep 2010 17:00:38 GMT
AP - A look at economic developments and activity in major stock markets around the world Friday: |
Diverse water sources key to food security: report
(Reuters)
Mon, 06 Sep 2010 00:02:25 GMT
Reuters - Increasingly erratic rainfall patterns related to climate change pose a major threat to food security and economic growth, water experts said on Monday, arguing for greater investment in water storage. |
Campbell reports Q4 profit rise on better margins
(AP)
Fri, 03 Sep 2010 20:48:36 GMT
AP - Summer is rarely a hot sales season for Campbell Soup Co., and this year's sweltering June and July made that even more true, but the company said Friday that cost-cutting and strong drink sales helped its net income climb. |
Troubles mount for EU bid to re-draw economic government
(AFP)
Mon, 06 Sep 2010 21:15:27 GMT
AFP - Plans to radically re-draw cross-border economic government across Europe hit a stumbling block on Monday 10 days from a deadline for concrete action set by European Union leaders. |
Petrobras sells 64 bln dlrs of stock to fund oil exploration
(AFP)
Fri, 03 Sep 2010 20:57:08 GMT
AFP - Brazil's Petrobras unveiled one of the world's biggest share offerings Friday, a sale of up to 64 billion dollars in new stock to finance oil exploration aimed at turning Brazil into a leading oil exporter of the 21st century. |
WTO to issue Boeing subsidies verdict Sept. 15: source
(AFP)
Mon, 06 Sep 2010 17:12:52 GMT
AFP - The World Trade Organization will issue its long-awaited opinion on Europe's challenge to American subsidies to US aerospace giant Boeing next week, a source close to the matter said Monday. |
Venezuela OKs payment for French retailer Casino
(Reuters)
Sat, 04 Sep 2010 21:09:56 GMT
Reuters - Venezuelan President Hugo Chavez has approved a $690 million payment to French retailer Casino and other owners of a supermarket chain nationalized earlier this year, state media said on Saturday. |
MGIC added $1.2B in mortgage coverage in August
(AP)
Fri, 03 Sep 2010 18:50:41 GMT
AP - Private mortgage insurer Mortgage Guaranty Insurance Corp. said Friday it added $1.2 billion in new primary insurance coverage in August and the number of delinquent loans it insures declined. |
US won't say if blowout preventer on way to shore
(AP)
Mon, 06 Sep 2010 20:24:33 GMT
AP - The Justice Department won't say if the blowout preventer that failed to stop oil from gushing from BP's undersea well into the Gulf of Mexico is on its way to shore. |
Imam behind NYC mosque back in US after Gulf trip
(AP)
Tue, 07 Sep 2010 02:25:09 GMT
AP - An imam who has become the public face of a proposed Islamic community center and mosque near ground zero has returned to the United States following a taxpayer-funded tour of the Middle East, his wife said Monday. |
Kia Motors boss resigns over mass recall
(AFP)
Tue, 07 Sep 2010 02:09:57 GMT
AFP - The head of South Korea's second-largest automaker Kia Motors has resigned to take responsibility for mass vehicle recalls caused by defective electrical wiring, the company said Tuesday. |
Crafting a Career in Eco-Chic Jewelry
(BusinessWeek)
Fri, 03 Sep 2010 12:08:42 GMT
BusinessWeek - Goldman Sachs may not have a lot of friends in the White House these days, but one of its former employees has made a good impression. After three years as an analyst in Goldman's fixed-income, currencies, and commodities division, Monique Pean began her own jewelry line that can now be found in Barneys, Jeffrey New York, and around the neck of Michelle Obama. |
