Reuters: Business News
Jobs data continues to lift global equities
Mon, 06 Sep 2010 04:30:25 -0400LONDON (Reuters) - Encouraging news about the U.S. employment picture continued to spill over onto financial markets on Monday, lifting world stocks on hopes that a slip back into recession could be avoided.
Obama launches big week on economy
Mon, 06 Sep 2010 01:35:21 -0400WASHINGTON (Reuters) - President Barack Obama launches several economic initiatives this week aimed at generating some desperately needed U.S. job growth and limiting predicted Democratic losses in November 2 congressional elections.
Australia's Macquarie warns on profit
Mon, 06 Sep 2010 04:45:35 -0400SYDNEY (Reuters) - Australia's top investment bank Macquarie Group Ltd warned investors it would miss profit forecasts after weak markets took a toll on its trading and advisory business, sending its shares to a 15-month low.
What might make the Fed flinch?
Sun, 05 Sep 2010 15:54:49 -0400WASHINGTON (Reuters) - The U.S. economy appears to be trudging along, neither booming nor busting, growing steadily enough to diminish double-dip recession fears but not quickly enough to bring down unemployment.
IMF's Lipsky says moderate world recovery underway
Sun, 05 Sep 2010 01:07:07 -0400GWANGJU, South Korea (Reuters) - The world economy is recovering moderately but still faces challenges such as the need for medium-term fiscal consolidation, the IMF's First Managing Director, John Lipsky, said on Sunday.
Hon Hai shares fall after reports on sales target cut
Mon, 06 Sep 2010 01:16:50 -0400TAIPEI (Reuters) - Shares in Hon Hai Group , maker of Apple's iPhones, fell as much as 4 percent on Monday after its chairman was quoted as saying in a report that the group will halve its long-term sales growth target to 15 percent annually.
Bankers gather to assure industry is on right track
Mon, 06 Sep 2010 02:30:49 -0400FRANKFURT (Reuters) - Top executives from some of the world's leading banks are due to gather for a conference in Frankfurt later this week as lenders seek to avoid what they see as overly harsh regulation following the global financial crisis.
China allows insurers to invest in PE, property
Mon, 06 Sep 2010 00:46:24 -0400SHANGHAI (Reuters) - China will allow insurers to broaden their investment channels into private equity and real estate, a long-awaited move that could unleash as much as $100 billion worth of fresh funding into unlisted firms and the property sector.
BP restarts sale of Alaskan assets: report
Sun, 05 Sep 2010 20:54:06 -0400LONDON (Reuters) - BP has revived the sale of its Alaskan assets after failing to offload them to U.S. oil and gas company Apache in July, the Financial Times reported on Monday.
Taxpayers may face initial loss on GM IPO: sources
Sun, 05 Sep 2010 11:00:05 -0400NEW YORK/DETROIT (Reuters) - The U.S. government is likely to take a loss on General Motors Co in the first offering of the automaker's stock, six people familiar with preparations for the landmark IPO said.
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