tag:blogger.com,1999:blog-2930468021197968902012-02-16T17:34:17.228-08:00Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comBlogger11571100tag:blogger.com,1999:blog-293046802119796890.post-20014005348012925302011-11-11T15:24:00.001-08:002011-11-11T15:24:14.083-08:00

Following are comments on Thursday by policymakers attending the Group of 20 Summit in Cannes, France, and other euro zone officials, as Europe considered the possibility of Greece leaving the euro.FRENCH PRESIDENT NICOLAS SARKOZY On talks with Obama on a possible global transaction tax: "I think we have a common analysis on how to have the world of finance contribute to resolving today's crisis.

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-4283486355756855642011-11-10T15:18:00.001-08:002011-11-10T15:18:30.762-08:00

A journalist at the British tabloid The Sun was arrested Friday in connection with alleged payments to police as part of the investigation into illegal phone hacking by London-based employees of media giant News Corp. (NASDAQ:NWSA), according to a report by Reuters.News Corp. owns The Sun and is also the parent company of FOX Business.A spokesman for News International, which runs News Corp.’s

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-60913362983429147022011-11-09T15:21:00.001-08:002011-11-09T15:21:12.995-08:00

Greek party leaders have agreed on house speaker Filippos Petsalnikos to head the country's new coalition government, barring any last-minute changes, sources from the two major parties said on Wednesday."We have agreed on Petsalnikos but things can change between now and when the prime minister sees the president," a source close to the discussions between the ruling Socialists and the

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-56944180540991057322011-11-08T15:22:00.001-08:002011-11-08T15:22:14.645-08:00

The outlook for uranium miners and nuclear power plant builders has dimmed considerably following the disaster at Japan’s Fukushima Daiichi power plant last spring. The Japanese government is considering building non-nuclear plants to replace the ruined reactors, and Germany has begun the process of de-commissioning all its nuclear generation by 2022. The US has not adopted a no-nukes plan

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-62046863942974233942011-11-07T15:17:00.001-08:002011-11-07T15:17:33.193-08:00

NEW YORK (MarketWatch) -- U.S. stocks on Monday veered between gains and losses as Wall Street trained its European-focused gaze to Italy, where borrowing costs surged to their highest since the country took up the euro. "From confidence votes in Greece to threats of being kicked from the Union, European drama remains as captivating as any of the 'reality' shows on television," noted Paul

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-56774100296679036242011-11-06T15:11:00.001-08:002011-11-06T15:11:04.677-08:00

SANTIAGO -(Dow Jones)- Workers at Chilean copper mine Lomas Bayas, owned by diversified global miner Xstrata PLC (XTA.LN), signed a contract agreement which went into effect on Tuesday, the company said Friday. The agreement, which was negotiated ahead of the legally-mandated schedule, was reached with 555 workers, averting the possibility of a strike. Of the workers, 458 were members of a

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-64086928098480432362011-11-05T16:21:00.001-07:002011-11-05T16:21:54.103-07:00

LONDON -(Dow Jones)- British American Tobacco PLC (BATS.LN) Friday said it purchased 50,000 of its ordinary shares on Nov. 4. MAIN FACTS: -Average price was 2,912.0427 pence per share. -Highest price paid was 2,933.5 pence per share and the lowest price paid was 2,888.5 pence per share. -Company intends to hold these shares in Treasury. -Shares on Friday closed at GBP29.21. Copyright

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-55656443049434996462011-11-04T16:18:00.001-07:002011-11-04T16:18:08.881-07:00

Reuters Investors’ attention may shift away next week from the drama in Greece toward Italy, which has sizable debt woes of its own and has sought help from the International Monetary Fund to put in place austerity measures.Italy, with a much larger economy than Greece, has emerged as possibly the next domino in the ongoing European debt crisis.Plenty of earnings reports from U.S.

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-40903654880514886032011-11-03T16:17:00.001-07:002011-11-03T16:17:11.663-07:00

U.S. service sector activity growth eased in October to its slowest level in three months, but new orders for good from factories unexpectedly rose, suggesting economic growth remains patchy.In other U.S. data reported on Thursday, new claims for unemployment benefits fell below 400,000 last week for the first time in five weeks, suggesting a modest improvement in the labor market, but chain

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-40654950859824054942011-11-02T16:16:00.001-07:002011-11-02T16:16:00.681-07:00

By Edward KrudyStocks rebounded from two days of sharp losses on Wednesday after the Federal Reserve said it is prepared to do more for the economy if conditions warrant, helping to stanch the panicky reaction to Europe's debt crisis.Trading volume was light, however, possibly signaling that worries about Greece hold greater sway than the Fed at this time. Investors sold heavily this week after

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-28977104907174836442011-11-01T16:18:00.001-07:002011-11-01T16:18:43.487-07:00

JPMorgan Chase & Co and UBS AG won dismissal of dozens of claims made against the banks by the trustee seeking money for victims of epic swindler Bernard Madoff's fraud.U.S. District Court Judge Colleen McMahon in New York sided with another judge's opinion earlier this year in trustee Irving Picard's common law claims against HSBC Holdings PLC and several affiliates for lack of standing."I am

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-4848012097568835372011-10-31T16:35:00.001-07:002011-10-31T16:35:23.847-07:00

By Edward Krudy Wall Street closed its best month in 20 years on a down note on Monday as the failure of trading firm MF Global Holdings Ltd and new worries about Europe's debt crisis hammered financial shares.In a sign that Europe's woes were far from over, Italian and Spanish bond yields soared, prompting the European Central Bank to buy the debt, while shares of European banks came under heavy

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-37310391048756173182011-10-30T16:28:00.001-07:002011-10-30T16:28:28.286-07:00

German Chancellor Angela Merkel and French President Nicolas Sarkozy are backing the candidacy of the head of Switzerland's central bank to lead the Financial Stability Board, a newspaper reported on Sunday.The FSB, the G20's regulatory task force, is charged with making sure bank regulations are strong enough to prevent another financial crisis.Heading the FSB would not require the incumbent to

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-42458230752804532222011-10-29T15:19:00.001-07:002011-10-29T15:19:15.637-07:00

By Tom MilesA World Trade Organization panel largely backed China on Friday in a complaint about European Union import duties on Chinese footwear, dealing a partial victory also to European importers and retailers.In a ruling, the panel told the European Union to bring its method on calculating anti-dumping duties into conformity with WTO rules and said the bloc had acted inconsistently with WTO

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-85292302092575926462011-10-28T15:16:00.001-07:002011-10-28T15:16:54.893-07:00

SANTIAGO -(Dow Jones)- Chilean fuel-and-forestry conglomerate Empresas Copec SA (COPEC.SN) increased its indirect controlling stake in Colombian fuel company Terpel to 39.1% from 26.4%, Copec said Friday. Copec purchased a 14.4% stake in Colombian holding company Sociedad de Inversiones en Energia SA (SIE.BO), which controls Terpel, for $181 million. Last year, Copec paid $285.5 million for

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-90784020151132462011-10-27T15:14:00.001-07:002011-10-27T15:14:42.983-07:00

By Renee Maltezou and Daniel FlynnGreece vowed on Thursday to press ahead with economic reforms to capitalize on an EU deal to slash the country's debt, despite widespread anger among citizens at the prospect of years of painful belt-tightening demanded by foreign lenders.In a bid to calm fears among Greece's 11 million people, Finance Minister Evangelos Venizelos promised there would not be

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-60824199098248513802011-10-26T15:26:00.001-07:002011-10-26T15:26:27.064-07:00

FRANKFURT -- European Union leaders on Wednesday called for the creation of medium-term debt guarantees in order to avoid a credit crunch. In the joint statement issued after a meeting of all 27 EU leaders in Brussels, the heads of state said measures for restoring confidence in the banking sector are "urgently needed." The statement said guarantees "on bank liabilities would be required to

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-32411346111218010462011-10-25T15:22:00.001-07:002011-10-25T15:22:07.027-07:00

President Barack Obama said Tuesday the United States would once again waive import duties on goods made in the Ivory Coast, Guinea and Niger after the countries held free and fair democratic elections.Obama issued a proclamation restoring benefits for the three countries under African Growth and Opportunity Act (AGOA), which was signed into law in 2000."Today's announcement is the result of

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-9028641031221926512011-10-24T15:20:00.001-07:002011-10-24T15:20:23.369-07:00

TOP STORIES: Rice Futures Climb Daily 50c Limit On Thailand Flood Damage CHICAGO -(Dow Jones)- U.S. rice futures surged Monday on increasing fears that severe flooding will cause significant crop losses in Thailand, the world's top exporter of the grain. STORIES OF INTEREST: Moroccan Rainfall To Boost Wheat Plantings LONDON (Dow Jones)--Morocco's main wheat planting areas have

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-46860626334742902052011-10-23T15:21:00.001-07:002011-10-23T15:21:33.222-07:00

By Louise EganAs a young hockey player with dreams of making it big, Mark Carney liked to get revved up before a big game by listening to AC/DC's "Hell's Bells."The still-athletic, 46-year-old is certain to get the job, according to sources who spoke to Reuters on condition of anonymity, although he must wait for G20 leaders to give him their formal blessing at a Nov 3-4 summit in Cannes,

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-74826279437236197192011-10-22T15:25:00.001-07:002011-10-22T15:25:45.017-07:00

HOUSTON -(Dow Jones)- A small fire at LyondellBasell Industries' (LYB) refinery in Houston has not affected operations, the company said Saturday. Lyondell had been demolishing a de-commissioned chemical unit at the 268,000 barrel-a-day refinery when an insulation fire broke out around 11:30 p.m. local time Friday, Lyondell spokesman David Harpole said. The fire was contained in the structure

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-17890782379142409372011-10-21T15:12:00.001-07:002011-10-21T15:12:32.590-07:00

SAN FRANCISCO (MarketWatch) -- Technology shares were mostly in positive territory Friday, propelled by rising shares of Seagate Technology, SanDisk Corp and Altera Corp. The Nasdaq Composite Index (RIXF) rose 1.5% to close at 2,637. The benchmark ended the week down 1.1%. Leading the rally were shares of Seagate (STX) which jumped 27.9% to close at $15.42 as analysts saw the hard-disk

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-64287564178407144532011-10-20T15:17:00.001-07:002011-10-20T15:17:36.809-07:00

FRANKFURT -- This Sunday's summit meeting of euro-zone leaders will be followed by a second meeting no later than Wednesday, the Associated Press reported Thursday. The plan for a second gathering comes as prospects for leaders to reach a detailed agreement on leveraging the region's bailout fund and agreeing on larger writedowns on Greek government debt for private bondholders at the Sunday

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-87039432173724333332011-10-19T15:37:00.001-07:002011-10-19T15:37:25.827-07:00

WASHINGTON -(Dow Jones)- Chevron Corp. (CVX) Chief Executive John Watson had some kind words Wednesday for the U.S. agencies that oversees offshore oil drilling, breaking ranks with many of his colleagues in the oil and gas industry who routinely blister the agencies for the pace at which they issue new drilling permits. While generally critical of the U.S. government's energy policy--and

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-85910896133638682262011-10-17T15:16:00.001-07:002011-10-17T15:16:18.670-07:00

MEXICO CITY -(Dow Jones)- A U.S. court has ruled that Mexican mining company Grupo Mexico SAB (GMEXICO.MX) must pay $1.3 billion to its Southern Copper Corp. (SCCO) unit because Grupo Mexico overvalued a third mining company, Minera Mexico, that it merged with Southern Copper in 2005 when it joined its Peruvian and Mexican mining operations. Grupo Mexico said Monday it will appeal the ruling

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-82770868735614036842011-10-16T15:12:00.001-07:002011-10-16T15:12:07.348-07:00

--Reliance Industries 2Q net profit come in roughly in line with estimates --Reliance Industries 2Q sales rose to INR785.69 billion --Gross refining margin of $10.10/barrel slightly disappoints --Reliance says it has received all payments that were due from BP; production-sharing contracts under deal have been revised and submitted to government for approval (Adds earnings details,

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-24754671936814072522011-10-15T15:15:00.001-07:002011-10-15T15:15:29.248-07:00

PARIS (Reuters) - G20 finance ministers and central bank governors put strong pressure on euro zone leaders at a two-day meeting in Paris to come up with a convincing solution to the bloc's debt crisis and avert the risk of a fresh global recession.Following are key quotes from closing news conferences on Saturday by G20 chair France and other delegations:CANADIAN FINANCE MINISTER JIM

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-52379757145044515582011-10-14T15:11:00.001-07:002011-10-14T15:11:05.214-07:00

PARIS -(Dow Jones)- ArcelorMittal (MT), the world's largest steelmaker, doesn't expect European demand for hot-rolled coil, a type of flat steel product, to recover to the high levels seen prior to the financial crisis of 2008-09 until 2016, a senior ArcelorMittal executive said Friday. "To come back to previous levels, it will take five years," Robrecht Himpe, Executive Vice President of

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-87378371134769789092011-10-13T15:29:00.001-07:002011-10-13T15:29:19.449-07:00

Glencore International PLC (GLEN.LN) is close to agreeing to lend $800-$900 million to Indonesia's PT Bakrie & Brothers (BNBR.JK) to help the holding company of Bakrie Group refinance debt of $1.35 billion and stave off a potential default, Reuters reported Thursday, citing sources with knowledge of the deal. The deal involves Glencore receiving additional marketing rights on coal produced by

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-26704439626400778662011-10-12T15:16:00.001-07:002011-10-12T15:16:55.367-07:00

--New agreement with Bayer means Onyx would keep current Nexavar rights if there is change of control --Onyx gets $160 million payment for Nexavar royalty rights in Japan --Onyx also gets access to experimental cancer drug regorafenib (Updates throughout with details on agreement, analyst company, background.) Onyx Pharmaceuticals Inc. (ONXX) has reached an agreement with Bayer AG (

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-17510194182509876382011-10-11T15:18:00.001-07:002011-10-11T15:18:37.514-07:00

OTTAWA -(Dow Jones)- Canada's official international reserves rose $5 million in the week ended Oct. 8, the Bank of Canada reported. At Oct. 8, the official international reserves totaled $63.723 billion, compared with $63.718 billion at Sept. 30. The latest reserves included: -U.S. dollars, $31.543 billion; -other foreign currencies, $19.082 billion; -gold, $180 million; -special

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-38094608226196798122011-10-10T15:07:00.001-07:002011-10-10T15:07:33.008-07:00

TOP STORIES: Australia Government Approves BHP's Expansion Of Olympic Dam SYDNEY -(Dow Jones)- Australia's government Monday gave the green light for a massive expansion of the BHP Billiton Ltd. (BHP.AU) operated Olympic Dam mine in South Australia state but applied more than 100 stringent conditions, from protecting the region's fish to maintaining the landscape. Talks To End Labor Row At

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-50903247056681801332011-10-09T15:23:00.001-07:002011-10-09T15:23:27.673-07:00

(Reuters) - Bank of America Corp said it will pay $11 million total to ousted executives Joe Price and Sallie Krawcheck, according to separation agreements filed by the bank Friday.Krawcheck, a former Citigroup Inc executive who came to Bank of America in 2009, will receive a one-time payment of $5.15 million, while Price, a Bank of America veteran, gets $4.15 million. Both will also receive

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-75764559124452581132011-10-08T15:11:00.001-07:002011-10-08T15:11:39.307-07:00

DHAHRAN, Saudi Arabia (Zawya Dow Jones)--Dow Chemical Co.'s (DOW) top executive said Saturday a planned mega chemical joint venture with Saudi Arabian Oil Co. would generate revenues to the tune of $10 billion within five years, making the company the equivalent of a Fortune 250 company. "Five years from now, we expect the venture to be the equivalent of a Fortune 250 company, generating over

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-7275181361158689552011-10-07T15:16:00.001-07:002011-10-07T15:16:47.846-07:00

The following table lists unplanned and planned production outages at U.S. refineries as reported by Dow Jones Newswires. The information is compiled from both official and unofficial refining sources and doesn't purport to be a comprehensive list. Turnaround maintenance is under way at ConocoPhillips' (COP) oil refinery in Ponca City, Okla., company spokesman Rich Johnson said on Oct. 6.

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-81563663549070338382011-10-06T15:21:00.001-07:002011-10-06T15:21:15.944-07:00

WASHINGTON - President Barack Obama on Thursday cast his jobs bill as insurance against a double-dip recession and urged Congress to pass the measure swiftly. "If we don't take action, we could end up having more significant problems than we have now," Obama said at a news conference. Obama said the European debt crisis posed a serious threat to the recovery. "The problems Europe is having today

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-72763728040180114712011-10-05T15:21:00.001-07:002011-10-05T15:21:41.916-07:00

SAN FRANCISCO (MarketWatch) -- Technology stocks rose Wednesday, with gains coming from Apple Inc., Cisco Systems Inc., Hewlett-Packard Co. and Research In Motion.Apple (AAPL) shares rose $4.28, or 1.1%, to $376.7, a day after the launch of its new iPhone 4S in the prior session failed to create a buzz and on news that Samsung was seeking to ban the product in France and Italy.Cisco Systems Inc.

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-57700706979513462362011-10-04T15:09:00.001-07:002011-10-04T15:09:20.161-07:00

--Sarkozy confirms government cancelled permits for shale gas exploration --GDF Suez CEO: banning shale gas forever would be a major mistake --Oil industry group: France is the only country that bans fracking (Adds comments from industry group, GDF Suez CEO.) PARIS -(Dow Jones)- French President Nicolas Sarkozy Tuesday reiterated that his government won't authorize the drilling for

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-67744452737588260572011-10-03T15:13:00.001-07:002011-10-03T15:13:24.952-07:00

RIO DE JANEIRO -(Dow Jones)- Brazilian miner Vale (VALE,VALE5.BR) is working on an accord with the Guinean government by which it will concede 35% of its Simandou iron ore project to the government in line with new mining laws introduced in the country, according to a manager at Vale. Vale's expected accord with Guinea would be in the same mould as the agreement recently struck between rival

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-15103987820665834282011-10-02T15:27:00.001-07:002011-10-02T15:27:59.584-07:00

By Caroline ValetkevitchNEW YORK (Reuters) - Investors are worried U.S. earnings growth may finally fall back to earth as turmoil in Europe and signs of a less robust Chinese economy hurt foreign support.The euro zone's debt crisis and weakness in China have fueled investor concern that the global economy could tip back into recession, possibly dampening U.S. earnings growth at a time when the

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-82183998316758898842011-10-01T15:26:00.001-07:002011-10-01T15:26:42.519-07:00

Braskem Solidifies Its U.S. Polypropylene Leadership and Global Expansion Efforts The company completes its acquisition of The Dow Chemical Company Polypropylene Business; builds its global polypropylene capacity to four (4) million tons per year. PR Newswire SAO PAULO, Sept. 30, 2011 SAO PAULO, Sept. 30, 2011 /PRNewswire/ -- Braskem, the leading resin producer in the Americas,

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-69198278682729943412011-09-30T15:28:00.001-07:002011-09-30T15:28:26.039-07:00

Reuters Morgan Stanley shares fell as much as 7.8 percent Friday because of concerns about its exposure to European banks.Shares of the second-largest U.S. investment bank were down 6.7 percent at $14.08, having earlier fell 7.8 percent to an intraday low of $13.91.Comparable financial stocks were also down. Goldman Sachs Group Inc fell 2.6 percent to $30.58 and the NYSE Arca Securities

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-84006141109401206332011-09-29T15:15:00.001-07:002011-09-29T15:15:13.392-07:00

Pending sales of existing homes fell less than expected in August despite rock-bottom mortgage rates, underscoring the difficulties policymakers face in helping the struggling housing sector.The National Association of Realtors said on Thursday that its pending home sales index, based on contracts signed in August, was down 1.2 percent to 88.6, its lowest since April.Analysts polled by Reuters

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-19904644317021132822011-09-28T16:02:00.001-07:002011-09-28T16:02:09.017-07:00

U.S. stocks bobbed in and out of positive territory as investors continued to track developments on Europe's debt crisis. The Dow Jones Industrial Average gained 34 points, or 0.3%, to 11224 in midday trading. The Standard & Poor's 500-stock index was flat at 1177, while the Nasdaq Composite was off two points, or 0.1%, to 2545. If stocks can finish with gains, they will extend the recent

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-84231075741698360442011-09-28T16:00:00.001-07:002011-09-28T16:00:44.323-07:00

SAN FRANCISCO (MarketWatch) -- Technology stocks slid into the red as falling semiconductor shares weighed the sector down, offsetting gains in shares of Amazon.com Inc., which got a lift from its rollout of a new tablet. The chip retreat was led by Advanced Micro Devices Inc. (AMD), which fell 5.2% to close at $6.15, while LSI Corp. (LSI) lost 5.6% to close at $5.44 and SanDisk Corp. (SNDK)

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-25144270561662593362011-09-27T15:20:00.001-07:002011-09-27T15:20:17.893-07:00

WASHINGTON - Dallas Federal Reserve Bank President Richard Fisher slammed the central bank's decision last week to extend the maturity of its balance sheet dubbed Operation Twist, calling it "jujitsu on the yield curve" that is 'likely to prove ineffective" and could actually work against job creation. In a speech in Dallas, Fisher said his regular business contacts gave him an "earful" of

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-12424186602351968602011-09-26T15:20:00.001-07:002011-09-26T15:20:31.888-07:00

Treasury Secretary Timothy Geithner said Europe is trying to move forcibly to fix its debt crisis, reports Dow Jones Newswires, the sister company to FOX Business."I think they are moving--they are certainly trying to signal more commitment--to put more force behind their efforts to try to deal with the financial crisis they are facing," Geithner said after touting President Barack Obama’s jobs

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-46839062351536331862011-09-25T15:13:00.001-07:002011-09-25T15:13:45.835-07:00

WASHINGTON (Reuters) - Douglas Flint, the chairman of European banking powerhouse HSBC , will take over as chairman of the global banking lobby Institute of International Finance when current chairman, Deutsche Bank CEO Josef Ackermann, steps down next year, banking sources said on Saturday."Flint will succeed Josef Ackermann next year," a senior banking source said.Flint has been chairman of

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-76867693637360824372011-09-24T15:21:00.001-07:002011-09-24T15:21:50.606-07:00

By Grant McCoolNEW YORK (Reuters) - A Bank of America Corp shareholder sued the bank on Friday for what he said was a failure to disclose it potentially owes more than $10 billion to American International Group Inc in connection with mortgage-backed securities.The lawsuit, filed in U.S. District Court in Manhattan, seeks class action status on behalf of purchasers of Bank of America stock

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-25081706008496677082011-09-23T15:24:00.001-07:002011-09-23T15:24:13.476-07:00

WASHINGTON -- Calls for a "gigantic" increase in the size of Europe's bailout fund are unreasonable, because the fund will not solve all of the region's problems, Antonio Borges, head of the International Monetary Fund's European division, said Friday. The Group of 20, composed of the world's top economies, has been pressing Europe to leverage the size of the European Financial Stabilization Fund

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-28147557064442075312011-09-22T15:16:00.001-07:002011-09-22T15:16:43.290-07:00

LONDON -(Dow Jones)- Imperial Tobacco Group PLC (IMT.LN) Thursday said it purchased 175,000 ordinary shares at an average price of 2037.536 pence per ordinary share on Sept. 22. MAIN FACTS: -Purchased shares will all be held as treasury shares. -Shares on Thursday closed at GBP20.17. Copyright © 2011 Dow Jones Newswires

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-37024609753220721382011-09-21T15:22:00.001-07:002011-09-21T15:22:35.266-07:00

Demand for gold as a safe haven has driven demand for more places to store that gold. And it’s getting harder more difficult to find that storage, resulting in a boom of sorts in the vault business. Small investors pay up to 1% of the value of their holdings for the opportunity to store gold, while hedge funds and ETFs may pay about 0.4%, according to a report from Bloomberg.Mega-banks, too,

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-54706173759626736672011-09-20T15:27:00.001-07:002011-09-20T15:27:27.270-07:00

LIMA -(Dow Jones)- South Africa's Gold Fields Ltd. (GFI, GFI.JO) has increased its mineral resource estimate for its 51%-owned Chucapaca gold project in southern Peru, according to a company presentation. Gold Fields says that Chucapaca has an estimated resource of 7.6 million gold equivalent ounces, up from 5.6 million ounces reported in May 2010. Gold Fields expects to submit the

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-65402118860562309712011-09-19T15:20:00.001-07:002011-09-19T15:20:18.496-07:00

FRANKFURT -(Dow Jones)- Wintershall AG, a unit of BASF SE (BAS.XE), won't pursue unconventional drilling methods for natural gas against the will of the public, Wintershall chief geologist Dieter Kaufmann said at a conference Monday. "If a project doesn't receive social acceptance, it should be terminated," Kaufmann said. Shale drilling, which involves pumping water through layers of stone

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-45444090979280369812011-09-18T15:19:00.001-07:002011-09-18T15:19:47.366-07:00

FRANKFURT -(Dow Jones)- German companies won't be at a disadvantage to getting contracts for rebuilding Libya, despite the German government's rejection of the NATO military intervention in the country, a member of the Libyan National Transitional Council, Mansour Saif Al-Nasr, tells German magazine Focus in an interview published Sunday. "Even though Germany was against the military action..

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-73758593698812960562011-09-17T15:16:00.001-07:002011-09-17T15:16:43.968-07:00

By Bernie WoodallDETROIT (Reuters) - General Motors Co and the United Auto Workers union reached a proposed contract for almost 49,000 production workers that both sides said would create new factory jobs and include profit-sharing bonuses.Details of the tentative contract reached on Friday were being withheld until the contract could be reviewed by UAW officials at a meeting set for Tuesday in

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-8495137397625390262011-09-16T15:19:00.001-07:002011-09-16T15:19:55.602-07:00

The U.S. Census Bureau released two pieces of widely followed data yesterday — one on poverty and the other on median income for 2010. The most interesting findings in this release were the state-by-state figures, especially when compared to national averages. A closer look at the statistics shows that a relatively small number of states suffer such widespread levels of low income and poverty

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-23316950878530892512011-09-15T15:22:00.001-07:002011-09-15T15:23:00.087-07:00

The Kansas City Federal Reserve Bank on Thursday named Esther George, a long-time bank supervisor at the institution, as its president to replace Thomas Hoenig, who is retiring.George, who holds a master's degree in business administration, has most recently been the Kansas City Fed's first vice president and chief operating officer. She was its vice president in charge supervision and risk

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-13523299724464565132011-09-14T15:29:00.001-07:002011-09-14T15:29:21.180-07:00

WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner on Wednesday urged European leaders to act more forcefully to solve Europe's escalating debt crisis and said they have the financial and economic capacity to do so."They recognize that they have been behind the curve. They recognize that it will take more force behind their commitments," Geithner told CNBC television two days before he

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-78469913882272934132011-09-13T15:28:00.001-07:002011-09-13T15:28:19.752-07:00

WASHINGTON -(Dow Jones)- The six additional types of E. coli bacteria the U.S. Department of Agriculture said Monday it will declare as adulterants and begin testing for next year in beef can be just as deadly as, and are more pervasive than, the one type--E. coli 0157:H7--it tests for now, USDA Secretary Tom Vilsack said Tuesday.The USDA will not begin barring contaminated raw beef sold in

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-37471016007577979152011-09-12T15:21:00.001-07:002011-09-12T15:21:07.352-07:00

The following table lists unplanned and planned production outages at U.S. refineries as reported by Dow Jones Newswires. The information is compiled from both official and unofficial refining sources and doesn't purport to be a comprehensive list. Exxon Mobil Corp. (XOM) on Sep. 12 said planned work at its joint venture refinery in Chalmette, La., caused emissions at the sulfur plant on Sep.

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-11221284729239988142011-09-11T15:24:00.001-07:002011-09-11T15:24:42.299-07:00

AMMAN -(Dow Jones)- A top Iraqi government energy committee has approved a deal with Royal Dutch Shell PLC (RDSA) to capture and exploit associated gas from its giant southern oil fields, the country's oil minister said Sunday. The Iraqi oil ministry struck a deal in July with Shell and Japan's Mitsubishi Corp. (8058.TO) to develop gas production in southern Iraq. But to become valid the deal

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-84598633114741372502011-09-10T15:28:00.001-07:002011-09-10T15:28:11.284-07:00

By Harry PapachristouTHESSALONIKI, Greece (Reuters) - Debt-laden Greece's government vowed on Saturday to stay the course of austerity, sending a message to its increasingly frustrated lenders it will do everything it takes to avoid a bankruptcy that would rock the euro.Anger at the country's failure to meet fiscal targets under its EU/IMF bailout has reached boiling point, prompting senior euro

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-63600023917434176862011-09-09T15:17:00.001-07:002011-09-09T15:17:28.368-07:00

It was just under ten years ago that I was in Spain and Portugal for a vacation and a day of running with the bulls in Pampalona. Unlike most trips to Europe, there was a handy difference. The Euro cost less than $0.90 at the time. It was an extreme low and we know exactly how bad that situation eroded and the Euro reached nearly $1.60 by 2008. Now the range has been more in a level of

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-18098242223252798502011-09-08T15:31:00.001-07:002011-09-08T15:31:40.260-07:00

WASHINGTON - Butting heads with the Obama administration, a group of 37 lawmakers on Thursday called for a short-term extension of regulations that would allow the maximum size of loans that can be guaranteed by government controlled mortgage giants Fannie Mae and Freddie Mac remain at the current level of $729,750. Without action by Congress, the limit on loans that Fannie and Freddie can

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-23675521427982329702011-09-07T15:22:00.001-07:002011-09-07T15:22:35.347-07:00

TOP STORIES: Cropcast Projects US Corn Output Will Drop 4.3% From 2010 CHICAGO -(Dow Jones)- Cropcast Ag Services, a well-known agricultural weather firm, projected U.S. farmers will harvest 4.3% less corn than last year due to poor weather. STORIES OF INTEREST: UPDATE: Egypt's GASC Buys 300,000 Tons Russian, Kazakh Wheat CAIRO (Dow Jones)--Egypt's state-owned wheat buyer, the General

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-22125845184415159822011-09-06T15:25:00.001-07:002011-09-06T15:25:48.408-07:00

CARACAS -(Dow Jones)- Venezuela hopes to improve its production and transport of iron after signing three agreements with Chinese companies, state media reported Tuesday. According to the Venezuelan News Agency, the contracts include the purchase of mining equipment, the expansion of a port in the state of Bolivar and the enlarging of a shipping lane in the Orinoco River. The deals were inked

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-79665059371010793082011-09-05T15:13:00.001-07:002011-09-05T15:13:31.268-07:00

By Daniel Flynn and Vicky BufferyPARIS (Reuters) - ECB President Jean-Claude Trichet said on Monday he was convinced the Greek government would take the decisions required to keep its EU-IMF bailout on track, but it had very little time to do so.Trichet also admitted there were differences between the European Central Bank experts and International Monetary Fund (IMF) on the recapitalization

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-23061197313465503422011-09-04T15:50:00.001-07:002011-09-04T15:50:10.580-07:00

BERLIN (Reuters) - The interruption of talks between Greece and international lenders on a new aid tranche is a blow to the stability of Europe's currency, the deputy leader of Germany's junior coalition partners said on Saturday.Christian Lindner, general secretary of the Free Democrats, (FDP) junior coalition partners in Chancellor Angela Merkel's center-right government, said Athens was

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-84522094153739158232011-09-03T15:28:00.001-07:002011-09-03T15:28:28.317-07:00

--Apache will pay for exploration on more than 1 million acres on New Zealand's North Island --TAG Oil holds 100% working interest on tracks, will cede stake to Apache as exploration phases are completed --Apache will pay up to $100 million to meet its obligations in pact --TAG says East Coast Basin holds equivalent of an estimated 1.7 billion barrels of oil, with potentially more locked

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-63537684731409466952011-09-02T15:23:00.001-07:002011-09-02T15:23:08.520-07:00

LONDON -(Dow Jones)- British American Tobacco PLC (BATS.LN), said Friday it purchased 170,000 of its Ordinary shares of 25 pence each, adding that The Company intends to hold these shares in Treasury. MAIN FACTS: -The average price was 2,769.7024 pence per share. -The highest price paid was 2,800 pence per share and the lowest price paid was 2,754.5 pence per share. -Following the

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-43328311626337811092011-09-01T15:22:00.001-07:002011-09-01T15:22:44.073-07:00

NEW YORK (MarketWatch) -- U.S. stocks declined on Thursday, folding after a four-session winning streak, with Wall Street wary ahead of the next day's monthly jobs report. "People are hesitant to make big bets today right in front of the big payrolls report tomorrow," said Alan Skrainka, chief investment officer at Cornerstone Wealth Management. Stocks resumed their decline after briefly

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-70390501813229090232011-08-31T15:29:00.001-07:002011-08-31T15:29:33.345-07:00

--Platts is to reveal final proposals on changes to way it calculates dated Brent in mid-September --Changes needed to combat declining production volumes of crudes feeding into Brent --Shell says changes should be delayed to 1Q 2013 LONDON -(Dow Jones)- Oil price assessment company Platts plans in mid-September to reveal its final proposals on changes to the way it calculates dated Brent

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-62687272631529264472011-08-30T15:30:00.001-07:002011-08-30T15:30:38.344-07:00

By Pedro Nicolaci da CostaWASHINGTON (Reuters) - The Federal Reserve considered a range of actions to help a struggling economy at its August meeting, including the unprecedented step of tying the interest rate policy outlook to a specific unemployment level.Before settling on a promise to keep rates near zero until 2013, a decision that prompted three dissents, Fed officials noted the economic

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-5322026816945040202011-08-29T15:17:00.001-07:002011-08-29T15:17:37.363-07:00

BRATTLEBORO, Vt. (Reuters) - Vermont residents battled epic flooding Monday after the remnants of Hurricane Irene set off the state's worst deluge in more than 80 years, washing out roads, knocking out power and forcing hundreds into shelters. At least one person was killed after being swept into a swollen river in the mountainous, land-locked New England state, which rarely sees tropical storms

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-60334635094549863042011-08-28T15:24:00.001-07:002011-08-28T15:24:46.647-07:00

PARIS (Reuters) - France wants concrete results for a controversial international tax on financial transactions at November's G20 summit of leading economies, Finance Minister Francois Baroin said in remarks published on Sunday.Francois Baroin and his German counterpart Wolfgang Schaeuble met in Paris on August 23 with a view to tabling a joint proposal to their European Union partners in

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-78391526362644581512011-08-27T15:26:00.001-07:002011-08-27T15:26:33.289-07:00

WASHINGTON (Reuters) - The IMF's updated forecasts to be released next month do not foresee a global recession but risks have risen, a senior International Monetary Fund official said on Friday."I can say that our base case is certainly not a recession," IMF First Deputy Managing Director John Lipsky told CNBC television. "There's no doubt however that risks have risen given the weak performance

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-55003340494948558652011-08-26T15:21:00.001-07:002011-08-26T15:21:21.320-07:00

New York City's mass transit system, which serves eight million riders a day, will be shut ahead of Hurricane Irene at approximately noon on Saturday, Governor Andrew Cuomo said in a statement on Friday.The shutdown includes subways, buses and commuter lines that serve the surrounding suburbs, and the loss of mass transit could complicate any possible evacuations.(Reporting by Joan Gralla;

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-49445528834017118822011-08-25T15:16:00.001-07:002011-08-25T15:16:11.197-07:00

LONDON -(Dow Jones)- British American Tobacco PLC (BATS.LN), said Thursday that it purchased 200,000 of its Ordinary shares of 25 pence each to hold in treasury. MAIN FACTS: -The average price was 2,693.6757 pence per share. -The highest price paid was 2,747.5 pence per share and the lowest price paid was 2,647.5 pence per share. -Following the purchase of these shares, the Company

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-52470232344076804902011-08-24T15:26:00.001-07:002011-08-24T15:26:00.072-07:00

LIMA, Peru -(Dow Jones)- One of largest mining companies operating in northern Peru says that a 7-magnitude earthquake that hit Peru on Wednesday hadn't interrupted operations. Roque Benavides, chief executive of precious metals mining concern Compania de Minas Buenaventura (BVN, BUENAVC1.Vl), said in an email message that he wasn't aware of any damage from the earthquake on its operations in

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-7753475642857960162011-08-23T15:23:00.001-07:002011-08-23T15:23:01.602-07:00

NEW YORK (Reuters) - Mitsubishi UFJ Financial Group has lost $1.8 billion from its common stock investment in Morgan Stanley so far, at least on paper, according to a regulatory filing on Tuesday.MUFG's paper losses show how treacherous investments in the financial sector can be as financial markets whipsaw.MUFG converted 7.8 million Morgan Stanley preferred shares into 385.5 million shares of

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-91610477859182591262011-08-22T15:21:00.001-07:002011-08-22T15:21:38.909-07:00

Reuters Brent crude edged lower on Monday in choppy trading as investors hoped the process to restart oil exports from OPEC member Libya would begin soon as the country's six-month-old civil war neared an end.Brent pared losses, bouncing with rallying U.S. crude on the day the September contract expired as rising Wall Street equities provided a boost.Brent crude's forward curve flattened in

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-7760493805226153562011-08-21T15:20:00.001-07:002011-08-21T15:20:38.062-07:00

DHAKA (Reuters) - Textile manufacturers in Bangladesh said they might be forced close their factories unless the government acts to provide more cash incentives and restrictions on imported yarn and fabrics from India."Without these measures we can not survive," said Jahangir Alamin, president of Bangladesh Textile Mills Association.He told Reuters in an interview on Sunday that the manufacturing

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-27238263880269116352011-08-20T15:27:00.001-07:002011-08-20T15:27:47.365-07:00

BERLIN (Reuters) - Germany on Saturday rebuffed renewed calls that euro zone countries should issue joint euro-denominated bonds and have a joint finance minister, arguing that would only be possible if fiscal policy were collective already."As long as we don't collectivise financial policy we also cannot have a uniform interest rate level. The different rate levels are the incentive to run a

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-61576801630012662952011-08-19T15:15:00.001-07:002011-08-19T15:15:53.230-07:00

--Shell divers close relief valve to stop affected pipe leaking --Removal of remaining crude in pipeline will "take time" --"Extensive" monitoring phase to begin --No impact so far on sea, bird life LONDON -(Dow Jones)- Royal Dutch Shell PLC (RDSA.LN) has stopped a leak from an underwater pipe at its Gannet Alpha platform that had been spilling crude oil into the North Sea for more than

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-19768807214532881202011-08-18T15:26:00.001-07:002011-08-18T15:26:46.240-07:00

LONDON -(Dow Jones)- British American Tobacco PLC (BATS.LN), announced Thursday that it purchased 200,000 of its ordinary shares of 25 pence each. MAIN FACTS: -The average price was 2,684.9783 pence per share. -Shares closed Thursday at 2676.5 pence Copyright © 2011 Dow Jones Newswires

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-70307312704631469552011-08-17T15:20:00.001-07:002011-08-17T15:20:18.169-07:00

A popular boy wizard, comic-book heroes and some foul-mouthed women are leading Hollywood toward a record-breaking summer despite the sour economy and high unemployment resulting in tightened consumer spending.Underscoring the notion that movies are recession-proof, U.S. and Canadian ticket sales are expected to finish nearly 5 percent higher than a year ago thanks to the ``Harry Potter'' finale

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-85479976230841039842011-08-16T15:23:00.001-07:002011-08-16T15:23:33.663-07:00

LONDON -(Dow Jones)- Less oil is leaking from a ruptured underwater pipe at Royal Dutch Shell PLC's (RDSA, RDSA.LN, RDSB.LN) Gannet Alpha platform in the U.K. North Sea, the Anglo-Dutch oil major said Tuesday, although the sheen now affects a wider area due to a change in wave and wind conditions. "The rate of leakage from the flowline to the Gannet platform continues to decline and currently

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-44393494444471050722011-08-15T15:25:00.001-07:002011-08-15T15:25:25.057-07:00

NEW YORK (Reuters) - More homeowners prefer to pay off their mortgages sooner as interest rates have stayed near rock-bottom and weak labor conditions have caused them to reduce their debt loads, a survey showed on Monday.The current trend in refinancing into shorter-loan terms is a stark contrast to the one during the height of the housing boom, when families were taking out bigger mortgages

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-65073002365635858692011-08-14T15:15:00.001-07:002011-08-14T15:15:03.903-07:00

Such a deal would come hot on the heels of a tax agreement recently reached between Switzerland and Germany that will net Berlin billions of Swiss francs and force the Swiss banking sector to clean up its act.Odier, president of the Swiss Bankers Association, said talks with Britain were very advanced, though he added important points still have to be clarified."I have no doubt that we will

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-6009728496364209162011-08-13T15:18:00.001-07:002011-08-13T15:18:05.799-07:00

--Shell says an oil spill has occurred at its Gannet Alpha platform in the U.K. North Sea --Shell spokesman says the company has stemmed the leak significantly and is taking measure to isolate it --Government spokesman says spill doesn't appear to be big (Adds Department of Energy and Climate Change comment in sixth paragraph, details on prior leaks at the platform in the ninth paragraph.

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-49756918030517767452011-08-12T15:21:00.001-07:002011-08-12T15:21:55.857-07:00

--Ternium may get permission in September to build a steel mill at Acu, Brazil --Mill is expected to have a capacity to produce up to 7.5 million metric tons a year of steel (Updates with oil processing licence in sixth paragraph, negotiations with automaker in tenth paragraph, LLX 2Q loss in penultimate paragraph.) RIO DE JANEIRO -(Dow Jones)- Latin American steelmaker Ternium SA (TX)

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-67524958431798121132011-08-11T15:26:00.001-07:002011-08-11T15:26:41.049-07:00

NEW YORK (Reuters) - Warren Buffett has been buying amid this week's sharp declines in the market, and has not yet seen anything that suggests another downturn is emerging, the legendary investor told Fortune magazine.In an interview published on Thursday, Buffett also told the magazine he understood why Standard & Poor's lowered its outlook on the credit rating of his conglomerate Berkshire

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-26672042127368157652011-08-10T15:20:00.001-07:002011-08-10T15:20:07.677-07:00

WASHINGTON - President Barack Obama and his top economic advisors will meet with Federal Reserve Chairman Ben Bernanke later on Wednesday, White House spokesman Jay Carney said. Carney said the economy has been weaker than White House economists had expected. He said there was no expectation of another recession. "We...continue to believe that the economy will keep growing," Carney said. On

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-34810968062325997572011-08-09T15:15:00.001-07:002011-08-09T15:15:29.126-07:00

NEW YORK (MarketWatch) -- U.S. stocks rose sharply Tuesday as Wall Street reclaimed a portion of the prior day's massive losses while waiting for what investors hope will be economic reassurances from the Federal Reserve. Investors are "crossing their fingers that Ben is going to come to the rescue," said Nick Raich, director of research at Key Private Bank, referring to Federal Reserve

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-11109493600314264762011-08-08T15:23:00.001-07:002011-08-08T15:23:26.356-07:00

Reuters FOX Business: The Power to Prosper After closing out the worst week since 2008, Wall Street was once again pummeled on Monday after global sovereign debt and economic fears sent traders fleeing equities with few shelters in sight. Today's Markets The Dow Jones Industrial Average plunged 635 points, or 5.6%, to 10,810, the S&P 500 tumbled 79.9 points, or 6.7%, to 1,119 and the

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-60645660269600720592011-08-07T15:27:00.001-07:002011-08-07T15:27:12.741-07:00

BEIJING -(Dow Jones)- China's State Oceanic Administration has criticized ConocoPhillips (COP) for moving slowly to block oil leaks at drilling platforms off China's northeast coast. ConocoPhillips closed drilling platforms B and C as requested, but it has made slow progress on the SOA's requirements to fully investigate risky spots for oil leaks and to fully block sources of leaks, the SOA's

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-26192414477712674252011-08-06T15:22:00.001-07:002011-08-06T15:22:05.635-07:00

WASHINGTON (Reuters) - The U.S. government expects its debt to be downgraded from its current triple-A rating and is preparing for the event, ABC News said on Friday.ABC cited an unnamed government official as its source and said it was uncertain whether the rating would drop from triple-A to AA+ or to AA.(Reporting by Tim Ahmann and Glenn Somerville, Editing by Chizu Nomiyama)

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-73343161782975785292011-08-05T15:24:00.001-07:002011-08-05T15:24:41.235-07:00

Italy buckled to world pressure in a bid to halt a market rout endangering the global economy, pledging to speed up austerity measures and social reforms in return for European Central Bank help with funding.About $2.5 trillion has been wiped off world stocks this week on worries the euro zone debt crisis was spreading and the U.S. was slipping into recession. Better than expected U.S. jobs

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.comtag:blogger.com,1999:blog-293046802119796890.post-88036332117719090902011-08-04T15:21:00.001-07:002011-08-04T15:21:11.008-07:00

Sunoco Inc. (SUN) swung to a second-quarter loss amid weak refining revenue and a large write-down from the sale of its Philadelphia chemicals plant. Shares still rose 2.5% to $36.80 after-hours after the company reported much better-than-expected revenue. The stock was off 11% this year through Thursday's broad sell-off. Most U.S. refiners have posted improving earnings this year as a

Maria Taipalehttp://www.blogger.com/profile/00231989900237689199noreply@blogger.com