Asian stocks ease after China data, yen struggles

SINGAPORE (Reuters) – Asian stocks fell on Thursday as investors fretted over tighter monetary policy in China on the back of strong loan growth and quickening inflation, while the yen struggled amid signs that Japan’s economy may need more support.


Pandit sees revival of Citi’s fortunes

Vikram Pandit, Citigroup’s chief executive, will raise the prospect of the US bank earning as much as $20bn from its core business within a few years, a big increase from current levels that would mark a sharp revival in Citi’s fortunes

US suspended BAE Systems’ licences

Washington is likely to allow the US subsidiary of the UK defence company to obtain export licences as before, following the group’s $400m plea agreement over bribery allegations

Mexico’s Slim heads Forbes rich list

Carlos Slim, the Mexican telecommunications billionaire with a net worth of $53.5bn, has been crowned the world’s richest person by Forbes magazine – the first time in 16 years the post has been held by a non-American.

Bets on economy lift Wall Street; banks, tech lead

NEW YORK (Reuters) – Bank and technology shares lifted Wall Street on Wednesday on hopes a revival in business demand will boost corporate profits.


Best Buy bets on 3D TV, but no quick payoffs seen

NEW YORK (Reuters) – While James Cameron’s 3D sci-fi epic “Avatar” took the box office by storm instantly, the road to success will be much longer for Best Buy Co Inc, which is making a big bet on 3D televisions this year.


Senate Passes $149 Billion Bill for Jobless Aid, Tax Breaks

The U.S. Senate Wednesday approved a $149 billion package of jobless aid and tax breaks as Democrats continued efforts to bring down the 9.7 percent unemployment rate before the November congressional elections.

House Democrats Scramble for Votes on Health Reform

Banks, tech lead Wall Street higher

NEW YORK (Reuters) – Bank and technology shares lifted Wall Street on Wednesday on hopes the sectors may be poised for a recovery as the U.S. economy improves.


Lawsuits, poker and the death of a boutique bank

NEW YORK (Reuters) – In September 2008, as Lehman Brothers was breaking into a million pieces, a young investment bank was pushing up through the rubble.


Geithner warns of rift over regulation

Tim Geithner, US Treasury secretary, has delivered a blunt warning to the European Commission that its plans to regulate the hedge fund and private equity industries could cause a transatlantic rift by discriminating against US groups

Fears of China property bubble grow

Chinese real estate prices accelerated last month, rising by their fastest pace in two years despite government efforts to cool the market amid fears of a looming property bubble

Stocks edge higher on hopes for global economy

Global Markets Overview: FTSE All-World index remains becalmed near six-week highs, with stock investors reluctant to push riskier assets higher without a fresh catalyst

Allen takes over helm at EMI Music

The former chief executive of ITV is to take over as executive chairman as the music group, owned by private equity house Terra Firma, seeks to raise £120m in new funds

Wall Street opens higher as M&A heats up

NEW YORK (Reuters) – Wall Street rose at the open on Wednesday as a slew of new corporate deals and a surge in bailed out U.S. financial stocks boosted investor sentiment.


« Previous PageNext Page »