Hoenig: significant weakness in economy
November 16, 2009
ABU DHABI (Reuters) - A Federal Reserve official said on Monday that the U.S. economy still faced "significant weaknesses" and urged policymakers to allow large financial institutions to fail if needed.
November 16, 2009
ABU DHABI (Reuters) - A Federal Reserve official said on Monday that the U.S. economy still faced "significant weaknesses" and urged policymakers to allow large financial institutions to fail if needed.
Gold hits another record
November 16, 2009
HONG KONG (Reuters) - Gold hit a fresh record high on Monday as investors hedged against a weak dollar, while Asian shares gained ground after upbeat reports from U.S. retailers underpinned confidence the global economy is recovering.
November 16, 2009
HONG KONG (Reuters) - Gold hit a fresh record high on Monday as investors hedged against a weak dollar, while Asian shares gained ground after upbeat reports from U.S. retailers underpinned confidence the global economy is recovering.
Champion seeks Chapter 11
November 16, 2009
NEW YORK/BANGALORE (Reuters) - Champion Enterprises Inc said on Sunday the company and its domestic operating subsidiaries filed for bankruptcy, and that it hopes to go through a court-supervised sale of its U.S. operations.
November 16, 2009
NEW YORK/BANGALORE (Reuters) - Champion Enterprises Inc said on Sunday the company and its domestic operating subsidiaries filed for bankruptcy, and that it hopes to go through a court-supervised sale of its U.S. operations.
Citi to sell Bellsystem stake to Bain for $1B
November 16, 2009
TOKYO (Reuters) - Citigroup Inc said on Sunday it has agreed to sell its stake in Japanese telemarketer Bellsystem24 to U.S. private equity firm Bain Capital for 93.5 billion yen ($1 billion).
November 16, 2009
TOKYO (Reuters) - Citigroup Inc said on Sunday it has agreed to sell its stake in Japanese telemarketer Bellsystem24 to U.S. private equity firm Bain Capital for 93.5 billion yen ($1 billion).
BlackRock: central banks, net buyers of gold
November 16, 2009
SYDNEY (Reuters) - Central banks will be net buyers of gold this year as they diversify away from the U.S. dollar, marking a reversal of a decades-old trend, global commodities investment fund BlackRock said on Monday in comments that helped drive bullion to fresh record highs.
November 16, 2009
SYDNEY (Reuters) - Central banks will be net buyers of gold this year as they diversify away from the U.S. dollar, marking a reversal of a decades-old trend, global commodities investment fund BlackRock said on Monday in comments that helped drive bullion to fresh record highs.
Noshima apologizes for leaking GDP
November 15, 2009
TOKYO (Reuters) - Japan's trade minister apologized on Monday for disclosing market-sensitive GDP figures in a speech to business executives ahead of their official release, raising questions about the new government's handling of sensitive information.
November 15, 2009
TOKYO (Reuters) - Japan's trade minister apologized on Monday for disclosing market-sensitive GDP figures in a speech to business executives ahead of their official release, raising questions about the new government's handling of sensitive information.
China: responsible global monetary policies
November 15, 2009
BEIJING (Reuters) - China on Monday made a fresh, thinly veiled criticism of the United States for running lax monetary and fiscal policies that risk undermining the dollar.
November 15, 2009
BEIJING (Reuters) - China on Monday made a fresh, thinly veiled criticism of the United States for running lax monetary and fiscal policies that risk undermining the dollar.
Noyer: price stability should be main goal
November 15, 2009
TOKYO (Reuters) - ECB governing council member Christian Noyer said on Monday that he didn't believe monetary policy played a central role in causing the global financial crisis, and that price stability should remain the main objective of central banks.
November 15, 2009
TOKYO (Reuters) - ECB governing council member Christian Noyer said on Monday that he didn't believe monetary policy played a central role in causing the global financial crisis, and that price stability should remain the main objective of central banks.
Stronger yuan needed for rebalancing
November 15, 2009
BEIJING (Reuters) - A stronger Chinese yuan is part of the reforms that Beijing needs to implement to increase domestic consumption and help ease global imbalances, the head of the International Monetary Fund said on Monday.
November 15, 2009
BEIJING (Reuters) - A stronger Chinese yuan is part of the reforms that Beijing needs to implement to increase domestic consumption and help ease global imbalances, the head of the International Monetary Fund said on Monday.
China-U.S. discord on currencies
November 15, 2009
SINGAPORE (Reuters) - The United States and China sparred over exchange rates at a meeting of Asia Pacific leaders on Sunday, pointing to tricky talks ahead for President Barack Obama when he flies to China to address economic tensions.
November 15, 2009
SINGAPORE (Reuters) - The United States and China sparred over exchange rates at a meeting of Asia Pacific leaders on Sunday, pointing to tricky talks ahead for President Barack Obama when he flies to China to address economic tensions.
S&P faces 1,100, searches for catalyst
November 15, 2009
NEW YORK (Reuters) - U.S. stocks could face difficulty gaining traction this week as the S&P 500 bumps against the 1,100 mark and investors become content to cool their heels rather than risk losing gains made for the year.
November 15, 2009
NEW YORK (Reuters) - U.S. stocks could face difficulty gaining traction this week as the S&P 500 bumps against the 1,100 mark and investors become content to cool their heels rather than risk losing gains made for the year.
International Aero Engines in Airbus deal
November 15, 2009
DUBAI (Reuters) - Dubai Aerospace Enterprise said on Sunday it has reached a $340 million agreement with International Aero Engines, a consortium led by Rolls-Royce and Pratt & Whitney , for A320 Airbus aircraft engines.
November 15, 2009
DUBAI (Reuters) - Dubai Aerospace Enterprise said on Sunday it has reached a $340 million agreement with International Aero Engines, a consortium led by Rolls-Royce and Pratt & Whitney , for A320 Airbus aircraft engines.
U.S. judge favors Grupo Mexico
November 14, 2009
CHICAGO (Reuters) - A federal judge has issued a ruling supporting a nearly $2.5 billion bid by Grupo Mexico , the country's largest mining company, for Asarco LLC, paving the way for the U.S. copper miner to exit bankruptcy.
November 14, 2009
CHICAGO (Reuters) - A federal judge has issued a ruling supporting a nearly $2.5 billion bid by Grupo Mexico , the country's largest mining company, for Asarco LLC, paving the way for the U.S. copper miner to exit bankruptcy.
Pay limits hamper BofA chief search
November 14, 2009
CHICAGO (Reuters) - Bank of America Corp's search for a new chief executive has been hurt by federal pay limits that played a major role in the senior vice chairman of PNC Financial Services Group Inc spurning feelers from the company, the Wall Street Journal reported on Saturday.
November 14, 2009
CHICAGO (Reuters) - Bank of America Corp's search for a new chief executive has been hurt by federal pay limits that played a major role in the senior vice chairman of PNC Financial Services Group Inc spurning feelers from the company, the Wall Street Journal reported on Saturday.
Japan’s Hitachi to raise up to $4.5B
November 14, 2009
TOKYO (Reuters) - Hitachi Ltd, Japan's biggest electronics firm by revenues, plans to raise up to 400 billion yen ($4.5 billion) by issuing new shares and convertible bonds to shore up its battered capital base, two sources familiar with the matter said.
November 14, 2009
TOKYO (Reuters) - Hitachi Ltd, Japan's biggest electronics firm by revenues, plans to raise up to 400 billion yen ($4.5 billion) by issuing new shares and convertible bonds to shore up its battered capital base, two sources familiar with the matter said.
S&P faces 1,100, searches for catalyst
November 13, 2009
NEW YORK (Reuters) - U.S. stocks could face difficulty gaining traction next week as the S&P 500 bumps against the 1,100 mark and investors become content to cool their heels rather than risk losing gains made for the year.
November 13, 2009
NEW YORK (Reuters) - U.S. stocks could face difficulty gaining traction next week as the S&P 500 bumps against the 1,100 mark and investors become content to cool their heels rather than risk losing gains made for the year.
U.S. regulators squeeze banks
November 13, 2009
NEW YORK (Reuters) - U.S. regulators are looking hard at banks' expected future tax benefits and the result for some financial institutions could be more writedowns.
November 13, 2009
NEW YORK (Reuters) - U.S. regulators are looking hard at banks' expected future tax benefits and the result for some financial institutions could be more writedowns.
Bair: U.S. bank bailout ‘not a good thing’
November 13, 2009
WASHINGTON (Reuters) - Leading U.S. bank regulator Sheila Bair said on Friday that the government's capital injections into the largest banks was "probably not a good thing."
November 13, 2009
WASHINGTON (Reuters) - Leading U.S. bank regulator Sheila Bair said on Friday that the government's capital injections into the largest banks was "probably not a good thing."
Attention returns to economic data
November 13, 2009
NEW YORK (Reuters) - After an $81 billion refunding this week, the U.S. government securities market turns its attention in the coming week to the state of the economy and what that portends for Federal Reserve monetary policy.
November 13, 2009
NEW YORK (Reuters) - After an $81 billion refunding this week, the U.S. government securities market turns its attention in the coming week to the state of the economy and what that portends for Federal Reserve monetary policy.
Stocks gain on retail hopes, Disney results
November 13, 2009
NEW YORK (Reuters) - U.S. stocks rose in light volume on Friday to achieve a second straight week of gains as upbeat retail news reinforced hopes for strong sales in the key holiday season
November 13, 2009
NEW YORK (Reuters) - U.S. stocks rose in light volume on Friday to achieve a second straight week of gains as upbeat retail news reinforced hopes for strong sales in the key holiday season