Greece says finance problems a broader issue
March 9, 2010
WASHINGTON (Reuters) - Greek Finance Minister George Papaconstantinou proposed on Tuesday a ban of derivative trading techniques which increase the debt costs of countries which struggle to cut their deficits, such as Greece.
March 9, 2010
WASHINGTON (Reuters) - Greek Finance Minister George Papaconstantinou proposed on Tuesday a ban of derivative trading techniques which increase the debt costs of countries which struggle to cut their deficits, such as Greece.
EU policy makers muffle monetary fund idea
March 9, 2010
LUXEMBOURG/FRANKFURT (Reuters) - European policy makers played down on Tuesday the idea of creating a European Monetary Fund, saying it was at most a long-term project that did not offer a solution to Greece's immediate debt problems.
March 9, 2010
LUXEMBOURG/FRANKFURT (Reuters) - European policy makers played down on Tuesday the idea of creating a European Monetary Fund, saying it was at most a long-term project that did not offer a solution to Greece's immediate debt problems.
China: Committed to U.S. debt, wary on gold
March 9, 2010
BEIJING (Reuters) - China, the world's biggest holder of foreign exchange reserves, renewed its commitment to the U.S. Treasury market on Tuesday but said it would be wary of substantially boosting its gold holdings.
March 9, 2010
BEIJING (Reuters) - China, the world's biggest holder of foreign exchange reserves, renewed its commitment to the U.S. Treasury market on Tuesday but said it would be wary of substantially boosting its gold holdings.
Northrop quits U.S. tanker contest
March 9, 2010
WASHINGTON/PARIS (Reuters) - Boeing Co came closer to snaring a U.S. aerial refueling aircraft contract worth up to $50 billion as Northrop Grumman Corp withdrew, charging the Air Force's rules favored its rival.
March 9, 2010
WASHINGTON/PARIS (Reuters) - Boeing Co came closer to snaring a U.S. aerial refueling aircraft contract worth up to $50 billion as Northrop Grumman Corp withdrew, charging the Air Force's rules favored its rival.
Deutsche Post ’10 outlook misses estimates
March 9, 2010
FRANKFURT (Reuters) - Deutsche Post DHL unveiled a conservative financial strategy that focuses on saving cash to safeguard its credit rating and gave a 2010 earnings outlook that missed market expectations.
March 9, 2010
FRANKFURT (Reuters) - Deutsche Post DHL unveiled a conservative financial strategy that focuses on saving cash to safeguard its credit rating and gave a 2010 earnings outlook that missed market expectations.
Sony to launch 3D TVs in June, rival Samsung
March 9, 2010
TOKYO (Reuters) - Sony Corp will launch 3D televisions in June, entering an increasingly crowded market that is betting the revolutionary TV will become the next hot product in the electronics industry.
March 9, 2010
TOKYO (Reuters) - Sony Corp will launch 3D televisions in June, entering an increasingly crowded market that is betting the revolutionary TV will become the next hot product in the electronics industry.
World equities up 73 percent after crisis low
March 9, 2010
LONDON (Reuters) - Equities have had a volatile 2010 so far, but globally they remain around 73 percent higher than the low ebb of the financial crisis exactly 12 months ago.
March 9, 2010
LONDON (Reuters) - Equities have had a volatile 2010 so far, but globally they remain around 73 percent higher than the low ebb of the financial crisis exactly 12 months ago.
Greek PM urges G20 effort to rein in speculators
March 9, 2010
WASHINGTON (Reuters) - Greek Prime Minister George Papandreou on Monday urged the Group of 20 nations to crack down on market speculators, warning that failing to do so could trigger another global financial crisis.
March 9, 2010
WASHINGTON (Reuters) - Greek Prime Minister George Papandreou on Monday urged the Group of 20 nations to crack down on market speculators, warning that failing to do so could trigger another global financial crisis.
Romer: Budget fix a long-term issue
March 9, 2010
ARLINGTON, Virginia (Reuters) - The gaping U.S. budget deficit is cause for concern but clamping down on spending immediately would be "pound-foolish" and would derail the recovery, a top White House economic adviser said on Tuesday.
March 9, 2010
ARLINGTON, Virginia (Reuters) - The gaping U.S. budget deficit is cause for concern but clamping down on spending immediately would be "pound-foolish" and would derail the recovery, a top White House economic adviser said on Tuesday.
EADS hit by tanker, A380 superjumbo woes
March 9, 2010
PARIS (Reuters) - Airbus parent EADS ruled out a solo bid for a lucrative U.S. tanker contract after its partner pulled out and said production niggles on its A380 superjumbo would hit core profit this year.
March 9, 2010
PARIS (Reuters) - Airbus parent EADS ruled out a solo bid for a lucrative U.S. tanker contract after its partner pulled out and said production niggles on its A380 superjumbo would hit core profit this year.
Stock futures signal weak open
March 9, 2010
NEW YORK (Reuters) - Stock index futures pointed to a modestly lower open on Tuesday, the anniversary of the lows reached in the recession, as the dollar strengthened and pressured commodity prices.
March 9, 2010
NEW YORK (Reuters) - Stock index futures pointed to a modestly lower open on Tuesday, the anniversary of the lows reached in the recession, as the dollar strengthened and pressured commodity prices.
UAE backs Dubai; Abu Dhabi help lags
March 9, 2010
DUBAI (Reuters) - The United Arab Emirates pledged its support for Dubai on Tuesday but said the emirate had yet to ask for federal help, which analysts said would come reluctantly and with strings attached.
March 9, 2010
DUBAI (Reuters) - The United Arab Emirates pledged its support for Dubai on Tuesday but said the emirate had yet to ask for federal help, which analysts said would come reluctantly and with strings attached.
AIG’s Greenberg to testify Wed on Gen Re
March 8, 2010
NEW YORK (Reuters) - Maurice "Hank" Greenberg, the former chief executive of American International Group Inc, will testify on Wednesday over a sham transaction involving the insurer and a unit of Warren Buffett's Berkshire Hathaway Inc, a judge ruled.
March 8, 2010
NEW YORK (Reuters) - Maurice "Hank" Greenberg, the former chief executive of American International Group Inc, will testify on Wednesday over a sham transaction involving the insurer and a unit of Warren Buffett's Berkshire Hathaway Inc, a judge ruled.
McDonald’s same-store sales up 4.8 percent
March 8, 2010
LOS ANGELES/NEW YORK (Reuters) - McDonald's Corp reported a better-than-expected 4.8 percent rise in February sales at established restaurants as Asia helped offset softness in the United States and Europe, sending its shares up nearly 3 percent.
March 8, 2010
LOS ANGELES/NEW YORK (Reuters) - McDonald's Corp reported a better-than-expected 4.8 percent rise in February sales at established restaurants as Asia helped offset softness in the United States and Europe, sending its shares up nearly 3 percent.
FDIC’s Bair: Low interest rates, more lending
March 8, 2010
ARLINGTON, Virginia (Reuters) - U.S. banking regulator Sheila Bair said on Monday that a low interest rate policy is "clearly appropriate" to get credit flowing, while also saying regulators should stop short of ordering banks to lend.
March 8, 2010
ARLINGTON, Virginia (Reuters) - U.S. banking regulator Sheila Bair said on Monday that a low interest rate policy is "clearly appropriate" to get credit flowing, while also saying regulators should stop short of ordering banks to lend.
Roche, Biogen remove arthritis drug after deaths
March 8, 2010
ZURICH (Reuters) - Swiss drugmaker Roche Holding AG and U.S. biotechnology company Biogen Idec are suspending experimental rheumatoid arthritis and lupus treatment ocrelizumab after deaths following its use, casting doubt over its future.
March 8, 2010
ZURICH (Reuters) - Swiss drugmaker Roche Holding AG and U.S. biotechnology company Biogen Idec are suspending experimental rheumatoid arthritis and lupus treatment ocrelizumab after deaths following its use, casting doubt over its future.
Northrop to skip U.S. tanker bid
March 8, 2010
WASHINGTON/PARIS (Reuters) - Northrop Grumman Corp has decided not to bid against Boeing Co in the U.S. Air Force's multibillion-dollar aerial tanker competition after concluding it would be too risky, according to sources closely following the issue.
March 8, 2010
WASHINGTON/PARIS (Reuters) - Northrop Grumman Corp has decided not to bid against Boeing Co in the U.S. Air Force's multibillion-dollar aerial tanker competition after concluding it would be too risky, according to sources closely following the issue.
BNY Mellon to buy BHF Asset Servicing
March 8, 2010
NEW YORK (Reuters) - Bank of New York Mellon Corp , the world's largest custodian of financial assets, said it agreed to acquire Germany's BHF Asset Servicing GmbH for $343 million.
March 8, 2010
NEW YORK (Reuters) - Bank of New York Mellon Corp , the world's largest custodian of financial assets, said it agreed to acquire Germany's BHF Asset Servicing GmbH for $343 million.
Greek PM urges G20 effort to rein in speculators
March 8, 2010
WASHINGTON (Reuters) - Greek Prime Minister George Papandreou on Monday urged the Group of 20 nations to crack down on market speculators, warning that failing to do so could trigger another global financial crisis.
March 8, 2010
WASHINGTON (Reuters) - Greek Prime Minister George Papandreou on Monday urged the Group of 20 nations to crack down on market speculators, warning that failing to do so could trigger another global financial crisis.
Techs lead Wall St slightly higher
March 8, 2010
NEW YORK (Reuters) - Technology bolstered Wall Street slightly on Monday, as investors bought shares after analysts' comments on BlackBerry maker Research in Motion and Cisco Systems.
March 8, 2010
NEW YORK (Reuters) - Technology bolstered Wall Street slightly on Monday, as investors bought shares after analysts' comments on BlackBerry maker Research in Motion and Cisco Systems.