Business

People are reflected in a stock index board outside a brokerage in Tokyo Reuters

Growth hopes boost global equities

Reuters – 2 hrs 28 mins ago

LONDON (Reuters) – World stocks rose on Monday on hopes the U.S. economy can avoid slipping back into recession, although the International Monetary Fund's chief economist warned of weak growth in both the United States and Europe. Full Story »

  • Basel committee seeks 9 percent Tier 1 capital: report

    Reuters – 24 mins ago  

    FRANKFURT (Reuters) - Global banks will be required to hold Tier 1 capital of nine percent including a 3 percent so-called "conservation buffer," German weekly Die Zeit reported, quoting a draft proposal from the Basel Committee, the body tasked with drawing up global banking rules. Full Story »

  • Fed should not set limit on economy aid: Kohn

    Reuters – 2 hrs 20 mins ago  

    WASHINGTON (Reuters) - The Federal Reserve should not announce a limit on its actions if it resumes purchases of Treasury securities to stimulate the U.S. economy, the former vice chairman of the central bank said. Full Story »

  • A look at economic developments around the globe

    AP – Fri Sep 3, 1:00 pm ET  

    A look at economic developments and activity in major stock markets around the world Friday: Full Story »

  • What might make the Fed flinch?

    Reuters – Sun Sep 5, 3:54 pm ET  
    Federal Reserve Board Chairman Ben Bernanke makes his way through... Reuters

    WASHINGTON (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. Full Story »

  • Campbell reports Q4 profit rise on better margins

    AP – Fri Sep 3, 4:48 pm ET  
    In this June 19, 2010 photograph, people walk along inside the... AP

    HADDONFIELD, N.J. - Summer is rarely a hot sales season for Campbell Soup Co., and this year's sweltering June and July made that even more true, but the company said Friday that cost-cutting and strong drink sales helped its net income climb. Full Story »

  • EU finmins want budget rule offenders rapped swiftly

    Reuters – 1 hr 56 mins ago  

    BRUSSELS (Reuters) - European Union finance ministers sought on Monday to make sanctions for EU budget rule breakers more automatic, but put off potentially difficult talks on a permanent mechanism to resolve euro zone crises. Full Story »

  • Petrobras sells 64 bln dlrs of stock to fund oil exploration

    AFP – Fri Sep 3, 4:57 pm ET  
    An oil platform off the coast of Brazil. Brazil's Petrobras... AFP/File

    RIO DE JANEIRO (AFP) - Brazil's Petrobras unveiled one of the world's biggest share offerings Friday, a sale of up to 64 billion dollars in new stock to finance oil exploration aimed at turning Brazil into a leading oil exporter of the 21st century. Full Story »

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World News

Suicide attack in NW Pakistan kills 17 people

AP – Mon Sep 6, 9:43 am ET

A Taliban suicide bomber detonated a car in an alley behind a police station in a strategically important town in northwestern Pakistan on Monday, killing at least 17 police and civilians in an explosion that shattered the station and neighboring homes. Full Story »

Technology News

Taiwan's HTC: iPhone's `quiet' challenger

AP – Sun Sep 5, 10:29 pm ET

East Asia is the world's electronics factory, yet unless they are Japanese, producers are largely anonymous. Now HTC Corp., a Taiwanese maker of smart phones, is moving out of the shadows and trying to establish its own brand name as it competes with Apple's iPhone. Full Story »

Science News

Japanese stem cell researcher wins Balzan prize

AP – Mon Sep 6, 11:39 am ET

A Japanese researcher who found a way to give adults cells certain characteristics of embryonic stem cells, a process scientists say could eventually lead to cures for spinal cord injuries and other ailments, has been awarded the Balzan Prize for biology. Full Story »

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