- Silver drops despite steady market tone elsewhere PAN PYLAS - AP - 47 mins ago
LONDON (AP) — The price of silver was the standout mover in financial markets Monday as it took a hammering for the second trading session in a row, even as stocks remained … More »Silver drops despite steady market tone elsewhere
- Shares grind higher, yen rebounds on minister's remarks Herbert Lash - Reuters - 53 mins ago
By Herbert Lash NEW YORK (Reuters) - Global equity markets resumed this year's rally on Monday, driven higher by a flurry of merger and acquisition activity, while a … More »Shares grind higher, yen rebounds on minister's remarks
By Herbert Lash NEW YORK (Reuters) - Global equity markets resumed this year's rally on Monday, driven higher by a flurry of merger and acquisition activity, while a recent tumble in the yen against the dollar halted after Japan's economy minister suggested the currency might have weakened enough. Despite major American …
- China offers India a 'handshake across the Himalayas' Frank Jack Daniel and Rajesh Kumar Singh - Reuters - 3 hrs ago
By Frank Jack Daniel and Rajesh Kumar Singh NEW DELHI (Reuters) - India and China will study new ways to ease tensions on their ill-defined border after an army standoff … More »China offers India a 'handshake across the Himalayas'
By Frank Jack Daniel and Rajesh Kumar Singh NEW DELHI (Reuters) - India and China will study new ways to ease tensions on their ill-defined border after an army standoff in the Himalayas, Chinese Premier Li Keqiang said on Monday on his first official foreign trip. The number two in the Chinese leadership offered New Delhi …
- Unclear whether Fed's bond buying has helped economy: Fisher Reuters - 5 hrs ago
(Reuters) - While the Federal Reserve's accommodative policies have boosted stocks and helped the rich, it is unclear whether they are doing enough for the broader U.S. … More »Unclear whether Fed's bond buying has helped economy: Fisher
(Reuters) - While the Federal Reserve's accommodative policies have boosted stocks and helped the rich, it is unclear whether they are doing enough for the broader U.S. economy, a top central bank official said on Monday. "We've made rich people richer...," Dallas Fed President Richard Fisher said on CNBC television. "Question …
- Nigeria says switching to foreign debt to lower costs Chijioke Ohuocha - Reuters - 5 hrs ago
By Chijioke Ohuocha LAGOS (Reuters) - Nigeria will increase the amount it borrows overseas to around 40 percent of all debt over the next three to five years, from 12 … More »Nigeria says switching to foreign debt to lower costs
By Chijioke Ohuocha LAGOS (Reuters) - Nigeria will increase the amount it borrows overseas to around 40 percent of all debt over the next three to five years, from 12 percent currently, to lower its cost of funds, the head of the debt office said on Monday. DMO Director General, Abraham Nwankwo, said he expected Nigeria's …
- Oil price falls below $96 a barrel PAMELA SAMPSON - AP - 7 hrs ago
BANGKOK (AP) — The price of oil fell Monday ahead of the release later this week of economic data from the U.S. and China, the world's two largest economies, and a speech … More »Oil price falls below $96 a barrel
BANGKOK (AP) — The price of oil fell Monday ahead of the release later this week of economic data from the U.S. and China, the world's two largest economies, and a speech by the Federal Reserve chief.
- Markets solid despite Fed policy speculation PAN PYLAS - AP - 7 hrs ago
LONDON (AP) — Stock markets remained relatively solid Monday as evidence of a steady economic recovery in the U.S. continued to shore up sentiment. More »Markets solid despite Fed policy speculation
- Mauritius tourism revenue drops 12.4 pct yr/yr in Q1 Reuters - 7 hrs ago
PORT LOUIS (Reuters) - Mauritius's earnings from tourism dropped 12.4 percent from a year earlier to 12.06 billion rupees in the first three months of this year as the … More »Mauritius tourism revenue drops 12.4 pct yr/yr in Q1
PORT LOUIS (Reuters) - Mauritius's earnings from tourism dropped 12.4 percent from a year earlier to 12.06 billion rupees in the first three months of this year as the weak economic environment in Europe hurt visitors' spending. Statistics Mauritius cut its forecast for visitor arrivals this year to 990,000 from a previous …
- World stocks rise on signs of steady US recovery PAMELA SAMPSON - AP - 8 hrs ago
BANGKOK (AP) — Evidence of a steady economic recovery in the U.S. helped push world stock markets higher Monday. More »World stocks rise on signs of steady US recovery
- Shares grind higher, yen edges up on Amari comments Marc Jones - Reuters - 8 hrs ago
By Marc Jones LONDON (Reuters) - Rising optimism about global growth pushed world shares to a near five-year high on Monday, while comments from Japan's economy minister … More »Shares grind higher, yen edges up on Amari comments
By Marc Jones LONDON (Reuters) - Rising optimism about global growth pushed world shares to a near five-year high on Monday, while comments from Japan's economy minister that consumers could suffer if the yen falls further lifted it off a 4-1/2 low. Data last week that showed U.S. consumer sentiment at its strongest in …
- Breakaway Scotland to face high saver protection costs - UK study William James - Reuters - 9 hrs ago
By William James LONDON (Reuters) - The cost of protecting Scottish savers would prove difficult to bear if the country broke away from the rest of the UK, a study by … More »Breakaway Scotland to face high saver protection costs - UK study
By William James LONDON (Reuters) - The cost of protecting Scottish savers would prove difficult to bear if the country broke away from the rest of the UK, a study by the Treasury said on Monday. The findings come in the latest paper from the British government on how independence would impact the country. On Sunday the …
- Analysis: Little sign Abe can shake up Japan's inbound FDI Stanley White - Reuters - 10 hrs ago
By Stanley White TOKYO (Reuters) - Japan risks missing, yet again, an opportunity to use foreign investment to help fuel sustained economic growth that has eluded it … More »Analysis: Little sign Abe can shake up Japan's inbound FDI
By Stanley White TOKYO (Reuters) - Japan risks missing, yet again, an opportunity to use foreign investment to help fuel sustained economic growth that has eluded it for the last two decades. Prime Minister Shinzo Abe pledged to make Japan "the world's easiest country for companies to do business in" as part of his economic …
- Japan upgrades economic outlook as Abe's policies take hold Tetsushi Kajimoto and Izumi Nakagawa - Reuters - 11 hrs ago
By Tetsushi Kajimoto and Izumi Nakagawa TOKYO (Reuters) - The Japanese government upgraded its assessment of the economy on Monday, as emerging signs of an upturn in … More »Japan upgrades economic outlook as Abe's policies take hold
By Tetsushi Kajimoto and Izumi Nakagawa TOKYO (Reuters) - The Japanese government upgraded its assessment of the economy on Monday, as emerging signs of an upturn in exports and factory output added to growing evidence that Prime Minister Shinzo Abe's aggressive polices are beginning to reignite growth. The world's third-biggest …
- Asian stocks rise on signs of steady US recovery PAMELA SAMPSON - AP - 12 hrs ago
BANGKOK (AP) — Evidence of a steady economic recovery in the U.S. helped push Asian stock markets higher Monday. More »Asian stocks rise on signs of steady US recovery
BANGKOK (AP) — Evidence of a steady economic recovery in the U.S. helped push Asian stock markets higher Monday.
- Infosys to challenge latest tax demand of $105.3 million Reuters - 13 hrs ago
BANGALORE (Reuters) - Infosys Ltd, India's No. 2 software services exporter, said on Monday it would challenge a 5.77 billion rupees ($105.3 million) income tax demand … More »Infosys to challenge latest tax demand of $105.3 million
BANGALORE (Reuters) - Infosys Ltd, India's No. 2 software services exporter, said on Monday it would challenge a 5.77 billion rupees ($105.3 million) income tax demand raised by Indian authorities earlier this month. The demand relates to certain tax benefits on income from software development done overseas at the clients' …
- Asia markets up after US delivers positive data PAMELA SAMPSON - AP - 14 hrs ago
BANGKOK (AP) — Evidence of a steady economic recovery in the U.S. helped push Asian stock markets higher Monday. More »Asia markets up after US delivers positive data
BANGKOK (AP) — Evidence of a steady economic recovery in the U.S. helped push Asian stock markets higher Monday.
- CA-BUSINESS Summary Reuters - 20 hrs ago
TSX rises as gold miners lone sore spot TORONTO (Reuters) - Canada's main stock index rose on Friday as robust economic data helped drive gains in energy stocks and financial … More »CA-BUSINESS Summary
TSX rises as gold miners lone sore spot TORONTO (Reuters) - Canada's main stock index rose on Friday as robust economic data helped drive gains in energy stocks and financial shares, offsetting weakness in gold producers. The materials sector, a major component of the S&P/TSX composite which includes gold miners, was the …
- Obama tries to bounce back after tough week Steve Holland - Reuters - 22 hrs ago
By Steve Holland ATLANTA (Reuters) - President Barack Obama complained on Sunday that partisan battles in Washington are holding back stronger U.S. economic growth as … More »Obama tries to bounce back after tough week
By Steve Holland ATLANTA (Reuters) - President Barack Obama complained on Sunday that partisan battles in Washington are holding back stronger U.S. economic growth as he tried to recover from one of the most difficult weeks of his presidency. On a trip to Atlanta, Obama did not specifically mention the three controversies …
- Exclusive: South Africa's NUM seeks 15-60 percent wage rises from gold, coal producers Ed Stoddard - Reuters - 23 hrs ago
By Ed Stoddard JOHANNESBURG (Reuters) - South Africa's National Union of Mineworkers said it would seek pay rises of up to 60 percent from gold and coal producers, raising … More »Exclusive: South Africa's NUM seeks 15-60 percent wage rises from gold, coal producers
By Ed Stoddard JOHANNESBURG (Reuters) - South Africa's National Union of Mineworkers said it would seek pay rises of up to 60 percent from gold and coal producers, raising the prospect of fresh strikes as firms battle higher costs and falling prices in an already heated labor climate. Africa's biggest economy is hoping …
- Sudan to sell stakes in four sugar plants-state media Reuters - Sun, May 19, 2013
KHARTOUM (Reuters) - Sudan, struggling with economic crisis and a budget deficit, plans to sell stakes in four state-owned sugar plants to attract partners, the official … More »Sudan to sell stakes in four sugar plants-state media
KHARTOUM (Reuters) - Sudan, struggling with economic crisis and a budget deficit, plans to sell stakes in four state-owned sugar plants to attract partners, the official news agency SUNA said. The African country has been trying to boost its sugar output to offset the loss of most oil production, the main export product, …
- German minister calls EU move on China solar 'grave mistake' Reuters - Sun, May 19, 2013
BERLIN (Reuters) - German Economy Minister Philipp Roesler said the European Commission made a "grave mistake" by agreeing to impose punitive import duties on solar panels … More »German minister calls EU move on China solar 'grave mistake'
BERLIN (Reuters) - German Economy Minister Philipp Roesler said the European Commission made a "grave mistake" by agreeing to impose punitive import duties on solar panels from China and urged the Commission to work to prevent the eruption of a trade conflict. "It's a grave mistake," Roesler told Welt am Sonntag newspaper …
- Greece to sell Postbank, Proton in July, stress-test big banks Reuters - Sun, May 19, 2013
ATHENS (Reuters) - Greece's bank rescue fund will aim to sell Hellenic Postbank and Proton by mid-July with big banks continuing to absorb small lenders as part of plans … More »Greece to sell Postbank, Proton in July, stress-test big banks
ATHENS (Reuters) - Greece's bank rescue fund will aim to sell Hellenic Postbank and Proton by mid-July with big banks continuing to absorb small lenders as part of plans to revive the battered sector, the country's foreign lenders said in an inspection review. Greece is recapitalizing its four big banks and winding down …
- Job market gains could lead Fed to taper QE3 early Ann Saphir and Jonathan Spicer - Reuters - Sun, May 19, 2013
By Ann Saphir and Jonathan Spicer (Reuters) - The beginning of the end of the Federal Reserve's massive bond-buying program might come sooner than many investors think … More »Job market gains could lead Fed to taper QE3 early
By Ann Saphir and Jonathan Spicer (Reuters) - The beginning of the end of the Federal Reserve's massive bond-buying program might come sooner than many investors think if recent gains in the U.S. labor market do not prove fleeting. Much will depend on how economic data, which has given mixed signals for growth prospects, …
- BoE's King sends message to successor Carney William Schomberg - Reuters - Sun, May 19, 2013
By William Schomberg LONDON (Reuters) - Bank of England Governor Mervyn King has urged successor Mark Carney not to bring to Britain his trademark policy of spelling … More »BoE's King sends message to successor Carney
By William Schomberg LONDON (Reuters) - Bank of England Governor Mervyn King has urged successor Mark Carney not to bring to Britain his trademark policy of spelling out how long interest rates will remain low. King also said the bank could not be run as "a one-man show," a sign of concern at high expectations that the …
- Bank of England's King sends message to successor Carney William Schomberg - Reuters - Sun, May 19, 2013
By William Schomberg LONDON (Reuters) - Bank of England Governor Mervyn King has urged successor Mark Carney not to bring to Britain his trademark policy of spelling … More »Bank of England's King sends message to successor Carney
By William Schomberg LONDON (Reuters) - Bank of England Governor Mervyn King has urged successor Mark Carney not to bring to Britain his trademark policy of spelling out how long interest rates will remain low. King also said the bank could not be run as "a one-man show," a sign of concern at high expectations that the …
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