Today's Reuters Business News Headlines - Yahoo! News:
|
|
Bieber, Swift big winners at slimy Kids' Choice Awards
Sat,31 Mar 2012 10:26 PM PDT
Reuters -  LOS ANGELES (Reuters) - The green slime flowed so much that even first lady Michelle Obama could not escape it at the Kids' Choice Awards on Saturday where singers Justin Bieber and Taylor Swift came away big winners. The program is an annual stop for Hollywood stars who are popular among teenage and young viewers watching the Nickelodeon cable TV network, and this 25th anniversary was no exception. ...
Full Story | Top |
South Korea March exports fall; U.S. shipments up on FTA
Sat,31 Mar 2012 08:54 PM PDT
Reuters -  SEOUL (Reuters) - South Korean exports in March fell 1.4 percent from a year ago, missing a consensus forecast for a small gain and adding to questions about the strength of a global recovery even with a boost to shipments in the first month of a landmark free trade pact with the United States. Shipments to the United States jumped nearly 28 percent thanks to the free trade agreement, but weak sales to the other big markets such as China and the European Union clouded prospects, data published on Sunday showed. ...
Full Story | Top |
China factory output falls for fifth month: HSBC PMI
Sat,31 Mar 2012 08:20 PM PDT
Reuters - BEIJING (Reuters) - China's factory slowdown worsened in March as output fell for a fifth consecutive month and manufacturers received fewer orders, a private survey showed, building the case for Beijing to take new policy steps to shore up economic growth. HSBC said on Sunday its final Purchasing Managers' Index (PMI) fell to 48.3 in March from 49.6 in February, and largely in line with HSBC's Flash PMI reading of 48.1 for March. The sub-index for manufacturing output slid to 47.3 in March from February's 50.2, the second-lowest reading since March 2009 after November's trough of 46.1. ... Full Story | Top |
China factory output falls for fifth month: HSBC PMI
Sat,31 Mar 2012 07:41 PM PDT
Reuters - BEIJING (Reuters) - China's factory slowdown worsened in March as output fell for a fifth consecutive month and manufacturers received fewer orders, a private survey showed, building the case for Beijing to take new policy steps to shore up economic growth. HSBC said on Sunday its final Purchasing Managers' Index (PMI) fell to 48.3 in March from 49.6 in February, and largely in line with HSBC's Flash PMI reading of 48.1 for March. The sub-index for manufacturing output slid to 47.3 in March from February's 50.2, the second-lowest reading since March 2009 after November's trough of 46.1. ... Full Story | Top |
China factory output surprises at 11-month high
Sat,31 Mar 2012 07:31 PM PDT
Reuters - BEIJING (Reuters) - China's big factories were surprisingly busy in March as strong demand quickened the flow of orders, suggesting the economy is stronger than some estimates and possibly reducing the need for an urgent easing in monetary policy. The National Bureau of Statistics said on Sunday China's official Purchasing Managers' Index (PMI) jumped to an 11-month high of 53.1 in March from 51 in February, comfortably beating analyst forecasts of 50.5. The unexpectedly strong PMI number may buoy global financial markets on Monday by diminishing investor worries that the world's No. ... Full Story | Top |
Fed's Kocherlakota sees 2.3 percent inflation in 2013
Sat,31 Mar 2012 05:16 PM PDT
Reuters - EVANSTON, Illinois (Reuters) - U.S. inflation will be above the Federal Reserve's 2 percent target next year, Minneapolis Fed President Narayana Kocherlakota said on Saturday, suggesting he sees pressure building for the central bank to lift interest rates. "I'm expecting inflation to be 2 percent this year, and 2.3 percent next year," Kocherlakota told the Midwest Economics Association's annual meeting. The Fed has kept U.S. short-term borrowing costs near zero for more than three years, and its policy-setting panel has said it expects to need to keep them there through late 2014. ... Full Story | Top |
Fed's Kocherlakota sees 2.3 percent inflation in 2013
Sat,31 Mar 2012 04:46 PM PDT
Reuters - EVANSTON, Illinois (Reuters) - U.S. inflation will be above the Federal Reserve's 2 percent target next year, Minneapolis Fed President Narayana Kocherlakota predicted on Saturday, suggesting he sees pressure building for the central bank to lift interest rates. "I'm expecting inflation to be 2 percent this year, and 2.3 percent next year," Kocherlakota told the Midwest Economics Association's annual meeting. The Fed has kept U.S. short-term borrowing costs near zero for more than three years, and its policy-setting panel has said it expects to need to keep them there through late 2014. ... Full Story | Top |
Brazil spots new oil leak as safety worries rise
Sat,31 Mar 2012 04:39 PM PDT
Reuters -  BRASILIA (Reuters) - Brazilian authorities identified a small oil leak off the shores of Rio de Janeiro on Saturday, the latest in a series of spills that has raised safety concerns over the development of some of the world's largest petroleum reserves. The latest oil leak comes days after a Brazilian prosecutor said he is widening a probe into offshore oil operations in the wake of a 3,000-barrel spill in an offshore field run by Chevron in November. The new leak, which stretches for 1. ...
Full Story | Top |
Euro zone agrees to boost rescue capacity
Sat,31 Mar 2012 12:32 PM PDT
Reuters -  COPENHAGEN (Reuters) - Euro zone finance ministers agreed on Friday to increase their financial firewall to 700 billion euros to ward off a new flare-up of Europe's sovereign debt crisis, drawing a positive initial reaction from G20 partners and markets. The 17-nation currency area agreed to combine two rescue funds to make 500 billion euros of new funds available in case of emergency until mid-2013, on top of 200 billion euros already committed to bailouts for Greece, Ireland and Portugal. ...
Full Story | Top |
China shuts websites, detains six for spreading online rumors
Sat,31 Mar 2012 08:46 AM PDT
Reuters - SHANGHAI (Reuters) - Chinese authorities shut 16 websites and detained six people accused of spreading rumors of unusual military vehicle movements in Beijing, state media reported, after the political downfall of one of the ruling communist party's senior leaders. Authorities closed the websites for spreading rumors of "military vehicles entering Beijing and something wrong going on in Beijing," Xinhua news agency said late on Friday, citing a spokesman with the State Internet Information Office (SIIO). ... Full Story | Top |
GM faces huge costs if Bochum plant shut: works leader
Sat,31 Mar 2012 08:13 AM PDT
Reuters -  Bochum, Germany (Reuters) - Labor leaders at loss-making European car maker Opel have warned parent company General Motors that closing one of its oldest factories in Germany would be massively costly and damage the company's image. "This would cost GM billions," Rainer Einenkel, head of the Bochum plant's works council said at a news conference on Saturday following a staff town hall meeting in the western German city of Bochum. ...
Full Story | Top |
IMF tells Malawi to cut spending, devalue currency
Sat,31 Mar 2012 06:28 AM PDT
Reuters -  LILONGWE (Reuters) - The International Monetary Fund (IMF) said on Saturday that Malawi, which has seen donor aid dry up and revenue shrink, should cut spending and reiterated its call for the devaluation of the kwacha currency. A mission from the fund has been taking stock of the southern African country's public finances, which are in dire straits as Britain and the United States have frozen aid packages worth hundreds of millions of dollars over concerns about the human rights record of President Bingu wa Mutharika. ...
Full Story | Top |
Honda committed to Thailand as flood-hit plant restarts
Sat,31 Mar 2012 03:02 AM PDT
Reuters -  AYUTTHAYA, Thailand, March 31 - Honda Motor Co , Japan's third-largest car maker, officially resumed production on Saturday at its plant in Ayutthaya in Thailand, which was forced to close for almost six months after severe flooding last October. Pitak Pruittisarikorn, executive vice-president for Honda Automobile (Thailand), told a news conference the plant should produce 150,000 vehicles in the remaining nine months of 2012 and the target was for output of 240,000 per year. "Thailand remains the most important production base in Asia and Oceania. ...
Full Story | Top |
Myanmar launches new currency system Monday: bank source
Sat,31 Mar 2012 02:08 AM PDT
Reuters -  YANGON (Reuters) - Myanmar will hold the first auction on Monday under a new currency regime that aims to unify its multiple exchange rates, a senior banker said, outlining the country's boldest economic reform yet after years of isolation. The Central Bank of Myanmar (CBM) has published little so far about the new system. It has announced the new managed float would take effect from April 1, which is a Sunday, when commercial banks are closed. "April 2 will be the first day of the auction," the banker told Reuters, declining to be named because he was not authorized to speak to the media. ...
Full Story | Top |
Wall St closes strongest quarter in more
Sat,31 Mar 2012 01:36 AM PDT
Reuters -  NEW YORK (Reuters) - U.S. stocks ended their strongest quarter in more than two years on a positive note on Friday, led by recently underperforming consumer staples and health care sectors. The Dow Jones industrial average shot up 66.22 points, or 0.50 percent, to end unofficially at 13,212.04. The Standard & Poor's 500 Index gained 5.19 points, or 0.37 percent, to finish unofficially at 1,408.47. But the Nasdaq Composite Index dipped 3.79 points, or 0.12 percent, to close unofficially at 3,091.57. For the quarter, the Dow rose 8. ...
Full Story | Top |
| |
|
No comments:
Post a Comment