Today's Reuters Business News Headlines - Yahoo! News:
|
|
Euro, Aussie fall after China growth data disappoints
Thu,12 Apr 2012 10:58 PM PDT
Reuters -  TOKYO (Reuters) - The euro and the Australian dollar eased on Friday after Chinese growth data disappointed traders already positioning for a strong showing, but other Chinese data came mostly in line with expectations, limiting the downside. The currency markets showed no immediate reaction to news that North Korea's much hyped long-range rocket apparently crashed into the sea a few minutes after launch on Friday. China's annual economic growth slowed to 8.1 percent in the first quarter of 2012 from 8.9 percent in the previous quarter, falling short of economists' forecast of 8. ...
Full Story | Top |
Gold edges down after China data boosts dollar
Thu,12 Apr 2012 10:46 PM PDT
Reuters -  SINGAPORE (Reuters) - Gold edged lower on Friday after weaker-than-expected first-quarter growth data from China prompted a modest rise in the dollar, but the losses were capped as the slower growth fuelled the prospects for further monetary easing. The world's second-largest economy experienced a fifth consecutive quarter of slowing growth in the first three months of 2012, with the gross domestic product reading at a lower-than-expected 8.1 percent. The dollar index inched up 0. ...
Full Story | Top |
Brent crude slips towards $121 as China growth lags forecast
Thu,12 Apr 2012 10:45 PM PDT
Reuters -  SINGAPORE (Reuters) - Brent crude futures slipped towards $121 on Friday as demand growth worries resurfaced after China's economic expansion lagged expectations, while caution ahead of talks between Iran and world powers and North Korea's missile launch capped losses. The world's second-largest economy grew at the weakest pace in nearly three years in the first quarter, with the annual rate of expansion easing to 8.1 percent. This weighed on prices as the market had positioned for the growth numbers to top forecasts. ...
Full Story | Top |
Australia shares rise 1 percent on China GDP talk, miners strong
Thu,12 Apr 2012 10:44 PM PDT
Reuters - SYDNEY (Reuters) - Australian shares rose 1 percent in early trade on Friday, buoyed by market talk that economic growth data from China may top forecasts and after stronger-than-expected demand at an Italian bond auction eased worries about the euro zone crisis. Global miners BHP Billiton and Rio Tinto rose 2 percent and 2.7 percent respectively, after oil and commodity prices were boosted overnight on expectations of strong demand from the world's top consumer of metals. China is Australia's top trade partner and resource stocks got a boost from the speculation. ... Full Story | Top |
Nikkei up 1.6 pct on hopes for stronger China GDP
Thu,12 Apr 2012 10:43 PM PDT
Reuters -  TOKYO (Reuters) - Japan's Nikkei average climbed 1.6 percent on Friday as talk of stronger-than-expected GDP figures from China eased concern over slowing global growth, lifting risk appetite after a seven-session losing run to Thursday. Sharp gains in Fast Retailing Co Ltd, which lifted its annual profit forecast to a record after a strong second quarter, also boosted the Nikkei benchmark. Shrugging off a rocket launch by North Korea, the Nikkei was up 154.15 points at 9,678.94, and the broader Topix advanced 1 percent to 817.97. "It really depends on the Chinese data. ...
Full Story | Top |
Swiss can't offer more to Germany, U.S. in tax row: finance minister
Thu,12 Apr 2012 10:42 PM PDT
Reuters - ZURICH (Reuters) - Switzerland cannot make further concessions to Germany and the United States in a dispute over untaxed funds in secret bank accounts, Swiss Finance Minister Eveline Widmer-Schlumpf was quoted as saying in a newspaper interview on Friday. "With Germany we're at a point at which we say, if the partner doesn't want this agreement then the status quo is the better alternative for us than to negotiate still further," she told the Neue Zuercher Zeitung. "Also in the talks with the USA there's a threshold beyond which we cannot go as a sovereign state. ... Full Story | Top |
Wall St ends up more than 1 pct
Thu,12 Apr 2012 10:23 PM PDT
Reuters -  NEW YORK (Reuters) - U.S. stocks notched a second day of solid gains on Thursday, led by materials and energy stocks, as investors set aside weak figures on the domestic labor market. Based on the latest available data, the Dow Jones industrial average was up 180.73 points, or 1.41 percent, at 12,986.12. The Standard & Poor's 500 Index was up 18.83 points, or 1.38 percent, at 1,387.54. The Nasdaq Composite Index was up 38.65 points, or 1.28 percent, at 3,055.11.
Full Story | Top |
Tullow refutes bribery accusations in Uganda
Thu,12 Apr 2012 10:17 PM PDT
Reuters -  KAMPALA (Reuters) - British oil firm Tullow Oil has refuted accusations that it was involved in bribing government officials in Uganda, where it has discovered commercial oil deposits and is expected to go into small-scale production later in the year. In October, the Ugandan parliament established a committee to probe reports that three ministers took bribes from transactions in the country's nascent oil sector. ...
Full Story | Top |
China Q1 GDP eases to near 3-year low, soft patch persists
Thu,12 Apr 2012 09:55 PM PDT
Reuters -  BEIJING (Reuters) - China's economy grew at its slowest in nearly three years in the first three months of 2012, with a weaker than expected reading raising investor concerns that a five-quarter long slide has not bottomed and that more policy action would be needed to halt it. The annual rate of GDP growth in the first quarter slowed to 8.1 percent from 8.9 percent in the previous three months, the National Bureau of Statistics said on Friday, below the 8.3 percent consensus forecast of economists polled by Reuters. ...
Full Story | Top |
Apple rejects e-book pricing collusion charge: WSJ
Thu,12 Apr 2012 08:13 PM PDT
Reuters -  (Reuters) - Apple has rejected the U.S. Justice Department's allegations that it colluded with publishers over electronic book pricing, calling the charges "simply not true", the Wall Street Journal reported. "The launch of the iBookstore in 2010 fostered innovation and competition, breaking Amazon's monopolistic grip on the publishing industry," Apple spokeswoman Natalie Kerris told the Journal. The U.S. ...
Full Story | Top |
China steps up foreign investment plan in March
Thu,12 Apr 2012 08:12 PM PDT
Reuters - SHANGHAI, April 13 (Reuters) - China stepped up its approvals to allow more foreign investors to buy domestic stocks and bonds in March, granting 11 Qualified Foreign Institutional Investor (QFII) licenses, almost matching the number of licenses issued during the previous two months. China Securities Regulatory Commission (CSRC) said earlier this month the total QFII quota would be raised by $50 billion to $80 billion, as the newly-appointed Chairman Guo Shuqing aims to accelerate capital market reforms. ... Full Story | Top |
Brent crude slips towards $121 as China growth lags forecast
Thu,12 Apr 2012 08:10 PM PDT
Reuters -  SINGAPORE (Reuters) - Brent crude futures slipped towards $121 on Friday as demand growth worries resurfaced after China's economic expansion lagged expectations, while caution ahead of talks between Iran and world powers and North Korea's missile launch capped losses. The world's second-largest economy grew at the weakest pace in nearly three years in the first quarter, with the annual rate of expansion easing to 8.1 percent. This weighed on prices as the market had positioned for the growth numbers to top forecasts. ...
Full Story | Top |
Chinese growth data knock wind out of Aussie, kiwi dollars
Thu,12 Apr 2012 07:48 PM PDT
Reuters - SYDNEY/WELLINGTON (Reuters) - The Australian and New Zealand dollars beat a hasty retreat on Friday after data showed China's economy grew at its weakest pace in nearly three years in the first quarter, confounding rumors of an upside surprise. China reported GDP growth of 8.1 percent yr/yr in the first quarter, below forecasts of 8.3 pct and way under the rumored 9 pct that had spread through markets overnight. China is Australia's single biggest export market and developments there tend to affect the Aussie. Still, other data on Chinese retail sales and industrial output beat expectations. ... Full Story | Top |
Bank of America CEO Moynihan must testify in MBIA lawsuit: judge
Thu,12 Apr 2012 07:00 PM PDT
Reuters - NEW YORK (Reuters) - A New York judge has ruled that Bank of America CEO Brian Moynihan must testify in a lawsuit brought by bond insurer MBIA Inc. which claims the bank fraudulently induced it to insure risky mortgage-backed securities. The judge said Moynihan could provide relevant testimony in the case due to his position as CEO, former president of investment banking and the fact that he oversaw the process of integrating Countrywide into Bank of America. Bank of America acquired mortgage lender Countrywide in July 2008. MBIA filed a Countrywide later that year. ... Full Story | Top |
Google stock split helps Page, Brin maintain grip
Thu,12 Apr 2012 06:09 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Google Inc announced a stock split designed to preserve the control of co-founders Larry Page and Sergey Brin over the world's No. 1 Web search engine, asking investors to trust their long-term vision. The surprise decision, which its board unanimously approved, came as the company exceeded Wall Street's profit expectations but revealed a worrying 12 percent drop in search advertising rates - the second consecutive quarterly decline. Shares of Google, which finished Thursday's regular session at $651.01, rose to $653 in after-hours trading. ...
Full Story | Top |
| |
|
No comments:
Post a Comment