Today's Reuters Business News Headlines - Yahoo! News:
|
|
In escape from Japan doomsday, capital takes flight
Mon,28 May 2012 11:56 PM PDT
Reuters - TOKYO (Reuters) - Hiroshi Kosaka has an unorthodox pitch for his realty business: instead of pictures of swanky condominiums his website features Japanese debt statistics and budget meltdown scenarios usually left to credit rating agencies. His firm is part of a cottage industry that has sprung up to help worry-prone Japanese savers get out of the yen and find property overseas that could serve as a safe haven in a financial disaster. ... Full Story | Top |
Kinross to sell Crixas stake to AngloGold for $220 mln
Mon,28 May 2012 11:48 PM PDT
Reuters - (Reuters) - Kinross Gold Corp said it had agreed to sell its 50 percent interest in Brazil's Crixas gold mine to units of AngloGold Ashanti Ltd for $220 million. The deal will make AngloGold Ashanti the single owner of Crixas as the South African gold miner currently holds the other 50 percent in the mine. Kinross' share of Crixas' proven and probable gold reserves was about 375,000 ounces as of December 31, and its share of forecast production for 2012 was about 70,000 gold equivalent ounces, Kinross said in a statement. ... Full Story | Top |
BoE's Broadbent sees inflation near 3 pct for most of 2012
Mon,28 May 2012 11:36 PM PDT
Reuters -  LONDON (Reuters) - UK inflation is falling more slowly than expected and is likely to stay around its current 3 percent level for most of 2012, Bank's policymaker Ben Broadbent said in an interview broadcast on Tuesday. "Our forecast ... is for (inflation) to bobble around close to this level for much of the rest of the year," Broadbent told Bloomberg TV. "We still anticipate a decline ... but it looks to be taking slightly longer than we had first thought. ...
Full Story | Top |
Adcock Ingram H1 earnings down 10 percent
Mon,28 May 2012 11:33 PM PDT
Reuters - JOHANNESBURG (Reuters) - South Africa's No.2 drug maker Adcock Ingram posted a 10 percent fall half-year earnings on Tuesday, hit by the loss of high-margin drugs and said it would continue seeking acquisitions in emerging markets. Adcock, the nation's top over-the-counter drugs maker, said diluted headline earnings per share totalled 198.4 cents in the six months to end-March, compared with 220.7 cents a year earlier. The company said sales increased 5 percent to 2.25 billion rand. ... Full Story | Top |
Gold marks time; Spain crisis weighs on euro
Mon,28 May 2012 11:32 PM PDT
Reuters - SINGAPORE (Reuters) - Gold traded little changed on Tuesday, after attempts to breach the resistance at $1,580 an ounce stalled as Spain's deepening crisis rekindled worries about euro zone finances, sending the single currency to near its two-year low against the dollar. Bullion has fallen more than 5 percent so far this month, on course for its biggest monthly decline since December, as fear of Greece's exit from the euro zone sank the single currency and boosted the dollar index to a 20-month high, weighing on gold priced in the greenback. ... Full Story | Top |
Brent crude hovers at $107, Spain debt woes weigh
Mon,28 May 2012 11:30 PM PDT
Reuters - SINGAPORE (Reuters) - Brent crude steadied at around $107 per barrel on Tuesday as investors weighed potential Middle East supply disruptions against a deepening debt crisis in the euro zone that is clouding the outlook for global fuel demand. Spain's plan to use public debt to revive one of its troubled banks has raised worries that it could recapitalise other weak lenders at a time when borrowing costs are already surging. "Markets are concerned because of the government's decision to bail out Bankia SA. ... Full Story | Top |
Shares edge up, Spanish debt curbs risk appetite
Mon,28 May 2012 11:27 PM PDT
Reuters - TOKYO (Reuters) - Asian shares rose on bargain hunting on Tuesday but the euro eased, reflecting investor nervousness as a surge in Spanish borrowing costs added to simmering worries about Europe's debt restructuring challenges. European shares were also likely to rise, with spreadbetters predicting major European markets would open as much as 0.5 percent higher. U.S. stock futures were up 0.8 percent. The euro was sluggish, inching down 0.1 percent to $1.2535, just above its 2-month low of $1. ... Full Story | Top |
Shares edge up, Spanish debt curbs risk appetite
Mon,28 May 2012 10:59 PM PDT
Reuters -  TOKYO (Reuters) - Asian shares rose on bargain hunting on Tuesday but the euro eased, reflecting investor nervousness as a surge in Spanish borrowing costs added to simmering worries about Europe's debt restructuring challenges. European shares were also likely to rise, with spreadbetters predicting major European markets would open as much as 0.5 percent higher. U.S. stock futures were up 0.8 percent. The euro was sluggish, inching down 0.1 percent to $1.2535, just above its 2-month low of $1. ...
Full Story | Top |
Dewey files for chapter 11 in record law firm collapse
Mon,28 May 2012 10:30 PM PDT
Reuters -  NEW YORK/BANGALORE (Reuters) - The crippled law firm Dewey & Leboeuf LLP filed for chapter 11 bankruptcy protection Monday night and will seek approval to liquidate its business after failing to find a merger partner, marking the biggest collapse of a law firm in U.S. history. Once one of the largest law firms in the U.S., Dewey has been hit by the loss of the vast majority of its roughly 300 partners to other firms amid concerns about compensation and a heavy debt load. ...
Full Story | Top |
China May official PMI to affirm weaker second-quarter growth
Mon,28 May 2012 10:24 PM PDT
Reuters - BEIJING (Reuters) - China's official manufacturing managers' index (PMI) may have eased to 52.2 in May from a 13-month high in April, affirming the economy is slowing for the sixth consecutive quarter even as the government steps up stimulus measures, a Reuters poll showed. Unexpectedly weak data for April, including a 9.3 percent annual rise in factory output, the weakest pace in nearly three years, has fuelled expectations that the world's second-largest economy would only hit bottom in June at the earliest. ... Full Story | Top |
Marubeni nears $3.5 billion-plus Gavilon deal: sources
Mon,28 May 2012 10:10 PM PDT
Reuters -  TOKYO/NEW YORK (Reuters) - Japanese trading house Marubeni Corp is nearing a deal to buy U.S. grains merchant Gavilon for about $3.5 billion excluding debt and could announce the transaction as early as Tuesday afternoon in Tokyo, according to people familiar with the matter. Marubeni, Japan's fifth-largest trading company, has been in advanced talks to buy Gavilon since early May. The Japanese company has confirmed its interest in Gavilon but said no decision had been made. ...
Full Story | Top |
Analysis: JPMorgan dips into cookie jar to offset "London Whale" losses
Mon,28 May 2012 10:04 PM PDT
Reuters -  NEW YORK (Reuters) - JPMorgan Chase & Co has sold an estimated $25 billion of profitable securities in an effort to prop up earnings after suffering trading losses tied to the bank's now-infamous "London Whale," compounding the cost of those trades. CEO Jamie Dimon earlier this month said the bank sold corporate bonds and other securities, pocketing $1 billion in gains that will help offset more than $2 billion in losses. As a result, the bank will not have to report as big an earnings hit for the second quarter. ...
Full Story | Top |
Citi taps Morgan Stanley's Davey for Asia prime unit
Mon,28 May 2012 09:24 PM PDT
Reuters - HONG KONG (Reuters) - Morgan Stanley's head of prime brokerage sales for Singapore, Carl Davey, will be leaving the firm after 16 years to join Citigroup's unit providing services such as clearing trades and lending money to hedge funds in Asia-Pacific. Davey will lead prime brokerage sales at Citi for Greater China region and is among one of the four hires by the Wall Street bank this quarter, David Murphy, head of Citi's prime finance unit for Asia-Pacific, told Reuters, confirming the hire. ... Full Story | Top |
Samsung Galaxy S3 gets head start on rival iPhone
Mon,28 May 2012 09:19 PM PDT
Reuters -  SEOUL (Reuters) - Samsung Electronics Co launches its latest Galaxy S smartphone in Europe on Tuesday, with the third generation model expected to be even more successful than its predecessor, which helped the South Korean company topple Apple Inc as the world's top smartphone maker. The S3, which tracks the user's eye movements to keep the screen from dimming or turning off while in use, hits stores in 28 European and Middle East countries, including Germany and Britain, as Samsung aims to widen the gap with Apple months ahead of its rival's new iPhone, expected in the third quarter. ...
Full Story | Top |
Major economies need more skilled workers, engineers: study
Mon,28 May 2012 09:04 PM PDT
Reuters - (Reuters) - The United States and other large economies cannot find enough skilled workers, engineers and other in-demand employees, according to an annual study on talent shortages. The study, by staffing services giant ManpowerGroup , found 34 percent of employers around the world report trouble filling jobs because of a lack of available talent. The percentage is unchanged from 2011 but up from the prior three years. However, most of the employers -- 56 percent -- say unfilled jobs are likely to have little or no impact on customers and investors. ... Full Story | Top |
| |
|
No comments:
Post a Comment