Today's Reuters Business News Headlines - Yahoo! News:
|
|
Shares rise on guarded stimulus hopes from ECB, Fed
Mon,30 Jul 2012 10:52 PM PDT
Reuters -  TOKYO (Reuters) - Asian shares rose on Tuesday on hopes for further stimulus from the European Central Bank and the U.S. Federal Reserve, both of which hold policy meetings this week, but skepticism about the long-term effectiveness of any ECB actions capped the euro. European stocks were set for modest gains, with a 0.3 percent rise in U.S. stock futures signaling a firm start on Wall Street. Financial spreadbetters called the main indexes in London , Paris and Frankfurt to open as much as 0.2 percent higher. MSCI's broadest index of Asia-Pacific shares outside Japan rose 1. ...
Full Story | Top |
Gambia's economy seen contracting by 1.7 percent in 2012
Mon,30 Jul 2012 10:45 PM PDT
Reuters - BANJUL (Reuters) - Gambia's economy is expected to contract by 1.7 percent in 2012 on the back of a struggling agricultural sector, the tiny West African nation's Central Bank said in a statement on Monday. The projected contraction, if it occurs, would represent the second straight dip in output after growth slipped to 3.3 percent last year from 5.5 percent in 2010. Gambia appealed for food aid in March after it said that 70 percent of its crops failed during the last growing season, extending the reach of a food crisis already hitting millions of people across Africa's Sahel strip. ... Full Story | Top |
Angola cenbank leaves benchmark rate unchanged at 10.25 pct
Mon,30 Jul 2012 10:41 PM PDT
Reuters - LISBON (Reuters) - Angola's central bank has left its benchmark interest rate unchanged at 10.25 percent for the sixth straight month, the bank said after a meeting of its monetary policy committee on Monday. The bank added in a statement that the committee's decision was based on an analysis of macroeconomic indicators, domestic and overseas outlooks and Angola's targets, especially that of ending 2012 with consumer inflation at 10 percent. Full Story | Top |
Nigeria to launch wealth fund by end of year: finmin
Mon,30 Jul 2012 10:40 PM PDT
Reuters -  LONDON (Reuters) - Nigeria will announce in August the management team for its sovereign wealth fund (SWF), which it expects to launch by the end of this year, the finance minister told Reuters on Monday. The government of Africa's biggest crude oil producer may also issue a second Eurobond of at least $600 million next year which could be open to members of its diaspora, Ngozi Okonjo-Iweala said on the sidelines of a conference in London. The members of the SWF board have been chosen and will be announced in August once due diligence has been carried out. ...
Full Story | Top |
Brent slips towards $106 on caution ahead of US Fed, ECB meet
Mon,30 Jul 2012 10:33 PM PDT
Reuters - SINGAPORE (Reuters) - Brent crude slipped towards $106 per barrel on Tuesday as caution among investors grew that any fresh stimulus measures coming from central bank meetings in the United States and Europe might not be enough to revive their stuttering economies. The overwhelming uncertainty over the health of the global economy offset news of lower production from the 12-member Organization of the Petroleum Exporting Countries (OPEC) and an expected drop in U.S. crude stockpiles. Brent crude eased 3 cents to $106.17 per barrel by 0424 GMT after having dropped to a low of $105. ... Full Story | Top |
Manchester United sets IPO terms
Mon,30 Jul 2012 10:11 PM PDT
Reuters -  (Reuters) - English soccer team Manchester United set the terms for its U.S. initial public offering on Monday saying it will offer 16.67 million shares at between $16 and $20 each, which values the club at $3.3 billion at the top of the range. Manchester United has been struggling with a hefty debt burden ever since being acquired by the family of Florida-based businessman Malcolm Glazer and his family in 2005. The club and the Glazers each will be selling half the IPO shares in an offering that will raise as much as $333 million. ...
Full Story | Top |
Anadarko reports quarterly loss, output a record
Mon,30 Jul 2012 06:48 PM PDT
Reuters - (Reuters) - Anadarko Petroleum Corp on Monday reported a net loss in the second quarter as low natural gas prices forced the company to write down the value of some assets, but the results topped expectations as oil and gas output surged 8 percent to a record. While natural gas prices have rallied recently on power demand, the average natural gas price at the delivery point Henry Hub fell nearly 50 percent from a year ago in the second quarter. That steep decline left some of Andarko's properties in the Powder River Basin in Wyoming too expensive to produce, so the U.S. ... Full Story | Top |
GM signs Man United deal day after marketing executive exit
Mon,30 Jul 2012 06:26 PM PDT
Reuters -  DETROIT (Reuters) - The ouster of General Motors Co's global marketing chief is related to a hugely expensive sponsorship deal with England's Manchester United soccer club for which GM is paying twice as much as the team's previous automotive sponsor. On Monday, GM, the biggest U.S. automaker, announced its Chevrolet brand would sponsor the hugely popular club's shirts for the next seven years. ...
Full Story | Top |
U.S. Silver asks shareholders to reject Hecla's hostile bid
Mon,30 Jul 2012 05:47 PM PDT
Reuters - (Reuters) - U.S. Silver Corp urged shareholders to reject Hecla Mining Co's hostile bid, calling it inadequate and highly opportunistic, and asked them to vote in favor of an earlier offer by RX Gold & Silver Inc . Hecla last week made an all-cash offer of C$110.7 million ($110.07 million) for U.S. Silver, a month after the Canadian company agreed to be bought by RX Gold. U.S. Silver requires two-thirds of the shares voting at the shareholder meeting to approve its deal with RX Gold, Chief Executive Gordon Pridham told Reuters. ... Full Story | Top |
Mailers fret over post's looming payment default
Mon,30 Jul 2012 04:40 PM PDT
Reuters -  WASHINGTON (Reuters) - Mail industry companies are concerned about a looming default by the Postal Service on a $5.5 billion payment for future retiree health benefits, saying it adds to uncertainty about agency and helps speed the movement away from traditional mail. The Postal Service has said for months that it could not afford to make the massive payment, which was originally due in 2011 but was delayed by Congress until August 1. Congress has so far made no significant push to delay the health pre-payment again. ...
Full Story | Top |
Apple, Samsung patent trial starts with jury selection
Mon,30 Jul 2012 03:28 PM PDT
Reuters -  SAN JOSE, California (Reuters) - A Google employee, at least five patent owners and plenty of iPhone and iPad consumers were among the potential jurors summoned to court on Monday in a high-stakes U.S. patent battle between Apple Inc and Samsung Electronics Co Ltd. U.S. District Judge Lucy Koh spent several hours examining jurors about their backgrounds and biases, as the companies began the trial after more than a year of pretrial jousting, with billions of dollars in the balance. ...
Full Story | Top |
Interim Yahoo CEO Ross Levinsohn leaves company
Mon,30 Jul 2012 03:22 PM PDT
Reuters -  SAN FRANCISCO (Reuters) - Ross Levinsohn is leaving Yahoo, two weeks after the company announced he lost out on the top job to Google executive Marissa Mayer, the company said in a filing. Levinsohn will leave the company effective Tuesday, July 31. He will go with the severance payments outlined in his 2010 offer letter and 2011 severance agreement, plus an equity award of 67,000 restricted stock units and 250,000 stock options. The options have an exercise price of $15.80, the closing per share price of Yahoo stock on Friday, giving them a current value of just over $5 million. ...
Full Story | Top |
Enbridge says Line 14 repairs to wrap up on Tuesday
Mon,30 Jul 2012 03:04 PM PDT
Reuters -  CALGARY/WASHINGTON (Reuters) - Enbridge Inc said on Monday that repairs to a ruptured Wisconsin pipeline could be complete as early as tomorrow, though regulators have not yet said when they will allow the company to restart the line. U.S. pipeline regulators said no decision had been made on whether Enbridge will have to take any corrective measures before restarting a pipeline shuttered after spilling more 1,000 barrels of crude oil in Wisconsin. "Everything is still being looked at," said Pipeline and Hazardous Materials Safety Administration spokesman, Damon Hill. ...
Full Story | Top |
TSX rally fizzles on stimulus doubts
Mon,30 Jul 2012 02:10 PM PDT
Reuters -  TORONTO (Reuters) - Canadian stocks' three-day rally ended on Monday, amid market concerns that any potential stimulus measures announced this week by central bankers in the United States and Europe may not be implemented right away. Investors were given a shot of adrenaline last week when European Central Bank President Mario Draghi said the bank was ready to do whatever was necessary, within its mandate, to save the euro. ...
Full Story | Top |
JPMorgan Chase fails to end mortgage modification lawsuit
Mon,30 Jul 2012 02:09 PM PDT
Reuters -  NEW YORK (Reuters) - A federal judge rejected JPMorgan Chase & Co's bid to dismiss a lawsuit accusing it of misleading thousands of cash-strapped homeowners nationwide about modifying their mortgages. U.S. District Judge Richard Stearns in Boston on Friday let homeowners pursue claims that the largest U.S. bank systematically failed to keep its end of the bargain after signing up borrowers hoping to modify their mortgages under the federal Home Affordable Modification Program, or HAMP. ...
Full Story | Top |
| |
|
No comments:
Post a Comment