Sunday, August 21, 2011

Daily News Digest: Reuters Business News Headlines - Yahoo! News

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Sunday, August 21, 2011 12:05 AM PDT
Today's Reuters Business News Headlines - Yahoo! News:
China facing high inflation pressure: Economic planning official
Sat,20 Aug 2011 11:25 PM PDT
Reuters - BEIJING (Reuters) - China is still facing high inflation pressure, the vice-chairman of China Development and Reform Commission, China's powerful economic planning agency, told a forum in Beijing. Full Story
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Dinosaurs, the human mind on Disney's Pixar slate
Sat,20 Aug 2011 05:16 PM PDT
Reuters - ANAHEIM, California (Reuters) - The animators at Walt Disney Co's Pixar unit will explore dinosaurs and the inner workings of the human mind in two upcoming movies, studio executives told a gathering of fans on Saturday. Full Story
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Verizon strike to end but talks to continue
Sat,20 Aug 2011 02:08 PM PDT
Reuters -

photoNEW YORK (Reuters) - About 45,000 Verizon Communications employees are set to end a two-week strike and return to work by Tuesday after the telephone company and unions said they reached an agreement to resume bargaining.


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Societe Generale CEO sees market nerves lingering
Sat,20 Aug 2011 12:12 PM PDT
Reuters - PARIS (Reuters) - The head of French bank Societe Generale said in a newspaper interview released on Saturday that markets could remain nervous until third-quarter earnings are published at the end of October. Full Story
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Germany rebuffs renewed euro bond debate
Sat,20 Aug 2011 09:28 AM PDT
Reuters - BERLIN (Reuters) - Germany on Saturday rebuffed renewed calls that euro zone countries should issue joint euro-denominated bonds and have a joint finance minister, arguing that would only be possible if fiscal policy were collective already. Full Story
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SAP says strong demand defies talks of crisis: report
Sat,20 Aug 2011 09:25 AM PDT
Reuters - FRANKFURT (Reuters) - Germany's SAP , the world's biggest maker of business software, said confidence among its clients in no way reflected reported fears of a looming economic downturn. Full Story
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India gold imports likely to fall on limited
Sat,20 Aug 2011 08:10 AM PDT
Reuters -

photoKOVALAM, India (Reuters) - Gold buyers in India, the world's largest consumer of the yellow metal, are investing in it on expectations prices may rise, but imports are likely to fall as limited budgets buy less gold, the head of India's biggest importing bank told Reuters on Saturday.


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Germany: can't have euro bonds without joint policy
Sat,20 Aug 2011 07:21 AM PDT
Reuters - BERLIN (Reuters) - Europe cannot have uniform interest rates on its debt unless its fiscal policy is also made collectively, German Finance Minister Wolfgang Schaeuble said on Saturday. Full Story
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Commerzbank CEO calls for EU finance minister: report
Sat,20 Aug 2011 06:57 AM PDT
Reuters -

photoFRANKFURT (Reuters) - A European finance minister with sway over member states' taxes and budgets is needed to lead the euro zone out of its debt crisis, says the Chief Executive of Germany's second-largest lender, Commerzbank.


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Investors seeing gold in farmland, infrastructure
Sat,20 Aug 2011 06:35 AM PDT
Reuters -

photoCHICAGO (Reuters) - The overall economy may be struggling against a double-dip recession but in farm country the boom times have rarely been better.


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Belgium Finmin says debt crisis as bad as 2008: paper
Sat,20 Aug 2011 03:01 AM PDT
Reuters - BRUSSELS (Reuters) - The current sovereign debt crisis is at least as severe as the 2008 crisis in the banking sector, Belgian Finance Minister Didier Reynders said in an interview published on Saturday. Full Story
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Belgium adds to call for euro bonds, bigger bailout
Sat,20 Aug 2011 03:01 AM PDT
Reuters -

photoVIENNA/BRUSSELS (Reuters) - Pressure on Germany and France to take radical action on the euro zone debt crisis mounted on Friday, as financial markets sagged further and Belgium added its support to calls for the region to issue debt jointly.


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Gold a "bubble that could deflate," says analyst
Fri,19 Aug 2011 11:59 PM PDT
Reuters -

photoKOVALAM, India (Reuters) - Record gold prices may be heading for a correction of about 8 percent next month, but the safe-haven metal may also rally to $2,400 an ounce next year as investors seek refuge amid global economic turmoil, a global head at INTL FCStone on Saturday.


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Tribune settles lawsuit by employees for $32 million
Fri,19 Aug 2011 06:20 PM PDT
Reuters - (Reuters) - The bankrupt publisher of The Chicago Tribune and Los Angeles Times said it agreed to pay $32 million to settle a lawsuit filed by former employees. Full Story
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Japan mulling another FX intervention: report
Fri,19 Aug 2011 04:43 PM PDT
Reuters -

photoTOKYO (Reuters) - Japan is considering intervening in the currency market again to stem further yen gains after the currency's overnight ascent to a fresh record high against the dollar, the Nikkei newspaper said on Saturday.


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