Latest Breaking Business News
RSS-
European stocks set another weekly loss despite ending higher for the day
European stocks finished modestly higher Friday, yet posting the fourth straight week in losses, looking ahead for U.S. Federal Reserve policy meeting next week. The Stoxx Europe 600 index closed 1.5% lower on the week, with investors worrying a reduction in central liquidity will give financial markets a heavy blow. Investors also looked to the U.S. to gauge if fresh data could strengthen or ...
-
Asian stocks extend losses as BoJ woes continue to weigh
Asian stocks slid further on Wednesday as Bank of Japan’s (BoJ) latest monetary policy decision revived fears that other central banks, including the U.S. Federal Reserve, could scale back stimulus ...
-
Asian stocks mixed ahead of Fed meeting
Asian stocks were mixed on Tuesday as caution is rising ahead of the U.S. Federal Reserve two-day convening Tuesday, which might give clues on when the central bank could start tapering monetary stimulus amid recovery ...
More Breaking Business News
RSS-
Asian stocks jump as Nikkei recovers some losses following strong U.S. data
Asian stocks jumped Friday as strong U.S. data lifted confidence about the ability of the U.S. economy to withstand any cut in stimulus. The upbeat retail sales and jobless claims triggered a rally on Wall Street and soothed the panicking Asian markets ahead of next weeks Federal Reserve policy ...
-
Bankers Should Face Jail Terms Report Says
A new criminal offence punishing bankers for "reckless misconduct" while running their institutions is the centrepiece of proposals unveiled by a group of MPs and peers aimed at reforming the industry. The Parliamentary Commission on Banking Standards (PCBS), which was set up after last summer's Libor-manipulation scandal led to Barclays being fined £290m, said in its ...
-
Empire State Building gets left-field $2 billion offer to sell
NEW YORK (Reuters) - A New York City real estate company offered to buy the Empire State Building for $2 billion, a written offer showed, significantly below the skyscraper's appraisal price and about three weeks after investors in the iconic building approved a plan to take the tower public in a real-estate investment ...
-
GM aims for 10 percent of Chinas luxury car market by 2020
GM.N ) said on Wednesday it aims to quadruple its share of China's luxury auto market to 10 percent by 2020 as the U.S. automaker launches new Cadillac models and expands its distribution network in the world's largest car ...
-
Asia business sentiment rises in second quarter global growth risk still dominates
SEOUL (Reuters) - Asia's top companies have become more optimistic about their business outlook with the retail and shipping industries rebounding sharply in the second quarter of 2013, the latest Thomson Reuters/INSEAD Asia Business Sentiment Survey ...
-
Wells Fargo securities lending case goes to trial
A group of 11 jurors will decide whether Wells Fargo & Co. grossly mismanaged a former securities lending program and lied about its safety, or whether the financial calamity that followed the boom was to blame for millions of dollars in ...
-
Amazon drops blogger affiliates in Minnesota to avoid sales tax
The move, which parallels those by other Internet retailers, is a response to an upcoming change in the state’s tax law that applies to ...
-
City Deli to get new owner new name
The planned change in ownership was disclosed on Tuesday to the deli's two dozen employees, who were told that the new owners plan to keep them on through the ...
-
Dish Focuses on Clearwire
SoftBank Corp , which is also trying to buy Sprint. Satellite TV provider Dish said in a statement that it was not practical for it to submit a revised offer by the June 18 deadline imposed by Sprint even though it "continues to see strategic value in a merger with Sprint." ...
-
What if Wall Street doesnt like what Fed says
One analyst's take: 'We are so screwed' when bond buying eases NEW YORK -- Ever since it began injecting cash into the financial system in 2008, the Federal Reserve has been compared to a drug dealer by critics. The Fed's bond-buying and zero-interest-rate policy, they say, is akin to a performance-enhancing, steroid-like drug with the addictive quality of crack cocaine. ...
-
REFILE-WRAPUP 1-Asian stocks to lead the way to years end Fed seen pulling back - poll
Member Benefits Manage your personalised Watchlist. Set up an online Virtual Portfolio. Participate in Share Chat. See more trades and director dealings. Play the Fantasy Share Trading ...
-
Mexican oil producer Pemex evacuates headquarters after bomb threat
MEXICO CITY, June 18 | Tue Jun 18, 2013 10:12pm EDT MEXICO CITY, June 18 (Reuters) - Mexico's state oil producer, Pemex, on Tuesday evacuated its Mexico City headquarters, the site of a deadly explosion in January that killed at least 37 people, after a bomb threat, a company spokesperson said. "In the face of the threat, we're applying security measures at the Pemex tower ...
-
Kodak prepares $406 million offering as it eyes bankruptcy exit
on Tuesday said it will seek court approval for a $406 million (259.7 million pounds) rights offering that could give creditors a big equity stake in the company after it emerges from Chapter 11 bankruptcy protection.Kodak said creditors agreed to backstop an offering that would let the Rochester, New York-based company issue 34 million common shares at $11.94 each, equal to about 85 percent of ...
-
Judge U-T must pay former carriers
U-T San Diego must pay a group of former newspaper carriers $3.18 million because they were classified as independent contractors but given job requirements more appropriate for regular employees, a Superior Court judge said ...
-
Filner cedes to builder after $100000 gift
Mayor Bob Filner vetoed a builder's request to modify a Kearny Mesa development plan and then later dropped his objection after the company gave $100,000 to the ...
-
Australian Market Trades Higher On Wall Street Lead
The Australian stock market is trading higher on Wednesday with investors indulging in some brisk buying in mining, energy and industrial stocks, tracking positive cues from Wall Street, where the major averages surged higher overnight on the back of some encouraging economic data.The benchmark S&P/ASX 200 index, which advanced to 4,844.8 in early trades, is currently trading at 4,825, up ...
-
Why Yellen Should Be Next Fed Chief
Robert Heller, Former Federal Reserve Governor, tells CNBC why he sees Janet Yellen as both the best qualified and the most likely successor to Ben Bernanke if he does leave the Federal Reserve at the end of ...
-
Whitehaven shares jump as Tinkler cuts stake
WHC.AX ) rose as much as 9 percent on Wednesday after the company's top shareholder, embattled tycoon Nathan Tinkler, offloaded about half his stake to cut his ...
-
Adobe expects third-quarter Creative Cloud subscriber adds to exceed second-quarter
Shantanu Narayen, president and chief executive officer of Adobe Systems Inc., speaks during the Reuters Global Technology, Media and Telecom Summit in New York May 21, ...
-
Market Wrap for Tuesday June 18 Stocks Rally Ahead of Fed Statement
Risk appetite was brisk on Wall Street on Tuesday as investors purchased stocks ahead of Wednesday's FOMC statement. The Fed is expected to provide clarity on when it may begin tapering its current $85 billion per month bond buying program. Although there is uncertainty, the market seems to be pricing in the likelihood that the Fed will continue its dovish monetary policy for the ...
-
Interesting Similarities Among 2013s Top-Performing ETFs
With 2013 nearly half complete, now is a good time to look at this year's top-performing ETFs to see what has worked, what might keep working and which funds could be vulnerable to second-half pullbacks. Before getting to the good stuff, some housekeeping is in order. First, 10 ETFs that will be highlighted are all plain vanilla, non-leveraged funds. Second, the list and performance data ...
-
Dividend ETFs No Need to Pay up For Yield
according to Treasury Department data , but the reality is even at 2.2 percent, the yield on Treasurys is nothing to write home about. Given the still anemic yields on assets that are perceived to be risk-free, it is not surprising that investors have been paying up for higher yields elsewhere. The ongoing hunt for yield has predictably ...
Focus on Palestine
-
Palestine is a potential eco-friendly hub
Palestine, occupied Palestine, the Palestinian Territories or the Occupied Territories, call it what you will, this patch of land in the Middle East has many different name according to political opinion, but what many don’t realize about it is the ingenuity that takes place on a daily basis.
Palestine is one of the poorest regions in the world and certainly in the Middle East, the territory which is loosely made up of the West Bank and Gaza Strip, is a large refugee camp because none of the inhabitants have sovereignty and therefore do not have a centrally strong government to provide basic services. Much of the areas income is derived through donations and money earned by day laborers within Israel. Read more
News from around our Network
