| Brent crude rises above $114 on tight supply prospects Tue,5 Jul 2011 11:49 PM PDT Reuters - SINGAPORE (Reuters) - Brent crude climbed above $114 on Wednesday, buoyed by hopes of higher demand in the months ahead and tighter U.S. inventories, but concerns about moderating economic growth in China and euro zone debt woes kept a lid on gains. Full Story1 |
| China bank stocks drop, euro steadies Tue,5 Jul 2011 11:45 PM PDT Reuters -  HONG KONG (Reuters) - Chinese banking shares fell for a second day on Wednesday after a sovereign fund unloaded a stake in two banks, flashing a cautious signal about risk even after the euro clawed back losses endured on Moody's downgrade of Portugal to junk status.Full Story1 |
| Germany S&P head rejects criticism of Greek role Tue,5 Jul 2011 11:37 PM PDT Reuters -  VIENNA (Reuters) - The head of Standard & Poor's in Germany rejected criticism that the ratings agency was being too tough in judging efforts to involve the private sector in Greece's bailout without triggering a sovereign debt default.Full Story1 |
| Temasek raises $3.6 billion from sale of China banks' stakes Tue,5 Jul 2011 10:02 PM PDT Reuters - HONG KONG/SINGAPORE (Reuters) - Singapore's Temasek sold stakes in two of China's biggest banks on Wednesday to raise $3.6 billion, in a move likely aimed at reducing the sovereign investor's big exposure to the financial sector and building up a warchest. Full Story1 |
| Banks chafe at pay clawbacks in liquidation plan Tue,5 Jul 2011 09:43 PM PDT Reuters - WASHINGTON (Reuters) - Banks and other large financial companies that could be seized and liquidated by the government are balking at a proposed plan they argue gives regulators too much power to snatch back executives' pay if their institutions fail. Full Story1 |
| AirAsia to boost record Airbus deal to 300 planes Tue,5 Jul 2011 09:26 PM PDT Reuters -  KUALA LUMPUR (Reuters) - AirAsia Bhd will buy an extra 100 Airbus A320neo jets, taking its record-breaking order to 300 planes, a source said, a deal which would make the Malaysia-based budget airline one of the world's largest carriers.Full Story1 |
| Air France-KLM aims for 20 percent China sales growth: exec Tue,5 Jul 2011 08:47 PM PDT Reuters - SHANGHAI (Reuters) - Air France-KLM , Europe's largest airline by revenue, aims for at least 20 percent growth in sales in China each year, a senior executive said on Wednesday. Full Story1 |
| Gazprom delegation in talks with N.Korea oil ministry: report Tue,5 Jul 2011 08:32 PM PDT Reuters - SEOUL (Reuters) - A delegation from Russia's Gazprom OAO visiting North Korea has held talks with officials from the Ministry of Oil Industry there, North Korea's central news agency reported late on Tuesday. Full Story1 |
| Saudi offers some Asian buyers more oil: source Tue,5 Jul 2011 07:58 PM PDT Reuters - TOKYO (Reuters) - Saudi Arabia has offered more crude to some Asian buyers for August on top of contractual volumes, an industry source said on Wednesday. Full Story1 |
| BOJ to hold fire, tone up optimism on economy Tue,5 Jul 2011 06:07 PM PDT Reuters -  TOKYO (Reuters) - The Bank of Japan is expected to hold off on easing monetary policy further and revise up its assessment of the economy next week, encouraged by a pickup in factory output and recovery in business sentiment hit by the devastating earthquake in March.Full Story1 |
| BOJ to hold fire, tone up optimism on economy Tue,5 Jul 2011 06:06 PM PDT Reuters -  TOKYO (Reuters) - The Bank of Japan is expected to hold off on easing monetary policy further and revise up its assessment of the economy next week, encouraged by a pickup in factory output and recovery in business sentiment hit by the devastating earthquake in March.Full Story1 |
| TSX marks 6th day of gains as oils, golds rise Tue,5 Jul 2011 05:24 PM PDT Reuters - TORONTO (Reuters) - Stronger oil and gold prices pushed the TSX to its highest level in a month on Tuesday in its sixth straight session of advances. Full Story1 |
| AIMCo seeks looser leverage restrictions Tue,5 Jul 2011 05:23 PM PDT Reuters - CALGARY, Alberta (Reuters) - Alberta's public wealth manager is in talks with regulators to lift the amount of leverage it is allowed on its books, its chief said on Tuesday after it reported 8.2 percent return on investment in its latest fiscal year. Full Story1 |
| Bank of Montreal closes Marshall & Ilsley acquisition Tue,5 Jul 2011 05:22 PM PDT Reuters -  TORONTO (Reuters) - Bank of Montreal said on Tuesday it has completed its $4.1 billion acquisition of Marshall & Ilsley Corp, which vastly expands the Canadian bank's retail presence in the U.S. Midwest.Full Story1 |
| Malaysia's AirAsia extends Airbus deal to 300 planes: source Tue,5 Jul 2011 04:48 PM PDT Reuters - KUALA LUMPUR (Reuters) - Malaysian budget airline AirAsia Bhd will extend a deal with Airbus for its new A320neo jets to 300 planes, a source familiar with the matter said. Full Story1 |
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