 SINGAPORE (Reuters) - The euro steadied on Thursday with a widely expected rate hike from the European Central Bank later being offset by a spreading sovereign debt crisis, while China's bank stocks bounced on hopes of a near-term pause in policy tightening. | |
| Brent crude rises above $114 on U.S. stocks draw Wed,6 Jul 2011 10:58 PM PDT Reuters - SINGAPORE (Reuters) - Brent crude climbed above $114 on Thursday, supported by a more-than-projected drop in U.S. crude stocks and expectations that China's monetary tightening cycle may be nearing its end. Full Story1 | |
| Exclusive: China may cut spending on strategic industries Wed,6 Jul 2011 10:13 PM PDT Reuters - BEIJING (Reuters) - China may rein in plans to invest heavily in seven new strategic industries, including high speed rail and wind power, scaling back cutting-edge projects for industries suffering from old-fashioned problems such as corruption and overcapacity, sources said. Full Story1 | |
 FRANKFURT (Reuters) - The European Central Bank is almost certain to raise interest rates later on Thursday and will show no let-up in its insistence that governments solve Greece's debt crisis without triggering a default credit rating. | |
 NEW YORK (Reuters) - The New York Stock Exchange, an icon of American capitalism, is expected to take a crucial step toward ceding control to a German company on Thursday, with little opposition expected from investors. | |
| FDIC sues former Indymac Bank CEO Michael Perry Wed,6 Jul 2011 07:50 PM PDT Reuters - (Reuters) - The Federal Deposit Insurance Corp sued former IndyMac Bank Chief Executive Michael Perry to recover over $600 million in damages and costs related to residential loans made by the lender, according to court documents. Full Story1 | |
 Tokyo, July 7 - Suzuki Motor Corp plans to spend 40 billion yen ($494 million) to relocate several coastal facilities further inland to avoid damage from possible tsunamis, the Nikkei business daily said on Thursday. | |
| Japan core machinery orders up, recovery under way Wed,6 Jul 2011 07:27 PM PDT Reuters - TOKYO (Reuters) - Japan's core machinery orders rose in May at the fastest pace in four months in a sign that capital expenditures will stay firm and support the economic recovery as the country rebuilds from a devastating earthquake and tsunami. Full Story1 | |
| Paramount's animation plan leaves DreamWorks hanging Wed,6 Jul 2011 07:24 PM PDT Reuters - LOS ANGELES (TheWrap) - Paramount is getting into the animation game with a bold plan that could leave DreamWorks Animation in the lurch. Full Story1 | |
 (Reuters) - Employees at Starbucks Corp's outlets in Chile plan to walk out on Thursday because, they say, their wages are so low that they can't afford to buy lunch, the Wall Street Journal reported. | |
 LOS ANGELES (Reuters) - British soul singer Adele and flamboyant pop singer Lady Gaga have helped the U.S. music industry stage a modest comeback after a decade of decline. | |
 (Reuters) - Brokerage Morgan Stanley Smith Barney, a joint venture between Morgan Stanley and Citigroup, said personal information of 34,000 investment clients stored on two CDs was lost in transit to a government office last month, the Wall Street Journal reported citing a company spokesman. | |
| Varney to step down as top antitrust official Wed,6 Jul 2011 05:42 PM PDT Reuters - WASHINGTON (Reuters) - Christine Varney, the top antitrust official in the U.S. Justice Department, is stepping down, the department said on Wednesday. Full Story1 | |
| Japan eyes tobacco tax hike for reconstruction -Yomiuri Wed,6 Jul 2011 05:26 PM PDT Reuters - TOKYO (Reuters) - Japan is considering a hike in its tobacco tax to help fund reconstruction costs, the Yomiuri newspaper said on Thursday, which could be first in a variety of tax increases as the country rebuilds from natural disaster and tries to repair weak public finances. Full Story1 | |
| Husky says Lima refinery expected back by end of week Wed,6 Jul 2011 05:23 PM PDT Reuters - HOUSTON (Reuters) - Husky Energy Inc's 155,000 barrel per day (bpd) Lima, Ohio, refinery is expected back in production by the end of the week after completing repairs to a crude distillation unit furnace, a company spokeswoman said on Wednesday. Full Story1 | |
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