Paris hopes for Greek debt deal this week
Sun,17 Jul 2011 11:51 PM PDT
Reuters - PARIS (Reuters) - France hopes a Greek rescue plan can be agreed this week and believes that the private sector should participate in efforts to resolve the euro zone's debt crisis, government spokeswoman Valerie Pecresse said on Monday. Full Story | |
 AMSTERDAM (Reuters) - Philips on Monday made a surprise writedown on acquisitions that dragged the group to a 1.3 billion euro ($1.8 billion)second-quarter net loss, just weeks after warning on profits at two key divisions. | |
Man Group buys Lehman exposure from GLG funds
Sun,17 Jul 2011 11:41 PM PDT
Reuters - LONDON (Reuters) - Hedge fund firm Man Group said on Monday it will take on exposure to the estates of defunct U.S. investment bank Lehman Brothers from funds managed by its subsidiary GLG Partners for a total cash consideration of $355 million. Full Story | |
Risk aversion lifts gold, Swiss franc; stocks dip
Sun,17 Jul 2011 11:16 PM PDT
Reuters - HONG KONG (Reuters) - Gold and the Swiss franc hit record highs on Monday with further gains likely as the lack of any breakthrough to the escalating debt crisis in the euro zone and the United States saps demand for risky assets. Full Story | |
 MELBOURNE (Reuters) - News Corp's Australian shares fell more than 7 percent to a two-year low as the UK phone hacking scandal fallout worsened, while investors worried that a $2 billion bid for an Australian pay-tv firm involving News Corp could be derailed by political intervention. | |
 WASHINGTON (Reuters) - With five days remaining before President Barack Obama's deadline for a deal to raise the U.S. debt ceiling, Republicans and Democrats have yet to agree on a big plan to cut the nation's deficit and raise its debt limit in time to avoid an unprecedented U.S. default. | |
 HONG KONG/BEIJING (Reuters) - While investors fret about a jump in bad loans from China's local government entities, the country's so-called "Big Four" banks are busy squirreling money away for the day when borrowers start defaulting in large numbers. | |
 (Reuters) - Borders Group Inc inched closer to liquidation on Sundayafter a bidding deadline passed without offers, the Wall Street Journal said, citing people familiar with the matter. | |
Allegations against Chinese companies to continue: Fitch
Sun,17 Jul 2011 05:08 PM PDT
Reuters - SINGAPORE (Reuters) - Allegations of fraud and accounting irregularities at Chinese companies are likely to continue for at least the near term and the accusations may hamper the firms' access to funds regardless of the claims' merit, Fitch Ratings said. Full Story | |
Greenhill profit jumps as investors fret
Sun,17 Jul 2011 05:01 PM PDT
Reuters - NEW YORK (Reuters) - Boutique financial advisory firm Greenhill & Co posted better-than-expected second-quarter earnings on Sunday, rushing the results out after reports on departures at the firm hit the company's stock. Full Story | |
WASHINGTON (Reuters) - With time running short in U.S. debt talks, Republican and Democratic senators sought on Sunday to craft a plan that could avert an unprecedented government default while making modest cuts in the deficit. | |
 LONDON (Reuters) - Banks that scraped through the European Union's stress test of 90 lenders will start feeling the heat Monday from investors to beef up capital buffers. |
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