 BEIJING (Reuters) - China's central bank said it would keep monetary policy prudent for the rest of the year as inflation risks escalating from three-year highs if it takes its foot off the policy brakes. | |
 TOKYO (Reuters) - Honda Motor Co posted a 90 percent fall in quarterly operating profit as a severe parts shortage stemming from the March 11 earthquake slashed output, but avoided an expected loss and raised its annual profit guidance by more than a third. | |
| Sohu Q2 net up 37 percent, sees Q3 revenue above Street view Sun,31 Jul 2011 11:07 PM PDT Reuters - (Reuters) - Chinese internet portal Sohu.com Inc posted a 37 percent increase in second-quarter net profit, helped by strong performance in its online games and brand advertising units and forecast third-quarter revenue above market estimates. Full Story | |
| Auto industry could lead U.S. economic recovery: survey Sun,31 Jul 2011 09:04 PM PDT Reuters - DETROIT (Reuters) - The auto industry could lead an economic recovery in the United States, according to a recent survey by audit, tax and advisory firm KPMG. Full Story | |
| Japan keeps verbal warnings, dollar up on debt deal Sun,31 Jul 2011 08:29 PM PDT Reuters - TOKYO (Reuters) - Japan's finance minister kept up verbal intervention against a rising yen even as a weak dollar won a reprieve on Monday as U.S. lawmakers reached an agreement to raise the debt ceiling and avoid a sovereign default. Full Story | |
| Fox Intl Channels aims to grow China revenues by 15-20 percent Sun,31 Jul 2011 07:56 PM PDT Reuters - HONG KONG (Reuters) - Fox International Channels, a unit of News Corp, aims to grow its revenue in China at a steady 15-20 percent as it expands its business through its flagship channels, such as National Geographic and Star Movies, a senior executive said.Full Story | |
| Validus urges takeover target Transatlantic to talk Sun,31 Jul 2011 07:31 PM PDT Reuters - NEW YORK (Reuters) - Reinsurer Validus Holdings Ltd on Sunday urged target Transatlantic Holdings Inc to enter into discussions over its proposed takeover and said its offer is superior to one from Allied World Assurance Co . Full Story | |
 NEW YORK (Reuters) - HSBC Holdings Plc said on Sunday it will shed nearly half of its underperforming U.S. branch network, selling 195 branches to First Niagara Financial Group Inc for about $1 billion, and closing 13 others. | |
| Validus urges takeover target Transatlantic to talk Sun,31 Jul 2011 04:57 PM PDT Reuters - NEW YORK (Reuters) - Reinsurer Validus Holdings Ltd on Sunday urged target Transatlantic Holdings Inc to enter into discussions over its proposed takeover and said its offer is superior to one from Allied World Assurance Co . Full Story | |
| Futures bounce as investors sense debt deal Sun,31 Jul 2011 04:11 PM PDT Reuters - NEW YORK (Reuters) - U.S. stock index futures jumped at the start of electronic trading on Sunday evening as investors bet that lawmakers in Washington were set to reach a deal on raising the country's debt limit. Full Story | |
| Space acquisition to step up EADS spree Sun,31 Jul 2011 03:24 PM PDT Reuters - PARIS (Reuters) - EADS is poised to step up a recent buying spree with a space industry acquisition in Europe that could rank among its biggest efforts to expand, sources familiar with the matter said on Sunday. Full Story | |
| Commercial Metals sets rights plan after Icahn buy Sun,31 Jul 2011 03:23 PM PDT Reuters - NEW YORK (Reuters) - Commercial Metals Co said on Sunday it has adopted a stockholder rights plan, making it harder for activist investor Carl Icahn to take a bigger stake in the steel maker. Full Story | |
| NEW YORK (Reuters) - HSBC Holdings Plc on Sunday said it will shed nearly half of its underperforming U.S. branch network, selling 195 branches to First Niagara Financial Group Inc for about $1 billion, and closing 13 others. | |
| Default cloud hangs over U.S. job market Sun,31 Jul 2011 02:57 PM PDT Reuters - WASHINGTON (Reuters) - The terrifying prospect of a U.S. debt default has left a cloud over businesses already reeling from the economy's tepid performance, and likely left them reluctant to ramp up hiring in July. Full Story | |
 LONDON/TOKYO, Jul (Reuters) - Governments and policy makers around the world warned of the risk of financial disaster if Washington fails to raise the U.S. debt ceiling. |
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