Citi Asia prime arm on hiring spree as hedge fund industry booms Wed,10 Aug 2011 10:45 PM PDT Reuters - HONG KONG (Reuters) - Citibank will raise headcount at its Asian prime finance unit by 20 percent to 80 this year as it looks to fight for more hedge fund clients in an industry dominated by the likes of Goldman Sachs Group Inc and Morgan Stanley . Full Story |
BofA talks to Gulf funds to cut $17 billion CCB stake: sources Wed,10 Aug 2011 10:26 PM PDT Reuters -  HONG KONG/DUBAI (Reuters) - Bank of America Corp has held exploratory talks with the principal investment funds of Kuwait and Qatar about selling part of its $17 billion stake in China Construction Bank , three sources with direct knowledge of the talks told Reuters. |
U.S. stock futures rise helps pare Asia losses but Europe is key Wed,10 Aug 2011 10:22 PM PDT Reuters -  SINGAPORE (Reuters) - U.S. stock futures rose 1 percent on Thursday after a sharp drop on Wall Street overnight, limiting losses in Asian share markets, though the focus was shifting to how Europe reacts to a sovereign debt crisis that is now threatening its banking system. |
Deere probed for possible violations of anti-bribery law: report Wed,10 Aug 2011 09:38 PM PDT Reuters -  (Reuters) - The U.S. securities regulator is probing farm machine maker Deere & Co for possible violations of a law that bars American companies from bribing foreign officials, the Wall Street Journal said citing two people familiar with the matter. |
 NEW YORK (Reuters) - Fear returned to Wall Street on Wednesday, sending the S&P 500 to another 4 percent decline, triggered by worries that Europe's debt crisis could engulf French banks and spill onto the U.S. financial sector. |
 NEW YORK (Reuters) - Rupert Murdoch acknowledged for the first time publicly that his son James is not the preferred choice to succeed him as News Corp CEO, at least in the near-term. |
 WASHINGTON (Reuters) - Economic fears are weighing heavily on Americans, with a large majority saying the United States is on the wrong track and nearly half believing the worst is yet to come, a Reuters/Ipsos poll said Wednesday. |
Kinross Gold's profit soars; co. boosts dividend Wed,10 Aug 2011 05:12 PM PDT Reuters - TORONTO (Reuters) - Kinross Gold more than doubled its quarterly profit and raised its dividend payout on Wednesday, as surging bullion prices and acquisition-related production growth helped boost results. Full Story |
| NEW YORK (Reuters) - Rupert Murdoch acknowledged publicly for the first time that his son James is not the preferred choice to succeed him as News Corp. CEO, at least in the near-term. |
Iamgold profit surges; trims production outlook Wed,10 Aug 2011 04:25 PM PDT Reuters - TORONTO (Reuters) - Iamgold Corp said on Wednesday its second-quarter operating profit more than tripled, driven by a higher gold price and increased output. Full Story |
| HONG KONG/DUBAI (Reuters) - Bank of America Corp has held exploratory talks with the principal investment funds of Kuwait and Qatar about selling part of its stake in China Construction Bank , sources with direct knowledge of the talks told Reuters. |
 CHARLOTTE, North Carolina (Reuters) - Shares of Bank of America Corp , Citigroup Inc , Goldman Sachs Group and Morgan Stanley skidded Wednesday, evidence that when the market sneezes financial stocks get pneumonia. |
SouthGobi Resources Q2 net profit up on higher coal Wed,10 Aug 2011 03:13 PM PDT Reuters - (Reuters) - Canadian coal miner SouthGobi Resources Ltd posted a higher quarterly net profit, driven mainly by a rise in average realized coal prices. Full Story |
 NEW YORK (Reuters) - Fear returned to Wall Street on Wednesday, sending the S&P 500 to another 4 percent decline, triggered by worries that Europe's debt crisis could engulf French banks and spill onto the U.S. financial sector. |
 WASHINGTON (Reuters) - The Federal Reserve appears increasingly likely to embark on another round of monetary stimulus if the economy continues to lose momentum. |
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