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Aug 15, 2011

REUTERS News, Aug 15, 2011



Japan on cusp of recovery after Q2; yen clouds outlook
Reuters
The better-than-expected reading helped push up the Nikkei benchmark by about 1 percent, which has also tracked gains in global markets last week supported by a short-selling ban on financial stocks in Europe. However, worries that Europe's sovereign ...
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Singapore Stocks-May open higher; Genting S'pore, UOB, NOL in focus
Reuters
SINGAPORE, Aug 15 (Reuters) - Singapore shares may open higher on Monday, boosted by gains on Wall Street, but investors are likely to remain cautious after a big selloff last week. Globalemerging markets funds experienced outflows of around $7.7 ...
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World Bank chief sees multi-speed recovery globally
Reuters
SYDNEY Aug 14 (Reuters) - The world is going through a multi-speed recovery, World Bank Chief Robert Zoellick said on Sunday. Zoellick, who was speaking at the Asia Society's annual dinner in Sydney, was asked about his assessment of the US economy. ...
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African Markets - Factors to watch on Aug 15
Reuters
EMERGING MARKETS For the top emerging markets news, double click on AFRICA STOCKS For the latest news on African stocks, click on AFRICA FIXED INCOME For news on African fixed income, click on AFRICA DEBT Demand for Kenyan bonds is expected to be low ...
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ASIA PRIVATE EQUITY WEEKLY NEWS, AUGUST 15, 2011
Reuters
JAPAN'S ASAHI Group Holdings is in the final stage of negotiations to buy New Zealand beverages group Independent Liquor from private equity firms Unitas Capital and Pacific Equity Partners, two sources told Reuters. GLOBAL LAW FIRM Kirkland & Ellis ...
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Factbox: Syria's energy sector
Reuters
Syria is a relatively small oil producer, accounting for just 0.5 percent of the global production in 2010, according the latest BP Statistical Review of World Energy. * Syria's oil production declined from 581000 bpd in 2001 to 375000 in 2009, ...
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July inflation seen easing slightly to 9.2 pct
Reuters India
Full Article Global inflation: the dog that doesn't and won't bark. Full Article Scenes from the edge of one of the world's most heavily militarised borders. Slideshow A man sells fruit from his stall along a road in Srinagar June 23, 2011. REUTERS ...
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Commodities: Gold and Oil Have Stories To Tell As Well
International Business Times
Reuters reported that "on Thursday, the world's largest gold-backed exchange-traded fund, SPDR Gold Trust, reported its biggest one-day outflow since January 25, with its holdings declining by 23.6 tonnes, worth some $US1.3 billion at current prices. ...
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International Business Times
Amid Global Angst, Asean and Allies Seek Closer Connections
Jakarta Globe
(Reuters/Yusran Uccang) Manado/Jakarta. Uncertainty on global financial markets due to the debt crises engulfing the United States and some European countries has triggered concern that demand from those parts of the world may drop substantially....
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Jakarta Globe
Study links persistent depression to childhood abuse
Reuters India
Depression is a major cause of mortality, disability, and economic burden worldwide and the WorldHealth Organization predicts that by 2020, depression will be the second leading contributor to theglobal burden of disease across all ages. ...
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Reviving the Egyptian economy is in hands of the government: IMF official
Ahram Online
(Photo: Reuters) The United States credit downgrade has shocked the globaleconomy with policymakers, analysts and business leaders contemplating the possiblilty of a global economic meltdown similar to the 2008 crisis with grave implications for ...
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Ahram Online
Thai Hot Stocks-Index up 1.9 pct; PTT leads after strong Q2
Reuters Africa
... news Global Economy news Technology news Telecoms news Media news Banking news Politics/General news Asia Macro data A multimedia version of Reuters Top News is available at: topnews.session.rservices.com * LIVE PRICES & DATA: World Stocks <0#. ...
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A safer, calmer China?
Reuters Blogs (blog)
Tens of thousands of people took to the streets to demonstrate and Dalian, known as one of the most beautiful coastal cities in China, made headlines all over the world. Blame bad luck or natural disasters, perhaps. Four days ago, an accident at a ...
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Reuters Blogs (blog)
Enlightened touch can win over global warming convert
The National
Ilya Naymushin / Reuters Amid a growing wave of concern about climate change, many countries, including Brazil, Australia, the US and EU members, passed laws in the past decade outlawing or severely restricting access to incandescent light bulbs. ...
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The National
Quest to end cyclical food crises
Independent Online
Photo: Reuters. Once every few years, the world goes through a familiar ritual: various factors converge to trigger unusual increases in global food prices. In response, countries rush through emergency measures to ward off widespread shortages. ...
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Independent Online
Locke says China need not fret over dollar assets
Reuters
BEIJING (Reuters) - China should rest easy that its investments in the dollar remain safe, the newly arrived US ambassador in Beijing, Gary Locke, said on Sunday, adding that the world's two biggest economies could find common ground despite economic...
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Reuters
Analysis:Recession could tip US oil use into permanent decline
Reuters Canada
By Joshua Schneyer NEW YORK (Reuters) - As a US economic rebound stalls and threatens to spiral into recession, oil demand in the world's top consumer may be slipping into an irreversible decline. Last year's fledgling recovery in US oil usage -- when ...
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Market swings compound economic worries
Arab News
By REUTERS WASHINGTON: The rich world appears stuck in a vicious cycle: subpar growth begets market volatility that then dampens confidence and damages prospects for further economic expansion. US consumer sentiment plunged to its lowest level since ...
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Chinese swagger over US woes could sour relations
Vancouver Sun
By DON DURFEE AND CHRIS BUCKLEY, Reuters August 14, 2011 9:34 PM BEIJING — America's debt troubles have triggered a burst of popular anger and swaggering self-confidence in China that, if unchecked, could complicate the broader US-China relationship, ...
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Water rights trade to help quench world thirst
Daily News Egypt
He and others at the Swiss headquarters of the world's biggest food group, whose profitability relies in large part on managing commodity prices, cite research showing 30 percent of global cereal crop production will be at risk by 2025-2030 unless ...
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Rig orders sustainable on current oil prices: Keppel
TODAYonline
SINGAPORE - Keppel Corporation, the world's largest oil rig-builder, expects demand to remain sustainable as long as crude prices remain above US$80 a barrel. Keppel Offshore & Marine chief executive Tong Chong Heong told Reuters that he expects the ...
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Outsourcing could become hot target in US election cycle
Firstpost
Jim Young / Reuters A buzzy event where voters are fed corn dogs and ice cream, the Iowa straw poll certainly isn'ta fool-proof indication of who will ultimately snag the Republican National Committee's (RNC) presidential nomination next August. ...
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Firstpost
Stocks rise on offshore leads
Stuff.co.nz
MARKET CARNAGE: Jitters about Europe's debt problems are taking their toll on theworld's sharemarkets. New Zealand stocks have followed Friday's gains on globalmarkets, ending a week marked by massive sell-offs and significant volatility. ...
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Stuff.co.nz
Analysis: US Sneeze Gives Cold to Indonesian Traders
Jakarta Globe
Demand for rubber, like that collected in this North Sumatra plantation, is expected to slacken amid a global slowdown. (Reuters/YT Haryono) Suharto Honggokusumo, the executive director of the Indonesian Rubber Association, said last week that prices ...
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Jakarta Globe
UAE tourist Visa card spending up 20pc
Trade Arabia
"Significant infrastructure developments throughout the UAE have contributed towards this turnaround, and the UAE is forecast to experience some of the world's strongest inbound tourism growth over the next five years," he told Reuters. ...
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Iran's 'nuclear partner' Russia seeks to revive global talks
Ynetnews
Presidential Security Council secretary Nikolai Patrushev is due to meet his Iranian counterpart and President Mahmoud Ahmadinejad in Tehran on Monday and is expected to raise a Russian plan to restart the talks that collapsed in January. (Reuters)
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Oprah and the philanthropy that chokes
The Guardian
Billionaire celebrities want to save the world Oprah Winfrey-style. But their giving has a price Oprah Winfrey has given money to New Orleans, HIV/Aids prevention, abused women's shelters and private scholarships. Photograph: Mario Anzuoni/Reuters ...
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The Guardian
Red card for lavishness
Fin24
World Bank chief Robert Zoellick warns of a "new danger zone" ahead for global markets, saying investors had lost confidence in the economic leadership of several key countries. In 1977, when English soccer club Liverpool sold two-time European player ...
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Gulf market rally running out of steam
Saudi Gazette
Rising crude prices bolster state revenues in the Gulf, the world's most important oil-exporting region. Global risk appetite has been rising and the safe-haven dollar has slumped as investors largely discount gloomy outlooks from economic sages. ...
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Prime Minister from Red Fort – Jai Hind, for a vigorous India
Firstpost
Won't speak much on it as the courts are tackling the cases that have come across recently • PM — In these seven years, we have grown a lot in self-confidence. Worldbelieves that India has the capacity to rise as global power.
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Firstpost
Iran's "nuclear partner" Russia seeks to revive global talks
Reuters India
By Robin Pomeroy TEHRAN (Reuters) - Russia will look to revive nuclear talks between Iran and theworld's biggest economic and military powers this week, hoping its special relationship with Tehran can help jolt back to life negotiations that some ...
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Kuwait c.banker says economy more vulnerable to oil prices-paper
Kipp Report
The world's greenest company is an automobile brand and the rest of the list is dominated by tech-related firms. Here's a countdown of the Interbrand's 10 greenest global brands.1 One in four people in the UAE and Saudi Arabia do not have savings at ...
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Give 'em a break: Everyone needs time out of the office
Chicago Tribune
German Chancellor Angela Merkel, not wanting to appear panicked and inadvertently create even more turbulence amid already roiled global markets and an unsteady euro, thought it best to hold to her holiday plans for time out of the public eye. ...
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ASEAN sees slower growth for this year
BusinessWorld Online
The 10 members of the Association of Southeast Asian Nations (ASEAN), ranging from impoverished Laos to financial center Singapore, posted average growth of 7.5% last year as their export-dependent economies rebounded following the global financial ...
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Pakistan Eyes Bigger Islamic Finance Share
Onislam.net
Pakistan has six Islamic banks, Meezan Bank, Bank-al-Islami, Global Islamic Bank, Al-Barka Bank, Dawood Islamic Bank and Global Emirates Islamic Bank. They have around 500000 customers in consumer financing and deposits sectors and hold 5 percent share ...
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Move to ban 'shorting' as leaders try to save euro
Business Day
The ban echoes steps taken at the height of the global financial crisis sparked by the collapse of Lehman Brothers in 2008 and reflects deep concern over the current turmoil as Europe tries to tame a deepening debt crisis. When investors opt to short- ...
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Tropical Storm Gert strengthens, will brush Bermuda
Reuters Africa
MIAMI, Aug 14 (Reuters) - Tropical Storm Gert strengthened slowly on Sunday on a track toward Bermuda and forecasters said the global reinsurance hub could expect increased winds, rain and surf when the storm passed on its eastern side. ...
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No rise in Dubai's water, power rates for the near future
Emirates 24/7
Analysts polled by Reuters in June expected UAE inflation to accelerate to 2.5 per cent this year from 0.9 per cent in 2010, which was the lowest annual level since the Gulf war started in 1990. Rising demand for electricity in Dubai, where soaring ...
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Infrastructure problems: a roadblock to growth
Oman Daily Observer
Two interstate highways come together at the river crossing, with a UPS distribution centre to the north and the company's global air shipping hub to the south. The bottleneck illustrates the decline of American infrastructure that is already hurting ...
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Japan on cusp of recovery after Q2; yen clouds outlook
IBNLive.com
By Tetsushi Kajimoto and Rie Ishiguro TOKYO (Reuters) - Japan's economy shrank much less than expected in the second quarter as companies made strides in restoring output after the devastating earthquake in March, but a soaring yen and slowing global ...
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Fernandez way ahead in Argentina primary
Reuters
The world is in difficulty, but if we manage to get over our differences ... we can learn to make fewer mistakes," Fernandez told cheering supporters, referring to global economic turmoil and extending an olive branch to her rivals. ...
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Europe crisis won't hit dry bulk trade
Business Times (subscription)
China's exports hit a record in July and the world's No 2 economy's imports of raw materials such as copper and iron ore saw strong gains. The recent fall in global commodity prices is expected to result in more Chinese buying. Mr Bodouroglou, who also ...
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RComm profit drops for 8th straight qtr, tower deal key
Reuters India
A Reuters poll of brokerages had on average expected net profit of 2 billion rupees on revenue of 54.32 billion rupees for the Mumbai-based firm, whose 143 million mobile subscribers account for nearly 17 percent of the world's second-biggest and the ...
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Reuters Breakingviews: The Limitations on Central Banks
BioMedReports (subscription)
If the first fear is global recession, the second is that central banks have run out of fixes. They do have means to respond, but only with radical and possibly dangerous policies whose efficacy is dubious. These nuclear monetary weapons might be ...
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Yen approaches post-war high on demand for refuge
Business Times (subscription)
The credit-rating cut 'set the tone heading out of the gates for the week', said Joe Manimbo, a market analyst in Washington at Travelex Global Business Payments, a currency-exchange network. 'That was really the catalyst for such a volatile week that ...
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Israel PM pledges 'concrete' economic solutions
Al-Arabiya
(Photo by REUTERS) By AFP OCCUPIED JERUSALEM Prime Minister Benjamin Netanyahu on Sunday pledged “concrete solutions” to the cost of living in Israel but warned that reforms would be constrained by the fragility of the world economy. ...
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Iran's "nuclear partner" Russia seeks to revive global talks ...
By Reuters: World News
Iran's "nuclear partner" Russia seeks to revive global talks. ReutersWorld News No comments. Originally Published By: ReutersWorld News Read the Original Article Here. TEHRAN (Reuters) – Russia will look to revive nuclear talks ...
FierceReason.com
Canada says G20 monitoring global economy (Reuters) | Stock Market ...
Canada says G20 monitoring global economy (Reuters). Written on August 3, 2011 by Editor -World News. TORONTO (Reuters) – Finance Minister Jim Flaherty ...
www.rocketnews.com/.../canada-says-g20-monitoring-global-...

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