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Aug 16, 2011

REUTERS News, Aug 16, 2011


 REUTERS News, Global, World, Latest
World Bank's Zoellick: China Yuan appreciation would be positive
Reuters
CANBERRA Aug 16 (Reuters) - The appreciation of China's yuan currency would be a positive in helping restore global economic stability and tackling China's inflationary pressure, World Bank President Robert Zoellick said on Tuesday. ...
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Global food prices near 3-year highs -World Bank
Reuters Africa
By Lucia Mutikani WASHINGTON, Aug 15 (Reuters) - Global food prices held near three-year highs in July and stocks were low, piling on pressure on the world's poor, the World Bank said on Monday. The World Bank Food Price index increased 33 percent in ...
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Asian shares rise, euro steady ahead of summit
Reuters
By Daniel Magnowski SINGAPORE (Reuters) - Asian stock markets rose on Tuesday after Wall Street shares climbed for a third straight session, while the euro steadied as traders awaited talks between leaders of France and Germany on what further measures ...
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Reuters
Indonesia can cope with worsening global economy - president
Reuters
JAKARTA Aug 16 (Reuters) - Indonesia can cope with a worsening global economic situation and has policy instruments in place to deal with a crisis, its president said on Tuesday. "Even though the economic situation in Europe and the United States is ...
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Airbus sees output flat or up slightly if world economy dips
Reuters
SYDNEY Aug 16 (Reuters) - Airbus expects its production to be flat or slightly higher if the globaleconomy falters, its commercial chief said on Tuesday, after Qantas Airways said it would buy up to 110 Airbus A320 aircraft. Airbus sees ongoing demand ...
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GLOBAL ECONOMY WEEKAHEAD-Market swings compound economic worries
Reuters
Growth in the world's largest economy slowed to a trickle in the first half, and recent data suggest a long-heralded second-half rebound will be meeker than first thought. Unemployment has also remained stuck near 9 percent, raising speculation the ...
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China official paper calls for widening of yuan
Reuters
By Fayen Wong and Zhou Xin SHANGHAI/BEIJING (Reuters) - The time "is ripe" for China to widen its yuan trading band, the state-owned China Securities Journal said in a front-page editorial on Tuesday, marking the latest call for a more flexible yuan ...
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Reuters
EMERGING MARKETS-Latam currencies gain on easing growth outlook
Reuters
By Jeb Blount RIO DE JANEIRO, Aug 15 (Reuters) - Latin American currencies gained against the US dollar on Monday as rising world stocks eased concern about global growth and raised expectations that declines in emerging market assets may be overdone. ...
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UAE tourist Visa card spending up 20 pct in 2010
Reuters
By Martina Fuchs DUBAI (Reuters) - Travellers to the United Arab Emirates spent 20.3 percent more with their Visa (VN) cards in 2010 compared with the previous year, as tourism recovered from the impact of the global financial crisis, ...
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Reuters
NYMEX-US crude seesaws near flat eyeing economy
Reuters
US stock index futures rose, feeding bullish hopes that the recent selling would ebb after last week's wild swings took the S&P 500 near a one-year low. [.N] * World stocks climbed further out of their August hole, lifted by signs of ...
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GLOBAL MARKETS WEEKAHEAD - Cheap but not cheerful
Moneycontrol.com
By Natsuko Waki LONDON (Reuters) - After a rollercoaster week in risk-averse markets, worldstocks are looking decidedly cheap -- but can that convince investors to pile back in? Valuations have fallen steeply as the benchmark MSCI world equity index ...
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Global sugar surplus in 2011/12 seen 4m tons
Arab News
By REUTERS CEBU, Philippines: World sugar surplus is estimated around 4 million tons in the crop year to September 2012, above an earlier projection in excess of 3 million tons, but strong Asian demand could offset any oversupply, the International ...
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ZINC-Major market developments in July
Reuters
LONDON Aug 15 (Reuters) - Zinc price gains in July were more than wiped out in early August as worries intensified about global economic prospects, and further price declines could trigger mine production cuts in China, and help reduce surplus supply. ...
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Brickbats, few bouquets, greet US lawmakers at home
Reuters
Craig Verniel, 35, an Orlando cell phone tower designer, told Reuters he was disgusted by the debt ceiling debate. "They made us look like a laughing stock in front of the whole world," said Verniel, who stopped while jogging to watch a rally this ...
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U.N. atom body wants wider nuclear safety checks
Reuters
The document from the International Atomic Energy Agency (IAEA), obtained by Reuters on Monday, outlined a series of measures in 10 areas to help improve global nuclear safety after the Fukushima accident more than five months ago. ...
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UPDATE 1-Michael Page sees banking sector slowdown
Reuters
By Neil Maidment LONDON, Aug 15 (Reuters) - British recruitment firm Michael Page International warned its banking business has begun to slow as the recent turmoil in global financial markets adds to hiring freezes that are starting to bite. ...
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FACTBOX-Main issues for US Vice President Biden in China
Reuters
Aug 15 (Reuters) - US Vice President Joe Biden travels to China this week to meet his Chinese counterpart Xi Jinping for talks on a wide range of issues between the world's largest economies, which are competitors and also partners. ...
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UPDATE 1-Huawei says H1 sales up 11 pct, on track for 2011 target
Reuters
By Lee Chyen Yee HONG KONG, Aug 15 (Reuters) - China's Huawei Technologies Co Ltd , theworld's No.2 network equipment maker, posted an 11 percent rise in its first-half sales as it closes in on market leader Ericsson (ERICb.ST). ...
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Special Report: The bonds that turned to dust
Reuters
The deal's global paper trail, compiled from corporate registries and legal records as well as documents and emails supplied by a person with close knowledge of the situation, led Reuters to a half dozen companies. Some were incorporated in one ...
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Salk Institute named global leader in plant biology research
EurekAlert (press release)
LA JOLLA, CA- Thomson Reuters Essential Science Indicators has seeded the Salk Institute as the number one research organization for plant biology in the world. Led by plant biologists, Joe Ecker, Ph.D., Joanne Chory, Ph.D. Jeff Long, Ph.D. and Joe ...
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Philippines - Market factors to watch - Aug 16
Reuters Africa
MANILA, Aug 16 (Reuters) - Here are news stories and press reports which may influence local financial markets on Tuesday: WHAT IS HAPPENING TODAY IN THE PHILIPPINES - Bureau of Treasury hold auction for 4-year T-bonds, 1:00 pm [0500 GMT] ...
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Gold holds steady ahead of Franco-German summit
Reuters
By Rujun Shen SINGAPORE (Reuters) - Spot gold held onto gains made in the previous session on Tuesday, but hopes that a Franco-German summit will make progress to help quell the region's sovereign debt crisis are expected to keep a lid on prices. ...
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Reuters
Brazil's JBS beef producer posts Q2 net loss
Reuters
SAO PAULO Aug 15 (Reuters) - Brazil's JBS SA (JBSS3.SA), the world's biggest beef producer, reported a second-quarter net loss of 180.8 million reais ($114 million), reversing a year-ago gain as US performance suffered. The company posted net income of ...
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METALS-LME copper dips on shaky economic outlook
Reuters Africa
Investors are eyeing a slew of US data due later on Tuesday, including housing starts and industrial output, for more clues about the state of the world's biggest economy after a recent spate of disappointing indicators. ...
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Uncertainty kept rates steady: RBA
Business Spectator (blog)
By a staff reporter, with Reuters The Reserve Bank of Australia says acute uncertainty in globalfinancial markets led to them to keep interest rates on hold for the eighth consecutive time. Earlier this month, the central bank left the official cash ...
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PRESS DIGEST - Wall Street Journal - Aug 15
Reuters
Aug 15 (Reuters) - The following were the top stories in The Wall Street Journal on Monday. Reutershas not verified these stories and does not vouch for their accuracy. * As world leaders grow more worried about the global economy, ...
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China inflation may hit 6.2 pct in Q3 -think tank
Reuters
BEIJING Aug 16 (Reuters) - China's average inflation rate is likely to accelerate in the third quarter to 6.2 percent from 5.7 percent in the previous quarter, a state think tank forecast on Tuesday, warning that food price pressures would persist. ...
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The mysterious charity behind Micalizzi's bonds
Reuters
Bekhtina told Reuters Kobzar was responsible for "big assets from the Soviet Union, Russia and now some global positions" and had been "checked by central banks," although she declined to say which. In a July 2007 letter from ICCF to Russian President ...
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US STOCKS-Google deal boosts shares for third day
Reuters
"It's causing people to rethink their view toward the market," said Nick Kalivas, senior equity index analyst at MF Global in Chicago. "It's causing people to think more about valuation than they have inrecent days." The Dow Jones industrial average . ...
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Gold up 1 pct on dollar drop; funds, euro meet eyed
Reuters India
The metal is around $50 below a record $1813.79 an ounce set on Thursday, as global equity markets continued to recover from recent steep decline. Some analysts said that the metal was long due for a pullback, after it gained as much as 13 percent in ...
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Fed's Lockhart says US recession risks have risen
Reuters
Delving into the reasons for "wild" recent swings in global financial markets, Lockhart said the ups and downs were in part a reaction to the downgrade of the US AAA credit rating. He said worries about Europe have also been at the forefront, ...
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Are the biggest barriers to global recovery 'political, not economic'?
The Guardian
Photograph: Luke Macgregor/Reuters Yes, I agree with George but for different reasons. The politicians created the global depression and no one went to jail. As a matter of fact ....the looting is still going on. Goldman,JP Morgan, BofA, Haliburton, ...
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The Guardian
Loonie higher, briefly pares gains on US data
Reuters Canada
TORONTO (Reuters) - Canada's dollar pared gains against the US currency on Monday after soft US manufacturing data reinforced a negative tone on global growth from the prior week. Risk sentiment had been tilted to the positive side overnight as world ...
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'The Lone Ranger' is out of the saddle
Los Angeles Times
(Jas Lehal / Reuters) By Dawn C. Chmielewski and Richard Verrier, Los Angeles Times Walt Disney Co.'s decision to suspend the planned production of "The Lone Ranger" because of budgetary concerns — even though the reinvention of the classic western ...
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Los Angeles Times
GLOBAL MARKETS - US stocks up for a 3rd day oil rises on weak dlr
Moneycontrol.com
MSCI's all-country world stock index, a broad measure of global equities, was up 1.6 percent, ratcheting up a 7 percent gain since hitting an 11-month low on Thursday. European stocks rose 2.3 percent. Most US Treasuries prices were stable, ...
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Hong Kong's slump signals global trouble: analysts
MarketWatch
Hong Kong, he said, is arguably the best barometer of global activity, as its reliance on exports makes it among world's most leveraged to external activity. Weak spending on weaker global consumption was also a factor in the Hong Kong slump, ...
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MarketWatch
SE Asia Stocks-Recover to one-week high, led by banks
Reuters Africa
* Positive global sentiment, summit hopes lift markets * Most markets around 1-week high but in thin volume * Manila sees $9.8 mln outflows; Indonesia in balance By Shihar Aneez COLOMBO, Aug 15 (Reuters) - Southeast Asian stock markets rose on Monday ...
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H&M sales slide as European consumers feel the pinch
Reuters
The average forecast in a Reuters poll of analysts had been for H&M to report a 5.1 percent comparative sales fall. H&M's shares, which touched the lowest point in more than two years last week as global growth fears rocked markets, fell 1.9 percent by ...
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Reuters
A "modern day Monaco"
Reuters
By Laurence Fletcher LONDON (Reuters) - FASD, based in the small village of Hadlow Down in southern England, is one company that has shown interest in bonds that were bought by failed hedge fund DD Growth Premium, although its chairman denies this. ...
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IFR-Global loan backlog building as M&A, leverage slow
Reuters Africa
By Tessa Walsh and Christopher Mangham LONDON Aug 15 (Reuters) - (The following story appeared in the August 13 issue of International Financing Review, a Thomson Reuters publication). The global syndicated loan market is slowing, with $112.5 billion ...
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NYMEX-Oil eases towards $87 on dollar, weak US data
Reuters UK
US crude oil stockpiles are expected to have fallen for a second straight week due to lower imports, a preliminary Reuters poll showed on Monday ahead of weekly inventory data. * Global equities climbed further out of their August hole on Monday, ...
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Inside "secrecy jurisdictions"
Reuters Africa
For a PDF: link.reuters.com/sut23s By Sara Ledwith LONDON Aug 15 (Reuters) - Alberto Micalizzi, the economics professor whose hedge fund collapse is the subject of a Reuters investigation, based his company in London but registered its funds in the ...
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Singapore Stocks-Set to open higher; United Envirotech in focus
Reuters Africa
... News European companies Forex news Global Economy Technology Telecoms Media news Banking news General/political Asia Macro A multimedia version of Reuters Top News is available at: topnews.session.rservices.com LIVE PRICES & DATA: World Stocks <0#. ...
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IP Solutions business of Thomson Reuters adds patent records from patent ...
Knowledgespeak
The IP Solutions business of Thomson Reuters has announced the addition of patent records from the patent-issuing authorities of Hong Kong, Poland and the Gulf Cooperation Council (GCC) to its Derwent World Patents Index (DWPI) database. ...
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Mexico peso firms sharply, below 200-wk SMA
Reuters
MEXICO CITY Aug 15 (Reuters) - Mexico's peso firmed sharply on Monday as sharp gains in stocks around the world lifted demand for riskier assets such as emerging market currencies. The peso MXN= MXN=D2 firmed 0.59 percent to 12.2277 per dollar. ...
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Triple Point Software Used by World's Top Commodity Traders
Marketwire (press release)
In a recent article, Reuters ranked the world's top independent oil and commodity traders, identifying Vitol Group, Glencore International AG, Cargill Inc., Koch Industries, Trafigura, and Gunvor International as the largest. ...
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UN sends mixed signals on civilian deaths in Libya | Global News ...
By Louis Charbonneau
U.N. officials and diplomats said it was hardly surprising that different senior officials at the worldbody are finding it hard to keep a consistent line on the conflict, which, back in March, most of them had hoped would be over in a few weeks. ... Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/...
Global News Journal
NewsDaily: Global food prices near 3-year highs: World Bank
By Lucia Mutikani
By Lucia MutikaniPosted 2011/08/15 at 7:33 pm EDT. WASHINGTON, Aug. 15, 2011 (Reuters) —Global food prices held near three-year highs in July and stocks were low, piling on pressure on theworld's poor, the World Bank said on Monday. ...
NewsDaily: Top Headlines
World Bank chief: Governments should deal with global debt ...
CANBERRA (Reuters) - The World Bank called for national governments to seek a ... Recentinvesting news. Hollysys 4Q in line; CEO condemns short selling ...
money.msn.com/business-news/article.aspx?feed=OBR...
Global food prices near 3-year highs: World Bank (Reuters) > News ...
Reuters - Global food prices held near three-year highs in July and stocks were low, piling on pressure on the world's poor, the World Bank said on Mo...
www.1150kago.com/.../Global-food-prices-near-3-year-highs-...

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