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Aug 17, 2011

REUTERS News, Aug 17, 2011

A man walks inside the Athens' stock exchange in Athens April 28, 2010. REUTERS/Yiorgos Karahalis
Reuters



Investors shun equities, boost cash: BofA Merrill poll

By Natsuko Waki LONDON (Reuters) - Investors slashed equity holdings in August and boosted cash levels to their highest since March 2009 as concerns about a globaleconomic slowdown and the euro zone debt crisis drove an exodus from riskier assets,...
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GLOBAL MARKETS-World stocks, euro slip on poor euro zone data
Reuters
By Herbert Lash NEW YORK, Aug 16 (Reuters) - Global stocks slipped and the euro slid on Tuesday after weak German and euro zone growth data rekindled concerns about the worldeconomy and boosted demand for safe-haven assets like government bonds and ...
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London deemed top fashion capital-survey
Reuters
LOS ANGELES (Reuters) - London has overtaken New York as the world's fashion capital for 2011, fueled by media interest in late British designer Alexander McQueen and Kate Middleton, according to a survey by the Global Language Monitor. ...
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Dairy prices fall in NZ Fonterra's latest auction
Reuters Africa
WELLINGTON Aug 17 (Reuters) - International milk prices fell for a fourth consecutive internet auction, New Zealand's Fonterra Cooperative Group, the world's biggest dairy exporter, said on Wednesday. Fonterra's Global Dairy Trade-Trade Weighted Index, ...
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EMERGING MARKETS-Latam FX waffles as global slowdown gauged
Reuters
[ID:nN1E77F0B6] Analysts said a recent recovery in risk assets around the world was largely taking its cue from US stock markets. "Today was a quiet day, very low flows. Everyone is exhausted from the volatility. No one really knows if this is a ...
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China top paper presses US ahead of Biden visit
Reuters
BEIJING Aug 17 (Reuters) - The United States must ease Beijing's worries about its vast US debt holdings, China's top newspaper said on Wednesday ahead of a visit by Vice President Joe Biden, warning that mishandling ties would lead to a "roller-coast ...
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Negative swap rate signals Singapore rethink on SGD rise
Reuters
By Kevin Lim SINGAPORE Aug 17 (Reuters) - Singapore is attracting an unwelcome flood of US dollars that has caused a key interest rate to turn negative, complicating efforts to dampen inflation and prompting speculation the central bank will tweak its ...
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METALS-Copper ends lower as euro zone concerns persist
Reuters
By Chris Kelly and Harpreet Bhal NEW YORK/LONDON, Aug 16 (Reuters) - Copper ended down after touching its lowest level in a week on Tuesday, as risk appetite subsided after surprisingly weak German growth data fanned worries about a faltering global ...
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HK shares seen lower as eurozone debt woes linger
Reuters
HONG KONG Aug 17 (Reuters) - Hong Kong shares could open lower on Wednesday, after a meeting between the heads of France and Germany failed to dispel doubts over European leaders' will to contain their sovereign debt woes. With United States stock ...
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Insight: GM hopes spending on start-ups will make it cool
Reuters
By Ben Klayman DETROIT (Reuters) - From an empty auto-parts plant in the heart of Rust Belt America, General Motors Co (GM.N) is out to show the world that the automaker once dismissed as an industrial dinosaur has gained some Silicon Valley cool just ...
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Reuters
Big insurers may escape capital surcharges from global regulators
Reuters
Yoshihiro Kawai, secretary general of the IAIS, told Reuters that it would be likely that the measures for determining if any insurers are global systemically important financial institutions (G-SIFIs) and how they should be regulated would be ...
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China shares open down on worries over global economy
Reuters
... 17 (Reuters) - China's benchmark stock index opened down 0.2 percent, in line with weak globalmarkets after France and Germany failed to live up to market expectations for a solution to Europe's debt crisis, renewing worries over the world's major ...
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African Markets - Factors to watch on Aug 17
Reuters Africa
NAIROBI, Aug 17(Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday. - - - - - EVENTS: *MAURITIUS - Central bank auctions a new ...
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"Lost" penguin heading home in style on NZ research ship
Reuters
WELLINGTON (Reuters) - A young Emperor penguin that captured global attention when it washed up on a New Zealand beach after straying thousands of kilometers from home will be head back to the subantarctic aboard a research vessel and in a specially ...
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Workday Selected by Thomson Reuters
MarketWatch (press release)
... president of Global HR Solutions and Service Delivery at Thomson Reuters. "Workday has demonstrated they will be that partner, and together we can fulfill our vision of delivering a game-changing HR and payroll system to employees across the world. ...
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Top hotels wake up to Africa growth potential
Reuters Africa
By Wendell Roelf CAPE TOWN (Reuters) - Global hotel chains are poised to spend hundreds of millions of dollars in Africa over the next few years to meet increased demand from both international tourists and the continent's own fast-emerging middle...
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Reuters Africa
Kenyan tea prices dip at latest sale due to Ramadan
Reuters Africa
NAIROBI Aug 16 (Reuters) - The average price of top grade tea from Kenya, the world's largest exporter of black tea, eased for the third succesive weekly auction on Tuesday to $3.43 per kg from $3.55 per kg, brokers said. Africa Tea Brokers said in its ...
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NYMEX-US crude down 2 pct on economic woes, dollar
Reuters
NEW YORK, Aug 16 (Reuters) - US crude futures fell back 2 percent on Tuesday as a sharp decline in the euro zone's GDP sparked global oil demand worries. The euro fell against the dollar, prompting investors to reduce positions in riskier assets, ...
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DIARY - Global Environment
Reuters Africa
MONDAY, OCTOBER 31 CAIRO - The 10th (WWECC) World Wind Energy Conference & Renewable Energy Exhibition: Greening Energy: Converting Deserts into Powerhouses (to November 2). SUNDAY, NOVEMBER 6 GLOBAL - International Day for Preventing the Exploitation ...
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Gold, dividend-paying ETFs to lead in 2H 2011-State St
Reuters
By Manuela Badawy NEW YORK, Aug 16 (Reuters) - Volume in the exchange-traded fund market will rise in the second half of the year as investors look for liquidity, transparency and the ability to move quickly in and out of different assets during ...
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S.Korea-Market Factors to watch Aug 17
Reuters
*Global stocks and the euro fell on Tuesday after the leaders of France and Germany failed to live up to market expectations for a solution eo Europe's debt crisis and weak German growth data renewed worries about the world economy.
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Mideast economy hoping for Ramadan rebound
Reuters
After the Arab world, mainly the oil-rich Gulf, was hit hard by the global financial crisis and local debt woes, its economies began recovering in 2010 until the arrival of the Arab Spring threw into doubt the sustainability of a recovery in countries ...
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Reuters
Philippines - Market factors to watch - Aug 17
Reuters Africa
MANILA, Aug 17 (Reuters) - Here are news stories and press reports which may influence local financial markets on Wednesday: WHAT IS HAPPENING TODAY IN THE PHILIPPINES - Communication and News Exchange forum on home financing and housing programs, ...
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Indian shares rise on global cues; SBI, Coal India jump
Reuters
NEW DELHI Aug 16 (Reuters) - Indian shares rose 0.73 percent on Tuesday, mirroring globalmarket gains, after a takeover news lifted Wall Street overnight and as the Japanese economy shrank much less than expected. Asian shares drew succour on Tuesday ...
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Banks support FTSE after upbeat US data, Fitch
Reuters
LONDON, Aug 16 (Reuters) - Britain's top shares ended a shade higher on Tuesday, notably banks, after a better than forecast report on industrial output in the United States and as Fitch confirmed that nation's top credit rating with a stable outlook. ...
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Dell outlook disappoints, shares down
Reuters
By Poornima Gupta SAN FRANCISCO (Reuters) - Dell Inc slashed its 2012 revenue forecast as an already weak outlook for technology spending this year worsened, sending its shares more than 7 percent lower. The No. 2 personal computer maker on Tuesday cut ...
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Reuters
World Bank calls for debt curbs
Irish Times
Members of the G7 group of leading industrial powers last week promised to take whatever action was needed to steady global financial markets, including joint action in foreign exchange markets if needed. – (Reuters)
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Cathay Pacific says July cargo traffic down 11 percent on year
Reuters
HONG KONG (Reuters) - Cathay Pacific Airways (0293.HK) said on Tuesday that its cargo throughput in July fell 11 percent from the same month a year earlier, the fourth consecutive month of contraction, on continued weak demand in Hong Kong and mainland ...
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Reuters
China's top state planner expects GDP to grow by 7 pct annually
Reuters
HONG KONG Aug 17 (Reuters) - Gross domestic product (GDP) in China, the world's second-largest economy, is expected to expand by 7 percent annually over the next five years, the country's top state planner said on Wednesday. ...
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SE Asia Stocks-Major indexes pull back; Singapore underperforms
Reuters
... company news Forex news Global Economy news Banking news Tech,Media,Telecoms 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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Greenland posts Cairn oil spill plan to combat fears
Reuters
COPENHAGEN, Aug 16 (Reuters) - Greenland has published British explorer Cairn Energy's oil spill response plan in a bid to calm fears about Arctic exploration after environmental group Greenpeace demanded that it be made public. ...
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PRECIOUS-Gold steady, euro zone crisis seen lingering
Reuters Africa
"The gold market's strength may be due to a continued focus on events in the economy and the likelihood that low interest rates remain a dominant theme," said MF Global in a research note. Holdings of the SPDR Gold Trust , the world's largest ...
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Indian shares fall for 3rd straight day on European cues
Reuters
By Anurag Kotoky NEW DELHI, Aug 16 (Reuters) - Indian shares fell for a third straight session on Tuesday, wiping out early gains as a lower-than-expected German gross domestic product growth dragged European stocks, renewing fears of a global economic ...
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Airbus says medium-haul jet demand to help offset economic downturn
Reuters
By Michael Smith SYDNEY (Reuters) - European planemaker Airbus (EAD.PA) expects aircraft production to be flat or slightly higher in the event of another globaleconomic downturn as growing demand for medium-haul jets in Asia helps it keep the pressure ...
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Reuters
Locals advise on economy
Shoreview Press
BofA Global Wealth and Investment Management strategists believe that although recent economic developments are concerning, decisive action by the world's policy makers can halt the negative market psychology around a recession and the debt deflation ...
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GRAINS-US wheat futures rise on crop concerns
Reuters Africa
Traders said the corn market would be dominated by the outside markets as global stock markets dropped on stagnant growth in Germany that led to more investor fears the world economy is slowing more than expected. * The Obama administration pledged ...
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Taiwan stocks slip, Motorola suppliers up after Google deal
Reuters
TAIPEI, Aug 16 (Reuters) - Taiwan stocks slipped 0.27 percent on Tuesday, but Motorola suppliers rallied following Google Inc's bid to acquire Motorola Mobility Holdings Inc . The main TAIEX index ended down 20.8 points at 7798.59, weighed down by ...
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Governments should deal with global debt woes, says World Bank ...
Recent related news ... CANBERRA (Reuters) - The World Bank called for national governments to seek long-term debt curbs on Tuesday to solve the current sovereign debt ... World Bank chief Govts should deal with global (news article) ...
www.onenewspage.com/.../Governments-should-deal-with-glo...

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