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Aug 19, 2011

REUTERS News, Aug 19, 2011


Vehicles are seen in a traffic jam during rush hour at Marginal Pinheiros in Sao Paulo July 22, 2011. REUTERS/Nacho Doce


Emerging powerhouses can't save the world
Reuters
By Alan Wheatley, Global Economics Correspondent LONDON (Reuters) - Emerging markets will not save the world if the West slides back into recession. In an interconnected global economy, decoupling is a beguiling myth. As fears mount that the developed ...
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Reuters
EMERGING MARKETS-Latam currencies drop on world growth outlook
Reuters
By Jeb Blount RIO DE JANEIRO, Aug 18 (Reuters) - Latin American currencies weakened against the US dollar on Thursday as mounting concern the world economy will slow led investors to shun emerging-market assets. The United States and Europe, ...
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Analysis: Critics say new law makes them tax agents
Reuters
By Lynnley Browning NEW YORK (Reuters) - A US law meant to snuff out billions of dollars in offshore tax evasion has drawn the criticism of the world's banks and business people, who dismiss it as imperialist and "the neutron bomb of the global ...
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Reuters
COMMODITIES-Gold hits record, oil slides as economic worries mount
Reuters
Data on Thursday showing factory activity in the US Mid-Atlantic region fell to the lowest level since March 2009 when the world's top economy was in recession fanned fears the US economy could shrink again, pummeling global equities and boosting the ...
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European shares tumble on global growth worries
Reuters
By Brian Gorman LONDON, Aug 18 (Reuters) - European equities fell heavily on Thursday, as a bigger-than-expected rise in US weekly jobless claims added to worries about the strength of recovery in the world's biggest economy. ...
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FACTBOX-World alarmed at violence in Syria
Reuters Africa
Aug 18 (Reuters) - Criticism is growing around the world of the Syrian government's crackdown on pro-democracy protestors. Here are recent comments from global powers and analysts. * UNITED STATES: President Barack Obama on Thursday for the first time ...
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Analysis: Brazil's economy goes from "great" to "good"
Reuters
Meanwhile, the government's prized infrastructure program, which includes projects related to the 2014 World Cup and 2016 Olympics, has struggled to execute construction in recent months, leaving long lines on the country's highways and at ports. ...
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Bonds rally on economy, eurozone fears
Reuters
By Ellen Freilich NEW YORK (Reuters) - More fears about the global economy drove prices of safe-haven US government bonds up on Thursday and perceptions about the US and euro zone outlook are likely to govern trading in coming days. ...
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CANADA FX DEBT-C$ slides on weak data, souring outlook
Reuters
By Ka Yan Ng TORONTO, Aug 18 (Reuters) - Canada's dollar fell hard against the US currency on Thursday, weakening on worries over the European debt crisis and a raft of gloomy US data that added to an already souring outlook for the world economy. ...
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Thai stocks to fall after another global sell-off
Reuters Africa
BANGKOK, Aug 19 (Reuters) - Thai stocks are expected to fall on Friday in line with another slump in global markets because of worries about growth in the United States plus concern about European lenders facing short-term funding strains, ...
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Gold hits record on US growth, Europe woes
Reuters
The uncertainty in the global economy would likely boost the prices of bullion further, to $1900 an ounce in the next six months, said metals consultancy GFMS, a unit of Thomson Reuters. Technical analysis echoed the bullish sentiment. ...
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Reuters
US dreads the R word, but numbers paint a grim picture
Firstpost
Morgan Stanley cut the global GDP growth forecast for 2011 to 3.9 percent from 4.2 percent, and its 2012 estimate to 3.8 percent from 4.5 percent. Reuters In a research note titled 'Dangerously Close to Recession', Morgan Stanley cut the global GDP ...
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Firstpost
HP may drop PCs, to buy Autonomy for $11.7 bln
Reuters
By Poornima Gupta and Paritosh Pansal SAN FRANCISCO/NEW YORK, Aug 18 (Reuters) - Hewlett-Packard Co (HPQ.N) may spin off the world's largest PC business, part of a wrenching series of moves away from the consumer market, including killing its new ...
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SABMiller invests further into Chinese beer market
Reuters
LONDON (Reuters) - Global brewer SABMiller (SAB.L) is expanding further in the world's biggest beer market with its Chinese joint venture agreeing to pay around $42 million on Thursday for an investment in a brewer in the southern Chinese province of ...
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CANADA FX DEBT-C$ eases in choppy trade, bond prices soar
Reuters
By Ka Yan Ng TORONTO, Aug 18 (Reuters) - Canada's dollar was weaker in choppy trading on Thursday morning after a raft of US and Canadian data did little to offset an already glum economicworld outlook. The nervousness, however, sent government of ...
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Taiwan stocks drop on Wall St selloff, exporters down
Reuters
TAIPEI, Aug 19 (Reuters) - Taiwan stocks retreated 2.92 percent on Friday, as plunges in US and regional bourses renewed fears of a global recession and cast doubt on prospects for tech exporters such as Taiwan Semiconductor Manufacturing Co Ltd . "The ...
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UPDATE 1-Australia's Fortescue FY profit jumps on iron ore prices
Reuters
Out of a forecast $31.947 billion in earnings before interest and tax, Citi Global Markets expects $13.52 billion to come from BHP's iron ore division, more than twice that of base metals, its second-best performing division. China, the world's largest ...
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MIKE CASSESE/REUTERS
Toronto Star
World Youth Day Up to a million pilgrims are expected to attend various events during the week, culminating in Pope ... Candid mammal moments The first global camera trap mammal study has documented 105 species in nearly 52000 images from th. ...
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CANADA STOCKS-TSX dives 3 pct as recession fear grips market
Reuters
By Claire Sibonney TORONTO, Aug 18 (Reuters) - Toronto's main stock index tumbled more than 3 percent on Thursday, rattled by fears that the world economy might fall into a new recession and the possibility that the European debt crisis might spread to ...
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S.Africa rand extends losses, tracks bourse
Reuters Africa
JOHANNESBURG Aug 18 (Reuters) - South Africa's rand extended losses against the dollar on Thursday, falling more than 2.1 percent and in tandem with local and global stocks, which were slammed by renewed world growth worries. ...
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GRAINS-US grains futures steady in Asia after selloff
Reuters Africa
The Reuters-Jefferies CRB index , a global commodities benchmark, closed on Thursday with its biggest daily loss since the US credit rating downgrade as financial markets drew broad selling. * Egypt, the world's largest wheat importer, ...
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Insight: Arab Spring raises hopes of rebirth for Mideast science
Reuters
Hardly any Arab universities make it into lists of the world's 500 top universities. But Arab scientists say the first steps toward change have been taken. A recent Thomson Reuters Global Research Report showed countries in the Arab Middle East, ...
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VEGOILS-Palm oil flat, global economic woes weigh
Reuters Africa
* Investors jittery over ongoing global economic woes * Ramadan impact seen favourable for short-term palm prices (Updates throughout, adds comment/detail) By Michael Taylor JAKARTA, Aug 18 (Reuters) - Malaysian palm oil futures ended little changed on ...
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Fresh macro fears drag U.S. wheat from 2-month top
Reuters
PARIS/SINGAPORE (Reuters) - US wheat slid 2 percent on Thursday, after touching a two-month high the previous day, as renewed concerns about a global economic slowdown sparked losses in equity and commodity markets. Chicago Board of Trade September ...
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Volatility raises refinancing risk for lowest-rated issuers
Reuters
... although they are firmly favoring higher-rated high-yield issuers in the double or single B world. "We view the recent sell-off as an excellent entry point for high-quality paper," says Michael Anderson, global high-yield strategist at Citi. ...
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Reuters
Dim global growth prospects create uncertainty: Gordhan
Reuters Africa
By Stella Mapenzauswa PRETORIA (Reuters) - Dimmer prospects for global growth are creating an uncertain environment for South Africa, Finance Minister Pravin Gordhan said on Thursday, adding it was time to sincerely examine the economic inequalities in ...
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Reuters Africa
Eid undimmed for Southeast Asia Muslims despite rising prices
Reuters India
By Razak Ahmad and Andjarsari Paramaditha JAKARTA/KUALA LUMPUR (Reuters) - They are running out of cars at the Toyota showroom in Kalibata, south Jakarta, as Indonesia, the world'smost populous Muslim nation, prepares for the festival of Eid al-Fitr ...
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Indian shares dive to near 15-month closing low; lenders fall
Reuters
By Kaustubh Kulkarni MUMBAI, Aug 18 (Reuters) - Indian shares fell 2.2 percent on Thursday, their lowest close in nearly 15 months, mirroring weak Asian and European peers as glum global growth outlook prompted investors to cut exposure to riskier ...
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Biomass key for low-carbon energy, spurs food prices
Reuters
By Gerard Wynn LONDON (Reuters) - Greater use of woody fuels is vital to slashglobal carbon emissions but fast advances in crop yields will be needed to avoid driving up food prices, members of Germany's Potsdam Institute for Climate Impact Research ...
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Reuters
PFI model comes under attack in UK
Reuters
By Lorraine Turner LONDON, Aug 19 (Reuters) - A report by British lawmakers on Thursday criticised the funding structure behind many schools and hospitals, saying that Public Finance Initiatives (PFI) are not value for money, and projects must be paid ...
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Running hard, Perry a tough sell in New Hampshire
Reuters
By Ros Krasny PORTSMOUTH, New Hampshire (Reuters) - White House hopeful Rick Perry has hit New Hampshire hard since kicking off his bid for the Republican nomination, but the tough-talking Texan will struggle to win support in this early-voting state. ...
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Reuters
Human fecal waste is coral killer, research shows
Reuters
Sutherland said human sewage was another threat to the world's fragile corals, which were already under heavy stress from worsening ocean conditions like deteriorating water quality and rising temperatures caused by global warming. ...
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Global economic gloom to sink tanker market recovery hopes
Pakistan Daily Times
An economic slowdown, or worse yet a recession, could push oil consumption in the United States — the world's top oil consumer — into an irreversible decline and overshadow China's growing needs for the energy resource. “The crude tanker markets have ...
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Frutarom Q2 net slips on raw material price rises
Reuters
JERUSALEM Aug 18 (Reuters) - Israeli food flavourings and specialty ingredients company Frutarom Industries reported lower quarterly profit on Thursday, citing a rise in raw materials costs. Frutarom (FRUTq.L), the world's seventh-largest maker of ...
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Biden: World economy depends on USChina ties
Politico
Vice President Joe Biden told his Chinese counterpart Xi Jinping that “the economic stability of the world” depends on the US-China relationship, Reuters reported Thursday. Biden, speaking on the first day of an official visit to China, ...
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Politico
Analysis: History, at least, suggests end-of-year stocks rally
Reuters
By Jeremy Gaunt, European Investment Correspondent LONDON (Reuters) - History suggests the misery suffered by stock investors this summer should end soon, even if relying on precedent seems risky in this year of surprises. Based purely on averages,...
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Reuters
Mexico set to award historic private oil contracts
Reuters
By Mica Rosenberg and Luis Manuel Lopez MEXICO CITY/VILLAHERMOSA, Mexico, Aug 18 (Reuters) - Mexico's state oil monopoly Pemex will award its first-ever private oil-field operating contracts on Thursday in a move the company hopes will kick-start ...
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Reuters sports schedule at 0600 GMT on Thursday, Aug 18
Yahoo! Eurosport UK
SYDNEY - James Horwill is clearly still digesting the remarkable journey that has taken him from the treatment room to Super rugby champion and now captain of Australia for the World Cup in a few, short months. (RUGBY-WORLD/AUSTRALIA-HORWILL, ...
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HK, China shares slide, Chinese property names drag
Reuters
By Clement Tan HONG KONG, Aug 18 (Reuters) - China shares slipped on Thursday, dragging Hong Kong shares into the red as spooked investors sold off property-related stocks after Beijing announced details of a proposed extension of home purchasing curbs ...
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Seoul shares down; techs dive, telecos rally
Reuters
By Hyunjoo Jin SEOUL, Aug 18 (Reuters) - Seoul shares snapped a two-day gaining streak on Thursday, with institutional investors dumping tech issues after Dell Inc's disappointing outlook. The Korea Composite Stock Price Index (KOSPI) closed down 1.7 ...
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Exclusive: Nestle, Danone early leaders to land $10 billion Wyeth
Chicago Tribune
Both see Wyeth's business in Asia as key since the region accounts for 45 percent of the worldmilk formula market -- China alone accounts for a fifth of global sales -- and because more than half the world's births occur in the region. ...
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Rockwell Global Capital Expands With the Addition of Chief Market Economist
PR Newswire (press release)
In addition, his comments are published weekly on Marketwatch.com, Reuters, CNN Money, TheStreet.com and other internet business publications. The recent hire reinforces Rockwell's commitment to continue to expand as an international, full service ...
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Oil falls, US economic data stoke investor concerns
Economic Times
Analysts have revised down forecasts for fuel consumption in recent weeks as concerns about the economy increase, and Morgan Stanley cut its forecast for global GDP growth for 2011 and 2012. The latest worries came from data showing US existing home ...
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UN tells Mbeki he got it wrong on Ivory Coast | Global News Journal
By Louis Charbonneau
Global News Journal. Beyond the World news headlines. » See all analysis and opinion ...REUTERS/Thierry Gouegnon. This week U.N. Secretary-General Ban Ki-moon's chief of staff, Vijay Nambiar, defended the United Nations' record on Ivory Coast. In a highly unusual public rebuttal, Nambiar told former South African President and African Union mediator for the Ivory Coast conflict, Thabo Mbeki, that it was he – not the international community — who got it wrong in the ...
Global News Journal
Analysis - NewsWires : euronews : the latest international news as ...
LONDON (Reuters) – Emerging markets will not save the world if the West slides back into recession. In an interconnected global economy, decoupling is a ...
www.euronews.net/.../1062985-analysis-emerging-powerhous...

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