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Aug 21, 2011

REUTERS News, Aug 21, 2011


Investors seeing gold in US farmland, infrastructure
Reuters
By Christine Stebbins CHICAGO, Aug 20 (Reuters) - The overall US economy may be struggling against a double-dip recession but in farm country the boom times have rarely been better. Farmland prices are setting records and farmer incomes have been ...
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Global copper market in surplus in H1 2011 - WBMS
SteelGuru
Reuters reported that the global copper market had a surplus of 107400 tonnes in the first 6 months of this year compared with a surplus of 84000 tonnes for the whole of last year. The World Bureau of Metal Statistics said that world mine production in ...
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India 'fuel demand growth will beat IEA forecast for H2'
Gulf Times
By Clyde Russell, Reuters/Singapore India's fuel demand growth is likely to slow in the second half of this year, but probably not by as much as the International Energy Agency forecasts. In order to meet the IEA's latest forecast of a 3.6% gain in ...
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Saudi cbank sees moderate price pressures in Q3
Reuters Africa
Consumer prices in the world's top oil exporter are expected to climb further this year due to surgingglobal food prices and following a government announcement earlier this year that it plans to spend more than $130 billion on social projects. ...
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How Indonesia crippled its own climate change
Montreal Gazette
They had no legal right to make the contract,” Daryanto told Reuters. Santoso described it as the project's “fatal mistake.” Daryanto also questioned whether REDD would ever work and whether there was any global appetite for carbon credits the program ...
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Asian commodities markets insulated from crisis, but stay cautious on global ...
Gulf Times
An average of more than 110mn barrels of fuel oil and distillate swap contracts were traded during this period, versus the 2010 average of 85mn barrels, Reuters data show. Volumes for August were around 49mn barrels up till last Friday, ...
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Gulf Times
Colombia pauses rate hikes amid fears
gulfnews.com
Nineteen of 35 economists polled by Reuters last week expected the bank to raise rates 25 basis points. The remaining 16 said the bank would hold rates. As fears grow the developed world is shifting from slow growth to stagnation, the bank said it was ...
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India Gold Imports May Reach a Record
Bloomberg
Global holdings of gold by governments and official institutions such as the International Monetary Fund stood at 30684 tons last month, according to the World Gold Council. Central banks added 155 tons valued at about $8.18 billion to reserves in the ...
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Top hotels wake up to Africa growth potential
Gulf Times
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 class. Africa was the only region in the ...
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Gulf Times
5 Reasons Gold May be a Bubble Ready to Pop
International Business Times
The World Gold Council in a recent study said that in the second quarter total globaldemand for gold declined 17 percent, on a year-over-year basis. But despite that decline the price of gold rose about 25 percent. At some point supply and demand have...
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International Business Times
To keep growing, India needs reform update
The National
Now a slew of global car makers are setting up shop in India as the country emerges as one of the world's fastest-growing car markets. Until the 1990s, the national carriers Air India and Indian Airlines were the only passenger airlines. ...
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The National
Apple's now worth as much as every Eurozone bank, put together
thejournal.ie
Yesterday the Californian electronics manufacturer marked yet another milestone in its inexorable march towards global iDominance – when its value became greater than that of every single bank in the Eurozone… put together. Reuters reports that for a ...
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Asia LNG thirst revives tanker orders, brings back the banks
Gulf Times
... investment to the latest boom market. Underscoring the glum state of the crude oil tanker market, the chief executive of Frontline, the world's top independent tanker operator, told Reuters this week that confidence there had hit an all-time low. ...
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Gulf Times
Demand for Most Durable Goods Probably Fell on Concern U.S. Economy Waning
Bloomberg
“Businesses are very cautious given all the uncertainty and slowing demand,” said John Herrmann, senior fixed-income strategist at State Street Global Markets LLC in Boston. “Any further weakness in the manufacturing sector will undermine the integrity ...
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Feisty Uruguay wins respect from neighbours and investors
MercoPress
The following feature piece from Reuters written by Hillary Burke and Malena Castaldi gives an idea of Uruguay's international standing. Uruguay, a plucky little country led by a former guerrilla leader whose most valuable possession is an old ...
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MercoPress
Financial markets are overreacting, says EU president Van Rompuy
Telegraph.co.uk
"Markets aren't always right," he said Photo: REUTERS By Sarah Rainey He said jittery traders had behaved in a “fundamentally disproportionate” manner during the past fortnight, seeking out safe haven currencies and causing global markets to ...
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Obama Appeals to Congress to Put Country First
Voice of America
Some information for this report was provided by AP, AFP and Reuters. Related Articles GlobalStocks Fall on US Recession, European Debt Worries Fears of US recession, Europe's debt crisis, lack of political leadership fan flames as world markets tank ...
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Stocks Tumble the Most since 2009 on Recession Fears (AAPL, BAC, BIDU, CVX ...
TradersHuddle.com
Weston, August 20 th (Tradershuddle.com) – Stocks posted their worst four-week loss since 2009 amid escalating fears that the world major economies will slip into a recession after Morgan Stanley cut its global growth outlook and as participants ...
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Vice President Biden tells China not to count out US strength
Reuters
By Jeff Mason Chengdu CHINA Aug 21 (Reuters) - US Vice President Joe Biden on Sunday rejected claims that American power is on the wane and told a Chinese audience that his government would never default, near the end of a trip that has stressed ...
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PIMCO: Treasury mkt reflects likelihood of recession
Reuters India
Full Article Harried investors across the world as markets flicker. Slideshow US dollar bank notes are seen in a bank in Budapest August 8, 2011l. By Jennifer Ablan and Daniel Burns NEW YORK (Reuters) - Bill Gross, manager of the world's largest bond ...
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Wall Street sinks for fourth straight week
Pakistan Daily Times
It was the latest discouraging event in a month full of bad surprises ranging from the US credit rating downgrade to a sharp slowdown in world growth. The S&P has lost 13.1 percent so far this month — on track for its worst month since October 2008. ...
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Meat-eating to push India to double corn yields in 10 yrs
Commodities Now Online
India's share of world corn trade of around 90 million tonnes is small, but the nation is a significant supplier to buyers such as Malaysia, Vietnam and Indonesia that seek small parcels for prompt shipment. A recent ASSOCHAM report said boosting corn ...
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PM says hard decisions needed for 9 pct growth
Reuters India
By Rajesh Kumar Singh NEW DELHI (Reuters) - India needs to take "difficult" decisions to achieve 9 percent economic growth, but a lack of national consensus is making it tough to push through economic reforms, Prime Minister Manmohan Singh said on ...
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Syrian forces fire heavy machineguns in Homs
Vancouver Sun
AMMAN, Aug 20 (Reuters) - Syrian forces fired heavy machineguns at a residential district in the central city of Homs on Saturday after protests against President Bashar al-Assad, who faces growing world isolation for his repression of five months of ...
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World No. 1 platinum miner raises pay offer as union threatens strike
Mineweb
South Africa's National Union of Mineworkers said Anglo American Platinum (Amplats), the world'slargest platinum producer, again raised its wage offer on Friday, trying to head off a strike that could cause a jump in global prices of the precious ...
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New shock wave batters world stocks, oil, boosts gold
Sunday's Zaman
A selloff in global markets continued to victimize stocks on Friday while also pushing gold to a new record, nearing $1875 an ounce and pulling crude prices below $80 a barrel. Nervous investors fled to the safety of core government bonds, Swiss francs ...
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Fintech Global <8789.T>-9-mth group results | News by Country ...
Aug 9 (Reuters) - FINTECH GLOBAL INCORPORATED CONSOLIDATED FINANCIAL ... 2010 Sep 30, 2011 LATEST YEAR-AGO LATEST RESULTS RESULTS FORECAST Sales 5.72 2.88 ...AlertNet provides news, images and insight from the world's disasters and ...
af.reuters.com/article/.../idAFT928IVMWH20110809
Market rout deepens global economic crisis | Top News | Reuters
BEIJING/SINGAPORE (Reuters) - The global economy stumbled deeper into crisis as ... in therecent rout as buyers rushing for perceived safety in the Japanese yen, ... Thomson Reuters is theworld's largest international multimedia news ...
ca.reuters.com/article/topNews/idCAL6E7J707B20110809

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