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Aug 23, 2011

REUTERS News, Aug 23, 2011


GLOBAL MARKETS-World stocks gains, Brent slips on Libya hopes
Reuters
NEW YORK, Aug 22 (Reuters) - Stocks rose above recent 11-month lows and Brent crude oil fell on Monday as Libya's civil war appeared to be nearing an end. Gold prices rose, but were off record highs near $1900 an ounce earlier in the day, ...
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Nestlé addresses water urbanisation at World Water Week
Reuters (press release)
Processed and transmitted by Thomson Reuters ONE. The issuer is solely responsible for the content of this announcement. NestlĂ© demonstrates its leadership and commitment to tacklingglobal water issues at World Water Week 2011 in Stockholm, Sweden. ...
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A 'no-growth' boom will follow 2012 global crash
MarketWatch
(Photo: Reuters.) But wait, you ask: If the consequences are worse than an asteroid slamming into Earth, why don't we just plan ahead? Avoid the Black Swan? Why wait for some “creative destruction” to wipe out capitalism, reduce the global population ...
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Sri Lanka shares at 1-week low on retail selling
Reuters
... Aug 22 (Reuters) - Sri Lanka's stock market fell to a one-week low on Monday as retail selling pressure continued as investors unwound positions in risky assets amid global fears over another recession. On Monday, world stocks held above a recent ...
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EMERGING MARKETS-Latam stocks wobble as Brazil rebound wilts
Reuters
By Michael O'Boyle MEXICO CITY, Aug 22 (Reuters) - Latin American stocks wobbled on Monday as bargain hunters scoured the market after August's rout, but concerns about slackening globalgrowth are seen keeping equities vulnerable to further losses ...
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Gold climbs to record above $1910 on growth fears
Reuters
By Rujun Shen SINGAPORE (Reuters) - Spot gold soared to an all-time high above $1910 on Tuesday, scoring a record top for a fourth consecutive session, as persistent worries about globaleconomic growth burnished bullion's safe-haven appeal. ...
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GLOBAL MARKETS-Asian shares edge up but growth fears propel gold
Reuters Africa
Before that, HSBC will release its flash PMI survey for China, which should help investors gauge the strength of Chinese manufacturing, the motor of global growth in recent years. World stocks have been tumbling since the beginning of August -- and ...
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Indian shares reverse losses, rise 1.2 pct on bargain-hunting
Reuters
There is a lot of uncertainty in the global markets and so, if for the next 15-45 days there is no bad news globally, then we can hope it will sustain." World stocks held above a recent 11-month low on Monday while European shares bounced back up as ...
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Suntech sees margins, shipments improving sequentially
Reuters
China's Suntech Chief Executive Zhengrong Shi delivers a keynote speech during theGlobal Green Growth Summit 2011 at a hotel in Seoul June 20, 2011. By Vaishnavi Bala BANGALORE (Reuters) - China's Suntech Power Holdings Co Ltd joined some peers in ...
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Reuters
Oil, gold stocks help Europe shares bounce off lows
Reuters
By David Brett LONDON, Aug 22 (Reuters) - Investors tucked into beaten down oil stocks, helping lift Europe's leading shares on Monday after a sharp retreat the previous week, while gold issues drew interest amid lingering worries about global growth. ...
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US STOCKS-Wall St rallies after four weeks of losses
Reuters
EU] and [MKTS/GLOB] "Recent data has been inconclusive about whether we're going into recession, so the market bounces back and forth daily based on mood swings," said Andrew Slimmon, managing director of global investment solutions at Morgan Stanley ...
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Gold futures hit record high of 28265/10 gms
Reuters India
Gold futures continued their gaining streak on Tuesday morning and hit a fresh peak of 28265 rupees, buoyed by a rally in the world market. MUMBAI (Reuters) - India's benchmark gold futures continued their gaining streak on Tuesday morning and hit a ...
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UBS, Nomura see DP World posting higher H1 profit
Reuters
(Reuters) - Analysts at UBS and Nomura expect port operator DP World's DPW.DI (DPWD.L) first-half profit to be higher due to a rise in container volumes and better margins. The company, which is the world's third-largest ports operator, ...
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Corrected: Life after Wall Street: Ex-bankers answer
Reuters
But there are many others who are pursuing completely different jobs in recent years as the fallout from the global financial crisis continues. With the job market looking bleaker, some workers have given up on sending resumes, making calls that don't ...
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Reuters
Sarkozy to make stopover in China
China Daily
Sarkozy is adding the stopover in China to a trip to the French South Pacific territory of New Caledonia following talks with several world leaders on sinking world markets, Reuters reported. The French president will meet Hu at 5 pm on Thursday for ...
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GRAINS-US grains complex nudges up on crop concerns
Reuters Africa
By Bruce Hextall SYDNEY, Aug 23 (Reuters) - US wheat, corn and soybeans futures posted moderate gains in early Asian trading on Tuesday on concerns of shrinking supplies as adverse weather in the United States is seen likely to reduce crop yields. ...
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First Quantum sees gains in copper price
Reuters Africa
By Chris Mfula LUSAKA (Reuters) - The price of copper is likely to remain high over the next 12 months even as commodity prices fall on worries of a global economic slowdown, First Quantum Minerals president Clive Newall said on Monday. ...
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Athletics-Medal hopes slim but hosts South Korea excited
Reuters Africa
By Peter Rutherford SINGAPORE Aug 22 (Reuters) - The South Korean city of Daegu has vowed to make its mark on the global stage with a stunning athletics World Championships starting on Saturday, though the hosts' medal ambitions are far less grand. ...
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Maybank Q4 profit up 27 percent, sees pressure on margins
Reuters
By Min Hun Fong and Purwa Naveen Raman KUALA LUMPUR (Reuters) - Malaysia's largest lender Malayan Banking (Maybank) (MBBM.KL) posted a 27 percent rise in fourth-quarter profit, helped by robust regional loans growth, but warned of pressure on margins ...
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Iron Ore-China steel futures rise for 2nd day, ore firm
Reuters Africa
Global crude steel output rose 11.5 percent from the previous year to 127.477 million tonnes in July as China's production remained strong, data from the World Steel Association showed on Monday. While total world output was down slightly from 127.746 ...
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RPT-SPDR Gold Trust now biggest exchange-traded fund
Reuters Africa
BOSTON, Aug 22 (Reuters) - Investors pouring into gold helped push the total assets of the SPDR Gold Trust to $76.7 billion, making it the largest exchange-traded fund in the world for the first time. For the first time ever, the gold trust, ...
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From taste to yields, hybrid rice's many hurdles in India
Reuters Africa
Although a crop that is grown round-the-year and which helps meet almost half the calorie needs of 70 percent of Indians, rice yields in the world's second-biggest producer remain low at 2.17 tonnes a hectare, less than half the global average. ...
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High Tide: From News Corp.'s FCPA Worries To Hazare's Protest
Wall Street Journal (blog)
The bribery may expose the company, which publishes this blog, to a US Justice Department investigation under the Foreign Corrupt Practices Act. (Reuters) Average Indians talk about the bribes they have to pay every day for routine things. ...
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FOREX-Dollar up vs yen, investors brace for Japan intervention
Reuters
By Naomi Tajitsu LONDON, Aug 22 (Reuters) - The dollar rose slightly against the yen on Monday, buoyed above an all-time low as investors covered short positions in the US currency on speculation Japanese authorities may soon intervene to weaken the ...
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Shanghai Gold Exchange lifts margins for gold forwards
Reuters Africa
SHANGHAI, Aug 23 (Reuters) - The Shanghai Gold Exchange (SGE) said on Tuesday that it will raise trading margins on three gold spot-deferred contracts to 12 percent from 11 percent from Aug. 26 to limit trading risks following recent wild price swings. ...
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Buy-backs reflect a modicum of confidence
Financial Times
By Telis Demos and Robin Wigglesworth Signs of a faltering global economic recovery have rattled markets, sending the FTSE All World index down 19 per cent from its May peaks. But one ray of light could be corporate buy-backs, which are still picking ...
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Analysis: Stocks' volatility keeps forecasters busy
WTAQ
By Lucia Mutikani WASHINGTON (Reuters) - Nobel Laureate Paul Samuelson is famous for saying the stock market predicted nine of the last five recessions. This joke by the first American to win the Nobel Memorial Prize in Economic Sciences is not lost on ...
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Business borrowing slammed in July, up in year
Chicago Tribune
NEW YORK (Reuters) - A measure of business activity sank in July from June, though it rose slightly from a year ago, as economic and regulatory uncertainties kept many corporations from new spending, a lender group said on Monday. ...
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EU wheat at 2-month top with CBOT on US crop fears
Reuters Africa
PARIS, Aug 22 (Reuters) - European wheat futures hit a two-month high in step with Chicago wheat as concerns about US crops continued to support global prices. * European futures also drew technical impetus after closing on Friday above the 200-euro ...
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TABLE-Foreign buying of S.Africa bonds at 1-yr high
Reuters Africa
By Xola Potelwa JOHANNESBURG, Aug 22 (Reuters) - Foreigners bought a net 7.1 billion rand ($990 million) worth of South African bonds last week, the biggest weekly buy in over a year, data from exchange operator JSE showed on Monday. ...
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Analyst dings News Corp. stock
Politico (blog)
Since that low, the company's stock steadily climbed to more than $18 per share before recenttumbles, experienced both as the UK phone hackings became a major news story and as globalfinancial markets slumped. Martin told Reuters she prefers Viacom ...
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Record price to pinch India's festive gold demand
IBNLive.com
India, whose appetite for gold dates back centuries, imported a record 958 tonnes in 2010 and arecent Reuters poll forecast imports to fall by 12 percent in 2011. The Bombay Bullion Association's forecast in the poll was 950-1000 tonnes. ...
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PRESS DIGEST - Wall Street Journal - Aug 22
Reuters
Aug 22 (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. * A rebel victory in Libya would likely put added downward pressure on oil prices, ...
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Ben Bernanke To Make Speech on Friday
ThirdAge
Ben Bernanke, who serves as the Federal Reserve Chairman, is one of the most influential figures in the United States, and even more so over the past few years given national and global concern over financial markets. According to Reuters, Bernanke...
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ThirdAge
Jackson tribute concert 'doomed to fail'
TVNZ
"There has been one catastrophic mistake after another. We don't feel like it's the tribute he (Jackson) deserves," MJJ Community founder Gary Taylor told Reuters. Global Live Events did not return calls for comment. Attorneys for Jackson's estate also ...
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GLOBAL MARKETS-World stocks steady near 11-mth lows By Reuters
GLOBAL MARKETS-World stocks steady near 11-mth lows. ... LONDON, Aug 22 (Reuters ) -World stocks fell towards a recent 11-month low on ... news agency -- providing professionals around the world with stories that move the markets. ...
www.forexpros.com/.../global-markets-world-stocks-steady-ne...
GLOBAL MARKETS-Brent falls, stocks rise, gold at ... - Latest News
GLOBAL MARKETS-Brent falls, stocks rise, gold at record - Reuters ... Don't count U.S., Japan out, Biden tells the world - Reuters - Google - World News ...
www.nownewnews.com/.../GLOBAL+MARKETS-Brent+falls,...
World News on The Net: Reuters: Global Markets
World News on The Net. Alternative News and Buzz Around The World ... $100000 for a course of treatment, becoming the latest cancer medicine to come at a high cost. ... You are subscribed to email updates from Reuters: Global Markets ...
world2buzz.blogspot.com/.../reuters-global-markets_22.html

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