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Aug 24, 2011

REUTERS News, Aug 24, 2011

GLOBAL MARKETS-World stocks gain 1 pct on stimulus hopes
Reuters
By Caroline Valetkevitch NEW YORK, Aug 23 (Reuters) - World stocks shot higher and the dollar fell as dismal data spurred hopes the Federal Reserve could offer more economic stimulus. US bond prices edged up as some fresh safe-haven buying took hold of ...
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Indian shares end higher on short covering, value buying
Reuters
By Aniruddha Basu MUMBAI, Aug 23 (Reuters) - Indian shares rebounded to close 1 percent higher on Tuesday, tracking firm global markets, with investor short covering as well as beaten-down stock buying aiding the rise. World stocks, the euro and ...
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Analysis: Copper stands its ground in markets mayhem
Reuters
By Susan Thomas LONDON (Reuters) - Robust Asian demand and a threat to supplies will keep copper price falls relatively modest over the next six months, regardless of the volatility that has whipped global financial markets on rising fears of a...
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Reuters
Indonesia-Market Factors to watch - Aug 24
Reuters
(Investor Daily p.15) * Asian stocks look set for solid gains on Wednesday as global markets were spurred by speculation the US Federal Reserve will take further measures to stimulate the world'sbiggest economy. * Indonesia's main stock index ...
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Crisis-weary rich held nerve in market sell-off
Reuters
By Christopher Vellacott LONDON (Reuters) - Memories of the panic that engulfed theworld after the collapse of Lehman Brothers in 2008 have hardened rich investors who have held their nerve and resisted the impulse to dash for cash during August's ...
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Reuters
Brent crude above $109; hopes pinned on Fed
Reuters
By Seng Li Peng SINGAPORE (Reuters) - Brent crude prices steadied above $109 on Wednesday as investors pinned their hopes on the US Federal Reserve to inject fresh stimulus to boost the world's largest economy. Markets are betting that Fed Chairman Ben ...
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Reuters
Analysis: Brazil boom takes world fuel markets by surprise
Reuters
By Brian Ellsworth and Reese Ewing RIO DE JANEIRO/SAO PAULO (Reuters) - When Brazil discovered huge offshore crude reserves four years ago, state oil company Petrobras (PETR4.SA) sketched out plans to become a regional fuel exporter. ...
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TSX may open higher as China data supports miners
Reuters
US stock index futures rose sharply, tracking global equities that gained after gauges of Chinese and euro zone economic activity came in less gloomy than feared. [.N] * Autos featured among recovering European stocks as Chinese data showed the world's ...
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S.Korea-Market Factors to watch Aug 24
Reuters
Latest KR stock report Latest money report Latest stocks KR press digest [Press] KR main diary [Ordinary] KR IPO diary Global Markets report Oil Markets report New York Stocks Asia stock outlook Emerging markets report (Seoul Newsroom; ...
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SE Asia Stocks-Telecoms buying pushes up S'pore, Philippines
Reuters
The Bank of Thailand reviews interest rates on Wednesday and another rise is expected, although the global slowdown is increasing the odds of a pause later in the year. Economists polled byReuters expected the central bank to raise its benchmark rate ...
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Moody's cuts Japan rating one notch to Aa3 Full Article
Reuters India
TOKYO (Reuters) - Moody's Investors Service on Wednesday cut the rating on Japan's government debt by one notch to Aa3, blaming large budget deficits and the build-up of debt since the 2009global recession. The agency had warned in May that it may ...
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Trina Solar sees weak margins but shipments to rise
Reuters
BANGALORE, Aug 23 (Reuters) - China's Trina Solar Ltd expects margins to remain pressured but became the latest solar panel maker to signal a recovery in shipments in a sector hit by subsidy cuts in two of its biggest markets -- Germany and Italy. ...
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Athletics-Diack re-elected IAAF president
Reuters Africa
By Gene Cherry DAEGU, South Korea Aug 24 (Reuters) - Senegal's Lamine Diack, who has guidedworld athletics through the ups and downs of spectator interest and the global financial crisis, was overwhelmingly re-elected president of the International ...
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Autos help drive gains for European shares
Reuters
By Brian Gorman LONDON, Aug 23 (Reuters) - Autos featured among recovering European stocks on Tuesday as Chinese data showed the world's second-biggest economy is still growing strongly and on investor hopes of a fresh round of US quantitative easing. ...
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New Medtronic CEO seeks R&D change, global growth
Baltimore Sun
CHICAGO/NEW YORK (Reuters) - Medtronic Inc's new chief executive vowed to expand more internationally and improve returns from the company's research spending as he seeks to revive growth at the world's largest medical device maker. ...
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China grants QFII status to BlackRock, Amundi
Reuters
SHANGHAI Aug 24 (Reuters) - BlackRock , the world's largest money manager, and Amundi, the asset management venture between Credit Agricole and Societe Generale , have been given the go-ahead by China's securities regulator to invest in China's capital ...
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EMERGING MARKETS-Latam stocks surge on Fed hopes; upside limited
Reuters
The Fed's last round of stimulus, or so-called quantitative easing (QE), boosted global equity markets and commodity prices. Weak US data in housing and regional factory activity triggered thelatest round of bets that Bernanke will act, ...
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NYMEX-US crude lifted by manufacturing data
Reuters
NEW YORK, Aug 23 (Reuters) - US crude futures rose on Tuesday, pushing above $85 a barrel as equities bounced on data from China and Germany that indicated slowing was not as bad as feared and as the dollar's weakness also helped support oil prices. ...
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Toyota looks to regain momentum with new Camry
Reuters
So you might say this is an opportunity to show the world again what Toyota is all about," Toyoda said. Camry's US sales peaked in 2007, as Toyota extended a lead over GM in global auto sales. That was also the first year of the current generation of ...
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Sri Lanka shares at 1-week low on selling pressure
Reuters
COLOMBO, Aug 23 (Reuters) - Sri Lanka's stock market fell to a more than one-week low on Tuesday on selling pressure as investors sold risky assets amid fear of another global recession. The island nation's main share index fell 0.96 percent or 66.30 ...
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PRECIOUS-Gold rebounds after worst day in 18 months
Reuters
Some gold bulls said it is time to take money off the table after the safe-haven rally extended too far too fast in recent weeks. * Holdings in the world's largest gold-backed exchange-traded fund, the SPDR Gold Trust , dropped nearly 2 percent on the ...
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Cargill sees cocoa supply meeting growing
Reuters Africa
By Sarah McFarlane LONDON (Reuters) - Cargill expects world 2011/12 cocoa supplies will be adequate to meet demand, including the cushion of a sizable global surplus from the previous crop, the US agribusiness giant said on Tuesday. ...
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UBS AG opts to stay in Connecticut, spurns NYC
Reuters UK
By Joan Gralla NEW YORK (Reuters) - UBS AG (UBS.N) (UBSN.VX) will receive a forgivable $20 million (12.1 million pound) loan for deciding to stay in Stamford, Connecticut, for five years instead of moving some investment bankers to the World Trade ...
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Iran shows UN official all nuclear sites: envoy
Reuters
Tehran's refusal to halt enrichment has led to four rounds of UN sanctions on the world's No. 5 oil exporting state, as well as tighter US and European Union restrictions. Since talks between globalpowers and Iran foundered in January, ...
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Tin set to re-test record highs on China demand
Reuters UK
By Harpreet Bhal LONDON (Reuters) - Tin is likely to return to the record high it hit in April later this year, after being the laggard in the London Metal Exchange, as an expected rise in demand from China's manufacturing and electronics sectors ...
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Reuters UK
Investment bankers suffer as UBS sheds 3500 staff
The Guardian
Photograph: Michael Buholzer/Reuters Swiss banking firm UBS has become thelatest bank to cut thousands of jobs around the world, although Britain will escape the brunt of the cuts. Zürich-based UBS, which employs 65000 people worldwide, ...
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The Guardian
FACTBOX-Stateless groups around the world
Reuters Africa
... must extend full citizenship to Dominicans of Haitian descent. (AlertNet is a global humanitarian news service run by Thomson Reuters Foundation. Visit www.trust.org/alertnet) (Reporting by Emma Batha; Editing by Rebekah Curtis and Sonya Hepinstall)
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Bargain-hunters boost banks, help FTSE higher
Reuters
By Tricia Wright LONDON, Aug 23 (Reuters) - Britain's top shares rose on Tuesday as bargain-hunters took advantage of recent falls, particularly in banks, while miners tracked metals prices higher after robust factory output data eased fears that ...
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NZ's Auckland Intl Airport upbeat profit rebounds, expects more
Reuters
WELLINGTON (Reuters) - New Zealand's biggest airport, Auckland International Airport Ltd. AIA.NZ, reported a strong lift in annual profit in line with expectations on Tuesday on higher passenger numbers and retail sales and said it expected further ...
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Reuters
CORRECTED-GRAINS-US corn falls from contract high on profit-taking
Reuters Africa
Changes to from Cc2 in paragraph four) By Bruce Hextall SYDNEY, Aug 24 (Reuters) - US corn futures retreated from contract highs in early Asian trade on Wednesday as investors locked in profits after hefty rises on the back of mounting concerns about ...
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Rebels, diplomats step up plans for rebuilding Libya
Reuters Africa
One option under consideration was for the transitional council to seek temporary bridge financing from the World Bank and other global institutions until political decisions are made to return all of its assets, the officials said. Continued...
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Our disturbing relationship with Gaddafi
Reuters Blogs (blog)
By Mark Ensalaco The Arab Spring is reminding the world that struggles for dignity, freedom, justice and human rights spring from our deepest aspirations as human beings. At the same time the dictatorial violence in Syria and Libya remind us of the ...
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Reuters Blogs (blog)
Insight: Luxury retail not part of India's success story
CNBC.com
Yet India accounts for only half a percent of the global luxury market at $846 million. Greater China, on the other hand, accounts for 10 percent of the global market at $17 billion. Trying to sell expensive chic in India faces several challenges: ...
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1bn cars and counting - the global traffic jam just got worse
The Guardian (blog)
Photograph: Jason Lee/Reuters I am starting this post snared in traffic on Beijing's third ring road, breathing exhaust fumes and taking it on faith that the sun is up there somewhere behind the smog. It is a fitting location to expunge a little ...
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App logs suggest iPhone 5 will be a world phone
Geek.com
Back in May, Verizon's Chief Financial Officer Francis Shammo said at the ReutersTech Summit that when Apple does release the iPhone 5, there will only be one version working on both networks. Today, we're hearing confirmation that this will indeed be ...
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Geek.com
Dubai firms await market rebound before IPO: bourse exec
Reuters
By Dinesh Nair DUBAI (Reuters) - More than 20 companies in Dubai, which has not seen an initial public offering since 2009, would float their shares if market conditions improve, the chairman of Borse Dubai said on Tuesday. "We have over 20 companies ...
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SAfrica Marcus: crisis cant be resolved only by policy
Reuters Africa
JOHANNESBURG Aug 23 (Reuters) - The global economic crisis cannot be resolved by monetary policy alone, Reserve Bank Governor Gill Marcus said on Tuesday. "We are not in a normal cyclical downturn. The crisis cannot be resolved by monetary policy alone ...
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Investors eye promise, pitfalls in post-Gaddafi Libya
Reuters India
Until fighting broke out in February, Libya was the world's 12th largest oil exporter though its output was modest, coming in at about 1.6 million barrels a day or 2 percent of global oil output. The disruption of Libyan supply was thus easily ...
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Post-Gadhafi Libya faces enormous challenges
CBC.ca
Louafi Larbi/Reuters "If we see a lot of widespread looting and people taking their frustrations out on any pro-Gadhafi supporter they can find, and start going on a tear of revenge killings, then the situation is going to break down," Bayless Parsley, ...
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CBC.ca
Heineken NV reports solid operating performance for the first half 2011
CisionWire (press release)
We are delighted with the early consumer response to our new global "Open Your World" campaign, with its success evident from recent awards received at the 2011 Cannes Lions International Creativity Festival. In March, we launched Heineken® in the ...
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UN Nuclear Chief Sees Added Safety Costs As Manageable
Insurance Journal
The huge earthquake and tsunami that crippled the plant in March, causing the world's worst nuclear crisis since the 1986 Chernobyl disaster, prompted a global rethink of atomic power. Germany has decided to close all its reactors by 2022 and Italy ...
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Portugal pledges to stay course on bailout terms
Moneycontrol.com
LISBON (Reuters) - Portugal will stay the course on austerity and will not waiver in its determination to meet the terms of its international bailout programme, secretary of state Carlos Moedas said on Tuesday. Moedas, who coordinates the execution of ...
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What Thaksin Wants; FC Phuket's Big Hope; Tourist Killed in Cave; Phuket People
Phuketwan
Associated Press A mayor is trying to ban Christian churches on streets with Islamic names, thelatest attempt to block construction of a new parish in the world's largest Muslim-majority country. trust.org Burmese authorities stripped the Rohingya of ...
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UN Syria sanctions draft targets Assad, family | Global News Journal
By Louis Charbonneau
Global News Journal. Beyond the World news headlines. » See all analysis and opinion ... The resolution, drafted by Britain, France, Germany, Portugal and the United States and obtained byReuters, says the council “strongly condemns the continued grave and systematic human rights violations by the Syrian authorities” and “demands an immediate end to the violence.” While it would call for freezing Assad's financial assets, as it does for 22 other Syrians, it excludes him ...
Global News Journal
GLOBAL MARKETS-World stocks jump, dollar dips on ... - Latest News
GLOBAL MARKETS-World stocks jump, dollar dips on stimulus talk - Reuters ... Published By: Google - Business News - Yesterday. New In Last 40 minutes; Vote! ...
www.nownewnews.com/.../GLOBAL+MARKETS-World+stoc...
Battle for Tripoli | Page 31 | Liveblog live blogging | Reuters.com
Reuters.com brings you the latest news from around the world, ... the globe on thelatest unrest in Libya that threatens to topple Gaddafi ...
live.reuters.com/Event/Tripoli_Besieged

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