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Aug 25, 2011

REUTERS News, Aug 25, 2011


GLOBAL MARKETS-Gold, bonds sell off; stocks, dollar gain
Reuters
Government bonds, which like gold rallied dramatically in recent weeks, fell sharply as investors withdrew from a broad range of safe-haven assets. World stocks posted solid gains for a second day. Investors focused on raising cash because of the ...
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Asian shares cheered by Wall St; Apple pressured
Reuters
By Ian Chua SYDNEY (Reuters) - Asian shares rose on Thursday, cheered by gains on Wall Street, but Apple skidded on the shock resignation of Silicon Valley legend Steve Jobs and gold continued to struggle after running into a wall of profit-taking. ...
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Indian shares shed over 1 pct on global cues; autos, tech lead losses
Reuters
By Kaustubh Kulkarni MUMBAI, Aug 24 (Reuters) - Indian shares fell 1.29 percent on Wednesday, snapping a two-session rising trend, mirroring weak Asian and European peers as cooling hopes over the prospect of further economic stimulus in the United ...
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NZ Q2 retail sales rise, but rates on hold
Reuters
Before the recent global market turmoil, expectations for a 50 bps hike were as high as 70 percent. The data offered new evidence that the domestic economy is resilient despite a fragile globaloutlook, with attempts to rein in rising government debt ...
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Colombia Ecopetrol misses share sale goal
Reuters
BOGOTA, Aug 24 (Reuters) - Colombia's largest oil producer, Ecopetrol ECO.CN(EC.N), sold slightly less shares than planned due to a fall in global oil prices and world financial market turmoil, the state-run oil company said on Wednesday. ...
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Newsmaker: Steve Jobs has a different operating system
Reuters
And despite years of signs of poor health, his resignation as chief executive of Apple Inc caused a global gasp as the world contemplated the future of an icon and the company he symbolizes. "Steve Jobs is the most successful CEO in the US of the last...
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Reuters
Analysis: China's telecom patent boom heralds innovation era
Reuters
Patent filings are soaring across most sectors in China -- last year there were 313854 patents registered in the country according to the Thomson Reuters Derwent WorldPatents Index, a 12 percent rise from 2009. China was the third highest filer of ...
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Reuters
Guess outlook disappoints; shares slide
Reuters
... but said a recent slowdown in the global economy made it more cautious moving forward. "Recently ... we've seen increased volatility and uncertainty in financial markets around the worldand the global economy," said Chief Executive Paul Marciano. ...
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EVS reports revenue and results for 2Q11 and 1H11
Reuters (press release)
For more information, refer to www.evs-global.com or www.evs.tv EVS Broadcast is the worldleader for Live TV Production Digital Disk Recorders and Related Software Applications, especially in the field of sports. The company's dedicated hardware and ...
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Reuters Forest Forum-WRAPUP 1-Weak Europe paper demand the "new normal"
Reuters
By Jussi Rosendahl HELSINKI, Aug 24 (Reuters) - Prospects of another economic slowdown may force global forest products companies to cut capacity in Europe while they pursue growth in emerging markets and packaging, executives say. ...
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Nikkei climbs over 2 pct but still on shaky ground
Reuters
By Hideyuki Sano TOKYO, Aug 25 (Reuters) - The Nikkei average rose more than 2 percent on Thursday, helped by the yen's retreat from a record high, but worries over the world economy and the western financial system mean that the benchmark could easily ...
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RPT-METALS-Copper ends up a shade on supportive durables data
Reuters
[ID:nN1E77M21Z] Reflecting the metal's tighter fundamentals, the latest monthly bulletin from the International Copper Study Group (ICSG) showed the global refined copper market was in a deficit of 146000 tonnes in January to May, compared with a ...
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Romney says would not put limits on emissions
Reuters
Asked about global warming at a town hall meeting in Lebanon, New Hampshire, Romney said he believed the world is getting hotter and humans contribute in some way to the change -- but could not judge to what extent. "Do I think the world's getting...
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Reuters
Mining, energy operations OK after Peru quake
Reuters
* Peru is world's No. 2 copper producer, No. 6 in gold (Recasts, updates with quotes, details throughout) By Patricia Velez and Teresa Cespedes LIMA, Aug 24 (Reuters) - Mining and energy operations in Peru, which exports metals and natural gas, ...
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WPP first half sales in line with outlook
Reuters
Shares in the group were up 3.5 percent, against a flat FTSE 100 Index, after they fell heavily in the run up to results over growing fears about the health of the globaleconomy. "People are investing in their brand," Sorrell told Reuters. ...
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Reuters
Cautious fund managers slowly embracing risky assets
Reuters
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - As the fear that has seized financial markets this month subsides, fund managers are returning to the commodity-focused currencies they favored before the panic. Norway, an oil producer with robust ...
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Applied Materials Q3 beats, sees muted Q4
Reuters
By Saqib Iqbal Ahmed and Himank Sharma BANGALORE (Reuters) - Applied Materials warned that fourth-quarter revenue could fall as much as 30 percent, hurt by plummeting microchip and solar-cell demand, joining a growing list of US companies hammered by a ...
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Chile seen holding rate in Sept, cutting by March
Reuters
By Alexandra Ulmer SANTIAGO, Aug 24 (Reuters) - Chile's central bank is seen holding its benchmark interest rate steady at 5.25 percent in September for a third month running but then is expected to cut it to 5 percent by March, the bank's fortnightly ...
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Reuters World News Highlights at 2200 GMT, Aug 24
Reuters AlertNet
TOKYO - Former foreign minister Seiji Maehara, a leading candidate to be Japan's latest premier, on Wednesday called on powerbroker Ichiro Ozawa, the latest sign that the scandal-tainted party heavyweight could hold the key to the leadership race.
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CORRECTED-Novelis expects rolled aluminum demand to grow
Reuters
In a recent interview, Chief Executive Officer Phil Martens told Reuters he expects the uptrend to continue. Throughout its Asian operations, the CEO said, demand continues to be very strong and South America has held steady at very high levels, ...
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EMERGING MARKETS-Latam stocks flat as market awaits Fed speech
Reuters
By Rachel Uranga MEXICO CITY, Aug 24 (Reuters) - Latin American stocks ended flat on Wednesday as investors awaited a speech by the US Federal Reserve chairman on Friday to see if he will signal more financial stimulus for the struggling US economy. ...
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Insight: Luxury retail not part of India's success story
Reuters
By Jui Chakravorty MUMBAI (Reuters) - When Nita Ambani went shopping for 25000 pieces of high-end Japanese crockery, she did not go to the Noritake store in her posh neighborhood of southern Mumbai. Instead, the wife of the richest man in India called ...
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Indonesia-Market Factors to watch - Aug 25
Reuters
(Investor Daily p.14) * Asian stocks are set for a cautious open despite gains on global markets on Thursday amid speculation the US Federal Reserve will not deliver hoped-for signals of further measures to stimulate the world's biggest economy. ...
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Glenn Beck rallies for Israel near Jerusalem holy sites
Reuters
By Jeffrey Heller JERUSALEM (Reuters) - On the fringes of Jerusalem's most volatile holy sites, conservative broadcaster Glenn Beck declared his support for Israel Wednesday at a rally showcasing fundamentalist Christian backing for the Jewish state. ...
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Reuters
LBi introduces learning initiative for clients and staff
Reuters (press release)
24 th August 2011 - LBi, the global marketing and technology agency, has announced today it will embark on a learning initiative in collaboration with a selection of its big-brand clients and their roster agencies to develop the group's ideas around ...
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Philippines - Market factors to watch - Aug 25
Reuters Africa
MANILA, Aug 25 (Reuters) - Here are news stories and press reports which may influence local financial markets on Thursday: WHAT IS HAPPENING TODAY IN THE PHILIPPINES - National Statistics Office to release June imports and trade balance data, ...
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