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Aug 26, 2011

REUTERS News, Aug 26, 2011


GLOBAL MARKETS-Stocks drop 1.5 pct, dollar gains before Bernanke
Reuters
By Caroline Valetkevitch NEW YORK, Aug 25 (Reuters) - World stocks dropped and the US dollar rose against the yen on Thursday as investors lowered their expectations that the Federal Reserve would signal a dramatic rescue for the economy this week. ...
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UBS, Citi cut global growth view, rule out recession
Reuters
BANGALORE (Reuters) - UBS and Citigroup lowered their forecast for global growth, with sharp reductions to its euro zone view and more modest cuts for China, but ruled out the likelihood of a recession for now. The cuts are the latest in a series of ...
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Analysis: The weight of the world is on Bernanke's shoulders
Reuters
By Stella Dawson, US Economics Editor WASHINGTON (Reuters) - When the Federal Reserve chairman steps up to speak in the mountains of Wyoming on Friday, he faces giant expectations to deliver a plan to steer the developed world away from another ...
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Reuters
S&P says market sentiment weakened before US downgrade
Reuters
SINGAPORE, Aug 26 (Reuters) - Global stock market sentiment had weakened before Standard & Poor's cut the US credit rating to AA+ from AAA, the rating agency's global head of sovereign ratings David Beers said on Friday. S&P downgraded the United ...
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ANALYSIS-LG Elec on mute as mobile phone losses mount
Reuters
By Miyoung Kim and Anshuman Daga SEOUL/SINGAPORE, Aug 26 (Reuters) - South Korea's LG Electronics (066570.KS) hasn't been so smart with its smartphone business. Its mobile phone division has suffered five consecutive quarterly losses, ...
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Thai stocks set to follow global fall
Reuters Africa
BANGKOK, Aug 26 (Reuters) - Thai stocks may fall on Friday amid weakeness in global markets, cautious ahead of a speech by US Federal Reserve Chairman Ben Bernanke later in the day that may bring news on possible new economic stimulus measures. ...
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CORRECTED-UPDATE 1-Germany's SMA Solar eyes 1.4GW of business from India
Reuters
MUMBAI Aug 25 (Reuters) - Germany's SMA Solar , the world's largest maker of solar inverters, expects that in 2014 its Indian unit will win about 40 percent of a market it forecasts will reach 3500 megawatts, an official of the domestic unit said on ...
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The Reuters global sports blog
Reuters Blogs (blog)
Poised to return as part of the ITV commentary team, he reflects here on his summer trip when he took a helicopter tour over Auckland, got up close to wildlife on the Otago Peninsula and soaked up the sights, sounds and great coffee of the world's ...
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S.Korea-Market Factors to watch Aug 26
Reuters
*World stocks dropped and the US dollar rose against the yen on Thursday as investors lowered their expectations that the Federal Reserve would signal a dramatic rescue for the economy this week. TOP NEWS REUTERS KOREA >Jobs move cracks door open for ...
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Romney and Global Warming
National Review Online
For the Massachusetts governor, the latest hullabaloo is over remarks he made Wednesday. “Do I think the world's getting hotter? Yeah, I don't know that, but I think that it is. I don't know if it's mostly caused by humans,” Romney told the audience at ...
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TREASURIES-Bonds rise jobs, Europe worries; 7-year sale solid
Reuters
The US government said initial claims for state unemployment benefits rose to a seasonally adjusted 417000 in the latest week. Economists polled by Reuters had forecast claims rising to 405000 last week. For details see [ID:nN1E77O0C9]. ...
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RPT-Indian shares pare early gains in choppy trade
Reuters
Earlier in the day, Asian shares rose, mirroring overnight gains on Wall Street, but worries over theworld economy and the Western financial system continued to damp investor confidence. "The impact of global factors is high right now. ...
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HK shares seen flat to lower despite strong bank results
Reuters
HONG KONG Aug 26 (Reuters) - Hong Kong shares were set to open flat to lower on Friday with caution over weak global markets likely to offset gains in financials after the 'Big Four' Chinese banks reported record first-half results. ...
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EMERGING MARKETS-LatAm currencies mixed before Bernanke speech
Reuters
By Jeb Blount and Michael O'Boyle RIO DE JANEIRO/MEXICO CITY Aug 25 (Reuters) - Latin American currencies traded mixed in seesaw movements against the US dollar on Thursday, the day before a planned address by the head of the US central bank. ...
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PRESS DIGEST - Thai newspapers - Aug 26
Reuters
PTT Pcl plans to raise its oil price hedging to 50 percent of its total production from 20 percent now in order to minimise the impact of global oil price volatility. - BEC Tero, a subsidiary of BEC World Pcl , has formed a joint venture with IMG Asia ...
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RPT-NEWSMAKER-Steve Jobs has a different operating system
Reuters
O) 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 25 years," said Google Inc (GOOG.O) Chairman Eric Schmidt, who used to sit on Apple's ...
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UPDATE 1-Diageo beats forecasts despite fragile economies
Reuters
By David Jones LONDON, Aug 25 (Reuters) - Diageo Plc , the world's biggest spirits group, beat forecasts with a 16 percent rise in annual earnings and despite a fragile global economy set targets for 10-percent plus earnings growth going forward. ...
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Mexican Automotive Manufacturing Market Attracting Global Investments
Sacramento Bee
... as reported by a Reuters article, which also says that a decision would be made before 2015. Theworld's largest automaker Toyota Motor Corporation is looking for a site for a new engine factory in Mexico, according to a recent Bloomberg story. ...
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World Cup heavyweights in Tri-Nations title fight
Reuters Africa
By Ian Ransom MELBOURNE (Reuters) - Australia and New Zealand head into Saturday's Tri-Nations decider insisting their focus is on the silverware but both sides will be keenly aware that far more than southern hemisphere bragging rights are on the line ...
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US grains tread water ahead of crop report, Fed speech
Reuters
SYDNEY (Reuters) - US grain and soybean futures edged lower in early Asian trading on Friday as traders took to the sidelines waiting for a key report on the state of US crops following a crop tour and a key Federal Reserve speech on the US economy. ...
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Reuters
MIDEAST STOCKS-Volumes peak in Oman, global sentiment helps lift Gulf mkts
Reuters Africa
Muscat's benchmark rose 1.2 percent, up for a second day, with trading volumes the highest since April 14. The market took support from gains in global markets. World stocks, measured by the MSCI world equity index rose 0.3 percent. ...
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Athletics-Start concerns Robles as hurdles showdown looms
Reuters Africa
By Gene Cherry DAEGU, South Korea Aug 26 (Reuters) - World record holder Dayron Robles's start has him concerned as he prepares for a clash with the second and third fastest 110 metres hurdlers of all-time at the world athletics championships next week ...
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China COSCO posts H1 loss on falling freight rates
Reuters
By Farah Master and Alison Leung HONG KONG Aug 25 (Reuters) - China COSCO Holdings , flagship of the country's premier shipping firm, posted a higher-than-expected net loss of 2.76 billion yuan ($430 million) for the first six months of the year due to ...
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UPDATE 1-Indonesian Timah's refined H1 tin output down 5 pct
Reuters
JAKARTA, Aug 25 (Reuters) - Refined tin production at Indonesia's Timah , the world's largest integrated tin miner, fell 5 percent in the first half of this year compared with a year ago, the state-owned company said on Thursday. ...
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Analysis: Japan's politics offer sober economic policy lessons
Reuters
By Alan Wheatley, Global Economics Correspondent LONDON (Reuters) - US and euro zone governments drowning in debt should look no further than Japan to learn what happens when political deadlock stifles decisive policy-making. As Japan prepares to usher ...
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Reuters
Gaddafi's desperate bid to save regime
The Guardian
Reuters meanwhile reported finding 30 bodies of pro-Gaddafi fighters with multiple bullet wounds, at least two of which had been bound with plastic handcuffs, suggesting they too had been executed. Gaddafi's furtive global lobbying took place as the ...
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