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Aug 27, 2011

REUTERS News, Aug 27, 2011


GLOBAL MARKETS-Stocks, oil fall as Bernanke speech on tap
Reuters
By Caroline Valetkevitch NEW YORK, Aug 26 (Reuters) - World stocks and oil declined on Friday as investors played down chances that Fed chief Ben Bernanke would signal further US economic stimulus in a much-anticipated speech. ...
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Analysis: In global relapse, EM consumer may disappoint
Reuters
"There is still a strong secular case for the EM consumer but in the world we live in, everyone is thinking of what will happen next week, not next decade," said Mark Donovan, CEO of Robeco Investment Management. "If we get into a phase whenglobal ...
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Reuters
Associate Director - Advisory Services, Thomson Reuters Point Carbon
Ecosystem Marketplace
Point Carbon, a Thomson Reuters company, is a world-leading provider of independent news, analysis and consulting services for European and global power, gas and carbon markets. Point Carbon's comprehensive services provide professionals with ...
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Google TV to launch in Europe next year
Reuters
By Georgina Prodhan EDINBURGH, Scotland, Aug 26 (Reuters) - Google Inc (GOOG.O) will launch its TV service in Europe early next year, Executive Chairman Eric Schmidt said on Friday, despite teething problems that had led some observers to question how ...
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Frontline plunges to loss amid tanker glut
Reuters
By Walter Gibbs and Joachim Dagenborg OSLO, Aug 26 (Reuters) - Frontline Ltd , the world'slargest independent oil shipper, swung to a second-quarter loss and saw its stock fall to a nine-year low on Friday amid a global tanker glut it said could last ...
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Obama, IMF chief agree on need to boost growth
Reuters
VINEYARD HAVEN, Massachusetts (Reuters) - President Barack Obama and International Monetary Fund chief Christine Lagarde both feel the world economy needs further steps to boost growth in the short term, the White House said on Friday. ...
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Appirio to Accelerate Global Expansion Through New Strategic Investment
MarketWatch (press release)
Appirio, which works with enterprises to adopt, connect and extend cloud platforms like Salesforce.com, Google and Workday, already serves a number of global customers, including Thomson Reuters, the world's leading source of intelligent information ...
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Brazil needs to fine-tune tax on derivatives-Fraga
Reuters
Fraga, a former Brazilian central bank president and a long-time fund manager for billionaire financier George Soros, said Brazil's economy has the ability to stand out even if the global economy continues to slow. The world, Fraga said, ...
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Freeport Indonesia copper miners plan strike soon
Reuters
By Olivia Rondonuwu JAKARTA, Aug 26 (Reuters) - Workers at Freeport-McMoRan Copper & Gold's (FCX.N) Grasberg mine in Indonesia plan to stage a strike in coming days after talks with the company failed to resolve a pay dispute, a move that could tighten ...
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EMERGING MARKETS-Latam stocks rise as Fed seen mulling stimulus
Reuters
By Michael O'Boyle MEXICO CITY, Aug 26 (Reuters) - Latin American stocks rose on Friday after the head of the US Federal Reserve raised some hope that US policymakers could offer more stimulus after a policy meeting next month. ...
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UPDATE 1-China COSCO says some ship lease disputes resolved
Reuters
China COSCO operates the world's largest bulk cargo fleet and is the global No.6 container shipping company. It had 234 self-owned dry bulk vessels and 201 chartered-in dry bulk ships with a combined capacity of 3.79 million dead weight tonnes at the ...
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Mexican Automotive Manufacturing Market Attracting Global Investments
AftermarketNews.com (AMN)
By aftermarketNews staff MEXICO CITY -- With manufacturing rates in Mexico rapidly increasing since last year, Mexico is fast becoming a world leader in the manufacturing business, according to a recent report from Dow Jones Newswires. ...
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Insight: Next big drug against cholesterol takes shape
Reuters UK
Should PCSK9 inhibitors stumble, it would be a keen disappointment for some of the world's biggest drugmakers. Amgen, the largest global biotech company, is wrapping up early-stage trials of its PCSK9 inhibitor and will soon advance it into Phase II ...
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W.Canada to grow more wheat, barley-Wheat Board
Reuters Africa
All-wheat production in Western Canada will rise to 21.3 million tonnes from 21.0 million tonnes a year ago, the board said, adding to one of the biggest global wheat crops on record. (Graphic on all-wheat, durum, barley crops: r.reuters.com/hev43s) ...
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Hong Kong, China shares post weekly gains; Bernanke speech awaited
Reuters
By Clement Tan HONG KONG, Aug 26 (Reuters) - Hong Kong shares snapped a four-week losing streak as earnings-driven gains provided some respite with markets struggling to recover from steep losses earlier this month that has knocked 12 percent off the ...
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TSX may open lower ahead of Bernanke's speech
Reuters
CRB, a global commodities benchmark, fell 0.07 percent in early trade. * Oil prices inched down as investors looked ahead to a speech by the US Federal Reserve chairman on the health of the world'slargest economy and top oil consumer. ...
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Analysis - Tight coffee supply emboldens Brazil producers
Reuters Africa
By Peter Murphy BRASILIA (Reuters) - Coffee producers in Brazil, the world's top grower, will have the upper hand in trading their stocks in the long inter-harvest from October to May with a smaller 'off year' crop to sell and growing demand. Global ...
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Moguls worth RM354b in town for Forbes meet
The Malaysian Insider
By Lee Wei Lian Forbes speaks during the opening gala of the Forbes Global CEO Conference in Singapore September 8, 2008. — Reuters pic KUALA LUMPUR, Aug 26 — Over 400 high net-worth individuals worth US$118 billion (RM354 billion) are expected to ...
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The Malaysian Insider
Iran says Palestinian statehood only "first step"
Reuters India
TEHRAN (Reuters) - The creation of a universally-recognised Palestinian state would be just a first step towards wiping out Israel, Iranian President Mahmoud Ahmadinejad said on Friday. He spoke weeks ahead of a UN General Assembly in New York where ...
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SE Asia Stocks-Most fall amid outflows ahead of holidays
Reuters Africa
* Light volume ahead of long holidays next week * Region cautious of global economy spillover * Thai big cap dividends lure some buyers By Viparat Jantraprap BANGKOK, Aug 26 (Reuters) - Most Southeast Asian stock markets fell in light volume on Friday ...
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Danish PM calls Sept 15 election, trails in polls
Arab News
By REUTERS COPENHAGEN: Danish Prime Minister Lars Lokke Rasmussen called on Friday a parliamentary election for Sept. 15, paving the way for a campaign that will focus on reviving a recession-bound economy. Opinion polls over the past year have shown ...
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China's Shaanxi Coal Industry plans $2.7 billion IPO
Reuters
China is the world's biggest coal-producing country, with output at 3 billion tonnes in 2009, accounting for about 46 percent of total global production that year. Shaanxi Coal is headquartered in Xi'an, in the northern Chinese province of Shaanxi, ...
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Guinea, China in talks over bauxite mine, refinery
Reuters Africa
CONAKRY (Reuters) - Guinea is in advanced talks with state-owned China Power Investment to develop a bauxite mine and build an alumina refinery, deep water port and a power plant in the West African state, Guinean government sources said. ...
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Optimum Coal shares climb as Glencore circles
Reuters Africa
By Ed Stoddard and Clara Ferreira-Marques JOHANNESBURG/LONDON, Aug 26 (Reuters) - Glencore , the world's largest commodities trader, stood on the verge of its largest takeover bid since its May stock market listing on Friday, after South Africa's ...
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METALS-LME copper slips, Bernanke's speech eyed
Reuters Africa
Freeport McMoRan Copper & Gold's Indonesian workers plan to stage another strike at its huge Grasberg mine in coming days after a deadlock in talks with the company's management, a union official told Reuters on Friday. Around 8000 workers in July held ...
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iPhone 5 Rumor Roundup: Hardware, Release Date, Carriers
Gotta Be Mobile
September: The September launch date is the latest intelligence we have and it comes from Reuters who is a known Apple mouthpiece. Their report claims that the iPhone 5 will launch alongside a cheaper iPhone model, which is actually an 8GB iPhone 4, ...
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