REUTERS News, Aug 31, 2011

China's yuan could challenge dollar role in a decade Reuters By Alan Wheatley, Global Economics Correspondent LONDON (Reuters) - Here's a bold prediction to feed Western worries that power is shifting inexorably to the East: China's yuan could overtake the US dollar as the world's principal reserve currency as... See all stories on this topic » Reuters

Japan industrial output slows, outlook sombre Reuters By Kaori Kaneko TOKYO, Aug 31 (Reuters) - Japanese factory output rose less than forecast in July and companies expect production in coming months to dip in a sign the surging yen and slowingglobal growth are starting to hurt the world's third biggest ... See all stories on this topic »

Indian shares rise 2nd day, but down 8.4 pct in Aug Reuters By Sumeet Chatterjee MUMBAI, Aug 30 (Reuters) - Indian shares rose 1.6 percent to their best close in nearly two weeks on Tuesday, bolstered by a rally in global equities after US consumer spending data eased concerns about the health of the world's ... See all stories on this topic »

Clooney kicks off star-powered Venice film fest Reuters By Mike Collett-White VENICE, Italy (Reuters) - George Clooney kicks off the 2011 Venice film festival on Wednesday with the world premiere of his political drama "The Ides of March," setting the tone for a star-studded 11 days on the Lido waterfront. ... See all stories on this topic » Reuters

Harvard is most discussed university on Web: survey Reuters By Piya Sinha-Roy LOS ANGELES (Reuters) - Harvard regained its top spot on a list of most talked-about US universities on the Internet, beating its rivals just in time for a return to fall studies, according to a survey released on Tuesday. ... See all stories on this topic » Reuters

Steel, other sectors point to slowdown in Brazil Reuters For more, see: [ID:nN1E77T10W] The revision reinforces a recent trend: While Brazil is still posting growth rates far above most of the developed world, optimism has begun to fade in several sectors. Some of the darker outlook is due to global problems ... See all stories on this topic »

Global study finds newborns struggle to survive Reuters Africa By Kate Kelland LONDON, Aug 30 (Reuters) - Fewer newborn babies are dying worldwide, but progress is too slow and Africa is being left behind, said a global study led by the World Health Organisation (WHO). While investment over the last decade in ... See all stories on this topic »

Brazil to end rate rises as slowdown mounts Reuters By Stuart Grudgings RIO DE JANEIRO, Aug 31 (Reuters) - Brazil's central bank will likely call a halt to this year's flurry of interest rate hikes on Wednesday as it responds to growing signs of a slowdown in Latin America's largest economy. ... See all stories on this topic »

U.N. nuclear safety proposals weakened: diplomats Reuters "There has been a weakening," one European diplomat said of the latest draft, dated August 29 and obtained by Reuters on Tuesday. "We are a bit disappointed." Another diplomat from a Western country that also wanted firmer action said: "As thoughts of ... See all stories on this topic » Reuters

McKinsey say banks will struggle to prop up returns Reuters By Huw Jones LONDON Aug 31 (Reuters) - Returns at top banks will shrink two thirds unless they take action to limit fallout from tougher regulation, consultancy McKinsey said on Wednesday. "In some businesses, a portion of the higher regulatory costs ... See all stories on this topic »

METALS-Copper rises on consumer spending, strike Reuters By Susan Thomas LONDON, Aug 30 (Reuters) - Copper rose on Tuesday, helped by data that showed US consumers were willing to spend, especially on cars, suggesting there is some strength in the world's biggest economy. A threatened strike over a pay ... See all stories on this topic »

UPDATE 1-Japan public fund's assets drop sharply in April-June Reuters By Chikafumi Hodo TOKYO, Aug 30 (Reuters) - Japan's public pension fund, the world's largest, managed a small investment return in April-June while its assets fell sharply by $33 billion from the previous quarter, suggesting the fund sold assets to ... See all stories on this topic »

London surge helps keep European shares positive Reuters Others to gain included Lloyds Banking Group , Barclays and global heavyweight HSBC , up between 3.6 and 6 percent. ID:nL5E7JU0CT] US data on Monday, notably in consumer spending, boosted confidence the world's biggest economy was not headed for a ... See all stories on this topic »

Strong franc fuels gloom at small Swiss firms-survey Reuters ZURICH, Aug 30 (Reuters) - A shaky global outlook and the impact of the strong Swiss franc have darkened the mood among Swiss companies, with pessimism outweighing optimism for the first time since the financial crisis peaked, according to a survey. ... See all stories on this topic »

Philippines - Market factors to watch - Aug 31 Reuters Africa MANILA, Aug 31 (Reuters) - Here are news stories and press reports which may influence local financial markets on Wednesday: WHAT IS HAPPENING TODAY IN THE PHILIPPINES - National Statistical Coordination Board holds press conference on second quarter ... See all stories on this topic »

Britain's FTSE pushes European share index higher Reuters INDEX> Reuters survey of world bourse outlook......... Western European IPO diary......................... European Asset Allocation........................ Reuters News at a Glance: Equities................. Main currency report:. ... See all stories on this topic »

TREASURIES-Bonds rally as weak data fuel stimulus hopes Reuters By Richard Leong NEW YORK, Aug 30 (Reuters) - US Treasuries prices jumped on Tuesday as a slump in consumer confidence fueled bets for more stimulus from the Federal Reserve, pushing bond yields closer to record lows set earlier this month. ... See all stories on this topic »

Europe's gas markets face tight start to winter Reuters LONDON (Reuters) - European gas markets could see tight supply at the start of the high-demand winter season as Qatari liquefied natural gas (LNG) maintenance is expected to curb exports, coinciding with a potentially colder-than-usual early winter, ... See all stories on this topic »

Rising biomass demand could drive land grabs-report Reuters Africa LONDON Aug 30 (Reuters) - Rising global demand for cleaner energy from biomass could drive more land acquisition in poorer nations where food security and land rights are weak, an International Institute for Environment and Development report said on ... See all stories on this topic »

South African Markets - Factors to watch on Aug 30 Reuters JOHANNESBURG Aug 30 (Reuters) - The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Tuesday. - South Africa's Optimum Coal said on Monday that a ... See all stories on this topic »

PRESS DIGEST-Australian Business News - Aug 31 Reuters SYDNEY Aug 31 (Reuters) - Compiled for Reuters by Media Monitors. Reuters has not verified these stories and does not vouch for their accuracy. --Shares in BHP Billiton worth A$48.2 million have been granted to the mining giant's senior executive team ... See all stories on this topic »

Pentagon Report Exposes China Menace Human Events 1, the top power,” Reuters reported. The Pentagon's report stops short of that forecast but admits the regime “anticipates becoming a world-class economic and military power by 2050.” China's latestdefense White Paper provides evidence of its global ... See all stories on this topic »

Economy on the mend, but global threats loom, says NZIER New Zealand Herald The NZIER says the economy is still growing and should keep doing so next year, but the threat of aglobal slowdown hitting New Zealand is very real. In its latest quarterly economic updates issued this afternoon, the New Zealand Institute of Economic ... See all stories on this topic »

Perennial favourites New Zealand may live up to the tag this time Reuters Africa By Greg Stutchbury WELLINGTON (Reuters) - New Zealand will enter the World Cup with the burden of being tournament favourites once again, however, signs are this time they might be able to shed the 'choking' tag that has accompanied them since 1991. ... See all stories on this topic » Reuters Africa

PRECIOUS-Gold edges down; eyes on Fed cues on stimulus Reuters Africa Gold market awaits Fed decision on stimulus * Spot gold could rise to $1862/oz -technicals * Coming up: US ADP employment report for August; 1215 GMT (Adds comments, details; updates prices) By Rujun Shen SINGAPORE, Aug 31 (Reuters) - Spot gold edged ... See all stories on this topic »

NZ dollar rises as world stock markets keep gains New Zealand Herald Global stock markets extended recent gains amid volatile trading as investors continued to search for oversold assets, with the Standard & Poor's 500 Index gaining 0.7 per cent to 12189.50, and Europe's Stoxx closing 1 per cent higher at 230.60. ... See all stories on this topic » New Zealand Herald

The world isn't just flat anymore Ha'aretz The NYT commentator's main claim to fame is his book "The World is Flat," in which he describes technology and globalization as a tremendous economic engine that could achieve global prosperity. Yet in his column last week, Friedman again addressed the ... See all stories on this topic » Ha'aretz

SE Asia Stocks-Thailand retreats; Vietnam up Reuters Africa Pessimism about the health of the US economy and worries about Europe's sovereign debt crisis have hammered global stock markets this month, driving MSCI's All-Country World Index down nearly 15 percent from its May high. Southeast Asia had gained some ... See all stories on this topic »

French business chief dismisses IMF chief's bank call Reuters PARIS Aug 30 (Reuters) - The head of France's business federation on Tuesday slammed IMF chief Christine Lagarde's call for a forced recapitalisation of European banks. Lagarde, who replaced former IMF head Dominique Strauss Kahn in late June as head ... See all stories on this topic »

AMG business unit celebrates 100 year anniversary MarketWatch (press release) GfE is a global producer of specialty alloys for titanium and superalloys, coating materials and vanadium chemicals for the aerospace, energy and specialty metals end markets. AMG's Advanced Materials unit traces its origins back to the development and ... See all stories on this topic »

Indian shares provisionally ends up 1.7 pct Reuters MUMBAI Aug 30 (Reuters) - Indian shares provisionally closed up 1.7 percent on Tuesday, extending their gains to the second straight session, helped by a global equities rally after US data eased concerns about the health of the world's largest economy ... See all stories on this topic »

NYMEX-Crude dips, choppy eyeing equities, dollar Reuters [USD/] * Global shares edged up to their highest in nearly two weeks, but the rally looked to be running out of steam on the back of concerns over Europe's debt troubles and US growth. Worldstock markets were up 0.17 percent, but European markets were ... See all stories on this topic »

Chile July industry and copper output fall vs June Reuters Africa Analysts polled by Reuters had forecast a median rise of 4.0 percent for July from a year ago, though they see industrial output slowing in the second half of the year on Chile's moderating economic growth, high interest rates and a darkening global ... See all stories on this topic »

The 5 big hurdles on the road to lasting economic recovery The Guardian The US housing crisis is a destabilising influence on the global economy. Photograph: Robert Galbraith/Reuters The first indications of the damage caused by the financial turbulence of the past few weeks will be seen on Wednesday, ... See all stories on this topic » The Guardian

Climate change concern tumbles in US and China The Guardian (blog) So a new global survey suggests the glass is two-thirds full. Sixty nine percent of citizens in 51 nations around the world are concerned about climate change, and that two-to-one majority is essentially unchanged over the last four years. ... See all stories on this topic »

Mexican Automotive Manufacturing Market Attracting Global Investments Quality Magazine 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 Dow Jones Newswires story. In the first half of 2011, Mexico's production ... See all stories on this topic »

EU wheat prices mixed, rains slow German harvest Reuters Africa LONDON Aug 30 (Reuters) - Wheat prices in western European markets were mixed on Tuesday with milling wheat futures in Paris easing, pressured by the fall on US markets as forecasts of rain in parts of US winter crop areas weighed. ... See all stories on this topic »

CORRECTED - GLOBAL MARKETS-Stocks, oil, jump after Greek ... S&P 500 and global shares up 2 percent * Stocks up on reports of impending ... Aug 29 (Reuters) -Global stocks rallied on Monday along with oil after news of a ... have gone from bad to worse inrecent months, after the country expropriated the ... AlertNet provides news, images and insight from the world's disasters and ... af.reuters.com/article/.../idAFN1E77S0OZ20110829

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