Business
May
G8 growth talk leaves wary markets awaiting action
(Reuters) – A pledge by leaders of industrialized nations to help the troubled world economy is unlikely to herald quick new action by Europe on its debt crisis, meaning more uncertainty for nervous financial markets. Originally posted from G8 growth talk leaves wary markets awaiting action
May
Facebook faces crucial week after modest debut
NEW YORK (Reuters) – Newly issued shares in Facebook Inc may have a hard time in the coming week if lead underwriter Morgan Stanley stops supporting the stock and managers lower down in the IPO book who were hoping for an early surge decide to get out before going underwater. Originally posted from Facebook faces [...]
May
Australia to seal trade deal with Malaysia
CANBERRA (Reuters) – Australia will sign a free trade agreement(FTA) with Malaysia on Tuesday in a move it hopes will add new momentum to stalled bilateral trade talks with other key Asian trading partners. Originally posted from Australia to seal trade deal with Malaysia
May
Global markets on edge over Greece despite G8 pledge
TOKYO (Reuters) – Markets remained cautious on Monday despite world leaders calling for Greece to stay in the euro zone and for Europe to balance austerity with growth, with investors unwilling to take risks before Greek elections next month. Originally posted from Global markets on edge over Greece despite G8 pledge
May
Facebook stock seen facing crucial week after modest debut
NEW YORK (Reuters) – Newly issued shares in Facebook Inc may have a hard time in the coming week if lead underwriter Morgan Stanley stops supporting the stock and managers lower down in the IPO book who were hoping for an early surge decide to get out before going underwater. Originally posted from Facebook stock [...]
May
G8 growth talk leaves wary markets awaiting action
(Reuters) – A pledge by leaders of industrialized nations to help the troubled world economy is unlikely to herald quick new action by Europe on its debt crisis, meaning more uncertainty for nervous financial markets. Originally posted from G8 growth talk leaves wary markets awaiting action
May
Facebook shares could fall below IPO price: Barron’s
(Reuters) – Shares in social media company Facebook Inc could fall below the initial public offering price of $38, Barron’s wrote in its May 21 edition. Originally posted from Facebook shares could fall below IPO price: Barron’s
May
Insight: China pays high price to spare state firm from bankruptcy
WEIFANG, China (Reuters) – The Chinese official was adamant the city of Weifang would keep its rayon factory open, noting that local authorities had just stepped in to help the plant’s owner repay $60 million in commercial paper. Originally posted from Insight: China pays high price to spare state firm from bankruptcy
May
U.S. banking laws unable to stop JPMorgan loss: Republican Boehner
WASHINGTON (Reuters) – U.S. banking reforms could not have prevented JPMorgan Chase & Co’s trading losses, and those involved in the activities that went awry should be held accountable, U.S. House of Representatives Speaker John Boehner said in an interview aired on Sunday. Originally posted from U.S. banking laws unable to stop JPMorgan loss: Republican [...]
May
Euro zone row gets fat pay rise for German workers
BERLIN (Reuters) – A record-breaking pay deal will give millions of German workers their biggest rise in wages in two decades, boost consumption in Europe’s biggest economy and help towards adjusting the regional imbalances that have caused severe tensions within the euro zone, analysts said on Sunday. Originally posted from Euro zone row gets fat [...]