 U.S. stocks falter on lingering Greek debt concernsU.S. stock indices lightened up on Monday, interrupting a multi-week uptrend.
Losses however were limited with the bulk of them clawed back in the final hour of trading.
The wrangle over... | |
 Europe slump to hit China growth, warns IMFNEW YORK - The IMF has warned of lower growth in China in view of the economic slump in Europe, and cut its forecast for the world's second largest economy this year to 8.25 per cent from 9 per cent... |
 China gives Citigroup the nod to offer credit card in ChinaNEW YORK - Citigroup's Chinese subsidiary has been granted permission to offer its credit cards in China, becoming the first US based bank and the second foreign bank to receive the nod.
Currently... |
| Apple's iPhone business alone now bigger than whole of Microsoft Apple's iPhone business alone is now bigger than the whole of Microsoft, recent revenue figures have revealed.
The tech giant's popular smartphone division generated 24.4 billion dollars of revenue... |
 Bristol pound to be launched on May 21BRISTOL - Hundreds of traders and business establishments have signed up for Bristol's own currency to be launched May 21, with the backing of the Bristol Credit Union, a bank run as a... |
 Greece to continue bailout talksATHENS - Greek Prime Minister Lucas Papademos has said he would continue intense talks with his coalition partners on austerity measures for a 130 billion-euro EU bailout plan second for... |
 No EU carbon tax, vows ChinaBEIJING - China's Monday asked its airlines not to pay a charge on carbon emissions imposed by the European Union (EU).
The authorities also asked the airlines not to hike freight or add other... |
| Wal-Mart debuts 'Great for You' seal Wal-Mart Stores Inc. plans to help its customers figure that out by adding a new green icon that reads "Great for You" to packaging of some of its house-brand... |
| Microsoft Unveils Microsoft Dynamics CRM Mobile REDMOND, Wash. - Microsoft Corp. announced in a press release that Microsoft Dynamics CRM will release its next service update in Q2 2012. This service update will deliver the capability for... |
| United Drug eyes improved earnings for year United Drug says its profits and revenues for the quarter to the end of December are better than last year. It said it expects its adjusted earnings per share for the year to September to be 4-8%... |
| Citigroup receives approval for credit-card operation in China Citigroup intends to capitalise on China's increasing consumption power and, in its efforts to expand in the world's second-largest economy, has announced that it will issue credit cards. ... |
| US Bankrate Q4 earnings up to USD14m (MENAFN) Bankrate Inc. said that fourth-quarter earnings grew to USD14 million, compared with a loss of USD4.8 million in the same period a year earlier, reported AP.The New York-based financial... |
| Palamin drops despite earnings jump Shares of Palabora Mining fall over 7 percent after the South African unit of Rio Tinto posts annual earnings that were at the lower end of its own... |
| Shire leads FTSE risers on upgrade and bid talk, but markets cautious on Greece is the biggest riser in a falling FTSE 100, after a broker upgrade and bid speculation.The company has climbed 74p to 22.03, a 3.5% increase. On Monday traders heard suggestions... |
| Banking reforms should not be diluted, Bank of England official warns Bank of England official on Tuesday made clear that the UK should not water down international rules intended to reform the banking system.Chief cashier Chris Salmon told an audience in London that... |
| UBS reports big fall in profits after rogue trading scandal Profits were down 76% in the fourth quarter of 2011 as Switzerland's biggest bank continued to struggle with the effects of a $2bn rogue trading scandal and economic weakness in Europe and... |
| UK retail market in January was grim UK retail sales values were down 0.3% on a like-for-like basis from January 2011, when sales had risen 2.3%, picking up after December 2010's snow disruption. On a total basis, sales were up... |
| Dr Peter Morici: Falling US unemployment hardly a game-changer but Obama may not need one See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when... |
| Tuesday Newspaper Review - Irish Business News and International Stories - - February 07, 2012 See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when... |
| Glencore to Buy Xstrata in $90 Billion Deal Glencore and Xstrata agreed an all-share merger worth $90 billion on Tuesday in the industry's largest ever deal, creating a commodities powerhouse spanning mining, agriculture and... |
| Greek Leaders Face Crunch Talks, Unions Strike Greek leaders face crunch talks on Tuesday to agree on unpopular reforms to secure a 130-billion-euro ($170 billion) bailout and avert a chaotic debt default which could threaten its future in the... |
| Greece Groundhog Day All Over Again: Strategist failed yet again to reach agreement on the terms of a second bailout by Tuesday morning leaving European markets facing another day's uncertainty over the Mediterranean... |
| ArcelorMittal Sees Pick-Up After Weak End to 2011 , the world's largest steelmaker, forecast on Tuesday an improvement of earnings in the first half of 2012 after a weak end to last year, with a pick up of steel demand and further cost... |
| Oracle Seeks New Trial Against SAP Over Downloads SAN FRANCISCO - Oracle Corp will head to a retrial against SAP AG over copyright infringement allegations after a U.S. judge slashed a previous monetary award against SAP by over $1... |
| Strategist: 3 Reasons Why Risk-On Is Back in Fashion long-term refinancing operation back in December was "a giant step" towards easing the banking crisis which, together with the widening of the range of collateral it accepts at its market... |
| Philippine bank to tap offshore bond market MANILA -- Banco de Oro Unibank (BDO) in the Philippines plans to tap the overseas bond market for the first time in two years, seeking to take advantage of compelling interest rates and strong... |
| Microsoft looks to the future with Windows 8 BERLIN -- This will be the year those anticipating a new Microsoft operating system have been waiting for. Windows 8 is set to arrive some time in 2012, with new functions, a user interface dubbed... |
| Stocks, Euro Rise Amid Greek Debt Talks; Aussie Dollar Climbs Feb. 7 (Bloomberg) -- Stocks rose and the euro strengthened as Greece held negotiations to secure rescue funds. The Australian dollar jumped to a six-month high after the central bank unexpectedly... |
| Ship Guards Using Live Weapons in Drills, Vetting Company Says Feb. 7 (Bloomberg) -- Most armed guards on ships are not following safety regulations with breaches including firing live ammunition during on-board drills, according to a company that vets security... |
| Glencore, Xstrata Deal Set to Squeeze Japan Coal Post Fukushima Feb. 7 (Bloomberg) -- Glencore International Plc’s proposed takeover of Xstrata Plc, making it the world’s biggest thermal coal exporter, poses a new threat to Japanese utilities forced... |
| Egyptian Generals Said to Cancel Meetings With U.S. Lawmakers Feb. 7 (Bloomberg) -- An Egyptian military delegation visiting Washington canceled talks with U.S. senators because the group was called home amid a dispute over charges against American... |
| Farmers Plan Biggest Crops Since 1984, Led by Corn: Commodities Feb. 7 (Bloomberg) -- U.S. farmers will plant the most acres in a generation this year, led by the biggest corn crop since World War II, taking advantage of the highest agricultural prices in at... |
| Netanyahu Says Military Strength Guarantees Israeli Security Feb. 6 (Bloomberg) -- Prime Minister Benjamin Netanyahu, who yesterday announced plans to visit the U.S. in March, said turmoil in neighboring Arab states and threats from Iran show that Israel must... |
| Glencore Agrees to Buy Xstrata for $62 Billion in Shares Feb. 7 (Bloomberg) -- Glencore International Plc, the world’s largest publicly traded commodities supplier, agreed to buy Xstrata Plc for 39.1 billion pounds ($62 billion) in the biggest mining... |
| NZ shares gain as earnings loom RBA keeps interest rates on hold New Zealand shares rose in the busiest day of trading this year as investors look ahead to the start of earnings season. Fletcher Building paced gainers while... |
| Glencore to buy Xstrata in $90 billion deal LONDON - The euro and European stock markets edged higher on Tuesday as traders grew hopeful a resolution could be found to enable a second bailout deal for Greece, although poor results for some top... |
| Toyota Q3 jumps, sees "tough race" in North America A 2013 Toyota Prius V hybrid is displayed on the final press preview day for the North American International Auto Show in Detroit, Michigan, January 10,... |
| BP preparing "vigorously" for oil spill lawsuits Preparations to drill a relief well continue at the Macondo oil spill site in the Gulf of Mexico, in this aerial photograph taken from a coast guard helicopter on August 21,... |
| SEC to propose new rules for money-market funds: report (Reuters) - The Securities and Exchange Commission (SEC) will unveil proposals aimed at stabilizing money-market funds in the event of another financial panic, the Wall Street Journal reported on... |
| HTC shares tumble on weak Q1; focus shifts to new models 2498.TW ) forecast of much lower-than-expected first-quarter revenue sent its shares down by the 6.9 percent maximum on Tuesday, with attention turning to how its new models due for release this... |
| UBS warns of poor Q1 after investment bank loss A man passes a UBS logo displayed on a screen in a window of a UBS bank building in Bern February 6, 2012. UBS will present their annual full year results for 2011 on February 7,... |
| Walmart names ex-Woolworths veteran as new China CEO WMT.N ) named company executive Greg Foran as the president and chief executive of Walmart China, capping a series of leadership changes at the China unit that has been tainted by food... |
| Ageas Raises EUR666 Million Net Cash In Buyback From BNP Paribas BRUSSELS – Belgian insurance firm Ageas (AGS.BT) Tuesday said it raised EUR666 million in net cash from a bond buyback linked to its relationship with collapsed bank Fortis.The buyback was... |
| INDABA: Anglo American: Nationalization Debate Damaging To South Africa Anglo American PLC (AAL.LN) executive Tuesday said the nationalization debate is damaging South Africa and for this reason it looks forward to reaching a conclusion on the issue this year.Godfrey... |
| BP Upgrades Dividend For 1st Time Since Spill, Beats Earnings Expectations BP PLC (BP) Tuesday posted a 14% rise in adjusted net profit for the fourth quarter and said it would raise its dividend after beating analyst expectations."2012 will be a year of increasing... |
| Aminex's Onshore Tanzania Exploration Well Comes Up Dry LONDON – East Africa-focused independent oil explorer Aminex PLC (AEX.LN) Tuesday said that its Ntorya-1 exploration well in the Ruvuma Basin onshore in Tanzania didn't find oil or gas at... |
| UBS Gaining Market Share In Currency Trading UBS AG (UBS) is gaining market share in currency trading, Tom Naratil, chief financial officer at Switzerland's largest bank, said Tuesday."We continue to see that our algorithmic trading... |
| Xstrata Shareholders To Receive 2.8 Glencore Shares LONDON -- Anglo-Swiss miner Xstrata PLC (XTA.LN) said Tuesday that investors will receive 2.8 Glencore International (GLEN.LN) shares for every Xstrata share owned under the terms of the proposed... |
