Tuesday, June 15, 2010

Business - 15 June 2010

  • Animal Cloning: The Next Phase
    Tue, 15 Jun 2010 02:37:51 -0700
    San Diego's Frozen Zoo stores cells of endangered species such as the white rhino, but the controversial procedure hasn't yielded optimal results
  • Barclays shares up on FTSE 100 following positive comments from Morgan Stanley
    Tue, 15 Jun 2010 02:34:40 -0700
    Shares in Barclays bank were up on the FTSE 100 thanks to positive comments from Morgan Stanley about the banks prospects compared with that of its rivals.
  • Murdoch in BSkyB takeover offer
    Tue, 15 Jun 2010 02:32:58 -0700
    Rupert Murdoch's News Corporation launches a bid to take full control of satellite broadcaster BSkyB.
  • SocGen Seeks 2012 Net of About 6 Billion Euros on CIB (Update2)
    Tue, 15 Jun 2010 02:29:00 -0700
    Societe Generale SA, France’s second-biggest bank by market value, said it’s aiming for profit of about 6 billion euros ($7.3 billion) in 2012, driven by growth at the corporate and investment bank and in Russia.
  • The 401(k): It's not dead yet
    Tue, 15 Jun 2010 02:28:29 -0700
    Question: I'm 23 and contribute to my 401(k) plan. My employer also invests 4% of my salary in matching funds. But after reading a 2009 TIME Magazine story titled "Why It's Time to Retire the 401(k)" and seeing my parents lose significant amounts of their retirement savings after 9/11 and again in 2008, I'm wondering whether I should stop contributing to my 401(k). I'm confused. What is the best way to save long-term for retirement? --Andrew H.
  • China 'set to invest billions in debt-stricken Greece'
    Tue, 15 Jun 2010 02:26:17 -0700
    China is expected to sign a billion-euro investment deal with Greece on Tuesday, as the European nation battles to reduce its huge deficit.
  • Swiss Lower House Backs UBS Treaty, Asks for Popular Referendum
    Tue, 15 Jun 2010 02:24:10 -0700
    Swiss lawmakers today backed a government treaty with the U.S. over UBS AG data and asked for the possibility to put the proposal to a nationwide vote.
  • Lending price controls rejected
    Tue, 15 Jun 2010 02:23:55 -0700
    The Office of Fair Trading backs away from recommending price controls on expensive forms of short term borrowing - typically accessed by poorer people
  • German Investor Sentiment Plunges on Debt Crisis (Update1)
    Tue, 15 Jun 2010 02:17:01 -0700
    German investor confidence plunged in June on concern that the sovereign debt crisis will undermine export prospects and crimp growth in Europe’s largest economy.
  • European Stocks Fluctuate; BSkyB Surges After News Corp. Offer
    Tue, 15 Jun 2010 02:15:00 -0700
    European stocks fluctuated as News Corp.’s offer for British Sky Broadcasting Plc offset a plunge in German investor confidence and a rating downgrade for Greece. U.S. index futures rose and Asian equities were little changed.
  • Public pensions costs 'to double'
    Tue, 15 Jun 2010 02:13:53 -0700
    Nick Clegg says "unreformed" public sector pensions are unfair, as figures show spending on them will more than double by 2014/15.
  • Stocks seen opening higher
    Tue, 15 Jun 2010 02:08:27 -0700
    U.S. stocks were set to open higher Tuesday, ahead of a batch of economic readings, although gains could be limited amid anxiety about Europe's debt woes.
  • Most Asian Stocks Rise, Led by Brokerages, Carmakers on Ratings
    Tue, 15 Jun 2010 02:06:00 -0700
    Most Asian stocks rose after analyst ratings on Japanese brokerages and carmakers eased concern that Europe’s crisis of government debt will hurt corporate earnings.
  • Blackstone’s Wien Says Hedge Fund Returns May Halve (Update1)
    Tue, 15 Jun 2010 02:00:00 -0700
    Byron Wien, vice chairman of Blackstone Group LP’s advisory services division, said hedge fund returns may shrink by half as firms seek to protect investors’ capital.
  • Asian stocks end flat after Moody's adverse rating of Greece debt
    Tue, 15 Jun 2010 01:58:27 -0700
    Asian stock markets ended flat on Tuesday due to lack of positive trigger from Wall Street, which ended in negative region on concerns that Greece’s junk credit rating may curb demand.
  • Stock futures signal slight gains
    Tue, 15 Jun 2010 01:56:59 -0700
    NEW YORK, (Reuters) - Stock index futures pointed to a slightly higher open on Wall Street on Tuesday, with futures for the S&P 500 up 0.25 percent, Dow Jones futures up 0.16 percent and Nasdaq 100 futures up 0.04 percent at 0820 GMT.

  • BSkyB rejects $11.6 billion News Corp buyout proposal
    Tue, 15 Jun 2010 01:56:29 -0700
    LONDON (Reuters) - BSkyB rejected a proposal by major shareholder News Corp to buy the rest of the company in a deal that would value BSkyB at 12.3 billion pounds ($19 billion) but said it would recommend a higher offer.

  • UK inflation falls to 3.4% in May
    Tue, 15 Jun 2010 01:55:23 -0700
    UK inflation falls to 3.4% in May from 3.7% in April, but remains well ahead of the Bank of England's 2% target.
  • Mukherjee backs "appropriate" RBI action on prices
    Tue, 15 Jun 2010 01:50:59 -0700
    NEW DELHI (Reuters) - The finance minister on Tuesday said the Reserve Bank of India (RBI) would take appropriate action to tame accelerating inflation as and when required, appearing to tone down earlier comments against a near-term rate hike.
  • GLOBAL MARKETS - Rally snuffed out as Moody's slashes Greece
    Tue, 15 Jun 2010 01:50:39 -0700
    LONDON (Reuters) - A recovery in stocks and the euro fizzled out on Tuesday after Moody's downgraded Greece to junk status, reigniting anxiety about Europe's debt crisis and causing a slight retreat from riskier assets.
  • Moody's cuts Greek rating to junk, outlook stable
    Tue, 15 Jun 2010 01:50:27 -0700
    NEW YORK/ATHENS (Reuters) - Moody's cut Greece's credit rating to junk status on Monday over risks to an EU/IMF bailout package, highlighting persisting doubts over the country's ability to exit a severe debt crisis.
  • UK inflation falls faster than expected in May
    Tue, 15 Jun 2010 01:49:22 -0700
    British consumer price inflation fell slightly faster than expected in May, helped by lower food costs and boosting hopes that April's 17-month high marked a peak.
  • U.K. Inflation Slows for First Time in Three Months (Update2)
    Tue, 15 Jun 2010 01:47:00 -0700
    U.K. inflation slowed in May for the first time in three months as lower costs of items from food to transport eased price pressures in the economy.
  • Swiss MPs back UBS-US tax deal
    Tue, 15 Jun 2010 01:46:46 -0700
    Switzerland's parliament has voted to approve a deal to provide the US with information on tax evasion.
  • HDFC pays 2.15 bln rupee as advance tax - source
    Tue, 15 Jun 2010 01:40:39 -0700
    MUMBAI (Reuters) - Indian mortgage lender Housing Development Finance Corp has paid 2.15 billion rupees ($46.1 million) for the June-quarter, up from 1.75 billion rupees a year ago, an income tax department source said on Tuesday.
  • Q&A - What's behind China's recent labour unrest?
    Tue, 15 Jun 2010 01:40:28 -0700
    BEIJING (Reuters) - A string of strikes at foreign-owned factories in southern China, especially Honda vehicle plants and parts suppliers, has highlighted the rising demands of young Chinese workers from the countryside.
  • Asia gold premiums tick up; Indian jewellers sell less scrap
    Tue, 15 Jun 2010 01:30:28 -0700
    SINGAPORE/MUMBAI (Reuters) - Premiums for gold bars edged up on Tuesday after bullion prices slipped from an all time high, while purchases by the electronics sector helped stir up trade in an otherwise slow physical market. Top consumer India saw sales of scrap subside although domestic prices were within sight of record levels. India is entering the lean season for gold deals as the annual monsoon rains sweep the country.
  • Rally snuffed out as Moody's slashes Greece
    Tue, 15 Jun 2010 01:23:36 -0700
    LONDON (Reuters) - A recovery in stocks and the euro fizzled out on Tuesday after Moody's downgraded Greece to junk status, reigniting anxiety about Europe's debt crisis and causing a slight retreat from riskier assets.

  • BOC India delisting offer at 225.29 rupees/share
    Tue, 15 Jun 2010 01:10:29 -0700
    MUMBAI (Reuters) - The founder of speciality gas maker BOC India has offered to delist its shares from Indian bourses by acquiring 10.52 percent public holding in the firm at a minimum price of 225.29 rupees a share, the company said on Tuesday.
  • BSkyB could support proposed News Corp takeover at 800p a share
    Tue, 15 Jun 2010 01:08:42 -0700
    BSkyB shares jump as directors say proposed takeover by Rupert Murdoch's News Corp might be possible at 800p.
  • FACTBOX - Parkway owns top S'pore hospitals, has pan-Asia...
    Tue, 15 Jun 2010 00:40:26 -0700
    REUTERS - Singapore's Parkway Holdings, which operates 16 hospitals across Asia, is at the centre of a tussle for control by India's Fortis Healthcare and Malaysian state investor Khazanah, its two largest shareholders.
  • Citi appoints Rahul Shukla head of corporate banking for India
    Tue, 15 Jun 2010 00:36:04 -0700
    Mumbai, June 15 (ANI/Business Wire India): Citi has appointed Rahul Shukla as head of Corporate Banking for Citi in India, leading the team that manages the diverse financing needs of Citi s key corporate clients in India.
  • Lodha Developers eyes PE for projects, IPO on hold
    Tue, 15 Jun 2010 00:30:40 -0700
    MUMBAI (Reuters) - Lodha Developers is in talks with several private equity funds to sell stake in a Mumbai project to build the world's tallest residential tower, its managing director said on Tuesday.
  • Oil min: seeking fuel price panel meet Thursday
    Tue, 15 Jun 2010 00:30:28 -0700
    NEW DELHI (Reuters) - India's Oil Ministry is seeking a meeting of a panel of ministers on Thursday to discuss fuel pricing, Oil Minister Murli Deora told reporters on Tuesday.
  • UK faces life in the economic slow lane
    Tue, 15 Jun 2010 00:30:21 -0700
    So is the outlook for the deficit really so much worse than we were led to believe, as claimed by both David Cameron and his Chancellor, George Osborne? In double quick time, the Government's new Office of Budget Responsibility has crunched the numbers and perhaps disappointingly for Mr Osborne come to the conclusion that in some respects - er - no it isn't.
  • Reuters Summit - Lodha eyes PE for projects, IPO on hold
    Tue, 15 Jun 2010 00:20:50 -0700
    MUMBAI (Reuters) - Lodha Developers is in talks with several private equity funds to sell stake in a Mumbai project to build the world's tallest residential tower, its managing director said on Tuesday.
  • Fortis hires banks as Parkway battle heats up
    Tue, 15 Jun 2010 00:20:40 -0700
    NEW DELHI/SINGAPORE (Reuters) - India's Fortis Healthcare has hired Macquarie and Religare Capital to raise funds for a possible battle with Malaysian sovereign wealth fund Khazanah over Singapore's Parkway Holdings, two sources with knowledge of the matter said.
  • Asia rally stalls as Moody's cuts Greece
    Tue, 15 Jun 2010 00:20:28 -0700
    HONG KONG (Reuters) - Asia's stockmarket rally paused on Tuesday and the euro sputtered after five days of gains as it struggled to break through a resistance after a downgrade of Greece's credit rating reminded investors that Europe's debt crisis was not over.
  • Business Bullet: Asia, Spain, BSkyB, Tesco
    Tue, 15 Jun 2010 00:14:17 -0700
    The latest news on: Asia, Spain, BSkyB, Tesco
  • Tesco UK sales slow as petrol costs hit shoppers
    Tue, 15 Jun 2010 00:12:24 -0700
    Sales at Tesco stores in Britain slowed as high petrol costs ate into shoppers' budgets, although Asian growth helped buoy first-quarter performance.
  • Pantaloon Retail promoters sell shares
    Tue, 15 Jun 2010 00:11:03 -0700
    Seven promoters of Pantaloon Retail on Monday sold over 25 lakh shares that carry differential voting rights for around Rs 71 crore. As per the bulk deal data available with the Bombay Stock Exchange, seven promoters, including Kishore Biyani and Sunil Biyani, sold a total of 25,37,442 differential voting rights (DVR) shares. According to the BSE data, PFH Entertainment bought most of these shares for around Rs 71 crore. When contacted, Pantaloon Retail s Managing Director Kishore Biyani said the transaction of shares was between the promoter entities
  • Q&A: Office for Budget Responsibility
    Tue, 15 Jun 2010 00:01:57 -0700
    The UK's new independent fiscal watchdog - what is it and what does it do?
  • Credit raters could catch a break in Wall St bill
    Mon, 14 Jun 2010 21:15:49 -0700
    WASHINGTON (Reuters) - Embattled credit-rating agencies like Moody's Corp and Standard & Poor's could catch a break on Tuesday when U.S. lawmakers sit down to craft a final rewrite of financial regulations.

  • Mary Schapiro says SEC must grow to keep up with demand
    Mon, 14 Jun 2010 19:52:53 -0700
    NEW YORK (Reuters) - The Securities and Exchange Commission needs to continue to grow to meet demand for more regulation on things like ratings agencies, derivatives, and swaps, Chairman Mary Schapiro said on Monday.

  • Tony Hayward prepares to face his accusers
    Mon, 14 Jun 2010 16:32:51 -0700
    When Tony Hayward enters the rather ordinary wood-panelled surroundings of committee room 2123 in the Rayburn Building on Capitol Hill on Thursday morning, it will be no ordinary day.

No comments: