Wednesday, August 4, 2010

Business - 04 July 2010

  • Strongest Housing Markets in 2014
    Wed, 04 Aug 2010 03:41:50 -0700
  • Chinese luxury wannabes try to shake off "Made in China" image
    Wed, 04 Aug 2010 03:41:33 -0700
    SHANGHAI (Reuters) - Billionaire investor Warren Buffett, often dubbed the Oracle of Omaha, has seen the future of fashion in the most unlikely of places, bearing a "Made in China" label better known for its cheap than chic.


  • Stocks poised to open lower
    Wed, 04 Aug 2010 03:28:48 -0700
    U.S. stocks were set extend the previous session's losses Tuesday, as investors remained jittery about the pace of the economic recovery and awaited private sector jobs data.
  • Ramadan, an uplifting time for stock markets in Muslim countries
    Wed, 04 Aug 2010 03:25:01 -0700
    Washington, Aug 04 (ANI): A new research from the University of New Hampshire has found that during the holy month of Ramadan, stock returns are almost nine times higher in predominately Muslim countries than during other times of the year.
  • US futures decline ahead of ADP data
    Wed, 04 Aug 2010 03:25:00 -0700
    Futures on major U.S. indices point to a lower opening on Wednesday, ahead of economic data including ADP national employment report and ISM non-manufacturing index.
  • Toyota lifts guidance but cautious for Q2 and beyond
    Wed, 04 Aug 2010 03:20:58 -0700
    TOKYO (Reuters) - Toyota Motor Corp's hike in forecasts and biggest quarterly profit in two years on robust Asian sales failed to allay concerns that a strong yen and a faltering U.S. recovery would take a toll in the coming months.
  • Big steel firms eye Indonesian investments
    Wed, 04 Aug 2010 03:20:48 -0700
    JAKARTA (Reuters) - The world's biggest steelmaker Arcelor Mittal is considering an investment worth $5 billion in Indonesia and South Korean rival POSCO is looking at buying coal and iron ore mines, officials said on Wednesday.
  • Chinese luxury wannabes try to shake off "Made in China"...
    Wed, 04 Aug 2010 03:20:26 -0700
    SHANGHAI (Reuters) - Billionaire investor Warren Buffett, often dubbed the Oracle of Omaha, has seen the future of fashion in the most unlikely of places, bearing a "Made in China" label better known for its cheap than chic.
  • Wall Street futures signal falls as data in focus
    Wed, 04 Aug 2010 03:15:01 -0700
    NEW YORK (Reuters) - U.S. stock index futures pointed to a lower open for Wall Street on Wednesday, after disappointing housing and consumer spending data released a day earlier prompted some worries over the pace of economic recovery.


  • Smartphones: The big picture
    Wed, 04 Aug 2010 03:10:42 -0700
  • BSE Sensex rises to highest level since Feb 2008
    Wed, 04 Aug 2010 03:10:39 -0700
    MUMBAI (Reuters) - The BSE Sensex rose to its highest level in 2-½ years on Wednesday afternoon, helped by gains in outsourcers as they cheered robust results from rival Cognizant.
  • Maruti Suzuki looks to advance expansion plan
    Wed, 04 Aug 2010 03:10:27 -0700
    NEW DELHI (Reuters) - Maruti Suzuki , India's top car maker, is looking to speed up expansion plans to meet booming demand in the fast-growing south Asian country, its managing director said on Wednesday.
  • Adventures in advertising
    Wed, 04 Aug 2010 03:05:03 -0700
    Can technology democratize the celebrity endorsement market? BAT thinks so. Just ask the 3,600 pitchmen on its roster.
  • 'It's a disappointing recovery'
    Wed, 04 Aug 2010 03:04:11 -0700
    Congress needs concrete plans for tax cuts, stimulus and deficit control because inaction dooms the economy to slow growth, a panel of economists told lawmakers on Tuesday.
  • July services PMI slips from 2-year peak
    Wed, 04 Aug 2010 03:00:39 -0700
    BANGALORE (Reuters) - India's surging services industry expanded for the 15th month in July, but at a slower pace than the two-year peak in June, with only growth in input prices picking up speed, a survey showed on Wednesday.
  • Why Windows 7 Tablets Won't Kill iPad
    Wed, 04 Aug 2010 03:00:00 -0700
    Apple's tablet is for consumers. Microsoft should aim for business users.
  • With Friends Like Islamabad, Who Needs Enemies?
    Wed, 04 Aug 2010 03:00:00 -0700
    WikiLeaks documents reinforce U.S.' Pakistan problem.
  • Russia's Privatization Ambitions
    Wed, 04 Aug 2010 03:00:00 -0700
    Observers worry that the new round of privatization might replay some of the worst aspects of the 1990s.
  • Web Startups: Tips For Raising Money
    Wed, 04 Aug 2010 03:00:00 -0700
    Great products, teams and business models are still most important.
  • Russia's Privatization Ambitions
    Wed, 04 Aug 2010 03:00:00 -0700
    Observers worry that the new round of privatization might replay some of the worst aspects of the 1990s.
  • Bottom feeding: Office Depot's stock
    Wed, 04 Aug 2010 02:56:34 -0700
    It's been three hard years for Office Depot. Key markets such as Florida and California got hammered in the downturn. It's lost customers to rival Staples. And it was embarrassed by a series of accounting scandals. Since trading at $38 in early 2007, shares have fallen 89% to penny-stock levels.
  • Lloyds sees sharp swing to profit
    Wed, 04 Aug 2010 02:51:34 -0700
    Lloyds Banking Group reports a profit for the first half of the year, thanks to a drop in the amount set aside to cover bad loans.
  • Toyota cautious after Q1 profit top forecasts
    Wed, 04 Aug 2010 02:50:27 -0700
    TOKYO (Reuters) - Toyota Motor Corp's biggest quarterly profit in two years and a hike in its annual forecasts failed to allay concerns about the strength in the yen, weak margins and a faltering U.S. market.
  • Toyota swings to profit, raises outlook
    Wed, 04 Aug 2010 02:41:41 -0700
    Toyota Motor Corp. said Wednesday that it swung to a profit in its latest quarter and boosted its full-year sales outlook.
  • Adani Power April-June profit down a third
    Wed, 04 Aug 2010 02:40:36 -0700
    REUTERS - Three months ended June 30
  • Dhanlaxmi Bank sees 30 bln rupees retail loans in FY11
    Wed, 04 Aug 2010 02:40:26 -0700
    MUMBAI (Reuters) - Private sector lender Dhanlaxmi Bank said on Wednesday it expects its new retail banking venture to contribute about 30 percent to the expected total loan book in FY11.
  • Ofcom raises Sky movie concerns
    Wed, 04 Aug 2010 02:34:12 -0700
    UK media regulator Ofcom refers the market for pay-TV movies to the Competition Commission, amid concerns Sky is too powerful.
  • Toyota lifts guidance but cautious for Q2 and beyond
    Wed, 04 Aug 2010 02:32:17 -0700
    TOKYO (Reuters) - Toyota Motor Corp's biggest quarterly profit in two years and a hike in its annual forecasts failed to allay concerns about the strength in the yen, weak margins and a faltering U.S. market.


  • High growth leading to price pressures - Mukherjee
    Wed, 04 Aug 2010 02:30:26 -0700
    NEW DELHI (Reuters) - India's high economic growth is leading to inflationary pressures, Finance Minister Pranab Mukherjee said in parliament on Wednesday.
  • Junk Debt ‘Bubblelicious,’ Prices Approach Par: Credit Markets
    Wed, 04 Aug 2010 02:30:00 -0700
    Junk bonds are closing in on par for the second time this year as fixed-income investors bet recent signs of economic weakness won’t be enough to derail corporate profits and the ability of the neediest borrowers to repay debt.
  • Russia Should Ban Grain Exports, Glencore Unit Says
    Wed, 04 Aug 2010 02:29:00 -0700
    Russia, the world’s fourth-largest wheat exporter, should suspend grain exports because the worst drought in at least a half-century may mean domestic shortages, Glencore International AG’s Russian unit said.
  • Indonesia Pledges ’Special Attention’ on Inflation, Holds Rate
    Wed, 04 Aug 2010 02:29:00 -0700
    Indonesia’s central bank pledged “special attention” to rising inflationary pressures, signaling less commitment to holding its benchmark interest rate at a record low.
  • RBS, Barclays, HSBC and Standard Charterd share price down on FTSE 100 as Lloyds leads on profit return
    Wed, 04 Aug 2010 02:27:54 -0700
    Shares in British banks were broadly down in morning trading on the FTSE 100 this morning after Lloyds Banking Group and Standard Chartered reported their half year results.
  • Huayi to Invest 1 Billion Yuan to Build Theater Chain
    Wed, 04 Aug 2010 02:22:00 -0700
    Huayi Brothers Media Corp., the first movie studio publicly traded in China, plans to invest 1 billion yuan ($148 million) building a nationwide chain of movie theaters, President James Wang said.
  • Munich Re Keeps Forecast as Profit Exceeds Estimates
    Wed, 04 Aug 2010 02:21:00 -0700
    Munich Re, the world’s biggest reinsurer, reiterated its full-year profit target after second- quarter earnings unexpectedly rose amid gains from investments.
  • Israeli Army Returns to Lebanon Border Clash Site
    Wed, 04 Aug 2010 02:20:08 -0700
    Israeli soldiers returned to work at the site of the most serious border incident since a monthlong conflict in 2006, a clash with the Lebanese army that left one Israeli officer, two Lebanese soldiers and a local journalist dead.
  • Japan worries as yen rises towards 15-year high
    Wed, 04 Aug 2010 02:13:03 -0700
    TOKYO (Reuters) - The yen rose toward a 15-year high against the dollar on Wednesday, sending benchmark government bond yields below 1 percent and adding pressure on Japanese policymakers to keep the fragile economic recovery on course.


  • Next warning of 'cooling demand' hits retail shares
    Wed, 04 Aug 2010 02:03:30 -0700
    Next shares fell sharply, dragging down the rest of the UK retail sector, after the fashion retailer said it expected "cooling of demand" among shoppers to deepen.
  • US futures down, ADP report eyed
    Wed, 04 Aug 2010 01:58:04 -0700
    Futures on major U.S. indices point to a lower opening on Wednesday as investors eye on economic data including ADP national employment report and ISM non-manufacturing index.
  • European banks beat estimates as bad loans fall
    Wed, 04 Aug 2010 01:41:49 -0700
    LONDON/PARIS (Reuters) - More of Europe's top banks beat earnings forecasts on Wednesday, as bad debts shrank more than expected in the first half, outweighing a slowdown in investment banking, which was hit by sovereign debt fears.


  • SolarWinds set to benefit from strong IT demand
    Wed, 04 Aug 2010 01:37:08 -0700
    Business software maker SolarWinds is all set to benefit from strong demand for network management softwares.
  • Oil spill: BP hails 'significant milestone' after static kill of Macondo oil well
    Wed, 04 Aug 2010 01:30:22 -0700
    BP successfully pushes oil from its damaged Macondo well back into the reservoir 13,000 feet below the Gulf of Mexico.
  • IG Markets Australian market report
    Wed, 04 Aug 2010 00:32:29 -0700
    The ASX 200 down 0.7%
  • SocGen says recovery fragile, Q2 beats forecasts
    Wed, 04 Aug 2010 00:22:19 -0700
    PARIS (Reuters) - French bank Societe Generale warned the economic recovery was still fragile, with moderate growth prospects in Europe, after it beat forecasts with an almost fourfold leap in second-quarter net profit.


  • UK house prices recover in July, says Halifax
    Wed, 04 Aug 2010 00:21:32 -0700
    British house prices recovered by 0.6pc during July, reversing a drop in the previous month, the Halifax said.

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