Friday, November 26, 2010

Business News -26 November 2010

  • US stocks decline on Europe debt concerns
    Fri, 26 Nov 2010 06:58:10 -0800
    US stocks declined in early trade on Friday as fresh concerns over European debt crisis weighed on sentiment.
  • Podcast: Behind the Cover Story
    Fri, 26 Nov 2010 06:50:03 -0800
  • Copper Prices Jump as China Doubles Usage
    Fri, 26 Nov 2010 06:50:03 -0800
  • World markets slide
    Fri, 26 Nov 2010 06:45:33 -0800
  • Stocks stumble on Portugal, Spain worries
    Fri, 26 Nov 2010 06:43:18 -0800
    U.S. stocks sold off at Friday's open as worries about Europe intensified and investors focused on the fate of Portugal and Spain.
  • Wall Street drops at open on euro zone worries
    Fri, 26 Nov 2010 06:41:03 -0800
    NEW YORK (Reuters) - U.S. stock indexes fell about 1 percent at the open on Friday in a shortened post-holiday session as investors fled from risk on worries that euro zone debt problems may continue...

  • Stocks Drop on Korea Tensions, Europe Debt Woes; Dollar Rises
    Fri, 26 Nov 2010 06:40:01 -0800
    Stocks dropped, extending a third straight weekly decline for the MSCI World Index, as tensions in Korea mounted and concern deepened that Europe’s debt crisis will worsen. The cost of insuring against defaults by Portugal, Spain and Ireland rose to records and the dollar strengthened.
  • Panamericano Prompts Brazil Banks to Review Loan Purchases
    Fri, 26 Nov 2010 06:38:10 -0800
    At least two of Brazil’s biggest banks are reviewing internal rules to buy loan portfolios after a fraud investigation into Banco Panamericano SA, said Renato Martins Oliva, president of a national association of small and medium-sized financial institutions.
  • Novartis, Teva May Get Sales Boost From New EU Rules
    Fri, 26 Nov 2010 06:38:01 -0800
    Europe’s drug regulator set out guidelines for copying some of the most expensive biotechnology medicines, giving companies such as Novartis AG and Teva Pharmaceutical Industries Ltd. access to a $36.4 billion market.
  • Shoppers come to spend on Black Friday
    Fri, 26 Nov 2010 06:36:27 -0800
    PRINCETON, N.J./MILWAUKEE, Wisconsin (Reuters) - Early-bird bargain-hunters scooped up "Black Friday" deals on everything from TVs to toys across the United States, but many said discounts were not...

  • Japan passes new stimulus package
    Fri, 26 Nov 2010 06:32:43 -0800
    Japan's parliament passes a stimulus package worth about $61bn, designed to kick start the country's fragile economic recovery.
  • Portugal Says EU Can’t Force Governments to Accept Aid
    Fri, 26 Nov 2010 06:30:01 -0800
    Portuguese Finance Minister Fernando Teixeira dos Santos said European Union governments can’t impose a bailout on his country even as speculation mounts that Portugal will eventually have to ask for one.
  • Black Friday: Bargains bring out crowds
    Fri, 26 Nov 2010 06:28:35 -0800
    Neither rain nor snow could keep throngs of determined bargain hunters from hitting stores nationwide at the stroke of midnight on Black Friday, one of the biggest sales days of the year.
  • Saudi Arabia Says Al-Qaeda Arrests Prevented Attacks
    Fri, 26 Nov 2010 06:19:01 -0800
    Saudi Arabian security forces detained 149 people over the past eight months suspected of links with al-Qaeda, Interior Ministry spokesman Major General Mansour al-Turki said.
  • South Korea Names New Defense Head as North Talks War
    Fri, 26 Nov 2010 06:17:01 -0800
    South Korean President Lee Myung Bak appointed a former top military commander as defense minister as tensions rise before exercises with the U.S. that North Korea said will take the peninsula to the “brink of war.”
  • CO2 Exchanges Ready Contracts as EU Weighs Offset Ban
    Fri, 26 Nov 2010 06:11:01 -0800
    The European Union proposed a ban from the start of 2013 on tradable credits linked to certain industrial gases, prompting exchanges to begin creating new futures contracts to reflect a change in emissions regulation.
  • Apple's latest land grab
    Fri, 26 Nov 2010 06:03:41 -0800
  • Airbus, Boeing mull further output hikes: sources
    Fri, 26 Nov 2010 05:59:16 -0800
    PARIS (Reuters) - Airbus and Boeing have begun sounding out suppliers on their ability to cope with further production increases of their most popular jets, taking combined output well above 80 a...

  • Energy firms facing price review
    Fri, 26 Nov 2010 05:40:48 -0800
    Ofgem is to investigate recent energy price rises as it says they have significantly widened suppliers' profit margins.
  • EU denies pushing Portugal towards bailout
    Fri, 26 Nov 2010 05:33:04 -0800
    BERLIN/LISBON (Reuters) - European officials denied "absolutely false" reports Portugal was under pressure to seek a bailout and Spain ruled out on Friday needing help to manage its finances, despite...

  • Top Pre-Market NASDAQ Gainers (CPII, IGOI, JADE, SVNT, ASML)
    Fri, 26 Nov 2010 05:30:55 -0800
    The top pre-market NASDAQ stock market gainers are: CPI International, iGo, LJ International, Savient Pharmaceuticals, ASML Holding, A-Power Energy Generation Systems, and Melco Crown Entertainment.
  • Oct refinery output dips for 3rd mth
    Fri, 26 Nov 2010 05:30:37 -0800
    NEW DELHI (Reuters) - Indian refiners processed less crude for the third straight month in October from a year ago largely because of refinery shutdowns, government data on Friday showed, and the trend is likely to continue next month.
  • Top Pre-Market NASDAQ Losers (AIXG, CROX, GOLD, INTC, BIDU)
    Fri, 26 Nov 2010 05:30:37 -0800
    The top pre-market NASDAQ stock market losers are: Aixtron AG, CROCS, Randgold Resources, Intel, Baidu, Dell, Joy Global, Microsoft, and
  • India to auction foreign debt limits on Dec 2
    Fri, 26 Nov 2010 05:30:27 -0800
    MUMBAI (Reuters) - The Indian market regulator on Friday released the long-awaited auction details of an enhanced foreign investment debt limit and set the sale date on Dec. 2.
  • U.S.-South Korea War Exercises To Loom Over Markets, Hanwha Exec Says
    Fri, 26 Nov 2010 05:17:16 -0800
    Uncertainty about the latest military tension between North and South Korea will loom over financial
  • EU to ban industrial gas credits
    Fri, 26 Nov 2010 05:11:38 -0800
    The European Commission announced plans on Thursday to ban trading credits related to certain industrial gases from its Emissions Trading System (ETS) starting from 2013.
  • Shipping Corp share sale band at 135-140 rs/share - sources
    Fri, 26 Nov 2010 05:10:48 -0800
    MUMBAI (Reuters) - State-run Shipping Corporation of India has fixed the indicative price band for its follow-on share sale at 135 rupees to 140 rupees a share, two sources with direct knowledge of the situation said on Friday.
  • Rupee hits 10-week lows tracking euro, shares
    Fri, 26 Nov 2010 05:10:38 -0800
    MUMBAI (Reuters) - The rupee posted its fourth consecutive weekly decline and fell to its lowest level since mid-September on Friday, as sharp losses in the euro and domestic shares weighed on sentiment.
  • Environment ministry hauls up two projects
    Fri, 26 Nov 2010 05:10:26 -0800
    NEW DELHI (Reuters) - India's environment ministry asked two high-profile projects why it should not close them over possible violations of green rules, continuing an assertive break with tradition that has hit several multi-billion-dollar investments.
  • Portuguese banks risk needing help with ECB habit
    Fri, 26 Nov 2010 05:00:26 -0800
    LISBON (Reuters) - Portugal has denied it's under pressure to get help now from its eurozone brethren but its banks could sooner or later become a trigger for a mayday call if national austerity measures continue to drain liquidity.
  • US stocks set to open lower
    Fri, 26 Nov 2010 04:53:16 -0800
    Futures on major U.S. indices point to lower opening on Friday as concerns over European debt crisis, and escalating tensions between North and South Korea weighed on the sentiment.
  • Gold weaker, focus on dlr gains, Europe crisis
    Fri, 26 Nov 2010 04:50:26 -0800
    LONDON (Reuters) - Gold fell 1 percent on Friday as the dollar pushed to fresh two-month highs against the euro on worries that Ireland's debt crisis was spreading and growing speculation of an imminent Portuguese bailout.
  • CBI probes 21 companies in bribes-for-loans scandal
    Fri, 26 Nov 2010 04:40:26 -0800
    NEW DELHI (Reuters) - The Central Bureau of Investigation (CBI) is probing 21 sizeable companies for links to a bribes-for-loans scandal that has hit lending and infrastructure shares and hurt the country's image as an investment destination.
  • BSE Sensex down 3rd week; bribery scandal jolts
    Fri, 26 Nov 2010 04:20:26 -0800
    MUMBAI (Reuters) - The BSE Sensex fell for the third straight week, its longest such losing streak since February, shaken by a bribes-for-loans scandal that sent banks and realty shares plummeting.
  • Black Friday 2010: why it matters to the rest of the world
    Fri, 26 Nov 2010 04:13:58 -0800
    Intriguing it certainly is that two families in Florida have been camping for a week at a Best Buy store to make sure they are first in the queue for the "Black Friday" sales - but why does it matter to the rest of the world?
  • Euro debt worries hit world stocks, euro
    Fri, 26 Nov 2010 04:10:26 -0800
    LONDON (Reuters) - Financial markets were battered on Friday by worries over peripheral euro zone debt, knocking European stocks down 1 percent and the euro by the same amount against the dollar.
  • Black Friday: what the analysts say
    Fri, 26 Nov 2010 04:05:16 -0800
    With tills ringing in the US on Black Friday, market watchers will be keeping a close eye on the sales figures.
  • Black Friday 2010: the best offers
    Fri, 26 Nov 2010 03:58:01 -0800
    Here is a random selection of some of the best deals on Black Friday.
  • Euro slides as Portugal bailout pressure builds
    Fri, 26 Nov 2010 03:48:33 -0800
    Portugal is under pressure to accept an EU bailout in order to stop the eurozone debt contagion spreading to Spain, according to German press reports that pushed the euro to a two-month low.
  • FACTBOX - Companies involved in bribery scandal
    Fri, 26 Nov 2010 03:41:39 -0800
    MUMBAI (Reuters) - The Central Bureau of Investigation said on Friday it was probing 21 companies for possible links to a bribes-for-loans scandal that has hit bank shares and hurt the country's image as an investment destination.
  • SEBI looking into bribery scandal - source
    Fri, 26 Nov 2010 03:41:29 -0800
    MUMBAI (Reuters) - The stock market regulator is looking into whether firms involved in the financial bribery scandal did any insider trading or stock price manipulation, a source at the Securities and Exchange Board of India (SEBI) told Reuters.
  • Supreme Court issues notice on iron ore export ban - TV
    Fri, 26 Nov 2010 03:41:19 -0800
    NEW DELHI (Reuters) - The Supreme Court issued a notice to Karnataka government on iron ore export ban, two television channels said on Friday.
  • Environment min hauls up high-profile projects
    Fri, 26 Nov 2010 03:41:08 -0800
    NEW DELHI (Reuters) - India's environment ministry is asking two high-profile projects about possible violations of regulations, continuing an assertiveness that has already held up or halted several billion-dollar projects, some from foreign firms.
  • Business Bullet: Markets, Spain, Ofgem, Week ahead
    Fri, 26 Nov 2010 03:40:03 -0800
    Latest news on: Markets, Spain, Ofgem, Week ahead
  • Black Friday 2010: how the day got its name
    Fri, 26 Nov 2010 03:38:50 -0800
    Black Friday is the day following Thanksgiving Day in the United States, traditionally the beginning of the Christmas shopping season.

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