• Recent Posts

  • China factory activity hits nine month low, policy action eyed
  • Fewer drivers seen on July 4 as shorter holiday, economy bite: AAA
  • Asian stocks tumble on weak China PMI, Fed policy plan
  • China June flash HSBC PMI hits nine-month low on weak demand
  • Euro ministers to decide direct bank recapitalization rules on Thursday

•  

  June 2012

  M	T	W	T	F	S	S
  « May				Jul »
  				1	2	3
  4	5	6	7	8	9	10
  11	12	13	14	15	16	17
  18	19	20	21	22	23	24
  25	26	27	28	29	30

• Blogroll

  • WordPress.com
  • WordPress.org

• Meta

  • Log in
  • Entries RSS
  • Comments RSS
  • WordPress.org

• Breaking News

  • Asia assets hammered on China fears, Fed upset
    By Chikako Mogi and Wayne Cole TOKYO/SYDNEY (Reuters) - Asian markets buckled badly on Thursday after the Federal Reserve heralded an eventual end to free money and China turned the screw on credit even as factory activity in the world's second largest economy hit a nine-month low. Shares, currencies and commodities all crumbled as spooked investors rushed to unwind crowded trades in emerging markets. ...
  • China factory activity hits nine month low, policy action eyed
    By Kevin Yao BEIJING (Reuters) - China's factory activity weakened to a nine-month low in June as demand faltered, a preliminary survey showed, heightening the risk of a sharper second quarter slowdown and increasing the heat on the central bank to loosen policy. China's economy grew at its slowest pace for 13 years in 2012 and so far this year data has been weaker than expected, bringing warnings the country could miss its growth target of 7.5 percent for this year, though possibly not by much. ...
  • Britain, France face EU action over high Eurostar charges
    By Ethan Bilby BRUSSELS (Reuters) - The European Commission has given France and Britain two months to respond to a request to lower charges for passenger and freight trains to use the Channel Tunnel, or face possible court action, it said on Thursday. The Commission said the illegally high track access charges result in higher ticket prices for passengers of the high-speed Eurostar service linking London with Paris and Brussels. ...
  • Bernanke says Fed likely to reduce bond buying this year
    By Alister Bull and Pedro da Costa WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. economy is expanding strongly enough for the central bank to begin slowing the pace of its bond-buying stimulus later this year. Bernanke's confirmation that the Fed is getting closer to pulling back on its $85 billion in monthly asset purchases confirmed investor fears, sending stocks and bonds sharply lower and pushing benchmark Treasury yields to a 15-month high. ...
  • Sony to consider Third Point's proposal: Sony CEO Hirai
    TOKYO (Reuters) - Sony Corp CEO Kazuo Hirai said on Thursday that the electronics firm's board will consider hedge fund Third Point's suggestion to spin-off the electronics company's profitable entertainment arm. Hirai made the comments at an annual shareholders' meeting in Tokyo. Hirai said it was important for Sony to revitalize its electronics division as well as to continue growth of its entertainment and financial businesses, which have steadily contributed profits to the overall group. (Reporting by Mari Saito; Editing by Edmund Klamann)
  • SNB lauds UBS, Credit Suisse capital steps, warns on leverage
    By Katharina Bart ZURICH (Reuters) - The Swiss National Bank welcomed measures by Credit Suisse and UBS to bolster their capital levels, but said leverage ratios still lag international rivals. "Given the prevailing risks in the environment and the losses incurred in the recent financial market crisis, the SNB still considers current leverage ratios at the Swiss big banks to be low," the central bank said in its annual financial stability report published on Thursday. ...
  • Intrepid Mines board survives coup over lost Indonesia mine
    MELBOURNE (Reuters) - Shareholders of Intrepid Mines backed their board and its attempt to reclaim rights to a $5 billion copper and gold project in Indonesia, defeating a plan by a private equity investor to oust the board on Thursday. At stake is the Tujuh Bukit mine, where Intrepid was kicked off site last July after its Indonesian partners transferred the leases for the project to a new company, now controlled by Indonesian tycoon Edwin Soeryadjaya. ...
  • Analysis: Sprint should raise Clearwire bid to avoid Dish tension
    By Sinead Carew and Liana B. Baker NEW YORK (Reuters) - Sprint Nextel Corp should consider raising its offer price for Clearwire Corp or risk being saddled with a contentious relationship with Dish Network Corp, controlled by feisty billionaire Charlie Ergen. Shareholders of Clearwire, already majority owned by Sprint, will vote on June 24 on Sprint's $3.40-a-share offer to buy the rest of the company. But Clearwire's board has recommended shareholders instead accept a higher, $4.40-a-share tender offer from Dish. ...
  • Icahn reiterates commitment for Dell buy
    By Michelle Sierra NEW YORK (Reuters) - Carl Icahn reiterated his interest in owning Dell Inc and said the $5.2 billion in financing he's putting together to back his bid for the company continues to move forward as planned. The comments came in a telephone interview Tuesday, echoing statements he made earlier in the day in an open letter to Dell shareholders. "Nothing has changed regarding the financing," Icahn said. "We expect to have $5.2 billion in the next couple of weeks. Our investment bank is already committing $1.6 billion and my affiliates and I would provide $2 billion, if ...
  • Euro ministers to decide direct bank recapitalization rules on Thursday
    By Jan Strupczewski BRUSSELS (Reuters) - Euro zone finance ministers will decide on Thursday when and how their bailout fund can invest in a bank to save it from failure, laying a cornerstone of the banking union seen as vital to restore economic growth. Ministers from the 17 countries using the euro will also set guidelines for how much a government would have to contribute to such a bank rescue, which banks would be eligible, and who would lose money in the process. ...

This entry was posted on Monday, June 11th, 2012 at 6:46 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

© 2013 U.S. Economy | Entries (RSS) and Comments (RSS)
SEO By Court's Internet Marketing School. | Get Blueline RC