• Breaking News

  • Durable goods orders point to factory resilience
    By Jason Lange WASHINGTON (Reuters) - Orders for long-lasting U.S. manufactured goods rose more than expected in April, a hopeful sign that a sharp slowdown in factory output could soon run its course. New orders for durable goods, which range from toasters to aircraft, increased 3.3 percent last month, the Commerce Department said on Friday. The data was the latest to show the U.S. economy exhibiting surprising resilience in the face of harsh fiscal austerity measures enacted this year. ...
  • Wall St. drops on uncertainty about Fed stimulus
    By Leah Schnurr NEW YORK (Reuters) - U.S. stocks fell for a third day on Friday, putting indexes on track for their first negative week since mid-April, on lingering concern the U.S. central bank may scale back its support to the economy. Trading has been choppy in the second half of the week as market participants assess the Federal Reserve's evolving stance toward markets. The Fed's stimulus measures have been instrumental in a rally that has driven U.S. stocks to record highs this year. ...
  • Insight: Luxury brands position for U.S. boom
    By Astrid Wendlandt and Phil Wahba PARIS/NEW YORK (Reuters) - Most men might balk at spending $600 on a pair of Dior sneakers but for U.S. shoppers like Ephraim, an upbeat 30-year-old, such indulgences are becoming increasingly commonplace. Ephraim is the kind of man who gives luxury goods makers high hopes that the U.S. market can fuel future growth, as China runs out of steam and demand in Europe sags. "There is a cultural shift," Ephraim says while browsing at Saks Inc's New York City flagship. "Men are becoming more fashion forward. ...
  • News Corp's publishing business to initiate stock buyback
    (Reuters) - News Corp set the distribution ratios for the spinoff of its publishing business and said the spinoff may start buying back stock right away. The board of the publishing business, which will retain the News Corp name, authorized a $500 million stock repurchase program, the company said on Friday. The new News Corp will have $2.6 billion in cash when the spinoff is completed at the end of June. ...
  • Academics back BP's fight to cap oil spill payouts
    By Andrew Callus LONDON (Reuters) - A group of accountancy professors is backing BP's fight to cap the U.S. oil spill compensation payouts it has to fund as the cash outflow threatens to add billions of dollars to its bill for the disaster. The news comes after the payouts administrator, Patrick Juneau, predicted that over 200,000 claims may be made in total by businesses and individuals under a settlement BP agreed last year - a level that could result in a charge against the oil company's profits as early as next year. ...
  • HSBC Chairman urges acceleration of bank reform
    By Steve Slater and Matt Scuffham LONDON (Reuters) - HSBC's Chairman Douglas Flint called for an acceleration in the speed of reform within the industry as the bank was criticized by shareholders for compliance failings and accusations it aided tax avoidance. Flint told around 400 shareholders at the bank's annual meeting that the fallout from recent scandals had created a "once-in-a-generation" opportunity to reform banking and the broader financial industry. "As a first priority we need to speed up the reform process. ...
  • Analysis: German economy to pick up but fall short of traditional pace
    By Sarah Marsh BERLIN (Reuters) - Germany's economy will recover from a bout of winter weakness but fall well short of the dynamic growth rates of previous years as euro zone recession and global slowdown stunt exports and investment. There are homegrown problems too. What hue of government will result from September elections is injecting uncertainty and foreign investors cite worries about over-regulation and Germany's future energy mix after Chancellor Angela Merkel turned her back on nuclear power. ...
  • P&G CEO switch will not lead to big strategy change: CFO
    (Reuters) - Procter & Gamble Co said on Friday the surprise return of A.G. Lafley as chairman and chief executive was not an indication of any bigger problems at the world's largest consumer products maker. Lafley replaces Bob McDonald, effective immediately, at P&G, which is in the midst of a major restructuring. Shares of P&G were up nearly 4 percent at $81.81 on Friday after rising as high as $82.35. "This change very simply reflects Bob McDonald's decision to retire and the board's view that A.G. ...
  • China solar companies shun home market in pursuit of margins
    By Swetha Gopinath and Thyagaraju Adinarayan (Reuters) - Chinese solar panel makers are shunning their overcrowded home market in favor of lucrative exports, a switch that has helped to arrest a two-year slump in margins and push shares to 12-month peaks. Manufacturers such as JA Solar Holdings Co Ltd and ReneSola Ltd , reliant on low-margin Chinese sales after trade wars with the United States and Europe, are pushing into Japan and emerging economies where solar panel demand is rising. ...
  • EU risks "too big to cooperate" bank supervision
    By Martin Santa and Huw Jones BRUSSELS/LONDON (Reuters) - The role of the European Banking Authority must be beefed up beyond current plans to ensure that regulation of Europe's banks does not fragment into two competing systems, one of the architects of the reforms told a public hearing on Friday. Jacques de Larosiere, former head of the Bank of France and IMF, said the European Central Bank's role in a European Banking Union to supervise euro zone lenders risked creating a "duopoly" that would split the bloc's single market next year. ...

• Recent Posts

  • Obama tells Naval Academy grads sexual assaults threaten military
  • UK arrests 2 men over incident with Pakistan plane
  • Taliban attack U.N. compound in Kabul
  • British police arrest two men for ‘endangerment of an aircraft
  • Blasts, shooting in center of Afghan capital

• Blogroll

  • WordPress.com
  • WordPress.org

•  

  February 2012

  M	T	W	T	F	S	S
  « Jan				Mar »
  		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

• Meta

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

• Breaking News

  • Durable goods orders point to factory resilience
    By Jason Lange WASHINGTON (Reuters) - Orders for long-lasting U.S. manufactured goods rose more than expected in April, a hopeful sign that a sharp slowdown in factory output could soon run its course. New orders for durable goods, which range from toasters to aircraft, increased 3.3 percent last month, the Commerce Department said on Friday. The data was the latest to show the U.S. economy exhibiting surprising resilience in the face of harsh fiscal austerity measures enacted this year. ...
  • Wall St. drops on uncertainty about Fed stimulus
    By Leah Schnurr NEW YORK (Reuters) - U.S. stocks fell for a third day on Friday, putting indexes on track for their first negative week since mid-April, on lingering concern the U.S. central bank may scale back its support to the economy. Trading has been choppy in the second half of the week as market participants assess the Federal Reserve's evolving stance toward markets. The Fed's stimulus measures have been instrumental in a rally that has driven U.S. stocks to record highs this year. ...
  • Insight: Luxury brands position for U.S. boom
    By Astrid Wendlandt and Phil Wahba PARIS/NEW YORK (Reuters) - Most men might balk at spending $600 on a pair of Dior sneakers but for U.S. shoppers like Ephraim, an upbeat 30-year-old, such indulgences are becoming increasingly commonplace. Ephraim is the kind of man who gives luxury goods makers high hopes that the U.S. market can fuel future growth, as China runs out of steam and demand in Europe sags. "There is a cultural shift," Ephraim says while browsing at Saks Inc's New York City flagship. "Men are becoming more fashion forward. ...
  • News Corp's publishing business to initiate stock buyback
    (Reuters) - News Corp set the distribution ratios for the spinoff of its publishing business and said the spinoff may start buying back stock right away. The board of the publishing business, which will retain the News Corp name, authorized a $500 million stock repurchase program, the company said on Friday. The new News Corp will have $2.6 billion in cash when the spinoff is completed at the end of June. ...
  • Academics back BP's fight to cap oil spill payouts
    By Andrew Callus LONDON (Reuters) - A group of accountancy professors is backing BP's fight to cap the U.S. oil spill compensation payouts it has to fund as the cash outflow threatens to add billions of dollars to its bill for the disaster. The news comes after the payouts administrator, Patrick Juneau, predicted that over 200,000 claims may be made in total by businesses and individuals under a settlement BP agreed last year - a level that could result in a charge against the oil company's profits as early as next year. ...
  • HSBC Chairman urges acceleration of bank reform
    By Steve Slater and Matt Scuffham LONDON (Reuters) - HSBC's Chairman Douglas Flint called for an acceleration in the speed of reform within the industry as the bank was criticized by shareholders for compliance failings and accusations it aided tax avoidance. Flint told around 400 shareholders at the bank's annual meeting that the fallout from recent scandals had created a "once-in-a-generation" opportunity to reform banking and the broader financial industry. "As a first priority we need to speed up the reform process. ...
  • Analysis: German economy to pick up but fall short of traditional pace
    By Sarah Marsh BERLIN (Reuters) - Germany's economy will recover from a bout of winter weakness but fall well short of the dynamic growth rates of previous years as euro zone recession and global slowdown stunt exports and investment. There are homegrown problems too. What hue of government will result from September elections is injecting uncertainty and foreign investors cite worries about over-regulation and Germany's future energy mix after Chancellor Angela Merkel turned her back on nuclear power. ...
  • P&G CEO switch will not lead to big strategy change: CFO
    (Reuters) - Procter & Gamble Co said on Friday the surprise return of A.G. Lafley as chairman and chief executive was not an indication of any bigger problems at the world's largest consumer products maker. Lafley replaces Bob McDonald, effective immediately, at P&G, which is in the midst of a major restructuring. Shares of P&G were up nearly 4 percent at $81.81 on Friday after rising as high as $82.35. "This change very simply reflects Bob McDonald's decision to retire and the board's view that A.G. ...
  • China solar companies shun home market in pursuit of margins
    By Swetha Gopinath and Thyagaraju Adinarayan (Reuters) - Chinese solar panel makers are shunning their overcrowded home market in favor of lucrative exports, a switch that has helped to arrest a two-year slump in margins and push shares to 12-month peaks. Manufacturers such as JA Solar Holdings Co Ltd and ReneSola Ltd , reliant on low-margin Chinese sales after trade wars with the United States and Europe, are pushing into Japan and emerging economies where solar panel demand is rising. ...
  • EU risks "too big to cooperate" bank supervision
    By Martin Santa and Huw Jones BRUSSELS/LONDON (Reuters) - The role of the European Banking Authority must be beefed up beyond current plans to ensure that regulation of Europe's banks does not fragment into two competing systems, one of the architects of the reforms told a public hearing on Friday. Jacques de Larosiere, former head of the Bank of France and IMF, said the European Central Bank's role in a European Banking Union to supervise euro zone lenders risked creating a "duopoly" that would split the bloc's single market next year. ...

Archive for February 16th, 2012

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