Japanese stocks likely to remain firm this week
TOKYO: TOKYO stocks are likely to remain firm this week after hitting an 11-week high as pessimism over the European debt crisis and the global economy has receded for now, brokers said last Friday……
Trial for accused fraudster Stanford opens today
HOUSTON: The trial of the fallen financier and cricket mogul Allen Stanford will begin with jury selection today, almost three years since he was charged with running a US$7bil Ponzi scheme……
Greece creditors leave Athens, talks to resume
LONDON: The representatives of Greeces private creditors left Athens unexpectedly on Saturday without a deal on a debt swap plan that is vital to avert a disorderly default, sources close to the negotiations told Reuters ……
G20 wants extra steps
MEXICO CITY: Group of 20 (G-20) nations have agreed to push Europe to take extra steps to resolve the debt crisis as they inch toward a deal to boost the International Monetary Funds (IMF) firepower……
M’sian hotel among top 10 rooftop pools
NEW YORK (Reuters) – It’s cold and gloomy for the parts of the planet experiencing winter, so what better time to consider a rooftop pool for catching a few rays now or to put in the plans for your next sunny holiday. To help you select a suitably ch…..
Sudan to unveil pipeline plans next week
JUBA/BEIJING, Jan 21 (Reuters) – South Sudan will announce plans for an oil export pipeline through East Africa next week, a priority for the new nation because its crude is “”no longer safe”" in Sudan, a government spokesman said on Saturday. Oil fi…..
India PEC buys 23,400 T refined palmolein at $1,057/T
NEW DELHI, Jan 20 (Reuters) – India’s state-owned PEC Ltd has bought 23,400 tonnes of refined palmolein at $1,057 per tonne for delivery in February on the south coast, two trade sources said on Friday……
Olympus jumps 7% after Tokyo bourse keeps it listed
TOKYO (Reuters) – Shares of scandal-hit Olympus Corp jumped more than 7 percent in heavy trade early on Monday after the Tokyo bourse kept the company listed, but placed it on its “”security on alert”" list for firms needing to urgently improve their…..
Euro zone finance ministers to rule on glacial Greek debt talks
BRUSSELS/ATHENS (Reuters) – Euro zone finance ministers will decide on Monday what terms of a Greek debt restructuring they are ready to accept as part of a second bailout package for Athens after negotiators for private creditors said they could not…..
Bernanke near inflation target prize, but jobs a concern
WASHINGTON (Reuters) – The Federal Reserve could take the historic step this week of announcing an explicit target for inflation, a move that would fulfill a multi-year quest of the central bank’s chairman, Ben Bernanke……
Turkey warns France again on genocide vote
ISTANBUL (Reuters) – Turkey has again warned France to reject a bill making it illegal to deny the 1915 mass killing of Armenians by Ottoman Turks amounted to genocide, due for a vote Monday, Turkish media said Sunday……
Lost decade of growth for the West
(Reuters) – Five years after the credit crisis began, Western economies are confronting the prospect of a lost decade of growth, and international diplomats are warning the damage could get even worse if Europe allows its sovereign debt crisis to fes…..
Croatia votes to join EU in 2013
ZAGREB (Reuters) – Croatia voted Sunday in favor of joining the European Union in 2013, shrugging off concerns over the economic turmoil in the bloc, according to preliminary official results of a referendum……
Strong start for US stocks, but what’s changed?
NEW YORK (Reuters) – Stocks rising, bulls rampant are motifs you might pick if designing a coat of arms for Wall Street at the moment. But the motto should read: Caveat emptor. Yes, buyer beware……
French would-be president Hollande slams world of finance
PARIS (Reuters) – Socialist challenger Francois Hollande, front-runner in the race to unseat French President Nicolas Sarkozy, declared war on the world of finance Sunday in a keynote speech to 25,000 supporters three months before the presidential e…..
JGB market sentiment worsens as debt fears ease
TOKYO, Jan 23 (Reuters) Sentiment in the Japanese government bond market has worsened as decent debt auctions in Europe and signs of recovery in the U.S. economy draw investors towards riskier assets, a Reuters weekly survey showed on Monday……
Megaupload kingpin tells NZ court he is innocent
AUCKLAND, Jan 23 (Reuters) The founder of online filesharing website Megaupload argued in a New Zealand court on Monday he was innocent on charges of internet piracy and money laundering and said authorities were trying to portray the blackest pictur…..
Tokyo Elec may spin off fossil fuel plants
TOKYO, Jan 23 (Reuters) Tokyo Electric Power Co and Japan’s government are considering spinning off the fossil fuelfired power generation business of the operator of the crippled Fukushima Daiichi nuclear plant, the Nikkei business daily said on Mond…..
UK firms wake up to 2012 Olympics
LONDON, Jan 23 (Reuters) British businesses are beginning to regard this summer’s London Olympics as an economic opportunity, but many have yet to resolve how they would cope with an unexpected incident such as a security threat, a survey said on Mon…..
UK dividends hit record high in 2011 Capita
LONDON, Jan 23 (Reuters) British companies handed out record dividends in 2011 and will pay 11 percent more this year, with mobile phone group Vodafone expected to deliver the most generous payout……
Australia’s LNG boom fizzles as costs, competition bite
PERTH, Jan 20 (Reuters) Just a few years after it started, Australia’s liquefied natural gas bonanza may be drawing to a close, throttled by swelling costs, tightening credit and mounting foreign competition to supply Asian buyers……
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