![]() Business Recorder | Asia Stocks Climb on US Jobs Data; Euro Drops on Debt Concern BusinessWeek By Lynn Thomasson and Masaki Kondo Feb. 6 (Bloomberg) -- Asian stocks extended last week's rally as consumer companies led gains after higher-than-expected US jobs growth. The euro weakened against most of its 16 major peers as Greek leaders worked on ... Asia Stocks Climb on U.S. Jobs Data; Euro Drops on Debt Concern Euro down amid jitters over Greek debt talks Stocks rise as US jobs gain outweighs fears |
China May See Deeper Economic Slowdown If Europe Crisis Worsens, IMF Says Bloomberg China's economic expansion would be cut almost in half if Europe's debt crisis worsens, a scenario that would warrant “significant” fiscal stimulus from the nation's government, the International Monetary Fund said. Based on the IMF's “downside” ... IMF Cuts China 2012 Economic Growth Forecast To 8.25% IMF Cuts 2012 China Economic Growth To 8.25% From 9.0% Previously |
![]() Newsday | Foreclosure Deal Deadline Arrives as States Consider Releases Bloomberg States that balked at bank liability releases in a proposed $25 billion nationwide settlement over foreclosure practices must decide by today whether its mortgage relief and reforms are worth the legal claims they'll give up. Foreclosure Deal Gets Closer NY Attorney General Slaps Fresh Mortgage Lawsuits On BofA, JPMorgan, Wells Fargo New York sues Reston firm over foreclosure documents |
Stocks: Let The Good Times Roll? KITV Honolulu NEW YORK (CNNMoney) -- Stocks surged last week to their highest levels in years, but there are few key economic reports slated for the week ahead to sustain the rally. The big news last week was Friday's report from the US Labor Department, ... |
![]() Globe and Mail | Europe Leaders Maintain Pressure on Greece to Complete Deal San Francisco Chronicle (Adds euro in sixth paragraph. See EXT4 for more on the euro-area financial crisis.) Feb. 6 (Bloomberg) -- European leaders maintained pressure on Greece to accept terms demanded by international lenders during a weekend of talks to avert a financial ... Greek parties face Monday EU bailout deadline Talks on Greece bailout to resume Greek Party Leaders To Resume Talks On Loan Deal Monday |
![]() Bloomberg | China bars its airlines from paying EU carbon tax, ratcheting up global dispute Washington Post BEIJING — China announced Monday it will prohibit its airlines from paying European Union charges on carbon emissions, ratcheting up a global dispute over the cost of combatting climate change. The charges are aimed at curbing emissions of ... China Bans Airlines From Joining EU Aviation Emissions System China bars airlines from EU tax plan China bars its airlines from paying EU carbon tax |
![]() CNBC.com | Bank of China Shares Rise on Dividend Savings: Hong Kong Mover BusinessWeek By Bloomberg News Feb. 6 (Bloomberg) -- Bank of China Ltd. led Chinese banking shares higher in Hong Kong after their state-backed shareholder allowed the nation's biggest lenders to cut dividend payouts, shoring up capital while avoiding share sales. China Addressing Capital Crunch Facing Banks: Analysts China Money-Market Rate Increases as Central Bank Gauges Demand for Bills China Overseas Mulls Dollar Bond Sale; Roadshows Start Tuesday - Source |
![]() Bloomberg | KT Corp Fourth-Quarter Profit Rises, Helped by One-Time Gain BusinessWeek By Jun Yang Feb. 6 (Bloomberg) -- KT Corp., South Korea's largest phone and Internet company, reported a 13 percent increase in fourth- quarter profit as a one-time gain masked higher costs and falling sales from phone calls. KT Corp's Net Profit Rises KT Q4 Profit Rises; Sees Lower Sales In FY12 - Update KT Fourth-Quarter Profit Misses Estimates on South Korea Tariff Cut, Costs |
![]() New York Times (blog) | Greece Between Default and “the Explosion of Revolution” New York Times (blog) By MARCUS MABRY | February 6, 2012, 12:01 am Orestis Panagiotou/European Pressphoto AgencyMembers of the Communist Party of Greece-affiliated labor organization protested in Athens on Saturday. PARIS — Market watchers are anxiously awaiting the opening ... Most Germans want Greece to quit euro -poll Germans want Greece's exit: Poll Back to the Drachma: Time to Let Greece Be Greece |
![]() New York Times | Glencore offers 8 percent premium to Xstrata to seal merger: FT Reuters (Reuters) - Commodities trader Glencore International (GLEN.L) is set to offer a bigger-than-expected premium to seal its proposed $88 billion merger with global miner Xstrata Plc (XTA.L), the Financial Times reported on Monday. Robinson Says Xstrata-Glencore Merger `Good for Both' Glencore Said to Be Near Xstrata Agreement Glencore Debt Shows Merger Will Reduce Rates: Corporate Finance |