World News Center

What might make the Fed flinch? (Reuters)

September 6, 2010

Reuters - The U.S. economy appears to be trudging along, neither booming nor busting, growing steadily enough to diminish double-dip recession fears but not quickly enough to bring down unemployment.

Obama launches big week on economy (Reuters)

September 6, 2010

Reuters - President Barack Obama launches several economic initiatives this week aimed at generating some desperately needed U.S. job growth and limiting predicted Democratic losses in November 2 congressional elections.

Australia's Macquarie warns on profit (Reuters)

September 6, 2010

Reuters - Australia's top investment bank Macquarie Group Ltd warned investors it would miss profit forecasts after weak markets took a toll on its trading and advisory business, sending its shares to a 15-month low.

IMF's Lipsky says moderate world recovery underway (Reuters)

September 6, 2010

Reuters - The world economy is recovering moderately but still faces challenges such as the need for medium-term fiscal consolidation, the IMF's First Managing Director, John Lipsky, said on Sunday.

Hon Hai shares fall after reports on sales target cut (Reuters)

September 6, 2010

Reuters - Shares in Hon Hai Group (2317.TW), maker of Apple's iPhones, fell as much as 4 percent on Monday after its chairman was quoted as saying in a report that the group will halve its long-term sales growth target to 15 percent annually.

"Quote stuffing" a focus in flash crash probe (Reuters)

September 6, 2010

Reuters - U.S. regulators probing the May flash crash are focusing on a trading practice known as "quote stuffing", in which large numbers of rapid-fire orders to buy or sell stocks are placed and canceled almost immediately.

Obama to address new economic ideas next Wednesday (Reuters)

September 6, 2010

Reuters - President Barack Obama said on Friday he would outline new measures next week to boost the U.S. economy, but analysts were skeptical he would be able to deliver a big enough package to lift growth significantly.

Campbell reports Q4 profit rise on better margins (AP)

September 6, 2010

AP - Summer is rarely a hot sales season for Campbell Soup Co., and this year's sweltering June and July made that even more true, but the company said Friday that cost-cutting and strong drink sales helped its net income climb.

Trichet calls for united EU at the IMF (AFP)

September 6, 2010

AFP - European Central Bank chief Jean-Claude Trichet called Saturday for Europe to hold a united position on refomin the International Monetary Fund.

Petrobras sells 64 bln dlrs of stock to fund oil exploration (AFP)

September 6, 2010

AFP - Brazil's Petrobras unveiled one of the world's biggest share offerings Friday, a sale of up to 64 billion dollars in new stock to finance oil exploration aimed at turning Brazil into a leading oil exporter of the 21st century.