Reuters: Business News

What might make the Fed flinch?

Sun, 05 Sep 2010 15:54:49 -0400

WASHINGTON (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.

IMF's Lipsky says moderate world recovery underway

Sun, 05 Sep 2010 01:07:07 -0400

GWANGJU, South Korea (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.

Stocks rally as jobs data spurs optimism

Fri, 03 Sep 2010 20:07:23 -0400

NEW YORK (Reuters) - Wall Street closed a stellar week on Friday after recent economic data, including a stronger-than-expected labor market report, bolstered optimism that the economy would not fall back into recession.

Venezuela OKs payment for French retailer Casino

Sat, 04 Sep 2010 17:09:56 -0400

CARACAS (Reuters) - Venezuelan President Hugo Chavez has approved a $690 million payment to French retailer Casino and other owners of a supermarket chain nationalized earlier this year, state media said on Saturday.

Taxpayers may face initial loss on GM IPO: sources

Sun, 05 Sep 2010 11:00:05 -0400

NEW YORK/DETROIT (Reuters) - The U.S. government is likely to take a loss on General Motors Co in the first offering of the automaker's stock, six people familiar with preparations for the landmark IPO said.

China tells state companies to explore Potash bid

Fri, 03 Sep 2010 23:09:42 -0400

TORONTO/HONG KONG (Reuters) - Chinese officials have ordered state companies to meet investment bankers to explore ways to block BHP Billiton's $39 billion bid for Potash Corp, a source with direct knowledge of the matter said.

Obama says his economic policies halted "bleeding"

Sat, 04 Sep 2010 22:12:06 -0400

WASHINGTON (Reuters) - President Barack Obama, previewing a big push on the U.S. economy next week, on Saturday defended policies that he said "have stopped the bleeding" and put the middle class on the road to recovery.

Anglo Irish Bank to be "decommissioned": minister

Sat, 04 Sep 2010 06:32:16 -0400

DUBLIN (Reuters) - Nationalized Anglo Irish Bank will be "decommissioned," with a decision on its fate expected within a few weeks, a junior government minister was quoted on Saturday as saying.

Debt levels should fall after pre-crisis jump: BIS

Sun, 05 Sep 2010 15:03:17 -0400

LONDON (Reuters) - Debt levels that ran up ahead of the financial crisis have shown only a modest decline since and are likely to fall sharply in the coming years, a study said.

Japan Noda warns on yen, suggests joint steps difficult

Sat, 04 Sep 2010 07:15:40 -0400

TOKYO (Reuters) - Japanese Finance Minister Yoshihiko Noda said on Saturday Tokyo would take decisive steps to stem the yen's rise when needed, while suggesting that coordinated currency market intervention was a difficult option.