Fiscal issues hit euro, sterling; stocks flat LONDON (Reuters) - Concerns over Europe's fiscal problems hit the euro and sterling on Wednesday, while world stocks hovered near their recent six-week highs, though they were still up 66 percent from a low hit one year ago.
Wed, 10 Mar 2010 04:30:18 -0500 Tentative tone takes hold as investors seek direction Global Markets Overview: FTSE All-World index remains becalmed near six-week highs, with stock investors reluctant to push riskier assets higher without a fresh catalyst
Wed, 10 Mar 2010 08:41:23 GMT China plans new trade office as global disputes grow: sources BEIJING/GENEVA (Reuters) - China is setting up a new agency to help streamline its trade negotiating bureaucracy as the world's third-largest economy faces a growing number of commercial disputes.
Wed, 10 Mar 2010 03:25:29 -0500 Oil slips for 2nd day before U.S. inventories SINGAPORE (Reuters) - Oil fell toward $81 a barrel on Wednesday in volatile trade as expectations for a gain in U.S. crude stockpiles offset surging Chinese imports.
Wed, 10 Mar 2010 02:59:04 -0500 China's Geely secures financing to buy Volvo: report STOCKHOLM (Reuters) - The parent of China's Geely Automobile has secured financing to buy Ford-owned Volvo cars for about 15 billion Swedish crowns ($2.10 billion), a Swedish business daily reported on Wednesday.
Wed, 10 Mar 2010 02:40:26 -0500 Strong China trade data make case for firmer yuan BEIJING (Reuters) - Chinese exports and imports grew faster than expected in February, underlining the momentum behind the world's third-largest economy and reinforcing the case for a rise in the yuan.
Wed, 10 Mar 2010 02:27:24 -0500 Swiss Re sees $4-$7 billion insurance losses from quake ZURICH (Reuters) - Swiss Re said on Wednesday the insurance sector stood to lose $4-$7 billion from the earthquake in Chile, a sum unlikely to bring the long hoped-for increase in reinsurance prices.
Wed, 10 Mar 2010 01:37:46 -0500 AIG devises new formula for employee bonuses: report (Reuters) - American International Group Inc has formulated a new "forced ranking" system to determine bonuses and rate employee performance, Wall Street Journal said, citing people familiar with the matter.
Wed, 10 Mar 2010 00:56:59 -0500 Economists trim 2011 U.S. growth forecast WASHINGTON (Reuters) - U.S. economists raised their forecast for economic growth in 2010 in March, the third straight monthly rise, while trimming their growth forecast for 2011, according to a survey released on Wednesday.
Wed, 10 Mar 2010 00:40:59 -0500 China export growth beats estimates Chinese exports rose 45.7 per cent in February from the same month a year earlier, beating forecasts and providing fresh evidence of a robust recovery in an economy poised to overtake Japan