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Experts fear Africa pandemic from rise in smoking

Africa faces a surge in cancer deaths unless action is taken in the next decade to stem rising smoking levels in a continent where anti-tobacco laws remain rare, U.S. scientists said Wednesday.

Daily Forecast - 11/11/2009

The Australian Dollar opens steady against the greenback today at 0.9280. During local trade, the Aussie nudged a calendar-year high above US93 cents ahead of importer interest and profit taking which took the unit back down to 0.9270. Several major currencies have moved higher in recent days after the International Monetary Fund (IMF) said the U.S. Dollar was overvalued. An upbeat NAB business confidence survey also underpinned the local unit yesterday. During offshore trade, the Aussie moved b...

Daily Forecast 11/11/2009

Dollar off 15-month low as market pauses for breath

The dollar bounced off a 15-month low on Tuesday and the euro dipped below $1.50 as investors paused to assess whether the global outlook justifies a recent rally in higher-yielding currencies and assets.

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Barclays, HSBC signal bad debts may have peaked

Britain's top two banks, HSBC and Barclays , signaled bad debts may be past their peak, with HSBC declaring on Tuesday the first improvement for three years in losses on U.S. consumer credit.

Daily Outlook - Nov 10

GDP Sustainable, Says Survey; Key Target Set at Yahoo; UK Banks See Bottom

Peak oil closer than IEA forecasts show: report

The world is closer to a peak in oil supply than International Energy Agency estimates admit, UK newspaper The Guardian reported in its Tuesday edition, citing an unidentified whistleblower at the IEA.

Dollar close to 15-mth low; sterling falls on Fitch

The dollar's trade-weighted index hovered near a 15-month low on Tuesday on the view U.S. interest rates will stay low, while sterling fell after Fitch said the UK was the major economy most at risk of losing its AAA rating.

Lloyds to cut another 5,000 jobs by end of 2010

Bailed-out British lender Lloyds Banking Group is to cut a further 5,000 jobs by the end of 2010 as it continues to overhaul its operations and integrate HBOS.

Lloyds to cut another 5,000 jobs

Bailed-out British lender Lloyds Banking Group is to cut a further 5,000 jobs by the end of 2010 as it continues to overhaul its operations and integrate HBOS.

HSBC, Barclays signal bad debts may have peaked

Britain's top two banks, HSBC and Barclays, signaled bad debts may be past their peak, with HSBC declaring on Tuesday the first drop in U.S. consumer finance impairments for three years.

HSBC underlying profits up sharply, U.S. bad debts dip

Europe's biggest bank HSBC Holdings Plc said its underlying third-quarter profits were significantly ahead of a year ago and losses on U.S. consumer loans had shown their first fall in three years.

Barclays restarts dividends

Barclays Plc said strong investment banking helped limit a fall in profit in the third quarter and it expects bad debts to peak earlier than it had previously expected.

Global stocks rise as risk favored

World stocks ticked higher on Tuesday as positive reports from UK banks kept the momentum with investors who chased risky assets in anticipation countries would keep monetary policy accommodative.

Daily Forecast - 10/11/2009

The Australian Dollar opens higher against the greenback today at 0.9285. Stronger than expected local housing finance data during the local session yesterday gave the currency a boost to an intraday high of 0.9241. Home loans grew by 5.1 per cent in September to 65,505 after 2 months of slowing demand in yet another signal to markets that the Reserve Bank of Australia (RBA) may need to hike rates in the coming months. The RBA is known to be concerned about unimpeded price-growth in the resident...

Leaders hail Wall fall, vow to topple new barriers

Chancellor Angela Merkel and other leaders hailed the human courage that toppled the Berlin Wall, saying the historic events of 20 years ago showed the world could tackle new challenges, from poverty to climate change.

Trading Emissions, Leaf in merger talks

Britain's Trading Emissions and Leaf Clean Energy are in early merger talks in a move that would create the largest carbon-focused company listed in London.

FACTBOX: UK's 10 approved new nuclear power sites

The British government has approved 10 new nuclear power plant sites out of a previous 11 nominations. The new units could be built by 2025.

Britain unveils nuclear energy expansion plans

Britain set out plans Monday to speed up the planning process for big wind farms and new nuclear power plants and named 10 sites where reactors could be built.

Top Cadbury investor says Kraft needs to raise bid

A top shareholder in Cadbury said investors in the British confectionery firm would find it hard to turn down an offer of more than 8 pounds a share from U.S. suitor Kraft.

Merkel hails eastern courage at Wall anniversary

Chancellor Angela Merkel hailed the courage of easterners who helped bring down the Berlin Wall as the city celebrated the 20th anniversary of the events that marked the end of the Cold War and the beginning of a reunited Germany.

Kraft secures $9.2 bln of Cadbury financing-filing

Kraft Foods Incsaid on Monday it secured a $9.2 billion senior unsecured term loan to help finance its $16.4 billion hostile takeover bid for Britain's Cadbury Plc.

Stocks jumps as G20 says cheap money to continue

U.S. stocks jumped on Monday, extending gains from the previous week, on renewed risk-taking sentiment after the Group of 20 pledged to keep economic stimulus in place until a recovery was assured.

McDonald's October same-store sales up, U.S. slips

McDonald's Corp said sales at established U.S. restaurants fell 0.1 percent in October, as expected, but its stock ticked up 1.5 percent after sales from the rest of the world buoyed overall results.

G20 makes little progress on climate financing

Rich countries and developing nations fought over climate change on Saturday, failing to make progress on financing ahead of a major environmental summit in Copenhagen next month.

Stocks jumps on renewed risk-taking after G20

U.S. stocks jumped on Monday, extending gains from the previous week, on renewed risk-taking sentiment after the Group of 20 pledged to keep economic stimulus in place until a recovery was assured.