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World stocks still weak but Europe rebounds

World equities were generally weaker on Thursday, adding to five sessions of losses, although Europe rebounded after recent hits over some of the region's more vulnerable economies.

Hawkish Asia rate views hurt bonds; stocks down

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Government bonds in Australia and South Korea fell on Thursday as investors pushed forward expectations for interest rate rises in 2010 because of bullish growth views, while Asian stocks slid on year-end profit taking.

Citi could sell $20 billion of shares soon: report

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Citigroup Inc plans to pay back TARP by raising money in an equity offering that could be announced as early as Thursday and could be some $20 billion, television network CNBC reported, citing sources.
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Hedge funds tip-toe toward an uncertain future

It wasn't too long ago big-time hedge fund managers like James Pallotta were erecting monuments to themselves. In Pallotta's case, it was a $21 million Georgian-style mansion he built in 2007 in Weston, a leafy Boston suburb uncomfortable with such displays of wealth.
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Wholesale inventories, mortgage demand rise

U.S. wholesalers started restocking in October for the first time in more than a year, suggesting the economy could get a lift as a long-running effort by businesses to pare inventories reaches an end.
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U.S. wholesale inventories, mortgage demand rise

U.S. wholesalers started restocking in October for the first time in more than a year, suggesting the economy could get a lift as a long-running effort by businesses to pare inventories reaches an end.
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BofA finishes TARP repayment

Bank of America Corp fully repaid the U.S. government the $45 billion in aid it took during the height of the financial crisis, the company said on Wednesday.
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DEALTALK-General Growth attractive but not an easy buy

The bankruptcy of General Growth Properties (GGWPQ.PK) has created a once-in-a-lifetime opportunity for suitors, but as they circle the No. 2 U.S. mall owner they are likely to find consummating a deal is not easy.
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Cisco's strategy chief emerges as CEO contender

When Ned Hooper joined Cisco Systems Inc (CSCO.O) after the company he worked for was bought by the U.S. network equipment giant, he didn't think he would stay beyond an initial two-year commitment.
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Sempra may sell out of RBS commods venture-sources

Sempra Energy (SRE.N) may join Royal Bank of Scotland Group Plc (RBS.L) in selling off their entire joint commodities business, offering quick entry into a lucrative market with a diverse, global trading book.
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Citi could sell $20 bln of shares soon: report

Citigroup Inc plans to pay back TARP by raising money in an equity offering that could be announced as early as Thursday and could be some $20 billion, television network CNBC reported, citing sources.
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U.S. favors early action on climate-friendly trade

The United States supports taking early action to liberalize trade in products that reduce greenhouse gas emissions and believes that could spur progress in broader world trade talks on environmental goods and services, a U.S. trade official said on Wednesday.
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Bank executive searches soaring: Korn/Ferry CEO

Demand for executive talent at Wall Street firms has rebounded strongly, and the coming bonus season may see an exodus to overseas rivals that have no limits on pay, the CEO of the world's largest executive search firm, Korn/Ferry International Inc (KFY.N), said
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Era of meanness, greed drawing to end: GE's Immelt

The United States stands at the end of a generation when greed drove leaders and rewards became perverted, General Electric Co Chief Executive Jeff Immelt said in a speech at West Point on Wednesday.
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U.S. sees robust climate talks, no reparations

President Barack Obama's top aides promised on Wednesday robust negotiations toward a global climate change deal this month, but firmly stated the United States does not owe the world reparations for centuries of carbon pollution
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Daily Forecast - 10/12/2009

The Australian Dollar opens marginally higher today at 0.9060 after another bout of risk aversion saw the unit trade as low as 0.9017 during Asian trade on Wednesday.

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