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European shares up, led by banks, but utilities fall

European share indexes rose on Monday as remarks by executives of Barclays and Deutsche Bank eased fears of losses from the recent credit market turmoil, but utilities fell after news of a big French merger.

Dollar steady at start of busy US data week

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The dollar steadied versus the euro and yen on Monday at the start of a busy week for U.S. data which should shed light on the extent to which the credit markets turmoil is taking a toll on growth.
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Asian Stocks cool off after rally, yen subdued

Asian stock markets took a breather on Monday with Tokyo's Nikkei slipping on fresh concerns about the economy, and the yen traded in a small range in a session likely to be dulled by the U.S. Labor Day holiday.
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Honda exec sees 3 percent rise in 2007 U.S. sales

Honda Motor Co Ltd is on track for a 3 percent increase in U.S. sales in 2007, an executive said on Friday, but he also called on the Federal Reserve to cut interest rates to boost consumer confidence.
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Anxiety remains even after stock rebound

Stock markets ended one of the most volatile months in years on an impressive note, but this coming week still won't be any easier for investors as the employment report and housing turmoil remain high on radar screens.
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Bush and Bernanke spur rally on Wall Street

U.S. stocks surged on Friday as President Bush and Federal Reserve Chairman Ben Bernanke reassured investors they would do what was needed to shelter the economy from market turmoil. Banks and brokers, which have borne the brunt of the recent credit crisis, rose in thin trading before a long holiday weekend.
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Gold rises with stocks after Bush, Bernanke speak

Gold rose on Friday, aided by firm stocks and a strike at a gold mine, as speeches by U.S. President George W. Bush and Federal Reserve Chairman Ben Bernanke calmed financial markets ahead of the three-day U.S. Labor Day holiday weekend.
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Bush, Bernanke launch twin subprime assault

The Federal Reserve on Friday reassured investors it would take any steps needed to shelter the U.S. economy from a global credit squeeze, while President George W. Bush promised to help struggling homeowners refinance their mortgages. Chairman Ben Bernanke also said the central bank would not bail out investors who had made mistakes.
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Oil rises on storm worries

Oil rose on Friday as investors kept watch on a gathering storm in the Atlantic Ocean that renewed concern of possible damage to offshore oil rigs this hurricane season.
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U.S. moves to fine wireless carriers over 911 service

U.S. regulators said on Thursday they had proposed penalizing three wireless carriers which the government says failed to meet new stricter standards for being able to locate cellular telephone callers in an emergency.
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NXP to ship phone chips to Samsung

NXP will start shipping its single-chip solution for ultra-low-cost phones to Samsung from the fourth quarter of this year, Chief Executive Frans van Houten told Reuters on Friday.
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Justice Dept and states differ on Microsoft

A group of state attorneys general said on Thursday that the consent decree that settled the landmark antitrust case against Microsoft Corp has failed to reduce the company's monopoly, disagreeing with the assessment of U.S. antitrust officials.
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Google News in licensing deals with wire services

Google Inc is giving more credit to the original reporting of news agencies like the Associated Press while setting the stage to generate advertising revenue from Google News, the company said on Friday.
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L'Oreal CEO confident on 2007 despite U.S. slowdown

L'Oreal said on Friday it was confident on the outlook for 2007, despite signs of a slowdown in the United States, thanks to booming demand in new markets and the launch of new brands like Sanoflore and Diesel.
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McGraw-Hill replaces president of Standard & Poor's

Publisher McGraw-Hill Cos Inc is replacing the president of Standard & Poor's, the company's financial services division, effective immediately, amid questions about the role of credit-rating agencies in the subprime mortgage crisis.
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Bush proposes steps to deal with mortgage crisis

President George W. Bush on Friday tried to calm financial market turmoil from the credit crisis by announcing proposals intended to prevent homeowners from defaulting on risky mortgages. In trying to soothe those worries, Bush said the U.S. economy was healthy enough to weather the credit crisis and that the subprime market problems represented only a modest part of the economy.
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U.S. inflation slows as prices stabilize

Core U.S. consumer prices rose by a less-than-expected 0.1 percent in July, showing stable prices that held the year-on-year rate of nonfood, nonenergy inflation to 1.9 percent for the second month in a row, the Commerce Department said on Friday.
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India announces panel to study nuclear deal

The Indian government said on Thursday it had decided to form a panel to study a controversial nuclear deal with the United States, taking into account objections from communist parties who shore up the coalition.
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Nikkei up on Bush subprime action hopes

The Nikkei rose 2.6 percent on Friday as news that President George W. Bush will outline reforms to help homeowners with subprime mortgages sparked broad-based buying, and Dell Inc's earnings lifted high-tech stocks.
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Stock index futures rise ahead Bernanke, Bush

U.S. stock index futures pointed to a firmer opening on Friday, with all eyes on speeches by Federal Reserve Chairman Ben Bernanke and President George W. Bush, both expected by analysts to touch on the U.S. subprime crisis.
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Stocks rally on hopes of U.S. subprime action

World stocks surged on Friday on hopes the U.S. government and central bank will act to alleviate a crisis in subprime, or poor credit quality, U.S. mortgages and ease a global bank lending squeeze the problem has triggered.
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China uncovers worms, substandard goods from U.S.

China has found microscopic worms in wooden packaging from the United States and uncovered substandard U.S. vitamin pills and fish oil for children, Chinese media said on Friday in the latest volley of cross-border accusations.

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