China industry ministry sees 2011 steel exports up 5.7 pct
China is likely to export 45 million tonnes of steel products in 2011, up 5.7 percent compared with last year, the industry ministry said on Tuesday.
SABMiller expands in China in $47 million move
SABMiller , the world's second largest brewer, moved to expand further in China on Tuesday by increasing its stakes to 100 percent in two brewers in the central Chinese province of Zhejiang for $47 million in cash.
Google Buys Daily Deal Aggregator Dealmap
Google beefs up its daily deal services.
Pre-Market NASDAQ Movers (FWLT, SIRI, CTSH, SOHU, PAAS, CTRP, ALLT, NVMI, KLIC, RYAAY)
The top pre-market NASDAQ Stock Market gainers are: Foster Wheeler AG, SIRIUS XM Radio, Cognizant Technology Solutions, Sohu.com, and Pan American Silver. The top pre-market NASDAQ Stock Market losers are: Ctrip.com International, Allot Communications, Nova Measuring Instruments, Kulicke & Soffa Industries, and Ryanair Holdings.
More news
Factory growth slows, casts shadow on U.S. economy
Manufacturing grew at its slowest pace in two years in July as new orders contracted, casting doubt on expectations the faltering recovery would quickly regain steam.
Asian stocks fall on data, US debt; eyes on yen
Asian shares fell on Tuesday on concerns about a downgrade of the United States credit rating and economic worries after sluggish data, while the yen gave some gains on jitters over the possibility of intervention by Bank of Japan.
China official paper says U.S. debt worries
The United States' debt woes still threaten the global economy despite a last-minute deal struck by Congress, China's main official newspaper said on Tuesday, nonetheless adding there was no short-term escape from the dominance of the dollar.
HSBC Layoffs: Did Goldman Sachs Start the Trend?
On Monday HSBC announced intentions to lay off 30,000 employees by 2013, a move that Goldman Sachs indirectly caused, says one professor.
S.Africa's bond yields hit multi-month lows, rand weakens
South Africa's rand fell against the dollar on Monday as a set of weak international manufacturing data reawakened worries about the global economy, prompting investors to go for traditional safe-haven trades.
S.Africa's PMI falls to two-year low of 44.2 in July
South Africa's Purchasing Managers' Index (PMI) fell for the fourth straight month to a seasonally adjusted 44.2 in July from 53.9 in June, sponsor Kagiso Securities said on Monday.
Europe woes could hit S.Africa bonds, raise
The debt crisis in Europe, which holds around 35 percent of South African government debt, could hit local bonds if it worsens, pushing yields higher than expected, Treasury Director-General Lungisa Fuzile said on Monday.
On target inflation components prompt Kenya rate hold: cbank
Kenya's monetary policy committee decided to leave its key lending rate unchanged because non-food and fuel inflation were within its target band, its chairman, who is also the governor of the central bank, said on Monday.
Glencore Charters Supertanker to Store Gas Oil -industry sources
Glencore , the world's largest diversified commodities trader, has booked a supertanker to store part of the nearly four million barrels of gas oil it purchased in July, industry sources said on Monday.
Money funds show resilience despite debt fears
Money market funds face uncharted waters if a debt deal is not reached soon in Washington, but Joe Morgan is not ready to abandon ship.
Japan's Edano: welcome US debt deal, hope stabilises mkts
Japan's top government spokesman welcomed the U.S. debt ceiling agreement on Monday and said he hoped it would stabilise markets.
After Buying 1,000 IBM Patents, Google Eyes InterDigital Licenses
After losing the bidding war over Nortel Networks patents, Google Inc. (NASDAQ: GOOG) has purchased more than 1,000 technology patents from International Business Machines Corp. (NYSE: IBM).
Patent War: Google Buys Over 1,000 IBM Charter
Google Inc. (NASDAQ: GOOG) has acquired more than 1,000 technology patents from International Business Machines Corp. (NYSE: IBM), after it lost the bidding war over more than 6,000 patent filings from Nortel Networks.
AT&T to Cut Data Speeds for Top Heavy Users
AT&T Inc. (NYSE: T) said it will reduce the data browsing speeds for the top five percent of its heaviest users on unlimited wireless data plans from October 1, in response to the explosive data usage growth and network congestion.
Top After-Market NYSE Losers (KND, SKH, FVE, BKD, XRS, SMP, OCR, SRZ, MOH, TIE)
The top after-market NYSE Losers on Friday are: Kindred Healthcare, Skilled Healthcare Group, Five Star Quality Care, Brookdale Senior Living, TAL Education, Standard Motor Products, Omnicare, Sunrise Senior Living, Molina Healthcare and Titanium Metals.
Top After-Market NYSE Gainers (DYN, UFI, ISS, OWW, TEX, CXS, MILL, GIL, HBC, WFR)
The top after-market NYSE gainers on Friday are: Dynegy, Unifi, iSoftStone Holdings, Orbitz Worldwide, Terex, Crexus Investment, Miller Petroleum, Gildan Activewear, HSBC Holdings and MEMC Electronic Materials.
As Democrats, GOP Spar, U.S. Economy Weakens
U.S. gross domestic product (GDP) rose just 1.3 percent in the second quarter and a scant, revised 0.4 percent in the first quarter -- statistics that reveal a U.S. economy that's not only growing at a very slow rate, it's in danger of falling back into a recession.
Is Israel Inc. Too Powerful?
It took a two week-long cottage cheese rebellion to get Israelis to question the power of the country's tycoons.
Fund Managers Seek Freedom Not to Sell on U.S. Downgrade
Some major bond fund managers are asking their institutional clients to consider waiving strict requirements that might force mass selling of Treasury bonds if the United States loses its AAA rating.
Pre-Market NASDAQ Movers (AHCI, SIFY, EVEP, SIMO, GPOR, YHOO, VPRT, STEC, CTCT, OCLR, DEPO)
The top pre-market NASDAQ Stock Market gainers are: Allied Healthcare International, Sify Technologies, EV Energy Partners, Silicon Motion Technology, Gulfport Energy, and Yahoo!. The top pre-market NASDAQ Stock Market losers are: Vistaprint, STEC, Constant Contact, Oclaro, and DepoMed.
Pre-market Movers on July 29 (EXPE, NWL, CERN, NBL, CHK, M, MMI, NEM, TJX, EMR)
The companies whose shares are moving in pre-market trade on Friday are: Expedia, Newell Rubbermaid, Cerner, Noble Energy, Chesapeake Energy, Macy's, Motorola Mobility Holdings, Newmont Mining, TJX Companies and Emerson Electric Co.
Airbus and Lufthansa Launch World?s First Passenger Bio-fuel Flights
Lufthansa and Airbus has launched the world's first ever daily commercial passenger flights using bio-fuel.
Top After-Market NYSE Movers (IM, CMC, IVC, KBR, RGC, RLD, MILL, MSI, EFX, AMP)
The top after-market NYSE gainers on Thursday are: Ingram Micro, Commercial Metals, Invacare, KBR and Regal Entertainment Group. The top after-market NYSE losers are: RealD, Miller Petroleum, Motorola Solutions, Equifax and Ameriprise Financial.
Strikes weigh on S.Africa's shares; bonds, rand weaken
South Africa's rand slipped on Thursday after posting strong gains this week, while bond prices fell on concerns over the U.S. debt standoff and stocks fell for the fourth straight day.
S.Africa's jobless rate rises, challenge for govt
South Africa's official jobless rate rose further in the second quarter of this year as the mining and manufacturing sectors shed jobs.
Scorpex Signs $30 Million Deal With International Environment Technologies
Scorpex has entered into a deal with IET to install and operate waste gasification equipment in Mexico.
Dollar on Front Line in Debt Ceiling Battle
Fear the United States will lose its AAA credit rating or even default on its debt is driving foreigners away from U.S. assets, and the dollar is taking the biggest hit.
Gold firms a touch, eyes on debt talks
Gold firmed a touch on Thursday, lifted by concerns over a potential U.S. debt default as lawmakers in Washington argued over deficit-cutting measures, and lingering fears that the euro zone debt crisis could spread.
Visa's New Participation Fee: Analysts View
Visa Inc. (NYSE: V) will implement a new fixed acquirer fee called the "Network Participation Fee" that will apply to both credit and debit cards, in order to help the company win routing business and maintain debit volumes.
Republican debt plan faces close vote in Congress
A bill to cut the deficit faced a nail-bitingly close vote in Congress on Thursday as the top Republican lawmaker sought to quell an internal revolt and push his plan to avoid a ruinous default.
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