GLOBAL MARKETS

Growth Worries Hobble Stocks; Swiss Franc Slips

Swiss Franc banknotes of several values lie on a table before being sorted in a money counter in a Bank in Zurich
European equities followed Asian stocks lower Thursday as investors fretting about the global growth outlook cut exposure to riskier assets, while the Swiss franc fell on talk the central bank was intervening in the forwards market.
A Swiss National Bank logo is pictured on the SNB building in Bern

Asian Stocks Fall, Swiss Franc Holds

Asian stocks fell Thursday on profit-taking by nervous investors, while the Swiss franc stayed firm after plans to curb the currency disappointed those looking for more drastic action.
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People ride their bikes past Google Inc. headquarters in Mountain View

Google-Motorola Deal: Implications for Apple, RIM, Microsoft

Google Inc. has agreed to buy Motorola Mobility Holdings Inc. for $12.5 billion or $40 a share in cash, valuing each essential patent at about $20 million, to defend its Android ecosystem. RBC Capital Markets said the deal value of $12.5 billion equates to 0.7 times trailing twelve months (TTM) of equity value-to-sales.
GOP

Will Moody?s Downgrade US ?AAA? Rating?

Following Fitch?s affirmation of ?AAA? rating to U.S. debt, which was in sharp contrast to S&P?s downgrade, the focus now turns to whether Moody?s will retain top rating for the US.
Man has his picture taken in front of Google Inc. headquarters in Mountain View

Google-Motorola Deal: Implications on Smartphone Sector

Google Inc. has agreed to buy Motorola Mobility Holdings Inc. for $12.5 billion or $40 a share in cash to defend its Android ecosystem. Rising IP threats to Android from Microsoft Corp. and Apple Inc. were the primary driver of the acquisition, RBC Capital Markets said.
People ride their bikes past Google Inc. headquarters in Mountain View

Google-Motorola Mobility Deal May Benefit Google TV

Google Inc. (NASDAQ:GOOG) has agreed to buy Motorola Mobility Holdings Inc. (NYSE:MMI) for $12.5 billion or $40 a share in cash, valuing each essential at about $20 million, to defend its Android ecosystem. The acquisition may also benefit Google TV, Jefferies said in a note.
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European Markets Fall after Disappointing Summit

European stocks fell early Wednesday, resuming their slide as a meeting between German Chancellor Angela Merkel and French President Nicolas Sarkozy failed to calm worries over the euro zone debt crisis.
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Euro and Tech Stocks Lose Ground in Asia

The euro wobbled Wednesday after French and German leaders failed to deliver a solution to the euro zone debt crisis and restore confidence after a global market rout, while Japanese shares fell, dragged down mainly by hi-tech.
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Brent Crude Rises on Encouraging U.S. Figures

Brent crude rose Wednesday, staying above $109 a barrel as a larger-than-expected drawdown in U.S. gasoline stocks and positive U.S. economic data trumped concerns over European debt
One kilogram gold bars are seen in this picture illustration

Gold Sets Record High: Three Reasons Why

The price of gold notched a record Tuesday because three confidence-draining forces hit Wall Street simultaneously just as investors were dipping their toes back into the stock market.
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Top 5 Fund Managers

In the midst of the economic slowdown, half the assets managed by the world's largest fund managers are now pension fund assets.
South African rands

SAfrica's rand falls 2 pct, stocks snap 4 days of gains

South Africa's rand fell as much as 1.9 percent against the dollar on Tuesday, weighed down by a weak growth outlook for the country's main trading partner bloc and showing the worst performance among its emerging market peers.
Niger

Nigerian inflation falls to more than 3-year low

Nigeria's headline inflation unexpectedly fell in July, data showed, reaching its lowest level for more than three years following an aggressive period of monetary tightening by the central bank.

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