IBT Staff Reporter

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Economic recovery lifts world stocks

World stocks punched fresh 29-month highs on Wednesday, lifted by strong data pointing to sustained global economic recovery, continuing positive corporate earnings and easing concerns about Egypt.
Feb 02, 2011

Wall Street warned of Al-Qaeda attacks

The Federal Bureau of Investigation has reportedly warned financial institutions in New York of potential terrorist attacks by Al-Qaeda after published reports surfaced around a month back.
Feb 02, 2011

America, Canada observe Black History Month

The annual Black History Month for the year 2011 has kicked started in the United States as well as Canada. The month is dedicated to learning and celebrating facts about African diaspora and the history.
Feb 02, 2011

China to raise interest rates within month: report

China will likely raise interest rates again within the month, the New York Times reported on Wednesday, citing a forecast of economists and bankers with knowledge of the thinking of Chinese policymakers.
Feb 02, 2011

TSA tests less-intrusive body scanners

The U.S. Transportation Security Administration (TSA) has began testing privacy-enhancing software that eliminates passenger-specific images and replaces them with the generic image of a person.
Feb 02, 2011

Nomura posts jump in profit but costs weigh

Nomura Holdings <8604.T>, Japan's top brokerage, reported its biggest profit in three quarters after gains in Tokyo stocks gave a boost to revenues, but higher costs to expand overseas limited earnings growth.
Feb 02, 2011

Ex-BOJ Iwata sees prolonged deflation

Japan is unlikely to escape from deflation at least through the fiscal year ending in March 2013, prompting the Bank of Japan to stick to its ultra-loose policy, Kazumasa Iwata, former deputy governor of the central bank, said on Wednesday.
Feb 02, 2011

Ex-BOJ official Iwata sees prolonged deflation

Japan is unlikely to escape from deflation at least through the fiscal year ending in March 2013, prompting the Bank of Japan to stick to its ultra-loose policy, Kazumasa Iwata, former deputy governor of the central bank, said on Wednesday.
Feb 02, 2011

Roche sees U.S. and European reforms weighing in 2011

Swiss drugmaker Roche struck a cautious note on 2011, as the sector grapples with U.S. healthcare reforms and a push in Europe for lower drug prices, after growth of its top-seller Avastin slowed sharply in 2010.
Feb 02, 2011

Facebook overvalued at $50 bln: Bloomberg's global poll

Sixty-nine per cent of investors say Facebook is overvalued after Goldman Sachs invested $450 million in a deal that valued the company at $50 billion, according to the quarterly poll of 1,000 Bloomberg customers who are investors, traders or analysts.
Feb 02, 2011

Panasonic profit falls on tough rivalry, yen

Panasonic Corp posted a larger-than-expected 5.6 percent fall in quarterly profit on Wednesday as tough price competition in TVs and a stronger yen offset help from Japan's incentive scheme.
Feb 02, 2011

Vodafone names Philips CEO Kleisterlee as chairman

Vodafone named outgoing Philips Chief Executive Gerard Kleisterlee as its new chairman, bringing emerging markets know-how and an ability to simplify a group to the world's largest mobile operator.
Feb 02, 2011

Economic recovery drives world stocks higher

World stocks punched fresh 29-month highs on Wednesday, lifted by strong data pointing to sustained global economic recovery, continuing positive corporate earnings and easing concerns about Egypt.
Feb 02, 2011

BOJ's Kamezaki says Japan economy near end of lull

Japan's economy will emerge from a lull toward spring and is certain to pull out of deflation over time, a Bank of Japan policymaker said, offering an upbeat take on the outlook on budding signs of a recovery.
Feb 02, 2011

China to offer 4G services by 2012

China will wrap up large-scale testing of fourth generation mobile communication network, TD-LTE and will put its mobile services to commercial application as an attempt to create a competitive edge for homegrown telecom equipment producers.
Feb 02, 2011

Panasonic profit falls, keeps forecast unchanged

Panasonic Corp reported a worse-than-expected 5.6 percent fall in October-December profit despite help from a Japanese government incentive scheme and its buyout of subsidiary Sanyo Electric.
Feb 02, 2011

Carpetright warns on FY profit after sales fall

British carpet and floor covering retailer Carpetright Plc said it expects full-year profits to be below last year and below market expectations, citing lower third quarter sales due to adverse weather conditions and fragile consumer confidence.
Feb 02, 2011

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