IBT Staff Reporter

112201-112230 (out of 154953)

Boeing sees growth in Mideast

Boeing , which expects airlines to return to profitability in 2011, said on Monday that Middle East carriers would need 1,710 new jets over the next 20 years, valued at about $300 billion.

Futures rise as dollar slides, commodities gain

U.S. stock index futures gained on Monday, taking a cue from rising global markets, as a weaker dollar lifted commodity prices in a boost to natural resource stocks and investors looked ahead to economic data and a speech by the Federal Reserve chairman.

Travel Picks: Top 10 cities to party the night away

Looking to tread terrain still untouched by foreign stag expeditions? Want to unwind in luxury or drink up the sun? Lonely Planet lists the world's top 10 party cities in its new guide, the 1000 Ultimate Experiences. This list is not endorsed by Reuters.

Lowe's quarterly profit falls

Lowe's Cos Inc , the second-largest U.S. home improvement chain, posted a 30 percent decline in quarterly profit as consumers put off big renovations and a U.S. housing market recovery takes longer to materialize.

Rates stay low as exit seen a way off yet

Interbank lending rates remained pinned on Monday by the abundance of excess cash in the system but comments from a host of central bankers are likely to be closely scrutinised for further clues on exit strategies.

Dollar slips after APEC, risk demand rises

The dollar slipped on Monday as traders took a lack of agreement on currencies among Asian and U.S. leaders as a cue to sell the greenback, even as speculation of a near-term yuan appreciation cooled.

S.Korea c.bank asks Fed for FX swap extension-paper

South Korea's central bank has asked the U.S. Federal Reserve to extend a $30 billion swap agreement for a safety net, as the existing credit line is due to expire on Feb. 1, 2010, a local newspaper reported.

EADS Q3 dips, stays cautious on FY

EADS unveiled a 77 percent drop in third-quarter core earnings on Monday, as it battled a downturn in civil aviation and the damaging effect of the weak dollar along with delays to its A400M program.

Japan extra stimulus likely, GDP fails to convince

Japan's government inched toward agreeing new stimulus measures that could be worth $30 billion on Monday as economic growth is likely to slow next year due to sluggish personal spending and rising inventories.

Canon to buy Dutch Oce in $2.2 billion deal

Japan's Canon said it would buy Dutch copier and printer maker Oce in a deal worth $2.2 billion, as it tries to return to growth after the global downturn crippled demand for office equipment.

Stock futures signal gains; retail sales eyed

Stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500 up 0.84 percent, Dow Jones futures up 0.57 percent and Nasdaq 100 futures up 0.55 percent at 0925 GMT (4:25 a.m. EST).

EADS stays cautious on FY after Q3 dip

EADS unveiled a 77 percent drop in third-quarter core earnings on Monday, as it battled a downturn in civil aviation and damaging delays to its A400M program.

China cool to stronger yuan as IMF calls for rise

China's Commerce Ministry on Monday rebuffed calls for the yuan to appreciate, signaling resistance to change in a controversial foreign exchange policy that loomed over U.S. President Barack Obama's first visit to the Asian giant.

Gold hits another record, Asia shares rise

Gold hit a fresh record high on Monday as investors hedged against a weak dollar, while Asian shares gained ground after upbeat reports from U.S. retailers underpinned confidence the global economy is recovering.

Champion seeks Chapter 11 for U.S. operations

Champion Enterprises Inc said on Sunday the company and its domestic operating subsidiaries filed for bankruptcy, and that it hopes to go through a court-supervised sale of its U.S. operations.

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