IBT Staff Reporter

112951-112980 (out of 154947)

Tyco International quarterly earnings fall

Industrial conglomerate Tyco International Ltd posted a 53 percent drop in quarterly net profit as soft economic conditions sapped demand for its construction and control products.

Indonesia says delay in LNG talks with KOGAS

Talks between Indonesia and Korea Gas Corp over liquefied natural gas (LNG) shipments have been temporarily halted, which may delay deliveries, an official at Indonesia's energy watchdog said on Tuesday.

NPS to invest $863 mln in S.Korea companies -paper

South Korea's National Pension Service is in the final stages of talks with SK Energy and other companies to pump a combined 1 trillion won ($863 million) into their plants and equipment, a newspaper reported.

ZEW Indicator of Economic Sentiment

The ZEW Indicator of Economic Sentiment for Germany decreased slightly by 4.9 points in November 2009 and now stands at 51.1 points after 56.0 points in the previous month. This value is still well above the indicator's historical average of 26.9 points.

Nokia, Samsung step up smartphone battle

The world's two largest cell phone makers, Nokia and Samsung Electronics, have unveiled their latest attempts to keep pace in the battle with smartphone rivals like iPhone and Blackberry.

Peak oil closer than IEA forecasts show: report

The world is closer to a peak in oil supply than International Energy Agency estimates admit, UK newspaper The Guardian reported in its Tuesday edition, citing an unidentified whistleblower at the IEA.

EURUSD and Elasticity

The EUR now looks poised to continue its breach of resistance and head north to 1.5265. One of the factors that we consider when looking for technical entry and exit points is the speed at which price is moving.

Dollar close to 15-mth low; sterling falls on Fitch

The dollar's trade-weighted index hovered near a 15-month low on Tuesday on the view U.S. interest rates will stay low, while sterling fell after Fitch said the UK was the major economy most at risk of losing its AAA rating.

Dodd set to unveil financial reform bill

Senate Banking Committee Chairman Christopher Dodd will unveil long-awaited draft legislation on financial regulation reform on Tuesday, his office said on Monday.

EU starts investigation into Reuters datafeed tool

EU antitrust regulators launched an investigation on Tuesday into news and financial data publisher Thomson Reuters' use of its real-time market datafeed, saying it might block users moving to rival firms. The European Commission, which polices competition in the 27-country European Union, said the investigation was launched on its own initiative and that it did not imply it had proof of an infri...

Lloyds to cut another 5,000 jobs

Bailed-out British lender Lloyds Banking Group is to cut a further 5,000 jobs by the end of 2010 as it continues to overhaul its operations and integrate HBOS.

Barclays restarts dividends

Barclays Plc said strong investment banking helped limit a fall in profit in the third quarter and it expects bad debts to peak earlier than it had previously expected.

Global stocks rise as risk favored

World stocks ticked higher on Tuesday as positive reports from UK banks kept the momentum with investors who chased risky assets in anticipation countries would keep monetary policy accommodative.

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