G20 need exit strategy, stimulus to stay now: UK source
G20 countries should ensure they have plans to withdraw the huge stimuli put into their economies but are clear the fiscal and monetary boosts remain in place for now, a UK government source told Reuters on Wednesday.
Stock index futures point to higher Wall St start
Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 rise 0.1-0.4 percent, pointing to a firmer start on Wall Street on Wednesday.
G20 need exit strategy, stimulus to stay for now: UK source
G20 countries should ensure they have plans to withdraw the huge stimuli put into their economies but are clear they must remain in place for now, a UK government source told Reuters on Wednesday.
World stocks steady; Ifo briefly lifts euro
World stocks steadied just off this week's 10-month high on Wednesday while a closely-watched German survey, showing a bigger-than-expected improvement in business morale, gave the euro a brief shot in the arm.
Japan exports dip, stimulus effect may be waning
Japan's exports slipped in July as annual drops in exports to the United States and China accelerated, in a sign that the impact of stimulus measures in major economies worldwide may be starting to wane.
Toyota to cut capacity amid sales slump
Toyota Motor Corp , the world's largest automaker, said it would halt a production line in Japan as it looks to cut excess capacity to return to profitability amid an industrywide sales slump.
Asia stocks edge up; eyes on oil and China
Asian stocks edged higher on Wednesday, with thin summer trading volumes keeping prices choppy and centered on short-term chart targets, while oil hovered near $72 a barrel, capped by a surprising rise in U.S. inventories.
Toyota to cut capacity to match sales: source
Toyota Motor Corp will cut its global production capacity to match lower sales, a company source with direct knowledge of the matter said on Wednesday, with potential annual cuts of at least 700,000 vehicles identified.
South Korea Launches First Rocket Into Orbit
South Korea said the satellite it attempted to put into orbit yesterday in its first space rocket launch is assumed to have burned up in the atmosphere after falling back to earth.
Colonial BancGroup files Chapter 11
Colonial BancGroup Inc filed for Chapter 11 bankruptcy protection on Tuesday, 11 days after regulators seized its banking operations and sold most of those assets to BB&T Corp .
Daily Wrap Up - August 25
More recovery signs; SEC says 'Reveal; Shrugs for Goldman
U.S. judge tells BofA, SEC to reveal more on bonuses
A federal judge ordered Bank of America to explain why it agreed to pay $33 million to settle a U.S. Securities and Exchange Commission lawsuit if it believed it properly disclosed bonuses it authorized for Merrill Lynch & Co employees.
U.S. Postal Service seeks 30,000 job cuts via buyouts
The U.S. Postal Service, the nation's second-largest employer, offered buyouts on Tuesday to quickly slash up to 30,000 jobs as it grapples with declining mail volume and embraces more automation.
Sale falls through on crypt above Marilyn Monroe
A $4.6 million bid submitted through online auctioneer eBay Inc for the crypt on top of Marilyn Monroe's final resting place fell through, an attorney for the seller said on Tuesday.
Discovery Shuttle launch spoiled!
The space shuttle Discovery's launching was canceled on Tuesday night due to a trouble with a fuel valve, USA Today reports.
Michael Jackson’s doctor worked for free: report
Michael Jackson's personal doctor, Conrad Murray, claims he never received any payment during the time he served as the singer's personal physician, abcNEWS reported citing an unnamed source familiar with the agreement.
Democratic fund-raiser charged in Citigroup fraud
A major fund-raiser for Barack Obama, Hillary Clinton and other Democrats was charged by federal prosecutors in New York in connection with a scheme to defraud Citigroup Inc .
Ichimoku
A multi-faceted indicator designed to give support/resistance levels, trend direction, and entry/exit points of varying strengths. General theory behind this indicator states that if price action is above the cloud, the overall trend is bullish, and if below the cloud, the overall trend is bearish. There are also moving averages (the Tenkan and Kijun lines) which act like the MACD crossover signals with the Tenkan crossing from underneath the Kijun as a bullish signal, while crossing overhead gi...
CORRECTED: Judge orders SEC to explain more in BofA case
(Corrects word in paragraph 2 to 'settlement' from 'statement')
Madoff-linked firm seeks dismissal of trustee case
A firm co-founded by Bernard Madoff has asked a U.S. bankruptcy judge to dismiss a roughly $100 million lawsuit accusing it of helping to fund billions of dollars to the now-imprisoned swindler.
Verenex says talks with Libya continue
Verenex Energy Inc. said on Tuesday its agreement to be bought by China for $460 million remained in effect and talks to resolve its impasse with Libyan authorities continue.
Zombie suppliers haunt manufacturing sector
Think this downturn was rough on manufacturers?
Wall Street unmoved by Goldman's trading tip-offs
Some investors are shrugging their shoulders at reports that Goldman Sachs Group Inc (GS.N) gives special trading advice and early access to analyst research to a select few clients, saying the practice is commonplace in the industry.
Daily Commentary - 26/08/2009
The Aussie dollar experienced little in the way of volatility during yesterday's local trading day bouncing between 0.8350 and 0.8375 for the majority of the Asian session.
Swine flu poses serious health threat to US, could kill 90k Americans: White House
The President's Council of Advisors on Science and Technology (PCAST) released a report on Monday, saying the H1N1 swine flu poses a serious health threat to the United States and could kill as many as 90,000 Americans.
Four banks dominate August market in dash for trash
In late August's quiet trading, four troubled financial companies have accounted for a big piece of total volume on the New York Stock Exchange,
Asustek posts deeper Q2 loss, recovery glooms
Netbook PC pioneer Asustek sank deeper into the red with a net loss of T$131 million ($3.9 million) in the second quarter, hit by foreign exchange losses and dashing hopes that it was on the road to recovery.
Bank of Montreal profit rises more than expected
Bank of Montreal surprised investors on Tuesday with a surge in quarterly profits, sending Canadian bank shares higher and boosting expectations for strong results from the nation's other big lenders.
Reader's Digest gets OK to tap into $150 mln loan
The bankrupt publisher of Reader's Digest won court approval on Tuesday to access some of the $150 million in funding it has lined up to continue operating while it reorganizes.
Forsys cancels C$579 mln George Forrest takeover
Forsys Metals Corp said on Tuesday it has terminated its agreed C$579 million ($504 million) takeover by holding company George Forrest International Afrique (GFI) after the buyer failed to transfer funds to complete the deal.