IBT Staff Reporter

123301-123330 (out of 154951)

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 .

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.

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.

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...

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.

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.

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.

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.

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