IBT Staff Reporter

149911-149940 (out of 154954)

Firms, banks begin to shed subprime caution

Companies showed signs of shrugging off the caution that has enveloped the world economy since a credit crisis broke, as investors looked on Tuesday to U.S. data to gauge the likelihood of a Federal Reserve rate cut.

Nikkei falls before U.S. data, Fast Retailing down

The Nikkei average lost 0.6 percent on Tuesday on caution ahead of a wave of U.S. economic data, while clothing company Fast Retailing Co Ltd extended its slide after announcing further acquisition plans.

GDF, Suez stocks slip again on merger doubts

Uncertainty about the revised terms of the planned merger of Gaz de France and Suez and worries about a possible interference of the French state in the new power giant nagged the companies' shares again on Tuesday.

Softer stocks reignite risk aversion, boost yen

The yen strengthened on Tuesday as softer equity markets ahead of a flurry of U.S. data signaled a return to risk aversion for nervous markets, leading investors to unwind carry trade positions.

Climate change lifts APEC temperature

Usually derided as teetering on the tip of irrelevance, this year's Asia-Pacific leaders' summit in Sydney hopes to rise above its reputation for glacial action and have a real impact on the course of climate change. Leaders gathered for the meeting hope to build on June's G8 summit, in which nations agreed to consider a 50 percent cut in emissions by 2050 and build momentum ahead of a U.N. climate change meeting later this month.

TV industry waits, frustrated, for next push

The television industry is ready to deliver a host of new ways to experience video from high-definition (HD) TV to Internet and mobile TV but manufacturers are frustrated at a lack of political impetus.

The Simpler Life

TVs usually dominate Europe's largest consumer electronics show but many gadgets in Berlin this week aim to make life simple and more beautiful too.

Reports of plasma's demise premature, makers say

Plasma television technology has a bright future despite an onslaught on its home turf from rival LCD (liquid crystal display) TVs, makers of plasma screens told Reuters at the IFA consumer electronics fair in Berlin.

Division over next-generation DVDs deepening

Hollywood studios are becoming deeply divided over which high-definition technology will replace the DVD, increasing prospects that it will be years before next-generation players become standard equipment in U.S. households.

APEC set for world trade, climate change talks

President George W. Bush hopes to spur momentum for a world trade pact and a global target on climate change at this week's APEC summit in Sydney, but host Australia has warned not to expect binding greenhouse targets. The Asia Pacific Economic Co-operation (APEC) summit will draw 21 leaders including Bush.

Small banks seen winning Intesa branch sale-source

Intesa Sanpaolo, Italy's biggest retail bank, is in exclusive talks with a group of small Italian banks in the bidding for nearly 200 outlets, a financial source said on Monday confirming newspaper reports.

Australia's Leighton buys Al Habtoor stake

Australian construction firm Leighton Holdings Ltd said on Monday it will pay about A$870 million ($707 million) for a 45 percent stake in Dubai-based Al Habtoor Engineering as it continues to expand in the lucrative Gulf market.

Holidaying U.S. leaves investors ticking over

World stocks made small gains and currency markets traded in a narrow range on Monday as many investors avoided taking strong positions during the U.S. Labor Day holiday with its accompanying lack of key economic news.

Airbus sees booming Chinese jet demand, A380 orders

European plane-maker Airbus expects Chinese airlines will need up to 150 of its jets over the next five years, including its giant A380s, as Chinese airlines expand to serve a domestic and international travel boom.

Sony PS3 narrows Nintendo Wii sales lead in Japan

Nintendo Co Ltd's video game console Wii outsold Sony Corp's PlayStation 3 by a ratio of three to one in Japan in August, but Nintendo's overwhelming lead in the market narrowed for the second consecutive month.

SMIC in talks to buy NEC China JV-sources

China's biggest chipmaker, Semiconductor Manufacturing International Corp, is in advanced talks to acquire Japanese tech giant NEC's China venture to boost scale in the country's competitive chip market, two sources familiar with the situation said on Monday.

Sarkozy sets stamp on French power merger

The planned merger of Gaz de France and Suez to create one of Europe's largest energy groups has once more underlined President Nicolas Sarkozy's determination to keep a firm hold on French industrial policy.

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