INVESTMENT

Coup leaders in Mali, captured from TV image, Thursday, March 22, 2012

Mali Coup Leaders Steer Clear Of Economic Upheaval

Although leaders of the military coup in Mali appear to be rounding up and jailing potential opponents among politicians and policymakers, they seem to be trying to minimize disruptions to the economy and daily life, leaving in place government ministers in charge of finance, trade and industries.

T-Mobile Cuts 1,900 Jobs, Seven Call Centers

T-Mobile
The U.S.'s No. 4 cell phone service T-Mobile USA, Inc. said Thursday it plans to cut about 1,900 jobs and close seven customer service call centers as it undergoes restructuring after a proposed purchase by AT&T was nixed by regulators.
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GlaxoSmithKline

GlaxoSmithKline To Inject £500M Into UK Manufacturing

Britain's largest drugmaker GlaxoSmithKline announced on Thursday plans to invest £500 million ($792 million) in local manufacturing operations, opening a facility in Scotland that is expected to create 1,000 jobs over the coming years.

China Manufacturing Falters In March: HSBC PMI Shows

China's factory activities slumped for the fifth consecutive month as weakening domestic demand continued to weigh on growth. Spooked investors moved quickly out of riskier assets while hoping for further easing from Beijing.
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Stock Index Futures Point To Lower Opening

Stock index futures pointed to a lower opening on Wall Street on Thursday, with futures for the S&P 500 down 0.6 percent, Dow Jones futures down 0.57 percent and Nasdaq 100 futures down 0.58 percent at 1000 GMT.
Euro coins in a montage

3 Things You Need To Know About Greece's Default

Developments in the two weeks since the credit event confirmed that the world's first test of using credit default swaps as protection involving sovereign debt turned out fairly well. But broader concerns abound, such as the fragile Greek economy and what could be in store for fellow euro zone members Spain and Portugal.
World Bank President Zoellick speaks at a news conference

World Bank President? Third World Candidates Emerge

President Barack Obama must nominate a new President of the World Bank soon, ahead of its June annual meeting in Washington. Two Third World candidates have been mentioned but another American is the likely winner.
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BofA sells more European credit cards to Apollo

Apollo Global Management LLC said on Wednesday it was doubling down on Bank of America Corp's European assets, agreeing to buy its Irish consumer credit card portfolio after acquiring its Spanish credit card unit last summer.

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