Business News Headlines - Yahoo! News
Stocks firm, dollar sags after Fed-inspired rally
SINGAPORE (Reuters) - Asian stocks touched their highest in more than four months on Monday and gold, oil and copper hovered near multi-month highs, after rallying late last week on hopes that fresh stimulus from the world's top central banks will support flagging growth. The dollar languished near its lowest in seven months, as the aggressive new securities-buying program announced by the Federal Reserve on Thursday tempted investors back into riskier assets such as equities and commodities. MSCI's broadest index of Asia Pacific shares outside Japan edged up 0. ...
From http://news.yahoo.com/asian-stocks-hold-firm-fed-inspired-rally-003028382--sector.html - 9/17/2012 10:53:29 AM
Policy euphoria makes way for humdrum data
LONDON (Reuters) - The world's top two central banks have administered extra-strong monetary painkillers, but the global economy will still need a lot more time to recover from its thumping debt hangover. Financial markets were euphoric after the Federal Reserve surpassed expectations and promised on Thursday to keep the money taps fully open until the U.S. labor market makes a sustained recovery. ...
From http://news.yahoo.com/policy-euphoria-makes-way-humdrum-data-192554311--business.html - 9/17/2012 3:25:54 AM
Obama to launch auto trade case against China: official
WASHINGTON (Reuters) - President Barack Obama will launch a trade complaint against China over what his administration says is Beijing's unfair government backing of its auto industry, a White House official said on Sunday. Obama will announce during a campaign tour of Ohio on Monday that he is initiating a case against China at the World Trade Organization over allegedly illegal subsidies for automobiles and auto parts, the official said. ...
From http://news.yahoo.com/obama-launch-auto-trade-case-against-china-official-024530318.html - 9/17/2012 12:18:49 PM
Probe focuses on JPMorgan's monitoring of suspect transactions
(Reuters) - A U.S. regulatory probe of JPMorgan Chase & Co's anti-money laundering systems is focusing on potential lapses in how the largest U.S. bank monitors suspect money transactions, according to people familiar with the situation. The probe appears to be focused on the systems and personnel that JPMorgan uses to safeguard against illicit money flows, the sources said, declining to be identified because they were not authorized to speak to the media. One specific angle of the probe is how the bank's systems were set up to review a high volume of suspect transactions. ...
From http://news.yahoo.com/probe-focuses-jpmorgans-monitoring-suspect-transactions-015125099--sector.html - 9/17/2012 9:51:25 AM
Canon to suspend operations at three plants in China-Japan media
TOKYO (Reuters) - Japanese electronics maker Canon Inc is set to suspend operations at three of its four plants in China on Monday and Tuesday following huge anti-Japanese protests in China, Japanese media reported on Monday. Canon will halt production lines at its laser printer factory in Guangdong, a digital camera factory in Guangdong, and a copier plant in Jiangsu, Japanese media reported. (Reporting by Yoko Kubota; Editing by Paul Tait)
From http://news.yahoo.com/canon-suspend-operations-three-plants-china-japan-media-035441475--finance.html - 9/17/2012 11:54:41 AM
Winklevoss twins invest in social network company: report
NEW YORK (Reuters) - The Winklevoss twins, best known for their legal battle against Mark Zuckerberg over the founding of Facebook Inc, have invested in SumZero, a social network company aimed at professional investors, The Wall Street Journal said on Sunday. Tyler and Cameron Winklevoss have put $1 million into SumZero, which was founded by fellow Harvard University alumni Divya Narendra and Aalap Mahadevia in 2008, the article said. ...
From http://news.yahoo.com/winklevoss-twins-invest-social-network-company-report-025826502--sector.html - 9/17/2012 10:58:26 AM
India's central bank unlikely to budge yet on rates
MUMBAI (Reuters) - A spate of long-delayed reforms unleashed by India to shore up government finances is unlikely to be rewarded by an immediate interest rate cut, with the central bank expected to hold rates steady on Monday as it wages a protracted battle with inflation. In an unexpected 24-hour frenzy, New Delhi opened its supermarkets and airlines to foreign investment, raised the price of subsidised diesel and announced planned share sales in four state companies as it looks to jump-start flagging growth. ...
From http://news.yahoo.com/indias-central-bank-unlikely-budge-yet-rates-025330465--business.html - 9/17/2012 10:53:30 AM
Citi's Southeast Asia financial institutions head resigns: source
SINGAPORE (Reuters) - Citigroup's Southeast Asia head of financial institutions, David Khoo, has resigned less than two years after joining the U.S. bank, a banking source with direct knowledge of the matter said on Monday. Khoo, who has also worked for RBS and ABN AMRO, joined the firm in early 2011. A Citigroup spokesman declined to comment, and an email to Khoo was returned with a message that his email address no longer exists within Citigroup. ...
From http://news.yahoo.com/citis-southeast-asia-financial-institutions-head-resigns-source-033820889--finance.html - 9/17/2012 11:53:24 AM
China says EU crisis dims outlook for bilateral trade
BEIJING (Reuters) - China is concerned the debt crisis in Europe, its largest trading partner, will hurt the outlook for bilateral trade for the rest of 2012, senior officials said on Monday while urging more structural reform in the euro zone. Beijing believes the euro zone can deal with the debt issue and appreciates the efforts taken so far to ease the crisis, Vice Finance Minister Zhu Guangyao told reporters ahead of a European visit by outgoing Chinese premier Wen Jiabao. Nonethless, the damage has already been felt in trade. China's exports to Europe fell 12. ...
From http://news.yahoo.com/china-believes-eu-deal-debt-crisis-vice-finance-023505977--business.html - 9/17/2012 11:21:04 AM
Canada's CAW chooses Ford for talks as strike looms
TORONTO/VANCOUVER (Reuters) - A day before a strike deadline at the Detroit Three automakers, the Canadian Auto Workers chose Ford Motor Co as the lead company for contract talks, saying the union believes it has the best chance of reaching a deal with Ford and averting a damaging work stoppage. The CAW will, however, continue to have talks with the other two Detroit car companies, Fiat SpA's Chrysler Group LLC and General Motors, as well. "We're going to concentrate our efforts on Ford. We hope to get a reasonable deal. We hope to get a modest deal," said CAW President Ken Lewenza. ...
From http://news.yahoo.com/canadas-caw-chooses-ford-talks-strike-looms-000512775--sector.html - 9/17/2012 8:05:56 AM
AP sources: Obama launching China trade case
President Barack Obama will launch a new trade enforcement case against China Monday, using the power of incumbency to counter Republican Mitt Romney's criticism that he is ceding American jobs to the Asian power.
From http://news.yahoo.com/ap-sources-obama-launching-china-trade-case-012820894--election.html - 9/17/2012 9:58:29 AM
Egyptian bank shareholders OK deal with QInvest
Egyptian bank EFG Hermes says a majority of shareholders have voted in favor of a deal to merge some of the lender's operations with Qatar's QInvest.
From http://news.yahoo.com/egyptian-bank-shareholders-ok-deal-qinvest-130140811--finance.html - 9/16/2012 9:02:50 PM
Report: US banks subject of money-laundering probe
Regulators are investigating whether several major U.S. banks failed to monitor transactions properly, allowing criminals to launder money, according to a New York Times story. The newspaper cited officials who it said spoke on the condition of anonymity.
From http://news.yahoo.com/report-us-banks-subject-money-laundering-probe-184354641--finance.html - 9/16/2012 9:37:58 AM
Warren Buffett finishes cancer treatment
Warren Buffett says he's done with cancer treatments, and the Oracle of Omaha seems eager to move on.
From http://news.yahoo.com/warren-buffett-finishes-cancer-treatment-203619106--finance.html - 9/16/2012 5:03:12 AM
Feds investigate Ford police car steering problem
Government safety regulators are investigating Ford's Crown Victoria police cars due to complaints about defective steering columns.
From http://news.yahoo.com/feds-investigate-ford-police-car-steering-problem-143219571--finance.html - 9/16/2012 12:22:49 AM
Europe at loggerheads over banking reform
Europe faces weeks of tough negotiations to agree on a new region-wide banking supervisor after divisions emerged over the new body's powers at a meeting of the region's finance ministers Saturday.
From http://news.yahoo.com/europe-loggerheads-over-banking-reform-114511309--finance.html - 9/15/2012 11:29:21 PM
South Africa police halt peaceful strikers' march
South African police halted a peaceful march by striking miners without violence Sunday, a day after firing rubber bullets and tear gas to disperse illegal protesters.
From http://news.yahoo.com/south-africa-police-halt-peaceful-strikers-march-212330619--finance.html - 9/17/2012 5:23:30 AM
'The Master' smashes box-office records
Paul Thomas Anderson's cult drama "The Master" commanded a huge following in its opening weekend, smashing records on just a handful of screens.
From http://news.yahoo.com/master-smashes-box-office-records-183918808.html - 9/17/2012 4:27:05 AM
China aims at Japan's economy in island protests
Chinese are trying to hurt Japan economically for leverage in a bitter dispute over contested islands, turning to angry protests and calls for boycotts of Japanese businesses, abetted in part by China's government.
From http://news.yahoo.com/china-aims-japans-economy-island-protests-123409211--finance.html - 9/16/2012 10:08:43 PM
Italy gov't demands Fiat clarify industrial plans
Two Italian Cabinet ministers have demanded that carmaker Fiat, which controls Chrysler, clarify its plans for investments in Italian plants amid mounting concern over possible closures.
From http://news.yahoo.com/italy-govt-demands-fiat-clarify-industrial-plans-163302517--finance.html - 9/16/2012 12:34:20 AM
Brent crude up for eighth day near $117; economic risks may cap rise
SINGAPORE (Reuters) - Brent crude rose for the eighth consecutive session on Monday to just below $117 a barrel, though prices stayed under a four-month peak hit on Friday on worries that high oil prices could hamper efforts to boost a struggling world economy. Oil has been boosted by the U.S. Federal Reserve's aggressive moves last week to stimulate the world's biggest economy, but Brent crude's rally of about a third since late June could backfire by undermining demand in a fragile economy. ...
From http://news.yahoo.com/brent-crude-8th-day-near-117-economic-risks-030312180--finance.html - 9/17/2012 1:00:56 PM
Obama to launch auto trade case against China: official
WASHINGTON (Reuters) - President Barack Obama will launch a trade complaint against China over what his administration says is Beijing's unfair government backing of its auto industry, a White House official said on Sunday. Obama will announce during a campaign tour of Ohio on Monday that he is initiating a case against China at the World Trade Organization over allegedly illegal subsidies for automobiles and auto parts, the official said. ...
From http://news.yahoo.com/obama-launch-auto-trade-case-against-china-official-024530318.html - 9/17/2012 12:18:49 PM
Canon to suspend operations at three plants in China-Japan media
TOKYO (Reuters) - Japanese electronics maker Canon Inc is set to suspend operations at three of its four plants in China on Monday and Tuesday following huge anti-Japanese protests in China, Japanese media reported on Monday. Canon will halt production lines at its laser printer factory in Guangdong, a digital camera factory in Guangdong, and a copier plant in Jiangsu, Japanese media reported. (Reporting by Yoko Kubota; Editing by Paul Tait)
From http://news.yahoo.com/canon-suspend-operations-three-plants-china-japan-media-035441475--finance.html - 9/17/2012 11:54:41 AM
Citi's Southeast Asia financial institutions head resigns: source
SINGAPORE (Reuters) - Citigroup's Southeast Asia head of financial institutions, David Khoo, has resigned less than two years after joining the U.S. bank, a banking source with direct knowledge of the matter said on Monday. Khoo, who has also worked for RBS and ABN AMRO, joined the firm in early 2011. A Citigroup spokesman declined to comment, and an email to Khoo was returned with a message that his email address no longer exists within Citigroup. ...
From http://news.yahoo.com/citis-southeast-asia-financial-institutions-head-resigns-source-033820889--finance.html - 9/17/2012 11:53:24 AM
China says EU crisis dims outlook for bilateral trade
BEIJING (Reuters) - China is concerned the debt crisis in Europe, its largest trading partner, will hurt the outlook for bilateral trade for the rest of 2012, senior officials said on Monday while urging more structural reform in the euro zone. Beijing believes the euro zone can deal with the debt issue and appreciates the efforts taken so far to ease the crisis, Vice Finance Minister Zhu Guangyao told reporters ahead of a European visit by outgoing Chinese premier Wen Jiabao. Nonethless, the damage has already been felt in trade. China's exports to Europe fell 12. ...
From http://news.yahoo.com/china-believes-eu-deal-debt-crisis-vice-finance-023505977--business.html - 9/17/2012 11:21:04 AM
India's central bank unlikely to budge yet on rates
MUMBAI (Reuters) - A spate of long-delayed reforms unleashed by India to shore up government finances is unlikely to be rewarded by an immediate interest rate cut, with the central bank expected to hold rates steady on Monday as it wages a protracted battle with inflation. In an unexpected 24-hour frenzy, New Delhi opened its supermarkets and airlines to foreign investment, raised the price of subsidised diesel and announced planned share sales in four state companies as it looks to jump-start flagging growth. ...
From http://news.yahoo.com/indias-central-bank-unlikely-budge-yet-rates-025330465--business.html - 9/17/2012 10:53:30 AM
Stocks firm, dollar sags after Fed-inspired rally
SINGAPORE (Reuters) - Asian stocks touched their highest in more than four months on Monday and gold, oil and copper hovered near multi-month highs, after rallying late last week on hopes that fresh stimulus from the world's top central banks will support flagging growth. The dollar languished near its lowest in seven months, as the aggressive new securities-buying program announced by the Federal Reserve on Thursday tempted investors back into riskier assets such as equities and commodities. MSCI's broadest index of Asia Pacific shares outside Japan edged up 0. ...
From http://news.yahoo.com/asian-stocks-hold-firm-fed-inspired-rally-003028382--sector.html - 9/17/2012 10:53:29 AM
AP sources: Obama launching China trade case
President Barack Obama will launch a new trade enforcement case against China Monday, using the power of incumbency to counter Republican Mitt Romney's criticism that he is ceding American jobs to the Asian power.
From http://news.yahoo.com/ap-sources-obama-launching-china-trade-case-012820894--election.html - 9/17/2012 9:58:29 AM
Probe focuses on JPMorgan's monitoring of suspect transactions
(Reuters) - A U.S. regulatory probe of JPMorgan Chase & Co's anti-money laundering systems is focusing on potential lapses in how the largest U.S. bank monitors suspect money transactions, according to people familiar with the situation. The probe appears to be focused on the systems and personnel that JPMorgan uses to safeguard against illicit money flows, the sources said, declining to be identified because they were not authorized to speak to the media. One specific angle of the probe is how the bank's systems were set up to review a high volume of suspect transactions. ...
From http://news.yahoo.com/probe-focuses-jpmorgans-monitoring-suspect-transactions-015125099--sector.html - 9/17/2012 9:51:25 AM
Deutsche to trim Mideast investment banking staff: sources
DUBAI (Reuters) - Deutsche Bank is cutting several senior jobs in its investment banking business in Dubai, including directors, as it cuts costs to adapt to a tougher investment banking environment globally, three banking sources said. The German lender last week outlined plans to cut bonuses, axe more jobs and sell assets, and senior executives said expected job cuts would be "over and above" the 1,900 positions already announced. ...
From http://news.yahoo.com/deutsche-trim-mideast-investment-banking-staff-sources-004343722--sector.html - 9/17/2012 8:43:43 AM
Canada's CAW chooses Ford for talks as strike looms
TORONTO/VANCOUVER (Reuters) - A day before a strike deadline at the Detroit Three automakers, the Canadian Auto Workers chose Ford Motor Co as the lead company for contract talks, saying the union believes it has the best chance of reaching a deal with Ford and averting a damaging work stoppage. The CAW will, however, continue to have talks with the other two Detroit car companies, Fiat SpA's Chrysler Group LLC and General Motors, as well. "We're going to concentrate our efforts on Ford. We hope to get a reasonable deal. We hope to get a modest deal," said CAW President Ken Lewenza. ...
From http://news.yahoo.com/canadas-caw-chooses-ford-talks-strike-looms-000512775--sector.html - 9/17/2012 8:05:56 AM
Amplats to resume work as South Africa police get tough
JOHANNESBURG (Reuters) - Anglo American Platinum said it will resume work on Tuesday at its strike-hit Rustenburg operations, just days after South Africa's government launched a crackdown to disarm miners and end five weeks of labor unrest. Amplats, the world's top producer of the precious metal, suspended some of its operations this week after machete-wielding strikers marched on shafts near Rustenburg, 100 km (60 miles) northwest of Johannesburg. ...
From http://news.yahoo.com/amplats-resume-south-africa-police-tough-223713763--finance.html - 9/17/2012 7:26:18 AM
Analysis: India's "big bang Friday" reforms might just stick
NEW DELHI (Reuters) - There were quiet celebrations in the offices of Indian Prime Minister Manmohan Singh late last week after he stunned the country with a slew of steps to revive the tanking economy. In the space of 24 hours, Singh had dispelled the image of an elderly ditherer and demonstrated - two decades after he launched India's transformative drive for economic liberalization - that he remains a champion of reform. "People were very happy," one aide to the Oxford-educated economist told Reuters. "There were no high fives, but people in the office were very satisfied. ...
From http://news.yahoo.com/analysis-indias-big-bang-friday-reforms-might-just-213241528--business.html - 9/17/2012 5:32:41 AM
South Africa police halt peaceful strikers' march
South African police halted a peaceful march by striking miners without violence Sunday, a day after firing rubber bullets and tear gas to disperse illegal protesters.
From http://news.yahoo.com/south-africa-police-halt-peaceful-strikers-march-212330619--finance.html - 9/17/2012 5:23:30 AM
Malaysia's economic masterplan faces battle to win big private investment
KUALA LUMPUR (Reuters) - On an idyllic coast in Malaysia, private investors are planning a world-class "eco-nature resort" as one part of the government's ambitious $444 billion economic makeover that it hopes will help leapfrog the country to developed-nation status by 2020. But the price-tag on the proposed integrated resort on Borneo island, complete with a theme park and mangrove research centre, has more than tripled to $3.1 billion and there are doubts about whether it will be built. ...
From http://news.yahoo.com/malaysias-economic-masterplan-faces-battle-win-big-private-212002267--business.html - 9/17/2012 5:20:02 AM
Affinity tests appetite for Asia private equity with $3.5 billion fund
HONG KONG (Reuters) - Asia-focused private equity firm Affinity Equity Partners is seeking to raise as much as $3.5 billion in a new fund, sources said, testing investor appetite for Asia funds at a time when a number of global players have already launched big funds. Affinity has hired London-based MVision to advise it on the fundraising, the sources who had direct knowledge of the plan told Reuters. It has started marketing the fund and scheduled a meeting with investors later this month, they added. ...
From http://news.yahoo.com/affinity-tests-appetite-asia-private-equity-3-5-211213195--sector.html - 9/17/2012 5:12:13 AM
Hungary to respond to IMF/EU by mid-week: minister
BUDAPEST (Reuters) - Hungary will send its proposals to international lenders by the middle of next week to allow credit talks to resume but will not modify its economic projections for 2013, the minister in charge of talks with the IMF and EU said on Sunday. The country, after months of delays, started talks about a financing backstop in July with the International Monetary Fund and the European Union. It has successfully kept investors on side this year with the promise of a deal. ...
From http://news.yahoo.com/hungary-respond-imf-eu-mid-week-minister-203026643--finance.html - 9/17/2012 4:30:26 AM
'The Master' smashes box-office records
Paul Thomas Anderson's cult drama "The Master" commanded a huge following in its opening weekend, smashing records on just a handful of screens.
From http://news.yahoo.com/master-smashes-box-office-records-183918808.html - 9/17/2012 4:27:05 AM
Amplats to resume South Africa operations on Tuesday
JOHANNESBURG (Reuters) - Anglo American Platinum plans to resume operations at its Rustenburg mine in South Africa on Tuesday after it suspended work following labor unrest, it said on Sunday. "The situation in Rustenburg remains calm and our current intention is to resume operations on Tuesday morning, which will provide time for the government to implement further security measures," the company said in a statement. ...
From http://news.yahoo.com/amplats-resume-south-africa-operations-tuesday-200439814--finance.html - 9/17/2012 4:04:39 AM
Policy euphoria makes way for humdrum data
LONDON (Reuters) - The world's top two central banks have administered extra-strong monetary painkillers, but the global economy will still need a lot more time to recover from its thumping debt hangover. Financial markets were euphoric after the Federal Reserve surpassed expectations and promised on Thursday to keep the money taps fully open until the U.S. labor market makes a sustained recovery. ...
From http://news.yahoo.com/policy-euphoria-makes-way-humdrum-data-192554311--business.html - 9/17/2012 3:25:54 AM
Bizgram Asia Blogs. All content are owned by respective owners. This is just a method to share. 
