Category Archives: Markets
The landmine that could explode BP’s $7.8 billion deal
(Reuters) – BP Plc (BP.L) appears to be well on its way to concluding an estimated $7.8 billion settlement to resolve most of its civil liability from the Gulf of Mexico oil spill. But a … continue…
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Morgan Stanley made big bet on Facebook
(Reuters) – Lead Facebook Inc (FB.O) underwriter Morgan Stanley (MS.N) took a bet earlier this week when it increased the size of the social networking firm’s $16 billion initial public offering and it boosted the … continue…
Historic Facebook debut falls flat
(Reuters) – The historic initial public offering of Facebook Inc did not go as planned on Friday, as the social networking company’s sky-high valuation combined with trading glitches left the stock languishing near its offering … continue…
EU, ECB working on Greece exit contingency
(Reuters) – The European Commission and the European Central Bank are working on an emergency scenario in case Greece has to leave the euro zone, EU trade commissioner Karel De Gucht said in an interview … continue…
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Investors brace for Facebook debut on Wall Street
(Reuters) – Investors are bracing for Facebook’s Wall Street debut on Friday after the world’s No.1 online social network raised about $16 billion in one of the biggest initial public offerings in U.S. history. Valued … continue…
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GE aims to double China JVs to around 56 in five years
(Reuters) – General Electric Co (GE.N) aims to double the number of joint ventures it has in China from the current 28 in roughly five years, its vice-chairman said on Friday. John Rice, who is … continue…
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Anxious investors send S&P lower for fifth day
(Reuters) – U.S. stocks hit a four-month low on Thursday as rising Spanish bond yields increased investor anxiety over that country’s banks and another round of weak data undermined hopes for U.S. economic recovery. Growing … continue…
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Greek political turmoil heightens euro exit fears
(Reuters) – Fears of a Greek exit from the euro zone worsening the debt crisis facing other European nations gripped financial markets on Wednesday, sending shares and other riskier assets lower as investors shifted funds … continue…
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East Asian powers set to push trade pact talks
(Reuters) – China, Japan and South Korea will set in motion formal talks for a three-way free trade pact and unveil an accompanying investment treaty at a summit in Beijing on Sunday. The three nations … continue…
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Banks prepare for the return of the drachma
(Reuters) – Banks are quietly readying themselves to start trading a new Greek currency. Some banks never erased the drachma from their systems after Greece adopted the euro more than a decade ago and would … continue…
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